We continue a series of publications on trading in order to understand in practice how much money can be earned. novice investor using only forecastspublished on our website. To understand how useful they are, we decided to conduct an experiment and simulate a situation in which a person who knows about trading only what you need to “buy cheaper and sell more expensive”, tries to get additional income in his spare time by investing part of his money in cryptocurrency trading
Since our last trading posttwo weeks have passed, but the price of Litecoin has not risen to the target level of bulls, which is in the area of 78.6% fibo (59.31 USD). On Monday at the Binance exchange, the LTC price came close to this level, setting a maximum at 58.65 USDT.
Yesterday, the pair rolled back to the watch EMA55 and all nightconsolidated in a narrow range. According to ForkNews forecasts, it is likely that today buyers will be able to use the support of the average price level to test the target level.
Now we’ll tell you about the changes in our trading plan that have affected the entry level to a long position.
September 26, we carefully watched the rollbackLTC prices, which was supposed to lead to the execution of our bid for the purchase of 1 LTC at 50.00 USDT. However, the price indicated a minimum at 50.30 USDT and began to grow rapidly. Our order was never executed, but we did not want to miss the opportunity to enter the market at a decline. Therefore, we decided to increase the order amount to 3 LTC and buy at market value. The purchase price was, on average, at 52.00 USDT.
Thus, we were able to jump into the outgoing train, which for the second week was taking us somewhere to the northeast.
P.S. While we were preparing an article for publication, an order to sell 3 LTC at the rate of 59.00 USDT has already been fulfilled and now we can be content with such a long-awaited profit of about twenty US dollars.