Guys, I am rather new to trading. Initially when I did get into crypto currencies my idea was to select a few coins and HODL until their value appreciated and maybe cash out some tokens whenever i am in need of money. Little did I know I was in for a big surprise few months into crypto currencies the market was so volatile.
However from what I noticed was if a trader, learnt to sell off in the high and then when the market inevitably pulls back we could secure ourselves a much higher position in the same tokens or different but for this to be done we need to be pretty good in our TA i guess and I am now very determined to explore this side. Can anyone please advise me how I should get started, some recommendations of what to read, what to watch and also the risk associated with what I plan to do.
Thanks so much.
I think I learned this principle through experienced and I don't think that it is good to place any trade without adequate knowledge and understanding of your exist point either in bearish or bullish trend and directions. For example I just watched a trade this afternoon when pin bar was developed in of the coins I was monitoring and I post in a group that FUD has been created and that bull run will commence when graft hit 250satoshi and that is exactly what play out. I learned through experience in following TA.