Topic: TREND is our Friend (Read 733 times)

No one can refuse this sentence that Trend is the friend of trading. But we should know the perfect trend by learning to trade. Many traders are trading for short-term and that's why they have been mistaking to identify the real trend.
We need to find out the real trend in a long time frame to avoid a fake trend.

Technical analysis is one of important to learn in trading industry it can give you idea when the best time to enter in the market, but it not easy to do this because not all technical analysis are accurate do this at your own risk. The good thing to make trend friend to you is to learn it carefully honestly Im not a pro trader but I can make profit even in bearish trend.

If that people can take advantage from trend that will come, or maybe can predict about it. That person can be best friend with trend because he can take profit from any trend that come to market.

You can definitely make a decent amount of profits, if you can catch the trend. You have to spend a lot of time watching the market then you can catch the trend. Timing is very important in such situation.

Yes trend is a very essential things in trading. Who can got trend he can earn profit always even in bear market which is said by OP.  Always we should understand trend for better trade.
Sometimes we need to follow btc trend and sometime Alt coins trend. Sometime Alt follow btc uptrend and sometime Alt coins works again Btc trend that means  btc pump Alt dump. So by one speech  that trend is a part and parcel of trading .

Trend is good indicator of bitcoin price prediction but we should know that trends are likely to repeat but there is no surety. It may go other way round too.
If you are a trader and you are following the trends, you should always be ready for some manipulation which can be from the whales. As whales always take a move for their own benefit, which the market is not expecting.

Going with the flow of trend happening in today situation will be the best for every investor because anyone who is adopting fees for the current situation will be the winner and he can be the person to make the money so the trend is always changing in a lots of time so we need to adapt yourself for the trend.

You had made valid point here as regards trend trading I am also a trader who had mastered how to identify trend in TA mostly using higher high, higher low, lower high and lower low HH,HL,LL and LH  with and MOVING AVERAGE indicator this had been very helpful because its very advisable to trade along with trend irrespective of whether the market is bullish or bearish however one of the greatest mistake of some traders is countertrading i.e trading against the trend which is very counterproductive and had burnt or vipe off a lot of accounts,
However getting to identify trends requires a lot of training and practice but with dedication and hardwork such knowledge wouldn't take long to be achieved.

It is always happening everywhere, the news is the number one source that can manipulate everything even in the slightest event. That's why if we have to trade we have to look at the recent news and look for the authenticity of it because sometimes news is the one also who can change the real story.

Yup! Some of these trends can be manipulated by big players to have gullible small ones jump in only to get stuck when these biggies decide to let go. That's why information is very important. Don't just rely on what's currently happening and what's making the market move.

Well to be honest You are telling the truth but that might not always be the case. Speculation on terms of trends doesn't seem like a bad idea but be careful of pump and dump groups, as much as possible you can ring information in there but never ever join their trades from where they are going to uphold it. It's a simple bait yet many still falls for it. Also avoid join crowding as much as possible, and invest at your own risk.

I've lose good amount of money since I started joining in crypto, I'm still decided to hold and wait until the price recovered. Instead of getting discouraged of the current trend, I prefer to take it as an opportunity to accumulate greater volume. I'm decided to hold in long term, I make sure that all my invest is well secured in my open source multiwallet wallet called Bitcoin. The is the wisest thing to to while price is really low.

       In trading business ,  trending of the graph is most important to understand so that you have a reference for you to make a decision on when to sell and when to buy your coin and what coin were going to hold for long term.

It's easy to say, buying cheap sell expensive isn't as easy as you say. a bullish market for traders can give a big profit because the trend that you think is a friend always shows an increase, then regarding the bearish market here for holding is the right time for them to buy but for traders is panic and most likely profit failure. indeed what you say is true where the bearish market can generate profits, it's just that it's less likely especially for beginner traders who have minimal analysis or prediction.

