TIPS TO PROFIT DURING A BEARISH MARKET - page 4.

Slow death

legendary

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Quote from: Teawhalee on September 24, 2018, 04:51:49 PM

2.Follow News :
It is basic for every cryptocurrency trader and investor to always follow the news especially for the sake of the cryptocurrencies they have invested in. Its good to follow steadily and closely through all social medias, Google News Alerts , RSS channels, and many more. This will help you to be updated with prices , latest development about the project and cryptocurrency community at large.

I agree, in the crypto market is very important to be updated on everything that is happening, the war of bitcoin cash and many other pump and dump already showed us that it is a must to follow the news and be psychologically prepared for any news that the person read

Quote from: Teawhalee on September 24, 2018, 04:51:49 PM

So its necessary to compare past and present record to determine what might happen next and steps to take. This has proven to show high accuracy rate.

Here in this part, people look at past movements and prices and believe that everything will repeat itself, that is because last year the price reached $20,000 so this year will be the same thing, but this is a big mistake and the people should not think so

adaseb

legendary

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Looking at the Bitmex funding history, it looks like there are more shorts now than longs and it seems people are very close to shorting the bottom pretty much and there can be a short squeeze. So its more or less the complete opposite what happened in the last 2 weeks.

Everybody was bullish due to the upcoming BAKT and "November always being bullish month for BTC" that the funding rate was positive a few times, meaning more longs than shorts and look what happened.

Right now it looks like the short might get squeezed and either go up or head back down. The point is not to short at the bottom but wait for a bounce first.

eminemcookie

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Quote from: btc_angela on November 21, 2018, 06:04:51 AM

Quote from: eminemcookie on November 21, 2018, 04:44:41 AM

The best strategy to use in this market is to short. It's high risk but high reward. Trying to time a buy correctly to hit a spike is very hard to do because the price is falling in general. When trading you should always try to go with the direction of the overall market or else you're going to be fighting a losing battle.

I don't know mate, shorting at this market condition is not the best advise. Well if you're a experience trader then you can do it, but the risk is far higher for a common or casual trader like the majority of us. You need to be very careful on what coins you gonna choose and you have to be very quick as well. Yes, Bots can help you out but its a different story. But for me, the best method if you're not than well verse in trading is just sit it out till the market call or just go long and wait for the bull run.

Agreed, it's actually the approach I've taken because I'm not comfortable shorting the market. But a lot of people are interesting in short-term profits rather than a long-term approach, so for that they're going to have to try and short. Trying to time a pump is not going to be easy at all.

Aivaryamal

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Good tips, thanks to the author. The main thing is not to lose the mood and believe that in the world of digital money we are only at an early stage of development

maydna

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Quote from: Nellayar on November 21, 2018, 06:58:49 PM

We cannot take profit in bear market! If we have then it is only few. What we need right now is to hold. I sold my tokens when it was 500 sats because I thought it will fall to 200 sats. However, I am wrong because few days have gone by, it soar up to 1500 sats before it goes down. I am emphasize here is that, we need nothing to do in bearish period but to hold our tokens.

So you need to analyze deeper next time because not all coins will decrease in the next minute because sometimes, some coins can increase higher and then get dumps too deep. In the bearish market, we could still make a profit and as long as we can buy at a low price and we can use the analyze for what is happening in the market, then I am sure that we can get that profit. But yes, it will need more analysis to find out the next trend so we can decide to hold, to buy or to sell.

candy69

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If you are a newbie and not well-experienced then you should avoid bearish market, as it wouldn't be suitable for you and in the end you will suffer losses. So, be careful and watch the market closely and then take decision.

Nellayar

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We cannot take profit in bear market! If we have then it is only few. What we need right now is to hold. I sold my tokens when it was 500 sats because I thought it will fall to 200 sats. However, I am wrong because few days have gone by, it soar up to 1500 sats before it goes down. I am emphasize here is that, we need nothing to do in bearish period but to hold our tokens.

BitHodler

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Quote from: coinbirds on November 21, 2018, 04:52:37 PM

On bearish market we can make profit by shorting our coins and buying back cheaper or by day trading using scalping or swing trading .

