Adaptability is very important - page 3.

Cameron1Love

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

We can't predict the market situation if what will happen, We have different strategy about trading. For me if we wanted to be success on trading better to spend more time and effort, I'm doing watching the market 24hrs but only to monitor the situation not to trade immediately because all we need here is discipline if we don't have this we can't earn profit. And greedy mode it depends on the market situation so just watch carefully.

junmisakiro

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yes, with adaptation we can find out how things are around and of course will have a lot of experience from this adaptation process, keep learning wherever you are.

molsewid

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Quote from: aysha9853 on December 05, 2020, 08:59:47 PM

analysis is very important not only adaptation but the possibility of the market is unpredictable many predict bitcoin to $20K December 2020 but the possibility has not happened until now, because the trading volume is always changing every second

You are right, this is the most important thing to do, we should analyze every situations so that we can monitor the chart closely and we can manage our losses if there will be some dip, which is unavoidable. This is a long journey before we can analyze it, but I think even some professionals can make a mistake or slightly mistake analyzing the market trends sometimes. We should know the progress of each coin as well, so we can adapt everything that is going to be change in the chart.

electronicash

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the risk is in both ways so whichever way you decide, be prepared. it takes time to really learn these skills and this also means that you get to lose money while learning. if you don't wanna lose a lot of money while taking the risk, just hodl. its the traders that build their career for the longest time that will really survive well in the harsh crypto market. if you can adapt well then good for you.

Jating

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

Of course, not just in crypto market, in life, one should adapt to its environment otherwise you will not survived. And it crypto, this market is very volatile that no single strategy are going to work in the long run. So as traders and investors, you will have to stay up to date with your strategy as well.

Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

But it takes time and experience to learn to be adaptable in this market. In the beginning, you might loss some money but gain exposure and experience that will serve you better in the future. So we should learn from our past mistakes, not to repeat it and be a good and successful trader in the future.

Bananington

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

Very good, this is all about price action trading and that's what I've mastered which works well for me most times. I strongly agree that adapting to various market situations is important, knowing when to buy (especially when candlesticks bounce off from support after retest or breakout from resistance) and knowing when to sell (especially when it fails to break strong resistance and forms bearish candlestick patterns in confluence with other signals). If you always sit back and complain about dips, without mastering and adapting to market situations, you can't excel as a crypto trader.

Chuky92

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

You are right though, but yet everyone seems to have their trading strategy which works for them. Also, I see it fit for someone to first and foremost learn about crypto trading, get the neccessary information and knowledge before venturing into trading. The reason I pointed this out is, most people just jump into trading because of what they heard or because of what they see their friends earn, some even go as far as joining trading groups just to get signals and so on. Hence the reason your point is good, but however getting the right knowledge first is also very important, because in the process of doing so, they will learn more.

cytpoway121

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Quote from: Fesatmas on December 06, 2020, 02:17:21 PM

Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

Indeed, Adaptation is very important to determine the direction of our development in reading the market situation.

To be honest, it was really hard to control until now.
sometimes even market analysts feel overwhelmed when deciding when to buy and when to sell.
Predictions are for illustration only, the rest is up to you to decide. because market movements are not easy to predict. be it bitcoin or altcoin, everything is always moving to avoid the predictions of many people.

I do not agree that predictions are for illustration alone. The illustration is all that decides how you react or adapt to the market. I think your interpretation of the market illustration will determine your next action on the market. and it has to be fast, quick and precise most times if you are to take profit.

coinporch

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

indeed, we must know what we should do, if our predictions wrong, wich mean we should cut our losses short, then buy back again in the deeper price or other support zone my friend, because know how to identify the support and resistance area is very important for all trader

optimisticcm

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

Yes, that is how active and keen traders multiply there holdings by selling high and buying low but only active traders can do that and most people here work only for part time so mistly they like to hold only because they have either full day job or business and cannot stay connected with the market always.

krisnajsadrak

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

thats right, we must learn about support and resistance level first before we trade my friend
because if we know about that, i believe we will knew how to trade properly, wich mean we can buy or sell in the right zone

ekeh

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Every thing in life a time per session, for example bitcoin current price is not the same prize like Five months ago, which every one has to adopt the current price of bitcoin, like wise bitcoin traders and investors need to accept the the current price, which is already stated as adaptability is very important in any business you're doing.

Fesatmas

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

Indeed, Adaptation is very important to determine the direction of our development in reading the market situation.

To be honest, it was really hard to control until now.
sometimes even market analysts feel overwhelmed when deciding when to buy and when to sell.
Predictions are for illustration only, the rest is up to you to decide. because market movements are not easy to predict. be it bitcoin or altcoin, everything is always moving to avoid the predictions of many people.

Banulit

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

I think that this is absolutely true aside from being risk taker, a crypto enthusiasts no matter if he is just a newbie or a professional on this field still need to have an adaptability as its fundamental attribute in order to survive in every uncertain situations happening in the market.

fridrix21

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I agree that it is very important for a trader to be able to tailor himself to the situation in time, to change the strategy when it is needed and in general to be constantly ready for market changes.

jahepahit

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In addition, adaptability is the skill to cope in every market conditions, make profit during the bull, during the dip. This is a rare skill among traders. But everyone needs to hone this to be more successful.

aysha9853

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analysis is very important not only adaptation but the possibility of the market is unpredictable many predict bitcoin to $20K December 2020 but the possibility has not happened until now, because the trading volume is always changing every second

EmmaGod

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The journey towards becoming a cryptocurrency trader requires a great deal of effort and experience. Its possible to make countless losses before gaining the required experience and expertise. The best place to sell is the point of resistance, but the skill of determination is both instinctive and difficult to determine.

Pasnik

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

Adaptability is important special now that all the things is change like technology and others. In crypto we need more ideas to adapted because it s good to have knowledge what we doing. We not just earned but we learned also.

hd49728

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Quote from: cytpoway121 on December 04, 2020, 01:00:48 PM

Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.

What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.

It is not adaptability. I consider it as a flexible trading strategy. You have to know that supports and resistances are temporary only. They don't exist forever and their existence will be decided in a window. The window will be rolled up or down when time passes and the market moves.

Supports and resistances can flip at cross points at such you have to be very flexible with your orders. You have to cut losses or take a draw or take a very minor profit to exit the market or simply to close your oders. After that, wait for other entries.

Bitcoin Support and Resistance for dummies
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