Is there a pattern when there is a dump like this? - page 2.

slaman29

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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.

There is NOT always a pattern, only the ones we choose to see and believe. Patterns are retrospective. We only build them once we trace out the lines, and often, we already know what we want to find, so we do the timeframes and the pointers that suit our preferred findings.

Anyway, looking at your history of posts, I'm sure you don't really know what you're talking about;)

djgtr

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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.

dunfida

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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.

Its always been and it turns out to be a casual thing to happen whenever there are declines then there would be next those recoveries after that and this is where
traders capability would really vary on how they would gonna make their analysis neither they would be focusing on getting some cheaper price entries
and that would be talking about their own skills.Patterns? Its always been like this where people do really love to attach the past into the present or
even into the future.

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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.

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Quote from: Clairvoyance on July 11, 2021, 09:52:02 AM

Quote from: adaseb on July 09, 2021, 12:47:40 AM

So the low will be when you least expect it . It won’t be $30K or even $20K. That would be too easy.

It is better to prepare a buying power for the new "low" when it comes around. I do believe with the current swings of price in relation to Dec 2017 and Q1 of 2021 that a new low around "$6k-13k". Though the current price has much been driven by the mining ban of China and support can be seen around $30k. It is hard to predict the pattern, it is better to prepare since we can't rely much on candles to tell the tale.

Right now bitcoin needs to maintain its price at the $30,000 level, because if the price level breaks of course it could result in a lower price decline like in 2018 and if the support or resistance level breaks, we need to immediately secure the existing assets because of the possibility the price will continue to move downwards and reach new price levels quickly in the future, now the $30,000 price is a strong price level wall for bitcoin to avoid further declines.
I think if that level breaks of course the bitcoin price will continue to fall and can even reach its lowest price level this year and of course the negative market conditions that continue to attack bitcoin can make things worse.

DOH!

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Quote from: STT on July 12, 2021, 06:58:44 PM

Breaking below support is a pattern easily recognisable and it appears to have confirmed that break with a test. We shall have to see if it confirms as significant or a further check and reversal is possible.

So its confirmed only really on 1hr bars , 4hr bars its looking like we need to check support/resistance here and daily its quite arbitrary still and I dont think we'll really be able to say for another 24hr if this pattern shows weakness. Unfortunately its an indication towards this negative scenario and prices moving towards 30k flat and so on but I'd also say the clearest trend or pattern with a range is we stay within its bounds till broken and go with a pattern repeating not breaking as most likely; ie. its a test.

Quote

The truth is that seeing patterns isnt bad but not precisely 100% to be that reliable so always make out some plan B's.

There are no definites but I think we get multiple confirmations to weakness, it cant be called a surprise at that point. Right now we've been going sideways so go with that repeating is I guess correct for now.

We are still in a bear market. The bears are mining well and taking action as sentiment is focused on Grayscale's GBTC unlocking process. Yes, they certainly want to make the market at a better level for the rollback, this chart has mostly candlestick confirmation, the best profession for bears is catching fish. It did. Lol

Quote from: adaseb on July 09, 2021, 12:47:40 AM

So the low will be when you least expect it . It won’t be $30K or even $20K. That would be too easy.

I realize this year's trend has changed so dramatically, as long as don't place stops too low below 24k, it doesn't look like there will be a slippage shock at this price. I expect max stop to be 26k$.

dunfida

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Quote from: crzy on July 12, 2021, 04:22:32 PM

Quote from: Clairvoyance on July 11, 2021, 09:52:02 AM

Quote from: adaseb on July 09, 2021, 12:47:40 AM

So the low will be when you least expect it . It won’t be $30K or even $20K. That would be too easy.

It is better to prepare a buying power for the new "low" when it comes around. I do believe with the current swings of price in relation to Dec 2017 and Q1 of 2021 that a new low around "$6k-13k". Though the current price has much been driven by the mining ban of China and support can be seen around $30k. It is hard to predict the pattern, it is better to prepare since we can't rely much on candles to tell the tale.

There’s a lot of pattern in the market and it’s really hard to tell on which pattern will happen next and that’s why it’s better if you just have to focus on your strategy and just buy if you see a cheaper one. Having a buying power always can help you get more holdings at a cheaper price, the price can go up and down for now because of the sideways trend but soon, it will rise again and we will continue the up trend.

