Super Effective Way to Help You Follow the Trend of Bitcoin

zeze18

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Quote from: mindrust on November 22, 2019, 01:27:46 PM

This chart is basically telling you to "hodl". I watched the video and couldn't see anything special or something to widen up your imagination. It is mostly flashing green even when its going down... that's the holder's way... holding whether its going up or down...

It's showed us how the holder of bitcoins work, that's not wrong and it's not easy to do but it looks like easy for just holding a coin. But in reality holding bitcoin for a long time without worry about the price dropped is hard, we will panic when we see our investment portofolio dropped too deep and decide to cut loss, but if we hold it longer we could not get loss or even make more profits

beerlover

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Quote from: gogoi on November 14, 2019, 02:36:11 PM

I really hope this strategy is something that could really be instrumental in your Bitcoin trading, it really defines the trend in an easy to follow and effective way helping you follow the trend of bitcoin with seemingly ease.

I'm not having any confusion to predict the bitcoin's trend because in long term it is always in upward direction. Only for the short term traders, I believe these kinds of strategies are required because they only need to catch up the exact turning points of bitcoin tends. All the above, I am also making use of trend but in long term. For example I have sold one bitcoin around $16k levels by the times of 2017 November and then bought around 3 bitcoins for the prices around $5k levels by the times of earlier of this year. This could elaborate anyone how to make use of trend in long-term.

Quote from: GreatArkansas on November 14, 2019, 05:48:35 PM

I will never trade first. The trend is really unpredictable now, lot of flash dumps or flash pumps nowadays, saw those huge didl candles? That will going to rekt you.

All these confusion are applicable only for short-term traders who may be having whatever strategy like trend riding or support resistance based trading. When you switch over to long-term trading, it will be much easier and you never need to get confused by any wrong signal.

Baby Dragon

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Quote from: davinchi on November 22, 2019, 01:12:43 PM

The funny thing about people is that they are always expecting the price of Bitcoin to keep on increasing at all times.
Most of the people that joins crypto community just did because they are here to make quick money but it doesn't work that way.

These people can't have patience, they expect the price of Bitcoin to keep growing like every single minute and they will be making lots of money and getting rich overnight, and when things don't work out like they thought, they will start to say that Bitcoin or dead or they start to call it a scam. The truth is that things are not going to work that way, if you can't have the patience, then you just gotta find your way.

It's because people have different levels of perception, some of them thinks that it is easy to trade when definitely not. Patience is indeed one of the virtue that you always need to remind yourself in order to be successful because you can't always expect that good opportunities will just come right on time. It is really sad when they are keep on blaming bitcoin because of their stupid actions and decisions, why don't they try to think for the possible result of it before doing it right? Bitcoins price is unpredictable and trading isn't easy, it takes some time and effort to earn profit. If you are determine to be successful in trading then prepare yourself to be patient and keep on learning things, learn from your experiences and apply what you have learn.

mindrust

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This chart is basically telling you to "hodl". I watched the video and couldn't see anything special or something to widen up your imagination. It is mostly flashing green even when its going down... that's the holder's way... holding whether its going up or down...

davinchi

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The funny thing about people is that they are always expecting the price of Bitcoin to keep on increasing at all times.
Most of the people that joins crypto community just did because they are here to make quick money but it doesn't work that way.

These people can't have patience, they expect the price of Bitcoin to keep growing like every single minute and they will be making lots of money and getting rich overnight, and when things don't work out like they thought, they will start to say that Bitcoin or dead or they start to call it a scam. The truth is that things are not going to work that way, if you can't have the patience, then you just gotta find your way.

Cherylstar86

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Quote from: acdc on November 22, 2019, 12:03:45 AM

Anything can happen in the cryptocurrency market, so the trend of Bitcoin is very difficult to predict. People should not rely too much on market trend prediction channels, most of which are often inaccurate and only for reference. If you want to invest the best, make your own predictions. In case you are not sure of your best guess, you should not invest or only invest a small part of your total capital.

No one in crypto currency community will able to predict the value of bitcoin. The market is just a trend or the demand of many users here in digital world but somehow each of us must aware the possibility of each coin due to it's volatility. I still believe nowadays is the best way to invest since the market is not as expensive as before. Soon in the future, crypto currency will be demand again and support by many here in digital world.

acdc

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Anything can happen in the cryptocurrency market, so the trend of Bitcoin is very difficult to predict. People should not rely too much on market trend prediction channels, most of which are often inaccurate and only for reference. If you want to invest the best, make your own predictions. In case you are not sure of your best guess, you should not invest or only invest a small part of your total capital.

Twinkledoe

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Quote from: BitcoinsGreat on November 20, 2019, 12:33:47 PM

Quote from: GreatArkansas on November 14, 2019, 05:48:35 PM

Quote from: gogoi on November 14, 2019, 02:36:11 PM

Bitcoin tends to trend both up and down for really long period of times. It is a trending asset because it is a new asset full of price discovery.

