Crypto traders - GPT coin heads up
Last Update: Mar 16, 2023
Just a quick heads up. CryptoGPT launches today (see below). I'm just checking it out now. Often when an exchange lists a new coin it increases in value pretty quickly - not always of course. This one would be a quick in and a quick out for me. Buy today and put a sell order in tomorrow. Do your own research and DON'T dip your feet in the water unless you know what you're doing. Never put money in you can't afford to lose regarding crypto - you could lose the lot in a split second.
I'm just doing my analysis now and it may be too late to jump on board as I don't have an account with Huobi. Either way, it will be interesting to find out how it does.
If Kraken or Binance listed it I would jump in for sure. Until I complete my research I won't know which way to go so you need to check it yourself.
I Gotta dash - analysis to be done. I think it will likely be a pump and dump which is why you need a quick exit - very quick.
Hi Dee. Today I didn't do a trade. Nothing grabbed my attention and most alts were down. The top performer gained 37% in 24 hours but the trading volume halved. Pump and dump for sure so I didn't even bother looking for it.
BTC is currently on 28K (at the time of typing). I hope it drops overnight and alts will pump. If so I'll do a quick trade and cash in around 24 hours later. If BTC ends the week above 28K then 30K is next on the cards. If I can do a quick scalp before then I'll trade back to BTC or USD depending on the market. If all my metrics line up I'll do around a 10K trade and take the profit. I'll put the stop loss at 4-5% to limit any real loss.
A trailing sell order will ensure I sell at the top price. 20 minutes on the computer and I can forget about it and get on with my day.
Interesting stuff Paul, being old school myself I can't say I trust this crypto currency very much!
But... there does seem to be a lot profit involved if one really knows what they are doing!
I prefer to see my cash though!!
Crypto is manipulated by whales. Look at the sell wall which gives you an indication of when this might be on the cards. You never know when they might strike. If BTC ever drops to 7K again buy buy buy.
Crypto is cash Jessie - I can transfer profit to my bank account by pressing a few buttons on my computer. You can also transfer it to a Mastercard and spend it at will. Shhhh - don't tell the taxman!
But what isn't manipulated by whales these days Paul??
Not a lot would be my bet!!
I prefer my cash in properties and I never tell the taxman anything other than I am completely broke my friend!!
Appreciate the info though buddy! :-)
"I prefer my cash in properties and I never tell the taxman anything other than I am completely broke my friend"
Be careful my friend - the taxman can be a sly old fox!
Good night - sleep well. I'm off to bed now zzzzz
He can indeed buddy, but so am I!!
I need to hit the hay as well my friend... sleep well!!
Hi Paul…very interesting indeed. I was just watching a program exposing rug pulling. I am leery of crypto but I guess there’s lots to learn and profits can be made. You sound knowledgeable. But the mom in me says be careful.
Hi Susan. Yes, you have to be careful. I lost money when I first started trading - most people do. I just used simple things like the 100-hour SMA and supports and resistance. Fibonacci is also a good one as much trading is done by bots who are programmed to follow these indicators. My analysis now goes much deeper and when a number of indications match it's time to buy. You won't win every trade but 7 or 8 out of 10 can be done quite easily.
Interesting post and even more interesting trade.
Thanks for sharing with us.
I hope you weren't completely convinced by that one failed trade.
Knowing how persistent you are in achieving good results, I have no doubt that you will be blown away by the very next trade. Thus making up for the current loss of $$$.
Of course, I look forward to your next post and positive results, good luck.
I wish you success and good trading, best regards,
Thank you Slavka. It was my own fault for not acting sooner. The coin has gone up alone by 43% today. 10K would have made me £4400 as it shot up a little higher. I'm not too upset about it as they'll be another good trading pair within a very short period. I'll make it back very soon. If anyone in WA did buy the coin when I posted the blog they will have made good money on the tip. With a rolling sell in place, they would be safe to just let it roll putting in a 3% stop loss at this point. If not I would sell it now in case it is a pump and dump. Put it in Tether and buy it back if an exchange like Kraken lists it. You couldn't go far wrong.
Enjoy your evening.
Thanks for all this information.
Very interesting way of earning/trading.
I look forward to your next post. Until then, I wish you success and good earnings.
Many greetings to you, Slavka 👋
Thanks, Slavka. I'll put my next decent trade on as soon as I do it - people can see for themselves if it makes a quick profit. I'll have a look in the morning and see what the market is up to. BTC is $4 off $25,000 as I type. This is a major resistance and it's the second attempt to break 26K today. If it does 27K is looming although that's just a guess as I'm too tired to dig in tonight.
I'm going to bed now.
Many greetings to you.
Hi Paul…I’m from the old school and do not trust Crypto. However, thank you for the advice.
Hi Mike. It's my pleasure. You do need to be careful when trading - always have a stop loss in place and put your crypto in your own cold storage wallet (don't leave it in on an exchange) and be in control of your own keys. If not you may fall victim to another FTX!
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Only if you know what you are doing buy Everipeadia IQ now - date April 1st 10-35 UK time. 4% stop loss and the same with the rolling sell order.
This is not investment advice and you could lose 4% of your stake. If you can't put in a rolling sell order cash out at 20% profit - it may go higher this weekend. Bet you it does! Check the charts yourself and see.
EDIT - DON'T BUY IT NOW. It was a very small pump then dropped off the radar. Rose by nearly 5% in the last 24 hours so not massive but still a gain. 5% every day soon adds up!