You are right and if you are really that mindful about patterns then you would really be just stressing out yourself that much because you would really be finding lots.
Stick out on your casual analysis and dont look back on whatever the things that happened in the past.There might be similar situation but doesnt mean that it would happen again.

Market is always been unpredictable and if you are eager or minding that much about then it turns out to be stressful.Thing here is that you do know on when to get in
and when to get out on situations like this in the market.

wxa7115

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Quote from: adaseb on July 09, 2021, 12:47:40 AM

I’ve been in crypto since 2014 and pretty much lived thru 2 bear markets and let me tell you how you can spot the bottom? The bottom will be when you least expect it.

Many expected the bottom in 2018 to be $6K and they were dead wrong. The bottom was $3K when people were calling for $1K Bitcoin.

In 2015 it was even worst because the market had almost no activity back then. Hardly moved. Then one day Bitfinex breaks the $200 support goes to like $175 and that’s when people throw in the towel and it’s the lowest price I’ve ever seen.

So the low will be when you least expect it . It won’t be $30K or even $20K. That would be too easy.

While you are correct and in fact one of the signs of the bottom being in is an overall market sentiment of capitulation, then this means once you see a lot of people giving up on the market that is when the true bottom is close to being reached, this is why the current levels are dangerous, we could see a recovery but at the same time if the price goes down we could finally begin to see that sense of capitulation among retail investors.

And while this will be bad for the short term prospects of bitcoin that will be a golden opportunity to get bitcoin for cheap and prepare ourselves for the next time the bitcoin price decides to go up like crazy.

STT

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Breaking below support is a pattern easily recognisable and it appears to have confirmed that break with a test. We shall have to see if it confirms as significant or a further check and reversal is possible.

So its confirmed only really on 1hr bars , 4hr bars its looking like we need to check support/resistance here and daily its quite arbitrary still and I dont think we'll really be able to say for another 24hr if this pattern shows weakness. Unfortunately its an indication towards this negative scenario and prices moving towards 30k flat and so on but I'd also say the clearest trend or pattern with a range is we stay within its bounds till broken and go with a pattern repeating not breaking as most likely; ie. its a test.

Quote

The truth is that seeing patterns isnt bad but not precisely 100% to be that reliable so always make out some plan B's.

There are no definites but I think we get multiple confirmations to weakness, it cant be called a surprise at that point. Right now we've been going sideways so go with that repeating is I guess correct for now.

dunfida

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Quote from: crzy on July 12, 2021, 04:22:32 PM

Quote from: Clairvoyance on July 11, 2021, 09:52:02 AM

Quote from: adaseb on July 09, 2021, 12:47:40 AM

So the low will be when you least expect it . It won’t be $30K or even $20K. That would be too easy.

It is better to prepare a buying power for the new "low" when it comes around. I do believe with the current swings of price in relation to Dec 2017 and Q1 of 2021 that a new low around "$6k-13k". Though the current price has much been driven by the mining ban of China and support can be seen around $30k. It is hard to predict the pattern, it is better to prepare since we can't rely much on candles to tell the tale.

There’s a lot of pattern in the market and it’s really hard to tell on which pattern will happen next and that’s why it’s better if you just have to focus on your strategy and just buy if you see a cheaper one. Having a buying power always can help you get more holdings at a cheaper price, the price can go up and down for now because of the sideways trend but soon, it will rise again and we will continue the up trend.

There are lots and this is where it do makes more difficult to distinguished but the truth is that crypto market doesnt really rely or does have patterns which you can eventually take advantage of.

What matter most here is to make out profits no matter what it takes, dont anticipate of 100% assurance of profits if you do see something similar pattern because it could be possibly just a fake out

or a trap so better be aware but since you do engage with market that actively then you would really be having some good experience with it and able to know on what are the things you should do.

crzy

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Quote from: Clairvoyance on July 11, 2021, 09:52:02 AM

Quote from: adaseb on July 09, 2021, 12:47:40 AM

So the low will be when you least expect it . It won’t be $30K or even $20K. That would be too easy.

It is better to prepare a buying power for the new "low" when it comes around. I do believe with the current swings of price in relation to Dec 2017 and Q1 of 2021 that a new low around "$6k-13k". Though the current price has much been driven by the mining ban of China and support can be seen around $30k. It is hard to predict the pattern, it is better to prepare since we can't rely much on candles to tell the tale.

