FX CRYPTOCURRENCIES by Patric Tengelin


How I Made A Million Bucks Trading Bitcoin


“I’m running to the office, mate! Bitcoin is down 2,000 bucks! Gonna trade tonight. Will be there in two minutes, tops. We’re gonna make a killing!” I yelled on the phone.


This article is an account of the epic rise and fall of Bitcoin and the trading methodology and tactics I used to make well over a million bucks trading it from $5,000 to $20,000 and all the way back down again over the first two quarters of 2018. I will describe the patterns and setups I traded and where to enter and exit these trades. Finally, I will put my neck on the line and let you know where I think Bitcoin is headed before the bear market is over but let’s first return to November 29, 2017 as I was running to my office.


16 FX TRADER MAGAZINE October - December 2018


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