ETHOS (BQXBTC) on Binance, has huge potential. This is an altcoin that I have never traded before and I am looking at it for the first time now. I received several requests from our supporters, so let’s take a look.
Here is the weekly chart for ETHOS (BQXBTC):
- The first thing I noticed is that BQXBTC just got out of a massive downtrend and found support around 0.00004324 btc. Now, how do I know this level will hold and BQXBTC won’t continue to go down? Good question…
- After months of strong decline, the last four candles that closed all stopped at the same low or higher (higher lows). A hammer candlestick formed, huge increase in green volume and the indicators giving buy signals and marking oversold.
- The MACD is about to have a bullish crossover and curving up. We have bullish divergence on the shorter time frames.
- These are enough signals for me, but there is much more to look at if you analyse shorter time frames.
- Let’s leave it here for now… Let’s move to our trade!
Trade instructions by Alan Masters Trades
Buy in: 0.0000513 – 0.0000555
Avg buy in: 0.0000530
This is the price range you can use to buy into this trade. Use this price to buy this coin/token/altcoin.
Targets for ETHOS by Alan Masters:
(1) 0.0000651 – Target hit 14-Oct.
(2) 0.0000731 – Target hit 21-Oct. (+38%)
(12)0.000898 (All time high)
These are the prices at which we sell for profits. Here we collect the money.
Not all targets are meant to be reached, these are there for reference only. Feel free to sell when you feel confortable with your earnings, collect, be grateful and move on.
Stop loss: Close weekly below 0.0000469. (Updated 14-Oct.)
If the trade goes wrong and price starts to go down, we use this stop loss. Here we stop our trade at a loss if things don’t go our way.
Note: We don’t close a trade just by hitting the price above, but only if the weekly candle closes below this price. Anything other than this and our trade remains active.
Capital allocation: <10%.
We split our capital into several different trades. Diversification is a good way to reduce risk.
Strong altcoins/projects allow for bigger capital allocation, while smaller/riskier ones allow for less.
We focus mainly on big capital for big market cap. coins and low capital for small cap. coins.
Here is our capital allocation strategy:
- We use 5-10% of our capital per trade for strong altcoins, such as Ethereum, Bitcoin Cash, Litecoin, Cardano, etc.
- We use 2-5% for general altcoins.
- We use 0.5-2% for small cap. altcoins.
THE 5 MINUTES MEDITATION: PEACE & RELAXATION
Here is a five minutes meditation, for peace and relaxation.
It doesn’t get any easier than this, if you want to relax before you go to sleep.
Sit down, feel free… Soon you will start to breath.
But yet it is very easy. This can help you sleep.
As you sit down and let go of your body; your whole body relaxed and calmed.
You start to breath deeply… breath deeply through your nose.
There is nothing else you need to do, other than breath as much as you should.
Breath in, breath out… For as long as you can stay…
Breath in sitting down… Through your mouth you exhale.
Breath in and out again… this is the meditation, this is the game.
P.S. You deserve these 5 minutes for yourself.
You don’t have to do anything, nor think of anything… It is relaxation for the mind and soul.
These are your 5 minutes, so do this everyday… Before you eat, before you sleep and, of course, before you trade.