There’s a lot of pattern in the market and it’s really hard to tell on which pattern will happen next and that’s why it’s better if you just have to focus on your strategy and just buy if you see a cheaper one. Having a buying power always can help you get more holdings at a cheaper price, the price can go up and down for now because of the sideways trend but soon, it will rise again and we will continue the up trend.

Clairvoyance

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Quote from: adaseb on July 09, 2021, 12:47:40 AM

So the low will be when you least expect it . It won’t be $30K or even $20K. That would be too easy.

It is better to prepare a buying power for the new "low" when it comes around. I do believe with the current swings of price in relation to Dec 2017 and Q1 of 2021 that a new low around "$6k-13k". Though the current price has much been driven by the mining ban of China and support can be seen around $30k. It is hard to predict the pattern, it is better to prepare since we can't rely much on candles to tell the tale.

slaman29

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Quote from: Hamphser on July 10, 2021, 03:58:11 PM

Quote from: slaman29 on July 10, 2021, 02:10:33 PM

I actually love it the most when the majority of headlines and sentiment is negative. Really hate it when everything is good news and positive vibes;)

We do have that kind of impression on where we do hate up when everybody is really on hype where presumptions and speculations of prices becomes unrealistic because you do really definitely had that kind of feeling on where price would dip down soon and you cant really just avoid not to think that there would lots of people would be wrecked down.

Talking about patterns then it is something that cant really be known because this market could move out pure randomly and even you do hear out some news or events but that one wont really be guaranteeing
that it would really be moving on the way you do expect.

Its a matter or risk taking on where you do see some opportunities then its your choice if you do dive in or not.

I always thought the market was really random in crypto. When the news is pumping good stuff, it doesn't budge, unlike in stocks and forex, which I point out a lot in my early years (I did forex long ago, and the news really moves the markets as you can expect especially if the data comes out different from what analysts expect). But Bitcoin especially doesn't seem to care too much and is still really based on demand from global buyers (or sellers).

Which is why I always feel better when everyone is feeling nervous or negative, this means that the buyers are real and not speculating.

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Quote from: slaman29 on July 10, 2021, 02:10:33 PM

Quote from: Fredomago on July 09, 2021, 03:26:01 PM

Quote from: slaman29 on July 09, 2021, 08:42:22 AM

To think 30k is the bottom is definitely too easy, for 2021 maybe but we might visit it again next year or the one after!

Expect the unexpected, but some says buy when fear are everywhere, it's not that easy to expect and there's no real formula to calculate what market will bring you in the next following hours/days.

If there's an actual blueprint that even newcomers can follow money can easily flow around. But reality wise there's none.

or maybe only those big whales who can made statement and impacts who can recognized. Roll Eyes

I actually agree with that. Buy when everyone is afraid, and don't do anything when everyone's lips are saying good things only. The problem is now, it seems 50/50 on people who are positive and who are fearful.

I actually love it the most when the majority of headlines and sentiment is negative. Really hate it when everything is good news and positive vibes;)

We do have that kind of impression on where we do hate up when everybody is really on hype where presumptions and speculations of prices becomes unrealistic because you do really definitely had that kind of feeling on where price would dip down soon and you cant really just avoid not to think that there would lots of people would be wrecked down.

Talking about patterns then it is something that cant really be known because this market could move out pure randomly and even you do hear out some news or events but that one wont really be guaranteeing
that it would really be moving on the way you do expect.

Its a matter or risk taking on where you do see some opportunities then its your choice if you do dive in or not.

slaman29

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Quote from: Fredomago on July 09, 2021, 03:26:01 PM

Quote from: slaman29 on July 09, 2021, 08:42:22 AM

To think 30k is the bottom is definitely too easy, for 2021 maybe but we might visit it again next year or the one after!

Expect the unexpected, but some says buy when fear are everywhere, it's not that easy to expect and there's no real formula to calculate what market will bring you in the next following hours/days.

If there's an actual blueprint that even newcomers can follow money can easily flow around. But reality wise there's none.

or maybe only those big whales who can made statement and impacts who can recognized. Roll Eyes

I actually agree with that. Buy when everyone is afraid, and don't do anything when everyone's lips are saying good things only. The problem is now, it seems 50/50 on people who are positive and who are fearful.

I actually love it the most when the majority of headlines and sentiment is negative. Really hate it when everything is good news and positive vibes;)

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No one can see a pattern or a sign in the chart that can tell you that there will be a massive dump to happen. Because it always happened without knowing, unless if you use to read some news about crypto like everyday. because on that way you will be aware when there's a negative news as it's the always reason why sometimes there's massive decline in the market..

