Topic: Is there a pattern when there is a dump like this? (Read 631 times)

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 .

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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;)

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.

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.

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.

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.

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
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$.

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.

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.

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.


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.

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.

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.

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.

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.

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 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;)

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..

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.

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. 

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.

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!

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.

We can see patterns but doesnt mean that it would definitely be repeating on the exact day or exact time but at least we can presume out that it could possibly happen.

We cant really make out patterns and analysis for ourselves and this would vary on someone on how they would act out and make out decisions on a particular situation.

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

This is what many people simply do not understand it is obvious there are patterns to the moves of most assets but it is not an exact science, the pattern can become shorter, longer, go higher or lower but the overall shape of the pattern will be similar.

However those differences are enough to make the strategy of those that are hoping for an exact repetition of the pattern to enter or exit the market at the wrong time and lose a lot of money because of it.

In my opinion also, you can't deduce clear patterns from here. So the question of the OP about knowing when the dump has stopped and it is already at the lowest and starts increasing again is a very subjective matter. One can only see the pattern once the time has passed. You can only predict what may happen but still the market is influenced by many factors. One can just be alert what's happening around him so you can act accordingly when the market starts to show a different trend.

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.

The pattern will always be there, but we can miss something important that will guide us to determine where the price will move. The news will still be news. Sometimes it can impact the market but vice versa. We have to be observant analyzing the market because sometimes, the pattern will not show clearly to make us analyze deeper to find the next clue.

But to know if the next minute will be dump is not easy because the sign is tough to analyze and the volume can become bigger or lower in any second.

Don't believe the TA garbage that anyone is spewing here.

The fact of the matter is that there are no reliable long term trends that repeat over and over again. If it exists, people will exploit it. And as soon as some people catch on and start exploiting opportunities, it quickly disappears just as fast as it came in the first place.

Just ask yourself, if there were to be a predetermined trend to these things, why hasn't someone become a billionaire levering up to trade it yet?

Just be in the ride for the long run. Time in the market beats timing the market 100% of the time.

Even in the past when there were only stocks and shares, the most brilliant minds and mathematicians have already been making studies about the movement of the market, creating formulas after formulas but only achieved success some time in reducing the risks but not eliminating those risks. And when they finally did so, the formula used became a huge hit and was applied by many traders into their ways, and after a moment, the inventors actually tied it themselves creating their own company that aimed to take advantage into trading in a worldwide scale amassing huge investments from all over the world that was reached by the news of their achievements. The company became a huge success and took had billions of profits and gave a lot of ROIs to their investors. But too bad though, since nothing can really last forever, a time came when an economy crash happened which was really unexpected and was never included in their calculations that has then led to billions of losses.

Now, looking at this industry that we are currently in, I can say that it is still very very young and obviously conventional ways of analyzing the movement of any coin won't work like magic. If a market like the stock and shares proved to be so hard to predict fully, what more the crypto currency industry that is not only too young but also very volatile and easily manipulated with just a few tweets from a very influential person.

Don't get me wrong, I am not entirely cancelling out the possibility of being able to predict the market movement, its just that I do not think that anyone can do it in a hundred percent risk free way. Instead, the achievable feat would be to make logically supported guesses that gives better chance of beating the market compared to having no technical analysis at all.

So to put it easily, we are only guessing where the market is heading and the only difference between yours and mine is the extent of knowledge that each of us have about this industry, candles and the current events(the ones related to and can affect this industry).

-Hope this helps clear things out.

When you are already here on this market for a while or several years already and seen those banning and revoking such decision then you can really have that impression that it is a bit familiar or bit manipulative.
which i cant really blame out someone on having that kind of impression because it do really look that way but honestly we cant really tell about those situation, it might look the same or repeating on the same process
or events but cant really be proven out that it is really intentional.No one can really determine if those things actually happening or just based up on observation.Asking out if there are patter on dumps
then if this one is possible on the first place then this market wont be actually to be called a real one.

Traders will agree with me, patterns are always there if you looking at a chart but you need to know that they will not always work in your favor because other factors are at play, for example news, government legislation,  market manipulation and many others.

If it were super easy to read patterns, these markets would have collapsed by now, so a little bit of manipulation here and there makes them liquid.

I do not believe that, patterns are something you make on hindsight and not something you can predict for the future which means that they are not always true. People look back and find patterns in the price but then when they want to apply it to the future they end up failing to make the same thing.

It means that we are not going around in patterns, we just find some in the past and that's it. Considering bitcoin is something very new (compared to all other financial stuff that has been around for hundred years at least) that means that we are just seeing the tip of the iceberg. Think about what bitcoin could be in 100 years, when that period is reached you will see that it is always different, we are not going to have those 3-4 year cycles and ups and downs close to each other. Even this period was a different increase compared to previous ones and a different fall following that.

