Topic: The trend is your friend if you know how to identify it)) - page 5. (Read 639 times)
There is no big deal in bitcoin trend. That oldie is way consistent in its movement upwards. Pick the historical data, checkout the pattern and you will see it’s really big bull and big bears all the time. However, if you are going to day trade or have Short trading goals then it comes to learning of in depth analysis for bitcoin data. But it is also advisable not to go for shorts when it’s bitcoin. Better keep saving more and more bits and watch your wealth grow over the time. The historical trend anyway following it all the time so you have nothing to loose in long period.
How to determine the trend for bitcoin?
Share tools or your opinion on determining the turn for bitcoin.
If we are talking about trend, then it's surely depends on the news you are getting on the internet. You may need to subscribe on some of those news medias in the internet that are covering about Bitcoin and cryptocurrency in general, also keep a track on influencer's social medias as well because they could give you some insight about the hype/trend in later date. Share tools or your opinion on determining the turn for bitcoin.
There are indicators that you can rely on when you want to see trend but this will also depend on the time frame where you want to trade. Generally, RSI can do this for you as you can see the bottom which you can bet its going to go up any moment.
For the higher time frame I think in the daily or weekly chart, the RSI still can be useful and the 200 Moving Average. You will however be surprise if the market act the same way as it is since yesterday and today because it seem to be very manipulated that its doing flash pump and dump.
You don't need many sites to read news about the coin like the post above if you want to see all news about Bitcoin or altcoin there is only one website that I use.
Here's the website below it also has trends and you can able to join and comment.
- https://cryptopanic.com
And if you want to learn more about trading and learn more about patterns and trends you should study Technical Analysis(TA) there is an awesome source that you can check below
- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading
Scroll down and look for Technical Analysis and also learn about Fundamental Analysis(FA)
I guess I'm going with this approach as well, I'm more into the minimalist side of stuffs too and don't want to clutter the views and opinions from a lot of sources. I thank you for this great resources @BitMaxz and it's now on my bookmark lists. Haven't really gone into cryptopanic before and exploring the site really amused me, it's simple and a classic looking style of UI/UX. Appreciate it. Here's the website below it also has trends and you can able to join and comment.
- https://cryptopanic.com
And if you want to learn more about trading and learn more about patterns and trends you should study Technical Analysis(TA) there is an awesome source that you can check below
- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading
Scroll down and look for Technical Analysis and also learn about Fundamental Analysis(FA)
Share tools or your opinion on determining the turn for bitcoin.
With Bitcoin, you should have a long term vision for your investment. What is a long term trend of Bitcoin? Superb bullish according to its yearly chart.There are ups and downs, Green and Red months, massacres in the market but long term, the trend is bullish.
Quote
The topic is interesting because correct knowledge of the Bitcoin trend will help predict the direction for 98% of altcoins according to my observations.
Altcoins are too risky and they can easily lose 99% of their all time high values when either the trend is over or the trend of crypto market turns from bullish to bearish.- See the historical snapshots on top altcoins from Coinmarketcap: https://coinmarketcap.com/historical/
How to determine the trend for bitcoin?
Share tools or your opinion on determining the turn for bitcoin.
The topic is interesting because correct knowledge of the Bitcoin trend will help predict the direction for 98% of altcoins according to my observations.
Share tools or your opinion on determining the turn for bitcoin.
The topic is interesting because correct knowledge of the Bitcoin trend will help predict the direction for 98% of altcoins according to my observations.
If you are familiar with trading view, there's a lot of market there, but choose bitcoin
https://www.tradingview.com/symbols/BTCUSD/
And then there you will find interesting predictions and analysis. But then again this is just speculation so you need to be very careful as well. Just read and then make your decision yourself.
You don't need many sites to read news about the coin like the post above if you want to see all news about Bitcoin or altcoin there is only one website that I use.
Here's the website below it also has trends and you can able to join and comment.
- https://cryptopanic.com
And if you want to learn more about trading and learn more about patterns and trends you should study Technical Analysis(TA) there is an awesome source that you can check below
- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading
Scroll down and look for Technical Analysis and also learn about Fundamental Analysis(FA)
Here's the website below it also has trends and you can able to join and comment.
- https://cryptopanic.com
And if you want to learn more about trading and learn more about patterns and trends you should study Technical Analysis(TA) there is an awesome source that you can check below
- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading
Scroll down and look for Technical Analysis and also learn about Fundamental Analysis(FA)
How to determine the trend for bitcoin?
Share tools or your opinion on determining the turn for bitcoin.
The topic is interesting because correct knowledge of the Bitcoin trend will help predict the direction for 98% of altcoins according to my observations.
^ Just like on what had been said above - Im also into news when it comes to fundamentals.Share tools or your opinion on determining the turn for bitcoin.
The topic is interesting because correct knowledge of the Bitcoin trend will help predict the direction for 98% of altcoins according to my observations.
You could visit out these sites if you are interested into.
https://news.bitcoin.com/
https://cointelegraph.com/
https://www.coindesk.com/
https://cryptonews.com/
You would definitely able to know trends yet these news outlets would definitely make out some headline.
How to determine the trend for bitcoin?
Share tools or your opinion on determining the turn for bitcoin.
The topic is interesting because correct knowledge of the Bitcoin trend will help predict the direction for 98% of altcoins according to my observations.
If it's about the trend, I'm into the news.Share tools or your opinion on determining the turn for bitcoin.
The topic is interesting because correct knowledge of the Bitcoin trend will help predict the direction for 98% of altcoins according to my observations.
Together with the chart, if there's a sudden increase. I'm quickly looking if there's any good reason for the pump and a news that's related to it. But if there's none.
I'm waiting for a few hours until a news comes out. And if you're good in technical analysis, you'll just have to check and see if there's a pattern or trend that's being formed based on its chart.
How to determine the trend for bitcoin?
Share tools or your opinion on determining the turn for bitcoin.
The topic is interesting because correct knowledge of the Bitcoin trend will help predict the direction for 98% of altcoins according to my observations.
Share tools or your opinion on determining the turn for bitcoin.
The topic is interesting because correct knowledge of the Bitcoin trend will help predict the direction for 98% of altcoins according to my observations.
Jump to: