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Author Topic: What is your opinions about today's trading?  (Read 1507 times)
Bushrat Jahan
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August 20, 2018, 05:41:32 AM
 #1

We are now experiencing a bear market and what is your thinking about the current scenario of market? Will this market recover soon? Need your suggestions can i start to do trade in this situation? If i can do trade in this market and how much probability to gain profit? 
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August 20, 2018, 07:57:41 AM
 #2

The market is in the next consolidation, so you just have to watch and wait when there will be a steady growth. I think now it is not worth trading within a day, too big risks.
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August 20, 2018, 08:13:54 AM
 #3

There is huge uncertainty in the market at the moment. Most of the alts have hit a big time low and have shown some prospect of growth based on recent movement and divergence. However, for BTC which we know apparently controls the market movement, we can see how much $6500 is proving to be a very stubborn resistance and several attempts to try to break it.

For now, it is more like the bulls and the bears trying to have a combat and unless there is a clear signal of who is taking the lead, it is always best to take precautionary measures and try to stay clear until coast is clear, unless you want to take quick profits anyway in some quick fluctuations.
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August 20, 2018, 08:30:21 AM
 #4

We are now experiencing a bear market and what is your thinking about the current scenario of market? Will this market recover soon? Need your suggestions can i start to do trade in this situation? If i can do trade in this market and how much probability to gain profit? 
The market has become bearish for a long time, and the schedule is shouting about it. Bears are treacherous, so wait until the market reaches the possible bottom, otherwise the robots will disassemble you.
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August 20, 2018, 09:02:54 AM
 #5

We are now experiencing a bear market and what is your thinking about the current scenario of market? Will this market recover soon? Need your suggestions can i start to do trade in this situation? If i can do trade in this market and how much probability to gain profit? 

Current scenario is very bleak, cold and miserable. It continue to struggle day by day and there are lots of investors who goes out and exit I assume because they don't like what they are seeing. If you know how to be a day trader then definitely you can make a profit. But the risk is too high, if you are willing and know how to short then go for it.

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August 20, 2018, 09:19:17 AM
 #6

We are now experiencing a bear market and what is your thinking about the current scenario of market? Will this market recover soon? Need your suggestions can i start to do trade in this situation? If i can do trade in this market and how much probability to gain profit? 
I think the only reason bitcoin is low and stays low these days is that everyone is watching each other. Whales are watching other whales, smaller fish like us watches what whales decides and it just stays there. The buy amounts are too high for a whale to drop the bitcoin price even further but they have a lot of money and they can lose some of it in order to make more.

It is a risk they will need to take if they want to do that, maybe they will spend a lot of time getting more bitcoin during these low times and they can just let it be and it can go up and they can make money that way or maybe they will buy short futures again and they will sell all their coins which will drop the price and with panic wave affect everyone else will sell as well which will mean whales will make money on shorts. They are just trying to figure out if they can afford spending money to drop and will it do the panic wave affect they pray on.
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August 20, 2018, 09:51:24 AM
 #7

We are now experiencing a bear market and what is your thinking about the current scenario of market? Will this market recover soon? Need your suggestions can i start to do trade in this situation? If i can do trade in this market and how much probability to gain profit? 

Yes you can do this without any problem and you can do it just the normal way as if you are doing that in the normal trading situation.

The bear market and its impact on the crypto currency is just temporary and how ever it is more than an opportunity for you to set up an excellent trade trend.

I have seen many people asking this type question all the time and for the reason had made an analysis based not he past trading experience and the data from CMC. You can have a look and understand it.


Year 2018, its been rough year until now starting from the first day. When December 2017 hike came into effect then everyone thought that next year bitcoin and most of the Top altcoins will spike themselves by doubling themselves in volume. With that thought in mind most of the people invested heavily at wrong time.

That was the initial event when 2018 started. We surged through mega dump in the period January to February by dropping ourself to 16,000 USD and then 10,000 USD all the way down to 30-40% from ATH of December.

Traders Who Invested in December :

These people suffered a lot due to this kind of drop. They already went down by 40% from initial investment and there is no way they are going to recover that investment until the time they see 16K plus prices. But according to what I read over the forum most of the people with hard truth sold their coins already in the bear and incurred with huge losses ranging from 20-40%.

Learning : This event taught us that whenever the market goes many folds high then its the worst time to invest. Do not think that if the market has hiked itself heavily means it has become stronger and it will grow even further. No, that is the worst outcome you can predict from that. So whenever the crypto currency is in bull run ( ~ 20% + high from initial value) then its not the time to enter the market but to halt your trading operations.


