Quote from: Sadlife on July 22, 2018, 04:21:32 AM

I suggest to buy now while the price is still in a cheap price in fact it's already gone up to $7500 then a slight loss that made the price at $7414 but still manage to hold on to it's gains. My recommendation is to buy now then hold and wait for the price to surge then sell, simple strategy no need technical analysis.

It depends. If you plan to hold your coins for the very long term (few years at minimum) then it doesn't really matter if you buy today or tomorrow; the minimal short term changes won't affect your long term gains at all. In other words, you can just as easily wait for the market to climb up further if you aren't sure yet, and the technical details don't really matter here.

Technical analysis, regardless of how basic, is a very important aspect of trading and any short term investment. If you disregard everything and blindly jump in at whatever price to sell higher next month, you are pretty much gambling. If you would have done some prior research/analysis, you would see that the price is a tad bit overbought right now and in general not low at all. If the price was actually low the market would have bought it up again. Wink