How Crypto Trader Got 500x Gains With A Simple Strategy

We all want to find new crypto projects that bring incredible profits – but how? Here we look at the token metrics for recently listed coins and how to search for a particular price movement after listing.

A thread by well-known trader @MacnBTC has been popular on Twitter. The thread explains in detail his strategy for finding lesser-known coins before they begin their bullish cycles and yield gains of at least 100x.

Newly minted coins

The first step to finding coins that offer such massive gains is to look at cryptos that have recently been listed on Binance. There are three main reasons for this:

  1. Recently listed coins have fresh charts. So there is no overhead resistance when they break out above the original listing price.
  2. Newly listed coins often have earned unlock plans. This means that, at least for the first few months of trading, early investors still have their tokens locked up, which in turn reduces the circulating supply.
  3. New narratives can easily be created with newly listed coins, which then greatly aid in the subsequent price increase.

So, the first step to choosing a crypto project that will be hundredfold is to look for recently listed coins.

Crypto token calculations

The second step in finding such winners is an analysis of token calculations, which in these cases consists of:

  1. Seed/Private Round Unlock Plan
    • As outlined in the first part, coins with locked earning plans usually produce significant increases due to the lack of selling pressure. This was especially visible in GMTsince all the coins in the seed/private rounds, advisors and teams were locked for almost a year.
  2. Price per token during seed/private rounds
    • A large difference between the price at the initial seeding rounds and the listing price is a negative phenomenon, especially if a significant part of the offer is unlocked. The reason for this is that if the listing price is several times higher than the price of the early seed rounds and investors get tokens unlocked, it is likely that they will realize their gains and provide selling pressure.
  3. Investors/advisors/team
    • Finally, the team behind the project and investors also play a significant role in the future price movement. It is always desirable to invest in projects that have other investors who are known to be long-term owners.

Map readings

Finally, the price movement after the listing is extremely important. Ideally, the chart should have

  • A gradual choppy decline after listing
  • Bullish crosses into short-term moving averages (MAs) shortly thereafter

Both of these were visible in MATIC. After the IPO, MATIC fell for a period of approximately 20 hours. Then the price initiated a massive rally when the short (red) and long-term (black) MAs made a bullish cross (green icon).

Since there is no resistance overhead when the quote price is clear, Fibonacci levels are used to determine future resistance levels.

In the case of MATIC, the 4.61 Fib extension of the initial up move predicted the subsequent top almost perfectly. Therefore, it could have been used as an ideal measure of profit for the first part of the upward movement.

For Be[in]Crypto’s latest Bitcoin (BTC) analysis, click here

Disclaimer

All information on our website is published in good faith and for general information purposes only. Any action the reader takes on the information contained on our website is strictly at their own risk.

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