Is there a pattern when there is a dump like this?

Rajamuda

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Quote from: 9thsky on June 21, 2021, 10:24:49 AM

So the question is, has this happened before...where the dump ceases, starts going up a little (so you think it's a good time to buy as you take that as an indication that the decline has stopped because prices are rising), but then it suddenly dumps again?
Or is the whole thing a complete crap shoot?

The point is it's a fluctuation that sometimes we don't predict correctly, it's a natural thing that often happens, after all.. it doesn't cause high losses, it just needs to add a period of time to hold it. I think it's not a big problem, here we certainly believe more that bitcoin can still provide high opportunities for our profits for the long term.

erep

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Quote from: Rajamuda on August 07, 2021, 11:39:48 PM

The point is it's a fluctuation that sometimes we don't predict correctly, it's a natural thing that often happens, after all.. it doesn't cause high losses, it just needs to add a period of time to hold it. I think it's not a big problem, here we certainly believe more that bitcoin can still provide high opportunities for our profits for the long term.

Trust is the main thing for investing in the crypto market because market fluctuations there is no accuracy in analysis, once the market is pumped again at this time then patience and trust are the best things after prioritizing holding bitcoins in the long term, I strongly believe the market will change history once it reaches a new ATH .

sana54210

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Quote from: ene1980 on August 07, 2021, 06:07:49 AM

There is no magical pattern that you can follow to predict whether the market will go down or not. It is a fact that majority of the big institutional investors are holding Bitcoin and so is the reason the price rallied from below $10k to $60k in a short period of time and there was no clue of evidence that these huge investors will be purchasing them in billions even though we had an idea that there will be huge investments coming in considering we had our halving but this time the market rallied a lot and it is really difficult to predict or follow a pattern in a situation like this.

That is the problem with the TA people. I can read charts as well when I want to but I do not even remember when was the last time I read any chart to decide which direction it will go and make an investment based on that. At the end of the day we should not be looking into charts as the only true thing, because anything could happen in the crypto world that can make it go up or down overnight.

Like look at bitcoin right now, it is 43k+ dollars, and crypto reached 3k+ once again. We are basically living a renewed bull chart right now. Just like 10 days ago or so the price was 28k, I forgot when it was but it was very recently, and everyone talked about how it had a chance of going under 20k for a while. That is going to be a tough situation, and that is going to be like that forever, it may drop tomorrow as well, who knows? Neither direction is known beforehand.

Shasha80

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Quote from: wxa7115 on August 06, 2021, 06:27:41 PM

Quote from: Fatunad on July 26, 2021, 05:06:08 PM

Quote from: wxa7115 on July 26, 2021, 01:36:58 PM

~

Whales arent dumb and for sure they would really be doing themselves on not to be that obvious when it comes into their movements and i do agree on what you have said here.
Patterns are just normal to be formed but the question is that are they really that accurate on following it or for you to rely on.? ITs up for you to discover on but the answer
into this question is that there's no such thing do exist.We might able to form something but it wont really be that be giving out that 100% effectiveness.

It is true that patterns appear from time to time in all markets, one of the most obvious ones is the famous head and shoulder pattern, the issue is that those patterns only indicate a tendency of the market to do something, it is not a sure thing and yet many people trade those patterns as if there is a 100% possibility that their prediction is going to come true and when this doesn't happen they get mad and accuse the markets of being manipulated.

But even if that was the case it was their fault for believing that they can predict what the market can do all the time, something that not even the best investors around the world can do.

I believe crypto moves have patterns, and based on some of the articles I've read there are several patterns that could emerge. Therefore it is
very important for us to do technical analysis before making decisions in crypto trading. So that we can find out which patterns will appear,
from knowing the pattern of market movements, we can predict where the market will move. But I agree that not all predictions about crypto
prices based on emerging patterns can be 100% accurate. Still, there are other factors that can change the direction of market movement to
be inconsistent with the pattern that appears, therefore crypto trading is very risky, because it's movement is very difficult to predict.

ene1980

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Quote from: Dhaniii on August 07, 2021, 12:46:08 AM

bitcoin is held by the world's leading investors in large amounts. I believe the movement of bitcoin either up or down is determined by a special pattern designed by their community.

There is no magical pattern that you can follow to predict whether the market will go down or not. It is a fact that majority of the big institutional investors are holding Bitcoin and so is the reason the price rallied from below $10k to $60k in a short period of time and there was no clue of evidence that these huge investors will be purchasing them in billions even though we had an idea that there will be huge investments coming in considering we had our halving but this time the market rallied a lot and it is really difficult to predict or follow a pattern in a situation like this.

