How to put a bucket (buy limit order) under dumping altcoins on cryptomarket? Yeah, we are not kidding.
Bitconsul Cryptoconsalting team want to present a bit funny but with some part of sense article about how to catch the dip on dumping cryptomarket while you are trading and buy altcoins in Bitcoin trading pair with nice discounted price:)
(Please be sure that you understand — this article is not financial advice!)
It’s good idea to set your own buy limit orders for some altcoins while Bitcoin is dumping or rising in price, because usually we see a big drop for at least 90% of all altcoins in Bitcoins trading pair. In this BTC behavior altcoins are going down in price and usually this dump is somewhere between -7% and up to -20% so there will be good idea to catch some altcoins which you want with nice discount — especially if you know that there are such altcoins that trading with using smart market making system on different cryptoexchanges, altcoins have upcoming news or software releases or you have spotted some unusual activity in buying volume for some period of time. This idea will be good for catching dip price and make some 5% — 10% quick profit when your selected altcoin bounced up from temporary support line which is somewhere from -7% to -20% point. Be aware there are big probability that you could not to catch dumped price for some altcoin (it’s unpredictable thing) or even catch it but keep going down for more dump, so please be sure that you’ve selected good crypto project with relevant…