Advice please, cyrptocurrency, how to recognize a peak....

in #cryptocurrency7 years ago (edited)

For any seasoned hands out there: I would appreciate some crypto trading advice...

As of yet HODL has been the best strategy, and I stick by it... That said, when one sees a coin they hold going way up, it is always tempting to try to capitalize on those gains and buy back in at a dip...

Attempting this as a newb has bitten me in the butt before and HODLing has always proved favorable, however I still wonder...

When watching a given currency chart (STR at the moment), how does one recognize a peak..... if they are trying to sell high to buy back in at the dip.   

I have gotten pretty good at predicting peak lows, but peak highs are trickier for me.  

Thank you in advance, and may the odds be ever in your favor!!

Sort:  

This post has received a 6.69 % upvote from thanks to: @elkemi.
For more information, click here!!!!
Send minimum 0.100 SBD to bid for votes.

Before sending a transfer to @minnowhelper, verify that your publication meets these conditions (http://www.minnowhelper.com/conditions.php). After the transfer is made, no claims will be received.


The Minnowhelper team is still looking for investors (Minimum 10 SP), if you are interested in this, read the conditions of how to invest click here!!!
ROI Calculator for Investors click here!!!

I allocated 10 steem power - interested to see how this works - thanks for helping minnows <3

Follow Philakone on YouTube. He is here on Steemit: philakonesteemit and has 40 hours of so of tutorials. Hope this helps