Sideways trends have proved that technical analysis doesn't always mean anything.
About a month ago we hit 30k, and TA is constantly predicting a breakout up or down, usually up, but instead the market crabs sideways, something only a few people predicted, and most of them didn't use technical analysis to figure it out.
TA is such a pointless endeavor in a market that is so controlled and volatile by the current BTC price action, especially if it is dependent upon the behavior of whales.
What do you think about it?
it depends how you understand it. But i'm sure that those who knows how it really works and how very useful it is just to have a clue despite of being so volatile of market, will understand that sometimes making TA always depends on whats the situation of the market as well, and for that reason if you will not updated about what's happening of course your TA is useless and you need make another one because just like what i said it depends on the situation, so always make research before making TA to ge the real direction of the growth rate.. Indeed there's a bunch of useful indicators so why not using it tp assure your TA is correct.. |
|
|
|
You did the right decision. I think you have sold your Ethereum because your target was 1000-1100$. Now the price of Ethereum approximately 1900$. It was 2500$ a week ago. If you are still holding then I will suggest you hold it until 4k$. There are many lucky users who bought at the price of 600-700$ and sell 2000$ or may be at 4000$.
maybe OP exceed and expecting more profits that why he miss to sell off and ending up being stuck because its now turn to red.. Indeed if the target price is 1k and you achieve it then it's enough wherein instead of taking advantage the situation because it's still growing.. Actually thats like a trap if you don't sell off,, what i mean you will literally stuck up because when crypto currency breaks an ATH it will fluctuate without any sign because some holders has tend to dump when they all have enough profits.. So its always good too dump as well than exceeding because you don't know what will happen next while the growth rate still growing.. |
|
|
|
|
Don't make comparison mate through the chart because there's actually a big difference especially when it comes the situation, just keep monitoring the performance instead, and never place an order as long as it still crashing because its not safe wherein just wait for the right time and remember on this kind of situation even you see it turns green it doesn't mean it's a bullish, make analysis and always follow the trend for your safety..
|
|
|
|
|
Sad to say but there's no way you can recover it once it's done, even you have proofs of your transaction and you contact those support from the exchange for help it will be useless.. In fact this isn't the first time i saw some traders experience such issue, because this is a very common problem especially when it comes beginners, wherein lack of information that there's a bunch of scam exchanges out there and it's not trustworthy unless you make research and you find out its totally legit, sorry for your loss i hope it's not a huge amount.. Next time be careful and always make research because it can help a lot to prevent such exchanges..
|
|
|
|
Greeting BT Users,
As I am involved in the crypto world for the past 3-5 years and closely watching BTC when its price was around $400 - $700. When the BTC first pumped in 2017/2018 than it creates chaos in the whole world and more and more users are attracted because of the profit they see, but when the price suddenly down and BTC dumped to $5000 from $20k then a lot of new as well as experience users lost their money and also trust from Cryptocurrency.
Recently BTC again pumped and the price reached $60k and was predicted to touch the target of $100k but again the BTC price dumped around $35k - $38k. From all this pump and dumped I did not yet UNDERSTAND that why and how this happens and the difference is huge. BTC is considered the king of the crypto world and it causes the price Pump and Dumped of all the coins. Also Crypto market is untrustable as any person having a status/huge bank balance can easily manipulate the market as Elon Musk did.
Any expert can explain the reason behind those huge pump and dumped of BTC?
Like what's others saying crypto currency is about how people react and i agree with that. And honestly ever since before i don't see any events or news around the internet that didn't make an impact in the market, because it always make holder to panic selling wherein knowing it can cause loses and knowing as well it just a temporary situation and they all had a chance to recover if they will stay hodl. But sad to say it seems nothing when everytime there's a bad news that's why the crypto market always experience such reactions. |
|
|
|
I am now neutral on whether the bull market is still in place.
If the market changes to a big bull market, does it mean that meme coin has better returns?
After all, there is only 1-3 times the room for BTC to increase. Memes coins such as Dogecoin, SHiba, Dogira, TadPoleTADP and other animail coins have even higher declines, and rebound gains will be dozens of times. maybe? What do you think?
there's no way memes coin such what you have mentioned above can guarantee a profits while bitcoin is crashing because when there's something bad happens to bitcoin the whole market is crashing as well.. In fact those memes coins at this moment has the highest red percentage in the market, so how is that possible? Unless if doge create a masive pump because they're seems connected to each other. |
|
|
|
|
Of course it's always possible to happen when it comes investing in bitcoin. But it all depends how you can manage it. Because you know there's a lot of factors that always occur in the crypto space so if you cannot hold your emotions and if you fall to some frauds then it's possible to lose your money without knowing.. Like what you said bitcoin just follow the flow of what people attitude.. So if you can't hold you emotions because that's the most important in order to succeed surely you will end up losing money with it.
|
|
|
|
Anybody heard of Kishu coin? The coin has been marketed so much over the past month. I wonder if this coin can moon like Safemoon or Shiba Inu.
They're are both meme coin shibu and kishu so if you're asking because you're expecting it will moon, i suggest to always check the Coinmarketcap wherein for you to see if still have a potential because for me in my view right now seems they're both dying very very soon base on their red percentage in the market.. Actually i'm not surprised sice they are only a meme coin and mostly of it after dogecoin are now shitcoins indeed.. I suggest stay away on it instead.. |
|
|
|
|
There's a lot of opportunity when doing shorts but you need more time and efforts in it just to get the real sign of the trend..indeed i have such experience even the 1 day chart but after market getting worse, seems not good to trade for me because i always miss to get the real direction of the candles even using those bunch of indicators and strategy, it's still unpredictable and not 100% sure if the results after how many hours of making technical analysis will be the same. So i can't say this will be a safe way especially on this kind of situation wherein perhaps holding will still be the best choice to prevent more losses.
|
|
|
|
this is really a suspicious project so be careful in investing, seeing on its platform they don't have any reliable person who is responsible in managing the project so its a big no no for that. Listing on not known exchange is considerable for scam project.
traders should be aware in such information especially when it comes choosing a project . Because you know nowadays some of the scam projects can really pay for everything just to features their project anywhere, what i meant is even through trusted exchanges out there its possible they're paying for a fake volume also. Actually this is just my opinion.. But who knows? because indeed when it comes money people always fell to that trap. So in order to prevent such issue it's always good to make research first because its our consideration before making decisions.. |
|
|
|
The possibility of a price drop below 30K or even 20K is real,but I don't want to think about this right now.I'm gonna HODL,because I'm too scared.  The other strategy is to act like the bears on the market-sell now and buy cheap Bitcoins later. it's to hard to say now if it will gonna happen as it's keep holding right now at the current support level, indeed its been how many attempts to break it even the previous massive decline because of elon's and etc, seems to hard to think that this bad news will gonna break it after all.. And 20k seems unacceptable to happen.. Perhaps we need to wait for more results before making a estimated value.. |
|
|
|
I don't know the mentality of those idiots who dump their coins when some negative news from China appears in the media. Are they so dumb to sell their coins in panic?
we cannot blame them since China always makes an impact when there's such news across the internet and it really forcing a bunch of hodler to sell off immediately even before. The sad fact here is they still lack of confidence to keep hodl and still don't understand how this things works after such scenario wherein mostly just always regret and become upset at the end when there's a good improvement afterwards.. |
|
|
|
Investing on a project is everyone's personal choice because they are going to invest their money from from their own pocket so if they invested on a project because it promoted by reputed exchange means you ignorance is the reason for losing your money and the exchange will never come in this view.
correct.. Because even the exchange is trusted and those new projects can really pay for listing it will always be our consideration when it comes trading /investing and we can't blame them since that's the reason why they built that platform as well.. Especially now that there are some new features such staking and etc..so be aware because it's not their responsibility anymore. |
|
|
|
Wait a minute.. If this totally legit match up, this would be the very first time to happen in the boxing history outside the philippines, such both best filipino fighters, indeed, and i never heard such information that nonito will end up like this since he wants a rematch again with the monster like he said after winning in the previous fight. So how comes it turns like this and it's like a pinoy pride match up. as the matter fact i never saw Pacquiao fight against filipino fighters outside the country.. So this is very surprising to be honest.. |
|
|
|
BTC went up %13 in one day, as you guys might know. I know what caused it to decline (our troll friend Elon). What's causing it to rise back up?
the price seems very steady since the hard fall, so it means that's the support level, and because there's a positive sign and news around the internet as well it makes progress after how many weeks of being stuck up around 30k, for me it's either some of the traders and investor take advantage the news about El Salvador and follow the trend,, or bearish season is really done on the market.. |
|
|
|
There is also that possibility that the next elected El Salvador president will vetoed it and revoke Bitcoin as legal tender in their country. However, if there are incentives and benefits from the government and their people then why revoke it? Just because an organization that facilitate help to countries in terms of loans (with high interest) telling them to repeal Bitcoin? that argument doesn't make any sense.
maybe weak hands is going crazy again right now because of some news about El salvador and the results of the market after such news. Lol In fact you have point there mate. " Wherein if they really have incentives and benefits on it how comes they will revoke bitcoin." ? Seems this another fake news and really nonsense in my opinion. because it's not a joke when it's about money so how is that possible to happen ? . |
|
|
|
Hello Guys! What do you think that etherum is best pick of 2021 or BNB is best for 2021?? Give your opinion I think that etherum is best choice of 2021.
ethereum and BNB is a good choice if you have a large capital to invest mate because for sure they are still worth it.. However if you don't have such thing and you really need to pick one.. for me in my personal opinion probably i will suggest to pick which is at the support level and keep holding down the price since the hard fall, because for sure it will rapidly increase than the one who still making progress even market isn't fine.. But keep searching a good news on that both coin so that you can choose wisely. |
|
|
|
|
The best strategy is to follow the trend always,wherein than scalping because it's very risky to do especially when you use it and the market is so volatile, for men in my opinion it's not recommended unless if you're good in it.. However there's a lot of indicators that you can use to determine where will be the candles will go as long as you always at the right trend it will be accurate as always and safe as well.
|
|
|
|
|
Downtrend is already ended mate and in fact bitcoin shown a lot of way to make a bump in the price within this week, but unfortunately there are still some negative news occurred during the green wherein ban issue from china. So for me in my personal opinion that's the main reason why now it fell again from near 40k. But for sure it will not make a huge impact based on the reaction of bitcoin at this moment, what i mean maybe it will just make a corrections before it will continue to bullish and not another downtrend..
|
|
|
|
No stops as I have no time to make necessary analysis Target 12400Current price 33000 Optil 4 months, Previous forecasts probably you're not sure if its possible to fall back on your target price, since you don't have time to make analysis like what you said, wherein unless if you're a true fortune teller or something.. Lol Because you know in my opinion if it's possible to happen maybe it already made during the drastic decline, and so how about now that its near 40k again at this moment, just imagine if there's still a potential. For me one thing is for sure mate when it keep increasing more,, wherein you need to set another target.. |
|
|
|
|
Show Posts
