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.

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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.

killerman2

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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.

AakZaki

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The most appropriate strategy to determine the decline at the lower end is to read the chart using several indicators that have been provided. analyze where the market is going, see volume etc.

Management is also carried out to support the initial strategy. by doing capital management properly, then you can get a cheap price.

Don't just enter, do the analysis first, the price decline is natural, if it has to go up it will definitely go up and if it goes down it will definitely go down. the need to learn technical analysis and fundamentals to overcome the risks that will occur when trading.

DarkIT

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Quote from: zanezane on August 19, 2021, 09:42:34 AM

There's no definite way to tell that a dip ends or not, but there are a lot of resources that's going to help you which are already mentioned by other users. Technical analysis I think is a good way to tell but not accurately predict if it's the bottom or not, try to also read a lot of articles regarding bitcoin and cryptocurrencies because those news can affect the prices.

Dip is not end at anypoint. Only thing is, the price will dip and pump. It occur in simultaneously. If you check the price of any coin over 1 year, you may find this one. But repeated dump and pump will happened with certain interval. It won't occur with short period. You need to patience to get such things happened.

pooya87

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I don't think that is even possible for any asset to predict the absolute bottom, even less so in a volatile market such as bitcoin and it is 100% impossible for a manipulated market such as the altcoin market.
For example take 2018, when price fell and continued in the bear market with all kinds of analysis $6k was the bottom but the price still fell hard down another 50% to $3k. Same thing was repeated this year but this time from $60k to $30k. The correction should have stopped somewhere around $40k+ but it didn't and it led to a longer accumulation phase.

The only strategy IMO is to determine the overall trend, like the current bull run of bitcoin, and then buy when there is a significant drop ignoring the possibility of more drops.

zanezane

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There's no definite way to tell that a dip ends or not, but there are a lot of resources that's going to help you which are already mentioned by other users. Technical analysis I think is a good way to tell but not accurately predict if it's the bottom or not, try to also read a lot of articles regarding bitcoin and cryptocurrencies because those news can affect the prices.

justdimin

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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?

You can hardly tell when the market has dropped to its lowest. I think the best thing you can do in this situation to have patience, and wait for sometime before you start investing in the market, so that you don’t end up making a mistake. You can even try to make use of technical analysis, it might be of help.

Or you can follow up with news sites such as Cointelegraph and their analysis that they do, it’s usually good and it can be accurate at times and that will help you know what actions to take at anytime. Or if you’re a long term investor you can just invest and continue to hold no matter the situation, you can keep on with the HODL until the market grows.

Wexnident

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TA's is what it's all about. Just try reading them and predicting it from there, you can also use other factors to judge based on what you believe. There's no really guaranteed strat whether the market's rebound would suddenly dip down again after all. It's all up to your personal judgement as a trader based on the gathered info you have from the various charts and the like that you get from the current state of the market. It's close to a guess yes, but it is an educated one.

Ararbermas

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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?

by the way I'm not am expert but base on my experience in such scenario, i think you should make technical analysis for log long period and higher time frame so that you have an idea what will be the right direction of the growth rate after couple of days. Use moving average indicator in order to have sign where you can place your order, for me i prefer 3 MA with different settings just to assure everything.. And lastly of course setup your stop lose, because you know market is very unpredictable, and those indicators sometimes can give you a false signal so always setup stop lose mate to avoid losses from the sudden fluctuation in the market.

9thsky

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Here's what I was thinking...something along the lines of... if the market falls by a certain percent in a certain amount of time then it's a dump and not the usual everyday supply and demand rise and fall.

If it doesn't go up by a certain percent in a certain amount of time, then we are still in a downward trend and it's not the end of the bottom to rose from and is likely to go back down. It's highly likely to be the end of the botoom once it goes up by a certain percent.

This percent to time rate would be determined by past trends.

How does such strategy sound to you?

akiho yoshizawa

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according to my experience, predictions and how to analyze price charts in the market for each person are different.. while the ups and downs depend on the size of the demand, always use stop loss / take profit just in case "if things don't go as desired,, for example, you have bought above and the price tends to fall, try to hold if you panic sell the losses will be even greater,,,

9thsky

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Quote from: Johnyz on August 18, 2021, 07:44:05 PM

Common indicators will tell if you the coin/token is already oversold

Oversold?

Quote from: Johnyz on August 18, 2021, 07:44:05 PM

...there’s a lot of good indicators to use to spot the dip

Could you name them plz?

9thsky

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Quote from: AmoreJaz on August 18, 2021, 07:43:56 PM

Quote from: Lanatsa on August 18, 2021, 07:35:23 PM

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, 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?

There's only one common way and which is using up technical indicators and you know that we can make use specially those trend lines and common support and resistances.If you do know on how to use it up together with some indicators like RSI and Moving averages.Then you would really have some idea on where it could possibly landed.

