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Author Topic: How do I identify end of rally?  (Read 499 times)
alisafidel58
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December 01, 2017, 05:38:43 AM
 #21

Ive been to trading for the past one and half year and its hard to tell weather the price will drop or it will continue to go up, there are no indication about it.
All you can do is trust on your guts that you are making the right decision, crypto currency are so volatile that why its hard to predict.
DannaWonder
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December 01, 2017, 05:51:45 AM
 #22

Hi,

Is there any indicators or ways to identify the end of rally of a particular coin? Can I get a early indication by looking at the market section in coinmarketcap.com or any other ways? How do we early exit with profit?

thanks

It is really hard to identify if it is already the end for a coin, but there are coins that has a specific purpose and you can check the status of their project if it is nearing success then the coin will have a chance to be more expensive. Gaining a profit in crypto currency is quite easy to achieve the only factor that you need to consider is your personal greed. How close to reality are you setting your price goal? How much are you going to sell your coins and how much profit is enough?
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