I am afraid that there no right indicator that can show us if the dump has stopped.
We can only predict when the price has reached the bottom, but we will not know if that bottom price is the real bottom price.
The price could be down for more so there is no way for us to know the truth, but we can only prepare.
You can buy bitcoin when the price is down but you can buy a small amount to test if the price really reaches the bottom price.

If you check the historical data of all previous halving markets there's always a pattern that replicates the same pattern because the halving market has always been like this but it not every trend or the momentum the market switch into that you'll see or find an indication for and in this kind of situation you just have to follow your instincts with the addition of possible news that will impact the market price.

I haven't realized any pattern about price movements so far. The market is just unpredictable. It is open for every kind of surprises every time. So, we should be aware of that when we are going to invest into some coins. Otherwise, there could be some consequences of it.

It is very unfortunate to get nothing, there is no such trading design otherwise, we, therefore, thinking that trading is a centralized platform. Its good thing that it was not but on the negative side, it gives losses to all trader and have no exemption even though you are expert or not.
I don't think if we could see a change in the future to just simply give a better future for all traders and even to encourage people to go trading. But for now, it is a need for us to accept how could it work and it is our choice to do so.

There is always patterns, there is just not absolute certainty on pattern playing out as expected.   I see trends and momentum on the graphs for BTC like train tracks but its just a set of junctions and direction remains unclear with multiple possibilities.  It does help to keep a map of all the directions even if a path is left unused this time; trends may last weeks or months and be very profitable to follow, usually patience is key and its best to doubt first then follow when the trend sticks.

I hope there is because we will provably became rich if we know some people who can read the pattern of bitcoin movement. But if you like to learn more things about trading better read trading books and grab for further informations about the possiblw scenarios what you can possibly face on real time trading.

You can try to look with technicals and you could really get some idea but those arent 100% accurate for it to happen considering that this market could easily fucked up technical analysis without any reason or something happened in the market exempting if there are sudden news or what.

Dont stress out yourself about patterns about possible bottoms or peak prices because it cant really be determined by any indicators that currently existing on the market.All would be remaining as speculations and presumptions and it isnt really bad to consider on making use of it so its a matter of risk when you do follow it or not.

Market is way too unpredictable and basing off with some observation and real experience then technicals doesnt actually work most of the time.You should bare that up in mind.

I don't think that there is a pattern about this dump. The market is just doing whatever it wants as long as there isn't any external factors. I've seen many analysis models so far. If you don't have luck also, there is no way that you are predicting it correctly. 

We as humans tend to look for patterns in everything. Its how our brains work, even when there isn't a pattern there, our brain will recognize certain events as a pattern no matter how loose it may be. I believe we do this for memory management, so we can recall it later, but I'd have to recheck the psychology behind it.

What I'm trying to say though, just because this might look like a pattern or something that has happened before, doesn't actually mean the same outcome will indeed happen again. The world is pretty random ish, and we as humans try to reduce that by identifying patterns. However, really the world is still pretty random.

Bitcoin is influenced by whats happening in the world, and how far we are along Bitcoin's lifespan. So, its impossible to have the exact same turn of events, and have the market react the exactly the same way. Its almost impossible to predict what tomorrow might bring too, we have indications, but there's too much stuff happening in the background that your simply not aware of to actually be able to predict things accurately.

Generally, the way Bitcoin is designed, and the idea of the evolution behind it. We should see it increase in price, however that's assuming that we haven't already hit our all time high. I don't believe we have, but many people would likely argue that we have. So, while Bitcoin by design should actually increase with time in terms of value, and adoption it's most certainty not guaranteed.

Patterns may help you to analyze and anticipate but like what you have said, there's no certainty that it will
happen again or it will follow the same directions, there are lots of investors who lose money following this analysis blindly,

you need to work it out and be willing to adjust, either you do have sets of back up plans if you failed with your first attempts
or you have system that you use monitoring all the potential next movements,

Very important to set your target and deal with good adjustments if in case things didn't materialize accordingly.

This is what those that follow patterns do not seem to understand, no asset follows patterns perfectly, now if you take a look at the past some patterns may seem to emerge from time to time but this does not mean that the next time there is an important movement in the price we will follow those patterns.

This is why people lose money, they buy or sell thinking the price will go up or down at a particular time based on those patterns and bitcoin instead does nothing or even does the opposite, this means that even if the overall shape of the pattern did in fact appeared in the market it is not going to be the same and you will be unable to obtain profits by following those patters that you observed during the time you observed the market.

I think that a pattern to follow at the moment is difficult to predict, however at the level of chartism certain things are likely to be repeated, but in a pandemic, in a world where the cure for covid -19 has not yet been achieved, the BTC is showing signs of imminent recovery, however some still have certain uncertainties in the market, these patterns have been repeated?


Source: https://ambcrypto.com/if-these-players-play-their-cards-right-bitcoin-may-re-establish-bullish-leg/

If I start from this fundamental principle, many figures that are achieved in the BTC may be known to many, but the fundamental analysis depends a lot on whether a pattern will repeat or not.

A market whether stock, crypto and forex do trend however there is no definite pattern of the price action that can signal the end of a trend ie dump or pump even the so-called indicators  can only predict a likely overbought or oversold zones whereas the price might pause for a while however the price might continue to dump after a minor retracement, the best bet for a trader is to join the  trend when the price is dumping for a short trade and long  when the market is bullish or trending upward and take profit before the end of the trending market.

There are no patterns but it looks me that the market's behaving like in the past cycles. China Fud's gonna end very soon now that the mining farms are being dismantled. What a crazy move by the Chinese government! Losing access on the most important asset of our lifetime.
They'll regret it so bad.

I think dumps like this have destroyed the patterns and chart predictions in the market , the price decline that is happening now shows many factors that affect the price of bitcoin, not only in terms of supply and demand in the market but negative sentiment that continues to also trigger a decline the price of bitcoin is this bad and I think the recent actions of the chinese government are one of the causes that make the price of bitcoin continue to fall and that certainly makes a lot of whales panic so they sell their bitcoins and this further exacerbates the price of bitcoin.
Then is this the end of bitcoin?
I do not think so..!
Because on the one hand it is possible that the price of bitcoin will rise again due to considering bitcoin's strong and solid fundamentals and its limited number.

You could use the chart but it doesn't guarantee anything,
It is pure base speculation nothing more the price moves depending on the demands (Investor/People) and we couldn't know how would they react,
Sometimes a FUD could be the trigger of the dump but it is hard to know if it would really affect the price.

Look, there is virtually no way of ascertaining when the bottom is.

People will try to claim that TA is the way to go, but from my 8 odd years in crypto, I have never seen a sustainable TA strategy. Even backtested strategies break down sooner or later, and if you risk too much at once you can get seriously burned.

We don't know where the bottom is, but what we do know that it is close and we're likely below the long term trendline. That should be enough knowledge to prompt you to start accumulating coins through dollar cost averaging and hold for the long run, as opposed to trying to time your buys perfectly.

In my experience I don't think it is possible to have any kind of pattern that we could use to predict when the dump is going to happen, when it will end and when it will reverse. For example take yesterday's surprising dump, it was unnatural and everywhere I looked it was filled with either FUD or people "predicting" $20k and lower! Meanwhile we only saw $29k for about an hour and today price is almost $35k which is $6k higher!

The only thing we can analyze is the aftermath, by looking at the huge level of FUD and dumping at the same time and the fact that $30k resistance actually held up pretty nicely we can say that it is officially a very strong bottom which is also explaining the rise we are seeing today as price bounces back up.

This also may have been the last arrow in whale accumulator's quiver to buy the cheapest bitcoin possible before price reaches $75k possibly in the next couple of weeks.

Agree, despite all the patterns being presented by different people, we still don't have the definite answer for that because the market as it should be, unpredictable and difficult to manipulate.

There are patterns everywhere but you need to remember history to recognize it. When bitcoin into bullish, there were positive news on positive news and when bitcoin entered into bearish same happened even with negative news; I mean not just in price levels but on events and percentage of market movement and downfall, there will be always some patterns and this is why I still strongly believe that $100k before end of this year possible.

These are least important things as these are just part of every market hence we can simply ignore them. I am looking for just one positive trigger which will restore faith among investors; unfortunately El Salvador's adoption failed to do so but anything another one similar to that will do the magic for sure.

Hard to say, but based on what I have been observing since I joined the market, there is no pattern. But the market reacts to every news so that's the first thing that you can look at. But the first thing I do is check on crypto related websites and see if there is any that could have affected the market.

If none, then obviously, maybe speculators are cashing out and taking profits and then it will be followed by weak hands selling because they panic when seeing their portfolio going down.

I spoke to a very interesting DeFi dev as part of an interview article series I run on my blog Crypto Fireside that said she/he thought that there would be a 90% reduction in value this year or shortly after...who knows.

Heres a fairly clear pattern but its just trading below the 2 day average.



