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Author Topic: Entry points - beginner  (Read 218 times)
phillza (OP)
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October 22, 2017, 07:21:34 AM
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Hey guys I feel like every time I go to buy something it always goes down. Does anyone have any good tips for entry points?

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October 22, 2017, 07:26:00 AM
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First of all, what are you intentions? Did you buy bitcoin/crypto to invest in it? To trade? Or to simply just use it?

The only thing you can pretty much do is to not buy on all-time-highs. Probably wait for some slight dips before buying. You simply just cant predict with pinpoint accuracy when the best time or best pricepoint to buy a certain cryptocurrency is.

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phillza (OP)
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October 22, 2017, 07:37:05 AM
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Short term trading maximum a week give or take. trying to make 10% per trade if possible

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October 22, 2017, 08:29:41 AM
Last edit: October 22, 2017, 08:42:52 AM by Seansky
 #4

Hey guys I feel like every time I go to buy something it always goes down. Does anyone have any good tips for entry points?
My tip for you is to only invest into bitcoin after retractions. Always remember to not buy bitcoin when it is gaining momentum and is going upwards. Another advice is to not believe an expert's analysis of bitcoin price movements because they do it sometimes in order to persuade others to buy when they are doing the opposite of what they encourage others to do after reading their analysis. Last but not the least, don't believe in FUD's even if most of the users says "bitcoin price to the moon" and the likes.
phillza (OP)
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October 22, 2017, 08:44:57 AM
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ok cool thanks for the advice. I tend to have a few problems scaling out to different time frames because it shows the opposite information depending on which time frame I look at.

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December 23, 2017, 03:34:41 AM
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I think you should spend time to see chart , read some threads in forum and choose the coin what you feel it good to buy or mine.
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December 23, 2017, 04:52:28 AM
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Don't just jump in. Watch the development closely and wait for the coin to get relative success.
The coin that are popular in news generally gets the better price, wait for them.

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December 23, 2017, 08:58:53 AM
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Hey guys I feel like every time I go to buy something it always goes down. Does anyone have any good tips for entry points?

With stocks it is usually far easier because they trade at a normal progression over a decent period of time. Crypto currencies are their own beast and are defying a lot of technical analysis rule of thumbs. I would try to first bear in mind what the specific coin you are trying to invest in was funded by. Was it funded by Bitcoin, Ethereum, both? When Bitcoin tanked last night you saw the entire crypto market tanking because many of these coins were funded by Bitcoin. Basically their entire infrastructure was built on Bitcoin. That being said, if you can look at a stock chart, set the time interval to days, even up to weeks. Look for an indicator called MACD. When you cut it on you will see bars the moveup and down on top of a center line (as the price moves up and back down in an uptrend), and down to back up below the center line(as in when the price is in a downtrend moving back to an uptrend. When the bars are below the center line, in downtrend mode, as soon as you see the bar stop progressing down and go shorter to move back up, look to enter at that point. Make sure you're using the longer term time intervals like days/ weeks on the chart (I like using candlesticks), as short term intervals are pretty unreliable. I know this probably looks like gibberish sorry.

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