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Title: Should I look at XXX/BTC or XXX/USD or XXX/ETH charts for TA? Post by: VarunAgw on May 02, 2020, 04:14:11 PM There are so many coins like EDO/BTC, EDO/USD, EDOETH which are available as different pair. If I want to do Technical Analysis, should I look at BTC or USD or ETH pair?
Title: Re: Should I look at XXX/BTC or XXX/USD or XXX/ETH charts for TA? Post by: Raytheon on May 03, 2020, 12:33:18 PM It totally depends on your strategy. People who believe that bitcoin will reach USD 50k someday care about XXX/BTC pairs only.Their ultimate goal is to accumulate BTC as much as possible and then sell it at high price. Cautious people might prefer XXX/USD (USD or any other stable coins) pairs, which can eventually bring them profit in USD - certain profits. You can apply the same logic to XXX/ETH pairs however I don't find many traders go for this way. Professional traders usually trade both /BTC and /USD pairs but the principle is that if you buy a /BTC pair then you should sell it at /BTC.
Title: Re: Should I look at XXX/BTC or XXX/USD or XXX/ETH charts for TA? Post by: mk4 on May 03, 2020, 03:47:19 PM There's no such thing as like the "best trading pair for trading". Take a look at all of them, and look for opportunities. It also depends on what asset you want to hold though. If you want to look at your profits in BTC, maybe because you're just going to hold your BTC profits, then use the BTC trading pair.
Title: Re: Should I look at XXX/BTC or XXX/USD or XXX/ETH charts for TA? Post by: electronicash on May 03, 2020, 04:00:12 PM go over to the charts being shared in the forum. you have to notice the charts that people are sharing in the trading section, they are mostly on BTC/USDT. this is how they make money from coins, if you like to trade with ETH, you go to ETH/USDT or whichever stablecoin there is. crypto traders may like accumulating BTC and ETH but the most important here is the stablecoin because your money can be counted. but why EDO? hybrid exchange is different from DEX. |