Reading this, I'm sure you are a short term daily trader. You are not wrong but we can't make that good profits in the way you are saying. We can usually trade with a number of altcoins by understanding them and we can have upcoming profits according to our research.

I don't agree with this
Trading in-the-sense means doing any kind of trades with the asset. Holding can also be called as "Long-term Trading"

If you have good market knowledge and a ability to make deep research than no one can stop you from having profits into trading.

For short-term trading, I prefer to fight the trend because when the trend drops, it is almost certain that there will be a reversal that will occur, and that is our chance to make a profit.

As long as the trend is still running in two directions, up and down, of course crypto will still exist and traders can still get a chance to make a profit. As long as we can take advantage of existing trends, of course our trading activities will run longer. Down trend is the time to enter into the market while up trend is the good time to exit the session.

Good.Here's an effective strategy but not somethimes not simple in implementation : in bear market= actively selling in every upticks and wait for retracements to repeat selling. In bull market = just hodl

You are a trader as you said so you will need them both and not just one.
The bullish run is for selling part and the bearish is where you will buy again.

You cannot just keep on selling since you need to gain them again. It is not jusst a one time profit in trading. Where will you get the next profit if you aint buying anymore?

As I said we need them both. Investors are the ones who needs only the bullish trend after they bought a certain token. After they sell it they will find a new token to invest to.

Market analysis is key when it comes to trading. Most people certainly thinks the only time to make profit is when the market is up. For me, in trading, every time is supposed to be seen as an opportunity, be it in it's bullish or bearish state.
The trend being your friend in trading has been a term used overtime, which has aided traders towards making successive trades.

Trend ? What kind of trend ?  There are two types of trend afaik  .  one is bear trend and the other is bull trend  , both trend do have their pros and cons   . 

For workers like me , i like the bull trend the most because this is the only way i can earn better profits  .

For the invester and traders they like the bear trend because they oftenly buy coins and they want a bang of their bucks .

He couldn't because recognizing the trend isn't always easy. What is the trend now? We had 3 consecutive pumps of Bitcoin price and every time people were saying it's a bart simpson pattern and it's going to get dumped next week. 2 weeks later we are still going up. Trend is your friend but what is the trend?

This might've been suggested before in this thread, but if you're doing things like TA or observing trends, things usually work out much nicer on a longer timeframe (4Hrs +) compared to a shorter timeframe (1m, 5m, etc) on charts. I used to conduct TA and analyze things at much shorter timeframes when I started out trading and I was much less successful than when I began to analyze things on 4H and 1D charts. Many people get tunnelvisioned easily (myself included), but sometimes you just have to zoom out.

Lol. You make it sound too easy. But I bet even you could not execute what you just said. You can't always just follow the trend line. If people could actually do that, then most of the people would actually be rich by now. The trend itself is quite unpredictable. You might see the bullish trend going on and all of a sudden the tides might change and will end up suffering huge loss.

I am not sure if this would be a good alternative but I would suggest gambling. It might sound foolish but this I think would be the way to earn right now with proper mindset ofcourse because if you would be addicted into it, you would surely lose huge amount of money. Just a piece of advice, gamble only an amount that you a afford losing.

do you know a way in order to still make profit despite of the downfall in the cryptomarket?

When it comes to trader, I don't listen from the advise of the successful one because they can be wrong or not telling the truth.
They can make money in the market by trading and no one would tell the right strategy to be profitable when it will affect their profitability also.
Strategy is very important but it varies from time to time, you either go with th trend or fade it and that requires timing.

Then why people like Warren Buffet advice you to trade against the trends?
Trends are the best friend of all the unexperienced traders,who are just following it like sheep,while the best traders don't follow any trends.They follow their strategy.

Trend varies from a day to week to month etc. When looking for a trend we should analysis hourly, daily and weekly trend and apply certain formulas on it which can give you much better idea of the next move of bitcoin or altcoins. However, you should remember that crypto does not completely move with respect to trend as sometimes it is manipulated by whales and also news have a big factor in determining the future price predictions of the coins.

