Post
Topic
Board Beginners & Help
Merits 1 from 1 user
Re: Comeback is real.
by
Lucius
on 19/04/2020, 09:38:02 UTC
⭐ Merited by JayJuanGee (1)
I just want to ask for some advice from the experts here in the industry. First, do I need to study different technical analysis? Will it be helpful once I'm into trading cryptocurrency?

TA is something that can help you in trading, but you cannot rely solely on it, because it is not something that can predict the future. If that were the case, many would get rich just by looking at the charts, assuming they could interpret them correctly. Without being offended, I think there are many who think they are experts, but a lot of TA is really in the sphere of speculation and drawing lines between some points that someone thinks are important or perhaps crucial. I think you can find some information in Trading Discussion, and some members post their charts in Speculation board, for example : Globb0 BTC charts.

Second, do you know some famous crypto fanatics whose giving some good tips about crypto trading which I can follow and learn from? Lastly, what do you think are the good coins now to look forward to. I can see on the chart that there are lots of new coins in the top compared to what I knew way back few years ago.

Everyone is shilling his own coin, or coin in which he/she has some interest. Each claims to be the best, the fastest, to have the lowest fees and that it will revolutionize the crypto market. As you notice, there is a lot of new coins, and besides few altcoins which hold their positions for years, others are just there to make some quick profit after which it will fall into oblivion. Playing with such coins equals gambling, so if you think you can pick the right number or the right color try your luck Wink