How to Invest in Cryptocurrency?

Disclaimer:

This article provides my sole experience investing in cryptocurrency. In most familiar term, we call it Bitcoin. This is not a
financial advice, nor I am specialized in market Technical Analysis. After reading the article I suggest to further seek
financial gurus for deeper understanding on how to invest.

Content:

A. Introduction
B. Basic understanding of Bitcoin
a. What are exchanges for Bitcoin (BTC)
1. Coins.ph
2. Binance
3. Other exchanges
b. What are trading indicators
c. Institutional Traders vs Retailers
B. Multiple ways to invest Cryptocurrency
1. Binance Exchange
2. Doing your own Technical Analysis (TA)
3. Follow trading signals in either paid or unpaid channels (the easiest way)

A. Introduction

We always hear the delightful story of bitcoin’s flowering history of price explosion. Sometimes, we hear
a very colorful story from the internet who invested in 2017 and became a millionaire in a very short period.
However, the argument does not follow that buying BTC at this very moment is necessary and would be the best
decision you might have. This stories that have been repeatedly told are persuasive enough that made thousands
of investors broke. You might be one of those who have a crazy thought that we are left behind by the train
towards the paradise of richness. Then you are WRONG! Wealth comes from learning. At the end of these lessons,
the reader will appreciate that “knowledge is the key to richness.”

The best argument I can give why this is the best investment, is not of its aggressive price actions, but
because of compounding interest. The edge of this investment is that, we cut the cost of expenses and time to
compound your asset (assets are increasing by 20-50% on the mid-term trade, and 1000-more% in long-term
trade). And there is no other easy way to compound your profit than in cryptocurrency. Further, this guide
provides a strategy on how to invest with risk management.

B. Basic Understanding of Bitcoin:

Nature:
a. Bitcoin and Alternative coins:
Aside from bitcoin, there are thousands of non-bitcoin coins available in the world. The most famous
is bitcoin (BTC), then followed by Ethereum, and other alternative coins. Click the link here
https://www.coinmarketcap.com to review other alternative coins and their projects.

Alternative coins have its own value (either in BTC, ETH, or USD, PHP, JPY, and etc.) which history tells
us the relevance of decentralize system towards the evolving modern society. The demand of each
 coin simply implies the usefulness and its bearing in technological age. These projects are the cradle
of our future. We simply take part in this evolving sphere until the adoption of this technology.

Bitcoin has been used as a medium of exchange for alternative coin. For instance, if you want to buy
TRX (Tronix) worth 0.00000730 BTC in Binance, you have to deposit first some BTC worth more than
$10 in your account. Bitcoin has been used by most exchanges to make trading possible. This means
that alternative coin’s value are affected by the price movements of BTC. For instance, when BTC’s
market capital and value are gradually decreasing, it shows a symmetrical action of alternative coins.
But this is not always the case. But this not always the case, Alts like BNB, Binance Coin, sometimes
not following the movement of BTC.

b. What are exchanges for BTC?

1. Coins.ph
https://coins.ph/invite/3ankut
Register and process for verification at least level 3.
This is the best place to buy BTC in the Philippines through Seven Eleven, Cebuana,
MLhuillier, and banking services.

*By using your account, buy BTC on the confirmed support level according to the financial experts, follow guide
on section C.

2. Binance:

*After you buy BTC, deposit it to your Binance wallet address (ex. or scan QR code). To deposit BTC in this
exchange, follow instruction on section B.

c. What are investment indicators?

The price action of a commodity is affected by the desire and need of person’s demand against the current
supply. However, Bitcoin has a limited supply over the growing demand of the investors. A common familiar mistake of
people who invested in crypto is the bias they have in the rising price action from 2014 up to December 2017 event
where the prices rises from 50,000.00 php up to 1 million on December 17, 2017. However, the recent price action at
the time of writing has gradually decreasing and becoming riskier than the previous years. The chart shows a gradual
decrease of volumes and Fibonacci Retracements of best support and resistance to give us the best confluence to decide
when to buy at lowest prices and sell at a decent profit. Twitter, telegram and tradingview provides a reasonable
perspective from experts. The question ‘when to buy bitcoin?’ is not my task here, but to introduce to you the best tools
and research materials to start your own part-time or full-time investments in cryptocurrency. Further, this will let you
manage and identify risk when buying and selling your assets.

d. Institutional Traders vs Retailers.

It is important to consider how big movements of prices related to institutional traders. Take note that it is
important to identify the psychology of their trading strategy. Big people needed a large quantity of commodity. Their
most basic strategy in investing is to buy at lowest price and sell at the highest price for profit. This is sad but, the reality
is, they create buyers and sellers. The retailers are subdued by manipulated price actions, making people to fear of
missing out (FOMO) at the rocket show of bitcoins price, then jump in to buy bitcoin at prices (which is high enough for
Institutional trader to sell) where they think will push further. I believe that retailers now have become anxious after
buying bitcoin at 800,000.00- 1,000,000.00 php. They might think to wait until the price came back and break-even.

