Traders you are talking about are most likely just making their own indicators or combining several ones. Even meme trend lines that you draw can be seen as indicators or volumes you combine with them. You can build an indicator from several data points by yourself. So there might be indicators ready for the tactic you are currently using without knowing it's already been automated. It's all really how you read the data or combine it with fundamentals.
Saying that you don't use an indicator usually implies that you don't trust just one indicator blindly.
I think it is not that quite easy to just draw a line yourself, it does take a bit of information which means that you are right with that meme trend lines, because every one of them actually do mean something. You need to know what they mean before you can understand if you are making a correct calculation or not, if you are not then of course they will look like memes and jokes, but if you know what they mean then you are going to actually see what the indicator is telling you. Unfortunately too many people are just looking at them like it's a joke, but that's not going to be that easy of a choice. I think the best thing to do in this case is to make sure that it can help you so you need to study and learn what it means. |
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actually for trading you have to learn more. Without proper knowledge could not possible continuously profit. Some times profit is not good for your fund. You invested on Bitcoin it is great. I think if anyone invest on Bitcoin he will be profited today or tomorrow. But for trading you have to gather knowledge about trading and you have to gather knowledge about fundamental annalists and technical analysis. And you have to know about cryptocurrency market. Then you will able to profit contentiously. So i will advice you to learn more and more about trading and market analysis. Or you have to invest and hold for long time foe next bull run market.
I agree with this, it is going to be an easy way of losing money if you start trading without first getting a good information and that's very crucial. I think it is quite important to remember that it is not going to be that much of an important thing if you just spend some time beforehand. A lot of people are still seeing the situation as "easy to make money by trading because a lot of people did it" but just because some others made it look easy doesn't mean that it will be easy for you as well. It is quite important to make as much money as possible by focusing on what you could be doing yourself and the amount of money you could make from it. Just study, learn, be better and then you could do much more profit later on. |
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I think This post should be moved to the Off Topic Section or Trading Discussion not here in the Marketplace.
also I don't get the point of this post? are you offering something here?
He does not even asking as for anything but just telling a story that produced that Specific site for trading meaning one thing for me and that is He is advertising that site for all of us to visit and nothing more. sorry but I am not interested in reading and also telling him to transfer all His account from coinbase to that site? doesn't he even think that this can be a scam attempt ? It's the woman in the story who asks money for him but maybe the story is only made up and the real intention of the OP is to promote his site. Let's only be careful because that site is not familiar to us. There are still real story who has the same theme or scheme as what the OP had shared but if the woman only wants to teach us how to trade, then why he must ask for our money? We are supposed to be the ones who will trade on our own, in order to test our ability if we are already good at trading or not, right after the women taught us. When it comes to practicing, we can be able to practice trading even without real money involved. We will only use a demo account. |
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Zimbabwe is a strong enough team that the US lost to them badly. USA is not that good at playing cricket, their performance is not that good. But Zimbabwe came into the match looking good enough to win them. Collecting 408 runs is a difficult task where Zimbabwe's batting performed very well and scored huge runs. However, USA batted later and were defeated by 304 runs, which was the highest margin of runs. While Zimbabwe scored 408 runs after 50 overs, USA lost badly losing all wickets in just 25.1 overs. So USA has nothing to be proud of they are not that strong team they are a normal team so they lost.
Yeah, Zimbabwe is stronger among Associate countries but not against big teams due to lack of experience and practice and no one care about this all right now but as African countries are kicking off things hopefully they will be improved their quality and performance in coming years which will surely help them as they are also well populated region and have enough support for this sport as well. USA is relatively new team which is having all Indian based players so just because of this we can expect consistency because their domestic setup is also not strong enough as we need for this game but as they are working hard, hopefully they will do good, but they need to encourage their domestic set-up which will help for better results just having adopted players will never help in long run. |
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If you believe history is repeating itself, it is possible. If I remember correctly, in 2020, bitcoin also dropped from $12k to $4k after bitcoin rose from $3k to $12k in 2019.
The halving is getting everyone very excited as it gets closer and closer to us, but let's not forget this year is very different from any other. I mean, economic crisis and high inflation is something bitcoin has never experienced before, so we also need to look closely at the market. I doubt if the economy can't recover, will the halving really be strong enough to make the market go up?
The 2019 season could very well be a good example of this year as well. I am expecting this year to be as good as it gets. I know that a lot of people are expecting it to be a bit different but I think it is going to be a good period to make some changes. It is going to be a bit difficult to see exactly the same but it could be similar. What parts of it could be similar? Well, we could go 4x from the bottom or a bit less, of course 4x from the bottom would be 60k because bottom was 15k, so I expect a little less, like maybe 40k type of deal, but of course that also means that we won't go down 50% but less so it could be 30k again. That would mean we doubled from bottom, but also we dropped from the top of the year as well. |
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But isn't it better if BTC breaks out of 31k - 32k resistance asap and pump to, let's say, 40k so when the Fed does their rate hikes BTC goes back down to 31k - 32k and turns that into support?
I think this week is gonna be crucial and that we'd know by Friday if there's gonna be an S/R flip or if we see BTC go back down and stay in the previous range.
I am not sure if it would be that simple to predict though. Because first of all we do not know if FED will increase it or not, of course we are predicting that it will but that doesn't mean that it will, it just means we predict it that it will and maybe we are wrong. Assuming that they do, then it is not a good idea to go up first and then drop, it is a good idea to drop first and then go up. That way the last thing we did would be going up, if we end up failing to break over it, and then it goes back to like 27-28 for example, then if we start going up again there wouldn't be a FED deal to look in the short term and we can break over 31k range a lot easier that way. It's the smarter way of approaching this if you ask me. |
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As a new investor who have no clue about market behavior it will be best to stick to top coins, this can't be emphasizes enough because of the various scam activities that usually happens in this space and most especially to new investors who can not identify scam projects from real projects.
It takes a lot of researching, observing and reading different guide to be able to identify scam projects and avoid them but not everyone has the time and patient for it.
I completely agree with you on that one, I believe newbies who are new in the industry should first learn everything and then think about investments, and initially, the best practice for them would be to only invest in the top and trusted cryptocurrencies that too when they are low in order to learn how trading works if they keep doing that and stay in the market, they will slowly start understanding everything and will be able to identify legit and scam projects over time. That's why it is better to not invest in new projects if you are new to cryptocurrencies because you can lose your money and won't even earn anything nor will learn anything, but if you invest in trusted coins and learn from them and from around the industry, you will one day be able to easily spot scam projects. Newbies who go into new projects have one thing on their mind; "I am too late to making big amounts of profit from bitcoin, that can't go x100, so I should invest into something new and take the risk, maybe I will find next bitcoin". We all know how many of them end up losing their money because of this, and that is why it doesn't make sense to invest into new things and we all know that's not going to be a smart decision even for veterans let alone newbies. However, that doesn't mean that we are going to not do it neither, there will still be some people who will do it one way or another and I believe that we shouldn't be really shocked about this neither, we should be considering this as normal and just hope that people do not invest all their money into it. |
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The market is still in a bear market, so it is very risky to invest in Altcoin in a bear market. Bear market is always a long term investment, Altcoin is never a long term investment.I think bitcoin is best for long term investment. When Bitcoin can break its previous ATH, it might be a good time to invest in altcoins. Altcoin markets are actually more volatile, they go up a little and go down quickly.So comparing altcoins and bitcoins everyone will prefer bitcoin. While Ultracoin offers good returns in a short period of time, there are also big losses.
