Where's the bottom well? | Bitcointalksearch.org

Yatsan

legendary

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Quote from: rodskee on December 11, 2018, 05:54:04 PM

Well there alot of people asking on same questions like your
All are confused what is the bottom price down of all coins
If bitcoin reach the 3000$ bottom price drops according from the speculation all altcoin follow to drops
Crypto currency is unpredictable currency just stay and wait this excited risk in our tading job

The term bottom is not right to fit in on this kind of industry since the price is volatile and prices are going ups and downs. And therefore there is an infinite movement of price on the market due to non stop speculation on prices which influences others to do so. Even the price goes $1 that is not the bottom but its the huge preparation, remeber bitcoin is the most powerful coin created.

Indrawan77

hero member

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There is a different between crypto and stock market, the analysis used in stock market maybe won't be effective in crypto, in crypto its hard to detect the bottom because its decentralised market, people usually sell or buy depend on the trend and news there are no economic or politics news that affect the movement, its people that moved the price

Idrisu

sr. member

Activity: 924

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I think you have to used price action in other to understand were bitcoin is at the moment. Bitcoin current situation can be likened to it position in 2013 and I think we should trying to find were the bottom was in 2013 and 2014 in other to unravel the state of the market.

hermankoles

jr. member

Activity: 275

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many say that fundamental analysis affects the change in crypto prices by up to 60% and I think it's true. news and FUD will continue to create the latest fluctuations in crypto and if you are familiar with this trend it is not difficult for you to trade plus the technical analysis you already have

leavolnhals

full member

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Quote from: scanderpot on December 10, 2018, 08:48:46 AM

And now? You know I have some years of experience with stocks in the Brazilian asset market. I have tried graphically to find the end of this market low and seller but bao y in a logic equal to the stock market. Could someone explain me a way to understand the graphic signals for the crypto market? Is there any setup for bitclin, ethereum and other assets? Thank you friends.

Our crypto market is not like the stock market. Our market is considered a market manipulated by so many people. Therefore, technical analysis will not be effective in this market. We can only rely on luck to make money.

proTECH77

member

Activity: 1120

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The bottom cannot be determine at this moment because the market keep growing into dip and thereby leaving no chance to determine it bottom well. It looks possibly that, the year 2018 will not be favorable to cryptocurrency communities. Things are very difficult to read out since the beginning of this year, hopefully that, year 2019 will consolidate the year 2018 loses incur by various degree of investors.

scanderpot

copper member

Activity: 53

Merit: 0

TKS for help. Graphically btc has already opened purchase for trend reversal. But as I've learned, the market does not resemble the traditional stock market. There are whales and manipulations that make this unregulated market something different. I bet on more downturns until there is good and shocking news to reverse this bear market.

Kiweikoo

hero member

Activity: 1036

Merit: 500

Quote from: scanderpot on December 10, 2018, 08:48:46 AM

And now? You know I have some years of experience with stocks in the Brazilian asset market. I have tried graphically to find the end of this market low and seller but bao y in a logic equal to the stock market. Could someone explain me a way to understand the graphic signals for the crypto market? Is there any setup for bitclin, ethereum and other assets? Thank you friends.

Spotting the bottom of Bitcoin is a very difficult thing to do, a lot of people has failed trying to spot what would be the bottom this year. All of them I’ve seen so far were wrong. Anytime you think the market has reached the bottom, within few weeks or so, it sinks more.

Just like when the price was at $6k and a lot of people were believing that was the bottom price but at last that wasn’t the bottom, price still dropped to $3.5k.

maydna

hero member

Activity: 2912

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It is difficult to find the bottom of the bitcoin price because the price can go lower than we predict. But maybe we can make some prediction about where is the lower price, but we cannot predict with the right because the price will depend on the situations in the market itself and how the trader will react with the price. Bitcoin trading was different than stock trading, and we cannot depend on the technical analysis and fundamental analysis but that both analyses can be our guide to predict where the trend will go.

yanto@1977

full member

Activity: 686

Merit: 100

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Quote from: scanderpot on December 10, 2018, 08:48:46 AM

And now? You know I have some years of experience with stocks in the Brazilian asset market. I have tried graphically to find the end of this market low and seller but bao y in a logic equal to the stock market. Could someone explain me a way to understand the graphic signals for the crypto market? Is there any setup for bitclin, ethereum and other assets? Thank you friends.

Actually you already have basic knowledge and indicator is the right tools to know everything you need to run your strategy. Understand your indicator because they always follow market but depend your setting and psychology to take decisions. Crypto only use one way direction not same with forex or stock but they have similar pattern.

rodskee

full member

Activity: 2520

Merit: 204

Well there alot of people asking on same questions like your
All are confused what is the bottom price down of all coins
If bitcoin reach the 3000$ bottom price drops according from the speculation all altcoin follow to drops
Crypto currency is unpredictable currency just stay and wait this excited risk in our tading job

leowonderful

legendary

Activity: 1624

Merit: 1130

Bitcoin FTW!

