The trend is your friend if you know how to identify it))

[horrifiedx1]

How to determine the trend for bitcoin?

Share tools or your opinion on determining the turn for bitcoin.

The topic is interesting because correct knowledge of the Bitcoin trend will help predict the direction for 98% of altcoins according to my observations.

Well, you can check the statistic for people who search for Bitcoin. Personally I'm just gonna wait until this situation gets calmer than now and then I can predict the next decision that I will make or I can just wait until the next halving of Bitcoin, like after Bitcoin halving is done the Bitcoin market always gets trending and the price goes up too.

simply we can use trend line, very easy to do it. but what is difficult is to find a reversal area, where the price will reverse direction, and usually this is related to the strong support next to the Kirai, so the market cannot break through that strong defense, and finally the price has experienced saturation, and reversed direction due to the actions of the traders. traders and investors in the majority

[Vaculin]

How to determine the trend for bitcoin?
Share tools or your opinion on determining the turn for bitcoin.

If we are talking about trend, then it's surely depends on the news you are getting on the internet. You may need to subscribe on some of those news medias in the internet that are covering about Bitcoin and cryptocurrency in general, also keep a track on influencer's social medias as well because they could give you some insight about the hype/trend in later date.

Social media is one way to be more updated on the current events and trends of bitcoin. However, we should only rely for those news that are legit and reliable, and stay away from fake news. Also, learn some trends through participating in some legit telelgram channels, or even watching blogs from crypto influencers who have made big achievements in crypto.

[wxa7115]

Yhup, every trader must know and knowledgeable enough to identify the trends because trading against the trend is really not safe and it will be the worst nightmare because in just one mistake you will end up massive losses.  So better to learn more first before making decisions in trading to make sure the trends will be on our sides. 

At the end of the day in order to make money while we trade we need a trend to move in our desired direction, so for example if you buy bitcoin at 29k then you need bitcoin to go up to obtain any profits, so finding trends is the most basic skill we can learn and yet it is one of the most important.

And yet this is not easy, as the market can move in ways that are completely incomprehensible to us, forcing us to deal with many small losses as we try to identify when the next big trend will actually happen.

[milewilda]

Yhup, every trader must know and knowledgeable enough to identify the trends because trading against the trend is really not safe and it will be the worst nightmare because in just one mistake you will end up massive losses.  So better to learn more first before making decisions in trading to make sure the trends will be on our sides. 

At the end of the day in order to make money while we trade we need a trend to move in our desired direction, so for example if you buy bitcoin at 29k then you need bitcoin to go up to obtain any profits, so finding trends is the most basic skill we can learn and yet it is one of the most important.

And yet this is not easy, as the market can move in ways that are completely incomprehensible to us, forcing us to deal with many small losses as we try to identify when the next big trend will actually happen.

Thats why we do always have that impression that this market is really that unpredictable on the sense that there's no such thing about precise kind of speculation where everything would really be that totally in random or really that speculative thats why its never been easy to deal up with this market if you arent making yourself that skilled enough.Of course acquiring skills and knowledge would really
takes time and do need to have lots of effort before you could able to reach up into a certain extent where you could really assure yourself that you could at least
able to handle yourself even with these kind of unpredictabilities.

[LUCKMCFLY]

How to determine the trend for bitcoin?

Share tools or your opinion on determining the turn for bitcoin.

The topic is interesting because correct knowledge of the Bitcoin trend will help predict the direction for 98% of altcoins according to my observations.

You can't identify the future trend of Bitcoin and cryptocurrencies, it is possible to know the current and upcoming events of crypto and you have to make your own analysis also you can use the technical indicators to predict the approximate movements but it is not possible to identify the accurate movements of cryptocurrencies with any way.

For me, the BTC trend has many explanations according to the corresponding temporality, if it is short-term, the trend differs a lot from the long-term one, for me the long-term trend is bullish, because I know that bitcoin will have another movement where a new ATH will be reached, and the model that best explains it is PlanB's S2F model, so I totally stick to it because it's a predictive model that I trust a lot, and because it's not like a tool, but it has expiration.

[martyns]

For me, the BTC trend has many explanations according to the corresponding temporality, if it is short-term, the trend differs a lot from the long-term one, for me the long-term trend is bullish, because I know that bitcoin will have another movement where a new ATH will be reached, and the model that best explains it is PlanB's S2F model, so I totally stick to it because it's a predictive model that I trust a lot, and because it's not like a tool, but it has expiration.

BTC is the top coin that is trending all over the news, because of it's recent and heavy dump. The coin dump from $40k to $28k and it's currently unpredictable. Traders are making money from the coin, although some traders are losing their funds in Bitcoin. But those that Short and Long BTC are  in profits only if they know how to strategize and Know when the coin will fall a little, they will short it, and when the coin will also pump a little bit, the will long it on futures trading. BTC is analyse it predicted to dump to $20k before pumping and Making the long run to $100k

[sklopan]

There are quite a lot of such tools in this niche. It is important to know how to use them correctly in order to get more stealthy results.

[Wawa2013]

For me, the BTC trend has many explanations according to the corresponding temporality, if it is short-term, the trend differs a lot from the long-term one, for me the long-term trend is bullish, because I know that bitcoin will have another movement where a new ATH will be reached, and the model that best explains it is PlanB's S2F model, so I totally stick to it because it's a predictive model that I trust a lot, and because it's not like a tool, but it has expiration.

BTC is the top coin that is trending all over the news, because of it's recent and heavy dump. The coin dump from $40k to $28k and it's currently unpredictable. Traders are making money from the coin, although some traders are losing their funds in Bitcoin. But those that Short and Long BTC are  in profits only if they know how to strategize and Know when the coin will fall a little, they will short it, and when the coin will also pump a little bit, the will long it on futures trading. BTC is analyse it predicted to dump to $20k before pumping and Making the long run to $100k

If we study Bitcoin well, we certainly will not worry about the bearish trend that is happening in Bitcoin today. Because Bitcoin is indeed very volatile
in its movement, so sometimes it often suddenly dumps, but the next Bitcoin will rise again. Such is the movement of Bitcoin, even the decline in
Bitcoin which is quite deep as it is now is not the first time, Bitcoin has experienced a decline in price several times. The conclusion is how deep
the price of Bitcoin falls, Bitcoin can always recover and go higher. So the Bitcoin price drop below $30k should only be temporary, we just need
to be patient for the bullish trend to come. My experience is that investing in Bitcoin always gets a satisfying profit if I can be patient holding Bitcoin
in the long term.

[jostorres]

BTC is the top coin that is trending all over the news, because of it's recent and heavy dump. The coin dump from $40k to $28k and it's currently unpredictable. Traders are making money from the coin, although some traders are losing their funds in Bitcoin. But those that Short and Long BTC are  in profits only if they know how to strategize and Know when the coin will fall a little, they will short it, and when the coin will also pump a little bit, the will long it on futures trading. BTC is analyse it predicted to dump to $20k before pumping and Making the long run to $100k

Currently unpredictable? If the price didn't nose dive you aren't going to realize this but the truth is that btc is already unpredictable right at the beginning because of its high volatile state but yes it was mostly the traders that are gaining money now though not all are winning their trades but there are still some that will lose because they didn't execute it properly.

It is always best to trade and then keep some for investing long term as that will give you a better profit. You won't miss any good happenings that way. Some says that btc will dump 20k. That's too scary if it happen because that point is already low but if that is the only way for btc to hit 100k then why not? A little sacrifice is going to be fine.

[LUCKMCFLY]

I think that the trend has a lot to do with the timing of the trading you want to do, because the long-term trend is what really matters, but it is long-term, and as long as trends are chosen in lower timeframes, disorder begins and it is a disorder called "volatiity" and the lower the temporality is synonymous with having a faster reaction in case the market goes against it, since reacting quickly is sometimes a challenge, that is why the importance of placing a stop loss and take profit, if you can put both at the same time it would be ideal.

I truly believe that we should not be focusing on the "trend" when we are talking about the future, I mean isn't it obvious that it would be totally useless thing considering the trend doesn't matter when we are talking about the future of the situation?

It's clear to me that we are going to end up with something terribly easy to guess for the long term which is going up, it always goes up in the long term and will keep going up as well. It is that chaotic short term when you look at a small time-frame that ended up being a profitable thing for most people, or they lose money because it is not easy but that is how you end up trading if you want to profit.

Yes, of course, in fact, a friend who took the Wyckoff course told me that the teachers who explain Wyckoff only do scalping to show that they are right about what they think, they don't scalp just to make money, they do it to show that what they think and their way of seeing the market is correct, there comes a time when they only care about being right and that's it, they settle for that.

In this sense, those people who trade in this way the long-term market does not stop them much, they only concentrate on trading in the short term to earn money and in the case of the professors of the Wyckoff academy prove that they are right .