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Topic: How to recognize correct trading signals? - page 3. (Read 647 times)

member
Activity: 336
Merit: 55
December 10, 2018, 12:08:14 PM
#21
What I usually do to confirm this trading signal is by comparing their chart to other's chart at tradingview.com. I also analyzing the fundamental results or cryptocurrency news if it will be a bad or good news. There are some patterns to be recognized what will be the next color of candle will appear and honestly, there are different kinds of trading patterns so it will be pretty confusing specially if the fundamental results doesn't match on the technical results. The safest thing to do is to not to set too much expectation of return of investment.
sr. member
Activity: 924
Merit: 260
December 10, 2018, 12:04:30 PM
#20
All the signals are not reliable and it takes strong mind for one to really make money from this market.  I think the candlestick formations are the best and a bit reable signal one can find in trading.  Though candlesticks formation are not 100% realible.
jr. member
Activity: 378
Merit: 3
December 10, 2018, 10:46:51 AM
#19
in the crypto market, it is difficult to follow any signal it is advisable to buy and hold cryptocurrencies coins and sell when the coin in profit in bear market mostly no crypto signal wont work
hero member
Activity: 2520
Merit: 624
December 10, 2018, 07:56:57 AM
#18
I tried to use indicators but there is huge number of false signals and this did not help me anyway.

Na na... It will surely help you if you keep working it out. Every indicator has nice potential especially the ones that will direct you on the trend. There are all there in your trading platform. However, no signal is perfect.

Anyone telling you about any trading signals is just based on his or her own observations,so establish yours

Exactly what it is bro.
newbie
Activity: 174
Merit: 0
December 10, 2018, 05:17:35 AM
#17
Hi all,

Do you have any strategy how to recognize signals when market changes from bear to bull? I earned now some extra btc coins by selling on higher price and  buying at lower. But i am weak to see when market is changing to grow. Usually i buy in not correct time and after while positive grow is turned back to fall. But how to know when the signal for grow is the correct one? I tried to use indicators but there is huge number of false signals and this did not help me anyway.


I subscribed to some telegram channels so then they post something about current trading situations at the market i made some decisions.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
December 10, 2018, 04:49:03 AM
#16
I use to listen my brain after doing some research.
I am surprised that your brain is so skilled that doing some research yields huge results. Cheesy

Quote
But mostly I use to set a target for every crypto currency. I do not set big targets. If I am getting some profit then I use to sell my investment.
When was the last time you sold some coins? In this year we havent had much opportunities to sell except those who dumped after having bought at all time high - obviously at a loss.

Quote
Whenever I have some spare money then I use to by some currencies after visiting some blogs and getting some facts sheets about that crypto currency.
So you dont do your own research but depend on others to do it for you and you just follow them. Nice way to lose money actually. Roll Eyes

Quote
From every trader I use to learn something.
I wonder if these traders are even real or just altcoin shills.
hero member
Activity: 1022
Merit: 500
December 10, 2018, 03:53:50 AM
#15
Hi all,

Do you have any strategy how to recognize signals when market changes from bear to bull? I earned now some extra btc coins by selling on higher price and  buying at lower. But i am weak to see when market is changing to grow. Usually i buy in not correct time and after while positive grow is turned back to fall. But how to know when the signal for grow is the correct one? I tried to use indicators but there is huge number of false signals and this did not help me anyway.



Using indicators is making us a fool as a traders dude in my assessment on this, however, when you are in the actual market platform always look or check the highest buy support or lowest sell wall with this I think it will give you anyhow or idea about on which things for you need to do
the right things. Actually, reading the candle stick is a big help for you to understand the situation in the platform exchange anyway.

legendary
Activity: 3570
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
December 10, 2018, 03:10:11 AM
#14
Do you have any strategy how to recognize signals when market changes from bear to bull? I earned now some extra btc coins by selling on higher price and  buying at lower. But i am weak to see when market is changing to grow. Usually i buy in not correct time and after while positive grow is turned back to fall. But how to know when the signal for grow is the correct one? I tried to use indicators but there is huge number of false signals and this did not help me anyway.
I doubt any of us can really see a trading signal in this market.
Any signals and indicators that we are accustomed to in trading world does not really work around here.

