Simply, the OBV is a remarkable technical indicator that can show us if the real money is really buying Bitcoin or quite the contrary they are selling. What we want to see when Bitcoin is failing to break above a resistance level or a swing high and the Ethereum already broke is for the OBV to not only increase in the direction of the trend, but to also move beyond the level it was when Bitcoin was trading previously at this resistance level (see figure below).
The new rule also appears to have a wider affect on foreign nationals who had been using cryptocurrency exchanges in South Korea through a virtual bank account. As the FSC’s announcement pointed out, minors and non-citizens will be restricted from the new name verification service.
NOTE: The Merkle does not condone the use of trading bots. The Merkle is not responsible for any financial losses sustained while using the software mentioned below. The Merkle is not affiliated with any of these trading bots.
There are some exchanges that will let you purchase specific cryptocurrencies for USD, but it’s a better idea to buy Bitcoin first. With some Bitcoin, you can trade into and out of every other cryptocurrency on the market, on every crypto exchange. Remember: you don’t have to buy a whole Bitcoin ($390 as of writing this); you can purchase Bitcoin in fractions known as Satoshis; for example, 500k Satoshis equals 0.005 Bitcoin. The safest, most popular place to purchase Bitcoin is coinbase.com, however you can also go to an exchange that has a USD-BTC pairing to try to trade USD for Bitcoin at a cheaper rate.
1st thing, you should always expect that something could go wrong with a trade and therefor you always size your entry so that it wouldn’t hurt you too bad. Buy no more than 25% of your account in one position. That being said, if you learn to read charts, you will almost never have a bad trade, therefore on the rare occasion when it does turn the wrong way, you wont mind just taking the small loss and jumping into the next trade without hiccup. But yeah I will cover these topics in some videos, I’m writing a note right now, thanks for your topic suggestions. And Thank you very much for the vote!!
The objective here is to identify mid-term trends using technical analysis. Here’s a great article outlining the finer details of swing trading strategies. Bear in mind that this method is probably just as risky as day trading.
In closing, I hope this info helps clear up some common mistakes I see new traders make. Not only that, I don’t often see these issues addressed. Even worse, I see “tips” about how to day trade that are totally the opposite of some of the advice I am giving here.
Analyse historical price charts to identify telling patterns. History has a habit of repeating itself, so if you can hone in on a pattern you may be able to predict future price movements, giving you the edge you need to turn an intraday profit. For more details on identifying and using patterns, see here.
the reason people measure against BTC is because that’s usually the gateway to buying crypto. If you bought a crypto using BTC it only makes sense to measure performance against BTC. You can also measure against ETH. Here is video that explains it pretty well:
Just wanted to know what to do if your currency is doing crazy well and you have made a 100% profit . Do you wait for it to touch the moon as the hype is ? Or you should sell at a profit and hope it comes down and sell again?
It shouldn’t be difficult to take multiple small gains (~10%) throughout the day. Study how to read those candlestick charts! And I’ve found these two rules to be true: Taking small gains is more profitable than trying to hold out until the peak. Most day traders follow the candlesticks, so it’s better to look at the order books than wait for confirmation when you think the price is going down. Secondly, there is more volatility and reward in the coins that haven’t made it to the profitability calculator sites like Coinwarz.
It’s very very easy to make mad money when the market is on an upswing, less so when cryptocurrency enters a bear market. Talented traders, and those with information, can make money on the way up and on the way down.
check out trevon james on youtube, he has some trading videos, also tone vays’ channel, and i want to say the coinigy guys have videos too but dont quote me on that one. There are quite a few people to watch there. Most of them are on steemit anyway. Dont do what they do, just see what they do if/how it works, and if not then you know what not to do. there is a lot to learn from others. even if they’re mistakes!
LOL, I said that the goal for Mazacoin is to become the official currency of the Lakota Nation, never said it was. Nor did I say I believed the story, but at least they started Mazacoin with a goal in mind. What’s Dogecoin’s goal? Oh wait, “to the moon!”
Opportunities – based on your research you should be able to spot investment opportunities and gauge participation based on risk vs reward. Often times grinding out small, low risk moves (such as running arbitrage) can be just as lucrative as catching a big move. Knowing price trends in terms of BTC and USD is vital… sometimes gains can be made in BTC but not USD and visa versa.
When it comes to finding the best bitcoin exchange things are not all that easy. Why is this so? Simply because many of the best sites to buy bitcoin are rather recently online. This means that they have had little to get the word out about their services and products. Most people coming to this page will be asking how to buy bitcoin online through a secure means. Well, here is a good starting point. Let’s see how.