How do you know if current prices are corrected or going to correct? - page 3.

Lanatsa

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Quote from: Turbolantern on November 14, 2021, 05:21:58 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.

Who knows?

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.

nelson4lov

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Quote from: cabron on November 14, 2021, 10:15:41 PM

Experienced traders can foresee where the price would go, it's not easy to achieve this kind of skill but it's possible for them to do the technical analysis. When the price seems to have bubbled, it's always going to pop but knowing when it will happen is not easy. Prices always do the correction but it will be hard to know when.

The trend somehow is just for us who are not very experienced. If prices start to correct, they always say the trend is your friend.

I have had the opportunity to hear from experienced traders about how they know the market or a particular pair night undergo a correction and their response was that when the current market run seems to be losing its steam, that's when they start making preparations for a possible correction. It might not always work but majority of the time, it does. Personally, if the market has been very bullish and then it the bullishness starts wearing off, I reevaluate my open positions immediately.

TinaK

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Quote from: Turbolantern on November 14, 2021, 05:21:58 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.

Do you think if someone will know they aren't rich enough now?
Because the crypto market is unpredictable, you will only know that the price is corrected after how many days seeing the price compared to the previous one, if the price drops something like 15% from the previous, that is being corrected price but you don't know exactly when it will occur.

There are some traders using technical and fundamental analysis for this, but against this is not a perfect tool to predict the market, it is just speculation either it is accurate or far from the result. Juts invest and hold for a long term and there is no need to wait for a massive correction, we don't know how can be folded bitcoin in the future or how many folds when it has a correction, so invest at your own risk.

South Park

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Quote from: Turbolantern on November 14, 2021, 05:21:58 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 need to understand something, the indicators that we use on our charts tells us what has happened in the past but they do not tell us what it is going to happen in the future with perfect accuracy, this means that it is up to the trader to interpret what has happened and make extrapolations about what it could happen in the future with those indicators, this unfortunately means there is no way to know if the price is about to correct or if it did so already, but you can use your skills as a trader to guess to the best of your ability when this will happen or if it has happened already.

Sweetbtc

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Doing trading or in trading there we (traders) can't say anything completely 100% accurately about any of the coin, because it all depends upon the trader own research and trading changes with time whether someone is investing a less amount or someone is invested more amount in the same coin, it will depend on different factors completely.

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Quote from: jostorres on November 15, 2021, 08:10:30 AM

Quote from: Turbolantern on November 14, 2021, 05:21:58 AM

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

You cannot figure out with bare eyes but you may somehow find out with the help of technical analysis which is the reason you must start trading only after mastering all the requirements of trading which usually includes/all about the technical analysis. With the help of technical analysis you will come to know like the prices are going to rise or going to fall and then according that, you can decide.

Quote from: Wexnident on November 15, 2021, 12:45:19 AM

a prediction, it has no stamp of guarantee that it would actually happen.

The guarantee of your production will increase along with your technical skills; you must work on continuous learning and must try combining more technical tools, this way you will get more accurate prediction up to 99% and the remaining is in God's hand.

For me, you don't need to master all the requirements in trading such as TAs to start trading. You can already start trading small while learning the basics as you will learn those tricks along the way. You can apply what you have learned by using small funds. And remember, each alt in this market is different. It is better to know their background or history so you will not be trading them blindly. As no one knows the correction phase of the coin, what you can do is get as much hint as possible by subscribing to the social media channels of the coin you are interested with. Because this will give you some insights on what may happen next for the coin.

jostorres

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Quote from: Turbolantern on November 14, 2021, 05:21:58 AM

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

You cannot figure out with bare eyes but you may somehow find out with the help of technical analysis which is the reason you must start trading only after mastering all the requirements of trading which usually includes/all about the technical analysis. With the help of technical analysis you will come to know like the prices are going to rise or going to fall and then according that, you can decide.

Quote from: Wexnident on November 15, 2021, 12:45:19 AM

a prediction, it has no stamp of guarantee that it would actually happen.

The guarantee of your production will increase along with your technical skills; you must work on continuous learning and must try combining more technical tools, this way you will get more accurate prediction up to 99% and the remaining is in God's hand.

michellee

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I never think like that. I just follow the price moves and try to profit because I do not think anyone will know the correct price for every coin. But if you want to trade, you need to have skills in analysis to know if the price now is at the correction mode so you can buy the coin at a low price. Maybe the only clue for you to determine if the price is in the correction area is when you see the big red candle for the coin to prepare or buy it directly.

XCANA

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Quote from: Turbolantern on November 14, 2021, 05:21:58 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.

That is the most difficult aspect of trading crypto currency or any other investment market. Most time traders do speculate which may come to fulfilment on some occasion but not at all the time. So, the only this you can do it to speculate and make your decision based on that, but remember at that point to reduce the amount of money want to risk.

