Topic: Which coins are easy to trade? - page 3. (Read 489 times)

When asked, Which Coins are easy to trade? I think all kin is very difficult for me. The highly volatile price of coins makes it difficult for me to speculate on which coins will provide an advantage.

Ecomi or OMI token is just easy to trade now because it is one of the trending altcoins about NFTs. With the alt season, we can notice its price range to do scalp trading. Other altcoins can be traded within price range too like ADA and BNB.

But for me there is no such coin that is easy to trade. It is just because of bull season that we are able to trade smoothly and we should take advantage of it while it lasts. After this ends, most of the alts will dump again and those who really have serious projects will stay.

For your information mate all coins in the market are easy to trade wherein it just depends on the situation in the market because some of the coins is so volatile..So if you want to try trading.. I suggest educate your self more.. it wasn't easy trust me.! and you know what, mostly beginners in trading end up panicking because of being lack of knowledge.. So be aware.  Don't put your money in a risky situation cause there's no way you can regain all your losses in it, especially at this point wherein you have no idea how it really works.. Just saying

Looks like you have to learn a little more before you decide to trade in cryptocurrency. Moreover, the coins you mentioned were just listed on the exchange, it could be that the coin is experiencing temporary hype and price manipulation may still occur. So far there are no coins that are easily traded, because the cryptocurrency market is very volatile, so anything can happen in a matter of minutes.

the token is about collectible and NFTs so don't come wondering how come this coin got about $48,533,50 volume a day. i'm beginning to think NFTs are really worth buying. the price of the token started very low last month and in just a month, you now can't buy 500,000 of its token worth $1K.  it could be an easy thousands if you're an early investor.

the easy to trade is the BTC/USDT. this pair changes a lot.

Don't be too confident that the price will rise up and down between those price ranges. All crypto is hard to speculate and the market is volatile sone altcoins gets dumped for over half their price in just a few minutes. Everything can go sideways. I myself am not an expert in trading so I mostly hold altcoins long term always waiting for each dip and sell them at a certain price for profit. Day trading is time-consuming, but if you have the luxury of time, educate yourself and gain more experience.

all altcoins are quite hard to trade because we dont know the flow of coin in market only whales control the market.we only rely on graphs and volumes of specific token. analytical skill would be good if you are in trading matters. just reatd some news about new and hype coins so that you can invest in and gain profit.

Yes, I guess I am asking for a lot but the only reason that I ask that much is because it's what I am currently experiencing and was curious to know whether this is a one off or if there are other coins that follow such easy patterns to profit from. From the sounds of it I have been getting spoilt and this is a one off.

Since I posted this a few hours ago I needed to get some sleep and OMI was heading upwards towards .97c so I made some sell orders between 0.097 and 0.98 which freed up some funds to set some buy orders before I went to bed.

I set some buy orders at 0.901, 0.911, 0.921 and 0.931 and set an alarm to wake me up a few hours later. I woke up and all but the 0.901 buy order had been triggered. On top of that, OMI has now climbed back up to 0.98 and is very close to triggering my sell orders at 0.989 and 0.999. (0.989 just triggered before I could finish this post)

I've cleared a few sell orders from 0.97-0.98 to free up some more funds and set another lot of buy orders from 0.911, 0.916, 0.921, 0.926, 0.931, 0.936 and 0.941.

I'm going to go back to sleep now and half expect that I may wake up to some of those lower buy orders being triggered. Now that I've posted this, I'm sure it will just fly past 1c instead or skim the top of my buy orders lol but we'll see.

I think you're asking for too much. You want a coin that fluctuates so much but is so predictable to make some profit. It's a trade secret for most traders out there. Though almost every cryptocurrency in the top 50 fluctuates so you can start with that and try to use different exchanges.

Hey, thanks for the response. I feel like it has been easy to trade firstly because it has regular big spikes up and / or down before returning to a similar level where it had been before the spikes. These spikes can wipe out your buy and sell orders and then the return to it's previous level allows you to almost instantly buy / sell for a nice profit. I hope that makes sense?

If you look at the buy and sell orders here, that big green spike wiped out my sell orders at 0.996, 0.998 and 0.999 and then dropped a straight back down allowing me to buy back in minutes later at 0.851, 0.861 and 0.902.

https://imgur.com/a/GgBqPo5

Secondly, it seems to be somewhat predictable, in that it gets caught in channels between each 0.1c where it seems to go up and down a few times from the top of the channel to the bottom and back before moving on to the next channel. Here's a couple of pictures on the 15 minute chart of it recently getting caught in channels from 1c - 1.1c and then later from 0.9c - 1c:

https://imgur.com/a/PAvPVq4

https://imgur.com/a/MmU6eV5

This allows you to set buy orders at the bottom of the channel and then sell orders at the top over and again until it breaks out into the next channel. I guess it's a small sample size and probably won't remain this predictable for long but it has been quite easy to take advantage of those channels while it has seemed to be flowing within them.

Diversifying is always recommended but be sure on what are coins you do tend to engage in and also there's no such thing about coins are easy to trade because

everything on this market is really hard to be traded off but speaking of which one is really worth then better stick out with high liquidity or high volume tokens

that you can see where you can prove out that this is a good coin/project for you to trade on.Dont go with simply pumps and dumps kind of projects
because this will be the reason for you to lose money instead.