Dhaniii

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bitcoin is held by the world's leading investors in large amounts. I believe the movement of bitcoin either up or down is determined by a special pattern designed by their community.
there is a pattern in the form of moving with positive issues and there is a pattern for lowering prices with the issue of failing to adopt the company or so on.
so both patterns are very much made by those who are able to control market share.

tippytoes

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Quote from: stomachgrowls on August 06, 2021, 07:36:51 PM

Quote from: magneto on July 19, 2021, 07:48:31 PM

No pattern.

Technical Analysis certainly doesn't work when there are more important macro trends in play that are simply not accounted for. There is a reason why TA is sometimes dubbed astrology for men.

People said that $40k was the bottom and won't be broken through - until it wasn't. They said that everything was pointing towards $32k being the ultimate resistance - until it wasn't. Looking for patterns in the charts is merely wishful thinking.

They should treat and act differently here on crypto rather than forcing itself to follow on what technical indicators been showing just like on typical forex market where patterns could possibly be known.

Its not something similar to forex and stocks where technicals do usually bite and cryptocurrency market is totally different into that manner.It doesnt really obey any technicals or even fundamentals
and that what makes it hard to predict even if you do saw that your analysis is really good.

We can presume but we cant make out guarantees if it would work because the price could only be having 3 different path neither going up or down or going midways.
As a trader or investor then you should at least know the basics on how these thing works and able to realize whats reality and whats not.

And each coin or token has their own performance in the market. So if you are a holder of a coin, you should keep up yourself with the updates surrounding that coin. Because you can't say, that it will follow the btc trend because it is not. It is how the coin is being developed and promoted in the market, aside from the actual use case it is being advertised at.
Every project here is different so it is up to you to do your own research to learn about its possible route in the market.

stomachgrowls

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Quote from: magneto on July 19, 2021, 07:48:31 PM

No pattern.

Technical Analysis certainly doesn't work when there are more important macro trends in play that are simply not accounted for. There is a reason why TA is sometimes dubbed astrology for men.

People said that $40k was the bottom and won't be broken through - until it wasn't. They said that everything was pointing towards $32k being the ultimate resistance - until it wasn't. Looking for patterns in the charts is merely wishful thinking.

They should treat and act differently here on crypto rather than forcing itself to follow on what technical indicators been showing just like on typical forex market where patterns could possibly be known.

Its not something similar to forex and stocks where technicals do usually bite and cryptocurrency market is totally different into that manner.It doesnt really obey any technicals or even fundamentals
and that what makes it hard to predict even if you do saw that your analysis is really good.

We can presume but we cant make out guarantees if it would work because the price could only be having 3 different path neither going up or down or going midways.
As a trader or investor then you should at least know the basics on how these thing works and able to realize whats reality and whats not.

wxa7115

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Quote from: Fatunad on July 26, 2021, 05:06:08 PM

Quote from: wxa7115 on July 26, 2021, 01:36:58 PM

Quote from: djgtr on July 19, 2021, 02:20:05 AM

There is always a pattern but it is hard to predict on which pattern will going to launch is it the dump or the pump Sometimes we depend on our luck on choosing the coin to invest because crypto coin price is always unstable. And we don't know what will happen after we buy during dip we don't know if it will rise or continue to drop down. So for me it is more wise if we don't depend on the pattern news and updates or development of the coin that we are holding is more important than pattern.

I will disagree with you here, the whales make everything they can to cover their tracks, after all if there was some kind of discernible pattern to what they are doing then people will be able to anticipate their movements and they will be the ones that lose money instead.

So since those movements cannot be anticipated then it is important that people always trade with a stop loss because if you do not then you can be punished by the market, take a look at the pump that is happening right now, if a person was shorting the market with leverage and with no stop loss it is very likely that they have suffered a margin call or at least they are close to getting one.

Whales arent dumb and for sure they would really be doing themselves on not to be that obvious when it comes into their movements and i do agree on what you have said here.
Patterns are just normal to be formed but the question is that are they really that accurate on following it or for you to rely on.? ITs up for you to discover on but the answer
into this question is that there's no such thing do exist.We might able to form something but it wont really be that be giving out that 100% effectiveness.

It is true that patterns appear from time to time in all markets, one of the most obvious ones is the famous head and shoulder pattern, the issue is that those patterns only indicate a tendency of the market to do something, it is not a sure thing and yet many people trade those patterns as if there is a 100% possibility that their prediction is going to come true and when this doesn't happen they get mad and accuse the markets of being manipulated.

