pempek19 (OP)
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August 14, 2018, 06:49:11 AM |
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How to trade for bitcoin when it is bearish? Is it fixated on the FA, or do you still use TA. Please enlighten me, thanks.
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btc_angela
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August 14, 2018, 07:21:12 AM |
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How to trade for bitcoin when it is bearish? Is it fixated on the FA, or do you still use TA. Please enlighten me, thanks.
If you really wanted to trade then short it. However, its not advisable because bitcoin is not a pump-and-dump coin. Obviously, there must be something that trigger the panic again. If you are in for the long haul then why buy bitcoin at this price, its cheap and then just hold for another year and see how it goes. |
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mk4
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August 14, 2018, 07:25:25 AM |
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A good trader can make profit trading bitcoin or cryptocurrencies in general even if the markets are dropping, simply because cryptocurrencies don't crash straight down anyway. There are always small 1-3% price bumps whereas you can profit on, or you could do margin trading on sites like BitMEX. And yes, using TA.
I'm a trading newb though so I definitely wouldn't give advice. ¯\_(ツ)_/¯
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harizen
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August 14, 2018, 07:33:02 AM |
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How to trade for bitcoin when it is bearish? Is it fixated on the FA, or do you still use TA. Please enlighten me, thanks.
Still the usual trade but somehow more risky because the most dominant action is the bearish. It's difficult to monitor all day long the price swing just to make profit out of trades. In other words, if you are not an experienced trader better refrain from doing short trades as it might wrecked your trading funds. Instead, wait for at least well maintained price movement before executing short trades if you are really eager to do it. FA or TA can be considered as reference but believed me, you can't get help by these all the time . |
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pempek19 (OP)
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August 14, 2018, 07:38:31 AM |
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A good trader can make profit trading bitcoin or cryptocurrencies in general even if the markets are dropping, simply because cryptocurrencies don't crash straight down anyway. There are always small 1-3% price bumps whereas you can profit on, or you could do margin trading on sites like BitMEX. And yes, using TA.
I'm a trading newb though so I definitely wouldn't give advice. ¯\_(ツ)_/¯
Thanks for your advice, I'm clear with bitmex. Nearly 40% of the location of the Trading Fund is affected by margin calls. Lm bitmex is a bot world, not for humans. |
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tosmartak
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August 14, 2018, 07:57:26 AM |
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How to trade for bitcoin when it is bearish? Is it fixated on the FA, or do you still use TA. Please enlighten me, thanks.
Unless you want to go the leverage way, there is no way you can trade the bearish normally, than to get into fiat, and buy back when the trend changes, based on any of the time frame you have decided to use, and by that you should obviously know how to analyse the market trend. I would not advise leverage trading for anyone who is just starting their career in trading, but if you insist, you can go ahead to start shorting some markets on bitmex as that can give you the opportunity to trade the bearish modes of the listed markets. |
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enawati
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August 14, 2018, 08:09:45 AM |
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There are many trading platform that offer Bitcoin CFD trading product and futures trading that allow trader to make profit from shorting open potition , like many forex broker ( Tickmil, Octa FX, FX Open, Weltrade etc), and futures trading offer by Bitmex, Okex, Finbitex etc.
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berrygood
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August 14, 2018, 08:16:05 AM |
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I think you don't have to trade it, just waiting in some situations may be even profitable compared to stress you handle and profit you make.
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NeuroticFish
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August 14, 2018, 08:23:38 AM |
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How to trade for bitcoin when it is bearish? I think that if you don't know what to do, you better stay away. I mean, OK, gather all the info you need, simulate what would you do (based on the advises) and do this only if you are 100% certain. And until then, stick to what you know and trade only on bullish market. Its time will also come... |
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1Referee
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August 14, 2018, 08:32:16 AM |
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Don't trade against the market, move with it.
If you have been closely following the market (probably not) you would have seen that the only consistent aspect of this market is the constantly lower highs and lower lows. Purely based on this bearish downtrend pattern (if the downtrend continues), the lower low should be somewhere around $5000 and the next lower high should be somewhere around the $7000 level.
For the people thinking this is fud or I am trying to scare off noobs, seriously, get lost already.
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BTCLovingDude
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BTC to the moon is inevitable...
