Bitcoin Forum

How do you do it? Technical Analysis + Fundamental Analysis + Instincts + research?

What else? Please share your ideas.

Fundamental analysis is useless, nobody knows where this puppy is going. For he long term it is safe to say we are going up :)
Research is futile, so much bullshit is being sold.

I'm a HODLer, trading in this market will get you caught off guard and kill your investment.

TIP 1: Don't be greedy. Don't day trade :)

Actually I can say the following which is actually something in the lines of Warren Buffetts advice.
When people are barging to get in you must leave or HODL through the period.
When people are running for the exit you should buy more or HODL.
If you do what everyone does you will be just as big a bagholder as them.

TIP 2: Don't follow the so-called experts.

That said see this as a lottery ticket. I put in 5k and I have an exit goal.
The exit goal is a specific time or an amount, whichever comes first.

TIP 3: Firmly believe you have lost all your money (even if it is becoming a bigass pile of 5/6/7-digit dollars), it is no longer something you should feel emotions about.


As for day-trading (been there, done that, got the scars). Things happen quick and hard in Bitcoin.

TIP 4: Don't use a stop loss. You WILL get caught out.
TIP 5: Watch out with leverage. You WILL get caught out.
TIP 6: Watch out with going short. You WILL get caught out.
TIP 7: Best thing to trade on are anomalies. Where the price dips 20% in an instance. Grab the coins, wait for the correction, sell with profit.

That said the best of luck :)

This topic should be moved to the "Trading disscusion" board.In the "Speculation" board we only speculate about the bitcoin and altcoins prices.By the way,you should remove "research" from your equation.
Technical and fundamental analysis are all about searching and analysing information.This is your research.
I don`t know how the instincts can help you with trading.Never rely on instincts,luck or emotions.
If you have good info about the market-don`t follow the crowd.If you don`t have any good info about the market-just follow the crowd.

I have three strategies:

1. Buy the dip - you know when to buy by watching the volume. You compare the volume to that of previous drops on a relevant timeframe. Also if there is a downwave with the same or greater volume than the previous wave and the price only goes down to greater than, equal to or slightly below the last wave.

2. Buy a breakout - a breakout is the moment when you can see on the chart that all hope for a continuing downtrend is lost. Its usually when a slightly downward sideways line is broken.

3. Buy the wall - When a massive sell order starts getting bought out I try to buy the last piece of it.

I dont have any solid strategy for selling. I'm always terrible at that and leave tons of profit on the table. I'll also usually stop out if I see the price rapidly returning back to my buy level and not playing out as expected. If I see a rally becoming weak I'll start putting stops along the trendline that I would know would be really bad if broken. That's how I got out at $18800

Fundamental Analysis/ Technical Analysis  have nothings to do for bitcoin, bitcoin is depend on demand and supply which make it hard to track and analsis like phis logic

Well I got lucky as hell again. I shorted a few days ago and it's turning out pretty good, lol.

Yeah this is actually not bad advice. A pattern of what you mentioned does somewhat exist based on past observations. Obviously it's not the law.