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Topic: The trend is your friend if you know how to identify it)) (Read 686 times)

LUCKMCFLY
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The trend is your friend if you know how to identify it))
May 19, 2022, 10:39:39 PM
#90
Quote from: sana54210 on May 09, 2022, 04:16:30 PM
Quote from: LUCKMCFLY on May 08, 2022, 07:14:50 PM
I think that the trend has a lot to do with the timing of the trading you want to do, because the long-term trend is what really matters, but it is long-term, and as long as trends are chosen in lower timeframes, disorder begins and it is a disorder called "volatiity" and the lower the temporality is synonymous with having a faster reaction in case the market goes against it, since reacting quickly is sometimes a challenge, that is why the importance of placing a stop loss and take profit, if you can put both at the same time it would be ideal.
I truly believe that we should not be focusing on the "trend" when we are talking about the future, I mean isn't it obvious that it would be totally useless thing considering the trend doesn't matter when we are talking about the future of the situation?

It's clear to me that we are going to end up with something terribly easy to guess for the long term which is going up, it always goes up in the long term and will keep going up as well. It is that chaotic short term when you look at a small time-frame that ended up being a profitable thing for most people, or they lose money because it is not easy but that is how you end up trading if you want to profit.
Yes, of course, in fact, a friend who took the Wyckoff course told me that the teachers who explain Wyckoff only do scalping to show that they are right about what they think, they don't scalp just to make money, they do it to show that what they think and their way of seeing the market is correct, there comes a time when they only care about being right and that's it, they settle for that.

In this sense, those people who trade in this way the long-term market does not stop them much, they only concentrate on trading in the short term to earn money and in the case of the professors of the Wyckoff academy prove that they are right .
jostorres
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Re: The trend is your friend if you know how to identify it))
May 16, 2022, 02:06:16 PM
#89
Quote from: martyns on May 15, 2022, 12:55:32 AM
BTC is the top coin that is trending all over the news, because of it's recent and heavy dump. The coin dump from $40k to $28k and it's currently unpredictable. Traders are making money from the coin, although some traders are losing their funds in Bitcoin. But those that Short and Long BTC are  in profits only if they know how to strategize and Know when the coin will fall a little, they will short it, and when the coin will also pump a little bit, the will long it on futures trading. BTC is analyse it predicted to dump to $20k before pumping and Making the long run to $100k
Currently unpredictable? If the price didn't nose dive you aren't going to realize this but the truth is that btc is already unpredictable right at the beginning because of its high volatile state but yes it was mostly the traders that are gaining money now though not all are winning their trades but there are still some that will lose because they didn't execute it properly.

It is always best to trade and then keep some for investing long term as that will give you a better profit. You won't miss any good happenings that way. Some says that btc will dump 20k. That's too scary if it happen because that point is already low but if that is the only way for btc to hit 100k then why not? A little sacrifice is going to be fine.
Wawa2013
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Re: The trend is your friend if you know how to identify it))
May 15, 2022, 09:28:02 AM
#88
Quote from: martyns on May 15, 2022, 12:55:32 AM
Quote from: LUCKMCFLY on May 14, 2022, 11:02:12 PM
For me, the BTC trend has many explanations according to the corresponding temporality, if it is short-term, the trend differs a lot from the long-term one, for me the long-term trend is bullish, because I know that bitcoin will have another movement where a new ATH will be reached, and the model that best explains it is PlanB's S2F model, so I totally stick to it because it's a predictive model that I trust a lot, and because it's not like a tool, but it has expiration.

BTC is the top coin that is trending all over the news, because of it's recent and heavy dump. The coin dump from $40k to $28k and it's currently unpredictable. Traders are making money from the coin, although some traders are losing their funds in Bitcoin. But those that Short and Long BTC are  in profits only if they know how to strategize and Know when the coin will fall a little, they will short it, and when the coin will also pump a little bit, the will long it on futures trading. BTC is analyse it predicted to dump to $20k before pumping and Making the long run to $100k

If we study Bitcoin well, we certainly will not worry about the bearish trend that is happening in Bitcoin today. Because Bitcoin is indeed very volatile
in its movement, so sometimes it often suddenly dumps, but the next Bitcoin will rise again. Such is the movement of Bitcoin, even the decline in
Bitcoin which is quite deep as it is now is not the first time, Bitcoin has experienced a decline in price several times. The conclusion is how deep
the price of Bitcoin falls, Bitcoin can always recover and go higher. So the Bitcoin price drop below $30k should only be temporary, we just need
to be patient for the bullish trend to come. My experience is that investing in Bitcoin always gets a satisfying profit if I can be patient holding Bitcoin
in the long term.
sklopan
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Re: The trend is your friend if you know how to identify it))
May 15, 2022, 08:25:07 AM
#87
There are quite a lot of such tools in this niche. It is important to know how to use them correctly in order to get more stealthy results.
martyns
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Re: The trend is your friend if you know how to identify it))
May 15, 2022, 12:55:32 AM
#86
Quote from: LUCKMCFLY on May 14, 2022, 11:02:12 PM
For me, the BTC trend has many explanations according to the corresponding temporality, if it is short-term, the trend differs a lot from the long-term one, for me the long-term trend is bullish, because I know that bitcoin will have another movement where a new ATH will be reached, and the model that best explains it is PlanB's S2F model, so I totally stick to it because it's a predictive model that I trust a lot, and because it's not like a tool, but it has expiration.

BTC is the top coin that is trending all over the news, because of it's recent and heavy dump. The coin dump from $40k to $28k and it's currently unpredictable. Traders are making money from the coin, although some traders are losing their funds in Bitcoin. But those that Short and Long BTC are  in profits only if they know how to strategize and Know when the coin will fall a little, they will short it, and when the coin will also pump a little bit, the will long it on futures trading. BTC is analyse it predicted to dump to $20k before pumping and Making the long run to $100k
LUCKMCFLY
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Re: The trend is your friend if you know how to identify it))
May 14, 2022, 11:02:12 PM
#85
Quote from: jrrsparkles on May 06, 2022, 12:44:56 AM
Quote from: aliborn on April 21, 2022, 12:34:30 PM
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.
You can't identify the future trend of Bitcoin and cryptocurrencies, it is possible to know the current and upcoming events of crypto and you have to make your own analysis also you can use the technical indicators to predict the approximate movements but it is not possible to identify the accurate movements of cryptocurrencies with any way.

For me, the BTC trend has many explanations according to the corresponding temporality, if it is short-term, the trend differs a lot from the long-term one, for me the long-term trend is bullish, because I know that bitcoin will have another movement where a new ATH will be reached, and the model that best explains it is PlanB's S2F model, so I totally stick to it because it's a predictive model that I trust a lot, and because it's not like a tool, but it has expiration.
milewilda
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Re: The trend is your friend if you know how to identify it))
May 14, 2022, 02:18:13 PM
#84
Quote from: wxa7115 on May 14, 2022, 01:34:14 PM
Quote from: Ararbermas on May 10, 2022, 04:41:11 AM
Yhup, every trader must know and knowledgeable enough to identify the trends because trading against the trend is really not safe and it will be the worst nightmare because in just one mistake you will end up massive losses.  So better to learn more first before making decisions in trading to make sure the trends will be on our sides.  Wink
At the end of the day in order to make money while we trade we need a trend to move in our desired direction, so for example if you buy bitcoin at 29k then you need bitcoin to go up to obtain any profits, so finding trends is the most basic skill we can learn and yet it is one of the most important.

