Friday 5 August 2016

WHAT TO LOOK FOR WHEN ANALYZING A CHART: THE RANGE

Analyzing a chart dosent require looking at the fancy components that constitutes the chart especially if you are a newbie.

What you are to look as a basic crypto currency trader is simply the RANGE within a particular period of time.


Its a statistical tool used in finding the difference between the the highest value and the lowest value.

But in cryptos we may not necessarily need the difference . What we need is the lowest value and the highest value within a particular period of time.  Let me give  an example


Lets say within 12 hrs the price of etc was hovering between 380k sats and 450k sats.. This is the price within 12hrs right.  Now lets say you enter the market at the 15th hour and you met the price to be at say 395k sats.

As an experienced trader what you are to do first is to look at past event from the chart.

When you look at d chart then you will notice that the price attained some certain height  based on that information you can enter the market.  Because there is every likelihood that the price might still rise to that 450k sats or more again within the remaining 24hrs.



The 4 days chart above shows the price volatility of ETC with 4 days. When analyzing this chart simply locate the higest point which is about 610,000 sats and the lowest point which is about 350,000 sats.

With this information, you can make an informed decision on whether to buy into this coin or not.



9 comments:

  1. Please I would like you to teach me step by step on how to make money from bitcoin my watsapp number is 08166075844

    ReplyDelete
  2. Sir I am highly interested in this Cryptocurrency business pls I would really appreciate u sir if I can chart with u or call u for more mentorship.I aslo want to buy the Kuwait coin too.pls my whatsapp no is 08035664493.Thanks

    ReplyDelete
  3. Sir I am highly interested in this Cryptocurrency business pls I would really appreciate u sir if I can chart with u or call u for more mentorship.I aslo want to buy the Kuwait coin too.pls my whatsapp no is 08035664493.Thanks

    ReplyDelete
  4. Did you think about picking the ultimate Bitcoin exchange service: Coinbase.

    ReplyDelete
  5. Brilliant work...
    keep it up..
    Invest in the Crypto-currency with Yamarkets and earn more profit than the other trading companies . We also provide you the Fibonacci calculator for calculating latent support and retracement intensity.

    ReplyDelete
  6. Thank you for sharing this information.
    CoinOrbisCap is the best user-friendly financial app who take digital currency seriously. Gives you quick access to crypto prices, market cap, coin chart, crypto news on over 1500 currencies.

    Download here for FREE!

    ReplyDelete
  7. Its full of information I am looking for and I love to post a comment that "The content of your post is awesome"
    will help you more:
    NapBots is a full automated cryptocurrency trading bot, and a platform where users can copy top performing trading strategies. It only takes 2 minutes to setup your account and starttrading automatically. NapBots trades on your behalf on your favorite exchanges to ensure that you never miss the opportunities 24 hours a day, 7 days a week.
    Read More: Auto Crypto Trading

    ReplyDelete
  8. A big decision is whether to treat CC's as a currency or a commodity / security. Canada and USA have so far declared that CC's are legal, however the situation remains fluid as for reporting and tax implications. Crypto TREND will be following and reporting on these developments. Getnode Erfahrung

    ReplyDelete
  9. Thanks For This Informative Article. It Helps All Those People Who Are Confused about the crypto market.
    Slink Coin Free Giveaway

    ReplyDelete