Crypto Investing 101: Know Your Price Points
7 years ago in #cryptocurrency by scaredycatguide (78)
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Upvoted ($0.13) and resteemed by @investorsclub
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Great advice! Scaling in is a portion of the strategy but price points are also important. If you get in too high and the pullback occurs, you may be left with a price that needs substantial returns just to breakeven. Key indicators like moving averages or candle patterns can help with determining entry and exit points.
Knew I should have bought when it was 6500 last month, but hesitated just for a moment, and bam, 30% up in just couple days.
To be honest Im hoping for another low. Whales are controlling it, the trick is to predict what they are up to.
Well, there is talk about the Mt. Gox trustee needed to sell more BTC. Never know, maybe that pushes prices lower.
What I have learned about investing in crypto over the last few years is that no matter how hard you try, you will never know enough to succeed on talent alone. There is a huge entity of luck to it as well.
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