And yet this is not easy, as the market can move in ways that are completely incomprehensible to us, forcing us to deal with many small losses as we try to identify when the next big trend will actually happen.
Thats why we do always have that impression that this market is really that unpredictable on the sense that there's no such thing about precise kind of speculation where everything would really be that totally in random or really that speculative thats why its never been easy to deal up with this market if you arent making yourself that skilled enough.Of course acquiring skills and knowledge would really
takes time and do need to have lots of effort before you could able to reach up into a certain extent where you could really assure yourself that you could at least
able to handle yourself even with these kind of unpredictabilities.
wxa7115
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Re: The trend is your friend if you know how to identify it))
May 14, 2022, 01:34:14 PM
#83
Quote from: Ararbermas on May 10, 2022, 04:41:11 AM
Yhup, every trader must know and knowledgeable enough to identify the trends because trading against the trend is really not safe and it will be the worst nightmare because in just one mistake you will end up massive losses.  So better to learn more first before making decisions in trading to make sure the trends will be on our sides.  Wink
At the end of the day in order to make money while we trade we need a trend to move in our desired direction, so for example if you buy bitcoin at 29k then you need bitcoin to go up to obtain any profits, so finding trends is the most basic skill we can learn and yet it is one of the most important.

And yet this is not easy, as the market can move in ways that are completely incomprehensible to us, forcing us to deal with many small losses as we try to identify when the next big trend will actually happen.
Vaculin
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Re: The trend is your friend if you know how to identify it))
May 10, 2022, 06:44:00 PM
#82
Quote from: sulendra12 on April 22, 2022, 12:23:03 AM
Quote from: aliborn on April 21, 2022, 12:34:30 PM
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.
Social media is one way to be more updated on the current events and trends of bitcoin. However, we should only rely for those news that are legit and reliable, and stay away from fake news. Also, learn some trends through participating in some legit telelgram channels, or even watching blogs from crypto influencers who have made big achievements in crypto.
horrifiedx1
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Re: The trend is your friend if you know how to identify it))
May 10, 2022, 04:15:13 PM
#81
Quote from: LastKiss on May 10, 2022, 11:14:09 AM
Quote from: aliborn on April 21, 2022, 12:34:30 PM
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.

Well, you can check the statistic for people who search for Bitcoin. Personally I'm just gonna wait until this situation gets calmer than now and then I can predict the next decision that I will make or I can just wait until the next halving of Bitcoin, like after Bitcoin halving is done the Bitcoin market always gets trending and the price goes up too.
simply we can use trend line, very easy to do it. but what is difficult is to find a reversal area, where the price will reverse direction, and usually this is related to the strong support next to the Kirai, so the market cannot break through that strong defense, and finally the price has experienced saturation, and reversed direction due to the actions of the traders. traders and investors in the majority
LastKiss
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Re: The trend is your friend if you know how to identify it))
May 10, 2022, 11:14:09 AM
#80
Quote from: aliborn on April 21, 2022, 12:34:30 PM
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.

Well, you can check the statistic for people who search for Bitcoin. Personally I'm just gonna wait until this situation gets calmer than now and then I can predict the next decision that I will make or I can just wait until the next halving of Bitcoin, like after Bitcoin halving is done the Bitcoin market always gets trending and the price goes up too.
taufik123
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Re: The trend is your friend if you know how to identify it))
May 10, 2022, 10:18:52 AM
#79
Those who buck the trend are those who do not know and have never learned how to identify the market properly. Those who buck the trend will be a source of profit for the big players (Whales).
As in this bad market condition, the market is in a bearish state and of course if you go against the trend you will lose a lot.
Many tools that can be used to identify market prices, technical and fundamental analysis will be very helpful, so that we know what trends are happening in the market.
Ararbermas
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Re: The trend is your friend if you know how to identify it))
May 10, 2022, 04:41:11 AM
#78
Yhup, every trader must know and knowledgeable enough to identify the trends because trading against the trend is really not safe and it will be the worst nightmare because in just one mistake you will end up massive losses.  So better to learn more first before making decisions in trading to make sure the trends will be on our sides.  Wink
kapalmabur
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Re: The trend is your friend if you know how to identify it))
May 10, 2022, 03:35:11 AM
#77
Quote from: crzy on May 09, 2022, 04:57:15 PM
Quote from: jrrsparkles on May 06, 2022, 12:44:56 AM
Quote from: aliborn on April 21, 2022, 12:34:30 PM
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.
You can't identify the future trend of Bitcoin and cryptocurrencies, it is possible to know the current and upcoming events of crypto and you have to make your own analysis also you can use the technical indicators to predict the approximate movements but it is not possible to identify the accurate movements of cryptocurrencies with any way.
The future trend is unknown, you can only just know where the trend is going through price analysis but as usual, there’s no guarantee on that since its a pure prediction. Just use the basic tools when you are going to invest, it can still be a big help for you to set up everything and its really advisable to have the analysis first.
It's true, even though we've done the analysis, it's still not a guarantee for us to know what the trend will be in the future,
but at least doing the analysis it will help us to make a decision,
the most important thing is to keep abreast of market movements at all times
Markinzo
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Re: The trend is your friend if you know how to identify it))
May 10, 2022, 02:43:37 AM
#76
Myself I don't rely on a claimed prediction sites as tool to getting friendly or familiar with the market trend as they most times fail it been that it's just a prediction still and it's prone to contradiction.

It's the future we are talking about and the future is unpredictable despite the fact that this involves the market. So complete reliance on tools and news is quite risky anyway. So while I rely on them to an extend I also put some indept  dedication on past events (market history) that took place or have been recurrent in the market at certain time and contrast to the present and see if there's any relativeness.

Not to forget there are times luck come into play too.
crzy
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Re: The trend is your friend if you know how to identify it))
May 09, 2022, 04:57:15 PM
#75
Quote from: jrrsparkles on May 06, 2022, 12:44:56 AM
Quote from: aliborn on April 21, 2022, 12:34:30 PM
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.
You can't identify the future trend of Bitcoin and cryptocurrencies, it is possible to know the current and upcoming events of crypto and you have to make your own analysis also you can use the technical indicators to predict the approximate movements but it is not possible to identify the accurate movements of cryptocurrencies with any way.
The future trend is unknown, you can only just know where the trend is going through price analysis but as usual, there’s no guarantee on that since its a pure prediction. Just use the basic tools when you are going to invest, it can still be a big help for you to set up everything and its really advisable to have the analysis first.
sana54210
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Re: The trend is your friend if you know how to identify it))
May 09, 2022, 04:16:30 PM
#74
Quote from: LUCKMCFLY on May 08, 2022, 07:14:50 PM
I think that the trend has a lot to do with the timing of the trading you want to do, because the long-term trend is what really matters, but it is long-term, and as long as trends are chosen in lower timeframes, disorder begins and it is a disorder called "volatiity" and the lower the temporality is synonymous with having a faster reaction in case the market goes against it, since reacting quickly is sometimes a challenge, that is why the importance of placing a stop loss and take profit, if you can put both at the same time it would be ideal.
I truly believe that we should not be focusing on the "trend" when we are talking about the future, I mean isn't it obvious that it would be totally useless thing considering the trend doesn't matter when we are talking about the future of the situation?

It's clear to me that we are going to end up with something terribly easy to guess for the long term which is going up, it always goes up in the long term and will keep going up as well. It is that chaotic short term when you look at a small time-frame that ended up being a profitable thing for most people, or they lose money because it is not easy but that is how you end up trading if you want to profit.
LUCKMCFLY
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Re: The trend is your friend if you know how to identify it))
May 08, 2022, 07:14:50 PM
#73
Quote from: Emitdama on April 28, 2022, 05:25:21 AM
Everyone wants to be able to make predictions when the price of bitcoin is going up or which altcoin is going to be the next trend. Doing this is not an easy work. It’s possible that you can be able to predict the next trend, but it requires a lot of dedication.

I believe that you have Twitter, anyone who is serious about trading and investing in the cryptocurrency market really needs to have Twitter account and follow important groups or accounts that can help you gain information. Then you also need to have knowledge about technical analysis.