It can even be longer than that dude. And some trends aren't following historic movements anymore. But it's always something that traders can look into for ta's. Makes setting positions a little bit easier.

week is too small time to form a trend. it's 2-4-8 weeks matter.
other things is scalping

So by using the trend, we can follow with what the market wants, and we can also make a profit. But sometimes, it is hard to detect what trend in this week because the market run too slowly and we need to analyze deeper to find the real trend. Sometimes we are making a wrong prediction to detect the trend, but after we learn more and more, the trend will always show us so we can take the benefits from the market.

But most traders would love to see a bull run, day traders can be profitable with just a small jump of price but most of us would like big ROI.
We've seen some successful early adopters therefore we also want crypto to change our life and the reason why we are holding and risking our money here.

Every person has their own thinking but to me I think that the current time is the best time for the new investors. We can see that in current time the market is trading too much stable and smooth, there isn’t  so much ups and down in the market and therefore they can at least get some experience.

Its good if we can encourage new investors to inter in the world of crypto currencies. I think that in current time market need so much support by attracting more and more new investors which can give a good support to the market.

That is not true, traders love bear markets because the price moves even faster so the opportunities to make profits when the market is crashing are very high, just look at all the time it took for the bull market to develop, it took us a full year for bitcoin to reach the price of 20000 but when the price went down it did it at an amazing speed, if you were shorting the market at that point you could have earned a fortune, but for many people it is difficult to think in that way.

sure, trading is not the same as holding.
holding is too simple.

trading takes more nerves =)

there are several rules which will make your trading successfull:
1. create a trading plan
how much are you planning to gain for a certain period of time
what instrument to trade

2. ready to face losses
and set a certain level of loss which you are ready to face while trading

3. analyze the market, use technical analysis (support&resistance levels, ichimoku, etc)
and read analytical reports - at least 3 sources

My point exactly, you don't need a bull run to make profit in crypto, the market price go up and down all of the time, imagine you bought 1 btc at 3500, the next minute it becomes $3600, you dump knowing that the price will drop down in a bit so you can make purchase average.

For beginner trader is difficult to predict the trend, but i suggest is better to trade in crypto market by looking in to historycal the price of old coin like BTC, LTC, XRP, DASH. So by to see it we can predict the next trend. Since crypto market born, there are always bullish and bearish changed. So for now after long bearish, we can predict the next trend is bullish so its times to buy some.coin that has strong fundamental.

No matter what the trends are, if those newbies are not working well they will still lose. Its easy to understand the trend, it can help a lot of trader but you must know the action on what’s next after knowing the trend, whether you sell or buy more. Treat the trend as your guide and not as a threat.

I supported what you said in terms of building trading experience because the crypto market always drift and the analysis which work perfect last year might be useless this year and crypto market is far than buying low selling high because this was the exact thing most newbies trade believed which lead to their losses.

I do agree, Our market situation right now is not ideal for beginner to make profit even small profit. So how would they benefit the market? they often asks this, what i can say is that conduct researches with the alternative investments right now, don't stick with crypto-trading because as i have said its not their ideal environment as of these days.

Is this in general or just what you think? No way all traders have a mindset like that. That's why called "traders".


You can't just say easily to apply buy low sell high in trades. It's easier said than done. You can't just determined that a certain price is the buying rate or selling rate. Plus the factor also that different coins have different price behaviour. What people should do is to have a regular checking of a certain's coin volume in order to have a wild analyzation that a certain price "can be consider" as buying or selling rate.

Patience does matter. Building trading experienced is the key.

It takes a lot of patience and this mostly could work on newbies.
Old time traders expect a lot of profit in a couple of days but not newbies. Even just for a dollar it might be enough just so they could feel happy that they made a successful trade.

