The overall market sentiment has never been better. But there are obstacles along the way that could delay the price hitting $100,000. Just observe what's happening around. You'll somehow get the sentiment that way. Listen to the talk of the town.
Bitcoin has been repeatedly spoken about by presidentiables now. This is getting bigger. But then there's also the Mt Gox reimbursement. That's a big money that's definitely hitting the market already.
But no worries because the fear isn't that low right now. Accumulation will easily cover for the coins that are currently flowing out.
Topic: What is the overall market sentiment and how can I keep track of this? (Read 458 times)
August 03, 2024, 02:25:01 AM
August 03, 2024, 01:48:04 AM
I've really come so far to studying about the market waves and underwood that there's no strategy or tool that can guarantee you unregretes. It is just all up to you to make up your mind that the state of the market is profit sd lost but a long term holding will always go give you those chances to a better place.
The possibilities of your unregretes is stabilizing your emotions and just patiently keep holding nomatter what the circumstances is until the market make good and excited phase of your expectations.
But the regret will always be either you buy or not buy, such as you make a purchase of Bitcoin from the beginning of this year and do it in a long term and planned for the long term, then Bitcoin jumped the price up to $ 200k, but you can only collect 1 BTC , even though you are able to collect several BTCs, it will sometimes make you regret because you feel that why not buying more before.The possibilities of your unregretes is stabilizing your emotions and just patiently keep holding nomatter what the circumstances is until the market make good and excited phase of your expectations.
But it is far better and not buying once, when the price jumped and does not have BTC it will be much more sorry especially when you have planned to buy BTC but don't do it, I am quite sure you will be very sorry for life.
What I think isn't acceptable is the fact that we are going to end up with not buying, in that case you are not making any profit at all, and you are missing your chance to make some profit.
Comparison is that in one of them you make some profit and on the other you make no profit at all, it is obvious the difference is huge. Of course I agree that if you keep constantly buying, then eventually you are going to make a greater return, it is not going to be easy, it is going to take a while but you could keep on buying more and eventually get a greater result.
People who keep purchasing bitcoin are making a killing, coinbase even has a set "charge X amount to my card every month" type of option, those people are getting rich like hell unless they are selling, that's the right way.
August 01, 2024, 07:51:43 PM
Why should you expect a steady market sentiment when you already know bitcoin to be a volitile asset, and anyone that invest in bitcoin, should be ready for whatever market reaction and should give a long term investment approach, bitcoin is not some get rich quick scheme and for that you need to approach bitcoin investment with a mindset that is devoid of any form of pressure, and you should hold the amount of bitcoin that you can afford to leave untouched for a long period of time and conditions won't affect you in any ways, this are what you should look out for before you decide to hold bitcoin.
And if you ask me about the current condition with bitcoin, I will say that the market looks pretty well and at the moment we may expect to see a more positive future market reaction which should be an indicator that investor's are building more motivations to hold the bitcoin for much longer and compared to holding other currencies.
And if you ask me about the current condition with bitcoin, I will say that the market looks pretty well and at the moment we may expect to see a more positive future market reaction which should be an indicator that investor's are building more motivations to hold the bitcoin for much longer and compared to holding other currencies.
August 01, 2024, 08:11:52 AM
I have been observing the market trend recently and have seen that the patters are not so consistent with what I expected although it has been ranging, but I will like to know when I can easily spot when the market will change direction, is there any indicator I can combine to make a thoughtful decision that I will not regret?
If you have your customised indicator settings you could as well share for the sake of learning.
Trying to spot a time when the market will be making a change in direction, the best and surest way may not be indicators but that which i have seen and trusted all this while is candle stick psychology, if you can get that right, then you can be sure that you are goin to get it right most often than you wouldn't. If you have your customised indicator settings you could as well share for the sake of learning.
Indicators can really be helpful but the parameters for which some of these indicators do uses is mainly based on the psychology of the candle sticks so the summary of the behavior of the candles over a period of time does sum up to getting that overall directional prediction done by speculators and sometimes indicators.
I think it should be noted that we are going to see a lot of people who will end up with a lot of issues if they learn anything wrong, you could literally make the exact opposite of what you should do if you do not know how to use them. That is why I always suggest that we should learn these stuff very well before we start to trade, there isn't really anything that could make it go better for the time being at all.
July 31, 2024, 07:59:23 PM
I have been observing the market trend recently and have seen that the patters are not so consistent with what I expected although it has been ranging, but I will like to know when I can easily spot when the market will change direction, is there any indicator I can combine to make a thoughtful decision that I will not regret?
If you have your customised indicator settings you could as well share for the sake of learning.
