Post
Topic
Board Trading Discussion
Re: the right time to trade, or wait until the market returns to normal?
by
bitChipper
on 10/10/2018, 13:49:52 UTC
for now the market price is very difficult for me to predict, because it is difficult for me to be able to analyze prices, and lately it is difficult for me to get a profit, exactly what I get is defeat, what is your solution to be able to deal with the market price situation which is very difficult for me to predict, can a trader who is proficient in trading can share his experience in trading for me?

You can't force trades when the conditions are not right, there is very little volatility right now so prices are just not moving much.

https://www.coindesk.com/another-measure-of-bitcoin-price-volatility-hits-15-month-low/

It kind of depends on what you are trying to trade, if you are looking to trade the big cap coins then there really isnt any moves to make, prices are going sideways.

On the other hand if you are looking to trade altcoins thats a different story, many altcoins in the past few months have had 50-100% increases. The most obvious one is ripple, they had solid news and development backing that up though.

The other coins like....say....Mona, Rubycoin, Spreadcoin ect ect....these are small cap coins and there doesnt seem to be any real reason why they pump. Its really difficult to catch these moves vs. the one move with ripple.

So stay up to date with current news and trends, research higher market cap altcoins and look for upcoming events that could effect price, lastly set tight stop losses to minimize your losses. Start getting accustomed to tradingview and charting

tradingview.com

Me personally I am accumulating certain alts at their (or close to) all time lows looking to hold long and sell much later for big gains.

Good luck