Do you have a strategy to help you determine that the dip is at its lower end?

el kaka22

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Quote from: 9thsky on August 17, 2021, 10:48:56 PM

There tends to be these - what I call - SIKE! rebounds.
What that means is that there will be a steep dip, you think it's bottoming out so you buy, and sure enough, it starts to go up nicely, and then suddenly, usually a couple of days later...BAM! It dips way past the dip you bought at...and stays there for a long time. I don't know if there is a term for this.

Any strategies out there to help you determine that it's the end of the dip for this period?

Well, I used to have one which is "if it dropped 50% in the last month, buy it" and that worked out a treat for a lot of the time, because usually things that go down that much ends up going up a lot, and the recent down and up shows that it is a proof of that.

However recently I realized that I do not have too much money to really care about what is going on with the prices, so whenever I get a little bit of money, I just put it on my portfolio and that's it, I don't care where the price is because I am a long term investor and will sell 10+ years later, so that means the 28k to 50k price point difference will be very unimportant in the long run, it could be very important if you invest a lot, but I do not invest a lot and that is why I think that it is quite important not to judge the price right now and just keep on buying as much as I can afford to.

Shenzou

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Quote from: 9thsky on August 17, 2021, 10:48:56 PM

There tends to be these - what I call - SIKE! rebounds.
What that means is that there will be a steep dip, you think it's bottoming out so you buy, and sure enough, it starts to go up nicely, and then suddenly, usually a couple of days later...BAM! It dips way past the dip you bought at...and stays there for a long time. I don't know if there is a term for this.

Any strategies out there to help you determine that it's the end of the dip for this period?

Usually when a price dips hard there is a reason behind it, meaning if you are seeing the price go down than you should immediately see the news if it is something that you think would affect the prices heavily than you should just wait until the dip is stable which can be detected easily using simple indicators like MA, at least that is what i use and for the most part it works pretty well.

stomachgrowls

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Quote from: Rengga Jati on August 25, 2021, 06:28:13 PM

Although we have used the TA, indicators, it will help us to understand where the market will be, but actually, we will not know the last dip or the most bottom price of a coin. There will be some steps where we can see from its resistance and monitor again based on the last price whether it hits or not.
But we can't determine the dip at that time is the end of the dip or not 100%.
That is why in every decrease, never buy a coin all in, but it is better to buy step by step by averaging in a certain amount.

Precision on 100% scale is never been possible on this market even though we do have lots of trading indicators but it wouldnt guarantee that the market would really be heading up that way.

Strategy is something that do really differ on each person but we do share up the common one which is on TA and FA. Determining the dip and peak is always been a challenge due to lots of factors.

Market is unpredictable and there's no way that you can really tell if its the time for some reversal or the price would go even more further.

Rengga Jati

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Although we have used the TA, indicators, it will help us to understand where the market will be, but actually, we will not know the last dip or the most bottom price of a coin. There will be some steps where we can see from its resistance and monitor again based on the last price whether it hits or not.
But we can't determine the dip at that time is the end of the dip or not 100%.
That is why in every decrease, never buy a coin all in, but it is better to buy step by step by averaging in a certain amount.

batang_bitcoin

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Quote from: Kimonoe on August 25, 2021, 03:02:16 AM

Quote from: batang_bitcoin on August 24, 2021, 07:48:09 PM

Quote from: chaser15 on August 24, 2021, 08:54:28 AM

Quote from: 9thsky on August 17, 2021, 10:48:56 PM

Any strategies out there to help you determine that it's the end of the dip for this period?

Self-analysis, instincts, own speculations, own predictions, that's my way.

We've got almost the same thing when we're determining the dip is lower. Not so good with technical and fundamental analysis and that's why sometimes, I'm using my own instinct and thoughts about the market.
We have our ways of determining if it's the dip, looking at the chart will always be helpful and if there are other factors that might help you do that, do it.

we use indicators it might help a little, for example we use the Fibonacci indicator, I think the 50-61 area is a good area to buy, although sometimes it doesn't work, at least we have a reference to buy in that area, because most prices will react in that area that

Yes, those indicators are helpful too and most traders, they're using those indicators because it's more near to having a better accuracy than those that we've got.
I think it's part of self-analysis but it isn't just mentioned too broad by him and me but we can conclude that with that and it all sums up to those indicators that you know and how to do it.

checkmatesir

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This is trading mate! no one knows, which coin will get up and which coin will go down, we can only predict the coins, and most of the top traders even can't say that the target they set for their coins is achieved perfectly, so it would be better for you to analyze the coins and just see their background and then trade.

semobo

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Quote from: 9thsky on August 17, 2021, 10:48:56 PM

There tends to be these - what I call - SIKE! rebounds.
What that means is that there will be a steep dip, you think it's bottoming out so you buy, and sure enough, it starts to go up nicely, and then suddenly, usually a couple of days later...BAM! It dips way past the dip you bought at...and stays there for a long time. I don't know if there is a term for this.

