User:
https://bitcointalk.org/index.php?action=profile;u=2318357Step 2: Perform Technical and Fundamental Analysis
Before trading, you must learn to analyze bitcoin price movements technically, that is by understanding indicators and trading tools that are in line with the characteristics of the bitcoin movement on the market. You also need to be able to analyze the news (fundamental analysis) both global news and news events that appear at any given time and its nature can affect the movement of the bitcoin price trend.
What if the results of the Technical Analysis with the Fundamental are opposite ??
Well here I personally suggest there are 2.
If you are a Trader short Term, then take Fundamental Analysis, because the reaction from News / Event is usually fast so we can take a short take profit action.
And if you are a Long Term Trader then stick to Technical analysis.
Step 3: Understanding Bitcoin Movement Characteristics
Bitcoin price movements in the market have certain characteristics that are influenced by several factors in the form of fundamental and technical news, as well as certain other things that have their own uniqueness. The more often you trade, the more you understand the character of the bitcoin movement, to become the natural instinct of a pro trader.
Original:
https://bitcointalk.org/index.php?topic=2294507.435;wap2Some steps to becoming a trader are:
- Conducting Technical and Fundamental Analysis
Before trading, you should learn to analyze the bitcoin price movement technically, by understanding the indicators and trading tools that match the characteristics of bitcoin movement in the market. You should also be able to analyze the news (fundamental analysis) of both global news and news events that appear at any given time and its nature can influence the movement of bitcoin price trends.
- Understanding the Characteristics of Bitcoin Movement
Bitcoin price movements in the market have certain characteristics that are influenced by several factors either fundamental or technical news, as well as certain other things that have their own uniqueness. The more often you trade the more you understand the character of bitcoin movement, to become a natural instinct of a pro trader.
This was posted in bitcointalk yet I cannot find the post so just refer to the link.
Understanding candlesticks and their movement patterns is very important in trading, why? Because Candlesticks can predict the movement of bitcoin prices in the next few candles. By understanding the candlestick and its movement patterns, you can predict the trends that will occur. Like the saying, "history always repeat its self" or history usually occurs repeatedly. For that, you need to know the usefulness of candlesticks in order to profit from bitcoin trading on the market.
Original:
But before that, need to explain some important steps in doing the right bitcoin trading, Understanding the candlestick and movement patterns is very important in trading, why? Because Candlestick can predict price movement of bitcoin in some candle forward. By understanding candlestick and movement pattern, then you can predict which trends will occur. As the saying goes, 'history always repeat its self' or history usually occurs repeatedly. For that, you need to know the usefulness of candlesticks well to take advantage of the bitcoin trade in the market.