Traders Who Invested in February to May :

These were the traders who had the excited state after the ATH's. They made investment whenever the price dropped below 10K USD during this period. We had 4-6 such occurrences when the BTC price moved from 10K to 8K USD and it was the exact time when you will see heavy rush in the market and more 24 hours volume than any other period. However this was too soon to predict that the BTC might go boom at anytime after tomorrow, then after day after tomorrow but nothing like that happened and BTC dropped even further to lowest of 2018 that is 6K USD by April midway. People took further shot of investing at this period and then this pumped the market to 8K USD by the end of May. They had great time with this peak because most of them got the profits as they invested during the trough and sold at crest. Perfect trade! But not the best one.  

Learning: Investment should not be done in excitement because it may result in some sort of loss which could be unprecedented. In this group not all the people got benefited because many of the bought the coins at 10K USD which was still the highest point until the May. However there were people who bought the bitcoin by looking at the bottom price of BTC which was around 6K USD. Nonetheless they made great profits after BTC started its wave off the trough reaching 8 to 10K USD. So the second group here analysed the situation by somewhat studying the bottom price and made the profits.


Traders Who Invested in May to August :

These are the group of investors who have already understood that this year is not so good for bitcoin and it is all surrounded with the Bearish Trend of bitcoin and even other coins indeed. This taught good lesson and people have now created strategy of buying bitcoin by investing only when they see the bottom rates. Sometimes it is hard to see the bottom rate but with the current years movement it is finalised that bitcoin will never go down to 5.5-6K USD looking at the current trade volume of bitcoin. This group will benefit the most in this year because they are probably holding their coins, they know very well 8, 10K USD is nothing but illusion and what they need to do is, to wait and see BTC moving above 10K USD to have proper sell of from the bear trend.

Leanring : The best thing to do is, research your "trade trend". After looking at 8 months of data one can surely state that we are not going off the bearish trend so easily and thus it might get difficult to get profits in such time. So the best way to keep buying at the troughs and whenever you see the bottom price. DONT rush the bitcoin selling whenever you see little green spikes, that would be mad decision to take because you are still selling in the Bear trend and not profiting with great % share.

Bear Fear

For those who are not capable of having control over their investment can do one easy stuff : They can go for the short term trading along with the swing mode.  Though we are in the bear mode then also crypto currencies keep fluctuating within that bear wave by 5-10% on a day or two basis. It can be done with careful selection of coins with such volatility and still have profits being in the bear. With the time you may think that Bear is nothing and just nausea which can be overcome very easily.



My Conclusion from 2018 "Trade Trend"

I was very much disappointed when I first saw the dumpsters in crypto currencies as my investment in versatile coins was going down very crazy. But over the period I did notice these troughs and crest and cant tell you how important they are while investing into the crypto. Whenever I see wide open graph of BTC or any currency then we can clearly see that from January to August every coin has made a wavy pattern with long troughs and crest and then you realise that you could have bought at lowest rates and that too many times and could have sold at high rates many more times. This way profiting yourself multiple times and by re-inevstign your profits.



Key Notes :

1) There is still great possibility that this trend will continue.
2) There is NO POINT in asking when moon will come, because you can still gain profits whether its bear or bull.
3) Bearish trend is just your fear, it doesnt matter for how long it will stay.
4) Try to look at the smaller picture rather than bigger one, because no one knows the future trends.
5) You don't really need TA and other analysts to let you know whats coming, because you can predict whats the trough and when is the crest to buy and sell.
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August 20, 2018, 10:28:58 AM
 #8

I think it will not recover soon, in 2018 or early 2019. My opinion about making profit now is that holding strong coins.

nicster551
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August 20, 2018, 11:45:39 AM
 #9

We are now experiencing a bear market and what is your thinking about the current scenario of market? Will this market recover soon? Need your suggestions can i start to do trade in this situation? If i can do trade in this market and how much probability to gain profit? 

Still normal for me though I am not going to long for now since we are still on a downtrend and would put a perfect moment to short some coins for me to profit from it.

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August 20, 2018, 12:27:46 PM
 #10

Daily trading might be not beneficial today because of the current situation of the market. I suggest you to hold your coin and don't do trading because most of cryptocurrency today is losing and decreasing in price. Much better if you have huge capital in fiat, you could convert that to cryptocurrency and buy some coin and hold it for a while.
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August 20, 2018, 02:44:12 PM
 #11

Bitcoin and altcoins start with low value so always think that so today's trading is only repeat then repeat again in again like market grow then we experience drops i think look at worth even we already lose in investment if you try to risk in december 2017 like the possible now to earn in future is to invest again now then if you don't just leave or don't think anything bad nothing will happen in that we might lose again but that's crypto this is real investment of course you need to risk your money to earn because nobody will give it to you in free

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August 20, 2018, 03:43:33 PM
 #12

you can try trading and you can make profit, but the possibility of you actually making profit depends on your trading skills and experience!
for example one of the methods that you could try to make money is to buy the coins that are dumping hard. for instance when some altcoin is dumped 30%, you buy it as soon as the dump stopped or you saw signs of it slowing down, then buy some of it and wait for the recovery. as it makes a "dead cat bounce" you dump it for profit. this way you can make from 5% to 20% profit but higher profit can be riskier.