C. Multiple ways on how to invest in cryptocurrency:

1. Binance Exchange:

Step 1:
Register to https://www.binance.com/?ref=25701197
Step 2:
After you successfully registered to the exchange I recommend you download Binance app for easier
navigation for trading.
Step 3:
Deposit BTC to your account
Step 4:
Don’t be a dumb ass to buy what you want and think that it will be bullish all the time.
Remember the basic principle, buy when it is low, and sell in profit.
Trading Sample:
BNB/BTC

The current price of 1 BNB is 0.0024623 BTC. Last May its price is only 0.0015561
BTC. Which provides a good entry and Sell on resistance levels. But, with good
trading signals, it is very easy to compound your whole portfolio even 5,000%.
A percentage on how
much you want to invest
from your total asset.

The succeeding procedures will help you identify your targets for buying and selling.
2. Doing your own Technical Analysis (TA):

*I acknowledged CryptoCred’s free educational technical analysis series as the finest video sessions.
Press Ctrl + Click to follow link.

CryptoCred Technical Analysis Lessons

Neither these presentations, nor anything on my Twitter, Telegram, or any other medium/mode of
communication, including private correspondence, constitute financial advice.
I am not a financial advisor and hold no formal qualifications in this area.
Trade entirely at your own risk.
This is for entertainment purposes only.

Lesson 1: Risk Management

Lesson 2: Institutional Order Flow
Lesson 3: Drawing Trendlines
Lesson 4: Advanced Support and Resistance Concepts
Lesson 5: Drawing Horizontal Support and Resistance Levels
Lesson 6: Fibonacci
Lesson 7: Relative Strength Index (RSI)
Lesson 8: Ichimoku Cloud
Video: My TradingView Setup
Article: 5 Useful TradingView Tricks
Article:Top 5 Technical Analysis Mistakes Beginners Make
Article: My Top 3 Favourite Indicators for Technical Analysis of Cryptocurrencies
Article: 5 Traits New Traders Should Embrace
IPBC/BitTube Version of Video Lessons

3. Follow trading signals in either paid or unpaid channels (the easiest way):

Most investors prefer to rely on blind calls from experts and reliable sources on what coin to buy. You
can use this guide, but I encourage you to have some time to review the lessons posted above for better
preferences to decrease your own risk.

Smartphones either IOS or Android provides investors a way to communicate other investors in
convenient way to share their analysis and charts. I tried using strategy script with backtest that tells you when
to buy and sell BTC with leverage. Again, I do not recommend you to trade with leverage because it is very risky
(unless you are Einstein).

Step 1:
Download Telegram app in all platform.
Step 2:
Open telegram then register.
Step 3:
Search for a good channel for trading signals in exchanges
Ex:
a. https://t.me/Crypto_Analysis_News
We provide FREE Trading Analysis (TA), News and Strategies for all
Cryptocurrencies.
CHAT (EN): @CryptoVinceMembersChat
CHAT (ITA): @CryptoVinceChatIta
COLLAB: @CryptoVinceCollaborations
 PREMIUM: @CryptoVince_Bot
Founder: @CryptoVince

b. https://t.me/binance_premium_signals
0.01000000 BTC/month
Best trading crypto signals telegram,
Leverage Trading Signals, (NOT RECOMMENDED)
Binance Trading Signals,
Bittrex, KuCoin, huobi, Bitmex,

You can see all details here in the FREE channel.

Premium Pick: @digiwhale

c. Do your own research (DYOR). There are tons of channels in the internet and
telegram. If you can afford for premium versions, please BEWARE from SCAMMERS.
Some free versions can only provide you blind calls without any explanations about
the coin. Make the given target selling points as your guideline to understand how
the market works.

4. Tradingview Strategy Scripts:

Step 1:
Register to https://www.tradingview.com/ and open a chart of BTCUSD bitfinex exchange

Click and search for

‘BTCUSD’ and find
‘Bitfinex’ at the right
side
 Step 2:

Add indicators for best confluence. Free version only allows you to add three (3) indicators.

1. Click here
3. Click here

2. Paste

Copy this and paste it in your Pine Editor:

//@version=3
study(title="MA+BB v3", shorttitle="MA+BB v3", overlay=true)
src = input(title="Source", type=source, defval=ohlc4)

trigger_color = #00FF00
ma1_color = #FF0000
ma2_color = #0000FF
ma3_color = #FF00FF
ma4_color = #800080
ma5_color = #FFFFFF

select_MA = input(title="Moving Average", defval="SMMA", options=["EMA", "SMA", "RMA", "WMA",

