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RE: Introducing our first Crypto Market Scanner

in #trading7 years ago (edited)

I suggest you wait until @quickfingersluc puts out a series of videos on day trading with account builders. Attempting to dive into the deep end of the pool without knowing how to swim is very dangerous, you should instead learn to crawl before you try to walk. In other words, focus on the basics of position trading first, get that right and log many successful transactions under your belt, and then (and only then) should you try day trading using the scanner. Why? Because day trading cryptos properly uses remarkably similar techniques... find the base, determine your expectation, determine the reason for the sudden fall in price (is this the first pullback?), and predict where the bounce will occur, etc.

PS: I would not trade that chart, I see no compelling evidence that my trades would be profitable.