Nobody can tell where the bottom is for certain, but there are innumerable things you can start doing right now. If you have already bought coins at a higher price, dollar cost averaging is a strategy you can use for accumulating coins and thus lowering the average price of the coins you have bought so far, and you can start right now if you wish. TA can sometimes be helpful in trading, but it's still an imprecise art, even in good market conditions.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: NeuroticFish on December 11, 2018, 02:48:05 AM

Quote from: figmentofmyass on December 10, 2018, 11:44:07 PM

TA is the only way to recognize the bottom. if you look at a daily chart for the past several years, nearly every long term bottom has similar characteristics: a high volume climax after an extended decline, and bullish candle reversal like a hammer or piercing pattern.

i don't like catching the falling knife myself, but i do like supporting the right knife catchers once i see these signs.

I am not sure it's a pattern easy to see/catch in time and my guess is that many "knife catchers" get it wrong until the right ones "emerge". Of course, it's easier to speculate after it has happened.
So I think it needs an amount of luck too (and boldness to force that luck), not only the experience and knowledge beyond TA.

that's the point. TA can't predict exactly where the bottom will be, so it's usually a bad idea to catch knives regardless of analysis. but TA can inform us when the bottom has likely occurred (eg through volume and a bullish spring off the lows). that's when i like to buy---after a reversal has occurred.

i'm less concerned about catching the bottom and more concerned about caching the bulk of the next move up.

astridwi

jr. member

Activity: 262

Merit: 2

Technical analysis on crypto has a smaller portion than the fundamentals created by the media, this is far different from the stock market and I can say inversely. if you can find accurate news updates whether positive or negative, this will create market price ripples which we often call volatile markets

jcpone

sr. member

Activity: 685

Merit: 250

Since the market is unregulated and prices are based on speculations, the result is highly volatile market. With no regulations, for sure a lot of price manipulations by bigtime holders are common situations. This is now the problems.

Kemarit

legendary

Activity: 3080

Merit: 1353

Its really hard to find the bottom on crypto market because (1) the price is based on pure speculation, I mean just a simply FUD can create a lot of panic that will cause the price to go deep and when you think that everything has settled down, a new wave of panic occurs, causing another massive sell-off (2) manipulation, we all know how whales can manipulate the price so again it makes it harder for anyone to just look at the graphical signals because most of the time its not applicable.

NeuroticFish

legendary

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Merit: 6382

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Quote from: figmentofmyass on December 10, 2018, 11:44:07 PM

TA is the only way to recognize the bottom. if you look at a daily chart for the past several years, nearly every long term bottom has similar characteristics: a high volume climax after an extended decline, and bullish candle reversal like a hammer or piercing pattern.

i don't like catching the falling knife myself, but i do like supporting the right knife catchers once i see these signs.

I am not sure it's a pattern easy to see/catch in time and my guess is that many "knife catchers" get it wrong until the right ones "emerge". Of course, it's easier to speculate after it has happened.
So I think it needs an amount of luck too (and boldness to force that luck), not only the experience and knowledge beyond TA.

Ararbermas

sr. member

Activity: 2016

Merit: 283

Quote from: ShadowBits on December 10, 2018, 09:13:41 AM

Cryptocurrencies are quite different from other trading platforms because every altcoin follows only one coin and they really hope that Bitcoin will go up.

true, and IMO seems like altcoin's is always relying on bitcoin progress since bearish occurs , because the growth rate nose dive as well after when there's a fluctuation on bitcoin which very affected. and probably it will bouncing back and will bullish only unless if bitcoin rocketed again back to the ATH.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: mk4 on December 10, 2018, 08:57:15 AM

I don't think technical analysis isn't going to help you that much in looking for the "bottom" in the first place, especially knowing that we're talking about bitcoin and not stocks/bonds/etc.

TA is the only way to recognize the bottom. if you look at a daily chart for the past several years, nearly every long term bottom has similar characteristics: a high volume climax after an extended decline, and bullish candle reversal like a hammer or piercing pattern.

i don't like catching the falling knife myself, but i do like supporting the right knife catchers once i see these signs.

Xardasim

sr. member

Activity: 1624

Merit: 250

It will be difficult to reach a conclusion by technical analysis related to the current situation. Finding bottom is not possible for the moment. It is more reasonable to trade short-term with TA. Or wait a little longer and afterwards move on according to developments.

Topic: Where's the bottom well? (Read 444 times)