I think that the trend has a lot to do with the timing of the trading you want to do, because the long-term trend is what really matters, but it is long-term, and as long as trends are chosen in lower timeframes, disorder begins and it is a disorder called "volatiity" and the lower the temporality is synonymous with having a faster reaction in case the market goes against it, since reacting quickly is sometimes a challenge, that is why the importance of placing a stop loss and take profit, if you can put both at the same time it would be ideal.
MinMan
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Re: The trend is your friend if you know how to identify it))
May 08, 2022, 03:35:35 PM
#72
Quote from: jrrsparkles on May 06, 2022, 12:44:56 AM
Quote from: aliborn on April 21, 2022, 12:34:30 PM
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.
You can't identify the future trend of Bitcoin and cryptocurrencies, it is possible to know the current and upcoming events of crypto and you have to make your own analysis also you can use the technical indicators to predict the approximate movements but it is not possible to identify the accurate movements of cryptocurrencies with any way.
You can't identify it, but you could predict it, and that's all we can try to do. People who try to "know" what's going to happen before it happens will not be happy with the results, they will end up being poor because of it as well. You need to realize that the best case for you would be to make some profit based on what you can assume and not what you may know.

If you try to know everything, then you will realize that there is no knowing" in crypto, because nobody can predict the future 100% true, but you could try it and be right most of the time and make a profit like that, which is all we can do and which has been what traders have been doing for many decades now.
wxa7115
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Re: The trend is your friend if you know how to identify it))
May 07, 2022, 01:23:10 PM
#71
Quote from: seleme on May 02, 2022, 03:56:29 PM
Determining a trend is easy when it has happened on the graph, the pro traders should be able to predict the right timing before it happens. The indicators and oscillators showing oversold-overbought zones help to find bottom/top points that can be the start point of the trend but it is not always a reliable source to detect trends. Technical indicators and sentimental analysis should be used together for backing fundamental news, in case of perfect timing trends may happen and the riding trend must be easier for those who can determine it before action.
Once enough time has passed then telling whether there is a positive trend or a negative one is indeed easy, however to do this at the early stage of a trend is very difficult as there are many instances in which the market seems like it is going to begin a new trend and then it does not actually materialize.

This is why if you are looking to enter a strong trend early on you will have many small losses, which can turn into big losses if you get desperate and try to force a trade, as it is very difficult to accept so many losses in a row for most traders.
jrrsparkles
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Re: The trend is your friend if you know how to identify it))
May 06, 2022, 12:44:56 AM
#70
Quote from: aliborn on April 21, 2022, 12:34:30 PM
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.
You can't identify the future trend of Bitcoin and cryptocurrencies, it is possible to know the current and upcoming events of crypto and you have to make your own analysis also you can use the technical indicators to predict the approximate movements but it is not possible to identify the accurate movements of cryptocurrencies with any way.
savetheFORUM
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Re: The trend is your friend if you know how to identify it))
May 05, 2022, 04:58:22 PM
#69
Quote from: TheUltraElite on May 03, 2022, 04:48:12 AM
Quote from: doomloop on April 26, 2022, 11:39:55 AM
If you are aware of the trend, like if it is going up or down, as soon as it starts to happen, then you could definitely make some money.
Though I would not bet that each trader will be able to identify this correctly and in time. Neither is that necessary, if you are going for the long term game. In the short term it becomes a race against time, wits and speed. Cheesy

Quote
The small moves of crypto is common, so if you think that it is going down, and catch it right it drops 0.1% or something, then get out at 3% drop, then you could make profit, same thing when it is going up. Doesn't mean that it would have to be very well designed, it could be a bit different and difficult but at the end of the day we are going to see the momentum change so you will have to catch that quickly. I am not saying that you can't, but it is not that simple and it will require a lot of talent.
It sounds simple but it is easier said that done. Small movements are better not to trade on, you might end up losing more on crypto exchange fees than what you get in return. Rather place orders of buy and sell at longer ranges and with a mid-long term goal.

Trends are mostly for day trading. For them running bots to monitor trends is a common thing. This should not be done by every trader, because everyone has their own type and class. The long term hodlers only need to buy/sell at a difference.
Of course, itis easier said than done. You are going to have hard time doing it but that is how investment works. If it was a simple thing then everyone would be wealthy by now and the world would not have any poor people, everyone would be rich, all you gotta do would be follow a few simple steps and you would never have to worry about money ever again.

This isn't the case, it’s hard, the world is filled with people who need more money to survive and this means if you could overcome this and manage to follow these rules and act accordingly, then you will trade to make a bunch of money that most other people wouldn't be able to do. That’s the key.
Kimonoe
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Re: The trend is your friend if you know how to identify it))
May 05, 2022, 11:01:00 AM
#68
Quote from: Oceat on May 02, 2022, 06:59:04 PM
Quote from: fullhdpixel on May 02, 2022, 04:32:24 PM
Quote from: Flexystar on May 02, 2022, 02:30:14 AM
There is no such thing as 98% accuracy while predicting the future of altcoins and difficult trend analysis while predicting bitcoin. Both of them are assets or crypto currencies who are highly dependent on market and its position. There is market depth, volume, daily use cases, social influence, external news forces and technical analysis which will define the collective price for current time or future times. Trend is based on above mentioned factors. Only way to get it right is to learn them and asses them so that you can come to conclusive results.
98 percent? Wow, they seem so sure with it but they can say that maybe because they think that alts always follow btc and for them its a piece of cake to predict alts that way but for some that don't know it yet or don't believe that it works that way, they are the ones that will argue.

It's more easier to predict altcoins that are in the top 10 because we are more surer that they have a brighter future than those who are in the lower brackets. Trend word on the hand looks like it only came from the social media but actually, trend is more than that. You already state different examples above where trend could come. We can use it to make our predictions more successful.
I might have to agree with that but there are altcoins too that are beyond top 50 who are also pumping once Bitcoin price pump but I would say not at all but there are some. And 98% seems to be too much because I don't think it works that way with all of the existing altcoins almost everyday it's hard to tell though. Bitcoin trend is one of the best way to tell if there's a pump or dump so no need to look for elsewhere if you could just react to what is the trend showing in Bitcoin.
it's not a definite formula, but most altcoins will follow the movement of bitcoin. therefore by choosing a top altcoin, it will be easier for us to analyze it, because it has the same habits as bitcoin. when bitcoin goes up and we choose one of the potential altcoins, it can happen that the increase will be greater than bitcoin in percentage. therefore the advantages of investing in altcoins for reasons of providing greater profits
Quidat
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Re: The trend is your friend if you know how to identify it))
May 03, 2022, 05:33:58 PM
#67
Quote from: Oceat on May 02, 2022, 06:59:04 PM
Quote from: fullhdpixel on May 02, 2022, 04:32:24 PM
Quote from: Flexystar on May 02, 2022, 02:30:14 AM
There is no such thing as 98% accuracy while predicting the future of altcoins and difficult trend analysis while predicting bitcoin. Both of them are assets or crypto currencies who are highly dependent on market and its position. There is market depth, volume, daily use cases, social influence, external news forces and technical analysis which will define the collective price for current time or future times. Trend is based on above mentioned factors. Only way to get it right is to learn them and asses them so that you can come to conclusive results.
98 percent? Wow, they seem so sure with it but they can say that maybe because they think that alts always follow btc and for them its a piece of cake to predict alts that way but for some that don't know it yet or don't believe that it works that way, they are the ones that will argue.