Always think of that technical indicators aren't something precise for you to rely on but it is way much more better rather than having no analysis at all because if you done that
then you are just simply doing gambling.

Trial and Error is the key because strategy doesn't really work for each everyone of us.

aside from that, it deviates from one alt to another. you can't expect the same trend behaviour for all alts. they have their own market performance depending on their actual developments, marketing, etc. this will be easy to spot on if you are a long-time holder of the coin and you already have seen their up and down movement. their previous history may assist you in getting estimates as well as what is currently happening on the project.

Don't most coins follow each other?

so98nn

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

[...]it starts to go up nicely, and then suddenly, usually a couple of days later, 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.
[...]

This is actually very important stuff here. I personally call it as "multiple entry points". Do not consider this as bad thing, or do not exaggerate that you bought at certain rates but later on you found out that the market is still crashing. Let it be! Let it crash, your actual entry point will be set when you keep buying at different rates when it is falling.

This can easily set out a unique "Break Even Point" for you. So it won't matter at this point if you bought at higher, medium, lower prices, since you average the whole trade. If you study this well, you will get to know benefits of such multiple entry points. This really saves you when crypto or market is not doing so well.

awik p

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no one knows to know the price is already at the bottom. but we can use area with the help of Fibonaci. we can determine the reversal area where a lot of the behavior traders will buy it. while the area in question is between 38-61 of the fibo line, this is just a market approach, because sometimes the market breaks it. then keep using the risk calculation

Dave1

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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, 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?

Catching a falling knife?

As for the strategy? No, there's none, no one really knows that we have reach the bottom, that's why it is a risky investment. We thought that the bottom for this year is $30k, and yet we plummet to $28k-$29k and bears started to preach that it is the end of bitcoin. However, we have rebounded already. For me the best strategy is just continue to stack sats, and buying during dips and hold for long term.

Oceat

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I can't really tell what to call it because this is the casual movement of how unpredictable the Bitcoin market is. It might be someone out there has oversold their crypto or just dump straight to the market. And I agree what @Lanatsa just said, that not everyone's strategy wouldn't work for all of us.

We all have different strategy in gaining profit or trading in the market. Just using the common strategy won't actually work on others but for most it does. So you might wanna work on that way to improve your trading skills. Even in selling it's still unpredictable because you think that it was the ATH but it keeps going up again then stop and drop back to your price level.

ultrloa

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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, 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?

No strategy will work but maybe you need to learn how market goes so that you will define what is the possible dip, although the suggestion of others really helps but try to analyze the dump since for sure you will get the idea on when to buy or not although our decisions are not accurate but somehow we can react on certain market movements once we see certain factors that can possibly help us upon taking positions also learn to find where the support is strong since sometimes that is the end point of the dump.

Johnyz

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Common indicators will tell if you the coin/token is already oversold and that could be a great signal to buy and wait for the market to rise because the probability that it will pump is high and that could be an opportunity to make money. You have to understand the trading there’s a lot of good indicators to use to spot the dip but of course there are still risk and that is not accurate 100%.

AmoreJaz

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Quote from: Lanatsa on August 18, 2021, 07:35:23 PM

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, 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?

There's only one common way and which is using up technical indicators and you know that we can make use specially those trend lines and common support and resistances.If you do know on how to use it up together with some indicators like RSI and Moving averages.Then you would really have some idea on where it could possibly landed.

Always think of that technical indicators aren't something precise for you to rely on but it is way much more better rather than having no analysis at all because if you done that
then you are just simply doing gambling.

Trial and Error is the key because strategy doesn't really work for each everyone of us.

aside from that, it deviates from one alt to another. you can't expect the same trend behaviour for all alts. they have their own market performance depending on their actual developments, marketing, etc. this will be easy to spot on if you are a long-time holder of the coin and you already have seen their up and down movement. their previous history may assist you in getting estimates as well as what is currently happening on the project.

Lanatsa

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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, 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?

There's only one common way and which is using up technical indicators and you know that we can make use specially those trend lines and common support and resistances.If you do know on how to use it up together with some indicators like RSI and Moving averages.Then you would really have some idea on where it could possibly landed.

Always think of that technical indicators aren't something precise for you to rely on but it is way much more better rather than having no analysis at all because if you done that
then you are just simply doing gambling.

Trial and Error is the key because strategy doesn't really work for each everyone of us.

livingfree

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Activity: 2884

Merit: 579

Hire Bitcointalk Camp. Manager @ r7promotions.com

Just use the common strategy that most traders do. Those TAs that has been common and you can see that with day traders.

No one knows if it's the bottom because in the past, many have assumed that bitcoin was already on its bottom but another bottom came in. So that's really unpredictable whether you're good at charts.

But at least with chart reading or TA, you have a pattern and increases your chance of reading the market accurately.

9thsky

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Activity: 240

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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?

Topic: Do you have a strategy to help you determine that the dip is at its lower end? (Read 310 times)