Down trend market is my favourite spot when im trading. You should be reading news everyday so that you can have an idea if the market will pump or dump. When its down trend its time to buy cheaper coin but, the problem is you got no money to invest anymore.
My technique is called scalping ,first thing i do is, ill see the sell order if theres a lot of huge sell order means the coin is dumping. second is ill find where i could properly fit my sell order where the buyers could easily buy my sell order first. My technique is, ill find the bigest sell order and put down below my sell order.
When my sell order is already filled i will find the bigest buy order on the list then, ill put my buy order above on it where i should be the one to be first filled .
On downtrend, i know you loss in profit already but the plan is, sell low, BUY LOWER to accumulate more coins or holding.
Then, when you successfuly find and hit the bottom on the buy order next thing you do is sell it when the market pumps. Then repeat from the top. It will help you accumulate more coins even if your not investing money.
I hope this helps you newbies on trading. Please read carefuly 😊😊😊
My technique is called scalping ,first thing i do is, ill see the sell order if theres a lot of huge sell order means the coin is dumping. second is ill find where i could properly fit my sell order where the buyers could easily buy my sell order first. My technique is, ill find the bigest sell order and put down below my sell order.
When my sell order is already filled i will find the bigest buy order on the list then, ill put my buy order above on it where i should be the one to be first filled .
On downtrend, i know you loss in profit already but the plan is, sell low, BUY LOWER to accumulate more coins or holding.
Then, when you successfuly find and hit the bottom on the buy order next thing you do is sell it when the market pumps. Then repeat from the top. It will help you accumulate more coins even if your not investing money.
I hope this helps you newbies on trading. Please read carefuly 😊😊😊
I will add some things to this that are very important:
#1) You have to use an exchange that has HIGH volume. Like really high. I have tried a dozen exchanges and I would say the only viable ones to do this consistently are Binance and Poloniex.
#2) Your overall goal is to increase the amount of coins you have, so you need to look more at market fluctuation and short term trade history rather than price. Follow the through line and see if there is any trading volatility.
#3) You can reverse this to increase the amount of of btc or eth you own if that is your goal.
By the way, why not just take out a small percentage of your paycheck from your normal job to buy btc when it's cheap? You can do both you know.
