Signs of ups and downs in coin price and time to buy

Signs of ups and downs in coin price and time to buy

It's extremely important to forecast the price trend and choose the right time to buy. Timing is almost everything, and any failure in it will cause you losses. Below are some ways to know the right time to buy, which can be applied to both short term and long term trading.

1. Newly listed coins
In case of coins that are still in their ICO phase, you should keep track of their schedule, white papers to see when they are listed and what exchanges to be listed on.
New coins are often strongly pulled, so it's recommended to buy before the listing on exchanges. When the coin is listed on the big exchanges like Bithum, Polo or Bitrrex, the price may sharply increase. For example, Zec price on Bithumb was pulled to $ 400 then reduced to $ 200.

2. News on Twitter
This is a very important source of information where both good and bad news is updated quickly. Search for the phrase BTC on the seach box, and you will be provided with a lot of news about bitcoin.
Also, the Dev team will post news about their coins on Twitter, making it the fastest information channel to make the purchase decision.

3. Determine the cycle.
Coins often follow a cycle of some days or hours if there's no positive or negative news. Pay attention to the chart for 2-3 cycles and you can anticipate the trend by yourselves.
Knowing this rule, you can buy and sell in 2-3 cycles and stand a good chance of earning 10 - 15% profits.

Note: If you notice a 1 - 3% decrease in the market, you should hold. Place the Sell Limit order at 5% in case you cannot keep track regularly to keep your capital safe.

GOOD LUCK!