Advice on trends - page 8. | Bitcointalksearch.org

livingfree

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Quote from: Flowzer on July 28, 2021, 06:11:04 PM

Usually its just before weekend or after weekend market will have a big move. When weekend its usually quieter, i think its because of many trader are stock player and follow the worktime.

Mostly, when weekends, the price plummets and that's what you'll get to analyze.

In crypto, I don't think that there's a relation between the weekdays and weekends of crypto and stocks. But we've seen the connection of drops and pumps from stocks to crypto.

The market itself has connections for sometimes but not entirely including the days when traders are trading.

bitterguy28

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Analysis of supply and demand is very influential, and also in my opinion if the project that uses crypto is carried out as expected, I am sure the next week and months will definitely go up, but the good news and everyone's desire to invest the coin is big, it will definitely go up. also. that's what I think.

One thing is very sure , that if Manipulator bets on that coin for sure it will pump with huge amount.

but also expect a dump in a matter of time.

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Quote from: estheblessed on March 05, 2021, 04:51:24 PM

With regards to altcoins - mostly Ethereum and Litecoins - is there a time of the day/week/month when they tend to go up/down? Im guessing trading on the weekends is quieter than during the week?

Appreciate any input ... thanks

This has been tackled in another thread years ago i did not manage to save but the topic runs about is it good to trade weekdays or weekends in which the answer is clear there is no concrete evidence that growth happens in weekends though many chances that the prices drops in weekdays and climbs back in weekends but this is not there to trust , still trade at your own risk.

Quote from: pealr12 on July 29, 2021, 01:47:34 PM

If you can not read chart i don't think it is advisable to base your trade on trend because that will be heading to loss of funds in the process, it is better you use the chart to study the movement of the market, am not a trader but form what i read here and there regarding trading gives me a little insight about how trading works, perhaps there are different opinion and views regarding this, you should enquire more to understand it better.

Indeed , Technical analysis is what we need to understand and this requires knowledge in reading graphs as well.

pealr12

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If you can not read chart i don't think it is advisable to base your trade on trend because that will be heading to loss of funds in the process, it is better you use the chart to study the movement of the market, am not a trader but form what i read here and there regarding trading gives me a little insight about how trading works, perhaps there are different opinion and views regarding this, you should enquire more to understand it better.

irixo10

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I don't think anyone can deduce this accurately, because if anyone can I also don't think the person will be willing to share it, moreover this space is highly unpredictable thus deducing such a thing is very hard. If anyone tells you he can, then you have to be very careful and trading with extreme caution.
Generally with the market, it is mostly controlled by Bitcoin and most times by weekend it tends to be in dump which will drag the market as well, while week days it tends to be in green, but now it looks like it has changed with dump happening anytime and pump anytime as well, thus the reason I said no one can deduce it properly.
In addition, if you are trader you need to know your stuffs and trade carefully, manipulation and fud seems to be always lurking around when the market want to pump.

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Quote from: TimeTeller on July 28, 2021, 06:42:37 PM

Quote from: suzanne5223 on March 07, 2021, 06:55:36 PM

Quote from: estheblessed on March 05, 2021, 04:51:24 PM

With regards to altcoins - mostly Ethereum and Litecoins - is there a time of the day/week/month when they tend to go up/down? Im guessing trading on the weekends is quieter than during the week?

Appreciate any input ... thanks

Yes, cryptocurrency is usually busy during the weekdays and quiet when it a weekend and that's because the market capital and some day traders are usually closed for the weekend but that doesn't mean the market will always experience dump in price when it weekend.

We have no way of knowing about the trading movement even if it is weekend.
Because once a good/bad news comes out, it doesn't matter whether it is during weekdays or weekend.
Just keep an eye open as we can't guarantee that there is pattern in trading movement.
Even though, we observe that trading during weekend is not that active as compared to weekdays.

You're right and wrong about not knowing about trading movement even when it is the weekend because the change in the market trend is always diversity but if you follow the market trend very well at some point the market is not busy during the weekend and day trader can testify to what I just said. Besides, the number of transactions in the mempool when it weekend can be use as an example.

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Quote from: Bitcoinjheta on July 28, 2021, 11:45:30 PM

Personally,I don't think traders work with time frame - day,night,weekdays or weekends. They work based on income potential and therefore monitors the coin movement of the market 24/7.

The more trades you make, the more mistakes you make and the more loses you can get.

Good traders don't trade 24/7, they wait for confirmations or a few candles to confirm about good entries. They enter the market after confirmations, and exit with their plans.

10 trades each day, if you do it good, will bring good gains for your tradings. You can accept 1 to 2 bad trades in each 10 trades. If you make 100 trades each day, I doubt that you can make good entries and exits. You wil become an emotional trader.

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Quote from: Flowzer on July 28, 2021, 06:11:04 PM

Usually its just before weekend or after weekend market will have a big move. When weekend its usually quieter, i think its because of many trader are stock player and follow the worktime.

Personally,I don't think traders work with time frame - day,night,weekdays or weekends. They work based on income potential and therefore monitors the coin movement of the market 24/7.

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Quote from: suzanne5223 on March 07, 2021, 06:55:36 PM

Quote from: estheblessed on March 05, 2021, 04:51:24 PM

With regards to altcoins - mostly Ethereum and Litecoins - is there a time of the day/week/month when they tend to go up/down? Im guessing trading on the weekends is quieter than during the week?

Appreciate any input ... thanks

Yes, cryptocurrency is usually busy during the weekdays and quiet when it a weekend and that's because the market capital and some day traders are usually closed for the weekend but that doesn't mean the market will always experience dump in price when it weekend.

