Technical Analysis (TA) describes analyzing historic price trends to predict the future price movements of assets (for example, cryptocurrencies).
A section on cryptocurrency investing tips and tricks designed for novices, but with insights anyone can enjoy
In Forex trading (foreign currency trading) there is a “first in first out” (FIFO) rule. This rule should be optional cryptocurrency.
GBTC (the Bitcoin Investment Trust) hit $3,350 today. That is the equivalent to about $34k per Bitcoin. This tells us demand for Bitcoin is strong.
Here are some tips for newcomers entering the altcoin market. That is, tips for beginners buying cryptocurrencies that aren’t Bitcoin.
Bitcoin’s price movement generally affects altcoin prices. The relationship isn’t always predictable, but there are some common trends.
Attention New Cryptocurrency Investor: Every few weeks (if not less) Bitcoin corrects by 5% – 20%, as do other cryptocurrencies. Often they all do at the same time. Don’t let that worry you.
Although no one knows what the effects of futures trading will be, one should keep in mind that futures could have an uplifting effect on Bitcoin.
If you bought Bitcoin in the $17 – $20k range, you might be starting to feel fear and regret. That is normal, but your best bet is to shrug it off.
If you are buying Bitcoin today, here are a few general tips that could help you trade in volatile times: Set stops, average in, buy the dips, and hold.
It’s normal to feel stressed out that you didn’t buy Bitcoin yet (or sold too early)…But, don’t let the Fear of Missing Out on Bitcoin cloud your judgement.