Analyzing BCH Price by Observing Decimal Movements

Before you get through this article I want you to know that I am someone who is so new to cryptocurrency and I am still learning. I will give you the privilege to correct me in a Professional manner.

As I mentioned above, I am new to cryptocurrency but I am reading articles by my co-read.cash user and so as my #CLUB1BCH family who are very much knowledgeable. Of course, I would love to learn the basics first and not jump into something without understanding the significance of each detail be it:

• Spot Trading

• Buy and Sell

• Mining

• Farming

I read about trading, binance, going long or short, sell high then buy low. These are common terms I have encountered in my day to day Noise.Cash and Read.cash life.

But as time goes by, I learned to use Bitcoin.com wallet but the amount that is in my bitcon.com is now for HODL only and I plan to live it up there til maybe around December.

I then started doing transactions with Coins.PH which is a digital wallet available in our Country so I can convert BCH to Fiat when needed. I tried to observe the charts but not all charts are readable. What may be easy for you may not be easy for me. So if I cannot understand it I would go back to checking the BCH prize by focusing on the DECIMAL Movement.

First thing that I have noticed is when for example:

I have $5.10 then when I refreshed the page I then will get $5.08 this would mean that my other wallets which I hodl more may have $1-$2 lost. Why?

"THE BIGGER YOU INVEST, THE BIGGER THE LOST or GAIN"

But then, we are UNSTOPPABLE! This scenario that I am giving to you is my observation. I maybe right or wrong.

Sometimes, I get to stay in read.cash and refresh the page for couple of times so I could be updated wether or not it is "a BEAR or a BULL".

How? I make it sure that I have some balance with decimal in read.cash or to any other wallets.

SELL

If the loss continues from the decimal then cases are I would sell BCH before the market shows bloody! Since it would tell me that Bear is just around the corner.

Before I decided I refer as well to some posts, predictions and see if it could be accurate.

This scenario will only happen if I noticed the BULL way too late and BEAR seems to be coming over.

But I am not claiming that I am right. If you know more details than me you may comment your thoughts as I love to engage to more people here in Read.Cash.

I read predictions be it in Facebook or Noise.Cash but to those who are trying to learn this whole thing or new to cryptocurrency DYOR.

BUY

I would have to be very careful before buying so I would usually observe the market within 2-5 mins.

If the changes per decimal has a big difference see indicative price below with a bloody market:

My HODL amount right at this time is:

And since I noticed the market is going UP decided to try converting FIAT to BCH worth $2 which makes it 1,275.

Then tried to give another couple of minutes to observe the market:

And as of this writing from 3:15PM to 4:10PM the market shows GREEN and converted 13 pesos as profit around 3:56PM:

Which makes my Capital to 1270 pesos. BUT:

Just a couple of minutes, I am again gaining 11 pesos.

NOTE: I do not usually withdraw my profit for the next 2-3hours but this is just to show you how I personally play around the DECIMAL. This is not a financial advice and I am doing this to understand the market as I am planning to explore TRADING in the future.

Just around first week of April I decided to try converting my Fiat to BCH as I noticed that it is going UP then re-convert if its almost getting red in the market and wait for more dip before converting again. This has been my routine so far. I get to decide how much will I put at stake and how much will I leave safe. And if I understood correctly that's what we call BUY and SELL.

CONCLUSION:

"Remember, ONLY TRADE what you can LOSE. And as per Sir Marc Demesel, TAKE RISK but CALCULATE the RISK."

I sometimes lose a certain amount but I make sure I learn from it.

Lastly, BUY LOW, SELL HIGH but make sure when you are about to BUY the chart should show good indicator of going up.

In the coming days I will try Spot Trading in Binance. I'll see if this would work. Any thoughts?

Thank you for reading my article! Totally appreciate it! Do share your thoughts please.

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