You said don't put all your eggs in one basket and then suggested the opposite . (I had to...)

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Op if you're trying to learn then forex is quite forgiving (especially if you stop trading at news and pull your positions).

Developed countries are generally quite stable when nothing democratic occurs (elections or referendums).
Other than that you could look at coins with good volume or market cap (pairs exchanges will normally suggest). If you can find a repeating pattern then it may be tradeable.

Hi, I hope I'm not coming across as shilling the coin. I have no intention to do so. I did make a review of it which I posted above which could make it look like I am shilling the coin but I can assure you that is not my intention, I have been posting on this forum since around when I got into Bitcoin in early November. Your prediction has already happened to be fair as it did with most of the NFT coins. It pumped from .032c to 1.32c and is now back at 0.94c but as I mentioned in the post above, the trades that I have been making have allowed me to retain a decent proportion of my profits during the downtime.

Just a quick question, from the points I made in the OP, can you see why I think this coin is "easy" to trade? It does seem a bit too good to be true and maybe it is but these spikes and the fairly regular flows between support and resistance levels have genuinely made me feel like it can be easy to make money with the right coin due to these attributes.

Hey, thanks for the feedback. The thing is, the market hasn't been going my way. It started off well when I first bought into OMI at 0.35c at the start of the NFT craze and it soon went up to 1.32c, since then it has dropped back down to 0.91c at present. During this period I have lost some of my profits but the strategy has minimized my losses quite considerably so I can continue to trade with the profits that I have left. I have watched quite a few trading videos (I really liked the beginner course by CottoncAndy) but felt that my time was better spent researching the coins that I am invested in as I was initially planning to HODL, however an opportunity seemed to present itself for me to attempt to trade.

Whilst I'm not an experienced trader, I have researched my investment very thoroughly to the extent that I have written a review of OMI and why I feel that it is a good investment:

https://bitcointalksearch.org/topic/nft-review-chz-vs-omi-5325347

I have found that the ups and downs of OMI have been a lot less stressful over the last few days as I don't feel the need to overinvest, can keep some of my money in USDT and am able to make money whether it goes up or down. Maybe it will come back to bite me and if I start losing money then I can stop but at the moment, the strategy seems to be working well time after time and so I have no reason to stop right now. I don't mean to appear arrogant, I understand that trading in general is very difficult, however for the reasons stated, OMI seems to be an ideal coin to trade.

Be careful, because the coin that you have said is a new coin listed on the exchange and it could be under the hype group that easy to manipulate the price.
I hope you're not shilling this coin here too.

There's no easy coin to trade if you know the price will always fluctuate which makes the coin so volatile in the market (unless, if you could predict the market like having a crystal ball), including the price of those leading cryptocurrencies like Bitcoin and Ethereum.  However, as I see, this coin is in USDT trading pair, IMO it could be easy to manipulate.

Good thing that you can able to make a profit while this coin is on the hype but be careful because it might a short period of time of happiness and then later on that coin will dump so much.  My advice, "Dont put all your eggs in one basket" or much better stick on Bitcoin investment while it is dumped.

There’s no easy coins/tokens to trade for, because we are in a volatile market and trading is also risky for that.
Yes, I can say that its a beginners luck and when the market moves its way against your goal, hopefully you can still handle your emotion.

Understand the risk of trading, and since you’re doing this without enough knowledge, then you are increasing the risk of losing money. So as early as now, start learning to trade properly using indicators, you have to watch a huge market over you.

Hi,

I just wanted to start by saying, I'm not a trader and I don't know much at all about charts, I realise that attempting to trade without such experience is a risky strategy but I've invested a lot of money into OMI and whilst watching it like a hawk, I happened to notice that it could be very easy to trade.

Firstly, the price seems to flow between channels of support and resistance at each .1c, for example it will flow from around 1c to around 1.1c a few times before moving up or down to flow back and forth from around 0.9c to 1.1c.

Secondly, it has a lot of spikes making it easy to set high sell orders and low buy orders which get snapped up by these spikes. For example, last night I made over $1000 in a few minutes when it spiked from 0.9c to 0.99c and immediately shot back down to 0.86c where I just bought back in ready to trade some more.

This seems to happen quite frequently with OMI to the point where I can just set sell orders so if OMI seems to be working it's way up from 0.9c to 1c, I can just set sell orders that start small from say 0.939c then increase in value each step from 0.949c to 0.959c to 0.969c all the way to 0.99c where I've converted half my stack to USDT ready to buy back in again in the same way on the way back down.

I've now got 9% more OMI than I did less than 2 days ago. I understand that if it carries on going up I will end up with less OMI but I will have more money and less risk whereas if it carries on going down I'll have more OMI and less risk.

I appreciate that this could easily put down to beginners luck. I'm happy to listen to any constructive criticism of my beginners strategy if anybody has any or any tips that may be useful but with OMIs crazy spikes this strategy seems to be very easy to execute.

I was wondering, are there any coins that are similarly easy to trade on Binance? I have as much money in OMI as I'm comfortable with and would like to try to attempt the same strategy on a decent coin with similar attributes that is available on Binance if possible?

I snapped this screenshot of the easiest trade I've ever made. Unfortunately I was overinvested at the time and didn't have any low buy orders set so missed out on buying the downward spike that happened a few minutes earlier but that was a lesson learned.

https://imgur.com/a/GgBqPo5