hello together !
i know something about trading, becouse i try to trade gold, €/$ (forex) and so on in the past......
and i now much kinds of analysis, but sience a few month i try to trade btc and eth and i thing they are no "rules" ?
some analysts write from supportline, rsi, macd, fibbonacci, divergences and so on, but it looks like that btc/eth are not really calculable with this ??!
ok, sometimes news have an effekt..........but only somethimes.......
somebody write something about the volume or that is possible to see a coming bubble and so on........
but what are good strategies, to analyse/trade this cryptos ?
for example, why the massiv drop down on 25 may ?
atm i have learn, it is better, only to buy (in case of margin trades)......
and if you do margin trading, than the liquidation limit should be so low, that a hard drop down it dont can reach (;
but with wich toolz or infos or so on, it is possible to make good trades ?
another example 300$ (for eth) is a mark, where i though, that much sell.......but nothing ! it go higher and higher........
There is no good strategy to analyze currency/ cryptocurrency/ commodities or anything on trading. Strategy is build by experience and continue training with real market, every time when mistakes come up, a good trader will fix it. Trading with coin only need money management & discipline, but discipline must include stop loss, take profit and patience. There's no tool can predict the real market but we as a trader can minimalize risk. Good luck.