So, let's recap 2013:

1. Bitcoin goes through mania in 2013. Appreciates from just $15 all the way to $1100 (approx)

2. The vast majority of the price gain comes in the 1-2 months before the ATH.

3. There's a tremendous blow-off and the price draws down 65%.

4. This 65% point serves as the long-term support for a few months. This stood at the $380-$450 range.

5. Eventually the support broke in December 2014. Price falls all the way down to $150-ish. This is a total retrace of 85%, which is steep.

6. The price stays below the long term support of $400 for the next 10-11 ish months (until December 2015).

7. Once the price does break through the long-term support (which became resistance since the price was beneath it), Bitcoin never saw south of $400 again.

8. Price continued to appreciate until the next ATH in December 2017.

New Announcement: Altcoinalerts (altcoinalerts.io), will be launching their bot in the Discord officially later today!

Make sure that you drop by to see the progress of the altcoinalert bot and join their website to get more information on what it does and doensn't do.

This is a pretty solid update that I'm excited to announce to you all.

Actually, just turned this into an article - you can check that out here: http://telegra.ph/How-to-Hedge-Effectively-With-an-Example-07-26

Spread the word that we're back up and running. We'll never stop.

I've said it before, but I'll say it again:

Trade management is something that ANY and EVERY successful trader must learn and perform at some point in time.

Otherwise, you'll never be successful at trading. At least not for any prolonged or sustained periods of time.

Sure, you may be able to 'call' some good picks, but if you aren't managing the picks properly, you won't actualize the profits that you would have otherwise had, and you'll end up either making less than you could have had or maybe even leaving with a loss in some cases.

Trade Management Includes:

1. Actually having a strategy before entering the trade (i.e., if price goes below/above this point I'm selling, I'm going to take 20% of profits if it goes here, if $BTC does ___, then I'll ___).

2. Outlining where you expect the price to end up at and what your plan is when it gets there. Don't be another trader that makes a good trade and then when you see the price of the coin go up, you start panicking because you have no clue when you should sell and you don't want to risk losing more profits by pulling out too early, but you don't want to stay in too long and then get screwed.

3. (When applicable), consider opening up a long/short that's on the opposite side of your trade to hedge (i.e., if you're long, open up a small-ish short position to hedge you a little).

4. Take profits at some point if your really doing well in the trade.

5. Determine whether its more prudent for you to sit back and patiently wait for the price action to do what you expect or if it appears that you were "wrong".

6. Avoid trading off of emotion. Did your girlfriend/boyfriend just call you and tell you they've been cheating on you for the last 4 months? That sucks. Probably not the best time to start running through charts and making major decisions.

7. Examine the impact to your overall portfolio.

Not sure if you all have been following the $BNB trade that I mentioned several days/couple weeks ago, but it's killing it at the moment.

Posted in this article (originally) on July 23rd. http://telegra.ph/BNB-Price-Analysis-07-23

This is why I keep telling people, it's a bad move to leave this chat.

I'm just giving away solid leads that are resulting in profits.

Can't say that there's anything that's really gone left, trading-wise, for any of the calls or articles that have been published or shared in this chat, Discord or Twiter for several weeks now.

We started off at 159k sats.

20%+ and running. That's fair :)

If you were smart enough to make this trade and you notice that your profits are still running, refer to this article that I wrote a little while to help conjure some ideas of how you'll mange this trade.

https://medium.com/zerononcense/how-to-take-profits-successfully-2267c32dc53d

Full article for the price analysis of $OMG here: https://steemit.com/bitcoin/@proofofresearch/omisego-price-analysis-8-4-2018 …

TradingView idea posted for $OMG here: https://www.tradingview.com/chart/OMGBTC/CcutRdWB-OMG-Might-Not-Be-a-Suitable-Entry-for-Weeks/ …

Enjoy everyone.

Here's the idea for $ETH that I never got a chance to publish before: https://www.tradingview.com/chart/ETHUSD/R4lDKK9B-Trip-Down-to-300-s-inevitable-for-eth/