Trying to spot a time when the market will be making a change in direction, the best and surest way may not be indicators but that which i have seen and trusted all this while is candle stick psychology, if you can get that right, then you can be sure that you are goin to get it right most often than you wouldn't. If you have your customised indicator settings you could as well share for the sake of learning.
Indicators can really be helpful but the parameters for which some of these indicators do uses is mainly based on the psychology of the candle sticks so the summary of the behavior of the candles over a period of time does sum up to getting that overall directional prediction done by speculators and sometimes indicators.
July 29, 2024, 10:34:11 PM
Quote
Re: What is the overall market sentiment and how can I keep track of this?
There might be some more, but these 3 things are what I'm focusing with when it comes to knowing the market sentiment.1. Fear and greed Index as what many have shared it here.
2. Media hyping up the crypto market. When the media is putting titles like "The start of the bull run", or "Bull run happening", etc. you will feel that the market sentiment is becoming more positive.
3. Social media platforms. If you will see that many people around the world is posting on their accounts like "This is it. The bull run is happening" or "It's happening already" or the like then you will know.
Your instinct can sometimes be a good way of knowing it as well.
July 29, 2024, 04:47:48 PM
What most users will be suggesting here is to do your own research upon all the available indicators and make use of them in getting the best result needed form the market sentiment, also, we must have to consider the rate for taking risk over all these if worth it or not, or can we afford it or not as well, bitcoin remains unpredictable, but the little we could suggest are what we were able to detect from the chart flow over the market price and the crypto season at hand.
Even though the price of Bitcoin itself is always difficult for us to predict even though we have done our own research in this matter, I think from the advice you said it has also been clearly revealed that it all always depends on each person's ability and courage when they want to make a decision such as buying. or sell it at a certain moment. Because crypto market sentiment will not always be the same, even though the potential for large profits that can be obtained for those who want to keep holding Bitcoin tightly enough will always be there.There isn't really anything that could benefit us, after all if we stay out, that means we won't lose or we won't earn, so staying out has no down or up situation and that's why a lot of people prefer that.
But the reality is that we can't grow that way neither, and if we can't grow then how are we suppose to make any money from crypto at all? How are we suppose to have a better life?
We are going to just live the same life and anytime there is a financial crisis in the world we will reset and be poor and try again. But if you take that courage and use it to buy crypto then suddenly you are going to get richer and one day no crisis will matter to you, you will have enough money to not worry about money anymore. This is why I invest into bitcoin, and will keep on investing into bitcoin, there isn't any other better way to make this work, we need to make sure that this works.
Going back into the topic on how you would really be able to track up everything then we would really be having those sites or tools on which it do shows with the current market sentiment on which you could really be able to base up on the things that you would really gonna intend to do on which it would really be just that basing up on the actions that you would really be taking whether you would really be minding about making
up some research and basing your actions into that or would really be mixing up with some intuition or guts on the moment that you would be making up some buy or sell decision.
July 28, 2024, 03:56:34 PM
is there any indicator I can combine to make a thoughtful decision that I will not regret
I've really come so far to studying about the market waves and underwood that there's no strategy or tool that can guarantee you unregretes. It is just all up to you to make up your mind that the state of the market is profit sd lost but a long term holding will always go give you those chances to a better place.
The possibilities of your unregretes is stabilizing your emotions and just patiently keep holding nomatter what the circumstances is until the market make good and excited phase of your expectations.
But the regret will always be either you buy or not buy, such as you make a purchase of Bitcoin from the beginning of this year and do it in a long term and planned for the long term, then Bitcoin jumped the price up to $ 200k, but you can only collect 1 BTC , even though you are able to collect several BTCs, it will sometimes make you regret because you feel that why not buying more before.
But it is far better and not buying once, when the price jumped and does not have BTC it will be much more sorry especially when you have planned to buy BTC but don't do it, I am quite sure you will be very sorry for life.
July 28, 2024, 01:29:35 PM
~Snip
honestly AI is good enough at figuring current sentiment, some exchange provides that and they also integrate with real time data to their exchange which means it's fresh data and is valid to make financial decision based on it.so figuring out market sentiment is a piece of cake, but don't expect things to always follow market sentiment, i usually consider this as a wrap up data of what happened to the market for certain period of time, never consider it a future forecast personally.
July 28, 2024, 01:03:47 PM
is there any indicator I can combine to make a thoughtful decision that I will not regret
I've really come so far to studying about the market waves and underwood that there's no strategy or tool that can guarantee you unregretes. It is just all up to you to make up your mind that the state of the market is profit sd lost but a long term holding will always go give you those chances to a better place.
The possibilities of your unregretes is stabilizing your emotions and just patiently keep holding nomatter what the circumstances is until the market make good and excited phase of your expectations.
