Lets make it easy (trading discussion)

[vinz7229]

Lots of topic here asking if, when is the perfect time to  buying and selling their hold coins!
I made a simple visual aids regarding of buying and selling altcoins.
I hope this could helps you to decide for the perfect time of  buying and selling atlcoins

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i hope this could helps you to improve your trading strategy and specially to those how are new in trading world!!!
enjoy and happy trading everyone.

note: always check at the last candle stick in the graph or at least the past  24 hours so you could apply this kind of strategy!

 

[sujonali1819]

A good decision is taken by you to easily understand about trading and when the time of buying and sell.I think it will help the newbie trader.It is right that this thread is fulfilled with the same question and same answer. IF this post will remain on the top list it also helps to reduce spamming with similar question and answer.

[SmokerFace]

Thanks for some good information it can help most of the traders here on bitcointalk

It is good to check candlesticks or chart of coins first before you trade it, In reading a chart you can predict the movement of the coins (Not 100% accurate but it can help you to become aware of not losing some of your investment) plus reading and analyzing the news about the coins you wish to enter especially on those coins that has a good and bad news before moving up/down, Sometimes you need to read news about coins because sometimes coins have getting a problem about their developers or technical problems.

[trecore4]

Thanks for sharing this one. 

I did not know many thing about the trading patterns that exists as I never read about it. I am more or less concerned with normal buy low and sell high kind of trader. But this visualisation has given me broad idea about the whole thing. Its nice to know that there are :
Tweezer Tops
Double Tops
Red Hammer
Green Hammer.

I had general idea about it but did not think about it in that deep way as you have explained. Though they are one liner explanation but I do appreciate it as they are informative.

[vinz7229]

Thank you for the compliment , you can also share some of your trading tricks here so that we can improve more our knowledge about trading altcoins. "Power is gained by sharing knowledge not hoarding it."

Happy trading everyone

[BitcoinHodler]

it is always a good idea to learn technical analysis and the way to read the charts properly and actually use them in your trading but unfortunately i have to say that none of it will work as well as you may hope when it comes to altcoin trading.
it is simply because altcoins are all very manipulated and that makes it impossible to treat them with any kind of logic.

[uelque]

it is always a good idea to learn technical analysis and the way to read the charts properly and actually use them in your trading but unfortunately i have to say that none of it will work as well as you may hope when it comes to altcoin trading.
it is simply because altcoins are all very manipulated and that makes it impossible to treat them with any kind of logic.

I totally agree. All strategies being said above cannot be considered as accurate. For almost months now of being a trader, analyzing how the chart goes and how to become effective to this field, I've learn that most strategies and technical analysis differs from coin to coin. But still thank you for sharing this!

But let me clear this based on my experience, trading aren't easy no matter how good you are at all. It isn't easy!!!

[gantez]

The graph reminds me of the past . Newbies actually need this kind of help do they can minimize loses.

Paying close attention to the candle sticks will be very helpful. The candle sticks are very significant, they mean different things at different times.

[vinz7229]

it is always a good idea to learn technical analysis and the way to read the charts properly and actually use them in your trading but unfortunately i have to say that none of it will work as well as you may hope when it comes to altcoin trading.
it is simply because altcoins are all very manipulated and that makes it impossible to treat them with any kind of logic.

Well I'm not forcing you to believe or follow this strategy, I'm here to share some ideas or strategy when it comes to trading, at least you have some hints to avoid profit loss. And at the end of the day  it is still in your hands on how to operate your own trading system, it is up to you if your going to use it as your guidelines or just ignore it, it doesn't matter.

[Zandar]

Keep in mind that this works during the time the market is stable, as in the BTC price remains almost intact as the day before. When the BTC price drops the market crashes down heavily and if you have just bought it with this trade tactic you will end up in a huge loss. Unfortunately the other way ends up the same, when BTC rises it does not mean the alt coins rises as well, most of the time they drop in BTC value while maintaining their dollar value. Only later on they start catching up but just slightly. As an example take the alt coin WAVES, when BTC was close to $3k it was sitting at a price of 250k satoshi, after BTC rose and kept on rising tremendously it went all the way to 35k satoshi while maintaining the same dollar value as it had when it was 250k satoshi. So keep this in mind when applying the trade tactic shown here.

[Leonard2016]

that's a good chart but there are some other graphs too , the thing is there is no guarantee that trend follow any of that chart , there are just some usual diagrams sometimes work sometimes not.

[Beerwizzard]

In some places it is pretty hard to see shades on your candles. You are also missing the volume. For example I've got no idea why da hell the bottom candle in the morning star pattern is literally fixed in that price  range (cimcidering that there is almost no shades) while we have a wide fluctuations in the other candles.
Hammers: from your description unclear is literally everything. If someone is not familiar with TA then this patern is more likely to mislead this person.
You are observing the already performed patterns without a description how to determine the upcoming ones and what is more important withour the chance that they will work. If someone will buy some coins according to Doji pattern for all money he have and it won't work then a trader can get into significant loses.

[wayancrypto]

Trading with technical analysis will be help to decide best times to buy and sell, and time frame in 4 hours and daily will be more accurate than 1 hour chart. But all technical analysis not 100% accurate so remember to use cut loss strategy in every trade. And to make simple and easy in trading by technical analysis use only maximum 3 different indikator.

[Koro-Sensei]

that's a good chart but there are some other graphs too , the thing is there is no guarantee that trend follow any of that chart , there are just some usual diagrams sometimes work sometimes not.

That's what i think too candle sticks are not for every trading site some didn't have one. The problem is that is one hell a lot of manipulation if we rely on such idea as buying at green sides that is unrealistic if you ask me i don't know if it's me but it is not logical true and everyone knows that.

[Maricel2017]

We all have different strategy in trading but your share will helps a lot specially for newbie in this field, for me the important thing is you do not need to be greedy to buy low value coin because it is too risky much better to do safe trading which is buy the much stronger value coin like ethereum, lite coin and etc but you need much higher capital to have good amount of profit.

[notthematrix]

They can also find better tutorials with all details needed on google, it will be a better way to learn

[Hagmonar]

They can also find better tutorials with all details needed on google, it will be a better way to learn

In trading all you need to know is basic and you have to practice it with your own experience the most important is that you have to be petience and always keep calm specialy if you see that your holding coins are down. Dont panic

[jonloner011]

Wow, great. Thanks a lot. I had no idea about these technical analysis. I only knew I should buy when price is low and sell when its high. I have seen some other charts too, but this one looks easier for me.

[BitcoVast]

The technique you can not use when the market is not nomal, and you should avoid news, because when there is big news we hard to read the movement of candle stick

[Andrey123]

The point is to discuss ... until bitcoin starts to grow, everything else is in vain!
Yesterday the candle was bullish, and after 10 minutes the price falls into the abyss.
The whole analysis flies to the toilet!