Low Risk Crypto Millionaire

Introduction to Crypto Millionaire Strategies

Hello and welcome back, everyone. It's the 22nd of November, 2023. My name is Doug from Digital Currency Traders, and the livestream's a little bit late today because I found some amazing stuff from Alex Hormozi last night. I just had to finish that and get it prepared for the livestream this morning. So, stick around to the end of this video. I've got some wow stuff from him.

In this video, we'll go over Bitcoin Shark Feeding zones and Whale Feeding zones that have been really active. Super important stuff.

Exploring Altseason and Making Money with Crypto

Right now, we'll take a look at the AltSeason co-pilot, and then we're going to get into that detail about making money. I'll show you what Alex Hormozi taught me there last night. First of all, let's get into the news.

We're going to go over some of these news items each day.

I'm going to research this one specifically: BP-FLAC the generative AI infrastructure public blockchain that just raised $10 million. They probably have a token, and I'd like to find out more about that, that's for sure.

Maximizing Trading Benefits with Bitget

Now, the next section I'm going to go into is our sponsor section. Today, we are sponsored by Bitget, and I'm going to take the money that I have in Bitget and I'm going to follow along with the daily action Matrix in a copy-trading platform, so that you can follow along and copy my trades.

There's a link down below, and it's really important that you follow this link because I've set the maximum kickback possible for all of the referrals who go through my referral link.

There's a special referral link down below so that you get the least fees in all of your trading over on Bitget.

Analyzing Whale Feeding Zones in Crypto Markets

Now, let's go into Whale Feeding Zone.

We can see where the 12-hour bands have stayed pretty much flat from yesterday. That's really good. And as I go into the 4-hour timeframe, so far this is really great that the 4-hour stayed flat, and it didn't widen as prices came back. That's important for holding and bouncing from there if we're going to go bullish.

So, there's the 4-hour bands now, right at the same level as the 12-hour. As I go into the 1-hour, we can see how much this is pinched down from yesterday's episodes. Really changed, and for me, this is giving me the one-two-three formation for me to pay attention to.

That if prices are breaking above this trend line, that's bullish, and I have to pay attention to that, and I have to surrender and just go with that.

My trendline, of course, is just a guesstimation from the other day, and it may not be accurate, and it may be. If we create a one-two-three top formation out of this pinched-down band and we continue down while we're continuing down the 4-hour continues to expand, and that's pretty bearish.

We are right on the line for our trading system that if we go underneath this one-two-three top formation, we'll be going into a partial hold status in Bitcoin, which will be moving us more into a holding towards US Dollar Index.

Altseason Co-pilot Analysis

And now, let's take a look at the altseason co-pilot because we've had some really big moves there as prices have been coming back.

So, let's reflect on a few of these examples. Here's 1INCH versus Bitcoin, even though it's pulled back into a partial hold status. It's important to look at each of these charts to assess it, to see where it stands according to the bottom formation from before, and is there a place now where we might find a one-two-three formation that gives us the risk to reward ratio that's favorable to start starting out a very small position.

And this is super, super important as we've come back to these levels. All the coins have moved back below our entry-level. You can just sort out and go really small into each of them, and at the end of the video, Alex explains crazy things about this that I've been trying to explain for a long time.

The Key to Success

Let's look at a couple more charts. Here's another one that went into full exit status. Yet, it is above support and resistance from the past. We have one, two, threes all building, and if I go into AAVE and go over to the Bollinger bands and for many of these coins now, what we can see is that we've come outside the third standard deviation on the 4-hour timeframe for the Bollinger bands. And that is the bottom of the whale feeding zone.

When prices stick outside that 4-hour standard deviation, it is the whale feeding zone, both top and bottom.

For me, as I'm watching for a 123 formation, this is my prime place to be looking for it, especially when we can narrow down to markets that have broken above old support and resistance.

Now, it's come down to test above that support, and it's given us the Bollinger band mean reversion buy signal right there. As we get a one, two, three formation setting up in a chart formation like this, it just gets very exciting for me.

