Table of Contents
- His achievements have been recognized by the CryptoDaily Awards, earning him the title in 2022 and 2023.
- Alexander's advice to traders just starting out in crypto trading is as follows:
Alexander Klinkov is a rising star in the crypto trading world. With a seven-year resume in the industry and a winning title of the KCGI World Futures Tournament 2021, he has earned himself a solid reputation. As a result of his efforts, he established a significant YouTube following, acquired a large subscriber base on TradingView, and managed over $100 million in client trades.
His achievements have been recognized by the CryptoDaily Awards, earning him the title in 2022 and 2023.
“What I love about trading is that it provides an opportunity to understand the true value of money. I am a firm believer that trading is a skill that can be learned by anyone, and that it can bring immense benefits to our lives," enthused Alexander. "Learning how money works provides us with a great opportunity to transform our lives."
In his opinion, anyone can become a successful trader if they take the time to understand supply and demand, charting, investments, and other essentials.
As Alexander's first trading experience, he traded Bitcoin for Ethereum Classic in 2017 and then moved on to more altcoins. This allowed him to approach the crypto market without the baggage of traditional markets. In a way, he was able to take a fresh look at crypto market processes, free of the prejudices and biases associated with traditional market trading. He was able to learn the basics quickly and develop strategies that worked, helping him to make successful investments.
“Back then, I turned my $1,000 into $20K and I was amazed at the opportunities offered by this market,” he recalled.
Thanks to his trading system called Smart Trading, Alexander was able to accurately predict the transition into a bear market in 2022, preventing thousands of investors from losing their money.
As he put it, “A trader's advantage is they can short or long the market, depending on its state. It is not something I would like to brag about, but the recent bear market wave earned me a fortune."
Alexander seems to have a real knack for maximizing the market's potential. He recently completed a successful short sale of Binance Coin (BNB), predicting the price would fall from $300 to $200. According to him, this is how it worked:
“In my trading system, I implemented a trend-following method that was based on my knowledge of market cycles. Shorting BNB was a result of prolonged consolidation followed by a downtrend.”
According to Alexander, the decline for BNB and other crypto assets is about to continue, especially now that FTX has been allowed to liquidate more than $3 billion in crypto assets – a factor that will likely weigh on the market.
Regarding his trading system, Alexander explained that it focuses on global market movements and uses psychological cycles and market cycles.
“What I essentially do is identify a major player and analyze the global market sentiment paired with how that player sees the market at the moment, whether it's a liquidity hunt or something else. It's a medium-term trading strategy where I use the weekly and monthly timeframes to find buy and sell signals. It's like finding a whale in the ocean and then hopping on for the ride, taking advantage of its movements and getting to the desired destination”, he explained. In my jokes, I like to say: "I'm not a whale watcher, I'm a whale rider!" Alexander added.
In addition, Alexander said that he takes advantage of the traditional market bubble theory, which also works perfectly for the crypto market. This strategy relies on the idea that when an asset goes into a bubble, its price will eventually crash, causing investors to quickly sell their assets. By identifying these bubbles before they burst, Alexander can maximize his profits by trading at the right time.
Alexander's advice to traders just starting out in crypto trading is as follows:
“Develop a well-thought-out trading strategy which includes risk management as well as an exit plan that fits any market condition. When you fully understand it and can verify that it works, then you can use it to trade on the market. Without it, you'll waste a lot of time and money.”
Disclaimer: The information provided here is for information purposes only, and shouldn't be interpreted as investment advice. Investment decisions should be made after thorough research and due diligence. There is a high degree of risk involved in trading cryptocurrencies.