You are viewing a single comment's thread from:

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

in #trading7 years ago (edited)

Luc: whats your thoughts about this ANT/ETH chart on Bittrex? The base is very linear with the exception of one blip, I assume this is a good thing - am I right? Do I just need to adjust my buys to snap up ANT when it hits the base, and not worry about layering my trades in?

ANT.png

Sort:  

With ANT/ETH, you are trading a thin low volume coin pair, so the strategy is not the same.. here look at the same chart but ANT/BTC
its a perfect chart.. But ANT/ETH is not as supported so you have to trade very small and expect a sudden drop at anytime.. So yeah, I would buy at your line and have some lower orders way below incase of a spike down.. but another thing to consider is your %of profit availible vrs the risk.. .009 to .0095ish is not much profit.. for the huge downside possible.. not the best pick for a low colume coin