imapessimist (OP)
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February 28, 2018, 10:54:18 AM |
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I was expecting a dip before now but it's not happened. What are the signs a big dip is about to happen. Would it be at a particular time of day or would there be signs in the price that a fall is about to come. Or would it be totally unexpected and just suddenly happen. And the same for a huge rise?
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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FlightyPouch
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February 28, 2018, 11:13:48 AM |
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I was expecting a dip before now but it's not happened. What are the signs a big dip is about to happen. Would it be at a particular time of day or would there be signs in the price that a fall is about to come. Or would it be totally unexpected and just suddenly happen. And the same for a huge rise?
Being an investor of a volatile and decentralized digital currency, you must rely more on your experience and the price charts. As a trader, price charts are your companion and it will help you through your trading activities. I am not that professional in terms of trading though I know something that can help. Price charts gives pattern to traders that might help them, you can just read these article for it. Though I don't really know if this will help you or not. https://www.tradingsetupsreview.com/10-chart-patterns-price-action-trading/
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alyssa85
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February 28, 2018, 11:14:47 AM |
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I think bitcoin is going to break out to the upside. Look at the following image: It's been trading within a narrow channel that points downwards - but has just broken the upward wall of the channel. To me that signals a break upwards. If it had broken through the left hand wall downwards, that's when a big dip would have happened.
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matuson
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February 28, 2018, 11:23:45 AM |
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The behavior of the cryptocurrency has no templates. No one can predict the behavior of prices. Trading cryptocurrencies are not governing factors. Simultaneous actions of whales can change the behavior of the market in any direction. The success of the cryptocurrency market is more dependent on luck.
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ktabb
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February 28, 2018, 11:40:29 AM |
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I don't think there will be a lot of signs to tell you when a dip is coming. It might be caused by news, which can be random, or it might just happen randomly because the pool of new bitcoin investors is drying up. If you are going to make a bitcoin trade, you should base it on fundamentals and make it a long term trade.
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tweetbit
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February 28, 2018, 11:49:54 AM |
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It’s a little bit funny but as I experienced most of the time the best signs that a big dip is coming is the awakening of the panic minions in this forum. Remember those new accounts sharing bad propaganda, exaggerating small issues and connecting it to uncertainty and FUDS. The dip is not cheap and it is a group of people with one purpose to buy in low or promote other coins and that’s is only my observation.
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HODL
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arpon11
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February 28, 2018, 11:52:27 AM |
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In Stock, forex and commodities "big dip" can easily be spotted by using hangman candlestick price formation and you can use boligoband to confirm the signal but in cryptocurrencies it is a different boil game. We have see a very big price dumping by just a tweet from financial expert or governments officer. Most time most of the technical analysis tools are suspended and price will be moving without respect for support and resistance levels. If we are looking for when dip is about to happen then it is good we embrace fundamental analysis.
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Jet Cash
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February 28, 2018, 11:52:57 AM |
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It's difficult for me to determine the stats that one should consider. One such was the number of transactions per day, but as more spenders send transactions with multiple recipients, that seems to become less important.
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jtipt
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February 28, 2018, 12:06:43 PM |
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Or would it be totally unexpected and just suddenly happen. And the same for a huge rise?
Yes. You can try all the methods you want to try and speculate if a huge rise or a dip is coming, but at the end of the day there it will happen you least expect it, there is no way to predict it because there is no stable market for bitcoin. Sometimes $200-300 dip feels like it'll turn out to be a major dip but it turns out be a rise of $1000 the next day.
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BTCLovingDude
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BTC to the moon is inevitable...
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February 28, 2018, 12:16:44 PM |
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the easiest sign of an upcoming big dip is a big rise!
for example if you look at the charts you can see that every time there is a rise, it is followed by a big drop immediately after it. for example price goes up 100% then it drops 30%. this is also known as a correction which happens to be big in bitcoin since the rises are too fast and too big.
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--looking for signature--
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leea-1334
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February 28, 2018, 12:27:24 PM |
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I think the best sign of a big dip is an overheated market. Massive volumes that are only increasing week after week, prices just climbing higher without tracing back. And ATH after ATH broken and going for more. If this sounds familiar, then yes, it happened less than three months ago in December. Everybody was so happy, everybody kept saying more and more. Then the huge dip was on its way.
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teilwalL05
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February 28, 2018, 02:03:20 PM |
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Don't just believe in speculations that are not base on a logical chart that bitcoins gonna dip, If there are no solid evidence that bitcoin value will dip then don't believe it, And this are only predictions that may never turn out right, And if bitcoin dip then it is another chance to bought up or stock up for it to rise again, I really think it is best to sit back and relax.
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haroldtee
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February 28, 2018, 04:23:46 PM |
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I don't think there will be a lot of signs to tell you when a dip is coming. It might be caused by news, which can be random, or it might just happen randomly because the pool of new bitcoin investors is drying up. If you are going to make a bitcoin trade, you should base it on fundamentals and make it a long term trade.
Yeah. In a way, you can know if a market is trying to switch trends, but you cannot say if it is going to be a huge dip or a small correction until it happens anyway. Indicators and analysis are there for reasons and that is what one can always use to try to make market decisions to one's favor. One cannot always get it right all the time, but most of the time, you definitely will. It only takes some level of knowledge and experience to able to make use of those analysis to your advantage for a buying or selling position. Also, a dip or downtrend as the case may be will not just happen once, it takes time unless for a pump and dump market.