Creating Wealth with Cryptocurrency

Now I want to finish with the section on moneymaking.

Last night, I was watching this video, "If I wanted to become a millionaire in 2024, this is how I would do it: full blueprint."

So, it's a long video.

I put it in my earbuds and I went and walked to the store and back. I listened to it all the way there and back.

And as I was listening, I picked up some really important points that totally explain how the altseason co-pilot really rocks.

As I listened along, there was a section in the video that I knew I would have to come back and study. So, I gathered the transcript from several of his videos, and I created myself a private GPT that'll answer all of my questions from his specialized knowledge base.

In fact, I've been so excited by the results of my new business advisor that I created a number of different business advisors. I'm also creating a tutorial on how to create your own personal ai business adviser, be it ‘ai Alex Hormozi’ or ‘ai Napoleon Hill’, I’ll share the full blueprint of how I did it very soon.

The Longtail Distribution of Returns in Crypto

So, now let's get into why Alex's tips are going to make you rich in crypto.

See, what he explained is the longtail distribution of returns. This is a concept that's often used in business to describe a particular pattern in investment returns or business profits.

And this is what we've been doing with the crypto Smartwatch and the altseason co-pilot ever since we invented it. But I couldn't explain it the way that Alex explained it.

I really love his baseball example because the best you can do in baseball is hit a home run, and you can get four runs for that. Fantastic. No matter how good your home run is, all you can get is four out of that.

But there are times in our crypto trading that we can get much, much greater returns, unbelievable returns. And those few crazy, unbelievable returns pay for all of the other small tries that we did.

As we are putting this into use for ourselves, we want to hit that metaphorical home run in our trading so that we make enough money that we never have to work again.

One of the limits of the altseason co-pilot is that the daily action matrix, when it's plotted out over time, it shows us which coins are in hold status or partial hold status, and it shows us how long they've been in hold status.

The trouble is, this doesn't show the gains that we could have made for each of those, not even in backtesting. It doesn't break it down so that we can see which number of coins made the greatest percentage gains by the exit signal.

So we cannot create the distribution chart from this data. We’ll need to access the logs from the Pro Alerts to show how these few trades make such an amazing return.

Maximizing Returns with Minimal Risk in Crypto

So, why does this longtail distribution matter so much in crypto trading? Well, it's the 80/20 rule. If we're using spot trading, 80% of those positions will make not very much, but 20% of those positions are going to make an incredible amount.

The trouble is, we can never know ahead of time which ones are going to be the big wins and which ones are going to be the flops. Even in venture capitals, they know ahead of time that there's going to be that curve where a whole bunch of the projects aren't going to get off the ground, but a few of them are to make such exponential returns that it's all worthwhile.

And you may think that
we need to take high risk in order to make high reward,
but that is totally wrong.

With the longtail distribution method, we can assure that our risk is maintained very, very low by keeping our risk managed through Stages One, Two, Three of the trade, and then systematically add on for Stage Four of the trade when we do have something that's proven us correct.

When we do that, the winning can be transformational.

We only have to get rich once, as Alex points out.

Strategic Implications for Crypto Traders

It's important that we understand how this longtail distribution works so that we are willing to do the hard work of diversifying our portfolios and managing our positions with the daily action matrix.

This is going to revolutionize your trading and your results and revolutionize the time that you put into trading so that you're not standing at the charts all day long.

Now, the thing that I'm really pumped about is showing you how to create $20 per week of passive income, then double that money just once per year, and you will be a millionaire in seven years. You never have to invest a penny of your own money.

All you have to have is a good plan and the persistence to keep working it.

Wow, that wraps up a huge action-packed episode.

We went over our new news source, we talked about our sponsor and copy trading, we went over the whale feeding zone for Bitcoin, we looked at the altseason co-pilot, and some of those important charts making Bollinger band mean reversion buy signals right now.

And we also went over Alex Hormozi's longtail distribution strategy. When we apply this to the altcoin season, and we trade the alt versus BTC pair, it can be transformational.

Let's get prepared for that.

Trade safe and keep those losses small.