You are viewing a single comment's thread from:

RE: Investing and trading crypto currency...thoughts from a newbie

in #cryptocurrency7 years ago

The volatility is close to penny stocks. I am having a hard timing it so I stopped and just kept buying on dips. Thanks for sharing. It looks like you timed it well. What indicator works for you? Or you are plain price action?

Thanks,

@steemitph

Sort:  

I tend to use previous support and resistance levels as well as charting patterns such as channels (flat, ascending, or descending), rising / falling wedge patterns and Fibonacci retracement levels to determine my entries. I don't use all for one trade, they're just tools in my tool box that I use to identify possible trade opportunities. I'll be posting a lot more about my strategies in the coming weeks.