It is more about the sudden changes because of news and manipulations by whales than just signals to be honest. I think the problem in our crypto economy is that it is too volatile and I don't know if that is because its unregulated but there is a big epidemic of swings that can make or break someones life in bitcoin.

Considering the prices can move this quickly from one way to another I don't think any successful trader can make too many right decisions in a row, maybe couple but after a while it becomes unpredictable and starts to go down. During the 6500 to 5000 time a month ago the price break all RSI records it ever had and became so low, nobody could ever anticipated it.
sr. member
Activity: 686
Merit: 250
December 08, 2018, 09:26:20 AM
#13
Hi all,

Do you have any strategy how to recognize signals when market changes from bear to bull? I earned now some extra btc coins by selling on higher price and  buying at lower. But i am weak to see when market is changing to grow. Usually i buy in not correct time and after while positive grow is turned back to fall. But how to know when the signal for grow is the correct one? I tried to use indicators but there is huge number of false signals and this did not help me anyway.


There is nothing predictable in the world of trading. Everything can happen so quickly. So don't ever convince yourself on a coin. Do various analyzes and see how the market moves. You need time and you also need data to be able to try to observe price movements. In the world of trading and the crypto world is a very unique thing, many wonders and we will have difficulty in determining how the decisions we will make.
hero member
Activity: 826
Merit: 518
December 08, 2018, 09:01:10 AM
#12
Hi all,

Do you have any strategy how to recognize signals when market changes from bear to bull? I earned now some extra btc coins by selling on higher price and  buying at lower. But i am weak to see when market is changing to grow. Usually i buy in not correct time and after while positive grow is turned back to fall. But how to know when the signal for grow is the correct one? I tried to use indicators but there is huge number of false signals and this did not help me anyway.


The answer is no,no one can find out when the market is going bearish or bullish you may pick the signals based on the technical analysis but still it is not going to happen for sure so just believe in your luck and start buying now.
full member
Activity: 504
Merit: 102
December 08, 2018, 06:45:48 AM
#11
Hi all,

Do you have any strategy how to recognize signals when market changes from bear to bull? I earned now some extra btc coins by selling on higher price and  buying at lower. But i am weak to see when market is changing to grow. Usually i buy in not correct time and after while positive grow is turned back to fall. But how to know when the signal for grow is the correct one? I tried to use indicators but there is huge number of false signals and this did not help me anyway.



Well, it is not that bad to find a good signals for your trades, but I guess it is more convenient to find a good strategy for your trading.
sr. member
Activity: 1008
Merit: 250
December 08, 2018, 05:54:50 AM
#10
I use to listen my brain after doing some research. But mostly I use to set a target for every crypto currency. I do not set big targets. If I am getting some profit then I use to sell my investment. Whenever I have some spare money then I use to by some currencies after visiting some blogs and getting some facts sheets about that crypto currency. From every trader I use to learn something.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
December 08, 2018, 05:42:11 AM
#9
Do you have any strategy how to recognize signals when market changes from bear to bull?
Other than following market metrics on some internet sites or apps there is nothing more you can do. Its important to also analyse the market on a daily basis yourself than wait for evening recaps done by so-called analysts (that is shill pumping youtubers)

Quote
I earned now some extra btc coins by selling on higher price and  buying at lower.
Everyone here is now jealous that you revealed it. Cheesy

Quote
But i am weak to see when market is changing to grow.
There is no straight answer to when it happens. Do your own research.

Quote
Usually i buy in not correct time and after while positive grow is turned back to fall. But how to know when the signal for grow is the correct one? I tried to use indicators but there is huge number of false signals and this did not help me anyway.
Be careful of telegram pump and dump groups. They are pumping their own shitcoins and dumping when you are told to buy. Also they will try to scam you by fake memberships and all. Stay away from those.

Learn how to do TA yourself - but this is not everybody's cup of tea.
legendary
Activity: 2576
Merit: 1655
December 08, 2018, 05:12:09 AM
#8
Hi all,

Do you have any strategy how to recognize signals when market changes from bear to bull? I earned now some extra btc coins by selling on higher price and  buying at lower. But i am weak to see when market is changing to grow. Usually i buy in not correct time and after while positive grow is turned back to fall. But how to know when the signal for grow is the correct one? I tried to use indicators but there is huge number of false signals and this did not help me anyway.



