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Author Topic: Which sources do you use in order to make a trading decision? and why?  (Read 1147 times)
weblouartisan
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August 20, 2017, 05:52:24 PM
 #21

Traders here are always relying on the graph because it gives a lot of information of your coins currency, I dont usually follow the hype and investing into it. I always hold longer depends on when my coins price will rise up again. My main source on where i usually research is twitter and facebook i follow some of those startup companies here and look at the actual chart to check if the price is right.

Victorycoin
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August 20, 2017, 06:39:16 PM
 #22

The source I am currently using is very easy... any long-term chart.
All you need to see is the price exponential rise.
This should be a good indicator what you must do. Wink
I bet most newbies would rather look elsewhere than some charts, because many of them are of the view that technical analysis is more of a forex and stocks thing and no place for it in crypto-trading. Most senior members however do realize that outside of fundamental news, speculation is the other major force that has been driving the price of Bitcoin and other coins and there is no better way to feel the pulse of the market than through an in-depth insight of technical analysis.
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August 21, 2017, 10:16:54 AM
 #23

I followed people comments on https://reddit.com/ r/bitcoin to know the mind of traders and gather my fundermental analysis information. Then I do used https://poloniex.com to get technical information as this is the most visited trading sites with rubus trading information such as charting and candlesticks analysis. From there I will follow my mind to decided ether to place a trade or not and it has not fail me.
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August 21, 2017, 10:34:10 AM
 #24

Sources? I mostly use my instincts in making decisions, no slack nor telegram group, rarely check the charts as well. I'm focusing on the exchange and the movement of market. If I want to know the latest happening with the coin, I will check the ANN thread here. That's all.
Koadharber
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August 21, 2017, 10:37:15 AM
 #25

Hi there
I wonder which sources do you use in order to make a trading decision? and why?

if it's a slack/telegram group it will be great if you will share the name/link to it.


Hearing news from those groups is one of the tools but its not really necessary since you can able to execute a good trade with just a simple tool without relying too much on those informations. My trading ways is just seeing on the chart and making some technical analysis and somehow there are times my guts and intuition do help me on making decisions and luckily my winning trade ratio is more than on my loss which means it does work for sometime.
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August 21, 2017, 12:09:43 PM
 #26

I am using cryptoping,
You have to filter it.

The main source: CHART, I am reading chart
Cosbycoin
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August 21, 2017, 02:02:10 PM
 #27

I mainly use reddit and twitter for news sources, coinmarketcap for statistics and coinigy/tradingview for charts and TA. But I'm rather new to this area so I'm still learning.
If you are new but still know about all these, this means you have good knowledge of crypto market and I can see you will perform better than many other old investors who lack knowledge. It is good to use all these famous sources to back up your decisions with logics rather than mere guesses and emotions.
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August 22, 2017, 12:00:31 PM
 #28

Hi there
I wonder which sources do you use in order to make a trading decision? and why?

if it's a slack/telegram group it will be great if you will share the name/link to it.



I've tried one of those telegraph pump groups once before and yeah i was able to earn from them to be honest. Though i usually just check now the charts and only invest in trusted proven coins. Profit isn't that big like when you gamble on a new coin but its less riskier

 
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lovesybitz
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August 22, 2017, 03:03:15 PM
 #29

Hi there
I wonder which sources do you use in order to make a trading decision? and why?

if it's a slack/telegram group it will be great if you will share the name/link to it.



By making the actual trade in the platform, this would depend on the coin you had, if the coins you hold has a group chat it can be one of the  source, But I don't trust on slack because there other people sending a link inside which once you open it if your not careful you will be hack.
layoutph
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August 22, 2017, 03:20:24 PM
 #30

I do not consider my self as a professional trader, and trading decision comes from:
First, reading the charts. I dont buy even they hype the coin if the chart tells that the coin is about to go down.
Next, crowdsourcing information, I usually get some advice from crypto analyst on Twitter and Steemit.
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August 22, 2017, 03:26:58 PM
 #31

twitter and bitcointalk for news and turtle for buy and sell signals http://www.turtlebc.com/?ref=AtQe63Cw
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