Topic: When to get in and get out in Bear/Bull Markets - page 5. (Read 1374 times)
It can't be exactly predicted when to enter and pull out of the market, but you would learn a lot of things as you gain experienc, so be patient and carry on trading as the time passes you would gain experience.
History price of each crypto will give you answer for that, since Bitcoin created and tradeable on the market the price is very high volatility, the price can be going up 10 to 20 times in afew month and then going down to 80% to 90%, so if you like to start hold Bitcoin or others crypto you have to start when the price already going down to 80% to 90% and then hold it until reach 10 or 20 times.
Talking about supports, resistance and then price action, I guess they are like the main things that apply to every form of trading when it comes to knowing when you should be buying and when you should be selling. Getting in and out of the market requires strategy and as long as you do not have one, then you are simply gambling.Now, one thing with strategy is that, there are so many strategies and a strategy used by A may not be a strategy used by B, but what is important is to find your own that suits you best and stick with it, and that is the only way you will even be able to have an idea where to sell or buy or set stop loss as the case would be.
Guys, I am rather new to trading. Initially when I did get into crypto currencies my idea was to select a few coins and HODL until their value appreciated and maybe cash out some tokens whenever i am in need of money. Little did I know I was in for a big surprise few months into crypto currencies the market was so volatile.
However from what I noticed was if a trader, learnt to sell off in the high and then when the market inevitably pulls back we could secure ourselves a much higher position in the same tokens or different but for this to be done we need to be pretty good in our TA i guess and I am now very determined to explore this side. Can anyone please advise me how I should get started, some recommendations of what to read, what to watch and also the risk associated with what I plan to do.
I think the wisest decision would be when the price of something goes up you could use trailing stop, which means you can put up 5% increases incrementally and whenever it goes down back to the 5% level you sell it. (For more clarity on this, please google for how to trade with trailing stop-loss strategies, there would be lots of articles to guide you better toward making you a master on it.)However from what I noticed was if a trader, learnt to sell off in the high and then when the market inevitably pulls back we could secure ourselves a much higher position in the same tokens or different but for this to be done we need to be pretty good in our TA i guess and I am now very determined to explore this side. Can anyone please advise me how I should get started, some recommendations of what to read, what to watch and also the risk associated with what I plan to do.
For example, you buy something at 100 and it went up to 107, if it goes up to 110 you reset the sell price to 110, when its 113 you wait, if it goes down to 110 you sell if it goes up to 115 you reset back to 115 and you keep doing this with each 5% price of it. That way you can both keep going up with the price during bull and never fear the bear because max you could ever lose is 5% with this.
During bull race, its very easy to exit your trade. One thing is clear, you are already making profit and you will want to make more but the right thing to do is to exit trade while you are on your profit. It could be hard during bear market.
I think everyone here knows that one should sell for profit while its in bull market. You dont need to reiterate that except to newbies. 
You need to be really lucky to have get away from the bear maket because we don't know about that until it happens maybe panic sellers are the one who stay away from the bear and also from bull markets.If you really want to make money in crypto currency don't try to stay away you need to take such risks.
Staying away is not a bad thing. You can stop trading and watch the market for a period until the tides turn. Its for every trader to know when to buy and when to sell. You would not want to give in to the FUD on the market and sell at loss. Unless its some really bad shitcoin you wont want to do it. For major altcoins and bitcoin hodling till we see a uptrend is how it should be done.
History price of each crypto will give you answer for that, since Bitcoin created and tradeable on the market the price is very high volatility, the price can be going up 10 to 20 times in afew month and then going down to 80% to 90%, so if you like to start hold Bitcoin or others crypto you have to start when the price already going down to 80% to 90% and then hold it until reach 10 or 20 times.
Just know how to monitor trends and you will be fine. That is the essence of technical analysis most times and it is not like you have to draw up so many lines on the chart before it will be effective. There are lots of trend indicators you can make use of, utilize them to see price actions on certain supports and resistance, then see the possibilities of trend changing in most cases.
Always remember that it is a market and things can change as well as fake signals coming up which means you cannot always be 100% right and that is why you will always need your stop loss based on your strategy. MA and Ichimoku cloud coupled with any momentum indicator can suffice such as Stoch RSI so you can at least monitor overbought and oversold zones as well.
Always remember that it is a market and things can change as well as fake signals coming up which means you cannot always be 100% right and that is why you will always need your stop loss based on your strategy. MA and Ichimoku cloud coupled with any momentum indicator can suffice such as Stoch RSI so you can at least monitor overbought and oversold zones as well.
During bull race, its very easy to exit your trade. One thing is clear, you are already making profit and you will want to make more but the right thing to do is to exit trade while you are on your profit. It could be hard during bear market.
Gulden (NLG) is great coin to buy now because now it's only for 420 sat in Bittrex, last ATH in this year in Januar was over 2800 sat (700% more !)
https://bittrex.com/Market/Index?MarketName=BTC-NLG
https://coinmarketcap.com/currencies/gulden/#charts
In 2 days it will be 550-600 sat, so this coin will give easy 30-40 % in 2 days
https://bittrex.com/Market/Index?MarketName=BTC-NLG
https://coinmarketcap.com/currencies/gulden/#charts
In 2 days it will be 550-600 sat, so this coin will give easy 30-40 % in 2 days
Guys, I am rather new to trading. Initially when I did get into crypto currencies my idea was to select a few coins and HODL until their value appreciated and maybe cash out some tokens whenever i am in need of money. Little did I know I was in for a big surprise few months into crypto currencies the market was so volatile.