July 28, 2024, 09:04:30 AM
What most users will be suggesting here is to do your own research upon all the available indicators and make use of them in getting the best result needed form the market sentiment, also, we must have to consider the rate for taking risk over all these if worth it or not, or can we afford it or not as well, bitcoin remains unpredictable, but the little we could suggest are what we were able to detect from the chart flow over the market price and the crypto season at hand.
Even though the price of Bitcoin itself is always difficult for us to predict even though we have done our own research in this matter, I think from the advice you said it has also been clearly revealed that it all always depends on each person's ability and courage when they want to make a decision such as buying. or sell it at a certain moment. Because crypto market sentiment will not always be the same, even though the potential for large profits that can be obtained for those who want to keep holding Bitcoin tightly enough will always be there.There isn't really anything that could benefit us, after all if we stay out, that means we won't lose or we won't earn, so staying out has no down or up situation and that's why a lot of people prefer that.
But the reality is that we can't grow that way neither, and if we can't grow then how are we suppose to make any money from crypto at all? How are we suppose to have a better life?
We are going to just live the same life and anytime there is a financial crisis in the world we will reset and be poor and try again. But if you take that courage and use it to buy crypto then suddenly you are going to get richer and one day no crisis will matter to you, you will have enough money to not worry about money anymore. This is why I invest into bitcoin, and will keep on investing into bitcoin, there isn't any other better way to make this work, we need to make sure that this works.
July 26, 2024, 01:22:14 AM
What most users will be suggesting here is to do your own research upon all the available indicators and make use of them in getting the best result needed form the market sentiment, also, we must have to consider the rate for taking risk over all these if worth it or not, or can we afford it or not as well, bitcoin remains unpredictable, but the little we could suggest are what we were able to detect from the chart flow over the market price and the crypto season at hand.
honestly AI is good enough at figuring current sentiment, some exchange provides that and they also integrate with real time data to their exchange which means it's fresh data and is valid to make financial decision based on it.
so figuring out market sentiment is a piece of cake, but don't expect things to always follow market sentiment, i usually consider this as a wrap up data of what happened to the market for certain period of time, never consider it a future forecast personally.
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July 25, 2024, 04:52:13 AM
What most users will be suggesting here is to do your own research upon all the available indicators and make use of them in getting the best result needed form the market sentiment, also, we must have to consider the rate for taking risk over all these if worth it or not, or can we afford it or not as well, bitcoin remains unpredictable, but the little we could suggest are what we were able to detect from the chart flow over the market price and the crypto season at hand.
Even though the price of Bitcoin itself is always difficult for us to predict even though we have done our own research in this matter, I think from the advice you said it has also been clearly revealed that it all always depends on each person's ability and courage when they want to make a decision such as buying. or sell it at a certain moment. Because crypto market sentiment will not always be the same, even though the potential for large profits that can be obtained for those who want to keep holding Bitcoin tightly enough will always be there. 
July 25, 2024, 03:22:04 AM
I would say that thinking about the loss would definitely be helpful if you are aware of the market. Because you know that you are going to make profit eventually anyway, you just need to make sure that you are not dealing with too much loss. If you are careless then you are going to make some loss, and a lot of people do, but if you know what you are doing and not careless, you are going to make some decent profit as well.
Plus, learning from your mistakes means that you know what you are looking at, and you studied it good enough. People who look at their loss and do not understand why they lost, should go back and study some more to be able to understand. If you lose, and a veteran, that means you will be able to look at your loss and see the mistake. Just because you know what mistake you shouldn't do, doesn't mean that you will never make that mistake, sometimes you do it without realizing you are doing it, it is not like obviously done thing, there isn't like red flashing lights alarming you about your mistake.Right now, market sentiment is not positive. But, current times must be another great opportunity to accumulate and average. Keep fishing on this down trend and I believe $61k levels act as strong support level and we can expect bounce back from there if the down market persist or else we can see bulls getting back to action at current levels itself.
July 21, 2024, 09:29:32 AM
Last week the market was quite down so it was a good opportunity to buy Bitcoin but now the market is going back up so those who are looking to buy Bitcoin right now should wait, I would not advise you to keep buying but I would advise you to do DCA because maybe the market will go down again. If the market goes down again, you should have money to buy more, so it is better to go with DCA. If the market goes up from here you will profit and if it goes down further you will have money to buy more.
There is no trust in the crypto market. No one can say that the market will not go down from here. Therefore, a successful trader never buys only with the top in mind. If it goes the other way around, what will be the strategy?
A wise trader always trades by thinking and estimating the loss more than the gain, and this is the reason why we should be ready for any situation since the cryptocurrency market is unpredictable and we can see anything happening at any given time.
I would say that thinking about the loss would definitely be helpful if you are aware of the market. Because you know that you are going to make profit eventually anyway, you just need to make sure that you are not dealing with too much loss. If you are careless then you are going to make some loss, and a lot of people do, but if you know what you are doing and not careless, you are going to make some decent profit as well.There is no trust in the crypto market. No one can say that the market will not go down from here. Therefore, a successful trader never buys only with the top in mind. If it goes the other way around, what will be the strategy?
A wise trader always trades by thinking and estimating the loss more than the gain, and this is the reason why we should be ready for any situation since the cryptocurrency market is unpredictable and we can see anything happening at any given time.
I believe that we need to consider this, it is not going to be that easy but won't be that hard neither. At the end of the day, it is just life and we could make it work some other way as well. I believe that we need to focus on how to make some good returns, which can be done, by working hard towards it. I believe that we are going to find something that will be hard for us to convince ourselves if we are dealing with bad trades, most of the time we try to blame other factors, but if we can see our own mistakes then it will eb a lot better. A lot of people fail at that part, they always blame others, a good trader sees their own mistake and fixes it and tries to make less loss based on that, would help us a lot if we know how to do that part and get greater results.
July 19, 2024, 05:27:55 PM
I have been observing the market trend recently and have seen that the patters are not so consistent with what I expected although it has been ranging, but I will like to know when I can easily spot when the market will change direction, is there any indicator I can combine to make a thoughtful decision that I will not regret?
If you have your customised indicator settings you could as well share for the sake of learning.
Isn't technical analysis a bit about that? I mean if you are reading charts and checking the indicators and TA, then you are already trying to be aware of what the market is thinking. I am not saying that you will be right each time, but it's quite possible that you could be. This should not be all that complicated, you could make that money one way or another.If you have your customised indicator settings you could as well share for the sake of learning.
I believe that we are going to end up with some return for a while, and can't really consider the change all that much. We need to just make some money with whatever we have. If you want to know what the people are thinking, just check the charts and the indicators, those should be telling you something. Not all the time, but most of the time that should tell you more about the market.
putting up yourself on such tough situation and this is something that you should really be looking on. Dont expect that this would really be just that an easy path for you to know everything within this space
or simply having those impressions that you could really make some easy profits on this place. Always expect the unexpected because things could happen on least expected.
When you are just newbie into this market then it would really be normal on having those kind of impressions on which you would really be mind boggling on the things that you've been experiencing.
On the moment that you had already gained up sufficient experience then those impressions would really changed up overtime. It is really that typical that you would be making up those
kind of comment when its your first time.
July 19, 2024, 05:05:53 AM
My advice is to not wait for any indicator before buying Bitcoin, you do not need to time the market to perfection when to buy, you can buy while the market is down so you can buy more amount of Bitcoin than to buy when the naketyis rising although that is also another strategy but you need to be very accurate to get this strategy correctly. The market sentiment is neutral and not bearish of bullish. It can change at anytime but for now you do not have to panic to buy or sell. Also you do not have alot of time to be waiting for when you are going to buy because the market can move very fast and change sentiment. Start buying if you want to make profits when Bitcoin gets to a new highest price. If you keep procrastinating when you will buy Bitcoin because you do not know what the sentiment of the market is, you might miss buying totally and it means you would not be capable of gaining profits when Bitcoin pass a new highest price.
Last week the market was quite down so it was a good opportunity to buy Bitcoin but now the market is going back up so those who are looking to buy Bitcoin right now should wait, I would not advise you to keep buying but I would advise you to do DCA because maybe the market will go down again. If the market goes down again, you should have money to buy more, so it is better to go with DCA. If the market goes up from here you will profit and if it goes down further you will have money to buy more.There is no trust in the crypto market. No one can say that the market will not go down from here. Therefore, a successful trader never buys only with the top in mind. If it goes the other way around, what will be the strategy?
A wise trader always trades by thinking and estimating the loss more than the gain, and this is the reason why we should be ready for any situation since the cryptocurrency market is unpredictable and we can see anything happening at any given time.
July 18, 2024, 11:54:09 AM
I have been observing the market trend recently and have seen that the patters are not so consistent with what I expected although it has been ranging, but I will like to know when I can easily spot when the market will change direction, is there any indicator I can combine to make a thoughtful decision that I will not regret?
If you have your customised indicator settings you could as well share for the sake of learning.
Isn't technical analysis a bit about that? I mean if you are reading charts and checking the indicators and TA, then you are already trying to be aware of what the market is thinking. I am not saying that you will be right each time, but it's quite possible that you could be. This should not be all that complicated, you could make that money one way or another.If you have your customised indicator settings you could as well share for the sake of learning.