I believe that it is not going to be that easy to decide between two different coins when we are talking about long term. Like for example ETH could be a good one for long term and even though it had a problem just recently with SEC, that doesn't change the fact that BNB is a good one as well. These type of things matter because in the end that is the way you make a profit, there is no other way. Basically people love to check the whole altcoin box out, but that's not a good idea. I do like a few coins that can be very long term, over a decade long holding and those ones are as good as bitcoin to me. I still do have majority of my investment in bitcoin of course but I can't say that I have no other investment, I still have some there. |
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Just buy the old projects because certainly if they have lasted the bear market, they eventually be among those altcoins that also will go up when bull run arrives. And it seem very close already since halving will be next year already. This is one of the tips to ensure that we take care of when choosing a project for an investment, they must have a past and long term existing progress in their offer, not that we cannot invest also on the newly introduced cryptocurrencies but they have to be from the reliable sources we have their guaranteed reputation over years in cryptocurrency, because we cannot afford out of our own mistake loose the entire money we are investing on them This is why I check the people behind it, if there is a project with people who have been good for a while, then I would understand that it is also quite similar for the next project. If those people worked on different projects before and made some money, that means it is going to be quite great for the next one as well. So, bunch of people who worked in maybe over a dozen different projects as part of something, then could become a bigger deal and make a profit later on as well if they end up building something together. This is why I believe that we should be careful about it, I know that it is not going to end up being that terrible but it is also not going to be that amazing neither if we are not careful. Always look at the team, that always matters. |
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We all know about the initial price increase when the year 2023 started but we have also witnessed how the price was after it reached $31k in March, till that moment until about a week ago, it has been struggling to stay up and not fall down much, and as soon as the news about SEC suing Binance and Coinbase came out, the market dipped even further causing more panic and FUD in the crypto traders from all around the globe.
Now, after so much time, the price has shown some positive movement but then again it has become stable at around $30k which was the previous resistance, now I don't really see any momentum or signal for the price to go up to $35k from here because it isn't being able to move up at the moment.
The fact that it has shown some positive movements is the reason why more people are going into it again, it just shows everyone that we are at a stage where it is doing fine again, which means that it is going to be a great thing. Obviously this depends on how good it could continue and if it can continue to do well then we are going to be fine. A lot of people will ignore such a thing and they will end up with buying no matter what because they saw it go up and they do not want to miss it, but I understand the logic behind it since it hasn't been this high for a while and wanting to buy at this level is reasonable. Plus we are not here for the first time, that is why it may have less people selling during this period as well. |
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a few days ago the price of bitcoin rose dramatically and maybe that price increase is also a sign that the SEC issue is over. my instinct says if there are no more issues like this then the price of bitcoin will continue to rise because more and more people are buying in preparation for a bullish welcome in 2024.
That's an usual expectation, if nothing like this happens again then I would expect the price to go up as well. It's normal that we are not going to end up with a big increase if there are troubles, and Binance thing was a bad one that kept it from going up for a while, but then people ignored it and it reached 30k+ easily. I think if nothing like that happens then the price will go up is the expected thing but we are not entirely sure if we should expect something like that or not, because if we do not see it happen like that then it wouldn't be a big deal but if we end up with another one then it's going to end up being a big problem since it could cause the price to drop again while we are on the run to go higher these days. |
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It's not about how to read chart and signal advise but it's all about how you see carefully of global situation. Signal only works if you know to making decision of you choice. Never trust whlaes signal, your money is your responbility Never dare to blame others if yourself never DYOR with your choice. Market is manipulation their have a lot of startegy to make you confused so just trying learn next step for every moment you will choice
Global situation is not that easy to see before it happens, we try our best but that doesn't mean that you will be able to succeed and things may change a lot. I think it is quite important to remember that not a lot of people are capable of doing that. The best thing we can do at this moment is to achieve a success by trying to predict with signals, this doesn't have to be whale, if you can do that then it is your own achievement and kudos to you, but doing a technical analysis and getting signals when it hits something is still a valid choice. A lot of people trade that way, if a certain thing hits a certain level then you buy type of analysis has been what the traders are using for a long time now, it is very important. |
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I know that the Bitcoin halving is coming next year, and the bull run will follow after that, based on my research. Everyone is doing their best to prepare. As a small Bitcoin investor, I don't want to be left out either. I have stepped up my game. For me, the best and least stressful method is the dollar-cost averaging (DCA) strategy, where I invest a certain amount of money periodically. However, I have encountered a problem. I struggle to keep up with the schedule because I have many other commitments outside of the Bitcoin space. Sometimes, I simply forget to DCA at the time I blocked off on my calendar for it. This requires discipline, but fortunately, there is technology available to help. I am wondering if there is a service or bot that can assist with effective and timely DCA execution?