However from what I noticed was if a trader, learnt to sell off in the high and then when the market inevitably pulls back we could secure ourselves a much higher position in the same tokens or different but for this to be done we need to be pretty good in our TA i guess and I am now very determined to explore this side. Can anyone please advise me how I should get started, some recommendations of what to read, what to watch and also the risk associated with what I plan to do.
Thanks so much.
However from what I noticed was if a trader, learnt to sell off in the high and then when the market inevitably pulls back we could secure ourselves a much higher position in the same tokens or different but for this to be done we need to be pretty good in our TA i guess and I am now very determined to explore this side. Can anyone please advise me how I should get started, some recommendations of what to read, what to watch and also the risk associated with what I plan to do.
Thanks so much.
Choosing the right strategy is the basis for Bitcoin trading, because the price of Bitcoin can change every day, this daily trading aims to find a quick profit from the movement of Bitcoin prices in the short term, so you should pay attention to support, resistance and moving averages to make sales or purchase.
Agree making a strategy is a golden option for every trader and a person who will hold cryptocurrency.
Making strategies will help you but still in thise strategy we will go down on the 1st try. So knowing how to handle it a a good option as well and not making any bad decisions in the end that you will regret.
PS: Know a way, strategy but know how you will take failure.
One important lesson to learn as far as cryptocurrency goes is that, you can not time the market no matter how skillful you in reading chart and graphs, you can only control your trading and investment entry and exit!
Of course you can't time it correctly you just read the charts and graph. The charts and graphs only speaks of the past. You should keep your self aware of the current events too. These events have a huge influence on the market. Events can trigger the price to go down (an exchange hack) or go up (lets say ETF approval). Also "expectations" can also lead the price to go above or fall.Few trader? As I know trader who are into trading has an option where they know "buy low sell it high" then make this happen by loking a the crypto on the time of the situation or rather everytime when they schedule when or when they want to.
One important lesson to learn as far as cryptocurrency goes is that, you can not time the market no matter how skillful you in reading chart and graphs, you can only control your trading and investment entry and exit!
Of course you can't time it correctly you just read the charts and graph. The charts and graphs only speaks of the past. You should keep your self aware of the current events too. These events have a huge influence on the market. Events can trigger the price to go down (an exchange hack) or go up (lets say ETF approval). Also "expectations" can also lead the price to go above or fall.
Bear market is showing coin is constantly falling on the Bitcoin market. At this point, the psychology of fear and pessimism of investors spread the market and they will sell off all coins. The downward spiral of price is stronger. And they will buy to wait for whales.
When we deal with electronic money need a bear market. They represent the market situation, where the market means the market is functioning well and there is more capital flowing into the market and on the other hand a growth market where the market is healthy and money is pushing into the market.
When we deal with electronic money need a bear market. They represent the market situation, where the market means the market is functioning well and there is more capital flowing into the market and on the other hand a growth market where the market is healthy and money is pushing into the market.
You need to be really lucky to have get away from the bear maket because we don't know about that until it happens maybe panic sellers are the one who stay away from the bear and also from bull markets.If you really want to make money in crypto currency don't try to stay away you need to take such risks.
First of all you should know that mostly altcoins are just pumped and dumped.Before buying any coin,i would advise you to check its price history by analysing the one day,one week and of course one month chart so that you could get a clear idea about that coin.Don't ever buy a coin just on seeing its price increasing fastly as it could be getting pumped.Since you are a newbie,i advice you to stick to older coins are their prices are little bit stable than newer coins.
If your idea of trading the bitcoin in to trade in and out of bitcoin market, your bitcoin would be spent and you wouldn't know when you have gotten out wrongly and miss the opportunity and benefit you would have gotten if you hold!
When the price of crypto going up to 5 to 10 from the bottom that mean the price overbought and will be turn in to bearish, avoid greedy and FOMO because this emotional only make big loss. When we made big profit as soon as possible withdraw and lock the profit to the fiat. All crypto going up and down by the same times so the profit from crypto we should put in others asset.
When to get in, select a coin or token hat is in Red with very low volume. Never select the ones that are already green because theres a very low chance that it will continue to go up and maintain its status. Always set a target and target should be possible, an 80% profits as a target is kinda not achievable, so lower it down to a level that you can earn profits fast and move to another cion or token.
Analyzing the market is quite tough nowadays, but you will get ways, ideas on how and when to trade. And also keep in mind don't believe completely in what being said online, either be it an expert or anybody who looks trustable. The basic is to first learn, how to trade and then use your analytical skills. The skill is completely upon an individual.
You can learn how to trade with cryptocurrency in YouTube channels.The check and find out the potential coin in the cryptocurrency market.You can start trading with minimum of 10$.From my knowledge,10$ is not a huge amount . Suppose you had lost that invested 10$ in trading.It won't affect your financial problems a lot.You can learn trading with 10$ as a investment.
Sell high 
You would sell high at $200 in the past, and today at $18.000 and in the future at $x, hodling is simply hodling, I think there is no get in or get out 
You would sell high at $200 in the past, and today at $18.000 and in the future at $x, hodling is simply hodling, I think there is no get in or get out 
One important lesson to learn as far as cryptocurrency goes is that, you can not time the market no matter how skillful you in reading chart and graphs, you can only control your trading and investment entry and exit!
Of course you can't time it correctly you just read the charts and graph. The charts and graphs only speaks of the past. You should keep your self aware of the current events too. These events have a huge influence on the market. Events can trigger the price to go down (an exchange hack) or go up (lets say ETF approval). Also "expectations" can also lead the price to go above or fall. Jump to: