Topic: Sell in bottom, buy on the top ^^ (Read 343 times)
Yes that not easy to determine support and resistance area in this market crash, since May to last month all altcoin dumped hard and break the support level. So the idea to avoid big loss from this unpredictable price of crypto is use stop loss and diversify risk to others kind of asset.
I could never appreciate enough the time came down to whether coin enough, or to wait? this always creates a FOMO
the trading law is bought under and sell at the time above, it is a trade law that can not be replaced.
As someone who had been trading with different coins for years now, all I can say is there's no definite way of telling the bottom, but it's wise to not buy immediately after a new ATH has been popped since it still has a tendency to go downhill. Wait for the second wave of crashes before choosing whether to buy or not to buy. If the price stagnates for more than a week, that tells you that no further shakeouts or pushes will happen immediately, and gives you a decent window of turning a profit by stockpiling the coins. Usually after a high has crashed, the market is shaky, and getting 5-10% in profit is already something to be thankful at. One thing is to not be greedy when this time comes, and bail out immediately if you already got 20-30% profit. Buy low and sell high is still the principle, but waiting for the price to be higher when you already have more than enough profit is risky and outright dumb.
Great pointers to review here specially for those users that has been frustrated to find strategy aside from the normal that had always mentioned in many threads
Actualy myself will try to check and study this.since i have been out from trading since the dip happened this year,but now im planning to comeback and luckily have seen this one,I'll sure to give you feeds whenever I applied this one,
Thanks for this
Actualy myself will try to check and study this.since i have been out from trading since the dip happened this year,but now im planning to comeback and luckily have seen this one,I'll sure to give you feeds whenever I applied this one,
Thanks for this
That is a must principle of profitable trading, buy in higher price and sell in the lower price so the different will be a profit otherwise it is a loss. The problem is how to know the price is already in bottom since if the trend is down and always decreasing, there will be another bottom from our guessed "bottom ".
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make sure you are watching the full chart and at least 6 months trade history for this specific Coin.. probably
This is the one and only useful tip from your entire post.All the other info is kinda generic,there are 100 threads here discussing the same stuff.
If you have any trading experience,please share it with us.There is one funny thing about this sub-forum.
People, who don`t even trade cryptos post tutorials and tips about cryptocurrency or forex trading.
I hope that you are not one of those people,OP.
great,when we start trade,everything think we have to buy at low price and sell at hight price and take profit,it is very easy but when we trading days,we always buy at hight and sell at low price,why? because we don't have knowdeage,we don't have information,we don't sensitive with market,trading days very very dificult so i change my method,now i only invest longtime,buy goods coin and hold
That is the wrong decision, if buy high prices and sell at low prices is a big mistake. Many people saw the market rebound and decided to buy in, they did not choose to buy at the time the market fell.
We don't know if the $5800 or so was the actual bottom until we wait a few more weeks/months.
However in general when the sentlement got bearish with everybody, it usually means the reversal might take place.
I've been frequenting Bitcointalk forums, Reddit , Twitter, Bitmex Trollbox and in the last 2 months, there are crazy amount of people that became huge perma bears. These people all wanted to see bitcoin go to $1000 and they were all short.
In the last few hours there was basically $100's of millions of dollars of liqudiations to prove it.
Also a few people I know locally, they all called me to tell me they got out of bitcoin because its a scam and they sold at $6000 earlier. A few other people asked me how to open a Bitmex or Bitfinex account to short bitcoin because they want to win back their losses.
Hence as you can tell the sentlement was pretty bearish for everybody.
However in general when the sentlement got bearish with everybody, it usually means the reversal might take place.
I've been frequenting Bitcointalk forums, Reddit , Twitter, Bitmex Trollbox and in the last 2 months, there are crazy amount of people that became huge perma bears. These people all wanted to see bitcoin go to $1000 and they were all short.
In the last few hours there was basically $100's of millions of dollars of liqudiations to prove it.
