Tanong ko lang mga bro. Pano nyo ba nalalaman na may potential tataas ang presyo ng coins. Palagi akong talo eh kasi hindi na tumataas presyo ng coins once na binili ako.
A little research here and there. Reading altcoins thread will also do the trick. But mostly, base on my instinct. Yeah, right, it sounds funny but it works for me. Don't just jump on any altcoins that someone on troll box is suggesting as they are all hype, wanting you to buy the coins they are dumping.
Reading the OP might help, but since I had a great night, I'll save your ass from navigating to the first page and have quoted it here for you instead.
Article 3. Market Analysis
Any beginner will easily lost just by looking on the chart alone. When I was just beginning on trading, I dont know how to read charts. I just look for an up or down movement as this is the basic for any trade.
Section 1. Candlestick Chart.
This chart generally tells all you need to know about the market. If you choose a 1 hour time interval, it gives you an hourly open and close price. It also gives the price movement of that time frame. You can see how high and how low the price went. They are coloured red and green. If red, (Im pretty sure you have an idea) the price went down from the opening price of that time frame and if its green the price went up from the opening price. If you notice that the sticks are mostly green, it means we are in a bullish or up trend. But if its mostly red, then we are heading to a bearish or down trend. Lastly, you may also want to check the the trading volume of that time interval. You can find that on the bottom of your screen in bar chart.
Section 2. Volume
I have mentioned above that you may want to check the volume of any given time interval because it plays a huge role on the price trend and you can clearly see what is happening in the market. You may want to take notice whenever the price goes up but has low volume for it indicates that the price wont hold and will fall back down sooner than you think. But if you see that it has a high volume to support the up ward trend, its a good sign that the trend is here to stay. Its also coloured red (trending down) and green (trending up).
Section 3. Order Book
In every exchange site, there is an order book. Most site has only Bids and Ask. The bids are positions that other traders put to buy coins at a price they want and the Ask are where you can put how much you are willing to sell you coins. You dont really need to watch this but you may want to look for a Buy or Sell wall. This are positions with fairly large amount of coins and they are good indicator on where the price will go.