It's more easier to predict altcoins that are in the top 10 because we are more surer that they have a brighter future than those who are in the lower brackets. Trend word on the hand looks like it only came from the social media but actually, trend is more than that. You already state different examples above where trend could come. We can use it to make our predictions more successful.
I might have to agree with that but there are altcoins too that are beyond top 50 who are also pumping once Bitcoin price pump but I would say not at all but there are some. And 98% seems to be too much because I don't think it works that way with all of the existing altcoins almost everyday it's hard to tell though. Bitcoin trend is one of the best way to tell if there's a pump or dump so no need to look for elsewhere if you could just react to what is the trend showing in Bitcoin.
Speaking with low caps then its really be having that chance on having those pumping times or conditions whenever bitcoin do really make out some significant movement but of course
any actions would be made out by you would be entirely be depending on your own analysis and skills towards the market.Every person would really vary because not all would really
be that knowledgeable or good when it comes to speculation in price movements but well all of us does share up on the same problem.
justdimin
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Re: The trend is your friend if you know how to identify it))
May 03, 2022, 05:22:58 PM
#66
Quote from: Mpamaegbu on May 02, 2022, 05:20:38 AM
Quote from: zaesvlas on April 23, 2022, 09:22:31 AM
It's very well described in the title of the thread. In general, many tools can be called friends if you work with them correctly and know how to use them.
Nope, it's not what you're thinking. Your comment here is totally different from what this thread is about. It's not about indicators or tools but about price direction. That's what is called Trend. As a trader or investor, it's better to identify where price is headed before pulling the trigger on trades. That way you're guaranteed of being in profit without stress. For instance, the short term trend for Bitcoin now is down. Anyone placing a sell on Bitcoin is more likely to make profit than one who is buying it at the moment.
Identifying the trend is not that easy though, and there are indicators and tools that help you try to predict it. Not that it is impossible to do it but at the very least you could give it a shot and could be doing fine at least. I do not know how hard it will be but at the end we won't be getting anything that is difficult beyond measure anyway.

Just predict the trend, predict where the price is going, use whatever you want for it, your gut feeling, indicators, TA, whatever and you will be doing fine. But, it will end up being a very tough task to do so considering how much we are having trouble with, if it was easy then we could have made a ton of money with leverage trading.
TheUltraElite
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Re: The trend is your friend if you know how to identify it))
May 03, 2022, 04:48:12 AM
#65
Quote from: doomloop on April 26, 2022, 11:39:55 AM
If you are aware of the trend, like if it is going up or down, as soon as it starts to happen, then you could definitely make some money.
Though I would not bet that each trader will be able to identify this correctly and in time. Neither is that necessary, if you are going for the long term game. In the short term it becomes a race against time, wits and speed. Cheesy

Quote
The small moves of crypto is common, so if you think that it is going down, and catch it right it drops 0.1% or something, then get out at 3% drop, then you could make profit, same thing when it is going up. Doesn't mean that it would have to be very well designed, it could be a bit different and difficult but at the end of the day we are going to see the momentum change so you will have to catch that quickly. I am not saying that you can't, but it is not that simple and it will require a lot of talent.
It sounds simple but it is easier said that done. Small movements are better not to trade on, you might end up losing more on crypto exchange fees than what you get in return. Rather place orders of buy and sell at longer ranges and with a mid-long term goal.

Trends are mostly for day trading. For them running bots to monitor trends is a common thing. This should not be done by every trader, because everyone has their own type and class. The long term hodlers only need to buy/sell at a difference.
Oceat
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Re: The trend is your friend if you know how to identify it))
May 02, 2022, 06:59:04 PM
#64
Quote from: fullhdpixel on May 02, 2022, 04:32:24 PM
Quote from: Flexystar on May 02, 2022, 02:30:14 AM
There is no such thing as 98% accuracy while predicting the future of altcoins and difficult trend analysis while predicting bitcoin. Both of them are assets or crypto currencies who are highly dependent on market and its position. There is market depth, volume, daily use cases, social influence, external news forces and technical analysis which will define the collective price for current time or future times. Trend is based on above mentioned factors. Only way to get it right is to learn them and asses them so that you can come to conclusive results.
98 percent? Wow, they seem so sure with it but they can say that maybe because they think that alts always follow btc and for them its a piece of cake to predict alts that way but for some that don't know it yet or don't believe that it works that way, they are the ones that will argue.

It's more easier to predict altcoins that are in the top 10 because we are more surer that they have a brighter future than those who are in the lower brackets. Trend word on the hand looks like it only came from the social media but actually, trend is more than that. You already state different examples above where trend could come. We can use it to make our predictions more successful.
I might have to agree with that but there are altcoins too that are beyond top 50 who are also pumping once Bitcoin price pump but I would say not at all but there are some. And 98% seems to be too much because I don't think it works that way with all of the existing altcoins almost everyday it's hard to tell though. Bitcoin trend is one of the best way to tell if there's a pump or dump so no need to look for elsewhere if you could just react to what is the trend showing in Bitcoin.
carlfebz2
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Re: The trend is your friend if you know how to identify it))
May 02, 2022, 06:51:17 PM
#63
Quote from: kawetsriyanto on May 02, 2022, 06:47:19 PM
Quote from: aliborn on April 21, 2022, 12:34:30 PM
The trend is your friend if you know how to identify it))
I am a little bit confused with the title of the topic and also the content.  Cheesy

However, if this relates to the trend of Bitcoin, we can just see from how the crypto market is going on, how the good news of Bitcoin is spreading around the world, and how many more people are hyped and FOMO the Bitcoin because of the skyrocketing price.
This is simply how we can see the trend in general.
But if we want to look for the trend that is more specifically seen from the top and bottom, we can analyze from the TA and also FA. It will be more complex to see from several points.
Trend plotting could really be neither be classified or known via;

1. Current trend in overall market showing or looking upon the price movement of all coins in the market
2. By plotting some technical indicators.

You would really be having different stance whether on what kind or type of analysis you are making.
Just make sure that you do able to get in on the right time even though knowing this thing isnt something simple or easy.
kawetsriyanto
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Re: The trend is your friend if you know how to identify it))
May 02, 2022, 06:47:19 PM
#62
Quote from: aliborn on April 21, 2022, 12:34:30 PM
The trend is your friend if you know how to identify it))
I am a little bit confused with the title of the topic and also the content.  Cheesy

However, if this relates to the trend of Bitcoin, we can just see from how the crypto market is going on, how the good news of Bitcoin is spreading around the world, and how many more people are hyped and FOMO the Bitcoin because of the skyrocketing price.
This is simply how we can see the trend in general.
But if we want to look for the trend that is more specifically seen from the top and bottom, we can analyze from the TA and also FA. It will be more complex to see from several points.
fullhdpixel
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Re: The trend is your friend if you know how to identify it))
May 02, 2022, 04:32:24 PM
#61
Quote from: Flexystar on May 02, 2022, 02:30:14 AM
There is no such thing as 98% accuracy while predicting the future of altcoins and difficult trend analysis while predicting bitcoin. Both of them are assets or crypto currencies who are highly dependent on market and its position. There is market depth, volume, daily use cases, social influence, external news forces and technical analysis which will define the collective price for current time or future times. Trend is based on above mentioned factors. Only way to get it right is to learn them and asses them so that you can come to conclusive results.
98 percent? Wow, they seem so sure with it but they can say that maybe because they think that alts always follow btc and for them its a piece of cake to predict alts that way but for some that don't know it yet or don't believe that it works that way, they are the ones that will argue.

It's more easier to predict altcoins that are in the top 10 because we are more surer that they have a brighter future than those who are in the lower brackets. Trend word on the hand looks like it only came from the social media but actually, trend is more than that. You already state different examples above where trend could come. We can use it to make our predictions more successful.
seleme
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Re: The trend is your friend if you know how to identify it))
May 02, 2022, 03:56:29 PM
#60
Determining a trend is easy when it has happened on the graph, the pro traders should be able to predict the right timing before it happens. The indicators and oscillators showing oversold-overbought zones help to find bottom/top points that can be the start point of the trend but it is not always a reliable source to detect trends. Technical indicators and sentimental analysis should be used together for backing fundamental news, in case of perfect timing trends may happen and the riding trend must be easier for those who can determine it before action.
Kasabus
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Re: The trend is your friend if you know how to identify it))
May 02, 2022, 03:24:06 PM
#59
Quote from: aliborn on April 21, 2022, 12:34:30 PM
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 you could easily determine the trend of bitcoin, mostly you will succeed too when it comes to altcoins as they are mostly following the same trend from bitcoin. And by being more open to social media news and updates, reading recent blogs about bitcoin and participating in some prediction channels, these will give you more advantage so you will have an idea which direction bitcoin mostly go.
wxa7115
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Re: The trend is your friend if you know how to identify it))
May 02, 2022, 01:26:21 PM
#58
Quote from: BD Crypto on April 27, 2022, 02:34:24 PM
You can easily determine the trend of Bitcoin by observing Tradingview Predictions. There are a lot of chart and news based predictions available in trading view. Following then we can have an idea about the market trend.
Some time ago I used to read the predictions that users in the tradingview platform gave and like most of the time what you can find there is extremely contradictory, not only that but the people giving the predictions will often contradict themselves constantly.

