I see a lot of people talking about when to sell; but I think that buying is as important if not more (obviously you buy* low -_-). so do you guys aim to buy the lowest low of the day/week/month/... and do you think that is riskier and/or hard to predict. do you wait for price reversals? do you follow expert advice?? please share your thoughts and your stories (successful or otherwise
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Lots of people tell you buy the fear, buy at the dip, buy when it's low, what nobody tells you is where exactly is the low? As in real time you never can be so sure if it's at the lowest low.
But here I will give you a heads up.
What most traders use to predict, even though no one can be 100% correct, is to base their decisions on Fibonacci retracement. If you can learn this method, you can be a little bit successful in the trading market...yes a little as nothing is certain success.
The method follows the prediction of a dip at a percentile of the market reversal based on the movement since the breakout. Say the chart is at the 30%, you can place a buy at the first closing signal of a bull candle, mostly the price action will go up a little bit, if you are correct, the rally continues up, but in case you are not, a little stop loss might stop you out and allow for re-entry at another Fibonacci level, or a stop buy above your buy zone to close at a little profit before the dip again, in case you were wrong.
But then again, all this is bull, when BTC is pumping all alts just f**king give you your balls to eat.