If I am going to ask about the trend of Bitcoin now;
I will never trade first. The trend is really unpredictable now, lot of flash dumps or flash pumps nowadays, saw those huge didl candles? That will going to rekt you.
Yes, you have some points; this could be probably because of upcoming block halving of Bitcoin, etc.

There are many trends indicators but none of them seems to be the perfect one. Most of the time bitcoin move opposite to the trend, so if you want to understand the trends you will need to study the bitcoins charts and history in depth.

The trend does not really perfectly follow known indicators. They deviate a lil bit here and there. But yes, learning its foundation and the events leading to where we are now will give you more in depth understanding about the bitcoin market.

Apened

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There's a lot of indicators in the chart right now and i also tried this one first because it is free thank you. I also like trend and momentum indicators and this is a different one because i often use EMA or MA to detect know the trend with the latest price action on daily and weekly candlestick.
I believe that once you know the trend you can trade and make a good profit if you have some good trading plans.

Hypnosis00

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Quote from: gogoi on November 21, 2019, 04:24:23 PM

Quote from: gogoi on November 14, 2019, 02:36:11 PM

snipped...

UPDATE:

Lots of fear and fatigue in the markets with sentiment fairly negative. People capitulating.

The truth is there is lots of fear in the market right now but if you take a step back you get a much clearer picture. In this video I am going on the record to give my Bitcoin price prediction.

I also give you an absolute edge in the markets and take all of the emotions out of trading Bitcoin.

https://youtu.be/BOsqXm1YFcE

Definitely, there's a lot out there. I don't think the current bitcoin trend so surprising, in fact, we are often times to experience like this but somehow it makes some people think bad about this fall. I may understand how they feel like that cause I've been experiencing this before( especially for newcomers) but conquering this fear is a big thing that could help just like what I did today. And I hope they could manage themselves.

gogoi

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Quote from: gogoi on November 14, 2019, 02:36:11 PM

Bitcoin tends to trend both up and down for really long period of times. It is a trending asset because it is a new asset full of price discovery.

I these trends are largely due to the market cycles of Bitcoin of having the halvening of the miners awards rewards every four years. This is causes periods of both bull markets and adoption and then bear markets in Bitcoin.

This bitcoin trend following method for beginners and experienced traders alike will increase your bitcoin holdings accumulating more and more bitcoin as time goes by.

I really hope this strategy is something that could really be instrumental in your Bitcoin trading, it really defines the trend in an easy to follow and effective way helping you follow the trend of bitcoin with seemingly ease.

https://www.youtube.com/watch?v=97WiexBCz9w

UPDATE:

Lots of fear and fatigue in the markets with sentiment fairly negative. People capitulating.

The truth is there is lots of fear in the market right now but if you take a step back you get a much clearer picture. In this video I am going on the record to give my Bitcoin price prediction.

I also give you an absolute edge in the markets and take all of the emotions out of trading Bitcoin.

https://youtu.be/BOsqXm1YFcE

BitcoinsGreat

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Quote from: GreatArkansas on November 14, 2019, 05:48:35 PM

Quote from: gogoi on November 14, 2019, 02:36:11 PM

Bitcoin tends to trend both up and down for really long period of times. It is a trending asset because it is a new asset full of price discovery.

If I am going to ask about the trend of Bitcoin now;
I will never trade first. The trend is really unpredictable now, lot of flash dumps or flash pumps nowadays, saw those huge didl candles? That will going to rekt you.
Yes, you have some points; this could be probably because of upcoming block halving of Bitcoin, etc.

There are many trends indicators but none of them seems to be the perfect one. Most of the time bitcoin move opposite to the trend, so if you want to understand the trends you will need to study the bitcoins charts and history in depth.

gogoi

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Activity: 42

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Quote from: exstasie on November 17, 2019, 01:47:58 PM

Quote from: 1Referee on November 14, 2019, 05:40:41 PM

Every asset is a 'trending' asset, not just Bitcoin. What makes Bitcoin kinda different is the repetitive nature of the cycles it goes through. No cycle is exactly the same as Bitcoin grows larger after each cycle, but the cycles do rhyme quite nicely in terms of general behavior.

The cycles seem pretty repetitive in the S&P 500 too. That's just what a bullish supercycle looks like. It's possible we simply haven't seen a bearish supercycle in Bitcoin, which will fundamentally change its long term pattern.

I'd say every asset is a "ranging" asset, really. Markets range 80% of the time, and BTC is no different. We all remember the parabolic runs but most of the time it just ranges for months and months, just like now.

Absolutely this cycles play out on all assets classes, indices and especially commodities however what takes several years to play out on other instruments occurs in months or under 2 yrs in Bitcoin. It astonishing and unlike anything else.

exstasie

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Quote from: 1Referee on November 14, 2019, 05:40:41 PM

Every asset is a 'trending' asset, not just Bitcoin. What makes Bitcoin kinda different is the repetitive nature of the cycles it goes through. No cycle is exactly the same as Bitcoin grows larger after each cycle, but the cycles do rhyme quite nicely in terms of general behavior.