But even if that was the case it was their fault for believing that they can predict what the market can do all the time, something that not even the best investors around the world can do.

rahmatrf331

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Quote from: Fatunad on July 26, 2021, 05:06:08 PM

Quote from: wxa7115 on July 26, 2021, 01:36:58 PM

Quote from: djgtr on July 19, 2021, 02:20:05 AM

There is always a pattern but it is hard to predict on which pattern will going to launch is it the dump or the pump Sometimes we depend on our luck on choosing the coin to invest because crypto coin price is always unstable. And we don't know what will happen after we buy during dip we don't know if it will rise or continue to drop down. So for me it is more wise if we don't depend on the pattern news and updates or development of the coin that we are holding is more important than pattern.

I will disagree with you here, the whales make everything they can to cover their tracks, after all if there was some kind of discernible pattern to what they are doing then people will be able to anticipate their movements and they will be the ones that lose money instead.

So since those movements cannot be anticipated then it is important that people always trade with a stop loss because if you do not then you can be punished by the market, take a look at the pump that is happening right now, if a person was shorting the market with leverage and with no stop loss it is very likely that they have suffered a margin call or at least they are close to getting one.

Whales arent dumb and for sure they would really be doing themselves on not to be that obvious when it comes into their movements and i do agree on what you have said here.
Patterns are just normal to be formed but the question is that are they really that accurate on following it or for you to rely on.? ITs up for you to discover on but the answer
into this question is that there's no such thing do exist.We might able to form something but it wont really be that be giving out that 100% effectiveness.

Of course they have their own pattern when it will be pumped or when it will be dumped. they are not as easy to dispose of whales without following a certain pattern. before they dumped the whales, of course they had received the signal that the whales would decline to some level.

Fatunad

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Quote from: wxa7115 on July 26, 2021, 01:36:58 PM

Quote from: djgtr on July 19, 2021, 02:20:05 AM

There is always a pattern but it is hard to predict on which pattern will going to launch is it the dump or the pump Sometimes we depend on our luck on choosing the coin to invest because crypto coin price is always unstable. And we don't know what will happen after we buy during dip we don't know if it will rise or continue to drop down. So for me it is more wise if we don't depend on the pattern news and updates or development of the coin that we are holding is more important than pattern.

I will disagree with you here, the whales make everything they can to cover their tracks, after all if there was some kind of discernible pattern to what they are doing then people will be able to anticipate their movements and they will be the ones that lose money instead.

So since those movements cannot be anticipated then it is important that people always trade with a stop loss because if you do not then you can be punished by the market, take a look at the pump that is happening right now, if a person was shorting the market with leverage and with no stop loss it is very likely that they have suffered a margin call or at least they are close to getting one.

Whales arent dumb and for sure they would really be doing themselves on not to be that obvious when it comes into their movements and i do agree on what you have said here.
Patterns are just normal to be formed but the question is that are they really that accurate on following it or for you to rely on.? ITs up for you to discover on but the answer
into this question is that there's no such thing do exist.We might able to form something but it wont really be that be giving out that 100% effectiveness.

wxa7115

hero member

Activity: 2702

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Quote from: djgtr on July 19, 2021, 02:20:05 AM

There is always a pattern but it is hard to predict on which pattern will going to launch is it the dump or the pump Sometimes we depend on our luck on choosing the coin to invest because crypto coin price is always unstable. And we don't know what will happen after we buy during dip we don't know if it will rise or continue to drop down. So for me it is more wise if we don't depend on the pattern news and updates or development of the coin that we are holding is more important than pattern.

I will disagree with you here, the whales make everything they can to cover their tracks, after all if there was some kind of discernible pattern to what they are doing then people will be able to anticipate their movements and they will be the ones that lose money instead.

So since those movements cannot be anticipated then it is important that people always trade with a stop loss because if you do not then you can be punished by the market, take a look at the pump that is happening right now, if a person was shorting the market with leverage and with no stop loss it is very likely that they have suffered a margin call or at least they are close to getting one.

slaman29

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Quote from: magneto on July 19, 2021, 07:48:31 PM

No pattern.

Technical Analysis certainly doesn't work when there are more important macro trends in play that are simply not accounted for. There is a reason why TA is sometimes dubbed astrology for men.

People said that $40k was the bottom and won't be broken through - until it wasn't. They said that everything was pointing towards $32k being the ultimate resistance - until it wasn't. Looking for patterns in the charts is merely wishful thinking.

Lol that's a bit sexist, as I used to be in forex where almost half the traders and teachers (at least in the physical lessons) were women (AND if you see the new generation, astrology enthusiasts a lot of MEN too hehe).

