How do you know if current prices are corrected or going to correct?

Kelvinid

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Quote from: Quidat on January 06, 2022, 06:35:32 PM

No one knows on whats coming and we know that technical analysis could be anytime be fucked up by market volatility which is really very common to happen.
Correction does happen whether theres news or sentiments around or doesnt have at all because this had been a typical behavior of this market and that what
makes it hard to predict on what would happen next. If you dont have sufficient knowledge and skills then you wouldnt last out for sure.

Even we are good at TA but we could not assure that it was right. The analysis is mostly based on the past and current trends but to know what gonna happen next is somewhat a big puzzle for everyone. We'll just be guessing or predicting and most of the time we are wrong. But despite this thing, people had never stopped doing this as it eventually helped them/us as well.

The volatility of the market makes it hard but on the other side, it gives us the advantage while having the chance to buy low and sell high.

Rengga Jati

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Actually, we will not know exactly whether the price wil be corrected or rise up.
However, sometimes there are some factors and also conditions where we may predict the market will be going on.
1. News spreading, it relates to some FUD coming from influenced parties, countries, or people, spreaded by media around the world. Commonly the price will be corrected after the release of the FUD.
2. We may also analyze the chart in indicators in the coins, there will be seen some probabilities based on the chart, time frame and other information on the indicators. Well, at least the technical analysis may also be used to see whether the price will be corrected or probably rise up. However once more, it is such a prediction and it is not 100% true. Maybe true or maybe not.

tippytoes

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Quote from: 2girls on January 06, 2022, 03:29:48 PM

If you know the Technical Analysis then you can understand the correct price of an altcoin or token. No one can predict the exact value of a coin for the future. You can just predict the price.

Even experts can't predict the market prices in accurate manner. But you can lessen your losses by keeping up to date with the market. Also, you will get some insights on what's going on with the project if you will follow the social media channels of the coins you are holding. If you see that the team starts to delete their accounts, then, something is wrong going on. Better discard your holdings before they totally disappear even at a loss. So in this scenario, you need to educate yourself by following their updates and news. You can't depend on fud or fake news.

Quidat

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No one knows on whats coming and we know that technical analysis could be anytime be fucked up by market volatility which is really very common to happen.
Correction does happen whether theres news or sentiments around or doesnt have at all because this had been a typical behavior of this market and that what
makes it hard to predict on what would happen next. If you dont have sufficient knowledge and skills then you wouldnt last out for sure.

2girls

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If you know the Technical Analysis then you can understand the correct price of an altcoin or token. No one can predict the exact value of a coin for the future. You can just predict the price.

ranaprime

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When you are going to be a trader you are told that you have to acquire a lot knowledge and experience. You have to learn a lot and these things are said to know the energy so that you can understand the nature of its motion. When to trade, when to wait. You can adjust the price chart indicator in different ways.

checkmatesir

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There is no way that how will the users know about the actual price but if they have certain type of profit then may be think that this price is corrected but when they do not have the opportunity to make cash then it may be says that the price is not correct. I think that no one really knows about the future price but they may be suggests and make opinion about the price but not actually knows.

Sihab76

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Quote from: Turbolantern on November 14, 2021, 06:21:58 AM

The current prices at any given time, how do you know if they are going to correct or are already corrected?

Like the prices atm.

It is never possible to know in advance about the cryptocurrency market, but if the future development of some projects is followed properly, the project can go in a good position. There are some cryptocurrency exchanges that are a must have, for any Affiliate, promoting any program.

Hobo66

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Its general that if you see certain price and suddenly that price become low then it is clear that this price is good for the buying of that coin. Same is the case when you buy coin and that elevated after sometimes and give you profit then it is the prediction of the success to get profit by selling that coin. Otherwise future price are just speculation and no one really sure about the coming price.

AmoreJaz

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For finding trend we have to guess what price is going to react around bottom or top line levels. Corrections happen after trends, if it is there you can trade the possible bottom for potential top in uptrends. Otherwise it is game of not getting liquidated.

even if you are experienced in this market, still some of your predictions will still be lopsided. no one can precisely predict what's going to happen. but you can always make a good guess if you are spending some money. correction is also somewhat overused. there will always be like this in any market.
you just need to keep an eye open for news that will possibly influence the trend in the market. and you should be prepared once it happens.

livingfree

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It's visible.

Now, it's correcting.

We don't need any validation for it but, as an actual sight in the market there are the charts. But knowing what's next, if it will up or down, it's for you to find it out.

Mentors would tell you TA and FA.

nelson4lov

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For finding trend we have to guess what price is going to react around bottom or top line levels. Corrections happen after trends, if it is there you can trade the possible bottom for potential top in uptrends. Otherwise it is game of not getting liquidated.

I think that in the ideal trading world and conditions, corrections usually come after price might have rallied for a while - just as you said, after trends. although it's worth noting that there are also corrections within trends. it doesn't necessarily need to be after the trend. corrections offer an opportunity for new buyers to get on board the ship or a chance for further price sliding down to much lower zones. the only hurdle is knowing when price would correct so we can take advantage.

famososMuertos

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Well ... it is not something that you get up today and then the message comes to you today we are going to have a correction in the price, the sporadic trader mainly lives in that permanent conjecture to be or not to be (to sell or not to sell) but the daily one it just starts selling-buying, sometimes I find myself in those two profiles.