The cycles seem pretty repetitive in the S&P 500 too. That's just what a bullish supercycle looks like. It's possible we simply haven't seen a bearish supercycle in Bitcoin, which will fundamentally change its long term pattern.

I'd say every asset is a "ranging" asset, really. Markets range 80% of the time, and BTC is no different. We all remember the parabolic runs but most of the time it just ranges for months and months, just like now.

Quidat

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Quote from: hugeblack on November 16, 2019, 11:12:21 AM

Depending on the "halving cycle" as the only thing that moves the price and leads to fluctuations is a wrong scenario and may lead to a lot of losses.
Many factors led to the rise of Bitcoin in 2017 and therefore the belief that the "halving cycle" is the main reason for it is a mistake.
Many people expect the price to rise over the next year because of the halving and therefore the price may have the same effect as everyone expects to rise.
When we reach sufficient levels of market capacity, the price will tend to stabilize.

We cannot blame the entire community not to have this kind of mentality yet weve already seen on past halvings on what happened.
It mat not able to rise up its price directly but there were actually real changes in price after how many months.So it would probably happen on
next months to come too after that halving event on 2020 but i agree on what you had said that if it do reaches out a significant
level of price then it would tend to move sideways once again.

gogoi

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Quote from: hugeblack on November 16, 2019, 11:12:21 AM

Depending on the "halving cycle" as the only thing that moves the price and leads to fluctuations is a wrong scenario and may lead to a lot of losses.
Many factors led to the rise of Bitcoin in 2017 and therefore the belief that the "halving cycle" is the main reason for it is a mistake.
Many people expect the price to rise over the next year because of the halving and therefore the price may have the same effect as everyone expects to rise.
When we reach sufficient levels of market capacity, the price will tend to stabilize.

There is the possibility this model is proven wrong. We will find out in the next year or two. But until proven wrong the math adds up and has been confirmed by independent sources.

Take a look if you are not familiar with Plan B's Stock to Flow, https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25

The latest Tales from the Crypt podcast with Trace Mayer talks about this being confirmed from outside sources.

Both worth your time.

hugeblack

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Depending on the "halving cycle" as the only thing that moves the price and leads to fluctuations is a wrong scenario and may lead to a lot of losses.
Many factors led to the rise of Bitcoin in 2017 and therefore the belief that the "halving cycle" is the main reason for it is a mistake.
Many people expect the price to rise over the next year because of the halving and therefore the price may have the same effect as everyone expects to rise.
When we reach sufficient levels of market capacity, the price will tend to stabilize.

gogoi

jr. member

Activity: 42

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Quote from: 1Referee on November 14, 2019, 05:40:41 PM

Every asset is a 'trending' asset, not just Bitcoin.

Pull up the True Trend BTC indicator on TradingView looking at the 12 hour time frame. Not all assets trend. Many are very choppy going back and forth between up and down trends often.

Bitcoin holds it trend (due to it's cycles) both up and down for extended periods of time.

Bitcoin is the only asset with it's four year halving cycle which is most likely what causes it's epic bull and bear phases. No other asset has 10x+ returns and -85% drawdowns every four years. This is why bitcoin is a trending asset.

gogoi

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Quote from: Wexnident on November 15, 2019, 08:46:47 AM

Basic tips on the vid though, if you were the one who made it. Put your photo down at the bottom left/right or top left. Kinda weird it's in the middle, plus the random appearance of you telling us to like the vid like bro, seriously. Stop it.

Good advice, ty!

Wexnident

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Well yes. The recent trends of ups and downs of BTC are mainly caused by the upcoming halving this 2020 (Most likely reason). The recent drop from 9k to 8.5k was in a sense, normal, with how the market moves, but if it drops to 7k, I'd start guessing that people are panicking about something by then. It's really hard to get a sense of it now since it was a gradual loss and not a sudden dump.

Basic tips on the vid though, if you were the one who made it. Put your photo down at the bottom left/right or top left. Kinda weird it's in the middle, plus the random appearance of you telling us to like the vid like bro, seriously. Stop it.

Quote from: 1Referee on November 14, 2019, 05:40:41 PM

Every asset is a 'trending' asset, not just Bitcoin. What makes Bitcoin kinda different is the repetitive nature of the cycles it goes through. No cycle is exactly the same as Bitcoin grows larger after each cycle, but the cycles do rhyme quite nicely in terms of general behavior.

The cycle doesn't repeat, but it somehow shows a similar amount of growth with each cycle available. It shows dump and pumps at times, but it still within the rhythm. The bubble of 2016 was kind of destroyed the rhythm, which is why it dumped down quite a bit after that, but I guess the market held on with it and managed to raise it to what it is today.

Topic: Super Effective Way to Help You Follow the Trend of Bitcoin (Read 301 times)