You’ve seen Bitcoin go from $69k to $53k in November.
Here are reasons why we are NOT in a bear market.
For the first time in its history, Bitcoin closed RED in November after a Bitcoin Halving year (Halving years are 2012, 2016, 2020). This is what Traders would call a ‘black swan event’.
This has also invalidated multiple long term indicators that watch BTC’s price action, such as the Stock-to-Flow model, which expected Bitcoin’s price to be at 97K by the end of November.
Pumpvember has tragically turned quite sad for Bitcoin enthusiasts.
Since Bitcoin correlates so much with the rest of the market, Is it time to call the beginning of the Crypto Bear market and call November ‘Novembear’?
Definitely not, and here are some reasons why this Bull market still has enough juice for one more Hoorah.
Fear in the Markets:
Ever heard of the phrase “Extreme Fear precedes financial opportunity”? Well, as of time of writing Bitcoin price is $57k, whilst popular sentiment is Fearful.
Fear does not precede the bear market, extreme euphoria does. Let that sink in for a while.
The Hype is continuously building up
(Not only for Bitcoin, but for Crypto)
Although November saw BTC go from 69k to 53k, hype was continuously building up in the background for cryptos. Not to mention the Metaverse, NFTs, and Gaming cryptos have been gaining immense popularity lately.
Check out our blog on the Metaverse for a more thorough look into all the build up!
These guys have been buying the Bitcoin you sell
11/30/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.
Total AUM: $53.5 billion$BTC $BAT $BCH $LINK $MANA $ETH $ETC $FIL $ZEN $LTC $LPT $XLM $ZEC $UNI $AAVE $COMP $CRV $MKR $SUSHI $SNX $YFI $UMA $BNT $ADA $SOL pic.twitter.com/1Y0s0wpNe2
— Grayscale (@Grayscale) November 30, 2021
MicroStrategy has purchased an additional 7,002 bitcoins for ~$414.4 million in cash at an average price of ~$59,187 per #bitcoin. As of 11/29/21 we #hodl ~121,044 bitcoins acquired for ~$3.57 billion at an average price of ~$29,534 per bitcoin. $MSTRhttps://t.co/OA8VWG1bZX
— Michael Saylor⚡️ (@saylor) November 29, 2021
How did ProfitFarmers do?
The recent hype around the Metaverse provided ample opportunity for traders to make big moves in the crypto world.
Luckily, ProfitFarmers is equipped with signals and strategies to handle whatever situation that the market produces.
Read more below to see how you could have made the best out of this golden chance.
Our algorithms generated over 133 signals in 30 days across the various strategies.
That’s an average of 4 signals closing every single day for our members all around the world.
What makes that number extraordinary is that when you break down the winners and losers we saw a massive 82% of them hitting at least target 1!
That’s 110 out of 133 signals offering up at least some profit potential! Only 18% (23) of our signals generated and vetted by the experts went directly to stop-loss.
When do we publish signals?
Our signals are produced algorithmically. Meaning that they may appear at any time of the day! Here’s a graph showing when our signals were created for the month of November.
Our Favourite Trade
Why was this trade so successful? It’s because our Amazingman strategy was played to perfection.
The Amazingman strategy is our Trend Following Strategy. Our algorithms hand pick selective trades and issue these setups periodically, and as you can see with this trade, it generated massive gains.
This Trade utilizing the Amazingman strategy generated +1500% gains in only 4 months. We hope our members enjoyed this one.
Learn more about this specific strategy by clicking ‘strategy guides’ in your dashboard.
Coin of the Month
Play games on a blockchain. 🕹👾
SAND focuses on facilitating a creative “play-to-earn” model, which allows users to be both creator and gamer. The Sandbox employs the powers of blockchain technology by introducing the SAND utility token, which facilitates transactions on the platform.
This is one of those coins that exploded due to the metaverse hype, and ProfitFarmers got on that hype train. We traded this signal over 8 times over the course of this period, with the lowest performing one having a peak gains of 38%…
And the best performing signal had a peak gains of 1544%!
Target spread and profit per target
So 45% of all the signals hit target 2, 3 or 4! 🔥
Why is that so awesome?
Well the average profit from each entry looks like this:
That means the majority of signals have been generating extremely profitable opportunities!
37.59 % of trading signals generated hit Target 1 and achieved an average peak gain of +11%
28.57% of trading signals generated hit Target 2 and achieved an average peak gain of +29%!
7.52% of trading signals generated hit Target 3 and achieved an average peak gain of +49%!
9.02% of trading signals generated hit Target 4 and achieved an average peak gain of +253%!
Only 17% of our signals hit stop loss and had an average loss of 10%
Based on our average depth, the ideal way to play this month is to set your entry prices to around 55.75% from the top of the buy zone if you were trading Spot or Around 40.75% if you were trading Futures.
*Keep in mind that this is not always indicative of future results.
Top 10 Trades
We’ve listed out the other top 10 trades over the period for you too.
I bet you can tell we made the best out of the Metaverse based on this top 10. 7 out of 10 made peak gains of more than 100%, all consisting of metaverse cryptos.
Not to mention THAT 1500% gains on our SANDUSDT trade we opened 4 months ago.
Feels like you’re missing out? That’s because you are if you haven’t signed up yet. What are you waiting for? Jump on the ProfitFarmers choo choo train headed straight for the moon!
Want to join the fun?
Be more profitable and start making trading work for you again.
Join ProfitFarmers and:
- Copy expert trading signals in a few clicks
- Spend more time in the real world
- Get off the emotional rollercoaster
See you all next time!