For experienced investors and traders like myself the 3 things needed when doing crypto Trading are.
-Intuition
-Patience
-Balls of steel
Fuck Charts, FA and TA.
They have a place, but at the end of the day it really comes down to plus or minus. Income vs outcome
Charts can indicate your support and resistance. However, charts arent needed at all.
If you wrote down the lowest and highest number your certain coin did each day and Throughout the week you would have grasped an understanding of your support and resistance.
Its like going to the store and seeing your favorite candy bar you have been buying for some time. Everyday you buy it and everyday its the same price. But then lets say one day its on sale 30%. So what do you do? Buy more of course! One for today and the rest for the next week or so depending on how much you bought. Crypto Trading is no different.
The simpler you can make things the better off you'll be.
When the market is all red and pointing down look for the one that is green and Rising. Remember that one( write it down).Market dips again check your winner see if it rose again when markets are shitting. Check to see if it is consistent. Consistency is key, but not a guarantee.
You also need to check to see if it is dipping when the market is doing well. If it holds up and has been. Than you sir/ma'am have yourself a gold and silver ratio.
So how do you take advantage of this?
Buy low, sell high.
Need i say more?
Be fearless cryptokitties
