LET ME FIRST NOTE THAT THIS IS A POTENTIALLY HIGH IMPACT, VERY SHORT TERM TRADE INTENDED, WHICH IN TURN MEANS IT IS ALSO A RISKY TRADE.
DON'T LOSE YOUR SHORTS ON THIS ONE! KEEP A VERY CLOSE EYE ON IT AND PROTECT ANY PROFITS!!!!
UPDATES AT THE BOTTOM OF POST.
Like many of you, I was caught by surprise when some of my alt coins fell off a cliff!
I took a big hit yesterday, and worked some quick market moves all night to regain my losses.
I regained 80% of losses last night, and have regained the rest since this morning!
Now it's time for profits! I noticed a very interesting thing that is going to happen today in approximately 3 hours from this moment.
SpreadCoin ( SPR ) fell off a cliff yesterday, BAD. It fell to it's Pre-June Prices.
So what's the big deal? Well....I trade on Bittrex mostly, and on Bittrex SPR is the 7th highest in volume and shows the highest loss percentage at over 52%. That means it's sitting right there on the front page, where so many people see it and look for the hot coins to jump on board. However, with 52% loss, the majority of people don't see that as a buying opportunity, but rather a sign to stay away. What if it said 100% GAIN? It's about to.
At exactly 3:15pm CST, SPR should be 7th in trade volume and swap 52% loss for 100% gain on the Bittrex front page.
That time is highlighted by my mouse in the picture above. Bittrex keeps a constantly refreshing 24hr cycle for their front page numbers. What that means is that at exactly 3:15pm CST today, SPR will have a 24hr low of $0.52 or BTC 0.00010736 and a 24hr high of $1.29 or BTC 0.00026441 . Technically, it should swap the 52% Loss showing on the front page to OVER 100% GAIN on the front page with very high volume.
Of course, that's just a technique I'm putting into play, but it's partially how I regained all my losses, watching those types of trends during a big fallout....AND ELLIOT WAVES!!!!
Just so happens that SPR should be beginning it's 5th and most extended wave at precisely that time, give or take up to an hour for safe investing. My estimation is that the price will soar temporarily while many coins have not had that luck so far after their deep dives.
I got out just now, at Wave 3 Top, and am laddering back into the Wave 4 correction RIGHT NOW!!!!!
If it returns to form, it could be a HUGE opportunity for those who lost big yesterday to correct that loss into PROFITS!!!!
I'll be right there beside you, all in for the push up! Protect your profits on the rise! Happy Trading!
UPDATE: Proof of Skin in the Game! Remember, I lay so many ladders to look for that quick bounce back to gather profits from.
UPDATE 2: Prices are holding for now, we wait. I will be buying back in if the ladders don't fill and prices hold up until the 3:15 CST. I do believe the sentiment will be strong at that time if all shows on Bittrex as I said above.
Update 3: Spreadcoin is now 3rd in Volume on Bittrex. That's good news. Watch for cliffs, but all is looking good to this point.
Update 4: Keep your ladder for a long position, for this trade I am exiting my ladder to buy in more heavily. Prices are moving in the right direction, still 35 minutes and counting down. I will update as soon as I see any change, but please watch the market yourself!
Update 5: Order Book is currently favoring the buyers....17 minutes to go!
UPDATE 6: HEADS UP! Time is moving quickly and momentum is turning down. Sell if you're satisfied! Stick it out with me if you want to see what the flip on Bittrex does for the price!
Update7: Here comes the moment! Will the theory be a success? To all those involved, if this trade helps you, consider throwing a bone my way. GOOD LUCK ALL!!!
Update 8: Keep holding.....slowly changing the 24hr listings
-Update 9: I'll be the first to admit, my top bottom price was incorrect for their listing!!! They are showing the current price change in reference to the 24hr high, they are not displaying the 24hr change AS IT SAYSSSS!!!! Get your profits from the ladder and get to safety. Thanks to everyone who participated! I pulled a quick couple hundred out of that small rise, but it's too bad it did not sky rocket.....I am still in with some value, just fyi.
-Update 10: Yep, another one. strong books for buyers, I will be in with $1000 for the short bounce again! I hope this little trial helped you regain some losses, if you're freaking out right now, just be patient, prices will fluctuate, just insure a stop loss at your max loss you can allow. HAPPY TRADING!
Last update I promise: That percentage change seems to have no relation to any of the numbers posted on the front page! Haha.....now it says 10% gain and the numbers haven't changed. Maybe it's extremely delayed to post the correct change.....I will try to figure that out and keep tracking this for future possibilities in quick day trades! Thanks for the support!
Update: I lied, here's another update, it seems their system very slowly registers the change in %, so we are 30 minutes late, but the percent gain is rising now! ***I see the error, the 100% change should post at around 11:20pm CST tonight, when the bottom price was hit, not when the price plummeted the first cliff. That is, if it doesn't reach another low before then.