Also a few people I know locally, they all called me to tell me they got out of bitcoin because its a scam and they sold at $6000 earlier. A few other people asked me how to open a Bitmex or Bitfinex account to short bitcoin because they want to win back their losses.
Hence as you can tell the sentlement was pretty bearish for everybody.
Truth.
People right now are calling this small run up the BULL MARKET COMING BACK. But these same people didn't comment at all when we crashed from 20k down to 6, or from 10k back to 6 or anything down from what I just said. People are going to confirm their own bias by saying that they've called the top or the bottom.
The truth of the matter is is that NO ONE KNOWS WHAT THE MARKET IS FUCKING DOING. And you're just going to have to watch and see what the market does to you.
But I will admit, I've bought on the top and sold at the bottom too many times.
My strategy is buy on the bottom and sell when you get expected profit otherwise you can't predict the top, though the bottom but profit is profit.
So what you're saying is that you can call bottoms and tops? Wow. I wish I was you /s
Quote
make sure you are watching the full chart and at least 6 months trade history for this specific Coin.. probably
This is the one and only useful tip from your entire post.
sometimes you have to watch the whole chart, sometimes only a small part of it if you want to focus on what is happening at that moment. for example the hourly charts or even with more accuracy at 10 minutes can show you pumps and the build up some of the altcoins have before getting pumped which you can't get without zooming in...
People, who don`t even trade cryptos post tutorials and tips about cryptocurrency or forex trading.
it is not such a terrible thing to share the experience that you have gained from trading with others, even if it is so little.
yes i had mentioned the whole chart in some cases are moving down just to know.. where it start from in the past? if it will break down the dip that occured from last month/month Or not...So if it will break that point perhaps will continue dumping.. So will be a good exiting point to buy it cheaper.. tho, additional to that if there's traders haven't yet sold their bag from the last month/week ..
i'd rather to check everything in the graph Monthly/weekly/daily are actually important in guesswork before take a decision .
So you mean to say that when the market is bottom out that time to be sold and when their is trading then buy it. My theory is simple i just watch the market and when i feel that it has bottomed out that time i buy and according to it on 5% i bet my sell in market and 90% of time i got profit. As their is always 10% fluctuation in market daily.
This is a pretty good way of doing business and it works great in times when the market is growing; otherwise, if the market trend is down, you need to put stoploss or DCA in order to preserve your capital. The market is recovering well so this is a good time for traders to make a profit. We don't know if the $5800 or so was the actual bottom until we wait a few more weeks/months.
However in general when the sentlement got bearish with everybody, it usually means the reversal might take place.
I've been frequenting Bitcointalk forums, Reddit , Twitter, Bitmex Trollbox and in the last 2 months, there are crazy amount of people that became huge perma bears. These people all wanted to see bitcoin go to $1000 and they were all short.
In the last few hours there was basically $100's of millions of dollars of liqudiations to prove it.
Also a few people I know locally, they all called me to tell me they got out of bitcoin because its a scam and they sold at $6000 earlier. A few other people asked me how to open a Bitmex or Bitfinex account to short bitcoin because they want to win back their losses.
Hence as you can tell the sentlement was pretty bearish for everybody.
all people i know said the same... most articles i read was talking about 4500~4200$$ < fud was everywhere in the market >However in general when the sentlement got bearish with everybody, it usually means the reversal might take place.
I've been frequenting Bitcointalk forums, Reddit , Twitter, Bitmex Trollbox and in the last 2 months, there are crazy amount of people that became huge perma bears. These people all wanted to see bitcoin go to $1000 and they were all short.
In the last few hours there was basically $100's of millions of dollars of liqudiations to prove it.
Also a few people I know locally, they all called me to tell me they got out of bitcoin because its a scam and they sold at $6000 earlier. A few other people asked me how to open a Bitmex or Bitfinex account to short bitcoin because they want to win back their losses.