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Quote from: Turbolantern on November 14, 2021, 05:21:58 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 will be able to know that when you learn technical analysis and how to read charts.
There are many courses and tutorials available on the internet which can guide you to learn technical analysis.
Once you learn it, you will be able to easily differentiate between correction, retest, accumulation zone, pump etc...
Also, trading is only a game of probabilities and nobody can accurately predict anything.
Most of the times, it's the traders who predict higher probabilities of an event who gain profits from the market.

Wexnident

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I don't think traders actually know? They just assume, predict, foresee it. It's not a guarantee but they have tons of information to back up their speculations together with their various experiences with the market, which pretty much reveals their personal judgment on how the market would move. Emphasis on the person though, since no judgment could actually be judged if it's true or not before the said event has come to pass. A prediction is just that, a prediction, it has no stamp of guarantee that it would actually happen.

Strongkored

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No one will ever be able to know the exact price unless you are in a group that really controls the market with a large funds can do that.
Imagine if they are able to precisely know the correct price then trading is something very easy for them and will only experience profit without loss, but I'm sure no trader will ever experience profit only.

cabron

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Experienced traders can foresee where the price would go, it's not easy to achieve this kind of skill but it's possible for them to do the technical analysis. When the price seems to have bubbled, it's always going to pop but knowing when it will happen is not easy. Prices always do the correction but it will be hard to know when.

The trend somehow is just for us who are not very experienced. If prices start to correct, they always say the trend is your friend.

adaseb

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If it was easy to tell what the market is going to do in the future, there would be no markets pretty much since everybody would be doing it. The market can’t exist if everybody makes money. It’s zero sum and half the people lose money to the other half.

Nobody knows if the $69K was the peak or not. Sure it dipped and perhaps it was the low and we might go higher however it’s impossible to know this moment. Hence why you should never invest more money than you can afford to lose.

mindrust

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Quote from: Turbolantern on November 14, 2021, 05:21:58 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 don't know it because you are not the market maker. If there was a way to know this, everybody would be rich. And since everybody can't be rich at the same time, it is not possible for everybody to make the right guess.

The only people who can make that guess right are usually the whales because they are not exactly "guessing". Their actions actually shape the markets.

When a guy with 10k (for example) coins thinks there is a bubble and sells his coins slowly, he can pop that bubble by creating panic among the other big whales and it can turn into a snowballing effect. (or not)

teosanru

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Quote from: Turbolantern on November 14, 2021, 05:21:58 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.

What do you think, if anyone would know that, won't he be called the greatest Investor Ever? Moreover, this is a very relative statement, for example, the price might be very correct in a shorter time frame let's say 15 days but not good to buy if you are going to hold for 6 months but can still be good if you want to buy for 5 years, so all this is quite subjective and depends entirely on your intent of investment and the timeframe you can spare the money for. A good index for this can be RSI if it's in the oversold region it means the price is corrected too much and can go up slightly.

The only solution that people do to circumvent this problem is the averaging or some people call it DCA but obviously everyone has limited capital. A simple strategy is to forecast the minimum point where you feel BTC can fall and split your capital in proportions until that point and wait, there is no better strategy than this.

Woodie

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Usually if crypto prices gained a lot in a short time, its expected that a correction will follow but if you don't want to speculate about this possibility, the best is apply technical analysis on the charts. By looking at the charts, markets give certain structure and candle patterns which can be used to anticipate such market moves, and for those that trade using order blocks....any unfilled order blocks can give you an idea that markets will be back to mitigate these unfilled blocks hence the correction.

Ararbermas

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Quote from: Turbolantern on November 14, 2021, 05:21:58 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.

look for the current resistance and support.. Dont just base in one time frame wherein must check different time frames. for me 4h to 1m is useful because you can assure that you will have a good prediction afterwards. And also you must know what are the common patterns that always exist in the graph because without such knowledge most of your TA will be useless after all.. For example "double tap, head and shoulders and etc". Because to be honest base on my experienced it's a big advantage to have such information.

Zanab247

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I guess with the information you get from the forum can make you to know if it is good to supply to the market or to hold for future to earn something good at the end of the investment. Once you discover that the price of a particular coins is not too stable in the market show that the coin is good to hold not to sell at the moment.
When you sell the population of customers going to the market to sell their coins show that the market price is correct to anyone to achieve profit at the moment. But when you see few customers selling their coins in the market, show that they sell base on some challenges to solve at the moment.

palle11

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If experienced people in the crypto market could understand when the market will rise and fall, I think they could be the richest people in the world. It's impossible. Experience people can assume 60% -80% of the market trend especially who are very much knowledgeable.

What experience people do is usually to pump the price of a coin and they dump their hodling and few lucky people can follow them on that . How they do this can be through trading groups in telegram, either they are the admin on the group or they send their group link to other groups and asking people to go buy the coin by hyping it. They create volume on the coin as price rise to the level they want to sell, they dump and move on. But as to the knowing when a coin will rise by themselves is not very possible like you also said.

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