It is a slow market. It is difficult to gain a few bucks from the movements. You will need a larger capital to enhance the profit. I stopped for now, it is getting boring. 

There are as many styles of trading as many traders and each of them can become profitable but not all at the same time.

If there is trend then it is meaningless to talk about how get profit from market regarding the idea trend is trader's friend. The more downside pressure increases more panic selling happens and every dip is big opportunity for experienced trader. Just with right strategy it is possible to take advantage of bear trend with short selling on leveraged trading platforms like Bitmex,LCG. Idea is to join trend no matter which direction trend is headed.

the bear market trends are difficult for beginners must have a mature analysis to get know the pattern, researching it must be also more careful and at groups in order to generate profits if working alone will be broken by other groups

I see there is something will be developed and being and Trend in each and every year of cryptocurrency field and it also been an important things to develop and take the cryptocurrency to all over the world so trending is more important for anything special in cryptocurrency it will most useful.

Looking at the data most of the time trends are just getting shorter and shorter with time, we should not forget about that. Look at the time when we were at around 6 thousand dollars and 8 thousand dollars last summer, price moved between 6 and 8, than 6 and 7.4, than 6 and 7.2, than 6.5 and 6.8 and than it moved down. When prices get shorter trends that way they tend to move. After that we now have price that was between 3.2 and 4.2, than 3.4 and 4, than 3.4 and 3.6 now.

It means unless price goes down the only way is up and its coming very soon, so when you are following trends like it is suggested know that price will not always move between same trend numbers and will have a shorter movement after a while and than it will do some big move as well. Take that into consideration when doing trend trading.

That is indeed a best way to gain in this current bear market. But we should also consider the volume of trades done in 24h data so as to not be buying low price coins with dying market.

Yes I agreed, even the market was in down scenario, we can still able to get profit, if we just know the proper way of doing on day trading.
But if you're still on the learning process you can observe first in the actual trade in the platform, try to observe those traders of how they take action when the price is moving in the market volume.

If we want follow what trend said, i think we can be safe from loss. Because if we againts stream, we wouldn't survived and it is happen in crypto trading. But it is all depends on what trader's strategy itself.

Shorting specific coin is hard to workout, there's so many influencing factors that we need to specified, TA can help you to recognize possibilities and potentials but not an assurance  to predict the correct next trend movements, it's all about how well we understand and use the current situation and make it favorable to our position.

Interpretation of the trend mostly bring profits for short term holders,  it's all about skills and good judgement to protect your money in any types of trend that will show up around the market.

We should be indicate the trend by use technical  analysis and we can do swing trading to spend less times.  For pair of bitcoin,  Litecoin, DASH,  and Ethereum is look more profitable if we doing long term trading.  Crypto is bubble so we have to learn more how to indicate the trend and we have know when the price will reversal.

It's just getting more harder to trade because the market is so unstable while we are still in bearish trend. If you manage to get some profit in this bearish market just continue what you are doing so that you will get back your losses. Trading may cost too much if you don't know what you are doing in a certain situation.

Bull and bear runs make it easy to profit traditionally,  but crypto traders miss the equally-good opportunity to profit during flat periods also.  Smaller prices actions seem to be unfavorable for generating profitable trades, and so many traders ignore the chances available in all conditions.

PrimeXBT (https://primexbt.com) have recently launched, and are the newest trading platform to provide leverage trading on cryptos - but not just BTC pairs, and not just 2x/5x etc.  

PrimeXBT allows leveraging on the 5 largest cryptos at up to 100x - with the addition of aggregated liquidity from 12 providers simultaneously.

When price actions are constricted and large moves aren't available, leveraging the trades that are made allow for profitability at levels that would typically be seen during bull and bear markets.  Crypto markets during 2018 went through months-long relatively flat trading periods, and if the only time you'll trade is during bull/bear cycles then this puts you out of the action for months at a time.

