Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: ayatoslaw on January 23, 2019, 05:37:38 AM
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in trading, there are so many ways that we can get maximum profit or to avoid cutloss,
one way is not to buy coins while in an overbought state, that is, when there are a lot of traders buying at the same time.
how to see it is by not targeting coins that have gone up.
it is an overbought look and we must avoid it.
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in trading, there are so many ways that we can get maximum profit or to avoid cutloss,
one way is not to buy coins while in an overbought state, that is, when there are a lot of traders buying at the same time.
how to see it is by not targeting coins that have gone up.
it is an overbought look and we must avoid it.
Well thats the right thing to do. honestly in my own experience im not use to buy coin/token that has no tract record in the previous trading days. mostly im looking on the volume in the last 5 days and then i compare from those results thats the way i chose a particular coin/token to trade.
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Trading requires the right time to make a profit, at the wrong time we will get a loss due to panic and impatience in trading.
The market situation is currently in a bearish trend and until now I have not seen an increase in the price of coins that I have
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How to decide if you overbought or not? I mean there are always rooms in the pockets if you believe in a project or projects, so it won't be enough. Never.
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That's right, I agree with you, if the chart shows an overbought leg, we will wait below the lowest rate because if the overbought limit is crossed by the koi it will be difficult to rise again, so we just wait at the lower rate.
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Buying coins that have gone up or pumped is usually the result of "FOMO" It's a common rookie mistake.
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How to decide if you overbought or not? I mean there are always rooms in the pockets if you believe in a project or projects, so it won't be enough. Never.
Overbought meaning the coin has been pumped already. Avoid buying those because a dump will surely follow
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The strategy in trading is buying oversold and selling overbought. So that is the right thing to do technically. It is feared that if you buy at the price above, what happens is the opposite. Prices will stop moving and begin to fall because people who have bought at low prices will profit from their transactions. So it's very risky we buy when the price is overbought and it's better to wait when the price corrects down.
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I don't fully understand how I can be overbought. If a large number of people buy an asset, it means nothing.
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Yes, never force yourself to buy more coins if you have already had too many coins. Know your limit, that's why don't hold all coins on wallets. I also keep my coins but only the most potential coins. For the coins with not really promising future, I usually sell them when the prices are quite good.
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~snip~
Overbought meaning the coin has been pumped already. Avoid buying those because a dump will surely follow
It is a must to avoid buying when the prices look like have already pumped. You should wait the end of pumping while selling the existing coins you have if you want to trade them. It is true, dumping will follow the pumping, it sometime happens very soon..
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Don't try to be greedy guys. It will lead you to more losses. When the time for buying is already over, you must stop soon. Be smarter to analyze the market trends, it will be very helpful to prevent losses.
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That's one of the biggest dangers. Definitely try to make an unconscious al sat. This will give you some time, but it will lose you most of the time. We need to be very careful.
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Calculate these coins in advance is quite difficult, which is why small corrections such coins are much better to buy.
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Yea I already have invested 100 Ethereum and 40 BTC when market value high prices. But now price is completely dumping hence I interested in investing some top ranked coins.
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Please consider the situation and graphics in the crypto market :), then you will easily conclude the current situation. Declines occur from day to day, then which chance will be on my side to buy? I am aware and understand that if I just shut up and see it will not make a change. In my opinion,Buying seems like the right choice for now, Thanks. :D
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It is surely needed to make certain strategy when start trading and investing. there is no need to overbought or even panic sell or buy in crypto because it will be very risky. I really agree with you.
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There is also that instance when what looks overbought continues to pump out of hype but the chances of that happening is less than the chances of the coin going to be dumped. If you do not want to take that risk of getting dumped on, staying away from already pumped coins is a good choice.
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Overbought is not considered to be the number of people who participate in the transaction, but the trading volume that is fixed on the asset.
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Always need to calculate all the risks and possible losses before buying any coins. start with a small investment, and only typing a certain experience, you can increase rates. Be extremely careful and do not risk much in the pursuit of big profits. I wish you all good and good profits !!!
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How to decide if you overbought or not? I mean there are always rooms in the pockets if you believe in a project or projects, so it won't be enough. Never.
Overbought meaning the coin has been pumped already. Avoid buying those because a dump will surely follow
right, it's better to buy low coins from the beginning of the exchange so that there is a possibility that the coins will pump
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Absolutely we have to avoid overbought if we do not want to experience losses, surely every experienced trader knows a situation like this, so they can face it, but for traders who are beginners, this information is very important to note in every trade
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You must know the limit for every decision. Overbought means the time for buying is already over, so you never think to buy more. Commonly, the prices tend to decline after the phase. You should keep yourself to stay away from overbought.
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If the asset has sharply attracted the attention of a large number of people and you notice it at an early stage, there is nothing wrong in buying.