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Topic: Should I look at XXX/BTC or XXX/USD or XXX/ETH charts for TA? (Read 112 times)

sr. member
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
There are so many coins like EDO/BTC, EDO/USD, EDOETH which are available as different pair. If I want to do Technical Analysis, should I look at BTC or USD or ETH pair?
Just look to a pair that you’re interested and besides they are just the same when it comes to its value. I usually look at the chart on BTC pair since I’m trading with my BTC which is more convenient for me, well it will also depend on the currency that you have. TA can work on different currency, just know how to do it properly.
legendary
Activity: 3178
Merit: 1054

go over to the charts being shared in the forum. you have to notice the charts that people are sharing in the trading section, they are mostly on BTC/USDT. this is how they make money from coins, if you like to trade with ETH, you go to ETH/USDT or whichever stablecoin there is. 

crypto traders may like accumulating BTC and ETH but the most important here is the stablecoin because your money can be counted.

but why EDO? hybrid exchange is different from DEX.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
There's no such thing as like the "best trading pair for trading". Take a look at all of them, and look for opportunities. It also depends on what asset you want to hold though. If you want to look at your profits in BTC, maybe because you're just going to hold your BTC profits, then use the BTC trading pair.
full member
Activity: 186
Merit: 253
It totally depends on your strategy. People who believe that bitcoin will reach USD 50k someday care about XXX/BTC pairs only.Their ultimate goal is to accumulate BTC as much as possible and then sell it at high price. Cautious people might prefer XXX/USD (USD or any other stable coins) pairs, which can eventually bring them profit in USD - certain profits. You can apply the same logic to XXX/ETH pairs however I don't find many traders go for this way. Professional traders usually trade both /BTC and /USD pairs but the principle is that if you buy a /BTC pair then you should sell it at /BTC.
newbie
Activity: 7
Merit: 2
There are so many coins like EDO/BTC, EDO/USD, EDOETH which are available as different pair. If I want to do Technical Analysis, should I look at BTC or USD or ETH pair?
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