Buy when the market is red and sell when the market is green.
Looks like a simple strategy but this is what the basic to make profits and nothing will work better than this in the bear and bull cycles.
Traders please hold your trades and concentrate on accumulating the coins now.
The red and green concept can be tricky and confusing for beginners, in my opinion. Imagine you bought a cryptocurrency when it was at $10 and it was in red at that time, after some time, it dropped to $6 and then stayed within the $6-$7 for about 24 hours or so. Now if that coin starts going up, and hits $8 or $9, it will be in green because these things are determined based on a 24-hour forecast of the coin's performance and show whether it is up or down based on its price before 24 hours.
So, newbies should never see that a coin is green or red when making trades because it doesn't always indicate that a coin is in profit or loss since when they bought it, and they should make sure they are looking at the price that they have bought it at and sell it after it goes above that price.
I feel like red and green could be something that you take a look at at longer term based on when you are trading, or could be shorter term. In that case, it means if you look at longer term, then you see that it went from 10 dollars to 6 dollars, which still benefits you, or if you look at it shorter term, you see it go from 5 to 8 and that still benefits you as well. In both cases, if you loo kat just the next step and nothing more, you know that it should be going up, higher and that means you could buy.
I mean you could consider not buying at 8, but that also makes sense because you should have done that at six, not at eight. I believe that things are a bit more complicated than what we can simply put in this example.