To be honest, its really hard to see when the price will go from bear to bull. I'm sure that no one in this community can perfectly predict it even TA won't help at all. So don't be hard on yourself, everyone here make mistakes so absolutely there's no need to blame yourself if your weak in seeing signals.

But I will warn you not to join those signal groups because they will just artificially pump some coins. But if you're looking at bitcoin, I'd say that you just need to constantly monitor the market and the sentiments of people here in the forum, it might help you in making the tough decisions to enter and purchase or sell your stash, just saying.
full member
Activity: 434
Merit: 246
December 08, 2018, 04:19:31 AM
#7
you can't predict with only using one indicator

You are right. You have to combine several indicators to make a profitable trading system. But my point was that the usual indicators everyone is using are almost useless in predicting the trend, or reversal. In addition, even though the crypto is decentralized, trading isn't. The majority of volume on the large exchanges is still comprised of smart money investments that drive the market any way they want.
hero member
Activity: 1274
Merit: 516
December 07, 2018, 07:04:14 PM
#6
I tried to use indicators but there is huge number of false signals and this did not help me anyway.

Welcome to the club. I would also like to know what is the best indicator that gives reversal signals in a reliable way. Most of the indicators you can find out there and most of the indicators everybody is using give false signals. A good indicator is worth pure gold, and if there is one no one is going to share it for free. And a good indicator certainly is not among the popular ones that the so-called experts use all the time and promote all the time.

Moreover, smart money knows that the retail traders are using these popular indicators. What they do is use these indicators against them and steal their money.

Indicators are only speculation based on bunch of data, it could not predict 100%, you can used several indicators to confirm the reversal, but since crypto is decentralised, it will be more difficult to predict the reversal, you will know when the market turnover when you got experience combine with bunch of indicators, you can't predict with only using one indicator
full member
Activity: 658
Merit: 152
December 07, 2018, 06:42:44 PM
#5
You need to look at the whole picture in perspective. Take all bitcoin's results from the most beginning, mark all tops and downs, how long it was going and so on. By this model you can make an approximately construction of every bull and bear. So, you can take it as the base for future predictions. Yes, it asks work, but I'm sure it worth to be done to be able to predict the market.
legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
December 07, 2018, 06:20:08 PM
#4
Hi all,

Do you have any strategy how to recognize signals when market changes from bear to bull? I earned now some extra btc coins by selling on higher price and  buying at lower. But i am weak to see when market is changing to grow. Usually i buy in not correct time and after while positive grow is turned back to fall. But how to know when the signal for grow is the correct one? I tried to use indicators but there is huge number of false signals and this did not help me anyway.



That's how unpredictable crypto market is. Signals and indicators are only guide but the outcome is unknown. If that is always predictable then no such things as loss. Yes there are lots of traders who became successful using signals but that's not the only thing they relied why they won. There are lots of reference to be consider aside from signals that can increase winning rates especially for short trades (and of course it will depend on what coin/token it is).

All predictions, analyzations, chart readings are bound to be spoiled once a certain trend crashed it. That's how volatile crypto market is and we need to deal on it.
full member
Activity: 434
Merit: 246
December 07, 2018, 04:14:39 PM
#3
I tried to use indicators but there is huge number of false signals and this did not help me anyway.

Welcome to the club. I would also like to know what is the best indicator that gives reversal signals in a reliable way. Most of the indicators you can find out there and most of the indicators everybody is using give false signals. A good indicator is worth pure gold, and if there is one no one is going to share it for free. And a good indicator certainly is not among the popular ones that the so-called experts use all the time and promote all the time.

Moreover, smart money knows that the retail traders are using these popular indicators. What they do is use these indicators against them and steal their money.
jr. member
Activity: 98
Merit: 2
December 07, 2018, 03:20:17 PM
#2
Most supposed trading signals are false as the market remains unpredictable,you could try to establish a signal but definitely it'll only be based on your individual speculations and not 100% correct.
So it's better to study the market yourself and get to look for little patterns if theirs any

Anyone telling you about any trading signals is just based on his or her own observations,so establish yours
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