I believe that we are going to end up with some return for a while, and can't really consider the change all that much. We need to just make some money with whatever we have. If you want to know what the people are thinking, just check the charts and the indicators, those should be telling you something. Not all the time, but most of the time that should tell you more about the market.
July 17, 2024, 03:50:02 PM
I have been observing the market trend recently and have seen that the patters are not so consistent with what I expected although it has been ranging, but I will like to know when I can easily spot when the market will change direction, is there any indicator I can combine to make a thoughtful decision that I will not regret?
If you have your customised indicator settings you could as well share for the sake of learning.
Previous replies are indeed that relevant specially with that Fear&Greed index on which it would really be giving out at least some idea on whats the current condition of the market when it comes to this aspectIf you have your customised indicator settings you could as well share for the sake of learning.
but just like been said by majority on here that there would really be no assurance that you would be able to see those precision on what those indicators that been showing on. Somehow knowing these things could really give out at least some idea on what you are dealing on with. You could be at least have the idea on what you should really be doing next. Overall market sentiment and other correlated things isnt something that would really be simple to spot out specially in speaking about market shift when it comes to trend and movement. This is why every movement that you would really be taking will really be basing up into your own choice.
Taking further actions will really be just that depending on you, whether you would really be that taking up such step or action on such particular condition because
results or outcomes will really be that vary or does depend on the actions you are making. IF you do skip out or would be holding up your position or doing the other way around.
So it would be depending into your action into this one.
July 16, 2024, 01:16:54 PM
If you have your customised indicator settings you could as well share for the sake of learning.
What most users will be suggesting here is to do your own research upon all the available indicators and make use of them in getting the best result needed form the market sentiment, also, we must have to consider the rate for taking risk over all these if worth it or not, or can we afford it or not as well, bitcoin remains unpredictable, but the little we could suggest are what we were able to detect from the chart flow over the market price and the crypto season at hand.
July 16, 2024, 04:33:20 AM
I have been observing the market trend recently and have seen that the patters are not so consistent with what I expected although it has been ranging, but I will like to know when I can easily spot when the market will change direction, is there any indicator I can combine to make a thoughtful decision that I will not regret?
My advice is to not wait for any indicator before buying Bitcoin, you do not need to time the market to perfection when to buy, you can buy while the market is down so you can buy more amount of Bitcoin than to buy when the naketyis rising although that is also another strategy but you need to be very accurate to get this strategy correctly. The market sentiment is neutral and not bearish of bullish. It can change at anytime but for now you do not have to panic to buy or sell. Also you do not have alot of time to be waiting for when you are going to buy because the market can move very fast and change sentiment. Start buying if you want to make profits when Bitcoin gets to a new highest price. If you keep procrastinating when you will buy Bitcoin because you do not know what the sentiment of the market is, you might miss buying totally and it means you would not be capable of gaining profits when Bitcoin pass a new highest price.
July 15, 2024, 08:14:55 PM
I have been observing the market trend recently and have seen that the patters are not so consistent with what I expected although it has been ranging, but I will like to know when I can easily spot when the market will change direction, is there any indicator I can combine to make a thoughtful decision that I will not regret?
If you have your customised indicator settings you could as well share for the sake of learning.
If you have your customised indicator settings you could as well share for the sake of learning.
As others have pointed out the market sentiment website that you can visit to see the fear and greed index. However, it's not the only indicator and I don't see it as a good one to be honest to gauge where the market is going, and we really don't know how they are measuring it. It's fine, there's no right or wrong decision in this market, everyone here at one point could have regrets but they just moved on and continue.
Just to add though, it looks like you are looking to be a trader and so it's better to learn technical analysis and the first rule is that you shouldn't involved your emotions. So if you are looking for that fear and greed index, it might not be good for you in the beginning.
July 15, 2024, 07:40:22 PM
Updated in everything that's happening to the market. Whether you'd be good with the charts of not, whatever is happening to the market you can have the advantage of how you'd react. But basically, for the long-term investors, there's no need to be proactive at all with what's happening. We just wait and sit and sell when the price is up. However for someone to learn, there are basic steps that we've mentioned that needs to be done but most of them are effortless.
Alright boss thanks for the head start and I am going to also consider this.
I have been looking at the market for a while now and I have not been able to point where it is going that's why I have to come out to ask what is on my mind.
We might not be good at it and we're not on the path of being an expert of it. But it's a different thing that we're informed and that's the head start for most of the investors that are missing it out. They've got some plans of hitting some numbers on a specific period of time but they do nothing at all then, so keep it up and you'll be in the best version that you can ever imagine. July 13, 2024, 02:34:30 PM
Every indicator can be as useful as they can be at times like this when unexpected motion of BTC happens. Aside from the greed and fear index, there goes the fundamentals and news that we're having. They can be a good indicator if you're very active in the market and you like to react every time there is some bad/good news that is being reported. But remember that always you should be proactive and you should "buy the rumors and sell the news". And, if you don't want to regret what you'll decide to, just HODL and stay calm.
