Maybe some of you are novice traders like me. I'm not a professional trader, I just want to share my way of making profit from cryptocurrency. I think playing from all trading platforms is the same way. It's just that the number of users from each platform is different. I don't play from Binance, Bityard and so on. I personally play from the Indodax platform. Because I come from Indonesia.
FYI (For Your Information), I saw the coin data through the CoinGecko website. You can use CoinGecko to view the coin data you want.
So, this is how I choose the coin that will go up using data from the CoinGecko website.
1.Pay attention to the supply.
Make sure the supply has reached the limit. Usually, the more limit the coin is in CoinGecko's data, the more likely it is that the price of the coin will rise.
Information :
- The red circle is the supply that has been purchased.
- The black circle is the total available supply.
2.See the movement of the chart.
If the trend chart is increasing, then the coin will be better to buy. But if the trend chart is decreasing, then the coin should not be bought.
3.What is the daily volume.
Pay attention to the price of the coin. Is the price of the coin already at the saturation point?
For us Indonesians, the saturation point is the point where it is time for the coin to go down or it can no longer be pumped. How can we find out about this?
Look at 24 hour transaction volume. Usually if the daily transaction volume reaches 500 billion, with BitCoin still not stable. So 500 billion has become a saturation point.
That's all I can share in my writing today. If you have suggestions and input, please comment below!
Thank you for stopping by, I hope to see you again another time.