You do not really need anything too fancy, just add a reminder on your Calendar app about buying bitcoin that day, now if your schedule is really that packed then it would be a better idea to make your buying period larger, so if you were buying bitcoin once every single week maybe you could change this to every other week or even monthly, this way you still get to execute a DCA strategy while at the same time you give yourself more room to do other activities. Buying Bitcoin isn't that time-consuming and I'm sure all of us will always have some free time no matter how busy we are. So that's it, your suggestion of using a reminder is already good. Indeed there is no need to complicate things when it comes to buying a Bitcoin and maybe it will only lead us for more losses if we insist because that software we are planning to use might be a scam or have some malwares injected to steal the cryptos in our own wallet. See, that's scary. Automated software is still helpful in other demanding things like for example in trading. Some of us can't do trading full-time because we have our obligations outside, so we just use a trading bot. |
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if we want to learn technical analysis, I think there are many references that can be studied. at first we have to understand support and resistance, because in that area we can usually use it to make money. but what is difficult is to set targets and stop losses that are mixed with emotion. and afterwards by doing practice we will automatically have experience, and that can be used to find our identity in trading according to our own style.
The OP wants to learn the "steps" which means we should start at the beginning but I think support and resistance are among the intermediate lessons already. We should not rush when it comes to learning how to trade because trading is not like investing which is only simple. Support and resistance are important in trading together with the others. They are essential to help us earn a profit in trading. Anyone can set a target. It's only easy to do but it's hard to stick to it especially if our target is kinda unrealistic so it would be better to lower it first and accomplish them before we move on to the next level. Emotion is one of our enemies in trading so we must learn to control it or avoid it as much as possible. |
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I really feel like Sri Lanka was feeling insulted to be playing in this qualifier. They must have thought that they should have qualified by default. I think they are expressing their anger and also having a good preparation for the World Cup throughout this qualifier tournament.
Yeah, chances for that is certain. In my opinion, Sri Lanka is the most superior team in this all event with their mostly young players are giving their best even they still need time for having improvement against top teams, but things are looking impressive, and they are playing aggressive cricket in this event which is helping them for having results like this currently their batsmen and bowlers are dominating in this event and having their mark with their performance specially Wanindu Hasaranga which is having 16 wickets in just three matches and Dimuth Karunaratne which is also having very good time in batting as well. Oman is having mostly adopted players and their start was also good but now suddenly they are on losing side with still they are in super sixes which is good and surely disappointment for the teams like Ireland and UAE which was good before this event. |
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Anyway, it looks like BCCI's recent bravado with selection and ignoring Ranji's top performers is making quite a noise. Everyone from Media, Former cricketers and even former selectors are unhappy with current developments.
They are focusing way too much on the IPL for international format selections which implies that they haven't learnt from their previous mistakes. That's the point everyone raising. Tbh it does look bad for Ranji players and it won't send a good message to domestic players. They are simply saying that it doesn't matter if you perform in Domestic or not as IPL is the main criteria for the selection process. Btw heard that Sarfaraz is neglected because of his fitness, which is a very old problem and i agree with that as he was told many times to get fit even Kohli told him to get in shape when he was in RCB. They also mentioned his off-field behavior which is not clear to me. I agreed about this even he is one of the best batsman from new generation and have impressive record in Ranji Trophy, but now he is fighting for the spot into Indian national team where he needs to have something special his on-field and off-field behavior which got many times reported, and his fitness issue is also not good for a national team right now, and we already have all reports about this all as well because I was reading about him, they are not ignored him just because of fitness his behavior is also main problem as well. Here dropping just Pujara is not good because I am feeling they need to bring few more youngsters for this tour as this is good chance for them to have better practice in West Indies with this all if they dropped Rahane or Kohli this also justified but no one can talk about this all as now we have final call from selectors. |
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being high ranked doesn't mean it will be high ranked forever. there are some cases that seemed to show that these high ranked coin just doesn't have the capability to climb back up again because
it was quite literally being abandoned by anyone who wanna invests.
people just prefer investing in newer coins that still have relatively low market capitalisation that just have better potential with disregarding all these formerly high rank coin so couldn't really determine the upcoming
altcoin season based on these high ranked coin, after all there's always change of position.