Anyway. TA is always fun to see but people forget that most of these charts are preconceived. Meaning to say, like astrology, now that you mentioned it, people already have an idea of what they want to see in the stars. Then they find the dots to connect to give them the image they prefer.

STT

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Theres always a pattern, people refute TA and the idea of predicting price action because its never certainty and the human ego requires exact yes or no answers. We are built to fear the unknown, thats the whole reason BTC has sold off so badly each time in that its got no military no government not even a backer or programmer to say this is good, its just a crowd cheering it on with nobody at the helm.

You can see weakness always, whats not easy is to discern when is a trend broken in a certain way such that the weakness becomes the past and a new good bullish trend starts. Thats really hard, most of what I look for in terms of a pattern is consensus from Japan to europe and USA I need all those people to agree we are going to gain now and I should buy.

magneto

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No pattern.

Technical Analysis certainly doesn't work when there are more important macro trends in play that are simply not accounted for. There is a reason why TA is sometimes dubbed astrology for men.

People said that $40k was the bottom and won't be broken through - until it wasn't. They said that everything was pointing towards $32k being the ultimate resistance - until it wasn't. Looking for patterns in the charts is merely wishful thinking.

Kelvinid

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when lambo...

Quote from: zanezane on July 19, 2021, 07:02:33 AM

I don't know if there's one but I think you can just follow the pattern of bitcoin prices starting from 2009 up to this day, you will a generalized pattern there that you can probably analyze to see if it's going to be repeated because patterns tend to repeat.

Well, that sometimes it works as most of the altcoins are following in the same direction with Bitcoin but we can't just rely on it as the market behavior keeps changing almost every day.

For me, I don't look into that pattern because that will not exist. What we gonna do is to keep our mind aware of the market trend because that is the only way to know where we are now but this couldn't tell where it goes by tomorrow or in the following days.

Mahanton

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Quote from: peter0425 on July 19, 2021, 08:43:22 AM

Quote from: kayiboyu on July 17, 2021, 07:50:43 AM

It really happens most of the time actually. Like you said, now we've witnessed a big dump. But the decrease rate is going down every day. It'll stop decreasing at some point also. And after a time period, I believe that Bitcoin price will start rising very quickly and reach at least the latest ATH level.

decrease comes sometime and increase also goes on the way.

But what we don't wanna see is the continues fall and no recovery at all.

if market shows us below 25k ? then that would be the sign of Bearish market and the sign that the effect of the Halving is already done.

Above that previous ATH of 19k-20k then we can still definitely say that its still way up on that and people should be at least grateful that we do have corrections like these because
we can really have the chance on getting or buying cheaper coins and who knows on what comes next? Opportunities like this doesnt really come often but we do really do have that kind of hesitation
on doing such action which is understandable.Due to unpredictability then its really giving off that kind of vibe which is really a common thing and this is where
risk management do differ on each person and this is why we do see different takings or decisions in regards to this one.

peter0425

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Quote from: kayiboyu on July 17, 2021, 07:50:43 AM

It really happens most of the time actually. Like you said, now we've witnessed a big dump. But the decrease rate is going down every day. It'll stop decreasing at some point also. And after a time period, I believe that Bitcoin price will start rising very quickly and reach at least the latest ATH level.

decrease comes sometime and increase also goes on the way.

But what we don't wanna see is the continues fall and no recovery at all.

if market shows us below 25k ? then that would be the sign of Bearish market and the sign that the effect of the Halving is already done.

777Jolami

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Quote from: 9thsky on June 21, 2021, 10:24:49 AM

Prices dive, it's a straight decline, and then the decline slows down, and then it hovers around where it stops declining, and then suddenly it shoots up but not quite to where it declined from but rather at about %50 of the way, and then it suddenly declines to where it'd stopped declining, and then it hovers around there (+/- %1-5)...rinse, repeat.

Would you say the above is the usual "pattern", how would you change it?

Question: What's a good indication that the dump has stopped and it's at its lowest before prices start increasing? Any pattern in this regard?

At first glance and thinking, I realized it was like a cow farm.
- This means that there are market makers or a group of institutions that have had a major impact on the price level. Also, when analyzing a timeframe for the chart, make sure it doesn't have any fomo,... roughly similar to bitcoin's halving, polygon mainnet/web wallet upgrade for example...
- In addition, the accompanying symptoms from bitcoin also caused the price to conflict.

zanezane

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I don't know if there's one but I think you can just follow the pattern of bitcoin prices starting from 2009 up to this day, you will a generalized pattern there that you can probably analyze to see if it's going to be repeated because patterns tend to repeat.

Topic: Is there a pattern when there is a dump like this? (Read 559 times)