So it's even not worth to learn and use? (technical analysis)
If it makes you feel better then why not? This is the place where it pops up most often - https://www.reddit.com/r/BitcoinMarkets/I'm not a big trader so couldn't tell you whether it's any good, but from my observations all the TA people do is move their lines around when the price moves unexpectedly and say they knew it was going to happen all along. I just want to make right steps without wasting time, energy and money. But you doing trading of altcoins, right? |
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Technical analysis is hopeless enough with Bitcoin, it completely goes out the window when it comes to alts. The only explanation anyone needs is that it'll pump when the people who control them want it to, and collapse when they feel like taking some profit.
So it's even not worth to learn and use? (technical analysis) |
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I am very interested in trading altcoins and have my learning process already, but many stuff is hard to understand yet.
For example, I saw many videos in youtube showing about charts,how they are moving, how to add and read support and resistance areas, how to use fibonacci retracement, how to use lines and other technical analysis. So my question is, if these technical analysis really help to determine the price movement?
What is your thoughts about it? How much these analysis help to determine price movements and how much it helps in trading and predicting prices?
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Hi,
What is your best youtube channel or videos for learning cryptocurrency trading?
I have found few of them and they are pretty good.
But what is your favorites ?
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Let's see, you just successfully traded altcoins and made a profit. What's your question again? You just came here to brag, right? Be honest. And I'll be honest: You got lucky. But trading in shitcoins is super risky, and I'm sure you won't return once you start losing money. No one ever does.
To brag that I earned like $0.30 ?  no, mate, I am not bragging. And I know it was a luck as I am just starting and know almost nothing about trading. I saw from charts that price was dumped and bought some coins and waited for the price to increase again. Now have done 4 times this move and all was successful, but I agree that this is luck, because I havent learned how to read charts and actually don't know and can't predict the price increase or decrease. So because of what I created this thread to learn more. The price of the coin increasing due to people buying coins, price decreasing if people selling the coin. I think if the bitcoin price increasing, alt coins price will decrease because everybody selling alts to get bitcoins, and if the price of btc decreasing, people buying alts. Not sure if I am correct. But what else makes people buy and sell particular coins? What is your strategy to read the chart's, to understand how market moves, to make price predictions ? |
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now the important question that you should be asking is "when and why would people buy and when and why do people sell"
Very good point. Any thoughts how to do it ?  |
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You are right on buying low and selling high but you can't depend on same price range. You have to read charts before putting anything in any coin, only buy something when there is some uptrend and quickly sell them when it surges a little bit if you like to make profit with day trading. Day trading is both profitable and risky, so make your move according to market rather than your emotions.
Yeah, right now I really don't understand and unable to read the charts... i understand what the candles mean, but dont understand clearly how they are moving and how we can predict movements. So if i understand right, if the price is droping it means that people are selling coins, if people start buying same coin, the price would increase ,correct? |
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Made my first trade on poloniex.
Bought some xrp coins worth of 18,80USD and successfully sold for 19,30USD.
It's not much, but I just bought some coins, and made sell order a bit bigger price and it reached it and automatically sold. I am on the right track ?
For example. I now put buy order again a bit lower price and will wait till it will reach.And next put a bit higher price and wait till reach this point again.
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sent some coins to coinexchange.io and it shows 2/6 confirms about 5 hours now..
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So okay. If I see on coinmarketcap that some particular coin price is for example 0.01USD, but on yobit it's 0.005USD. So if yobit stats are delayed, it means that later on yobit same coin price will be 0.01USD ? it's like seeing future? |
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I saw on your website it's clearly written that we can get plastic card and we can UNLIMITED withdraw on ATM. Do we need to verify identity or somehow to upgrade the card in order to get the card which could withdraw any amount on ATM ?
So this is like private btc wallet, we can receive bitcoins to wallet, load the card inside online wallet and withdraw money in ATM ?
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I used yobit to purchase argus, bought some coins and price increase in yobit few times (3x) and I wanted to sell the coins. I placed sell order with little bit reduced price, I waited about hour and coins havent been sold yet,so i leaved and went to sleep, today i wake up and saw that still my coins are not sold and argus price now decreased and even smaller before I purchased... so i am thinking, why coins wasnt sold and how fast coins are sold? can somebody explain ? or maybe its better to use other exchangers ,not yobit?
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what you think guys, will argus continue to rise or it will fall very soon ?
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For example, one altcoin on coinmarketcap shows 1000% price increase, but on yobit it shows 500% ?
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Many people saying that good strategy is to know more about the particular coin, research if the team is legit or not, BUT I don't understand one thing. Okay, i researched some coin, I saw that everything looks legit, team looks professional and so on, but does it mean that coin will be profitable? I mean, it happens that if the coin project is good, people in the team are legit, but alt coin fail for some reasons ?
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I think best is to write to support and ask this question, but thanks for your answers. I also think credit card should be charged instantly, but not all exchanger's accept depositing with credit card?
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Hi,
How much time it requires to deposit from credit card to btc exchangers like kraken or other similar exchangers?
How fast from bank account?
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I have tracks of making 25% profits of my capital from trading crypto and also there were gaps of week long with zero profits and negative performances too. Trading is simply depends on how effectively we are making use of fluctuations but sometime you may get struck in wrong tide too. But 1% ROI by end of month is possible in my experience.
I am talking about daily trades and 1% daily ROI |
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more thoughts ? |
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But it's not about if the new coin will be profitable and invest.
It's about old,stable coin which dumps and pumps all the time, as only in this way we cn buy low and sell high?
I am right ?
This is what gunbot do, buy at low sell at high, but in order to do this , coin price must keep increasing and decreasing ?
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