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RE: Why I recomend 1hour candle charts, if your a new trader..

in #trading7 years ago (edited)

Thank you again for this interesting set of trades. What sort of thing is happening with this coin? It's Avatar coin on Yobit. (AV)
AV coin on Yobit

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its just a thin market..there are almost no players yet, so the bid and ask spread are crazy wide apart..

Ahhhhh, this is a really good tidbit of knowledge. I need to start looking at the spread to help determine the vitality of the market. Great tip! I hope you spend some time discussing the Data tab in Coinigy in an upcoming video - I'm kinda lost looking at market depth and price trends.