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RE: Chemistry, Technical Analysis, and nuclear litecoin?

in #litecoin7 years ago

Look at the bigger trend my friend. Do swing trades if day trade is not your thing. Most people find day trading very stressful (let the bots do that instead, one more extra stream of income).

Use daily chart instead of hourly, unless you are looking for an entry and short term momentum.

Weekly is the best to look for overall trend. Don't invest when weekly chart tells you that the coin has been pump 1000-2000%. If it's a good project it's probably overprice and might have a correction (get in these correction if you like the project).

If its crappy project most likely it will dump and die slowly. Unless fundamentally something changes and the project became alive again. It will have another pump.

And if you are new to trading, simply trade the high cap coins since it's been long enough to proof that is not a pump and dump.

New coins or ICOs is sort of a gamble so if you have a small capital I would stay away from ICOs for now.

As your capital grows you can diversify your portfolio. Also check out Digital Asset Array. It's basically holding of several digital asset you can invest into to have diversification.