Bottom fishing is a solid entry strategy for buying crypto. Looking at the RSI indicator and buy/sell orders will definitely help in determining the price point one will be most comfortable with. Even if you don't hit it right on the nose, it won't be far off from the mark. It is also good to test the RSI setting for the particular crypto you are getting into. A 10-day lookback period for BTC might be better than the default 14-day lookback period, so test and retest even if it's just to be more comfortable in looking at RSI and the differences shown by different time frames. :)
Posted Using LeoFinance Beta
Thank you good sir for the additional tip.
Welcome, sir. I can only share the most basic. It's good to learn from experts like you who already have years of experience in trading.
Posted Using LeoFinance Beta
Ahaha, I wouldn't claim to be an expert though, but merely just observant on what's happening. And basically that's what I want to tell newbies, to be observant, then learn some TA too to reinforce decision making would be the right way to unravel the secrets of trading.
Well, from my observation, you certainly have more experience than most of us when it comes to trading. I did trade some stocks a few years ago, but that was just me playing around with a tiny amount of capital. LOL
Thanks for the tips though. I appreciate the insights from a seasoned trader. Maybe a blog post about the Figaro IPO?! :)
Posted Using LeoFinance Beta
Will look up on Figaro. I don't follow the stock market scene anymore because of our political landscape.
Yeah. It is a mess these days. I check up from time to time just to see what's happening to companies that have a certain vibe or weird connection to. For Figaro, its obviously the coffee. Thanks.
Posted Using LeoFinance Beta
For IPOs, I had a client before who would call up as many stock broker offices as he can. He would get opinions whether their respective brokerages are bullish or not. By the time he talks to me he knows more than I am. If you're still in touch with your broker you can ask how is the ipo subscription going. Broker houses have allocations and if the reserved slots are being subscribed then the demand is strong.
Well, from my observation, you certainly have more experience than most of us when it comes to trading. I did trade some stocks a few years ago, but that was just me playing around with a tiny amount of capital. LOL
Thanks for the tips though. I appreciate the insights from a seasoned trader. Maybe a blog post about the Figaro IPO?! :)
Posted Using LeoFinance Beta