Cryptocurrency Price Analysis GuidesteemCreated with Sketch.

in #bitcoin8 years ago

How To Trade Crytocurrency To Always Profit


Bitcoin trade is a high risk activity. Bitcoin prices fluctuate, where prices can change significantly over time. Please use extra consideration in making a decision to buy or sell Bitcoin. We does not force users to buy or sell Bitcoin, as an investment, or profit-seeking action. All Bitcoin trading decisions are an independent decision by the user. 


Estimating Market Pricing - Estimating the market price for forex players who are used to reading graphs of complicated figures is an easy thing but what about us as regular merchants? Do not be discouraged let's use some of these indicators to help us.


Other Bitcoin & Altcoin Price Analysis Guide


How to predict prices with technical analysis this time in practice on the market VIP Bitcoin Indonesia , and this way you can also use in other markets .


1. First select the cryptocurrency you want to analyze (Bitcoin, Ethereum, Waves, etc.)


2. Click Advanced Chart (If in the VIP market)


3. Open Indicators


4. After that Select 3 Indicators  :

- MACD

- Moving Average Exponential (select 2 times / click 2 times)

- Relative Strength Index

 


5. Setting the Value EMA

- Click Format (Icon Gear Picture)

- Enter Value / Length for the first EMA with value: "13"

- And Fill Value / Length for the second EMA with value: "34"

- This function is used for the average number of candlesticks / candles before (contents 13 and 34 candles)


6.  MACD (Moving Average Convergence / Divergence)

MACD Works for momentum when to buy and when to sell .

- For moment when to buy , note the blue line away from the Histogram and Under the Zero Line :

Time To BUY


- Moment when to sell , watch the blue line away from the Histogram and Be on the top of the Zero Line :

Time To Sell


7. RSI (Relative Strength Index)

RSI is used also for momentum when to buy and when to sell


Example of BUY moment :

- When the Line is below 30,000, then the momentum is for the buy coin


SELL momentum example :

- When the Line is above 70,000, then the momentum is for sell coin


7. Wall

In bitcoin trading, traders know the name of the wall, this wall is like a coin barrier to rise and fall.


  • BUY

When buy coin, see the wall in the market Buy, make sure the nominal to be installed above the wall in the market buy, give the difference 200-300 for coin can be netted.

For example wall 57.000, put buy at price 57300


  • SELL

Once too with sell walls, see the wall in the market sell, make sure the nominal to be installed is above the wall in the market buy, also give the difference 200-300 for the coin can be netted.

Eg wall 63.000, put sell at 62,800 price

But this wall is often uncertain placement, depending on the market is moving, it could be broken wall, but we have captured the coin at the price above the wall.

Sort:  

This post has received a 1.34 % upvote from @morwhale thanks to: @anindita28.

Coin Marketplace

STEEM 0.04
TRX 0.32
JST 0.083
BTC 60578.05
ETH 1558.21
USDT 1.00
SBD 0.50