It is always best to keep yourself updated as you can get an idea where the market is heading to. We have so many indicators in this market, and yet, the actual scenario may not follow any of these indicators. It can be influenced by big companies announcing their sell-off or buy-in. And yes, it is always good to be aware of the rumors, because it can really help you in taking advantage of the market.
Alright boss thanks for the head start and I am going to also consider this. I have been looking at the market for a while now and I have not been able to point where it is going that's why I have to come out to ask what is on my mind.
July 13, 2024, 02:32:48 PM
Just be aware that you can not stay a 100% total free lost in the market but you can always recover for your lost if you are patient enough and just keep holding because the crypto market is volatile of fluctuating UPs and DOWNs and that typically makes investors not getting what was expected in a specific period of time but only patient can holding can get you reach to it.
Also, there is no strategy of even an AI that can determine the future direction of Bitcoin to alert you that this is what is going to happen in the Bitcoin market tomorrow or in the next minute. Rather a sensitive tool like that will only help you to keep eyes up in the market as you personally may not be able to keep eyes 24/7 monitoring at the market in other to take an immediate action to stop lost by exiting your trades or to sell of your coins.
And this probably happens out of FOMO which you might regret it if you can not afford to dare and take the risk of keep holding because a fallen market today has a tendency of rising at any given time.
Also, there is no strategy of even an AI that can determine the future direction of Bitcoin to alert you that this is what is going to happen in the Bitcoin market tomorrow or in the next minute. Rather a sensitive tool like that will only help you to keep eyes up in the market as you personally may not be able to keep eyes 24/7 monitoring at the market in other to take an immediate action to stop lost by exiting your trades or to sell of your coins.
And this probably happens out of FOMO which you might regret it if you can not afford to dare and take the risk of keep holding because a fallen market today has a tendency of rising at any given time.
Thank you for your contribution to making me smarter I will add this to my pool of knowledge but I have not recovered after my loss in 2021 and I hope to learn more to recover fast, thanks.
July 13, 2024, 02:30:36 PM
I have been observing the market trend recently and have seen that the patters are not so consistent with what I expected although it has been ranging, but I will like to know when I can easily spot when the market will change direction, is there any indicator I can combine to make a thoughtful decision that I will not regret?
If you have your customised indicator settings you could as well share for the sake of learning.
In my opinion, the market is unpredictable and all indicators are for reference only, we should not be too dependent and trust them completely. That's why investing for the long term and using a DCA strategy is always the most effective investment method when it comes to cryptocurrencies. If you have your customised indicator settings you could as well share for the sake of learning.
People often compare the market to a battlefield, it is extremely fierce, there are always winners and losers and there will never be a scenario where everyone wins. So, if there really was an indicator that could tell us exactly what the market will be like tomorrow, do you think someone would provide it to us so easily?
Another bright way to think about the market, i believe I am still learning and I asked this question because I often see people on Youtube mention different indicators and say if you do like this it will increase your win rate.
July 13, 2024, 02:28:34 PM
I guess the Fear and greed index could be a good indication of the current sentiment.
The original one (AFAIK): https://alternative.me/crypto/fear-and-greed-index/
CMC's: https://coinmarketcap.com/ (Top right corner)
Needless to say, the crypto market is unpredictable. One news article is can be enough to send us to the stone age, or to the moon.
The original one (AFAIK): https://alternative.me/crypto/fear-and-greed-index/
CMC's: https://coinmarketcap.com/ (Top right corner)
Needless to say, the crypto market is unpredictable. One news article is can be enough to send us to the stone age, or to the moon.
Thanks for pointing me to this and I will look into it soon. Concerning the news article, how can I stay ahead of the news and what channel publishes the market moving news or is it just from anywhere?
July 13, 2024, 05:08:01 AM
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There's not really a set metric, not easy as well and the market can just suddenly change its direction an hour after it suddenly does something so I wouldn't expect to find something solid. You can base it off of some stuff, but god knows how much it says is an actual influence. It's one alright, just that we don't know by how much, probably not that much even in the first place. Personally I just look at the buys/sells of whales plus the Greed and Fear index. Oh and add referencing to history as well.
July 13, 2024, 03:42:14 AM
I have been observing the market trend recently and have seen that the patters are not so consistent with what I expected although it has been ranging, but I will like to know when I can easily spot when the market will change direction, is there any indicator I can combine to make a thoughtful decision that I will not regret?
If you have your customised indicator settings you could as well share for the sake of learning.
