Topic: How to figure out the top? (Read 286 times)
It is necessary to build on the historical data. According to the chart, you can roughly determine whether the price is on the top or not. Well, if you constantly know where the price will grow or fall, then you will become a super trader.
Hey there! Everyone knows the golden rule of trading - "Never buy at the top". But the question is how can I figure out that the current price of the coin is now at it's top and won't grow more?
all the things you ask here is already attached on any trading site such as the current price and green or red percent tagged that showing the potential of the price also the graph of coin. Try to search the image of trading site mate through google . Best regards
Determine the top of a trade could be an encular task but with experience it could be a bit easier. Personally I will advice that you should not always wait for the top before you sell because in a bit to maximize profit it might actually backfire. Many tools can help you to deternine if it is appropriate to sell, like a good knowledge of candle stick pattern, studying the price history of the coins dated back to two months, paying attention to the 24hrs high and low of the coin. You must also understand when to buy that is buying in dip if you must be a great trader.
Hey there! Everyone knows the golden rule of trading - "Never buy at the top". But the question is how can I figure out that the current price of the coin is now at it's top and won't grow more? The first thing that comes to my mind is to monitor the amount of buy and sell orders and the time when markets are opened / closed. But anyway I'm startong this thread aiming to hear some usefull tips from experienced traders.
Its virtually impossible to figure out the top until after it happened. Some people manage to identify it but that is because they have the right hunch. After all this is still speculation, no one can tell you with 100% certainty.
Hey there! Everyone knows the golden rule of trading - "Never buy at the top". But the question is how can I figure out that the current price of the coin is now at it's top and won't grow more? The first thing that comes to my mind is to monitor the amount of buy and sell orders and the time when markets are opened / closed. But anyway I'm startong this thread aiming to hear some usefull tips from experienced traders.
Well if you are retarding the funds into simple ICO projects then you have got the lead already by looking at the project portfolio. I mean you can easily know what prices that coin might have at the ATH point by just looking at the roadmap and whitepaper for it. The different developments, concepts and ideas can get different amount of investors attracted and thus you can easily know whether that project will go up high enough or not and how much high! On the there hand for the coins which are already listed in the CMC you can try out your luck from the market cap that is being driven everyday. So with some logic I think we can get little bit idea about it.
Hey there! Everyone knows the golden rule of trading - "Never buy at the top". But the question is how can I figure out that the current price of the coin is now at it's top and won't grow more? The first thing that comes to my mind is to monitor the amount of buy and sell orders and the time when markets are opened / closed. But anyway I'm startong this thread aiming to hear some usefull tips from experienced traders.
I think it's all about the feeling because noone can say exactly where is the top and where is the bottom, the fluctuation is unpredictable and noone can predict it even the experts.Hey there! Everyone knows the golden rule of trading - "Never buy at the top". But the question is how can I figure out that the current price of the coin is now at it's top and won't grow more? The first thing that comes to my mind is to monitor the amount of buy and sell orders and the time when markets are opened / closed. But anyway I'm startong this thread aiming to hear some usefull tips from experienced traders.
I think it's all about the feeling because noone can say exactly where is the top and where is the bottom, the fluctuation is unpredictable and noone can predict it even the experts. 
Knowing when you are un the top is same as saying knowung that a crises is going to happen or that the price will go down so either you spot that there is a very active coin trading a price increase a circulation in the marketplace usage.
Or simply you start feeling that the matket is not stable that something is going wrong and the whole thing is about to collape.
At that point you shouldn't invest more rather you should sell what you have.
Or simply you start feeling that the matket is not stable that something is going wrong and the whole thing is about to collape.
At that point you shouldn't invest more rather you should sell what you have.
Hey there! Everyone knows the golden rule of trading - "Never buy at the top". But the question is how can I figure out that the current price of the coin is now at it's top and won't grow more? The first thing that comes to my mind is to monitor the amount of buy and sell orders and the time when markets are opened / closed. But anyway I'm startong this thread aiming to hear some usefull tips from experienced traders.
I think to find TOP you have to learn to read the information in places where reliable sources. In addition, you need to know the route as well as the information whether the positive or negative side it also greatly affect you. It is difficult for you to learn gradually and you will learn for yourself and your experience.Good luck
IMO, it's difficult to predict the top of cryptocurrency since it's purely depend on supply and demand. There is no government or world issue involve for bitcoin value.
It means that for who hold the most coin, let say the top 1 riches bitcoin owner try to sell all out of their coin, the value will significantly decrease.
~Just keep believe and Hold
It means that for who hold the most coin, let say the top 1 riches bitcoin owner try to sell all out of their coin, the value will significantly decrease.
~Just keep believe and Hold
I agree with hitrawal91 , read about technical indicators or check out some of the stuff on technical trading for forex or equities...you dont have to know it all to get a good idea when to enter or exit...
Generally you need to know how to look at the order book and gauge the support levels .... Also trying to get out at the top and in at the bottom all the time is impossible no one ever knows the top or the bottom. The idea is to earn money consistently try to set a target to earn on each trade and don't be to greedy...if you make 5-7% per intraday trade your doing great ..
Generally you need to know how to look at the order book and gauge the support levels .... Also trying to get out at the top and in at the bottom all the time is impossible no one ever knows the top or the bottom. The idea is to earn money consistently try to set a target to earn on each trade and don't be to greedy...if you make 5-7% per intraday trade your doing great ..
Hey there! Everyone knows the golden rule of trading - "Never buy at the top". But the question is how can I figure out that the current price of the coin is now at it's top and won't grow more? The first thing that comes to my mind is to monitor the amount of buy and sell orders and the time when markets are opened / closed. But anyway I'm startong this thread aiming to hear some usefull tips from experienced traders.
