In this article, I am going to point out a very simple & effective crypto-trading strategy that can help anyone, regardless of their trading experience, to maximize profits while minimizing losses dubbed “Advanced Bottom Technology”. Now, that simple strategy is called “buy bikini bottoms”, that of ONLY buying coins at its near absolute bottom prices.
Here is an example. If you bought a coin at the bottom around $1 and it goes to $10, you make 10X profits. However, if you bought the coin on the way up such as $2, your profits go down half. If you bought the coin at $5, you would only make 2X profits instead of 10X. This is why you never want to chase a coin, no matter how good it is or how many crypto-experts tell you to buy it.
While people have praised coins like NEO in the last month or so(as of this writing), if I had bought NEO during its hype stage when everyone was literally raving about it at the ATH(All-Time-High), I would have lost 25% of my money as of today. Instead, I bought coins like SYNX at bottom and made easy 2X gains since I bought at the bottom. To really get the most profits out of NEO, you should have bought NEO at under a dollar way or perhaps in the next bottom prices. Don’t ever chase a coin no matter how good it is as that is how you maximize your losses and minimize profits.
A good coin that has many features and hyped up may go up a lot in the future and certainly may be great investment. However, to make the most profits, you may want to go with a coin that is nearing its bottom prices. It really doesn’t matter which coin you buy but the most important point is that you buy near bottom prices. With that said, how do you identify coins at near bottom prices?
First, you will want to do some research on coins that have been dropping a lot (more than 50%) for the last few months. Find a coin that has been tanking like crazy and seems like on a never-ending downtrend.
Second, keep checking these downtrend coins daily until you see the coin stabilizing to a price or maybe even making a sharp reversal(forming a “v”). Now, compare that price to its previous bottoms. Many times, a coin will hit the same bottom price as its previous bottom and it may have hit bottom. A lot of times, many of the coins on Top 100 of CoinMarketCap.com will hit the same bottoms. For example, XVG hit its last bottom prices around August 15th 2017 and catapulted back up to near its previous ATH prices. Now, that bottom point coincides with its prices around end of May. If you look at many other coins on the market, you will see that they also hit bottom prices that coincide with prices around middle of May. Of course, not all coins will follow the same bottom prices but a lot of coins will follow the same trend. The key is here to find coins that are still near bottom prices and have not spiked up like XVG.
Third, Bitcoin fluctuations play a big part in many of the top 100 coins, meaning even if a coin finds a new bottom, a dip in Bitcoin prices can a coin find a newer bottom as it is affected highly with Bitcoin dips. Now, one of the best ways to identify bottoms is to find coins that are a very low prices but do not dip much while Bitcoin dips. This is a sure sign that the price of the coin cannot go any lower.
As an example, last week Dogecoin has been dropping to its ATB(All-Time-Bottom) prices of near 18-19 satoshis. I kept a close watch on Dogecoin as I thought it was nearing the bottom. After a few days, Bitcoin dipped a lot while Dogecoin stayed around 20-21 satoshis. This was a sure sign that Dogecoin had found bottom and I bought a lot of Dogecoin around 22 satoshis and sure enough, Dogecoin went up to 30 satoshis the next day for a nice 30% profit and still counting.
Just remember, when a coin drops too low “to be true”, it may have hit bottom. Also, when you buy coins at bottom, it is easier to HODL through the dips and maximize your profits by selling at the top. On the other hand, if you chase a coin AFTER it breaks out, you instantly lose out on near 2-5X profits because you didn’t buy at the absolute bottom.
Best of all, if you buy at absolute bottom prices and you did your research, you won’t lose much even if the coin keeps going down, perhaps 10% losses in most cases while your winning will be easily 50% or more. Trading is not about winning big by trading one coin but it is about minimizing your losses while maximizing your profits. I believe anyone can easily maximize their profits by only buying bottoms.
Here are some coins I made easy 2-3X gains using this Advanced Bottom Technology in the last month:
SYNX - Made 2X gains twice plus another 2X gain, bought at the bottoms.
SIB - Made 2X gains, bought at bottom.
DGB - Made 3X gains, bought at the bottom.
CLOAK - Made 2X gains, bought at bottom.
When to take profits? A lot of times, if you buy at absolute bottom prices, price will come back up within a few days, sometimes it make take a week. But most bottom prices don’t stay long for too long as many people start realizing it is at the bottom and start buying in. Using this strategy, I would start taking some profits at 50% gains or higher. Or if you think the coin will go even higher, sell half at 2X gains so you can recoup your original investment and play with your winnings. In fact, put that original investment back into another bottom. Rinse & repeat this process until you keep profiting and become an excellent bottom feeder.
I have gotten very good feedback users in my community and many have benefitted from applying the bottom trading strategy and making money. I highly suggest you to try it if you have been losing money in crypto-trading and don’t forget to let me know if this method helps you!
Best, Max Lee