Bitcoin Forum

As bullish speculation in cryptocurrencies gathers pace, if the majority of traders and speculators use technical charts to trigger trade entries and exits over the short term, how useful are these tools in answering the only question that matters — being on the right side of the trend, and how long is the trend likely to last?

https://www.youtube.com/watch?v=h-iCOz7XGO8

We should always buy on red and sell on green, but sometime sell on green can be wrong because if the price grow more after we sell then we get some profit. But always we should see how the trend is but we can't know exactly when price drop.

Every trader and investors must not rely on technical analysis because it results in confusion most of the time. We can create our own speculation and analysis which sometimes contradicts with other's belief. It's still better to apply the basic rule of trading which is to buy low and to sell high without any complications yet the profit is still the better.

Trading is really a very difficult job and to be rich based on trading is really an art. I always believe that no one can know for sure what the price of a coin will increase. We can only evaluate potential and find at a reasonable price and then buy more tokens.
Choose the appropriate profit level to sell and not be greedy.

Nothins is wrong in sellin in green if you bought at red,profit is profit dont be greedy over it.We know cryptocurrencies are volatile,we dont know if the pump will continue or will suddenly fall to doom.Dont regret selling early as long as you have profit bear that in your mind.

Even with technical analysis there's no way to know on how long the trend would last. There were times that TAs were correct but there were times too that they weren't accurate.

If you become familiar to the market, you wouldn't look to the daily trend. You look for the possible scenarios that can drive the market well but for holders, these trends won't affect our decisions, we're holding.

The price of bitcoin is difficult to speculate, if you will be waiting for the highest potential price of coin at the moment there are chance you will miss an opportunity to sell at the best price. There is nothing wrong in selling when the price is going up, it is best to to sell at your target price than be greedy and wait for the price to go further.

The price of the market change rapidly and it may change every hours or even minutes, sometimes we can see it it's green and sell it and then after it spike up to a much higher price in just a few moments, I think it is important to really check on the market price where it is stable on a specific price or it fluctuates for you not to be able to miss the opportunity to get more profits.

I agree on everything that you said but I think what the OP meant is it's better to maximize the profit you can get. of course being attentive to the
fluctuation is a must to prevent loss, every person who are trading knows about this.

Dude,you comment is kinda pointless. ;D
Every trader knows that...
And no,we shouldn't always buy on red,because the price might go down even further.

Being on the right side of the trend means positive and how long the trend tends to take place can't be ascertained dude but if you want to get profit then you must take advantage of the opportunities that exist, when the trend takes place then you must be to start your journey don't be late knowing that.

I do think that we cannot always make perfect decisions , we cannot predict the market , it's generally luck by chance if you sold right before the price went down, you should know and bear this in mind that you cannot always get benefited in the market , more or so it's too risky to sell during the bullish or the bearish Trend.

I think we should wait for the market to be stabilized and the. Think of doing something, it's important to remember that there is no single formula to predict anything , what matters is that you stay strong and even if you make a mistake , you should be ready for the next opportunity.

Most of the people here have waited like 2 years for the next rise, it's just about patient , time and patience.

True, As long as you gain profit from it then it wasn't a bad choice at all.
There are some traders who lose more than their profit due to their greed .
So as long as you made profit from your trade you shouldn't feel sorry about it.
There is always a next chance so just move on and trade again.

True. Technical Analysis can tell you the entry point. You just have to predict accumulation phase by studying few past trends and current range, and enter the market. But no chart will tell you the correct exit point. Everyone has different expectations from investment. Some are happy with 5-10% return while some look for 2x. With TA, you can predict that distribution phase has come but no TA will tell you how long will last and when is right time to exit. So TA can show you the path but achieving destiny entirely depends upon your personal efforts. 

Nothing is predictable in this market. We all know that anything can change in minutes, so we can't say for certain that we are on the right side and how long that trend will last. That's why we don't know when to sell, when to enter because that's how the market operates. Yes, TA might help us, but to a certain extend, in my opinion. For me everyone is just making a 'wild and educated' guess, and if you are lucky that your prediction is a hit. But majority of us feel, so it's very very hard to be on the right side of the trend.

I think this will only be predictable fundamentally, and it requires a long time to invest. technical analysis is only an approach, so we can determine actions. and all that is just a possibility

How can we find that millionaire wallet address?

If there is huge amount of buying or selling happening in single or multiple orders at the same time period then we should watchout for their results.

Green Market, greens can make everyone happy but could make people excited and greedy too. Every traders and investor have different strategies and perspectives when it comes to using their coins. If I were a person with a lot of assets, I woudln't buy in short term or else I have a bunch of bitcoins in my wallet to play little by little ( this little is still worth millions though).
However, some people could payout and trade if they really need some money. It really depends on the situation and status.

Learning from past experience and with the help of your own assessment, you will then find suitable position to exit out with your trades, there's no exact turning points as mentioned, everything will continue to depends on how traders will take every opportunities to work with their perspectives.

You need to have good decision making, in order for you to be able to generate decent amount of profits from this venue of investment.

I am not good on technical analysis, I just watch the market and buy, and sell off at my target. It's a personal lifestyle, I don't want any technical mentor to send crying signal to me and in turn tells me wait for days or weeks. I know what to do if am to wait for weeks. Although technical skill is important is one is to grow as a trader.

Some traders use trend lines to determine this by aiming a longer timeframe. The longer time frame can really give you a longer direction. Maybe from, daily, weekly and monthly.


I don't know if this can be known because sometimes, some traders say market has been over bought or sold but it does not revert. It all depends because before the reversion it can take more time.

With enough analysis and observation of the market, somehow we can easily tell what would be the next possible move of the market. But of course, whales will just gonna use bots while we are sleeping, their bots don't sleep and they can easily get the profit that they want. And this makes harder to speculate the market since no one know when they would start to move.

I am sure the tool is only limited to helping.  regarding accuracy, I'm sure it won't be 100% right.  better to read and learn information and knowledge about crypto.  it will be more useful.

It is hard to predict the price. We never see it when and how much it will move. We are not Nostradamus and being in the right side of the trend is too difficult. As a matter of fact, I am more in the left side of the trend wherein I buy and place my order in a wrong time. However, I always try my best to cope up the profits I should made for my entire trading year. I always learn from my own mistakes and make it is a tool to become successful.

indeed whales can change markets according to their wishes. it seems difficult for us to analyze their arrival. but my reference is market trends. and we must follow it. and I think with the increasing number of bitcoiners, it will be more troublesome whales to make FOMO or FUD, because they have to influence more psychologically more people

You will be rich if you are already in the right side of the trend, it's useful to you if you are a day trader as price volatility in crypto will sure make you profitable.

Cut the loses, don't continue to old if you can't cope with the pressure the coin is giving you. You will regret and most likely fail in the next trades. If you see a small profit then don't be greedy, just get those and wait for another dump and buy. If you find an opening grab it and exit as early as you can.

i watched the video till the end its very helpful for new fish in the sea to understand the market as a big picture, keep up the good work thank you for the video

I've never used any tool. Guess I just find them complicated to use. I just base it on what price I bought what. Even if it's still rising, I may sell if I see there's already enough for me to profit.


Nothing is certain. Even those using those "tools" can't correctly predict when there would be a change.

Certainly not a good if greed entered in our body. Just mess up the trades. And as long as you made enough profit, that's fine. Anyway, how can we define the right trend? Is it depends on the hype? The candles? We can always go on the right side of the trend confidently if we will use some technical analysis. Not just by buying low and selling high but to buy and sell in the proper time.