Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: moonking on October 18, 2018, 04:46:15 AM
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To be honest I love when the prices for coins are falling, everyone is panicking, the transaction speeds are fast and cheap. The only strategies I know for falling market is to buy as much as possible, and wait till the price jumps. Anyone has interesting falling market strategies they are willing to share?
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Just like you, when everyone panics about crypto market downtrend, I just take the opportunity to buy some new coins that I think are potential for long-term investment. So I bought a few coins in small amounts in the hope that the coins could give me an advantage.
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To be honest I love when the prices for coins are falling, everyone is panicking, the transaction speeds are fast and cheap. The only strategies I know for falling market is to buy as much as possible, and wait till the price jumps. Anyone has interesting falling market strategies they are willing to share?
I use 200 day Moving Average on day charts to examine how far above/below a token is for a buy/sell opportunity and whether it falls through or gains support on this to confirm bear or bull trends.. its a very simple indicator that will definitely show you areas on a chart that you should not be participating, which is really important.. for example look at Bitcoin as far as 200 MA goes in the chart below...
(https://www.tradingview.com/x/U4qhozMf/)
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To be honest I love when the prices for coins are falling, everyone is panicking, the transaction speeds are fast and cheap. The only strategies I know for falling market is to buy as much as possible, and wait till the price jumps. Anyone has interesting falling market strategies they are willing to share?
Indeed, when the price of coins in the market lowers prices very quickly, it is time for us to buy and choose coins that we think have good potential in the future with as much as we can hold until prices will rise as high as we hope we will sell them, so we will get a big profit.
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There is this quote or a trading proverb that I read which says "Even Dead Cat Bounce" From what I understand, you can earn by trading on a downtrend. Price falls but bounces before it falls again. Refer to this image https://speedtrader.com/wp-content/uploads/2018/04/deadcatbouncechart.jpg
I'm having difficulty applying that.
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To be honest I love when the prices for coins are falling, everyone is panicking, the transaction speeds are fast and cheap. The only strategies I know for falling market is to buy as much as possible, and wait till the price jumps. Anyone has interesting falling market strategies they are willing to share?
I use 200 day Moving Average on day charts to examine how far above/below a token is for a buy/sell opportunity and whether it falls through or gains support on this to confirm bear or bull trends.. its a very simple indicator that will definitely show you areas on a chart that you should not be participating, which is really important.. for example look at Bitcoin as far as 200 MA goes in the chart below...
(https://www.tradingview.com/x/U4qhozMf/)
Awesome, thanks for a great reply and an awesome chart. Yeah it kinda looks looks like bitcoin is about to explode up when its charted out like that. I always liked charts but never got to apply them in crytpto, will definetly have to look into moving averages.
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I also like it when everyone panics sells and causes the coin price to go down. On that occasion I will take a large number of coins. And I just have to hold back until the bull market comes to give me an advantage.
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To be honest I love when the prices for coins are falling, everyone is panicking, the transaction speeds are fast and cheap. The only strategies I know for falling market is to buy as much as possible, and wait till the price jumps. Anyone has interesting falling market strategies they are willing to share?
I agree with you, every downfall is a good opportunity to buy those quality coins at lower price and then hold until the price bounce back to give us a good profits. I think this is the only strategy we can do while the market is in bearish situation.