"VWMA", "SMMA"])

trigger_p=input(12, title="Trigger", type=integer)

ma1_p=input(21, title="MA 1", type=integer)
ma2_p=input(55, title="MA 2", type=integer)
ma3_p=input(144, title="MA 3", type=integer)
ma4_p=input(233, title="MA 4", type=integer)
ma5_p=input(377, title="MA 5", type=integer)

trigger_valid = trigger_p > 0

ma1_valid = ma1_p > 0
ma2_valid = ma2_p > 0
ma3_valid = ma3_p > 0
ma4_valid = ma4_p > 0
ma5_valid = ma5_p > 0

smma(src, len) =>

res = 0.0
res := (nz(res[1], src) * (len - 1) + src) / len

ma(x, y) =>
if select_MA == "RMA"
rma(x, y)
else
if select_MA == "SMA"
sma(x, y)
else
if select_MA == "EMA"
ema(x, y)
else
if select_MA == "WMA"
wma(x, y)
else
if select_MA == "VWMA"
vwma(x, y)
else
if select_MA == "SMMA"
smma(x, y)

trigger = trigger_valid ? ma(src, trigger_p) : na

ma1 = ma1_valid ? ma(src, ma1_p) : na
ma2 = ma2_valid ? ma(src, ma2_p) : na
ma3 = ma3_valid ? ma(src, ma3_p) : na
ma4 = ma4_valid ? ma(src, ma4_p) : na
ma5 = ma5_valid ? ma(src, ma5_p) : na

plot(trigger_valid ? trigger : na, color = trigger_color, title = "trigger", linewidth = 2)

plot(ma1_valid ? ma1 : na, color = ma1_color, title = "MA 1",linewidth = 2)
plot(ma2_valid ? ma2 : na, color = ma2_color, title = "MA 2",linewidth = 2)
plot(ma3_valid ? ma3 : na, color = ma3_color, title = "MA 3",linewidth = 2)
plot(ma4_valid ? ma4 : na, color = ma4_color, title = "MA 4",linewidth = 2)
plot(ma5_valid ? ma5 : na, color = ma5_color, title = "MA 5",linewidth = 2)

plot(cross(trigger, ma1) ? trigger : na, color = white, title = "Cross", style = cross, linewidth = 4)

showBB = input(title="Show Bollinger Bands?", type=bool, defval=true)

length = input(21, minval=1, title="BB Length")

mult = input(2.0, minval=0.001, maxval=50, title="StdDev")
offset = input(0, title="Offset")

basis = sma(src, length)

dev = mult * stdev(src, length)
 upper = showBB ? (basis + dev) : na
lower = showBB ? (basis - dev) : na

upper_band = plot(upper, transp=0, color=aqua, offset=offset, title="Upper Band")

lower_band = plot(lower, transp=0, color=aqua, offset=offset, title="Lower Band")

plot(showBB? basis: na, transp=0, color=orange, title="Basis")

fill(upper_band, lower_band, color=teal, transp=95, title="Background")

https://www.tradingview.com/script/GawZ0OUk-EdgeAnalysisGroup-Yume-Wave/

This is helpful in identifying when to buy a certain price of an alternative coin and sell at a decent price.
Another tip, you may use other indicators as well. DYOR

In summary…

When we look at our charts, and we trace our trend lines and Fibonacci levels, analyze the MACD and RSI,
see what volume is telling us, identify channels or chart patterns… it is easy to get fooled into thinking that
technical analysis is a precise science, with highly predictable results. Nothing could be further from the
truth.

Technical Analysis serves to give traders information that will lead to a higher probability of a successful
trade. Nothing more, nothing less. It is not a science. In fact, it is closer to an art form than it is a precise
scientific or mathematical measure. A sculptor sees a statue where others see a huge slab of clay. Good
technical analysts see an inverse head and shoulders pattern or an Elliot Wave and ABC correction where
others see only jagged lines.

TA attempts to predict the behavior of a large group of people (buyers and sellers), based on the decisions
that a similarly large group of people made in a similar situation some time ago. And when you try to
predict the behavior of large groups, it often doesn’t work out as planned. People can be irrational, and
markets can be manipulated.

This is why it is so difficult to accurately predict precise bottoms and tops in market cycles. Even the best TA
isn’t a guarantee of what might happen. And this is why it is important to not try to time market bottoms
and tops. It is a fool’s errand, very few do it, and when they do its largely a matter of luck.

Trading in crypto (or any market) is NOT a contest to see who can nail the call at the bottom and cash out at
the very top. Those are unrealistic expectations. Instead, use your TA to try to capture most of the trend.
This means not buying immediately on a breakout, or hanging on to a trade too long expecting a tend
extension. Focus your efforts on entering once the trend is confirmed, and know a reasonably achievable
sell target before you buy. When your target is reached, sell and be happy with your profits. Stop trying to
hit the bottom and top, but instead focus on the “middle” 80% of a trade. If you miss 10% on the bottom
and 10% off the top, you’re still doing great!

Nobody entered crypto markets to be the best at timing tops or bottoms in market cycles. We came to
make consistently profitable trades. Aiming for the lowest and highest points on a chart is likely to leave
you frustrated and rekt. Stop chasing moonshots on every trade. Not everything is going to be a 10x trade.
Have realistic expectations and don’t make it harder than it needs to be. Stacking profitable trades one
after another will pay off better than aiming for the moon.

Take the easy profits, re-balance your portfolio to the proper allocations, and make taking profits a habit.

-Green

(@cryptovince)

Thank you for reading! Please !!!

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