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harizen
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February 28, 2018, 05:20:41 PM |
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I was expecting a dip before now but it's not happened. What are the signs a big dip is about to happen. Would it be at a particular time of day or would there be signs in the price that a fall is about to come. Or would it be totally unexpected and just suddenly happen. And the same for a huge rise?
No one knows. Even as we speak, a big dip is possible even without a major news or something. Let me asked you first, why you are expecting a dip? To bought or purchase more crpytos? Honestly at most of the cases, waiting for a target sometimes wreck trader's and people startegy. If you are eyeing to purchase at bitcoin, enter at any current rate as long as you understand the risks. There are lots of reason that even how volatile bitcoin is, this can be considered as good for your long term goals. Now with the other altcoins, you can considered waiting for more dips as it was expected but like I said, as long as you understand the risks of buying then you can deal with your stated concern.
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player514
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February 28, 2018, 05:38:22 PM |
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I was expecting a dip before now but it's not happened. What are the signs a big dip is about to happen. Would it be at a particular time of day or would there be signs in the price that a fall is about to come. Or would it be totally unexpected and just suddenly happen. And the same for a huge rise?
Big dips are probably best understood in the context of news coverage and investors. Often times, if a big investor pulls his money out of bitcoin, that means that there will be a lot of FUD people following who just try to get their money out ASAP because they don't understand what's happening. Furthermore, every time that happens, the FUDs also mention how bitcoin is finally done for, which influences more people to sell. On the other hand, there are smarter people who buy the dip and get their profits when BTC stabilizes again. You should try to do that instead of worrying about the drops.
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This area is up for grabs! PM me if you're interested.
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buwaytress
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February 28, 2018, 07:04:36 PM |
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I was expecting a dip before now but it's not happened. What are the signs a big dip is about to happen. Would it be at a particular time of day or would there be signs in the price that a fall is about to come. Or would it be totally unexpected and just suddenly happen. And the same for a huge rise?
Big dips are probably best understood in the context of news coverage and investors. Often times, if a big investor pulls his money out of bitcoin, that means that there will be a lot of FUD people following who just try to get their money out ASAP because they don't understand what's happening. Furthermore, every time that happens, the FUDs also mention how bitcoin is finally done for, which influences more people to sell. On the other hand, there are smarter people who buy the dip and get their profits when BTC stabilizes again. You should try to do that instead of worrying about the drops. Perhaps this correlation was only made because these big whales dropping their Bitcoin only becomes news when prices are facing downward pressure. It's only natural to look for reasons when there really aren't many to explain precisely why Bitcoin rises and falls. I mean, you only need to look up news and historical charts to see that dumping also happened the entire stretch of Bitcoin's massive bull run last year. Those sell offs tend to be drops in the ocean, just as huge buys (as recently done by Bithumb) aren't followed by FOMO. I'm also not convinced that people who manage to buy into dips are that much smarter than others. Luckier, perhaps.
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fulmetal08larz
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February 28, 2018, 07:17:04 PM |
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The signs will be everywhere when an impending correction/dip is about to happen. Everybody will talk about BTC and join the hype- your neighbors, cab driver, social media friends, mainstream news, investment schemes, etc. will make the price reach another ATH. Fundamental Analysis and Technical Analysis are both useful as well, but only apply those which are applicable to your own strategy.
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imapessimist (OP)
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February 28, 2018, 10:48:06 PM |
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I was expecting the price to not go as high yet as 10.5k and thought it would drop to 8k and either stay there or drop nearly back to 7k and maybe as low as the 6k before. I'm surprised at people buying at 10.5k because that seems quite a high price to me. I could imagine day trader type people buying and hoping it might go a bit higher say to 11k but not for holders to buy at 10.5k.
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nydiacaskey01
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February 28, 2018, 11:30:35 PM |
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the easiest sign of an upcoming big dip is a big rise!
for example if you look at the charts you can see that every time there is a rise, it is followed by a big drop immediately after it. for example price goes up 100% then it drops 30%. this is also known as a correction which happens to be big in bitcoin since the rises are too fast and too big.
I agree, just like what happened last December 2017 when Bitcoin climbed almost $20,000 USD. The increase was fast, its not gradual and when it reached $20,000 USD boom like everyone wants to sell and slashed the price 40%. I am still positive that Bitcoin will surpass $20,000 USD this year. We are still in the 1st quarter of 2018 and if you look historically, price of Bitcoin surges at the last quarter.
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richardsNY
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February 28, 2018, 11:51:14 PM |
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I'm also not convinced that people who manage to buy into dips are that much smarter than others. Luckier, perhaps.
It depends. Smart money buys and sells in smaller fractions, where dumb money goes all in or all out. From there it's pretty easy to assume that smart money has more room for mistakes, which it can correct at any time when needed to still benefit. In other words, they are less dependent on the market to move in a certain direction, because they benefit from both up and down movements if done well. Luck is just one of the factors when it comes to trading, but even when it was the only factor, with the aforementioned in mind, smart money most of the times manages to get around that luck factor pretty easily, which makes the difference.
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