Hi Hiveians and Leofinance community! Follow me on my journey to trade my approximately $500 worth of cryptocurrency to become 1BTC.
This challenge will be my trading journal in all of my trading activity in binance exchange. For introduction, this $500 worth of crypto come from my Steem account when I realize that Hive has more promising innovation than steem. So, I power down my steem power and transfer some into hive power.
Then I realize that instead of transferring all of my SP into HP. Why not trade some for fun? Quite a gambler yeh?
I was on the verge of thinking on what can I contribute to Hive community. What should I write? What should I share that some members would be inspire or some would learn on either my st*pidity or my experience.
Then boom! Here comes the gambling idea of trading my $500 worth of crypto until I reach 1BTC target.
I hope this journey and st*pidity will help someone here on hive. So, without further ado, here's my 1st trade for this challenge.
Buying BTC to LINA.
As you all can see in the chart. The price is consolidating on 0.00000288 and 0.00000212. Then I think because the following candle on the failed breakout with volume is a strong greeen candle. I assume that this will be the start of the rally or the uptrend moves in this coin.
I bought LINA in 0.00000261 level. As you can see on this picture:
I believe that after the big breakout with a massive volume would start an upward momentum and trend on this coin.
Yeah. So that's it. My first explanation on my trade and why did I trade it. Some of you may think, why LINA? Because the big wave is not showing on it. We want to be early before the big wave comes right? And we don't want to be too early on the party. So I wait until the breakout with volume shows.
But yeah the breakout is invalidated but followed up by a green candle. So I believe the trend is started.
Let's see tomorrow and follow my trade and journey to 1BTC challenge.
Happy investing!