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Do you use prediction tools inside Yobit in your trades?

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The main part of any trade is prediction but there are many prediction tools out there that confuse traders about which one to choose. Of all the charts and graphs available for predicting prices, candlestick pattern is a reliable method that has been used before crypto in stock trading and proved to be successful. I think the best way to predict prices is to use the charts inside the exchange in which we are performing our trades. Most of us here choose Yobit for our trades, so it is better to use candlestick chart inside Yobit because it is based on buy and sell orders that are happening inside Yobit exchange. This is a more accurate prediction.

How many of you have used this chart and do you find it useful in your trades?

 

 

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I have used this chart in yobit. At first i was not very successful with the use of this chart as i am a newbie in trading, however i have found that now that i am becoming more accustomed with trading i am able to use the candlestick charts more effectively. Which is my hope that i can do this in a more profitable way going forward.

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Of course, the candlestick chart is the only chart that shows cryptocurrency quotes. They always help me, and I set a schedule for 24 hours or less, if possible. 

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31 minutes ago, bliznec said:

Of course, the candlestick chart is the only chart that shows cryptocurrency quotes. They always help me, and I set a schedule for 24 hours or less, if possible. 

I use candlestick for short time frames and when green sticks are dominating I stop from selling because this is a good sign of upward movement. When Doji sign appears we should neither buy nor sell and when the chart is full of red sticks, it is a sign of bear run and can be the ideal time to join the market after stabilization happens. Some traders use this chart to determine market sentiment over a longer time frame such as a week or a month but I haven't tried it for predicting more than one day ahead.

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Well,analyzing the chart using tools can help us predict the price,but i don't depend on it. There are still factors that affects the price of crypto currencies so we should also learn it and focus on that. 

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in yobit the truth is that I operate very little, clearly the candle chart helps in some things, but in order to make a more complete analysis more tools are missing within the platform.

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Yes I see so many traders follows this indicators to do trading, because this candle sticks show what's happened next in the crypto Market,when red candle shows market face selling pressure and when green candle means buying pressures increase, so this type traders analysis crypto market, then they decides selling are buying are holding to increase their income.

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3 hours ago, fila said:

This chart inside yobit is the main chart that I use and it is great especially to quickly get the history of the coin pair that you are trying to trade as well.

How do you check the history of prices in Yobit candlestick chart? I often use this chart but I don't know how to look back a few months before and see previous prices. Is there any way to extend the chart to see a wider time frame that includes all trades for longer than 30 days? I see the options 12 hours, 24 hours and 7 days but I don't know what is meant by 1M, 6M and order book. If anyone explains about them, it could be very helpful for all members.

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Welcome with me
Some traders, especially beginners, have a problem with how to read and understand candlestick chart within Yobit
The candlestick chart is very necessary to know the size of the buy and sell orders that happen within the Yobit exchange

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Just now, GanDuba said:

I make my own prediction. Prediction told are not helping at all. The best tool I have used before was and still my analyses. I have really gained from self analyses markets. 

Everyone needs to analyze for his own to get the best results but you need data and graphs to analyze better and more accurately and there is no better graph than the one that belongs to the exchange you are trading in. If you use the charts of other exchanges, your results will be less accurate because every exchange records its own trades. So, the choice of prediction tools can affect our trades to a large extent. I always read Yobit charts before buying or selling any coin.

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I do not use any predictive tools in yobit .. I do use a few prediction and market analysis websites, but I don't overdo it and I only take that as a reference. everything is still my own research and analysis.

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12 minutes ago, kipara said:

I cannot use the trading prediction sites because if those prediction sites is really sure, people couldn't be loosing in the trading and the people were supposed to be too much rich.

Well, the art is not having 100% correct predictions ... the art is winning more often than losing.

 

TBH, I am still only mediocre in reading the charts. Overall I win (looking at my trade history), but most are pretty small wins. Mostly because I am too cautious 😉


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I use this chart when trading, but sometimes it doesn't help at all, so I also use charts with tradingview when trading for better price navigation.

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Yes I always uses this chart whenever I do trade on Yobit exchange. You are right the inside prediction chart on a exchange on which you are doing trade always gives you accurate prediction. This candlestick pattern chart of Yobit helps me a lot in trading 

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I do mot use prescription tools like robots, I just prefer to trade on my own, I learn it carefully before I start trading. It is good to trade with good knowledge and you to general your signals. 

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On 5/7/2020 at 4:31 PM, Anwyll Axel said:

Initially I have used this Yobit prediction chart but now I don't use it. I mostly do my trading based on my own analysis and research and take some good advice from popular crypto YouTubers.

You can make your own analysis based on Yobit candle charts. It is more accurate than listening to Youtubers because they are predicting the whole market in general. If you are trading in Yobit or any other exchange, you have to analyze prices in exchanges. Every exchange has a certain amount of volume and a certain number of traders. These numbers are exclusive for each platform. Only traders inside an exchange know the exact trading situation in it. I think using Yobit charts + following important crypto news are enough to have a successful trade in Yobit.

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I always use the chart of the traded coin for the forecast. Before I start trading, I will examine the price chart for 1.5-2 months ago.

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Yes, I use this chart, I think I would lose a huge amount of coins if I didn't use it, but I also use other charts because sometimes they show a lot more information

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I normally see the price chart display at yobit when I'm trading but I don't use it because I always do instant trades not orders and i find it difficult to use or read.

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Yes, you should use the candles and charts of the platform that you are trading in. It is easy to read the candles if you are a professional and you will know the assembly areas easily without the need for any fees. This is what made the YOBIT platform place simple candles for easy analysis on them.


THINK POSITIVE

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I must use that chart so that i can have a little idea on how to predict the prices and make my trade. If you will have good skills on how to use that chat and you have a good capital, you will earn a good income.


Time is the ultimate weapon!

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when we enter into the trading we must improve our skills in reading the trading chart for getting an idea about the price.i always try to read the chart and graphs when i want to invest into some coin at any exchange .after reading those i get an idea and i take my own decision about investment

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I am trading on yobit exchange. As you are saying that predictions of price by chart history is best, i am also agree with you. Whenever i trade first i observe price chart then high amd low price, after i this i start trading. And all this help me to be successful trader. 

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Of course, this type of technique does take more than 200 years, reading the chart in the Japanese candles to know where to go at the price, predict a good entry, and have a good profit.

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7 hours ago, DoboniAyuuii said:

Using the Japanese candles gives details information about technical analyses for short tram trades but for long term, you will need normal chart analyses, although, the use of RSI can help but I ala make use of coinmarketcap to know about how low the coin is for such period of time. 

The candlestick chart in Yobit is very flexible. You can choose different modes in the chart to show you different time frames such as 12 hours, 24 hours and even 6 months. When you want to do a long term trade, you can see the chart over the period of 6 months to find out how the market has changed during half a year ago. I trade daily in Yobit and I set the chart in 24h mode to see the most recent movements. It can show you the exact date along with min and max values.

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