To a wider extent, this area is resistance just because the amount of prior action here previously.  Its easy to draw a level across on this area, this is only 1hr bars so its really short term action but enough people got scared by the sell off to 29k that they remain sellers at 33k.   The best perspective is gained by examining multiple charts across time frames larger then this, 4hr and daily is an ideal start to see better where we can move.

Now the price had started to increase again.So hold till the price reach the old value.Then sell the bitcoin at good price.Don't blame the bitcoin by saying the dump.When the price pump at the good value.It's good enough to sell at good price.This dump also make many people rich.You should inverse at low to get profit.

You can see some patterns but doesnt mean that those things that we had seen in the past would definitely happen up in the future and this is what makes the situation even more harder for us to make out predictions and the market had always been like this.There's no way that you can determine for possible dumps that might happen ahead because if theres someone who can able to secure himself before the dump then he's already rich but we know its an impossible stuff. We are all speculators on here so better to take some action before its too late.

I understand that whenever a big dump happens people are very upset about what is going on but that doesn't mean that we should be focusing on just the drop and miss out on the future prospects. I like that people are smarter about crypto now, realize how to use stop loss, use their profits they made earlier with higher prices to endure this process and end up even buying at lower end, so "just wait, it will go up" is no longer a smart advice to many people because they all know that it will go up, they all know it is a great price to buy at here and even lower, they just want to get out higher and want to buy lower, which is understandable and if you used stop loss, it is easy too!

However to all the people who missed out on that, do not be worried because at the end of the day we are talking about something that is not unique, it always goes down and it always ends up breaking its own ATH eventually one day, it will do that again, waiting is not a bad option.

If you are looking for a sign on when the price will dump there is no clear sign about it. Everyone can only post thier speculation but it does not mean that the speculation will come true we are all free to predict on what we believe but still there is no assurance that it will come true, crypto is a very unpredictable even expert cannot predict on it so just decide by your self and just continue learning crypto for good.

You will have to use your best judgment, I know this does not seem to be the answer you are looking for but it is, because of this traders specialize themselves in just a few markets, trading every single market exactly the same could seem to make sense but markets present different characteristics depending on the underlying assets.

The volatility of bitcoin is huge compared to most markets which makes it even more difficult to predict what will happen next, however taking into account the price crashed more than 50% from the ATH then this is a decent spot to enter the market, as even if the market went down  a little bit more I do not see it going down that much as it seems we have reached the limits of the downward movement.

Theres always buyers at various levels, the trick is to identify consensus in a certain level.   Take the simplest idea which is a round number, all the zeros in the dollar price.   Its easy to enter and many orders can exist at these levels however its mostly a short term phenomena but traders always want to register a gain both ways.
  The other way to look at why does a price dive then move up is the short selling creates buying, quite ironic in that BTC sold which was borrowed must be bought back so it creates a natural buy at the bottom prices.   Right now the price action has broken a range of prices held also in Jan however we meet the 50 week average which has some significance also, what I believe happens next is we must challenge and confirm the range break of so many weeks.   That attempt to move upwards and challenge easily registers as positive action in the near term focus.

Prices never move in a straight line, we have many time frames operating back and forth none of which have absolute control.

This is not nonsense, but it is a fact of how trading is done. If people knew when the dump happened, then maybe they wouldn't decide to hold all their bitcoin but take profit before the dump happen. This also happen when the price is going to rise so that both are difficult to get an indication. Strong fundamental will usually make people buy more because the price may go up, while negative news can also increase the the number of bitcoin being sold.

The pattern here is "lower highs and  lower lows", which means there's a bear market. After each decline, the price failed to return to the previous tops or surpass them, which means that bulls have lost momentum. Just like the price doesn't smoothly go up in bull run, it doesn't smoothly go down in a bear market, so this is really a very basic pattern.

To be honest, it is difficult to identify when we will dump.
Some are basing on fundamental analysis like there is new negative news about Bitcoin or FUD, or some big personality having statements about Bitcoin.
And the huge possibility is the whales in the market, where they are capable to make the price of Bitcoin move in a huge percentage.
Another thing too is a technical analysis using different tools, like analyzing the volume, momentum indicator, open interests, etc.

There is no clear indication. Often it is a bear or bull trap. Moreover, from technical analysis, there are hardly any indicators that work well in crypto and show an end of a dump. One should pay much more attention to the news. Currently, dumping is taking place as China continues to get serious with its crackdown on cryptocurrencies. That is the main reason. Crypto is extremely news-driven, so this should be one's first point of reference to determine if a dump can still continue or has reached its end.

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?

Last time there was a dump (when Elon announced that Tesla would no longer accept btc), the decline stopped for a while, at around 53k. But then, for no apparent reason, it dived again, drastically, where it has  since remained (until recently with this China bank news).

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?