With regards to altcoins - mostly Ethereum and Litecoins - is there a time of the day/week/month when they tend to go up/down? Im guessing trading on the weekends is quieter than during the week?
Appreciate any input ... thanks
I personally can not say for sure, I've never really paid attention to notice how the Ethereum and litecoin market behave during the weekends, but I guess is that it won't be any difference from other coins.
Trading Cryptocurrencies is not like trading Forex yet, if you were once or still a Forex trader who wants to trade crypto too, then understand that crypto currency and forex trading are two different worlds far away from each other, trading crypto requires its own strategy and that you have to build yourself as what works for another might not work for you, so it's best for you if you learn to build your own trading strategies.
Of course we should not equate crypto trading with forex trading, because they are indeed different. So not necessarily people who are successful
when trading forex will also be successful when trading crypto. Although we are indeed people who managed to make a profit when trading forex,
but if we want to trade crypto we have to start from scratch learning all things about crypto first. Moreover, the volatile crypto market makes it
more difficult to predict, so we must be willing to learn in depth about crypto, to really understand how crypto works. It is not easy to be
a successful trader in the crypto world, there are many things to learn, even I have been trading crypto for 5 years, until now I still don't stop
learning about crypto. Regarding Ethereum and Litecoin, they are still in a bearish trend, we really have to be patient in the current market situation.
Use the bear market as an opportunity to accumulate coins that we consider potential, and I think Ethereum and Litecoin are coins that have
a bright future, so don't hesitate to buy Ethereum and Litecoin.