TL;TR: Every strategy is unique, here is only basic info of what you need to do before buy shares or cryptocurrencies. Well, I'm not good at fundamental analysis, looking for correlations and so on or maybe your good post for everyone at this sub.submitted by Fanfan_la_Tulip to marketknows [link] [comments]
Here, I want to share my experience with the people who like cryptocurrencies and the stock market. I have my strategy divided in 3 stages, and of course, the first one is the most long one.
That, to my mind, is the fundamental challenge for everyone who wants to be successful trader. Every project has a white paper, you must read it before buy, it's the best way to understand the team's goals as the company's goals. I have read a lot of white papers and they are different from each other, when the project is really cool its wp is like a very good book for reading, very well written, w/o errors and is truly impressive while reading. Have a questions? Ask them at: official forum, reddit, twitter, telegram, stocktwits, may be at marketknows :).
If the deal is about a stock company, be sure that you understand its business model, you must know what does it produce and export or import and how is good their sales, in other words everything what you can find out about company(P/E ratios, growth, balance sheets, industry performance etc.). Here I can recommend you seekingalpha dot com, there you can find a lot of articles, but almost all of them are currently closed for free read, DM me, and I will show you the smart trick how to avoid it.
More data needs to be collected on the asset you research nonetheless have a duty to carefully select the information that should be used in your decision.
Rule 1 - Read the White Paper. You must do the full research.
2. Competitors research.
You can think that this additional workload will, unfortunately, eat your time and the price of a share/coin/token you want to buy will sky rocket without you, well it's not true. In most cases, it is better to spend a week or two to complete your research and to be certain that you are right than you will purchase illiquid asset. Anyway, you will get the data for analysis which would strengthen confidence in your decision and thus enhance the environment for investment.
3. Technical Analysis
This is my lovely part. First of all you need to analyze the market sentiment, if it's stock market you must check stocks in the same industry, are they experience a decline or follow the uptrend? As example take a "WeedStocks", the last summer - autumn, the whole industry was booming in connection with the forthcoming publication of new law, new partnerships, etc...
"What sparked the cannabis craze of 2018? Well, a number factors shed mainstream light on the long-dormant, niche industry. First, everyone started getting excited in 2018 about the nationwide legalization of cannabis in Canada in October. This was arguably the industry’s biggest catalyst ever, and as pot stocks started listing on U.S. exchanges, investors started bidding those stocks up.
But what really kicked this rally into overdrive was a massive $4 billion investment into Canopy Growth from alcoholic beverage giant Constellation Brands (NYSE:STZ) in August. That was when marijuana stocks took off like a rocket ship. The logic was that big money was finally moving into the space, and thereby legitimizing the long-term potential of the recreational and medicinal cannabis markets.
Alongside this hype, there was a significant amount of volatility. Thus, just as 2018 was the year of the cannabis craze, it was also the year of marijuana stock volatility. After more than doubling between July and October, pot stocks have since broadly dropped into bear market territory, with Canopy, Tilray and Aurora all 35% or more off all-time highs." source: https://investorplace.com/2019/02/4-reasons-marijuana-stocks-pot-stable-2019/
If it's cryptocurrencies market, then you need to know that Bitcoin is the king here, and when its price is rising, almost every token and coin value is going down in Bitcoin equivalent and rising in dollar pair, however, much depends on the state of the digital asset you choose. Future events, news, different rumors etc.. such activities have a direct impact on the price. I understand that with single stack you are dreaming about 2x, 3x, 5x but that may never happen with your favorite currency, but it can happen with another cryptocurrency which you wanted to buy but you hadn't free money, and for that reason a long-term trader must have at least 5 to 10 assets that are easy to track everyday.
here 1. http://thepatternsite.com/channels.html
Thanks for reading and good luck.
myCoinsObj[coins[n]['id']] = coins[n]; ssRates.getRange('A'+(c).toString()).setValue(myCoinsObj[myCoins[i]]['id']); ssRates.getRange('B'+(c).toString()).setValue(myCoinsObj[myCoins[i]]['symbol']); ssRates.getRange('C'+(c).toString()).setValue(myCoinsObj[myCoins[i]]['price_usd']); ssRates.getRange('D'+(c).toString()).setValue(myCoinsObj[myCoins[i]]['price_btc']);}
Binance Coin. EOS EOS. XRP XRP. XLM Lumens. LINK Chainlink. DOT Polkadot. YFI Yearn.finance. Suggested Currencies. USD US Dollar. IDR Indonesian Rupiah. TWD New Taiwan Dollar. EUR Euro. KRW South Korean Won. JPY Japanese Yen. RUB Russian Ruble . CNY Chinese Yuan. Fiat Currencies. AED United Arab Emirates Dirham. ARS Argentine Peso. AUD Australian Dollar. BDT Bangladeshi Taka. BHD Bahraini ... Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume Aurora is a smart contract blockchain platform encompassing the Aurora chain and its Aurora token (AOA). Both were presented in May 2018 as the answers to the challenges relating to scaling, speed and security faced by this blockchain generation. The Binance coin follows the downtrend pattern and Litecoin and dogecoin seem to follow as we are reading in today’s BNB news.. Most of the altcoins on the market enjoyed the high correlation stats with Bitcoin and while this is often a boon when the king coin is pumping, sometimes it doesn’t mean anything and most of the assets don’t follow it. Aurora price today is $0.00162809 with a 24-hour trading volume of $1,772,690. AOA price is down -1.6% in the last 24 hours. It has a circulating supply of 4.3 Billion coins and a max supply of 10 Billion coins. Comment acheter Aurora en 2020? Trouverez ici le guide complet pour l'achat de la crypto-monnaie. Courtiers Échanges Modes de paiement Prix . Bitcoin. €8,200.00. 2.13. Ethereum. €189.77. 1.42. Bitcoin Cash. €224.22. 0.60. Altcoins Ethereum Ripple NEO Tron EOS Litecoin IOTA Dash Bitcoin Cash Cardano Zcash Bitcoin Gold Ethereum Classic Binance Coin Bitcoin Acheter Bitcoin Bitcoin Prix ... Aurora price today is $0.001655 USD with a 24-hour trading volume of $1,600,157 USD. Aurora is up 11.22% in the last 24 hours. The current CoinMarketCap ranking is #477, with a market cap of $10,826,436 USD. It has a circulating supply of 6,542,330,148 AOA coins and the max. supply is not available. The top exchanges for trading in Aurora are currently Beim Initial Coin Offering des zunächst unter ABitcoin bekannten Projektes wurden insgesamt 26% der Gesamtzahl von 10.000.000.000 AOA-Token an die Öffentlichkeit verkauft bzw. mittels Airdrops für Tätigkeiten wie Folgen des Twitter-Kanals und Telegram-Gruppe verteilt. 40% aller AOA-Token wurden für die Aurora Blockchain Foundation zurückgelegt, 34% aller AOA-Token von Early Investors ... Benutze den Investing.com Währungsrechner um die Konversion von BNB zu BTC Binance zu berechnen. Der Preis ist an den Echtzeitkurs gebunden. Coin Mineable Hybrid - PoW & PoS Scrypt; Charts; Market Pairs. Social; Tools; Historical Data; Ratings; On-Chain Analysis; News; About Auroracoin. Auroracoin price today is $0.069857 USD with a 24-hour trading volume of $211.75 USD. Auroracoin is down 0.22% in the last 24 hours. The current CoinMarketCap ranking is #1091, with a market cap of $1,262,905 USD. It has a circulating supply of ...
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