In my opinion, the market is unpredictable and all indicators are for reference only, we should not be too dependent and trust them completely. That's why investing for the long term and using a DCA strategy is always the most effective investment method when it comes to cryptocurrencies. If you have your customised indicator settings you could as well share for the sake of learning.
People often compare the market to a battlefield, it is extremely fierce, there are always winners and losers and there will never be a scenario where everyone wins. So, if there really was an indicator that could tell us exactly what the market will be like tomorrow, do you think someone would provide it to us so easily?
July 13, 2024, 03:21:38 AM
Just be aware that you can not stay a 100% total free lost in the market but you can always recover for your lost if you are patient enough and just keep holding because the crypto market is volatile of fluctuating UPs and DOWNs and that typically makes investors not getting what was expected in a specific period of time but only patient can holding can get you reach to it.
Also, there is no strategy of even an AI that can determine the future direction of Bitcoin to alert you that this is what is going to happen in the Bitcoin market tomorrow or in the next minute. Rather a sensitive tool like that will only help you to keep eyes up in the market as you personally may not be able to keep eyes 24/7 monitoring at the market in other to take an immediate action to stop lost by exiting your trades or to sell of your coins.
And this probably happens out of FOMO which you might regret it if you can not afford to dare and take the risk of keep holding because a fallen market today has a tendency of rising at any given time.
Also, there is no strategy of even an AI that can determine the future direction of Bitcoin to alert you that this is what is going to happen in the Bitcoin market tomorrow or in the next minute. Rather a sensitive tool like that will only help you to keep eyes up in the market as you personally may not be able to keep eyes 24/7 monitoring at the market in other to take an immediate action to stop lost by exiting your trades or to sell of your coins.
And this probably happens out of FOMO which you might regret it if you can not afford to dare and take the risk of keep holding because a fallen market today has a tendency of rising at any given time.
July 13, 2024, 01:50:31 AM
Every indicator can be as useful as they can be at times like this when unexpected motion of BTC happens. Aside from the greed and fear index, there goes the fundamentals and news that we're having. They can be a good indicator if you're very active in the market and you like to react every time there is some bad/good news that is being reported. But remember that always you should be proactive and you should "buy the rumors and sell the news". And, if you don't want to regret what you'll decide to, just HODL and stay calm.
It is always best to keep yourself updated as you can get an idea where the market is heading to. We have so many indicators in this market, and yet, the actual scenario may not follow any of these indicators. It can be influenced by big companies announcing their sell-off or buy-in. And yes, it is always good to be aware of the rumors, because it can really help you in taking advantage of the market.
July 13, 2024, 01:42:19 AM
the fundamentals is what you are going to wait to happen. because the politics is just heating up and this might just be the event that could change sentiments either from good to bad or vice verse.
the election is going to be the trigger whether we will really have a bull market or not 🤪 wars + Trump winning the crypto community + Biden mental degradation + election = crazy market.
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July 13, 2024, 01:21:42 AM
but its not necessarily means the price will just follow market sentiment though, sometime price just pumps out of the blue.
Yes, it is not an indicator that we can rely on 100% to make predictions, as no other indicator is. What doesn't quite add up for me is that it shows extreme fear, I just checked it myself. Extreme fear of what? I suppose it is simply a way of indicating that the bitcoin market is underbought, but I wouldn't say there is fear. There was not so long ago when the price went down to $17,000 and there were already people thinking it would go down to $10,000 and beyond.
July 12, 2024, 10:17:27 PM
just by seeing RSI index, market fear and greed index and so on I think good indicator enough for people trying to paint the market sentiment.
in general its just how the market perception towards the future by taking into account all the bad and good news as well as technical indicators.
but its not necessarily means the price will just follow market sentiment though, sometime price just pumps out of the blue.
in general its just how the market perception towards the future by taking into account all the bad and good news as well as technical indicators.
but its not necessarily means the price will just follow market sentiment though, sometime price just pumps out of the blue.
July 12, 2024, 06:39:49 PM
I have been observing the market trend recently and have seen that the patters are not so consistent with what I expected although it has been ranging, but I will like to know when I can easily spot when the market will change direction, is there any indicator I can combine to make a thoughtful decision that I will not regret?
If you have your customised indicator settings you could as well share for the sake of learning.
Every indicator can be as useful as they can be at times like this when unexpected motion of BTC happens. Aside from the greed and fear index, there goes the fundamentals and news that we're having. They can be a good indicator if you're very active in the market and you like to react every time there is some bad/good news that is being reported. But remember that always you should be proactive and you should "buy the rumors and sell the news". And, if you don't want to regret what you'll decide to, just HODL and stay calm.If you have your customised indicator settings you could as well share for the sake of learning.
It is always best to keep yourself updated as you can get an idea where the market is heading to. We have so many indicators in this market, and yet, the actual scenario may not follow any of these indicators. It can be influenced by big companies announcing their sell-off or buy-in. And yes, it is always good to be aware of the rumors, because it can really help you in taking advantage of the market.
This is why I don't think any trader even if a person is an expert trader, can offer you a customised indicator settings and use it for your consumption to gain profits from this market. Experience, knowledge and skills are needed to stay alive in this market. There's no fixed formula or equation that you can utilize on this market. You may find the market sentiment via online but once you try to implement it in your trades, it may not be of use at all.
July 12, 2024, 06:31:38 PM
Simple moving averages would be a plain way to follow. The detail to that indicator is that multiple time frames exist. People fret and worry about a weeks worth of selling but its the momentum across a whole year that counts mostly.
Right now there is some dilemena that explains the restricted range of BTC every day. The low prices currently are just above a weekly average, this mostly means presently BTC has a positive trend ongoing.
BTC also remains just below the 200 day average, the most widely followed indicator there is. Larger time frames will always beat the short term view, just consider the volume of trades across 200 days will be far larger then 7 or 8 days prior. Not often can we beat the greater time frames, it takes time to do so.
Right now there is some dilemena that explains the restricted range of BTC every day. The low prices currently are just above a weekly average, this mostly means presently BTC has a positive trend ongoing.
BTC also remains just below the 200 day average, the most widely followed indicator there is. Larger time frames will always beat the short term view, just consider the volume of trades across 200 days will be far larger then 7 or 8 days prior. Not often can we beat the greater time frames, it takes time to do so.
July 12, 2024, 04:54:45 PM
I have been observing the market trend recently and have seen that the patters are not so consistent with what I expected although it has been ranging, but I will like to know when I can easily spot when the market will change direction, is there any indicator I can combine to make a thoughtful decision that I will not regret?
If you have your customised indicator settings you could as well share for the sake of learning.
Every indicator can be as useful as they can be at times like this when unexpected motion of BTC happens. Aside from the greed and fear index, there goes the fundamentals and news that we're having. They can be a good indicator if you're very active in the market and you like to react every time there is some bad/good news that is being reported. But remember that always you should be proactive and you should "buy the rumors and sell the news". And, if you don't want to regret what you'll decide to, just HODL and stay calm. If you have your customised indicator settings you could as well share for the sake of learning.
July 12, 2024, 12:19:02 PM
If you ask me, there isn't really any way to make it work like that, it is not going to be that possible and we should figure out a way to make that work eventually. Because at this point, you can't just "track market sentiment", you could just see what the market should be doing or what they are thinking based on the technical analysis you do, but those are not their sentiments, those are their actions, you do not get sentiment in a data form, they are thoughts, whereas what you see on a TA is the actions.
Although, if you ask me, I would say that their actions speaks louder than their words, so we could say that if they are having this kind of trouble then we are not going to really see any big issues, let them do whatever they want.
Although, if you ask me, I would say that their actions speaks louder than their words, so we could say that if they are having this kind of trouble then we are not going to really see any big issues, let them do whatever they want.
July 12, 2024, 04:14:00 AM
The market can make 1 day and higher time duration candle sticks to be deceiving this time around. What I can encourage you to do is to DCA if you are planning to hold your coins for some months.
Some good indicators for traders are MA, EMA, BB, RSI and Fibonacci retracement. But this indicators are for traders and may not really be useful for someone that wants to hold his coins for a long time.
Some good indicators for traders are MA, EMA, BB, RSI and Fibonacci retracement. But this indicators are for traders and may not really be useful for someone that wants to hold his coins for a long time.
July 12, 2024, 04:13:02 AM
I guess the Fear and greed index could be a good indication of the current sentiment.
The original one (AFAIK): https://alternative.me/crypto/fear-and-greed-index/
CMC's: https://coinmarketcap.com/ (Top right corner)
Needless to say, the crypto market is unpredictable. One news article is can be enough to send us to the stone age, or to the moon.
The original one (AFAIK): https://alternative.me/crypto/fear-and-greed-index/
CMC's: https://coinmarketcap.com/ (Top right corner)
Needless to say, the crypto market is unpredictable. One news article is can be enough to send us to the stone age, or to the moon.
July 12, 2024, 03:58:45 AM
I have been observing the market trend recently and have seen that the patters are not so consistent with what I expected although it has been ranging, but I will like to know when I can easily spot when the market will change direction, is there any indicator I can combine to make a thoughtful decision that I will not regret?
If you have your customised indicator settings you could as well share for the sake of learning.
If you have your customised indicator settings you could as well share for the sake of learning.
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