How do you know if current prices are corrected or going to correct? - page 2.

palle11

sr. member

Activity: 2366

Merit: 332

Quote from: Stedsm on November 20, 2021, 02:16:55 PM

Have you heard of Fibonacci?
You must try it on your charts to understand where will the market be heading, because knowing major levels of support and resistance will literally help you out in finding out whether a correction is near or the market is going to take a rebound. And keep note of things side by side as to what's happening outside markets but relates to the crypto you're invested in, so that will also help you predict it in a much better way.

From my experience with Fibonacci retracement , it is not a trend finder. Fibonacci is just like any other indicator that can be overwhelmed by market rush. Fibonacci is an indicator that you can set to your taste of trading strategy so I consider it as an indicator that can be manipulated or lagging behind the market price. I used it but it is not a trend finder, just one of the indicators that the market volatility will easily beat the set to confuse you.

Rengga Jati

hero member

Activity: 2072

Merit: 656

PredX - AI-Powered Prediction Market

Market correction is the position of price or rate of coins or tokens are decreased. And commonly if they are more than -8-10%, maximally, they are considered as a market correction. And we can do buying the coins in some stages (not all in) in order to prevent being decreased again, so we still have another chance to buy.
We can also see from the chart indicator of a coin price rate, there will be certain candles that show us about the movement of the price itself.
So, this doesn't mean only by guessing an gambling, but by analyzing from the indicators. Although this may not guarantee that the analysis is true, but at least, this indicator helps us to understand what will probably happen to the market.

Stedsm

legendary

Activity: 3052

Merit: 1273

Have you heard of Fibonacci?
You must try it on your charts to understand where will the market be heading, because knowing major levels of support and resistance will literally help you out in finding out whether a correction is near or the market is going to take a rebound. And keep note of things side by side as to what's happening outside markets but relates to the crypto you're invested in, so that will also help you predict it in a much better way.

ScamViruS

hero member

Activity: 1806

Merit: 720

Top Crypto Casino

Quote from: carolynpatterson on November 18, 2021, 12:05:48 AM

It’s hard to tell, you can only speculate. Your analysis will always come in handy. The knowledge of both analysis—fundamental & technical—is essential to get the best returns.

It is necessary. Many times the market fundamentals react recklessly due to various news which causes the market to become unstable and change in any direction of the big kind of market price. This makes it difficult for ordinary traders to find the right time. When a trader tries to make a decision after doing various analyzes, the opposite reaction is seen in the market, As a result, technical and fundamental analysis can often confuse a trader due to the rapid changes of the market.

AakZaki

legendary

Activity: 2338

Merit: 1084

zknodes.org

Quote from: New.in.trading on November 17, 2021, 05:52:37 AM

Short answer: You cant know, like knowing what's 2+2 . Its that simple. No one knows. But you can make a plan, according to your strategy and then, if it starts playing out, enter a position. That is what I do for btcusd and others. This my current view of things. If it happens, I get an entry. If not, then there is no entry. Its that simple. It needs to be updated regularly, and then be followed again.

It seems easy enough to read your words, but I think it's quite difficult to apply them. At least enter the market if you look at the chart must certainly have technical analysis in addition to fundamentals. If you look at the lines you make, it's certainly not easy for new people to understand. Indeed, market analysts have had ease with the various tools provided in the chart. When drawing lines I need the help of some tools such as fibonanci, RSI, MACD and some other tools. Because if you look at the line you make it will be very difficult why it can go down and then go up, down again it seems to need to be clearer.

LUCKMCFLY

legendary

Activity: 2548

Merit: 1873

Leading Crypto Sports Betting & Casino Platform

Well, intuition is a valid way to take into account, however, you do not need so much experience to be able to predict it, for example the BTC is with a price higher than + $ 60k and this price can continue to increase due to many reasons, but in some At the moment you must make a correction naturally, a healthy correction, which is normal in any speculative market, and this means that it can occur at any time due to the volatility of the currency, and if this happens all altcoins will fall in price in a radical way, then it is always better to be aware of any bearish movement.

so98nn

hero member

Activity: 2086

Merit: 603

After reading the whole thread it seems no one exactly know how and when the market corrections happen. I have seen many peeps just stating that the market is on the verge of correction when it has recently went to ATH and is now dropping in prices. Why not take the current cycle example where price rose ATH just few days back, got stabilised for sometime, and now crashing at alarming rate. Peeps will start calling this phenomenon as correction. This is because everyone thinks the ATH price was too much for it.

Honestly I do not believe in this one now a days. I myself used to state earlier that market is correcting itself and stuff like that. But these days the patterns are completely different. You cant be sure what happening. The movement you think its correcting itself is the next step bitcoin will jump to whole new ATH. Lolz.

carolynpatterson

newbie

Activity: 27

Merit: 0

It’s hard to tell, you can only speculate. Your analysis will always come in handy. The knowledge of both analysis—fundamental & technical—is essential to get the best returns.

Issa56

hero member

Activity: 1484

Merit: 928

I don't think anybody knows when a particular coin already hit the bottom and it won't go down any more and body knows when a coin is due for correction as a trader the only thing you can do is just to study the candle stick and make sure you look for a good entry and enter the market and if you are leaving the market if you think you are already in profit and you are satisfied you can easily leave but if you are contemplating if there will be correction kindly do you analysis again and if you think there is high probability that correction or dump will happen kindly leave if you want to.