It just happened just a few hours or a day ago, that + -10% (bitcoin) was or is very nice and if we add it with the accumulated bitcoin in which it is according to its maximum this year that in just a few hours has left many with good profits to re-buy bitcoin, but it is the continuous "performance" of cryptos, so "guessing" or know the price correction, they only depend on you doing the corresponding trade action, it is not something that is always achieved, sometimes you get it right or sometimes you don't.

DoublerHunter

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Quote from: Turbolantern on November 14, 2021, 06:21:58 AM

The current prices at any given time, how do you know if they are going to correct or are already corrected?

Like the prices atm.

^ You cannot predict what will happen in the future because the price is unpredictable, but knowing the fact that we are in a correcting status because if you compared the previous price vs the actual price if the price was down too much sounds like 10%-15%, expecting that it was a correction that will surely be backed anytime soon. At this moment we saw that there is resistance after the correction, it seems BTC was trying to recover in just a matter of hours. And if you are going to ask me about it is a time to invest, yes anytime is a good time as long as the purpose is a long term holding.

palle11

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Quote from: PhucS on December 04, 2021, 12:11:01 PM

I think very few people know in advance when the market will correct and the price will go down. The crypto market is always full of surprises. For some experienced traders, it is possible that they will be able to guess based on the signals that they have gathered through many trades. When the price is too high for a while, there may be a correction in the following days, but it is all guesswork, no one can know exactly what will happen in the future.

No one can say exactly that price will go down or up , it is only speculation that they do. The only kind that know may be the pump groups. The pump group can advise people in the group to buy coins that will keep the price also rising as more people buy it and they can start selling their hodling which can crash and fall the price but to know exactly that the price of bitcoin would fall is difficult. As it just dropped lately I don't think people expected the drop in price.

carlfebz2

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Quote from: PhucS on December 04, 2021, 12:11:01 PM

I think very few people know in advance when the market will correct and the price will go down. The crypto market is always full of surprises. For some experienced traders, it is possible that they will be able to guess based on the signals that they have gathered through many trades. When the price is too high for a while, there may be a correction in the following days, but it is all guesswork, no one can know exactly what will happen in the future.

For TA's then yes but talking literally then it doesnt exist because there would be no human on this world does able to know on what future looks like thats

why this is on self research and analysis when making out some presumptions or speculations on where the price could possibly able to go.

When we do speak about correction then this is something that hard to know because it all varies with the community or market sentiment
whether it is been influenced by Fud or any fundamentals.

PhucS

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I think very few people know in advance when the market will correct and the price will go down. The crypto market is always full of surprises. For some experienced traders, it is possible that they will be able to guess based on the signals that they have gathered through many trades. When the price is too high for a while, there may be a correction in the following days, but it is all guesswork, no one can know exactly what will happen in the future.

martina14

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Quote from: Turbolantern on November 14, 2021, 06:21:58 AM

The current prices at any given time, how do you know if they are going to correct or are already corrected?

Like the prices atm.

Well, for you able to know none of the traders here in the cryptocurrency knows that dude, In fact, almost all members here in the forum
are just giving their own speculations regarding about what they're thinking in the price could be in the future. Then, none of them can predict it accurately.

LUCKMCFLY

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Quote from: Turbolantern on November 14, 2021, 06:21:58 AM

The current prices at any given time, how do you know if they are going to correct or are already corrected?

Like the prices atm.

No one knows about when correction takes place even the people who are involve in crypto for so many years doesn't have a talent to predict the correction , we can only know the correction when it's already happen or takes place in athe market the price will suffer and it will make a sudden fall and people will panic and loss that is why patience is the most important in crypto if you don't have patience maybe you are in a wrong place.

Some years ago through the tensorcharts.com tool it is possible to see where the buy and sell orders are, as they appear as if they were small liquidity pools, and these give a lot of information according to the season, in every market we know that when there are a bullish rally or bullish trend, at any time a small correction occurs, and that correction is natural and very common in all speculative markets, in fact there is also another tool that can be used in tensorcharts, and in tradinview which is the volume profile To activate this tool it is necessary to have the premium version but it gives a lot of relevant information regarding what the market can do.

South Park

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Quote from: Johnyz on November 16, 2021, 05:36:43 PM

Quote from: Turbolantern on November 14, 2021, 06:21:58 AM

The current prices at any given time, how do you know if they are going to correct or are already corrected?

Like the prices atm.

This is the work of Technical Analysis, to know the possible trend or the next price range of a specific coins/tokens. Indicators can be use to tell if its going to up or down, either overbought or already oversold. In TA you must consider everything, one indicator that can be backed-up by other indicators, this can be more effective.

Traders have to understand the function of indicators, this is very helpful and the real answer to the question of OP though it may not 100% guaranteed, but most of the time it follows the trend. The current price corrections is an indication that we failed to sustain the momentum and failed to break the resistance, its normal fo see such corrections if you just look at history of the price.

Many people never do that, which is why I see people that are using 20 different indicators on the same chart when at most you need 4 or 5 to get the job done, if you have more than that then this means that most of the time one or more of the indicators on the chart are performing a similar function to other indicators and it is not adding anything to your understanding of the markets, and instead they could be hindering it by giving you mixed signals that makes more difficult for the average trader to make conclusions about the markets and its movements.

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