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The origin of this cryptocurrency trading signals cheatsheet is not know, though I saw posted on instagram by a friend Timothy Lee. Over the pas couple of months I have seen a lot of facebook groups pop up offering usually for a fee trading advice and 'signals' for trading cryptocurrency and suggesting you can make a living doing it.
This saying was prevalent in the stock market era where everyone thought he was a genius because his stock picks were going up. It's a bull market where a rising tide lifts all boats - including some garbage floating around in the ocean as well. We saw the same thing with all the Barbara Streisand style AOL day traders of the late 's 'trading' tech stocks and 'making a killing' - until the market crashed! When the market is in rocket launch mode then buying crap and watching it go up is not 'day trading for a living', it's getting lucky.
Sadly I think a large number of 'cryptocurrency day traders' have recently learned this the hard way. And NO, what goes up does not come down. It may come down. The most money we will probably make will not be trading crypto's but buying GOOD ones and holding. If you really think that you are that 1 in a or less who can consistently make money trading, then do more research than just studying the charts above.
Perhaps you can 'tag along' with the computers and the big boys yet you will never be able to respond like they do, even if you never leave your computer screen. What I think the best use of the trading signals above is finding good entry points on the coins that you feel are a good medium to long term hold and can hopefully help you avoid the trap of trying to 'catch a falling knife' when waiting for that better price to buy bitcoin or some altcoin.
Also, one of the biggest mistakes I have made with investing over the years is buying something that is heading down and NOT buying something that is headed up, simply because I thought it was too high priced and yes, Google was one of them! You have completed some achievement on Steemit and have been rewarded with new badge s:.
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Trading Bitcoin For Profit? This is NOT investment advice! Do not confuse brains with a bull market! Cryptocurrency trading is and will be the same thing Trade At Your Own Risk If you really think that you are that 1 in a or less who can consistently make money trading, then do more research than just studying the charts above. If it was easy, everyone would be doing it - and, you'll never beat the computers!
Study these chart signals. Study trading theory and mob theory. And be ready to lose what you put on the line! Quality always wins long term! Authors get paid when people like you upvote their post. You have completed some achievement on Steemit and have been rewarded with new badge s: Award for the number of upvotes received Click on any badge to view your own Board of Honor on SteemitBoard. For more information about SteemitBoard, click here If you no longer want to receive notifications, reply to this comment with the word STOP By upvoting this notification, you can help all Steemit users.
This is one of the most useful charts I have found, thank you!