New.in.trading

member

Activity: 211

Merit: 20

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.

Short answer: You cant know, like knowing what's 2+2 . Its that simple. No one knows. But you can make a plan, according to your strategy and then, if it starts playing out, enter a position. That is what I do for btcusd and others. This my current view of things. If it happens, I get an entry. If not, then there is no entry. Its that simple. It needs to be updated regularly, and then be followed again.

BitcoinAccepted

legendary

Activity: 2660

Merit: 1009

Most likely after it reaches its ATH however some coins can continuously go higher before expecting correction, some are minor corrections and some are major corrections. But in reality there's no way we can exactly tell when there will be a correction and how deep their corrections will be that's why we combined different indicators and our instinct to make successful trades.

worle1bm

full member

Activity: 1834

Merit: 166

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.

We can only speculate and if you are experienced trader you can study the candle patterns and find out the next move but not always right.If anyone could perfectly time out buying/selling actions then it would have made him/her the richest and luckiest person but that's not happening.So you can only make assumptions from the facts and figures but we can't figure out perfectly that they are going up or down.

otundebis

full member

Activity: 630

Merit: 100

The market of cryptocurrency is dynamic and what determine price correction are varied. In the recent price dip, US policy signing as regard broker will limit cryotocurrency trading and investment in the US! Many fundermenter factors could determine the price of bit on now and in the future. When you pay attention to what is going on around the world, you will know what to do to protect yourself against price correction!

Hypnosis00

sr. member

Activity: 2436

Merit: 343

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.

We just speculate what will happen next because we never know exactly. Because if only possible that we know, I think we all in rich but that was not the intention of creating this and this volatile nature adds surprises and interest of the people around. If we are one of those people who want the thrill and wanted to make speculation, that would be great and seem to be the place to stay.

Besides, it wasn't the volatility that make things difficult to understand the situation of the market. It was just ourselves who can't adjust and adopt such an environment, that we should have to do, otherwise.

Johnyz

full member

Activity: 2086

Merit: 193

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.

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: ?? on ??

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.

By reading the chart you can predict the next trend and some indicators will help you plot your next strategy for the next trend so better to start learning TA now because its working especially if you do this properly. Corrections always happen every time the market goes up though, so expect some correction if you see new ATH on any coin because they can’t totally go up without corrections, people will always take profit.

Wont really be a problem if you do really know on how to read up the charts but if not then you would really be finding it difficult but you should bare in mind that not all technical analysis would work anytime.

There are various factors that could affect market movements and to know that this is something which cant easily be predicted then its anticipated that some of your
analysis couldnt work.You would able to notice or determine it on point when you are engaging with this very unpredictable market.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

Quote from: Lanatsa on November 15, 2021, 06:41:28 PM

No one on this market does have that kind of ability on knowing on whats the upcoming thing specially on times of correction but somehow with the help of technical analysis then you could presume out possible movements if ever it did reach a certain point like the indicators are already showing off some reversal possible situation

Also to think that not all TA's could really be precise which means it would neither work or follow or wouldn't really make any reactions at all and this is how this market to
unpredictable.

If it was predictable on the first place then we wouldn't really be this big.

The scary part is that nobody "really" knows (you can make assumptions predictions of course) but there are so many that talk like they know what is going to happen. I do not get why people are interested in those people and why they listen to those people neither. There are millions of dollars lost on each cycle just because some people believed so called "experts".

They are dime a dozen on twitter for example, you can see a ton of people who call out what will happen, sometimes they are right and sometimes they are wrong and they defend themselves when they are wrong by saying something unexpected happened (something unexpected happening in crypto is something you expect ffs) and then they talk about how they were right and how awesome they are if they get it correctly. It is really a horrible situation we are in and I hope that it will do better in the future.

ItsCrafty

full member

Activity: 826

Merit: 135

Tontogether | Save Smart & Win Big

Most of time, probably with me happens that if I bought some coins at low price then its price decreases firstly when is sell it it increases at the same time, I think this will probably be happen with other too, so in trading world traders have only the ability to judge the coins and get to it, they don't know what to do exact.

fullhdpixel

hero member

Activity: 2828

Merit: 611

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.

There’s really no way that you’ll be able to tell when the market is going to be corrected or whether it has been corrected. Mainly what traders do in the market is just to keep speculating on what may happen and sometimes it do happen and sometimes it doesn’t. So, it’s not like there is anyone who is able to see what’s going to happen in the market and that just keeps happening, it doesn’t work that way, it’s just something that may or may not happen. So, that’s why they say the market is all about speculation and nobody knows it all.

Though analysis can help you to know where the market might actually be heading to, whether it will be going down or likely to go up, but it doesn’t tell you the exact price it is going to land at. And even at that your , analysis can even end up being wrong.

jrrsparkles

sr. member

Activity: 2436

Merit: 272

Hire Bitcointalk Camp. Manager @ r7promotions.com

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.

Literally nobody never knows that, that is the nature of cryptocurrencies if you don't know that atleast learn that now and stop asking silly questions like this anymore guys.

The prices of cryptocurrency started to taking a leap after the continuous green for the past few months but we don't know either its a correction or the start of bear market.

Topic: How do you know if current prices are corrected or going to correct? - page 2. (Read 424 times)