So if you want to determine the direction and the strength of a trend then you do not really have any other option but to learn how to trade and then try to determine this on your own.
Franctoshi
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Re: The trend is your friend if you know how to identify it))
May 02, 2022, 07:18:42 AM
#57
I pay attention to the chart and use some indicators like RSI , MACD with market structures to determine possible turning point.
Trading bitcoin for some years now I discovered that the 200 moving and 50 moving is another powerful tools to
Use when trying to identify areas where we can have a U turn in the market because Bitcoin loves and respect this zones a lot.
ningrum
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Re: The trend is your friend if you know how to identify it))
May 02, 2022, 06:03:16 AM
#56
Quote from: molsewid on April 30, 2022, 06:11:31 PM
Quote from: BD Crypto on April 27, 2022, 02:34:24 PM
You can easily determine the trend of Bitcoin by observing Tradingview Predictions. There are a lot of chart and news based predictions available in trading view. Following then we can have an idea about the market trend.

Yes I agree, also when I want to make some trading I always check Twitter with using the hashtags of a coin or token I want to trade with, Because as we all know, aside from news outlet that is related to crypto news about other countries can affect the price of bitcoin as well for example when there is a war or if they accept crypto in their country.
We can get information from Twitter because there news updates about crypto can be said to be very fast and of course that is very helpful,
besides Twitter we can use other platforms to get the latest information,
However, in crypto, information really has an important role and can influence market movements
Mpamaegbu
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Re: The trend is your friend if you know how to identify it))
May 02, 2022, 05:20:38 AM
#55
Quote from: zaesvlas on April 23, 2022, 09:22:31 AM
It's very well described in the title of the thread. In general, many tools can be called friends if you work with them correctly and know how to use them.
Nope, it's not what you're thinking. Your comment here is totally different from what this thread is about. It's not about indicators or tools but about price direction. That's what is called Trend. As a trader or investor, it's better to identify where price is headed before pulling the trigger on trades. That way you're guaranteed of being in profit without stress. For instance, the short term trend for Bitcoin now is down. Anyone placing a sell on Bitcoin is more likely to make profit than one who is buying it at the moment.
lablab03
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Re: The trend is your friend if you know how to identify it))
May 02, 2022, 03:50:42 AM
#54
Quote from: aliborn on April 21, 2022, 12:34:30 PM
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.
i determine it using 4 time frames such as, 15 minutes, 1 hour, 2hours and daily of course coz if you're just basing in one time frame even you used indicators/tools for it it's still too hard determine the real trend of bitcoinm
 but actually for me im good with the help of time frames, i mean no more tools coz in my view they are not working or accurate in different time frames.
Flexystar
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Re: The trend is your friend if you know how to identify it))
May 02, 2022, 02:30:14 AM
#53
There is no such thing as 98% accuracy while predicting the future of altcoins and difficult trend analysis while predicting bitcoin. Both of them are assets or crypto currencies who are highly dependent on market and its position. There is market depth, volume, daily use cases, social influence, external news forces and technical analysis which will define the collective price for current time or future times. Trend is based on above mentioned factors. Only way to get it right is to learn them and asses them so that you can come to conclusive results.
molsewid
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Re: The trend is your friend if you know how to identify it))
April 30, 2022, 06:11:31 PM
#52
Quote from: BD Crypto on April 27, 2022, 02:34:24 PM
You can easily determine the trend of Bitcoin by observing Tradingview Predictions. There are a lot of chart and news based predictions available in trading view. Following then we can have an idea about the market trend.

Yes I agree, also when I want to make some trading I always check Twitter with using the hashtags of a coin or token I want to trade with, Because as we all know, aside from news outlet that is related to crypto news about other countries can affect the price of bitcoin as well for example when there is a war or if they accept crypto in their country.
uneng
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Re: The trend is your friend if you know how to identify it))
April 30, 2022, 02:42:23 PM
#51
It's not possible to predict the trend until it starts. So you better be always prepared for it, what requires patience, discipline and realistic expectations on how much you can profit from your investment and how long you have to wait for that. Considering bitcoin's history, you can identify every few years there is a sure bull run happening and I believe that should be the main focus of an investor.

Short term fluctuations are dangerous when trying to identify trends, because they can totally confuse your mind and not indicate anything useful at all. So pay attention to the big picture and make your plans based on this, instead of daily market movements.
NewRanger
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Re: The trend is your friend if you know how to identify it))
April 30, 2022, 10:54:30 AM
#50
Quote from: BD Crypto on April 27, 2022, 02:34:24 PM
You can easily determine the trend of Bitcoin by observing Tradingview Predictions. There are a lot of chart and news based predictions available in trading view. Following then we can have an idea about the market trend.
why we should not do this by ourself , so we could learn analizing chart not only depend on analisys from other traders. its simple to identify trend, only using trend line or moving average. before we draw trend , maybe analizing market structure could make it more valid. bearish trend will have structure lower high and lower low,meanwhile bullish structure higher high and higher low. only by look this point we know in which trend market running.
jostorres
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Re: The trend is your friend if you know how to identify it))
April 30, 2022, 10:16:40 AM
#49
Quote from: aliborn on April 21, 2022, 12:34:30 PM
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.
Sometimes the hype might not be it; there are times you would see what seems to be a trend but after it would end up not being it. Although for me, it depends on whether you’re talking about Bitcoin or altcoins. When it comes to Bitcoin, I don’t bother much about trends, I only look for the time the market is low, because one thing for sure is that Bitcoin always going to trend, so the most important thing for me is to buy it cheap and leave it there while I wait for the uptrend. As for Altcoins, I follow the news and Twitter, they are usually helpful, but it is not easy.
Emitdama
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Re: The trend is your friend if you know how to identify it))
April 28, 2022, 05:25:21 AM
#48
Everyone wants to be able to make predictions when the price of bitcoin is going up or which altcoin is going to be the next trend. Doing this is not an easy work. It’s possible that you can be able to predict the next trend, but it requires a lot of dedication.

I believe that you have Twitter, anyone who is serious about trading and investing in the cryptocurrency market really needs to have Twitter account and follow important groups or accounts that can help you gain information. Then you also need to have knowledge about technical analysis.
adaseb
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Re: The trend is your friend if you know how to identify it))
April 27, 2022, 09:48:35 PM
#47
Yes the trend is your friend and that’s why it’s easy making money in bull markets. They are generally easy to spot and last longer than bear markets. Right now however we are in sideways trading pretty much. A few weeks ago we had a failed low on the daily and then had a failed break on the weekly. So we are essentially flat.

Ranging markets are the most difficult to trade and most people get chopped up. This is why it’s best to wait until $50K breaks or if the $28K support breaks and we head downwards. I am predicting a very slow and ranging summer until Q4 starts.
suzanne5223
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Re: The trend is your friend if you know how to identify it))
April 27, 2022, 03:27:18 PM
#46
Quote from: aliborn on April 21, 2022, 12:34:30 PM
How to determine the trend for bitcoin?
An analysis made to determine the next trend of Bitcoin is just a guess of what may happen because the crypto market can make a certain for no reason. Therefore, no one whatsoever can truly identify or know the next possible trend in the market and if someone does, he did out of luck.

Quote from: aliborn on April 21, 2022, 12:34:30 PM
Share tools or your opinion on determining the turn for bitcoin.
The major things use to analyze the market are Technical, Sentimental, and Fundamental analysis. Although we have some people that use some special tools like mining difficulty to analyze the market's next possible trend.

