My current Crypto purchase

Which indicators do you mostly use with your TA?
What do you look for to sell everything?

Jenxkz said:

Which indicators do you mostly use with your TA?
What do you look for to sell everything?

Click to expand...

It depends upon what I am trading.
For forex, I uses MACD 2nd bar confirmation plus 49 SMA using candlestick as guide for entry. This is a modified version of PAT.
For crypto I primary uses PAT and rely upon candle for identifying support and resistance. Not a fool proof method which is why a stoploss is always in place followed by a trailing S/L.

I am missing opportunities...I thought crypto not working anymore
what to do

Thanks for updating this thread @honestIM. How much influence does what bitcoin is doing have on your decision to open a trade? Are you only interested in looking at the chart for the crypto you are going to trade?

potato165 said:

I don't think MCO could down to $7. Just bought it at 11.7$

Click to expand...

Well it did apparently as of February 8th 2018.

What is next on your radar?

puppettop said:

You're a trader right honestIM? Will you have a certain target in mind for selling already or move a stop-loss up behind the price when/if it rises?

There's so much caution in the market at the minute and quite low volume making me think it's a decent time to make some buys, a range of cap sizes to help mitigate against the market not picking up in February. It's interesting to see what other people are doing so thanks for posting.

Click to expand...

yeah! Now it's a bear market so time to buy!

puppettop said:

Thanks for updating this thread @honestIM. How much influence does what bitcoin is doing have on your decision to open a trade? Are you only interested in looking at the chart for the crypto you are going to trade?

Click to expand...

I usually liquidate my profits and tend not to hold bitcoin due to wild fluctuation. See the logic is this, I can be making profits but there could be sudden down turn on btc value and wipe out all my profits so I ended up with losses. This is why I prefer fiat currency and do not measure my profits in satosh.

I primary look at price action when I talk about chart. I cannot predict the price but I can see the strength of supply/demand through the chart.

Dalrs Maker. said:

What is next on your radar?

Click to expand...

Nothing, standing by on the side for now as there is no strong evidence of buyer buying and pushing up the price at this stage in time.

HiTechBiniou said:

yeah! Now it's a bear market so time to buy!

Click to expand...

I don't know but I am staying by the side for now as I have locked in my profits and waiting for clearer sign of recovery before entering again.

latest bounce sounds not convincing enough. i prefer to wait until $8K before i buy. that being said i have two different strategies. one is switching back and forth from crypto to fiat and another strategy is HODL some different coins for (at least) weeks. as of now i've been hodling DGD, NEO, XLM, ETH, and BTC. hopefully it will be good but I tend to change my mind every few weeks

janeeth20 said:

latest bounce sounds not convincing enough. i prefer to wait until $8K before i buy. that being said i have two different strategies. one is switching back and forth from crypto to fiat and another strategy is HODL some different coins for (at least) weeks. as of now i've been hodling DGD, NEO, XLM, ETH, and BTC. hopefully it will be good but I tend to change my mind every few weeks

Click to expand...

My biggest concern with holding strategy lies in the volatility of underlying crypto BTC. The alt crypto could be making money but if BTC drops, the profit could easily be wiped out. And there is no correlation between different crypto. So if BTC dives, all follow suit. This is why I never measure my crypto profits in satosh and only in fiat currency. At the end of the day, I do not want crypto, I want cash.