We have no way of knowing about the trading movement even if it is weekend.
Because once a good/bad news comes out, it doesn't matter whether it is during weekdays or weekend.
Just keep an eye open as we can't guarantee that there is pattern in trading movement.
Even though, we observe that trading during weekend is not that active as compared to weekdays.

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Quote from: crzy on March 08, 2021, 07:55:34 AM

Quote from: estheblessed on March 05, 2021, 04:51:24 PM

With regards to altcoins - mostly Ethereum and Litecoins - is there a time of the day/week/month when they tend to go up/down? Im guessing trading on the weekends is quieter than during the week?

Appreciate any input ... thanks

Maybe because during weekdays, people are tend to work and they also trade with stock market and during weekends, its Chill time. Anyway, this is just our speculation since there’s no specific time for the market to move because it will always depend on every project, if they are on the up trend or on a down trend.

I believe so, because many of my friends do the same like what u said, they have worktime and working(trading) during the weekend would disturb their mind and mentallity.

Flowzer

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Usually its just before weekend or after weekend market will have a big move. When weekend its usually quieter, i think its because of many trader are stock player and follow the worktime.

crzy

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Quote from: estheblessed on March 05, 2021, 04:51:24 PM

With regards to altcoins - mostly Ethereum and Litecoins - is there a time of the day/week/month when they tend to go up/down? Im guessing trading on the weekends is quieter than during the week?

Appreciate any input ... thanks

Maybe because during weekdays, people are tend to work and they also trade with stock market and during weekends, its Chill time. Anyway, this is just our speculation since there’s no specific time for the market to move because it will always depend on every project, if they are on the up trend or on a down trend.

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Quote from: bussybuddy on March 08, 2021, 01:11:25 AM

Perhaps by this point people are less afraid of a sharp drop, I think the overall trend is still up as bitcoin is doing very well. We have to understand that nothing goes up or down forever, so over the past few movements I will agree to a market correction, and if nothing has a big impact then I think we'll see soon. The market recovered and rose sharply again.

Yes, I have also seen that the market is recovering from the price drop. And LTC, ETH was the coins that we are seeing the most about the growth of the market, when the market has more money to invest, I see both ETH and LTC going up and also increasing a lot. This shows that the power of LTC and ETH is huge, the position of both will be the basis for many people to invest in it.

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Perhaps by this point people are less afraid of a sharp drop, I think the overall trend is still up as bitcoin is doing very well. We have to understand that nothing goes up or down forever, so over the past few movements I will agree to a market correction, and if nothing has a big impact then I think we'll see soon. The market recovered and rose sharply again.

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Quote from: estheblessed on March 05, 2021, 04:51:24 PM

With regards to altcoins - mostly Ethereum and Litecoins - is there a time of the day/week/month when they tend to go up/down? Im guessing trading on the weekends is quieter than during the week?

Appreciate any input ... thanks

You are basically talking about seasonal trading and there are in fact some assets that perform better during certain seasons of the year, like combustibles during winter and things like that, but the question is do you see a reason why altcoins should show better performance during certain hours, days or months? The answer is most likely no, which means that if you were to find a time in which this was true it will be a coincidence and it is not worth to trade the market in that way.

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Quote from: estheblessed on March 05, 2021, 04:51:24 PM

With regards to altcoins - mostly Ethereum and Litecoins - is there a time of the day/week/month when they tend to go up/down? Im guessing trading on the weekends is quieter than during the week?

Appreciate any input ... thanks

Yes, cryptocurrency is usually busy during the weekdays and quiet when it a weekend and that's because the market capital and some day traders are usually closed for the weekend but that doesn't mean the market will always experience dump in price when it weekend.

coinswebid

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Quote from: estheblessed on March 05, 2021, 04:51:24 PM

With regards to altcoins - mostly Ethereum and Litecoins - is there a time of the day/week/month when they tend to go up/down? Im guessing trading on the weekends is quieter than during the week?

Appreciate any input ... thanks

maybe yes, because in the weekend is not so volatile because many traders stop their trade in weekends mate
and in a big holiday too

DoublerHunter

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Quote from: JeromeTash on March 07, 2021, 03:09:32 PM

The trends are pretty much so random. They could begin on Monday, Wednesday, Friday, Sunday etc
What you need to do is keep an eye on the support and resistance levels. Once there is a breakout on these levels especially historic ones on top of other factors like volume, net cash inflow vs net cash outflow then there is a very high chance that a trend has just begun.

^ Possible, but if you will try to look at the BTC transaction in mempool, the most likely weekend does not have heavy traffic and probably I am guessing that most traders on weekend have a vacation or there is an important matter than doing trading that makes the market becomes a trend. But when it comes to office hours, I noticed there is heavy traffic per transaction in BTC and ETH. Nevertheless, theoretically guessing, there is no specific date and time when there is a trend. It will always have if the price in the market goes up.

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Quote from: estheblessed on March 05, 2021, 04:51:24 PM

With regards to altcoins - mostly Ethereum and Litecoins - is there a time of the day/week/month when they tend to go up/down? Im guessing trading on the weekends is quieter than during the week?

Appreciate any input ... thanks

There’s no such specific time for this one, anything can happen within the day and its hard to tell that one even TA can’t guarantee that. If you’re trading, make your time frame a little longer and use indicators to anticipate the future trend, but never expect that to fully happen just keep monitoring the price trend of the market.

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The trends are pretty much so random. They could begin on Monday, Wednesday, Friday, Sunday etc
What you need to do is keep an eye on the support and resistance levels. Once there is a breakout on these levels especially historic ones on top of other factors like volume, net cash inflow vs net cash outflow then there is a very high chance that a trend has just begun.

Topic: Advice on trends - page 8. (Read 1369 times)