When to Buy Cryptocurrency, Best Time to Buy Bitcoin and Altcoins

Recently, the cryptocurrency market has been constantly growing, it would seem that it does not matter at all when to buy cryptocurrency, in any case you will win.

Often, investors actively begin to buy cryptocurrency at the peak of growth, after it has already reached another high.

But in fact, a spontaneous purchase at the wrong time may not only not bring profit, but even lead to significant losses.

Therefore, before making a transaction, it is recommended to first conduct a small market analysis and determine the most successful points for opening a transaction.

This is not at all difficult to do, since lately cryptocurrencies have been moving according to a certain pattern; you just need to analyze the movement chart of the selected asset.

For these purposes, you can use analytical graphs provided by some sites, but it is much more convenient to solve such a problem with the help of a professional cryptocurrency trading platforms.

Let's find out when it is better to buy cryptocurrency using the example of a chart in the metatrader 4 trading platform, since this option is the simplest and most effective.

To begin with, in the metatrader 4 trading platform, we launch a chart of the desired cryptocurrency pair and look at where the price is at a given time:

If the price is at or near its minimum, then this is the best time to buy, and there is a high probability that the rate will rise.

In the same case, if you bought a cryptocurrency at its peak, there is a high probability that the price will fall in the near future. Yes, perhaps there will be a rise again afterwards, but will your nerves withstand a strong drop and will you close the deal with a loss prematurely?

This simple method of assessing the situation allows you to make transactions at the best prices and make your trading on the crypto exchange more efficient.

Another advantage of the trading platform is that it is possible to place pending buy limit orders :

And program the transaction at the most favorable price, lower than what currently exists.

In addition, metatrader 4 allows you to use special indicators that will tell you the most successful moments to open transactions.