Post
Topic
Board Speculation
Re: How do I identify end of rally?
by
hatshepsut93
on 30/11/2017, 11:58:32 UTC
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

Most altcoins are being pumped and dumped by manipulators - so any kind of analysis is useless in this case because there's very little liquidity. Indicators can only be used with some success in Bitcoin trading and a few altcoins from top 10. And getting early signals is almost impossible on crypto markets because of their volatility - it's better to try and predict the price as close to the top as possible, place an order and relax instead of watching charts constantly and trying to day trade. If you want to successfully trade smaller altcoins, it's important to learn how to buy low, because panic buying on pump is a very common mistake.