Quote from: aliborn on April 21, 2022, 12:34:30 PM
The topic is interesting because correct knowledge of the Bitcoin trend will help predict the direction for 98% of altcoins according to my observations.
Yes, the topic may be interesting but there's no 98% chance of knowing the direction or next trend of the crypto market.
BD Crypto
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Re: The trend is your friend if you know how to identify it))
April 27, 2022, 02:34:24 PM
#45
You can easily determine the trend of Bitcoin by observing Tradingview Predictions. There are a lot of chart and news based predictions available in trading view. Following then we can have an idea about the market trend.
Tellek Garing
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Re: The trend is your friend if you know how to identify it))
April 27, 2022, 12:34:39 PM
#44
Quote from: Lexurdania on April 26, 2022, 05:59:02 PM
Quote from: Tellek Garing on April 23, 2022, 04:32:47 PM
Cryptocurrency market trend is a great tool to determine what market to jump in on, but in doing so there are some signal tools to follow and you can also check on coin market cap to see top performing altcoins and make your choice from there and always follow your own decisions when it comes to choosing what coin to invest in.
following trend mean we following whales movement, dont againts them that have huge balance in their wallet. following coins or token that hype in coinmarketcap or coingecko also be simple technique to market movement,maybe trending search be an indicator to show majority  crypto community move to where.
Market trend is one of the most essential tool to a trader if any trader can master the market trend you can easily flow with the wave and cash in on the gains.

Every market situations is an opportunity to act as a skilled trader but the direction you act is what matters.
Once you can master the market chart and how it works you are good to go.
Cling18
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Re: The trend is your friend if you know how to identify it))
April 27, 2022, 10:55:08 AM
#43
Quote from: tygeade on April 27, 2022, 12:31:25 AM
Quote from: Finestream on April 26, 2022, 05:10:44 PM
You still need to be updated on the current events about bitcoin so you will know how to assess if those speculations are quite close to reality or not. Otherwise, you will fall believing in a wrong trend that may lead you into more future losses. However, if you end up having the correct trend in bitcoin, from your technical and even fundamental analysis, that will be your asset so you that you will make most of your trades become profitable, and only few losses.
It’s only people who are very active in the social cryptocurrency community that would be able to get information on things like this, if you’re not steady looking into the current happenings in the market, you wouldn’t be able to tell when it is exactly that there would be a trend for a cryptocurrency. You have to be really active on social platforms and be read cryptocurrency blogs on a regular basis for information of such, and you also need to make use of tools that would help you to be able to predict what would happen in the market.

Bitcoin is always connected to online events so updates will always be available online as well which is actually convenient and easier for us to access. Crypto news is always posted on different social media platforms so we could check on them easily. Different events affect the price of Bitcoin so it's necessary to check on them online all the time. The cryptocurrency community is huge but would help us track the possible Bitcoin movement in the future as long as we're getting reliable details from reliable sources.
nur rochid
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Re: The trend is your friend if you know how to identify it))
April 27, 2022, 10:40:05 AM
#42
Quote from: tygeade on April 27, 2022, 12:31:25 AM
Quote from: Finestream on April 26, 2022, 05:10:44 PM
You still need to be updated on the current events about bitcoin so you will know how to assess if those speculations are quite close to reality or not. Otherwise, you will fall believing in a wrong trend that may lead you into more future losses. However, if you end up having the correct trend in bitcoin, from your technical and even fundamental analysis, that will be your asset so you that you will make most of your trades become profitable, and only few losses.
It’s only people who are very active in the social cryptocurrency community that would be able to get information on things like this, if you’re not steady looking into the current happenings in the market, you wouldn’t be able to tell when it is exactly that there would be a trend for a cryptocurrency. You have to be really active on social platforms and be read cryptocurrency blogs on a regular basis for information of such, and you also need to make use of tools that would help you to be able to predict what would happen in the market.
the most difficult to determine when the reversal occurs, when and after we can see a new trend again. many traders go with the trend and few go against the trend to make a little profit. therefore to find out the trend that is happening we can usually draw a trend line, and place support or resistance on a candle resistance, which is usually shown by the movement of the candle in only one area.
tygeade
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Re: The trend is your friend if you know how to identify it))
April 27, 2022, 12:31:25 AM
#41
Quote from: Finestream on April 26, 2022, 05:10:44 PM
You still need to be updated on the current events about bitcoin so you will know how to assess if those speculations are quite close to reality or not. Otherwise, you will fall believing in a wrong trend that may lead you into more future losses. However, if you end up having the correct trend in bitcoin, from your technical and even fundamental analysis, that will be your asset so you that you will make most of your trades become profitable, and only few losses.
It’s only people who are very active in the social cryptocurrency community that would be able to get information on things like this, if you’re not steady looking into the current happenings in the market, you wouldn’t be able to tell when it is exactly that there would be a trend for a cryptocurrency. You have to be really active on social platforms and be read cryptocurrency blogs on a regular basis for information of such, and you also need to make use of tools that would help you to be able to predict what would happen in the market.
Vaskiy
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Re: The trend is your friend if you know how to identify it))
April 26, 2022, 06:59:12 PM
#40
As stated by OP, if one can predict the market movements of bitcoin it is the key for the majority of the altcoins. But, the moves won't be happening same everytime. We need to learn about the market changes happening with altcoins in accordance to the movements happening with bitcoin. If bitcoin experience a 10% growth, the altcoins won't be experiencing the same and vice versa.

Rather than looking for tools, the market observation is the major thing that lets one to understand better about the market movements. These days influencers were the one making big impact over altcoins for short term, so following them will let users make short term profits. Also there is high risk, because we don't know on what basis the Influencer have invested as there are paid influencers working for altcoins.
Lexurdania
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Re: The trend is your friend if you know how to identify it))
April 26, 2022, 05:59:02 PM
#39
Quote from: Tellek Garing on April 23, 2022, 04:32:47 PM
Cryptocurrency market trend is a great tool to determine what market to jump in on, but in doing so there are some signal tools to follow and you can also check on coin market cap to see top performing altcoins and make your choice from there and always follow your own decisions when it comes to choosing what coin to invest in.
following trend mean we following whales movement, dont againts them that have huge balance in their wallet. following coins or token that hype in coinmarketcap or coingecko also be simple technique to market movement,maybe trending search be an indicator to show majority  crypto community move to where.
GeorgeJohn
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Re: The trend is your friend if you know how to identify it))
April 26, 2022, 05:51:46 PM
#38
Quote from: zaesvlas on April 23, 2022, 09:22:31 AM
It's very well described in the title of the thread. In general, many tools can be called friends if you work with them correctly and know how to use them.
The problem is that before you perfect the tools you are emphasising on it and it gives you the kind of results you wanted,  you
Most put yourself together, a tool can be nice or good when you know the applications, a friend who high intellectual quotient that wants to educate you, you will grab it well, but a situation whereby they know nothing it's very obvious that you will follow their pathways
Finestream
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Re: The trend is your friend if you know how to identify it))
April 26, 2022, 05:10:44 PM
#37
Quote from: Jating on April 21, 2022, 06:43:41 PM
Quote from: aliborn on April 21, 2022, 12:34:30 PM
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 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 still need to be updated on the current events about bitcoin so you will know how to assess if those speculations are quite close to reality or not. Otherwise, you will fall believing in a wrong trend that may lead you into more future losses. However, if you end up having the correct trend in bitcoin, from your technical and even fundamental analysis, that will be your asset so you that you will make most of your trades become profitable, and only few losses.
wxa7115
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Re: The trend is your friend if you know how to identify it))
April 26, 2022, 04:32:40 PM
#36
Quote from: aliborn on April 21, 2022, 12:34:30 PM
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.
There are indicators that already exist which are devised with the idea of identifying a trend early on so you can get in at the beginning stages and make money that way, so maybe it should be a good idea that you look into them and see if one of them is up to your liking.