To figure out the top, I use many technical indicators and Sentiments like RSI, Candle and Volume Patterns, Chart patterns, and Bollinger bands. There are different types of Top formation which are formed and predicted by different Methods like are Tops made out of a change in volatility can be predicted using Bollinger band Indicator using Volatility Divergence pattern. Tops formed from RSI divergence is also another one which can be a major or minor Tops. Even change in price and volume analysis can help you figure out the tops formed in the Price Chart of the particular cryptocurrency.
Many traders use different strategies to determine when a price of an asset is at the top or bottom and a breakout or revise is about to occur! I think one of the general rule is double top in candlestick formation or line chart. The one I used to determined the top is hagman and using strength line index to know if the coin is overbought and volume of buyers has started to decreased. This has worked well for me though not accurate as there is no system that can predict the market accurately. Op you might need to develop your skills and knowledge on how to interpret this professional as you have said, buying at the top is a very wrong investment decisions.
Hey there! Everyone knows the golden rule of trading - "Never buy at the top". But the question is how can I figure out that the current price of the coin is now at it's top and won't grow more? The first thing that comes to my mind is to monitor the amount of buy and sell orders and the time when markets are opened / closed. But anyway I'm startong this thread aiming to hear some usefull tips from experienced traders.
Never buy at the top means don't buy a coin when the price rapidly increases for a little while like XRP it has been increasing rapidly from Christmas so its a while now so there is more chance to price getting dumped soon so you have to wait for the dump and buy it for cheaper price.But if you want to make more profits you have to monitor the prices in all exchanges in some you can get it for cheaper and in somewhere is price will be expensive so buy ans sell in no time will give you good profits.But all are just the prediction no assurance when it will be top and what the price would be so its like a gambling,we need to be lucky to make money.
I think this could be a precise definition. It is not easy to predict coins even if you really are updated in there website. And sometimes the prices of the coin dont return to their original low price. Like when a coin was at 1 dollar and it peaked, chances are we cant wait for it to go down so that we can buy it again. It may return to 3 dollars but we can just hope it will increase and buy at its currency price.
Hey there! Everyone knows the golden rule of trading - "Never buy at the top". But the question is how can I figure out that the current price of the coin is now at it's top and won't grow more? The first thing that comes to my mind is to monitor the amount of buy and sell orders and the time when markets are opened / closed. But anyway I'm startong this thread aiming to hear some usefull tips from experienced traders.
Never buy at the top means don't buy a coin when the price rapidly increases for a little while like XRP it has been increasing rapidly from Christmas so its a while now so there is more chance to price getting dumped soon so you have to wait for the dump and buy it for cheaper price.But if you want to make more profits you have to monitor the prices in all exchanges in some you can get it for cheaper and in somewhere is price will be expensive so buy ans sell in no time will give you good profits.But all are just the prediction no assurance when it will be top and what the price would be so its like a gambling,we need to be lucky to make money.
You should rely on a little knowledge of candlestick chart analysis to evaluate the peaks of copper. The top of the coin on the chart is the value that the coin reached the highest where the investor received a large profit so it sold a lot. If you use a horizontal bar drawn on the chart that passes through the highest points of the coin, that is the top of the coin.
well of course trading starts from experience without experience you like like being gamble, for example I invest on one coin and I monitor it every time LOL, maybe because I'm still a beginner or amateur I try not to see it but can not hahaha.ketika price drop me panic, between holding it or selling it.
in contrast to their pro traders will not be affected, even if prices rise or fall they remain stable.
in contrast to their pro traders will not be affected, even if prices rise or fall they remain stable.
I'm not an expert but if you're on short trading, you set your candle time into 1 or 5 minutes. I usually rely on MACD, RSI and Volume, I am using a custom one that tells you if it is already at buy/sell zone. Also, I am looking at the history of the prices of the coin I wanted to buy. Look at the previous highs (not the pumped ones with sudden spikes) and that should give you a good hint. I practice taking profit as low as 2% per trade as it is easier to hit small profits from 2%-5% that waiting for the top.
Hey there! Everyone knows the golden rule of trading - "Never buy at the top". But the question is how can I figure out that the current price of the coin is now at it's top and won't grow more? The first thing that comes to my mind is to monitor the amount of buy and sell orders and the time when markets are opened / closed. But anyway I'm startong this thread aiming to hear some usefull tips from experienced traders.
As a technical trader/ investor, I only see the second top price action using long term period. Example is just like this, first, set your time into month and see top number ( price ) comes up. Usually, after second top the price will change direction ( become higher or lower ). After second top comes up don't take open position, wait and see the price go and take option ( buy/ sell ). This rules also can use to find the bottom price action and usually works. This strategy not always give you profit but you'll get the right moment to start.
Hey there! Everyone knows the golden rule of trading - "Never buy at the top". But the question is how can I figure out that the current price of the coin is now at it's top and won't grow more? The first thing that comes to my mind is to monitor the amount of buy and sell orders and the time when markets are opened / closed. But anyway I'm startong this thread aiming to hear some usefull tips from experienced traders.
i'm mainly looking for two things:
1. high volume. when markets reverse, it's usually after very high volume. an equilibrium has been reached: every buyer has found a seller and every seller has found a buyer. these events are also sometimes called "capitulation." the shorters from the bottom finally panic and buy the top.
2. time. let's say the price of an instrument has been flagging for a couple weeks. then the price breaks out to the upside. eager bears will often try to begin shorting almost immediately. but since the flag took weeks (during which time all traders were building positions), the next leg up should take at least several days to play out. in other words, you can use time analysis to avoid calling the top too early.
realistically, you can only know when the real "top" is in long afterwards. this is more about taking profit and managing risk.
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