RE: Why I recomend 1hour candle charts, if your a new trader..

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Why I recomend 1hour candle charts, if your a new trader..

in trading •  7 years ago 

Something curious, there are exactly 5 days between each rise in price, today is the fifth day ...
Https://www.coinigy.com/s/i/596aa974480c7/

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7 years ago by

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      ·  7 years ago 

    Yeah, that is an interesting chart. very good percentages on those spikes.. I would say this chart qualifies as a small account builder..

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        ·  7 years ago 

      Haha, I noticed that too. Will be watching to see what happens the next couple days...

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          ·  7 years ago (edited)

        I've been working off a few low volume ETH paired trades similar in volume to PDC/BTC. I'v come to realize that the time frame required to execute these trades may be longer than I am comfortable with due to low volume. But the tradeoff is rather large increases - provided that I'm willing to sit and wait for the market. On the bright side its really easy to see where the right spot will be for a positive trade because there are so few trades occurring in the data list.

        @Gustavo-ar was right about the 5 day period, looks like a pump and dump group has been active every week until yesterday - then it suddenly stopped. Interesting... also interesting to note that the volume has decreased to 1.72 BTC - is this a potential trap?

        https://www.coinigy.com/s/i/596ce46db3c00/

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