As well as leveraging relatively flat trades for multiplied profitability, shorting on all trading pairs at PrimeXBT allows for the construction of more advanced trading strategies still.

The risk involved with leverage trading should not be underestimated though, and having solid risk management in place is not just good advice - it's essential.

Stop all this one line redundant replies to your OP, you've made your point known in the original post,if as it seems you have no other thing to add to that,let the thread be and let others air their views on what you and others have said, if you must reply then it should be something meaningful,not "yeah,you are right" or "thank you",doing that makes the thread look childish.

Yes you are right

Thank you for adding information and opinion. I really appreciate it.

Your talking about doing short time op correct me if I'm wrong! Which is despite of the situation even market still in bearish mode you're still able to gain profits .Actually gaining quick profits on this circumstance isn't easy mate and it depends on the coin you want to play with and it's very emotional than holding for long term especially if you have no enough experience on it.

Thank you for the additional idea and opinion. I agree with you.

Exactly, the line that presents less resistance is the one that we must always follow, it is logical, and that is to understand the market, for that we must take into account the Supply-Demand, and one of the things that helps us is the volume.

Yeah, that is what I have been saying for months now. If you follow the price of bitcoin you will see that when it goes up it goes up to a certain point and when it goes down it goes down to a certain point. Think of it like in blocks and when it breaks one block it goes all the way to the next block. That is why when you have both sell orders and buy orders and stop loss all set for you, you will realize that you would be doing automatic trading based on the trends of bitcoin prices.

For example, if bitcoin price breaks above 3750 I know it will probably break closer to 4000 as well, that is why I would definitely buy. However, lets assume it breaks down the 3700 level it will probably go under 3500 as well, hence I would sell. That type of trend trading really helps me out a lot.

Yes thank you for that additional opinion.

Thank you for the additional & clear information about it.

Absolutely yes loss is inevitable that is why it needs more practice to become successful trader.

Yes emotion and being greedy are the most common reason of failure in trading.

Yes I agree with you. We need to set target amount or percentage that we want to earn. Sometime greediness is the reason of failure in trading. Everyday is an opportunity to earn from up and down of the trend of the market.

Yes thank you and you got my point.

that is the concept of trading, buy low sell high compare to the buying price, we should not aim for a high percentage of income in trading, as long as we can earn everyday then it is enough to fulfill the personal satisfaction in this bear market.

Those that are anticipating for bull run are those people that buy bitcoin at a very high price and they need to recover their fun.  Trend is our friend when we are in speculatives market and not investments.  Cryptocurrencies market will do well if it is in bull run.

definitely it will be success in the future the trend will happened soon and there waiting cryptocurrency investors definitely get their profits at very quick time in the end of this year.

Its difficult to timing the market, we can always make money but the risk is always getting higher as the market keeps on dumping. Whether its uptrend or downtrend, you have to take it seriously and trade with your strategies, always have a good back-up plan is something went wrong don’t lose confidence easily.

We have different views in trading, I don't mind the bullish trend I just wait when the bear comes to enter the market in trading. When you are in the field of trading all you have to do is timing in diversifying other altcoins. Timing is the best part that you might earn a profit and searching news would be better to have an update which coins are going to pump.

Not exactly what it is. I think profit are made in bears just as in bulls but according to what OP's position is, if you spot the trend, you just forget about losing because it must always go in the way of the trend. This my view though.

Its true that for traders that we can make profit in any market condition, the trend and the sideways could be the way to make money, it doesn't need to be on bull run to make money, for investors and holders they need bull market but for trader, they need timing, news and trend

Recently you should act like a majority to gain earnings. For example, think about BTT and ONG. BTT provided 10x profit through the team and product, but indeed it was not worth to the current price. ONG's price  increased from 0.3 to 1.8 due to Binance notifications. It leaves a question that how this related to ability. Actually, just follow the community.