Any strategies out there to help you determine that it's the end of the dip for this period?

I don't understand that what you call as long time? Few months to 1 year?

More than that surely the prices will increase than how much price you bought at and even that is only when you bought the previous all time high.

Kimonoe

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Quote from: batang_bitcoin on August 24, 2021, 07:48:09 PM

Quote from: chaser15 on August 24, 2021, 08:54:28 AM

Quote from: 9thsky on August 17, 2021, 10:48:56 PM

Any strategies out there to help you determine that it's the end of the dip for this period?

Self-analysis, instincts, own speculations, own predictions, that's my way.

We've got almost the same thing when we're determining the dip is lower. Not so good with technical and fundamental analysis and that's why sometimes, I'm using my own instinct and thoughts about the market.
We have our ways of determining if it's the dip, looking at the chart will always be helpful and if there are other factors that might help you do that, do it.

we use indicators it might help a little, for example we use the Fibonacci indicator, I think the 50-61 area is a good area to buy, although sometimes it doesn't work, at least we have a reference to buy in that area, because most prices will react in that area that

sheenshane

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Quote from: chaser15 on August 24, 2021, 08:54:28 AM

Quote from: 9thsky on August 17, 2021, 10:48:56 PM

Any strategies out there to help you determine that it's the end of the dip for this period?

Self-analysis, instincts, own speculations, own predictions, that's my way.

Trend and news will give you a better forecast even though it's not that accurate but at least you have a source of information that the possible outcome of the Bitcoin price. Make our own speculation is the hardest thing on the market since we know that the crypto market price is unpredictable at all. So there's no real way to determine where's the dip but you know how to determine if there's a profit upon purchasing your crypto.

An expert says, with the combination of Technical and Fundamental analysis which gives you an almost accurate result of predicting the price, I can't give more specific details about it but I just wanted you to make your own research about this.

batang_bitcoin

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Quote from: chaser15 on August 24, 2021, 08:54:28 AM

Quote from: 9thsky on August 17, 2021, 10:48:56 PM

Any strategies out there to help you determine that it's the end of the dip for this period?

Self-analysis, instincts, own speculations, own predictions, that's my way.

We've got almost the same thing when we're determining the dip is lower. Not so good with technical and fundamental analysis and that's why sometimes, I'm using my own instinct and thoughts about the market.
We have our ways of determining if it's the dip, looking at the chart will always be helpful and if there are other factors that might help you do that, do it.

chaser15

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Quote from: 9thsky on August 17, 2021, 10:48:56 PM

Any strategies out there to help you determine that it's the end of the dip for this period?

Self-analysis, instincts, own speculations, own predictions, that's my way.

I can't specify my exact way because it depends on some given factors. It's really difficult to determine where or when the dip will end so I end up risking my strategy based on the result of my DYOR.

Try to make yours. Following others might give confusion instead can help you.

michellee

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To be honest, I feel difficult to determine the end of the dip because it is hard to know the right time. Sometimes, we think we can buy at a low price, but the price suddenly gets down deeper in the next hours. That can confuse traders with the situation and panic to see the price jump down sharply. We can not do anything except wait for some time or buy at that low price but for me, I will just wait and still hold until the price can increase again. Maybe the only strategy is just to wait and not doing anything.

CryptopreneurBrainboss

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Quote from: 9thsky on August 17, 2021, 10:48:56 PM

Any strategies out there to help you determine that it's the end of the dip for this period?

No trader, irrespective of how professional they are can predict the exact bottom of the market. There isn't any strategy to determine this although you can wait for a confirmation of a breakout in n the price of Bitcoin before buying into the market

That way you won't have to surfer any further dip but too, you won't get the coin at the bottom as you're expecting. Again you can DCA (dollar cost average) your investment in he sense that you don't go all in when you suspect a potential bottom, instead you reserve some funds that'll be used to buy into the market if it dips further.

With this strategy, you'll be getting a better deal when comparing to buying at ones, the more the market dips, the more you get more coins for lesser price than your earlier purchase and overtime you'll be getting a better deal on average purchase.

TheUltraElite

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Quote from: 9thsky on August 17, 2021, 10:48:56 PM

Any strategies out there to help you determine that it's the end of the dip for this period?

