Crypto Traders help please? How to know the trend of Crypto money

Wind_FURY

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Quote from: ASHLIUSZ on April 11, 2017, 12:39:45 AM

Quote from: Wind_FURY on April 10, 2017, 05:27:46 AM

Quote from: layoutph on January 21, 2017, 10:03:05 AM

In Forex, trends of currency is no magical. It can be predicted from news like Bloomberg, etc. How about crypto money? alt coins? Would you mind to share how will I know which coin is profitable to buy or sell.

No, it cannot be predicted by watching the news like the ones they have at Bloomberg. If you think it can then you need to learn more about trading. Trading news are mostly "market noise". It does more bad than good in your trading.

Quote

Can you give trading websites, good news to learn trending coin or tools can be use in crypto trading.

I just starting to self study trading with crypto.

I'll update this OP for the tips I will get in your comment along with your user name to serve as credit. Grin

Thank you in advance.

Self study will make you lose a lot of Bitcoins. It is better to find someone who is willing to teach you. There are trading chat groups out there that accept newbies.

Chat group members just explain the users all about their experience, but when we go and experiment ourselves only can understand the real growth of bitcoin. Also close observation of the price helps you to really understand the reality and profit out of it.

Not true. There are some members that are helpful. Find one who is good at trading and befriend him or her. If you are lucky he or she could take you under his or her wing and teach you the proper trading methods. From there, your experience will grow. Later your trading style will differ from them because you will finally trade a style that is fit for you and you alone.

ASHLIUSZ

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Activity: 994

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Quote from: Wind_FURY on April 10, 2017, 05:27:46 AM

Quote from: layoutph on January 21, 2017, 10:03:05 AM

In Forex, trends of currency is no magical. It can be predicted from news like Bloomberg, etc. How about crypto money? alt coins? Would you mind to share how will I know which coin is profitable to buy or sell.

No, it cannot be predicted by watching the news like the ones they have at Bloomberg. If you think it can then you need to learn more about trading. Trading news are mostly "market noise". It does more bad than good in your trading.

Quote

Can you give trading websites, good news to learn trending coin or tools can be use in crypto trading.

I just starting to self study trading with crypto.

I'll update this OP for the tips I will get in your comment along with your user name to serve as credit. Grin

Thank you in advance.

Self study will make you lose a lot of Bitcoins. It is better to find someone who is willing to teach you. There are trading chat groups out there that accept newbies.

Chat group members just explain the users all about their experience, but when we go and experiment ourselves only can understand the real growth of bitcoin. Also close observation of the price helps you to really understand the reality and profit out of it.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: BTCLovingDude on April 10, 2017, 07:53:47 AM

that is the problem with crypto trading!
there is no rule for them, you can't find anything and point to that and say this will cause price to go up or down. of course for bitcoin it is a bit different though. for bitcoin you can do it to some extent although it is not like forex or other markets.
but in altcoin trading there is nothing you can do to predict them.

there are some signs that you can look for on the charts and also some rare cases in the news but other than that it is up to the altcoin pumpers to decide when and how much they pump and altcoin and give it some trend.

A pure technical trader will disagree with you. For them fundamentals do not matter because they base their trades on price movement, volume and with a little bit of psychology. They will argue that all trading markets are the same and tradable but with small minor adjustments in their trading style and strategy.

BTCLovingDude

legendary

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BTC to the moon is inevitable...

that is the problem with crypto trading!
there is no rule for them, you can't find anything and point to that and say this will cause price to go up or down. of course for bitcoin it is a bit different though. for bitcoin you can do it to some extent although it is not like forex or other markets.
but in altcoin trading there is nothing you can do to predict them.

there are some signs that you can look for on the charts and also some rare cases in the news but other than that it is up to the altcoin pumpers to decide when and how much they pump and altcoin and give it some trend.

alyssa85

legendary

Activity: 1652

Merit: 1088

CryptoTalk.Org - Get Paid for every Post!

Most speculators concentrate their pumps near "news", because they know that noobs believe that news moves markets, and will therefore pile in.

Here are some articles from 2014 about wolong and the famous doge pump (which took the coin to 200 satoshis):

https://www.dailydot.com/business/wolong-dogecoin-market-control-trader-bitcoin/

http://imaginarymarkets.com/looks-like-the-famous-wolong-really-made-10000-bitcoins-off-pump-and-dumps-after-dogecoin/

There were some foolish people who thought that the pump meant doge was going mainstream and bought near the 200 satoshi point...

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: layoutph on January 21, 2017, 10:03:05 AM

In Forex, trends of currency is no magical. It can be predicted from news like Bloomberg, etc. How about crypto money? alt coins? Would you mind to share how will I know which coin is profitable to buy or sell.

No, it cannot be predicted by watching the news like the ones they have at Bloomberg. If you think it can then you need to learn more about trading. Trading news are mostly "market noise". It does more bad than good in your trading.

Quote

Can you give trading websites, good news to learn trending coin or tools can be use in crypto trading.

I just starting to self study trading with crypto.

I'll update this OP for the tips I will get in your comment along with your user name to serve as credit. Grin

Thank you in advance.

