When to buy cryptocurrencies? is a question that I have received almost daily in recent years.
In today's article I will answer this question but I will also show you the ways to buy cryptocurrencies at the best levels.
Let's not talk too much, let's go straight to the article.
If you want to buy cryptocurrencies but don't know where, I have written a detailed guide on how to do it. how to buy cryptocurrencies easily & quickly .
If you're watching the video, I've made a detailed guide on when to buy cryptocurrencies.
Table of Contents
What Most People Do to Buy Cryptocurrencies
Most people when they want to buy cryptocurrencies what he does is buy at very high prices hoping not to miss the train.
and guess what will happen..
In a price correction from their fear they will sell the cryptocurrencies that they have purchased.
However, when it comes to when to buy cryptocurrencies, you should do the exact opposite.
We always buy from low prices and we sell at high prices.
and when do we not buy when we see that the token we are monitoring has gained over 200%.
You should be patient and wait for the correction to occur and enter a level to save a -50% or -80%.
Important Indicator for Cryptocurrencies
Now let me show you a way that will help you to buy cryptocurrencies
This way is the index finger Bitcoin price forecast tools.
This specific indicator shows us the average of where the Bitcoin cryptocurrency can reach and find purchasing power or simply when people will look to take profits.
This chart shows us when the Bitcoin gave a buy signal at $16.000.
and at the moment I'm writing this article, it shows that the main goal is $170.000 and above.
Now let me show you other things you should look at when buying a cryptocurrency.
Unfortunately the previous charts are more for showing what level Bitcoin is at.
However, it gives us enough information to know that there is a good chance that the price of Bitcoin will rise further and with that it will also help altcoins.
Because if it were high enough towards the target of $160.000, the most likely scenario would be for someone to take profits and not buy Bitcoin or another altcoin.
But you will tell me, I want to buy altcoins, not Bitcoin, what should I do?
How to Buy Altcoins Smartly
First of all, you should know that in every cryptocurrency cycle there are so-called “trends”
If you don't know what trends are, I'll tell you right away.
A crypto trend within a category means that most tokens in that category exhibit similar movement, influenced by fundamental or macroeconomic factorsFor example, if Ai tokens start to rise significantly due to a positive development in the market, then we say that there is a AI trend.
Therefore, before buying any token, see that Ai or RWA is running in this bullrun and focus on these tokens.
and to buy smartly you will need an auxiliary indicator which [SD] CPR
This indicator shows us the hot levels with CRP of the year in red and yellow for which it could correct but also be a very good level to make purchases with DCA.
For example, in the image below you will see a token that has done very well. a rise of over 900%.
Once next year's CPRs are released, there is over an 80% chance that the market will make a big drop to reach next year's CPR levels.
Then you will see that the drop that occurred was -55% and it would have been extremely wise to have placed some limit orders at these 3 CPR levels.
Another strategy is active order blocks.
This strategy also gives us targets to buy at fairly low prices.
For example, you will see that this cryptocurrency has an 886% increase and we see that in the candles of the month a red order block has been created. For me, this would be a target to put 3 DCA buy limits in the box.
Immediately afterwards you will see that the correction made by the cryptocurrency was -44% and reached the target orderblock.
Another example you should see is the aitech token which rose 5112%.
Now, if someone bought on the rise and didn't sell, the loss they would have would be huge.
However, the orderblock levels are within the box that the market has touched and it would be a very good level for someone who wants to buy this token to have a limit order.
You can also see the CPR levels that are even lower, but the CPRs are also within the orderblock level.
Don't put all the money together.
In this article we try to find strategies to buy lower as best as possible.
But many times it is quite difficult to find the lowest level.
So to be able to buy the best levels you will always do DCA with percentages
For example, in the cryptocurrency aitech, we see that in the monthly time frame the main target is the crp and orderblock levels.
Now if we lower a time frame and go to the week, we will see that there is a red order block, so that is one of the most important targets, and then the lower order block and the CPR.
If we have, for example, $2000, I would break it down into percentages, I would put 10% in the first limit, 20% in the next limit, and as the price of the crypto falls further, I would increase my position.
I encourage you to test it on a fairly small amount of crypto and you will see that the results will be amazing.
Don't forget, however, that they should be trending cryptocurrencies and not old tokens that are forgotten and no one is buying them.
My Personal Opinion
In general, before buying I pay attention to the following:
🔹(Whitepaper): Read the document that explains the project, its purpose and technology.
🔹 Development Team: Consider who is behind the project and whether they have a reliable track record.
🔹 Usefulness and Adoption: Is it a currency with real use or just a speculative asset?
That was the article for today and I hope I helped you and answered all your questions.
See you in a next article.
LIABILITY DISCLAIMER:
Cryptocurrency trading is VERY risky. Make sure you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your money.
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