Helpful Tips for Trading Altcoins

[@JimGriffOne]

To anyone that doesn't already know, altcoins with BTC and USD counterparts are usually linked via arbitrage trading. Since BTC-USD has a higher market cap, changes in BTC-USD-linked altcoins usually occur a few seconds after changes in the BTC-USD price. It's very useful to keep BTC-USD windows open for the largest exchanges while trading altcoins. If a crash occurs in BTC-USD, and I'm trading ETH-EUR, I can quite confidently sell my ETH for EUR and suddenly see the price drop, then make a limit bid at a lower point before it retraces. It's not exact, though, since the rate between ETH and BTC can also change. So keeping and eye on the ETH-BTC market depth also helps to recognise whether it's useful to sell/buy, based upon what most people are doing (wanting to sell or wanting to buy) [bid walls/offer walls]. I've made some 'okay' trades between EUR-LTC, then LTC-BTC, then BTC-EUR again (and vice versa), making small profit before the market manages to readjust. The thing is, there are so many other people doing the same thing using bots. It makes it more difficult, but this is the reason why prices tend to be linked across exchanges and currencies.

[@DarkpumA787]

Really liked that last part about the right mindset. Thanks!

[@robindeboer9599]

Hey man, thanks to your videos I managed to identify the bull flag pattern today on BCH/USD and was able to lock in some nice profits. Keep it up

[@KPD123]

I learn a lot from your youtube channel. Keep it up!!

[@DaRettei]

Great videos, more people need to see this, God bless you!

[@kollisuraj]

good strategy..thank you

[@robertcoronel7000]

Bitcoin Jesus ! Thank you

[@PaulReinhard]

thanks

[@s4sport117]

do you recommend any trading bot based upon volume and indicators analysis

[@bitcointradingchallenge3861]

Implementing MFI with a bot would be a good mix of those two analyses.

[@zachdems4634]

Great Tips man thank you , keep on keeing on

[@MrHarrilasagna]

Lol... You know the community. You say Altcoin and everyone loses their mind.

[@adrianbrasoveanu3269]

Why are focused on Bitfinex / Poloniex ...instead of the Big 3: BINANCE, BITTREX and KuCOIN? At least when it comes to altcoins these are the places to be! Of course Binance has high liquidity, Bittrex so-so liquidity, and KuCoin low liquidity (it's basically sometimes a cemetery, but hey they're the only ones listing things like POLY, AGI, PARETO, PRL and other goodies) :)