The catch is, there is a set of criteria that must exist before volume can pass through a coin and push its price into the realm of profit. Knowing this criteria is like having the secret pass code to a bank vault that is jam packed full of gold bars, and mountains upon mountains of cash.
Daily Tip
There is no such thing as price prediction, consistent winners simply study the patterns that allow trading volume to boost the price of a coin, and so they position themselves to take advantage of this.
Just like with this MAX trade.
If you study the price chart, you will see that today wasnt the first time that MAX hit 9,250 Satoshi. You will see that the last time this happened was last year, October 08 when 100 BTC worth of trading volume propelled the price per coin of MAX into the 9,000 Satoshi price range.
From October 08 2014, the price fell into decline as MAX dropped 81% of value.
The key here is that, after such a high volume spike there is always a decline. The closer this decline gets to 90% the better the buying opportunity becomes. Why? Well because, what goes down, can only go back up.
Successful trading has a lot more to do with common sense than people assume
Question for Ryan
First of all big thanks for all the information that you share on your website, it has been a huge help for me.
I wanted to ask what is your main tip of tips for making steady money with altcoins?
Some of us trade altcoins as a hobby, but I can see that you and your group have a more professional approach play
I particularly enjoy the ethos of your group cause where everyone else is panicking about the price of bitcoin
i come here and see that people are exited about the cheap price and providing sound and well though out reasoning for this
this is like the rational corner of the crypto world, i dont see too much emotion or hysteria, just facts and logic
I find this refreshing
I am hoping to trade altcoins more seriously from here on out so I wld highly appreciate getting perspective on this
thanks