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Quote from: Fredomago on July 09, 2021, 03:26:01 PM

Expect the unexpected, but some says buy when fear are everywhere, it's not that easy to expect and there's no real formula to calculate what market will bring you in the next following hours/days.

If there's an actual blueprint that even newcomers can follow money can easily flow around. But reality wise there's none.

or maybe only those big whales who can made statement and impacts who can recognized. Roll Eyes

OP's question is very hard to answer as every case is different. And yes, there's no real formula here as the situation is very subjective and the factors involved are not the same. You just need to keep your eyes open and in time, you will see some trend. But no one can give you the exact recipe on this market. The pattern yesterday may not be true today.

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Quote from: slaman29 on July 09, 2021, 08:42:22 AM

Quote from: adaseb on July 09, 2021, 12:47:40 AM

I’ve been in crypto since 2014 and pretty much lived thru 2 bear markets and let me tell you how you can spot the bottom? The bottom will be when you least expect it.

Many expected the bottom in 2018 to be $6K and they were dead wrong. The bottom was $3K when people were calling for $1K Bitcoin.

In 2015 it was even worst because the market had almost no activity back then. Hardly moved. Then one day Bitfinex breaks the $200 support goes to like $175 and that’s when people throw in the towel and it’s the lowest price I’ve ever seen.

So the low will be when you least expect it . It won’t be $30K or even $20K. That would be too easy.

I kind of agree with you here. It's the same for both bottom and top. Would you ever expect a bottom to happen 6 months before a bull run? Cause that's what happened to Bitcoin last year, plus ETH almost too, and LTC and all the others had the same.

To think 30k is the bottom is definitely too easy, for 2021 maybe but we might visit it again next year or the one after!

Expect the unexpected, but some says buy when fear are everywhere, it's not that easy to expect and there's no real formula to calculate what market will bring you in the next following hours/days.

If there's an actual blueprint that even newcomers can follow money can easily flow around. But reality wise there's none.

or maybe only those big whales who can made statement and impacts who can recognized. Roll Eyes

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Quote from: barbara44 on July 03, 2021, 04:08:10 PM

The patterns are not clear because there are none. Those news are the only thing that moves bitcoin market forward, it could be higher or lower but they are the ones that does it. During the big bull run of this past year we had amazing news, from Elon Musk to paypal to Germany to many other things like big corporations going in, and after that when we went down from Elon Musk to Chinese ban to many other things that caused it to go down as well.

Long story short without those news there is no bitcoin movement, for a while there are no major news bad or good and the price got stuck, now you can check for patterns but only because there are no news, the moment we get a big news either good or bad that will decide on where the price will go. That is just how crypto works and as long as you get news and act accordingly you will make some profit.

That's the correct way to approach it because if you are looking for patterns and invest accordingly you may end up losing money from it as well if the patterns do not happen, it is really an important part of the deal and if you end up not getting what you are looking for you will end up losing a lot of money. I personally end up making as much money from constantly purchasing bitcoin as I can, that is the only pattern I know; up.

Aside from the fact that in the long run bitcoin always goes up idea, there is nothing more I need to know about crypto, it is not like a secret that if I buy bitcoin at this price that means I will profit in the future, maybe in a week or maybe in a year but I will profit and that is what I am looking for in crypto as well, I am not in a rush so buying more and more crypto and waiting will always benefit me and it has so far.

slaman29

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Quote from: adaseb on July 09, 2021, 12:47:40 AM

I’ve been in crypto since 2014 and pretty much lived thru 2 bear markets and let me tell you how you can spot the bottom? The bottom will be when you least expect it.

Many expected the bottom in 2018 to be $6K and they were dead wrong. The bottom was $3K when people were calling for $1K Bitcoin.

In 2015 it was even worst because the market had almost no activity back then. Hardly moved. Then one day Bitfinex breaks the $200 support goes to like $175 and that’s when people throw in the towel and it’s the lowest price I’ve ever seen.

So the low will be when you least expect it . It won’t be $30K or even $20K. That would be too easy.

I kind of agree with you here. It's the same for both bottom and top. Would you ever expect a bottom to happen 6 months before a bull run? Cause that's what happened to Bitcoin last year, plus ETH almost too, and LTC and all the others had the same.

To think 30k is the bottom is definitely too easy, for 2021 maybe but we might visit it again next year or the one after!

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