To the Moon… and Beyond!
A SnapBots Chart Pattern Bots Review
It doesn’t matter whether you’re old or new, as long as you’ve gazed into the abyss of the crypto space, you probably have encountered the phrase “to the moon.”
So what does that phrase actually mean?
According to Binance Academy, the phrase “to the moon” refers to a strong belief that certain cryptocurrency is soon going to rise significantly in price.
The expression may, at first glance, seem strange and, to others, cringy, but once you get sucked into the Twitter cryptocurrency vortex, using that phrase in a Tweet is inevitable. Consider it a rite of passage. You have been warned.
Okay, now that we know what “to the moon” means, we’re faced with the big question:
How do we get there?
Three words: knowledge, due diligence, technology.
It goes without saying that the first two on the list are very important and broad, and thus should be started with. For today, however, I will be talking about technology. That is because, in the early stages of my journey, I first looked for the tools that could help me understand the nature of the market I was interested in so I could earn while building up my knowledge base.
How has technology shaped the trading scene?
Technology has greatly changed the way we think, interact, conduct business, trade, live.
We are living in the digital age. Due to technology, almost everything is at our fingertips. Even trading has become automated and accessible to the everyday joe.
The whole blockchain industry is bent on breaking away from the traditional way of storing, recording, and processing (digital) transactions. What was once an incomprehensible concept is now being embraced by greater numbers of individuals, businesses, and governments.
As a person with a day job and who has limited time to learn and absorb everything, and given the fast pace and the volatility of the cryptocurrency market, I knew I had to be wise with how I’d spend my time and looked for the right tools to use to my advantage.
This led me to SnapBots’ chart pattern service.
What are chart patterns?
A chart pattern is a shape within a price chart that helps predict price movement, based on past data. Chart patterns are the basis of technical analysis. Traders are required to know exactly what they are looking at, as well as what they are looking for.
To know more about the different chart patterns, you may read up at Investopedia.
Why SnapBots Chart Pattern Bots?
The answer is simple. Their bots analyze the patterns for you. Below is an example.
As you can see, the bot not only translates the chart patterns but also provides other pertinent information like confidence level, which I like. Premium subscribers can select their preferred stocks, counter, and timeframe.
I’ve used the bots in the first few months of trading, and it has helped me minimize my losses. Of course, the bots aren’t foolproof (hence the feedback buttons on every sent signal); one shouldn’t depend on the signals alone. As previously mentioned, knowledge and due diligence are equally important in getting to the moon.
It is crucial that one knows what a volume is and when a pattern is fully formed to effectively utilize the bot.
Markets can be unpredictable, so staying up-to-date with the news and current events and understanding market sentiment are also important.
Lastly, one should have a trading and risk management strategy to avoid crippling, significant losses.
How do we get there again?
In closing, I’d like to say that through keen interest, knowledge, due diligence, and the help of technology, we may be able to crush our 2021 crypto goals.
To subscribe to SnapBots’ chart pattern service, visit their website and contact their chat support directly.
There’s much to learn in the world of stock markets and technology. But don’t let fear stop you from making that choice.
Let’s go to the moon… and beyond!
“Robots are not going to replace humans, they are going to make their jobs much more humane. Difficult, demeaning, demanding, dangerous, dull — these are the jobs robots will be taking.” (Sabine Hauert, Co-founder of Robohub.org)
Cryptonaut
Relatively new crypto-enthusiast | Exploring the world of altcoins, blockchains, and trading | SnapBots affiliate | Not a financial advisor | Follow me on Twitter: @crypton15610517
SnapBots: www.snapbots.io
SnapBots is a group of AI trading bots. SnapBots offers a staking cryptocurrency program to users. In this program, users can choose between three strategies to auto-trade based on their risk aptitude.
Disclaimer: All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment, or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
