Purchase of cryptocurrencies with minimal risks - 3 simple signs

Now I will tell you about three simple signs that will accurately indicate whether it is worth buying the chosen cryptocurrency. They will suit conservative investors who do not like to take risks.

Registration and initial configuration of the Coinigy platform
To get started, you need to go to www.coinigy.com and register. This is the platform-aggregator of most exchanges, which allows you to easily and quickly switch between exchanges and coins, and also offers the most demanded analysis tools. The alternative is Tradingview platform - it's not so convenient to switch between violas, but there is a function of subscribing to the analysts you are interested in.
After registration, a table with many graphs and values appears before you.
Signs work for any coin. I'll explain with bitcoin, so you need to select a pair of bitcoins / USDT. To do this, in the left column, we first press "BTRX", and then on the right, we find the pair "BTC / USDT". At the very bottom, we show the annual graph. This is what we got (green rectangles allocate places where you need to click):

It is in this chart that we will look for simple signs that will help us to understand whether it is worth making a purchase.

Comfortable entry point
The first sign - you need to understand how much the coin has sunk in relation to its historic maximum. In the current market, for young and low-liquid coins, we will monitor the decline to 80%. If we are talking about leaders of liquidity, like bitcoin, a reduction of 50% is permissible. Looking at the chart, we notice that the record value of bitcoin was $ 19,870. Calculate 50% of this number and get $ 9935. We round up to 10 000, to make it easier. If at the moment the price of bitcoin is less than this amount - the first sign is. We look at the chart and see that bitcoin costs more than $ 11,000. You could refuse to buy, but given the strong upward trend of the cue ball, a long-term investor should buy it. But it may be necessary to withstand a small local correction.
If you are a conservative investor and want to reduce your risks to a minimum, and your cryptocurrency has failed at least one test-sign - a failure at once. But if you are ready for a reasonable risk, you can partially enter the position.

Relative Strength Index
The second characteristic - the "RSI" chart should be below the value "40". To open it, click on the "Indicators" icon on the top, write in the appeared window "RSI" and click on the line "Relative Strenght Index".

Now under the current schedule of "BTC / USDT," a purple chart "RSI" appears. Look at the current value. If it is below 40, the coin is good for buying. If more is a failure. Now bitcoin has a value of "58".

Average price for a period of time
The third sign is the contact with the charts "Moving Average". We need to add three such graphs with different values. To do this, we again click on the "Indicators" icon at the top and write "Moving Average". The same title will appear - click on it three times.

We close the white window and see three new lines with letters, numbers, and icons in the upper left corner of the chart. You need to click on the "Format" icon in the form of a gear on each of the lines and set the parameters in the appeared window. There are two tabs. Go to "Inputs" and set the value of "Lenght" - 50, 100 and 200 for 1, 2 and 3 lines (graphics), respectively. In the Style tab, everything is simple - we make the lines of graphs thicker and choose a convenient color.

I chose green, yellow and red colors. Now we look, whether the bitcoin schedule touches to the charts "Moving Average". In the screenshot, I selected this place with a blue rectangle. If bitcoin touches a chart with a value of "50" or below it - it's probably worth buying. If it crosses also the chart with the value "100" - you can buy. If you cross all three graphs - be sure to buy. All three options are suitable but differ in the degree of confidence.

Remember that you must have a match for each of them. If at least one sign is missing, and you do not want to risk - refuse to buy. The scheme is suitable for any koin.