Hence as you can tell the sentlement was pretty bearish for everybody.
rarely to see someone tell you To HODL .... So yeah i'm too was thinking to sell my BTCS at 6200$ and rebuy it cheaper
atleast below 5k .. 1000$ the difference ^^
the question is when BTC will dump to 4500 Or whatever... all ppl will buy from the same point in the bottom ?
Or BTC will surprise them as we used
.... indeed)) no one can predict where BTC will go next time
We don't know if the $5800 or so was the actual bottom until we wait a few more weeks/months.
However in general when the sentlement got bearish with everybody, it usually means the reversal might take place.
I've been frequenting Bitcointalk forums, Reddit , Twitter, Bitmex Trollbox and in the last 2 months, there are crazy amount of people that became huge perma bears. These people all wanted to see bitcoin go to $1000 and they were all short.
In the last few hours there was basically $100's of millions of dollars of liqudiations to prove it.
Also a few people I know locally, they all called me to tell me they got out of bitcoin because its a scam and they sold at $6000 earlier. A few other people asked me how to open a Bitmex or Bitfinex account to short bitcoin because they want to win back their losses.
Hence as you can tell the sentlement was pretty bearish for everybody.
However in general when the sentlement got bearish with everybody, it usually means the reversal might take place.
I've been frequenting Bitcointalk forums, Reddit , Twitter, Bitmex Trollbox and in the last 2 months, there are crazy amount of people that became huge perma bears. These people all wanted to see bitcoin go to $1000 and they were all short.
In the last few hours there was basically $100's of millions of dollars of liqudiations to prove it.
Also a few people I know locally, they all called me to tell me they got out of bitcoin because its a scam and they sold at $6000 earlier. A few other people asked me how to open a Bitmex or Bitfinex account to short bitcoin because they want to win back their losses.
Hence as you can tell the sentlement was pretty bearish for everybody.
My strategy is buy on the bottom and sell when you get expected profit otherwise you can't predict the top, though the bottom but profit is profit.
good point to predict the top after you buy, - shouldn't be greedy and place so far way sell order... maybe it will not hit this point- there's would be some dips while it rising you may take this advantage sell and rebuy again
My strategy is buy on the bottom and sell when you get expected profit otherwise you can't predict the top, though the bottom but profit is profit.
So you mean to say that when the market is bottom out that time to be sold and when their is trading then buy it. My theory is simple i just watch the market and when i feel that it has bottomed out that time i buy and according to it on 5% i bet my sell in market and 90% of time i got profit. As their is always 10% fluctuation in market daily.
Quote
make sure you are watching the full chart and at least 6 months trade history for this specific Coin.. probably
This is the one and only useful tip from your entire post.
sometimes you have to watch the whole chart, sometimes only a small part of it if you want to focus on what is happening at that moment. for example the hourly charts or even with more accuracy at 10 minutes can show you pumps and the build up some of the altcoins have before getting pumped which you can't get without zooming in...
People, who don`t even trade cryptos post tutorials and tips about cryptocurrency or forex trading.
it is not such a terrible thing to share the experience that you have gained from trading with others, even if it is so little.
Quote
make sure you are watching the full chart and at least 6 months trade history for this specific Coin.. probably
This is the one and only useful tip from your entire post.All the other info is kinda generic,there are 100 threads here discussing the same stuff.
If you have any trading experience,please share it with us.There is one funny thing about this sub-forum.
People, who don`t even trade cryptos post tutorials and tips about cryptocurrency or forex trading.
I hope that you are not one of those people,OP.
i hope it's helpful to some ppl hear that points for a first time.. i will try to improve the post.. wrote it from my head...
kindly if you have any tips share it with us ..
Quote
make sure you are watching the full chart and at least 6 months trade history for this specific Coin.. probably
This is the one and only useful tip from your entire post.All the other info is kinda generic,there are 100 threads here discussing the same stuff.
If you have any trading experience,please share it with us.There is one funny thing about this sub-forum.
People, who don`t even trade cryptos post tutorials and tips about cryptocurrency or forex trading.
I hope that you are not one of those people,OP.
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