Good Point +1
Buying low and selling high is easy thing to say but most of the time traders get confused in which price the should buy when the price is getting down. People worry of buying and selling it not in the right time.
Talking about potential project (ICO) it is also hard to choose, although you are very sure that the project has great potention but it may not go as expected. As trader and investor, the first thing to do is "ready to lose".

A lot of people have been saying the same thing, buy low sell high blablabla, but the truth is, nobody knows which low or which high we should buy. Instead of stating the obvious we should learn how to determine which time we enter or exit the market. There are several project out there who outperform the trend such as QUANT, CHX or LTO. All of them has a strong fundamental and hype, which denies the bear market trend. So instead of following the trend, you can also look for potential projects and that can give you at least 3x return if you time it right.

Don't believe the trading signals mostly that makes you fail. Learn trading directly from the trader whoever been actively working on day trading. Next to that you may believe the trading community to get the last time picking on your trading pairs.

About trend I always love to be in the bull run time. It make the complete crypto users be in enthusiasm and all makes the profit by the time. Let's hope next bump is in near future.

Seems that you have a good knowledge in trading. May I ask if you are a margin trader? A swing trader or an altcoin trader? If we have a great trading signals like you do, then it is beneficial and profitable to some of us who wish to gain profits even in a downtrend market. And you were right, a good timing of entry or exit in buying and selling helps a lot.

If you have the right tools and you are taking advantage of it, the trend will be the basis how we react and take every opportunity, maybe for some
people who don't understand they are frustrated because the bear extend while hoping for the bull to be more stronger, but those who can see the
benefits and know how to take the risk, both are profitable when you can take into a right timing.

But many people failed in it,they are just in a hurry of doing many trades as much as they possible so they can't make much strategy going and losing their money with the flow,but as a smart trader they need to assist the condition and decide what is best on the spot.

Of course trend could be our friend if we know how to used them to our advantage. Others like to fight trend and still believed that we can get over this bear market overnight, but they're wrong and I'm sure they have lost so much money now because they don't want to admit and chooses to go against the flow.

But even in a bear market, we can make money by shorting or day trading, might be difficult but it's possible to book profits today and let the trend help you that.

That right, trend is our friends so we have to follow it to getting success in trading. By understanding and follow the trend we will know when decide to buy and sell,  in bullis trend we can trade in spot market  but if the trend changed to bearish we should be short the price in leverage trading.

Perhaps, the real trader can make profit in any case. But, in the uncertain situation, is not it a bit difficult? In my opinion moving in right time can make you better trader. Otherwise loss is inevitable.

Shorting a currency is a popular way of making profits from drops in prices. This requires expert speculating as you are selling at the top and buying back when it hits the bottom. Regular trading during bearish markets also requires skills.

It isn't always the case every situation differs from every person. One big factor in trading is that we can't always get rid of those emotions when trading but it isn't that bad. Sometimes it also has good sides like avoiding great risks where you could potentially lose all your money but still saved it by losing some of it. I know it doesn't pay off but the experience you gain from it are priceless. I think it doesn't matter if it's trend or not it depends on the situation as to how can you manage it further.

It's way easier to profit from trading if you are in a bull market, but yeah it's true that still you can make money in a bear market, but the problem with bear markets is low market cap and lower volatility , I remember the time that bitcoin had a 500-800 usd change every couple days at the very least and look at the chart now, btc is stuck in 3.5k range for quite a while now...

Many cryptotraders are waiting for the bull run and they think that bull market is the only way to make profit in trading. But for me TREND is our FRIEND. You can make profit even in the bear market situation. Always apply the buying low and selling high at your preferred percentage or profit. Timing is everything if you will wait for the bull market you probably lost hope in trading. Trading is far different from holding. Those who wait for bull market are holders but if you are a trader you can make profit in bear market. The elements of good trading are cutting losses. Bullishness and bearishness represent an emotional commitment. You should have a good market analysis to gain success in trading. According to Alexander Elder, "Our goal is to trade well, not to trade often."