Now that we have established a price direction using cryptocurrency indicators, we’re going to have to see if this direction is following any trading trends.
Continue reading “Sorted, I understand the indicators. Show me the next lot of fancy stuff! – TA, Trading Analysis.”
Bitcoin, similar to the stock market, has certain ways in which the value is traded. Imagine there is a big chart and everyone has seen a trend together and are following the same lines and levels. It is this that we need to identify as well.
The main thing when trading (or looking to buy a cryptocurrency at a really good entry point) is that you’re going to want to identify the direction that a coin is traveling in. Now, even though this sounds easy I can assure you it really isn’t.
Continue reading “I’ve got me a TradingView chart. What do I need next, what are these indicator thingamajigs?”
Cryptocurrency like all markets is 50/50, most of the time. Either traveling up or down.
There can be times though when a coin just travels sideways, known as “Bart” or “Barting”. This kind of sideways action gets its name after the Bart Simpson character’s hair style. Short movements moving only slightly up and down for a period of time.
So, you want to know how to buy cryptocurrency?
First things first, understand the market.
Continue reading “Show me the money!”
I wouldn’t suggest doing what I did. I literally logged on to an online exchange checked out Bitcoin (BTC) saw that it had just had a great run up to $19,000+ and thought “Yeah, this is it! There is money to be made here, it’s going to continue going up, right?”
I was so, so wrong!