DO YOU BUY WHEN THE PRICE DROPS SHARPLY ? - page 29.

Harsh_Patel

member

Activity: 182

Merit: 10

Algo Trader

Find the congestion point. That will work every time.

How to find the congestion Point?

See the Price changes after price drop. Every time Bear run start fast and dies slow. So look for the convergence of price after price drop.
Volume traded decreases during this time, as people conclude the fairness of the price and think about the current prices.

Look at the News and overall sentiment in the market, it will shift to neutral.
Bolinger Bands will be below Moving Average Price

If these traits are followed, then you will surely see the jump in the prices in the short time.

Matthewmorris4

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Activity: 350

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BitbondSTO.com | Germany’s First STO | Earn Stable

Just drops sharply means "wait a sec" for me. Just buy it without know or wont to know next movement is bad action. Before buy we should do some TA to know where the next price will be, if its still can going down them wait for it and make a bid

noormcs5

hero member

Activity: 2758

Merit: 617

Leading Crypto Sports Betting & Casino Platform

Quote from: wipeout0 on February 28, 2018, 05:39:18 AM

Good day, mates.

My strategy is to buy coins when the price drops sharply.

Sometimes I fail, because the price drops more than I expected.

But, to prevent this worse situation, I put 30% of my budget at the time of initial investment.
If the price getting down again, I put 30% more.

With this strategy, I am getting some money so far.

In conclusion, I recommend you guys to buy coins when they drops rapidly.
After sharp drop, there should be sharp rising. Cool

It is not only your strategy it is basic rule of trading, buy the coins when price drop and sell them when price go to high.
I also do it same like you, when price drop then i buy coins, recently when bitcoin down then i also bought 1 bitcoin. But still i am waiting to see the high price of bitcoin. Being a trader we should patienter then we will get profit in trading.

Harpawan

newbie

Activity: 252

Merit: 0

It has become a natural law in the science of buying and selling, buy when the low price low and sell when the high price of high. Chanya course, when we can know the price already at the lowest or highest point.

whirlcoin

full member

Activity: 602

Merit: 111

Quote from: wipeout0 on February 28, 2018, 05:39:18 AM

Good day, mates.

My strategy is to buy coins when the price drops sharply.

Sometimes I fail, because the price drops more than I expected.

But, to prevent this worse situation, I put 30% of my budget at the time of initial investment.
If the price getting down again, I put 30% more.

With this strategy, I am getting some money so far.

In conclusion, I recommend you guys to buy coins when they drops rapidly.
After sharp drop, there should be sharp rising. Cool

But it is not applicable for all the coins many altcoins will fail to recover if the price fall is huge so it is also risky too,I will invest on the coins which price was stable because these coins can give good profits in long term with low risks.

nskendrovic

full member

Activity: 285

Merit: 100

Yes I always buy when the price drops sharply.

You should at every drip if you have the money. Bitcoin's price will increase a lot in the future so buying at any price makes sense but buying at low points mean you will easily make a profit. It can also take a long time but buying and holding is a good way to make a profit.

macstrong12

member

Activity: 230

Merit: 10

Well , they say never buy in top neither when it is on bottom , because if you are not sure it is the bottom it can goes deeper!
2 points are not very stable , very top and very bottom , between those would have less risk .

wipeout0

newbie

Activity: 137

Merit: 0

Good day, mates.

My strategy is to buy coins when the price drops sharply.

Sometimes I fail, because the price drops more than I expected.

But, to prevent this worse situation, I put 30% of my budget at the time of initial investment.
If the price getting down again, I put 30% more.

With this strategy, I am getting some money so far.

In conclusion, I recommend you guys to buy coins when they drops rapidly.
After sharp drop, there should be sharp rising. Cool

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