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Henry Wilson

Effortless Cryptocurrency Trading Strategies

  • rukvihhar citeratför 2 år sedan
    When I started getting the hang of cryptocurrency trading, I started doing researches before buying any coin to know if they have potential to increase or not and not waste my time waiting for it to rise.
    I also research before I sell any altcoin I have in
  • b2887897626har citeratför 2 år sedan
    Remember, the whole point of crypto-currency trading is; finding the best entry and exit points.
  • b2887897626har citeratför 2 år sedan
    Another research tool I use is the Block Explorer of these coins. Some may have rich lists or largest wallet tabs. Keep tabs on movements within these addresses. Are the largest wallets getting larger over time or are they being depleted? I then screenshot the top 25 richest addresses, and a few days later I will screenshot the top 25 again. Compare the lists and determine if the coins are being accumulated?
  • b2887897626har citeratför 2 år sedan
    THEN I WILL READ THROUGH the announcement itself to find out where the coin has come from and where it is heading —I focus on their roadmaps, Slack and telegram channels, active devs and their Twitter page. Now I will go over to their website and have a look at their explorers.

    I usually end up removing the coins from the list of remaining ones that do not have at least a decent standard for all of the above
  • b2887897626har citeratför 2 år sedan
    I usually ️head over to Bitcointalk, and read through the announcement threads of every single coin that I have left on my list.
  • b2887897626har citeratför 2 år sedan
    I ALSO NOTE DOWN THEIR 24H VOLUME. Then I will cross out the coins that are lower than 2% market cap to volume ratio (e.g., If X has a market cap of $100k, it’s 24H volume should be $2000 or more).
  • b2887897626har citeratför 2 år sedan
    I also note down all the coins below this market capital mark with low to medium coin supply (i.e., less than 50m)
  • b2887897626har citeratför 2 år sedan
    MARKET CAP and I will scroll all the way down to the coins with smaller market cap less than $250,000 (these are the coins that can be the mega-winners over time).
  • b2887897626har citeratför 2 år sedan
    Finding good trade entry and exit points is what makes a great trader
  • b2887897626har citeratför 2 år sedan
    Don’t day trade if you have sleep problems.
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