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August 14, 2018, 08:42:54 AM |
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bitcoin has not been bearish for a while now. price is more stable than anything else. and as you can see it keeps on coming back to $6k bottom no matter what they do to it with their manipulation and panic sells because it is a strong bottom.
the way you trade right now is either buy the dips and sell the highs after the recoveries which can take about a week or even shorter. for instance buying at $5880-$5950 today and selling it above $6k could have been a profitable day-trade.
OR you buy the dips as your long term investment in which case you place buy orders all around $6k to fill them up slowly.
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darthmaul
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August 14, 2018, 09:49:28 AM |
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How to trade for bitcoin when it is bearish? Is it fixated on the FA, or do you still use TA. Please enlighten me, thanks.
Never believed in the TA mate because that is just not the right way to work with the crypto currency. I am 99% sure that only 1% of the TA's will be right or upto the mark and hence it is hard to find them. You better focus on the fundamentals. Right now the market isn't moving because of these kind of factor but more or less because of artificial deeds. I am sure that whales has got to do many things right now. They are manipulating this market because they want to get in and buy more than what they could afford because they know big pump is coming soon. Thats what it is all about, the bearish isn't true, its been done. |
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ricardobs
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August 15, 2018, 10:06:48 AM |
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How to trade for bitcoin when it is bearish? Is it fixated on the FA, or do you still use TA. Please enlighten me, thanks.
Maybe you should try Hodl if you have what it takes and that’s patience. Since the price is low according to many people, and there is this expectation from people that price will go up at any time, so why not just Hodl for a long time and see what happens if the price go up, maybe by the end of this month or so. Unless you prefer the short day trading, where you will trade with the daily up and downs and withdraw little profit. |
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elegant_joylin
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August 15, 2018, 10:09:41 AM |
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How to trade for bitcoin when it is bearish? Is it fixated on the FA, or do you still use TA. Please enlighten me, thanks.
You can use both. However, the market is really volatile and needs some correction sometime. I don't think we're entering bear market, this is just correction and profit-taking of some investors. |
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aervin11
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August 15, 2018, 10:42:46 AM |
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How to trade for bitcoin when it is bearish? Is it fixated on the FA, or do you still use TA. Please enlighten me, thanks.
No more TA and FA is right at the moment. It's all the big players game and nobody mentioned we lose about 20BillionUSD on marketcap but when there is 5Billion that's coming in there were big news about that just to get small players enter the market. Here, for those who are telling you about their TA must have made atleast a bitcoin per trade, if not, they are not doing well. |
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LilPancakes2
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August 15, 2018, 10:58:12 AM |
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To everyone rushing back into BTC from altcoins: What matters is that you learn why Bitcoin needs to be conservative in its development.
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richminded
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August 15, 2018, 11:06:46 AM |
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How to trade for bitcoin when it is bearish? Is it fixated on the FA, or do you still use TA. Please enlighten me, thanks.
Depends on your strategy, and if you don’t know how to trade well better to invest and hold on good coins. Trading in a bearish market is very risky, your time is important here and if you just missed one candle sign, for sure losses will appear to you. Trade with good coins and fast moving coins, but it will take a lot of risk so be ready. |
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Davil
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August 15, 2018, 12:37:41 PM |
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Quite difficult, you can still make money shorting, taking positions in futures... but in a bear market like this trying to trade, if you haven't got much experience, is like they say "catching a falling knife".
Not the best moment to trade, so. I would rather buy and hodl for some time, like other members have suggested.
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Dontme
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August 15, 2018, 12:43:29 PM |
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How to trade for bitcoin when it is bearish? Is it fixated on the FA, or do you still use TA. Please enlighten me, thanks.
Never try to trade in the deep, there is big possibilities that you lose big amount and cry at the end. I think those are only for the rich people they can play with their money since they have a lot of money. |
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ajdaj
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August 15, 2018, 03:55:35 PM |
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How to trade for bitcoin when it is bearish? Is it fixated on the FA, or do you still use TA. Please enlighten me, thanks.
Never try to trade in the deep, there is big possibilities that you lose big amount and cry at the end. I think those are only for the rich people they can play with their money since they have a lot of money. It seems to me that today it is very difficult to get trade with the current state of the market. In any case, today after another drop, the market has turned a little green, and even the etherium has shown a plus of 6% growth. |
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