Self study will make you lose a lot of Bitcoins. It is better to find someone who is willing to teach you. There are trading chat groups out there that accept newbies.

pooya87

legendary

Activity: 3472

Merit: 10611

the same thing apply here too but with some small differences.
for bitcoin it is always about adoption and whatever that can increase it, can increase the price too. but adoption takes time and it won't happen overnight. for example the news about Japan which has started last year is one of the things that is increasing the price, you may not even notice it but it has been increasing the adoption and it has sped up recently. and will continue to do so.

unlike bitcoin altcoins don't have any usage. they are only there to be traded. mostly pumped and dumped and for that there is only hype. when they spread some useless news and mostly exaggerate it, the price with some additional manipulations goes up.

in short you need to learn how to differentiate between a false and exaggerated news and a real one and effect of each of them.

Sled

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Activity: 1680

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Bitcoin- in bullish time

Quote from: layoutph on January 21, 2017, 10:03:05 AM

In Forex, trends of currency is no magical. It can be predicted from news like Bloomberg, etc. How about crypto money? alt coins? Would you mind to share how will I know which coin is profitable to buy or sell.

Can you give trading websites, good news to learn trending coin or tools can be use in crypto trading.

I just starting to self study trading with crypto.

I'll update this OP for the tips I will get in your comment along with your user name to serve as credit. Grin

Thank you in advance.

To know the trends of cryptocurrencies or altcoin or even bitcoin, make sure that you are updated to the news or updates of a specific coin and make sure that you will always look for the news,updates or progress each day so you will not avoid the possible gateway to earn or get a profit. It is very easy to know what is the trend if you are always updated.

avatar_kiyoshi

legendary

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I think you should learn about support and resistance, it will help you to predict where the price direction.
Try MT4 platform, simpleFX provide it.

About fundamental, some website news like coindesk provide you the latest trend of cryptocurrency (more likely about bitcoin).
Also you can see the speculator as reference, don't easy to follow they advice, you should research first.

thebatletbet

hero member

Activity: 588

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if you familiar forex trading, familiar use metatrader 4 and all indicator in metatrader 4
you can learn crypto trading in fxopen, in there many support altcoin trading, bitcoin, litecoin, ethereum and more

about fundamental news in bitcoin, only issue, about exchanger hack, blocksize , bitcoin unlimited, hardfork and regulation

ekoice

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Activity: 742

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Quote from: layoutph on January 21, 2017, 10:03:05 AM

In Forex, trends of currency is no magical. It can be predicted from news like Bloomberg, etc. How about crypto money? alt coins? Would you mind to share how will I know which coin is profitable to buy or sell.

Can you give trading websites, good news to learn trending coin or tools can be use in crypto trading.

I just starting to self study trading with crypto.

I'll update this OP for the tips I will get in your comment along with your user name to serve as credit. Grin

Thank you in advance.

Altcoin market is totally different.Most of the coins are just pumped and dumped.You should do a thorough research about altcoins,which are old coins,what is their market cap,their trading volumes,etc.For trading site,you could even click the link in my signature below.

Rockie1234

sr. member

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Merit: 251

1. You need an exchange to trade on, many good ones such as: Poloniex, Bittrex, btc-e and so on.
2. Somewhere to analyse charts, a lot of exchanges have this built in, but you can also use external websites such as CryptoCompare
3. Learn how indicators work: Poloniex for example has Moving Averages and Bollinger Bands.
4. For altcoins, look at the FEATURES of the coin. Many scams will try to trick you with buzz words like decentralised. If they say something, make sure it is true.
5. Also, check how active the altcoin community is, saves you from a lot of bad investments.
Hope this helped!

jacaf01

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Activity: 742

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The revolutionary trading ecosystem

Since there is no strong cover of cryptomarket what I do is to get the road-map of every projects have invested or interested in, look at the timeline, so this help me in sell and buying, I also subscribe to daily customized Google new for all these coins, so know if there is any new news on them.

Idrisu

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There are many websites that provide trading platform and available cryptocurrencies. I do use yobit and poloniex to technically analysis the market. My fundamental analysis sites are: reddit.com/r/bit, reddit.com/r/bitcoin and coindesk. But remember, what matters most in cryptocurrencies trading is not discovered of market trends because bitcoin and altcoins price fluctuations and are very volatile. Bitcoin and altcoins traders should spend much time in looking for coins volume as this is what determine price movement in cryptocurrencies world. This morning from coindesk, bitcoin price has raised to $938 and marketcap.com is showing higher volume in bitcoin.

layoutph

sr. member

Activity: 1372

Merit: 255

In Forex, trends of currency is no magical. It can be predicted from news like Bloomberg, etc. How about crypto money? alt coins? Would you mind to share how will I know which coin is profitable to buy or sell.

Can you give trading websites, good news to learn trending coin or tools can be use in crypto trading.

I just starting to self study trading with crypto.

I'll update this OP for the tips I will get in your comment along with your user name to serve as credit. Grin

Thank you in advance.

Topic: Crypto Traders help please? How to know the trend of Crypto money (Read 859 times)