Now there are some people that do not use indicators and instead use the price exclusively to determine if we are in a trend or not, but regardless of the system that you decide to use remember to be careful as there is no way to predict the trend and its strength every single time.
doomloop
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Re: The trend is your friend if you know how to identify it))
April 26, 2022, 11:39:55 AM
#35
Quote from: TheUltraElite on April 23, 2022, 05:54:33 AM
Trend is not always fixed. You can say that since bitcoin is going up, after 10mins it is also going to go up - changes can occur suddenly. But the time factor is important here. If you are going for the long term, like I said, you can profit from the trend by knowing when to buy and sell.
If you are aware of the trend, like if it is going up or down, as soon as it starts to happen, then you could definitely make some money. The small moves of crypto is common, so if you think that it is going down, and catch it right it drops 0.1% or something, then get out at 3% drop, then you could make profit, same thing when it is going up. Doesn't mean that it would have to be very well designed, it could be a bit different and difficult but at the end of the day we are going to see the momentum change so you will have to catch that quickly. I am not saying that you can't, but it is not that simple and it will require a lot of talent.
TheGreatPython
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Re: The trend is your friend if you know how to identify it))
April 25, 2022, 03:21:34 PM
#34
Quote from: Viscore on April 23, 2022, 04:37:03 PM
By keeping updated of the current news and events, then you are also going to learn what's the trend. And if you will look for the trend for bitcoin, always monitor its chart and stay active on the social platform. And through visiting sites that create bitcoin predictions, you will also learn the latest trend in bitcoin. Most especially, if you engage yourself in bitcoin blogs or watch some of them, they'll bring out the trends in bitcoin.
The news can be helpful at times. There are some trends I would see in the market and I would decide that it is best for me to quickly hop on the trend for a short time and after I have made some profit I would quickly leave. Although there are times that I would leave and the market would continue to increase, but I never regret such moments because I know for sure that it isn’t something that I should ever bother about because my main target is usually to get whatever little profit I can make before the market of the coin I have invested in would start going. So, it is very important.
Viscore
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Re: The trend is your friend if you know how to identify it))
April 23, 2022, 04:37:03 PM
#33
Quote from: livingfree on April 21, 2022, 01:02:54 PM
Quote from: aliborn on April 21, 2022, 12:34:30 PM
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.

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.
By keeping updated of the current news and events, then you are also going to learn what's the trend. And if you will look for the trend for bitcoin, always monitor its chart and stay active on the social platform. And through visiting sites that create bitcoin predictions, you will also learn the latest trend in bitcoin. Most especially, if you engage yourself in bitcoin blogs or watch some of them, they'll bring out the trends in bitcoin.
Tellek Garing
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Re: The trend is your friend if you know how to identify it))
April 23, 2022, 04:32:47 PM
#32
Cryptocurrency market trend is a great tool to determine what market to jump in on, but in doing so there are some signal tools to follow and you can also check on coin market cap to see top performing altcoins and make your choice from there and always follow your own decisions when it comes to choosing what coin to invest in.
teosanru
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Re: The trend is your friend if you know how to identify it))
April 23, 2022, 04:16:41 PM
#31
Quote from: aliborn on April 21, 2022, 12:34:30 PM
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.
Trend can basically be divided into three types which is based on time frames, one is the long term trend which you can find out seeing either the monthly or weekly chart, then there is mid term trend which can be found on daily chart or 12h chart and then there is short term trend which can be found on 4h chart or 2h chart. But determining the trend in all the time frames is based on the same technique, which is going the pattern. To confirm an ascending trend, you'll have to find a series of higher highs and higher lows & for a descending trend find a series of lower higher and lower lows, anything which is not able to satisfy this condition is basically an unconfirmed sideways trend.
AicecreaME
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Re: The trend is your friend if you know how to identify it))
April 23, 2022, 10:03:39 AM
#30
Quote from: aliborn on April 21, 2022, 12:34:30 PM
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.

RSI (14), to spot divergence. Check your price chart, look for higher highs and higher low for uptrend, and lower highs and lower lows for downtrend. You could also see it on the volumes, the supply and demand of each coin. Honestly, determining a trend is easy, especially if you're updated on news and on their twitter update for their recent projects that could help the coin to pump or dump.
zaesvlas
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Re: The trend is your friend if you know how to identify it))
April 23, 2022, 09:22:31 AM
#29
It's very well described in the title of the thread. In general, many tools can be called friends if you work with them correctly and know how to use them.
TheUltraElite
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Re: The trend is your friend if you know how to identify it))
April 23, 2022, 05:54:33 AM
#28
Quote from: aliborn on April 21, 2022, 12:34:30 PM
How to determine the trend for bitcoin?
Your topic title and your first question shows that you are confused, which I understand. Cheesy

Quote
Share tools or your opinion on determining the turn for bitcoin.
Usual technical like RSI, MA along with the market greed index, but do check the charts and see what was actually happening before that. If you are trying to follow the trends for short term gain you are risking more than you can profit. Trends are used better on advantage if done in long term.

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.
Trend is not always fixed. You can say that since bitcoin is going up, after 10mins it is also going to go up - changes can occur suddenly. But the time factor is important here. If you are going for the long term, like I said, you can profit from the trend by knowing when to buy and sell.
palle11
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Re: The trend is your friend if you know how to identify it))
April 23, 2022, 05:27:54 AM
#27
Quote from: aliborn on April 23, 2022, 01:09:48 AM

Using multiple timeframes can bring us closer to understanding the trend, its beginning and end.

It seems to me the basic thing with which I want to understand. Could you tell us about your experience in using multi timeframes?

Especially longer time frame like weekly and monthly. They give the direction of price wave and this will happen at the long term except that there will be a news that can shift the move for sometime and after that the move continues but the risk for traders who feel very comfortable with the price directional movement and not guiding their trade with stoploss is that at the change of direction, then they begin to lose heavily.
Mpamaegbu
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Re: The trend is your friend if you know how to identify it))
April 23, 2022, 04:41:07 AM
#26
Quote from: aliborn on April 21, 2022, 12:34:30 PM
How to determine the trend for bitcoin?
The trend for Bitcoin has always been up for over a decade now. This is why veteran investors will tell you they don't look at charts before buying Bitcoin. They just buy whenever they have need of it. Only a few of them look at charts to take profit while most of them are less concerned about price when buying. Since trend is up for Bitcoin, it simply means no one can be wrong buying at any point of entry or level.

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.
Yes, your observation is right. Sometimes I use that technique too if I need to acquire more units of whatever token I'm hodling which aren't "chartable" on my app. I just monitor Bitcoin chart to have a vague knowledge of where that token price could be moving to.
Alisha-k
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Re: The trend is your friend if you know how to identify it))
April 23, 2022, 02:07:40 AM
#25
Fundamental analysis is a good tool for me following events and news to determine the next trend. It's even best for long term holding. I see technical analysis as a short term trading plan and will always want to play with emotions at constant interval especially if it is not used with news
aliborn
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Re: The trend is your friend if you know how to identify it))
April 23, 2022, 01:09:48 AM
#24
Quote from: GreatArkansas on April 22, 2022, 09:05:37 PM
Quote from: aliborn on April 21, 2022, 12:34:30 PM
How to determine the trend for bitcoin?
(....)
For me, using multiple timeframes will help you to identify the trend here.
Using also the volume indicators, using moving average on volume will help too.

When you are using multiple timeframes, especially using a higher timeframe is very helpful because you will zoom out the chart and you gonna look at the higher timeframe first the trend, especially is it trading above the support or resistance? Or in sideways.

Using multiple timeframes can bring us closer to understanding the trend, its beginning and end.

It seems to me the basic thing with which I want to understand. Could you tell us about your experience in using multi timeframes?
aliborn
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Re: The trend is your friend if you know how to identify it))
April 23, 2022, 01:04:51 AM
#23
Great response to the topic and so much useful information!

