Topic: What would be the signs a big dip is coming - page 3. (Read 534 times)
It's difficult for me to determine the stats that one should consider. One such was the number of transactions per day, but as more spenders send transactions with multiple recipients, that seems to become less important.
In Stock, forex and commodities "big dip" can easily be spotted by using hangman candlestick price formation and you can use boligoband to confirm the signal but in cryptocurrencies it is a different boil game. We have see a very big price dumping by just a tweet from financial expert or governments officer. Most time most of the technical analysis tools are suspended and price will be moving without respect for support and resistance levels. If we are looking for when dip is about to happen then it is good we embrace fundamental analysis.
It’s a little bit funny but as I experienced most of the time the best signs that a big dip is coming is the awakening of the panic minions in this forum. Remember those new accounts sharing bad propaganda, exaggerating small issues and connecting it to uncertainty and FUDS. The dip is not cheap and it is a group of people with one purpose to buy in low or promote other coins and that’s is only my observation.
I don't think there will be a lot of signs to tell you when a dip is coming. It might be caused by news, which can be random, or it might just happen randomly because the pool of new bitcoin investors is drying up. If you are going to make a bitcoin trade, you should base it on fundamentals and make it a long term trade.
The behavior of the cryptocurrency has no templates. No one can predict the behavior of prices. Trading cryptocurrencies are not governing factors. Simultaneous actions of whales can change the behavior of the market in any direction. The success of the cryptocurrency market is more dependent on luck.
I think bitcoin is going to break out to the upside. Look at the following image:
It's been trading within a narrow channel that points downwards - but has just broken the upward wall of the channel. To me that signals a break upwards.
If it had broken through the left hand wall downwards, that's when a big dip would have happened.
It's been trading within a narrow channel that points downwards - but has just broken the upward wall of the channel. To me that signals a break upwards.
If it had broken through the left hand wall downwards, that's when a big dip would have happened.
I was expecting a dip before now but it's not happened. What are the signs a big dip is about to happen. Would it be at a particular time of day or would there be signs in the price that a fall is about to come. Or would it be totally unexpected and just suddenly happen. And the same for a huge rise?
Being an investor of a volatile and decentralized digital currency, you must rely more on your experience and the price charts. As a trader, price charts are your companion and it will help you through your trading activities. I am not that professional in terms of trading though I know something that can help. Price charts gives pattern to traders that might help them, you can just read these article for it. Though I don't really know if this will help you or not.
https://www.tradingsetupsreview.com/10-chart-patterns-price-action-trading/
I was expecting a dip before now but it's not happened. What are the signs a big dip is about to happen. Would it be at a particular time of day or would there be signs in the price that a fall is about to come. Or would it be totally unexpected and just suddenly happen. And the same for a huge rise?
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