There are many old top coins that has shared the same fate as this. They can't succeed on climbing back into the ranks again because of the reason that new projects are better and has the modern solution to problems. Basically new coins revised and improve the old coins and the old coins can't catch up with the development of their competitor. Though there are old top altcoins that are still strong till today and competitors can't beat them knowing that they have a full support of their own community. I think that's mainly because they die, the development on them dies and that's the issue. This is the eternal discussion with crypto currencies, the new ones have an owner, literally someone at the top, and makes all the money and we are paying them to create this token, which is automatically a scam to me, I do not see any other way, however those are the ones that keep on developing and getting better these days, look at top 20 and how many of them have a creator, nearly half of them has it. Whereas old ones have no creator, so more decentralized, and not a scam, and legit, but because there is nobody developing it further, it takes years before we could see something changing and that seems to be the problem with them and unfortunately a serious issue. |
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I'd prefer it that way. I respect those who think they are making profits out of buying signals, it might be doing good for them. But I know a lot more people that are scammed this way.
So why not just learn it instead of asking what to do next? You save some money and maybe a headache. Leaning on something or someone else will not do us any good in the long run. What if they are suddenly gone? What weapon do we have afterward?
It's not like we are losing every day in trading, we fall then we learn. The experience will always be new. That's my point of view on how to do things when I realized that crypto trading is not something that is idle. It will keep on moving, upgrading, and changing, so we just have to adapt to it.
Having someone telling you what to do next is not adapting, it's called relying. There will be a point in our life where we cannot rely on anyone anymore.
I agree, people who are learning something all by themselves is a better thing and should be considered a big deal, I personally would love that to happen as well as hoped for and should be considered a good job. I know people are not approaching this subject like it would make sense, but that is the reality and if we want it to make sense then we need to make sure that we are at a good level and can do as well as hoped for without relying on anyone. I think it would be very important considering how it is not that easy to make that much profit. Realize that you need to learn yourself, and not rely on anyone is the number one thing anyone should do, that's the trick of it, everyone would do a lot better that way, and should be considering it a lot easier to handle. |
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Well, a very optimistic prediction of yours. With or without that ETF that's being filed by Blackrock, Bitcoin is expected to surpass it's previous ATH maybe next year or 2 years from now.
Anyway, it seems like the ETF filing of Blackrock really pushed the price of Bitcoin to around $30,000 currently. TBH, I don't know the impact of having a Bitcoin ETF towards the crypto market because we haven't seen any ETF filed that has become successful in the past years, so I'd be excited to see what will be the after effects of this ETF "IF" it will not get rejected, but at the same time, cautious as well. I might hold some Bitcoins for short to mid term because most see this ETF filing as a positive news thus, price of Bitcoin is increasing.
It seems like the $30,000 is now the support.
I am not entirely sure if it was Blackrock that made it push this far, sure it looks like we are talking about a good thing here but not all good things have a good result in the crypto world. Sometimes it does well and sometimes it doesn't do all that well. I think this one was one of the good ones that did well and I personally believe that blackrock doesn't have anything to do with the increase, sure it must have some small help here and there but the main reason was that people were done going down and it was much harder to go down, it required a lot more bitcoins to be sold, so we basically found our bottom and then it started to increase and go higher because of that. It's a good thing, we needed this increase for sure. |
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I like to stick to one strategy as long as it's working for me. The market is changing and evolving every day. So in order to compete with that, we do need multiple strategies. Even if you like it or not. And after sometimes, all the available strategies could become useless. That is why it is always the best idea to come up with our own strategy. We can adjust here and there in order to fine tune it based on market condition. It has worked for me before, and I am still doing it. Helps a lot and also pushes your skills to generate more knowledge. Following existing patterns and trading strategy already available on the internet is not recommended because many are already using it and others have already created better versions of that. So yes, I choose multiple trading strategies. It gives me freedom and more control over my decision making.
I agree, changing markets require changing strategies and that's an important thing, most people try to avoid that and they make a mistake but that's the way it goes, it should be remembered that markets are volatile so a single strategy can't be good for all kinds of changing situations, we will have a different result all the time. I prefer that it would be a good thing if we could end up with a good result, and that's not going to be enough, we need to just be ready for anything at all times. I have close to 12 different strategies by now, and I am not using all of them all the time, some gets used more frequently and some very rarely, but I feel like I pin pointed each of them to a strict situation and some of them work very well. |
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