Many said about the news, I did not pay so much attention to them. I pay more attention to the correlation of bitcoin and S&P 500
GreatArkansas
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Re: The trend is your friend if you know how to identify it))
April 22, 2022, 09:05:37 PM
#22
Quote from: aliborn on April 21, 2022, 12:34:30 PM
How to determine the trend for bitcoin?
(....)
For me, using multiple timeframes will help you to identify the trend here.
Using also the volume indicators, using moving average on volume will help too.

When you are using multiple timeframes, especially using a higher timeframe is very helpful because you will zoom out the chart and you gonna look at the higher timeframe first the trend, especially is it trading above the support or resistance? Or in sideways.
Fatunad
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Re: The trend is your friend if you know how to identify it))
April 22, 2022, 05:59:21 PM
#21
Quote from: palle11 on April 22, 2022, 04:24:56 PM
Quote from: JooBra on April 22, 2022, 11:37:12 AM

That's it. I think that is what is needed to be in position to be a good trader. At the end it's so simple, just be out there follow the news know TA and follow the trend. I think people overcomplicate it in general and made bad calls.

Sorry it is not that easy like you wrote and make it to appear, no. If it is easy then more traders will be going home more than those that are losing . Trading by every means is not easy business area and everything about it is not a guarantee to make profit. This is what traders believe especially newbies who think all about profit and they jump in to every trade and regret.
Very common behavior for a newbie to have on which they do really believe that it was really that easy to make profits via trading and soon they would realize it on the time that they had stepped their foot into the market
and would realize and that it wont be a simple thing and its true that trading isnt for everybody on which you would really be needing to be wise and and vigilant on price movements.
Trend hunting might sound easy but with technicals but we know that it wont give out 100% precision when it comes to that.
DoublerHunter
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Re: The trend is your friend if you know how to identify it))
April 22, 2022, 05:55:55 PM
#20
Quote from: aliborn on April 21, 2022, 12:34:30 PM
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.
^ To determine the BTC trend, you should stick to the fundamental analysis and confirm it using technical analysis.
There are a lot of references to follow if you are closely watching the market and how to determine the possible trend, the FA tools for analyzing the price are very helpful and give you a near-to-close prediction. Nevertheless, the other good points have been suggested above and I hope you will also have your own research and apply this in your analysis on determining the possible price in the future and it could be the result of being a good trader.
palle11
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Re: The trend is your friend if you know how to identify it))
April 22, 2022, 04:24:56 PM
#19
Quote from: JooBra on April 22, 2022, 11:37:12 AM

That's it. I think that is what is needed to be in position to be a good trader. At the end it's so simple, just be out there follow the news know TA and follow the trend. I think people overcomplicate it in general and made bad calls.

Sorry it is not that easy like you wrote and make it to appear, no. If it is easy then more traders will be going home more than those that are losing . Trading by every means is not easy business area and everything about it is not a guarantee to make profit. This is what traders believe especially newbies who think all about profit and they jump in to every trade and regret.
maydna
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Re: The trend is your friend if you know how to identify it))
April 22, 2022, 12:52:08 PM
#18
I guess you just have to look at the market situation, and if the line is decreasing and doesn't stop, it means the bitcoin trend is down and vice versa. But I also find it is a bit difficult to determine which direction the bitcoin trend is going because it will depend on where the bitcoin price will move and what traders will do. It will not be easy to predict the market's direction because the trend may change in the opposite direction in a few minutes or hours. But charts are your friend in analyzing market conditions.
JooBra
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Re: The trend is your friend if you know how to identify it))
April 22, 2022, 11:37:12 AM
#17
Quote from: livingfree on April 21, 2022, 01:02:54 PM
Quote from: aliborn on April 21, 2022, 12:34:30 PM
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.

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.
That's it. I think that is what is needed to be in position to be a good trader. At the end it's so simple, just be out there follow the news know TA and follow the trend. I think people overcomplicate it in general and made bad calls.
joeperry
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Re: The trend is your friend if you know how to identify it))
April 22, 2022, 11:30:43 AM
#16
I usually looks to other ideas online where they share their analysis and compare it to my analysis if there is a similarity with our ideas but to answer your question how to identify a trend is simple using a support and resistance trend and a few confirmations would you already know that what trend it is or if it is on reversal already.
Wexnident
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Re: The trend is your friend if you know how to identify it))
April 22, 2022, 10:45:22 AM
#15
I mostly use https://www.coindesk.com/ and trading view. I used to look for articles from Cointelegraph but eh, it just kinda dropped on me. Though now it isn't really related to investing in Bitcoin or anything, I just read it just because I want to get updated on the latest news about crypto. Investment in Bitcoin became a DCA kind of thing, so I didn't really have the need to worry about whether it's trending or not, I just invest. There's also the option of basing it on historical data, which is much easier to get and analyze imo, and it's an investment for the long term, so you don't really have to stress about trading all the time.
palle11
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Re: The trend is your friend if you know how to identify it))
April 22, 2022, 10:07:31 AM
#14
For bitcoin I don't know if there is exact way to know the trend especially when halving has come and gone. The trend is usually bull when there is a halving and the whole of market expect that after few months that the price will go up and after that a correction is likewise expected. This happened during 2017 and repeated currently. So I think those are sure trend to watch out for in bitcoin.
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Re: The trend is your friend if you know how to identify it))
April 22, 2022, 09:19:23 AM
#13
Trading is one of the hardest things because its all about your knowledge and decision making so if you learn basic trading we know that trend is your companion but again they are just signals we called which is the use of the Technical Analysis by that it already give you an insight what are the next pattern also it is ideal if you keep updating with the news some of those take you an advantage regarding the upcoming long sell or buy positions. Always invest with your knowledge this will prevent and lessen the risk for your decision making.
zaesvlas
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Re: The trend is your friend if you know how to identify it))
April 22, 2022, 07:16:57 AM
#12
There are a lot of instruments in trading that can be considered friends Smiley The main thing is to really "be friends" with them.
ningrum
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Re: The trend is your friend if you know how to identify it))
April 22, 2022, 03:37:08 AM
#11
Quote from: sulendra12 on April 22, 2022, 12:23:03 AM
Quote from: aliborn on April 21, 2022, 12:34:30 PM
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.
When we dive into cryptocurrency it is very important indeed to follow the news,
because positive or negative news has a considerable influence in the movement of the crypto market,
what is certain is that for now it is easier to get crypto news because there are also many circulating on the internet
so98nn
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Re: The trend is your friend if you know how to identify it))
April 22, 2022, 03:18:06 AM
#10
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.
sulendra12
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Re: The trend is your friend if you know how to identify it))
April 22, 2022, 12:23:03 AM
#9
Quote from: aliborn on April 21, 2022, 12:34:30 PM
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.
bittraffic
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Re: The trend is your friend if you know how to identify it))
April 21, 2022, 11:55:22 PM
#8

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.
rhomelmabini
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Re: The trend is your friend if you know how to identify it))
April 21, 2022, 10:45:41 PM
#7
Quote from: BitMaxz on April 21, 2022, 05:28:42 PM
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.
tranthidung
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Re: The trend is your friend if you know how to identify it))
April 21, 2022, 09:09:20 PM
#6
Quote from: aliborn on April 21, 2022, 12:34:30 PM
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.
Jating
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Re: The trend is your friend if you know how to identify it))
April 21, 2022, 06:43:41 PM
#5
Quote from: aliborn on April 21, 2022, 12:34:30 PM
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 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.
BitMaxz
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Re: The trend is your friend if you know how to identify it))
April 21, 2022, 05:28:42 PM
#4
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)
stomachgrowls
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Re: The trend is your friend if you know how to identify it))
April 21, 2022, 05:13:04 PM
#3
Quote from: aliborn on April 21, 2022, 12:34:30 PM
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.

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.
livingfree
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Re: The trend is your friend if you know how to identify it))
April 21, 2022, 01:02:54 PM
#2
Quote from: aliborn on April 21, 2022, 12:34:30 PM
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.

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.
aliborn
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Re: The trend is your friend if you know how to identify it))
April 21, 2022, 12:34:30 PM
#1
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.
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