Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: altcoingamer on August 12, 2018, 09:46:42 PM
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Lots of various levels of experience here would be really neat to hear what people come up with... mine would be...
"RSI is not a good standalone indicator.. things can be overbought or oversold for months!"
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Decent topic, although not sure I could narrow it down to one piece of advice :-\ I would say that I would tell myself to drip feed my investments, don't buy the full amount of a coin at once. Basically dollar average my trades, whether they move up or down, it is (theoretically) a less riskier way of investing.
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Do not be overconfidence after a few good trades. Be focus do not indulge in many things when you are trading.
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in the first day I would tell myself: be not greedy! lock in profits. and I would have enough it quite initially. Greed it is bad also in trade too. She prevents to get profit. When I began to togovat I waited for fast lugky money. And now I understand that it is work
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RSI is not a good stand-alone indicator, you need to look systematically at many indicators of technical analysis.Although my personal opinion is that technical analysis on the cryptocurrency market does not work well.You don't have to rely on him blindly.
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Always watch the news about bitcoin and never fight the direction of the market. Set a sell and buy target and follow it.