It sounds so easy, but yet people aren't actually able to benefit from shorting the market, or from swing trading now the volatility is back. People need to admit that they suck at trading, which isn't something to be afraid of to admit.

Out of curiosity I have used an app allowing me to trade with virtual--nonexistent funds, and I have done well to avoid trading with real money, because my trading adventure with that app once again proved that I will rekkt myself.

What's wrong with simply buying the market down? If you allocate 5-10% of your balance to buy every $250 dip from current levels, I am sure that you will eventually buy the bottom if we aren't done tanking yet.

kotajikikox

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Best opportunity to buy altcoins now for long term hold not for day trade because price will dumped at very lower price value last few days. Grab this opportunity before tool ate i think last month of this price will slightly pumped.

Finestream

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Quote from: macstrong12 on November 21, 2018, 01:22:04 PM

Starting as a beginner in a bearish market is not a wise decision in my view , I think market needs to be more stable to be a good platform for traders , it is always harder to fishing in a stormy weather .

Of course it won't be a good timing though.Trading is the best method of gaining profits in cryptocurrency but looking the market all in red again,i think let's wait for the market to be stable again before you trade.Following the news or monitoring the graphs or price charts can also help us decide either we can make a good trading at this moment or just wait for the right timing to trade.

coinbirds

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On the bearish market we have to be very cautious with holding as it can last long and the price of the coins could potentially decrease even 80-90 %.
We had such situations several times during previous bear markets.
On bearish market we can make profit by shorting our coins and buying back cheaper or by day trading using scalping or swing trading .

arpon11

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We have this saying in forex " the trend is your friend " and we can still applies the samething to cryptocurrencies trading. If you follow the trend there is no way you will not make profits. Trend are in three face. We have the bullish trend, the bearish trend and the sideways trend and you have to understand the indicators that push the market into any of trend in other to maximise your profits.
Remember that in bearish market you only make profits if you are trading usdt/ bitcoin or usd/bitcoin and not in other ways. Goodluck.

timmydakolo2

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macstrong12

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Starting as a beginner in a bearish market is not a wise decision in my view , I think market needs to be more stable to be a good platform for traders , it is always harder to fishing in a stormy weather .

asyakashi

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Quote from: Charlie3 on November 21, 2018, 06:42:21 AM

watching current bearish trend in market its good that newbie like me should not try to make money in this situation i will wait until there is major correction

very tiring looking at the market today. this is not a problem for beginners, anyone will feel fed up with this drama. the decline in bitcoin this month has been the lowest since 2018. many predict that the decline will continue to maybe $ 3000.

Pursuer

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Where is my ring of blades...

you shouldn't confuse a bearish market with a dumping market though.
a dumping market is unique to cryptocurrencies while bear market is not. in a bear market the price is going down and we know that because of the analysis of the market. for example after a bubble burst and a correction of sorts we see a bear market. but a dumping market is when there is a pump and dump going on and they are dumping an altcoin. in such market which is 100% manipulation, everything you know goes out of the window because none of it is valid anymore.

SubjectL0rilyn

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Charlie3

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watching current bearish trend in market its good that newbie like me should not try to make money in this situation i will wait until there is major correction

btc_angela

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Quote from: eminemcookie on November 21, 2018, 04:44:41 AM

The best strategy to use in this market is to short. It's high risk but high reward. Trying to time a buy correctly to hit a spike is very hard to do because the price is falling in general. When trading you should always try to go with the direction of the overall market or else you're going to be fighting a losing battle.

I don't know mate, shorting at this market condition is not the best advise. Well if you're a experience trader then you can do it, but the risk is far higher for a common or casual trader like the majority of us. You need to be very careful on what coins you gonna choose and you have to be very quick as well. Yes, Bots can help you out but its a different story. But for me, the best method if you're not than well verse in trading is just sit it out till the market call or just go long and wait for the bull run.

Sadlife

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The easiest way to profit even still in bearish market is to just stop trading and wait for the rock bottom of the massive dip. Once the sell out is over by the whales a bull run will surely to follow. Even in day trading there are instances when the price will have an uptrend for a while then go down so better be alert.

Topic: TIPS TO PROFIT DURING A BEARISH MARKET - page 4. (Read 1016 times)