Bitcoin Forum

Economy => Trading Discussion => Topic started by: cryptofraction on September 11, 2017, 04:04:04 PM



Title: Please help :D how to trade this kind of chart?
Post by: cryptofraction on September 11, 2017, 04:04:04 PM
Hello there.

This is my first post and I am wondering if anybody could help me out a little here   ;D

I am new to crypto trading game. BTC However, it is very exciting to get in and recently I have started a bit of trading.

I have been mostly focused on small account building trades with low volume coins that jump very high (or low).

Recently I have tried to use Crypto market scanner for small account build up (which is an amazing tool). However, I have noticed that most of the alerts for trades (on HITBTC) that are down more than 20% look like this:

https://www.coinigy.com/s/i/59b5630fa5d47/ (https://www.coinigy.com/s/i/59b5630fa5d47/)

https://imgur.com/a/4NuLf (https://imgur.com/a/4NuLf)


I have also noticed that some of the coins have only 1 BID row and a lot of ASK rows in Level 2 Data, which I also don't quite understand. In addition to that, on the right column you can see that all of the orders have exact same price and quantity.  ???

Any clarification at all would be much appreciated!  :) ::)







Title: Re: Please help :D how to trade this kind of chart?
Post by: CoinSpeculator on September 11, 2017, 10:48:30 PM
charts and technic analysis doesn't work on crypto currencies.
just whales know where will it go.


Title: Re: Please help :D how to trade this kind of chart?
Post by: cryptofraction on September 12, 2017, 03:46:38 PM
Thanks, but that still doesn't answer my question. I wanna know what these charts are about  ??? ;)


Title: Re: Please help :D how to trade this kind of chart?
Post by: cryptofraction on September 13, 2017, 06:08:59 PM
bump