More easier said than done, but there are some methods to avoid or mitigate them:

1. Do Not day trade - if you are not day trading you will not find yourself in these situations. If you would buy at a low at some time and then sell after years you essentially removed all the ups and downs in that few years but managed to sell at a large multiplier. Mostly applicable to bitcoin only and of course bitcoin is the only coin you need.

2. Previous charts about support and resistance levels give some idea about what prices are going to get bought at or sold at.

3. Indicators are only 50-50. Use your own charts to determine your predictions. Keep both sides at hand, that is fiat and crypto so you can quickly balance either side when the wrong trade is executed but dont over-buy/sell.

That said, the first point is probably the best of them all.

cabron

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Swing traders have a way of identifying the lowest dip. I learned it from them because someone taught me how to do it. When there is a bullrun, you know it because the price will skyrocket like hitting the new ATH. When there is a bear, you also know because it's going to be a long wait for bull season again. The way they recognize it is if you look at the weekly chart with the RSI indicator to be oversold. And then you also analyze the monthly chart after that. The last bear season didn't look at at least it hit the bottom in the weekly chart.

ethereumhunter

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Maybe you need to focus on the red candle to determine when the dip is coming so you can buy it at the right time. But still, it is not easy to get the red candle that will be the dip as the price can get down for more. The only thing that you can do is make many buy orders at the lower price and waiting for the price to reach your target buy price. Otherwise, you will not have a chance to buy at a very low price, but you can buy at a low price. It will not be a problem if you can buy at a low price because you can sell it later when the price increase.

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Quote from: crzy on August 22, 2021, 05:41:00 PM

Quote from: killerman2 on August 21, 2021, 11:52:32 AM

I can't say about it and i don't have enough information about it but there are many telegrams group even most of them are free, but some are paid. They are predicting even the dip of the coins that at which range you should buy and at which range you should sell the coin.

I wont join that group even if its free because I know, they are the pump and dump group and if you are too slow, expect to lose money so better to depend on yourself and create your own strategy. Many indicators can tell this one, use a multiple one and make sure you understand that, MACD or RSI can tell if the market is already oversold, that could be your sign.

Well, possibly that is a pump and dump group which is also what I don't trust, you don't trust but you can still join since there is nothing lose with you.
Do you have at least references if you will join a group like this but as I always not to follow their instruction. Because in fact, there are no such tools that you are looking for. However, there is no way to predict the market condition, there is always a change from time to time and it does not give an accurate result. Just use your common sense to determine it will become ah lower end.

tvplus006

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Quote from: 9thsky on August 17, 2021, 10:48:56 PM

There tends to be these - what I call - SIKE! rebounds.
What that means is that there will be a steep dip, you think it's bottoming out so you buy, and sure enough, it starts to go up nicely, and then suddenly, usually a couple of days later...BAM! It dips way past the dip you bought at...and stays there for a long time. I don't know if there is a term for this.

Any strategies out there to help you determine that it's the end of the dip for this period?

I call it "dead cat bounce") In such cases, when there is a sharp rebound from the support level, it only means that the price will return back to test the level. In any case, there should be a protorgovka for several hours at this level and only then you can open an oder in the direction where the price will start moving.

crzy

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Quote from: killerman2 on August 21, 2021, 11:52:32 AM

I can't say about it and i don't have enough information about it but there are many telegrams group even most of them are free, but some are paid. They are predicting even the dip of the coins that at which range you should buy and at which range you should sell the coin.

I wont join that group even if its free because I know, they are the pump and dump group and if you are too slow, expect to lose money so better to depend on yourself and create your own strategy. Many indicators can tell this one, use a multiple one and make sure you understand that, MACD or RSI can tell if the market is already oversold, that could be your sign.

dezoel

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Quote from: killerman2 on August 21, 2021, 11:52:32 AM

I can't say about it and i don't have enough information about it but there are many telegrams group even most of them are free, but some are paid. They are predicting even the dip of the coins that at which range you should buy and at which range you should sell the coin.

Just because you seem new to me in crypto trading, I tell you some truth I have realized over the years about telegram groups.

There are three types of groups mainly:

1- Manipulators: The ones who manipulate the market with the help of a large number of supporters. They will ask all the subscribers/members of the group to buy a particular coin at an instant to hike the prices. Such groups are rare and hard to find.

2- Scammers: These groups will simply take the money and block you forever. Easy to find obviously.

3- Trolls: Some of the groups have overconfident and troll admins who will post any signals/predictions and then delete once it backfires.

Topic: Do you have a strategy to help you determine that the dip is at its lower end? (Read 282 times)