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August 20, 2018, 06:21:24 PM
 #13

The truth is Crypto has great opportunities to make very good amounts of money EVERY single day!!

The reality is, are you experienced and skilful enough.

You can make good money by just trading one coin ONLY!!!  like ETH, BTC.

Coins like ETH make moves of 10/20 points per day MULTIPLE times on some days!!!

A 20 point move with 50 ETH is $1000.

All you need is a margin/leverage account with $2000/3000, very good trading knowlege and skill.  Willing to take on greater risk for greater reward than other normal investments.

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August 20, 2018, 06:45:39 PM
 #14

I think the market will recover and now it's good time to start trading and to get prepared for further profit.
The problem is if you don't have enough patience or can't control your emotions. Wanting too much too fast often leads to failure, don't forget that.
So, engage all your skills and knowledge, develope some short term and long term strategy and move on.

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August 20, 2018, 06:59:22 PM
 #15

Try trading now, if somehow you can earn a profit in today's market
then go on. if you think it is hard to analyze the market now then
stop.
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August 20, 2018, 08:42:04 PM
 #16

Currently there's huge volatility on all markets and it's pretty easy to predict if the price is going up or down (in the short term).
I usually don't day trade, but I'm making an exception now, just because these significant price swings are perfect.

You'll see the Bitcoin price going up by 100 - 300 dollars and then dropping to its previous levels.
That pattern keeps repeating and if you have the funds, now is a good time to take advantage of that.

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August 20, 2018, 09:29:45 PM
Merited by IBGigglin (2)
 #17

Trading a bear market requires lots of experience because technical analysis will not save you...  you have to understand the underlying rules of trading and what's the appropriate position.

Theres several problems that can occur and most will not have the experience to deal with it.

1) The first problem is bitcoin is being heavily manipulated on margin... if you don't understand the correlation between bart candles along with shorts/longs and what a short/long squeeze is you are going to get rekt.

2) If you don't understand number 1, you have no chance of trading alt coins since they pump and dump based off of the understanding of number 1.

3) People capitulate more than you think is possible.. this is probably the last lesson you learn in crypto... people will not think like you.. they will do something incredibly frustrating and dumb.. and will capitulate like idiots way farther than you can even imagine.  Don't let your view on trading lead to you assuming everyone knows what you know.  It will get you rekt.

4) Money waiting on the sidelines has a double shelter... you can shelter in BTC or tether.. and that double shelter makes alt coins get destroyed in turbulent times.  People sitting on the sidelines acting like a chair that's being pulled back.. they'll keep pulling it back as long as you keep selling, and once they enter they'll sell at 12% gains or whatever and shelter again as you continue holding and not participating out of position.  You have to understand the thoughts of people who buy near the bottom over someone who maybe didn't if you're stuck in position... would you in a bear market if you bought at 100 sats really have a problem selling at 160 sats?  Of course you wouldn't.. so quit thinking like a  400 sat bagholder.

5)  This market is in a terrible catch 22, where everyone's waiting for ETF and if denied will horribly dump and if approved will absolutely moon off the planet... but either way bitcoin is better than alt coins.. alt coins will not see significant gains until bitcoin takes off from etf and will absolutely get destroyed if denied.  You're screwed either way unless entering and leaving positions scalping.

I'm not saying these as insults in any way, but from my exprience these are things people don't understand and why they get stuck in positions over 50% down.  Buying at whatever price and holding 100% altcoins is not the way to play this market and it will catch up with you (I'm sure this bear market has displayed this).... quit playing the 5 year plan and start playing the cycle... in losses itll take you from 80% down to about 20% down at worst, and will turn 10X over time to 100X or 1000X.


just_Alice
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August 20, 2018, 09:43:38 PM
 #18

We are now experiencing a bear market and what is your thinking about the current scenario of market? Will this market recover soon? Need your suggestions can i start to do trade in this situation? If i can do trade in this market and how much probability to gain profit? 
It all depends on what kind of trading are you interested in. For long-term trading or investing the situation now is kind of dramatic, even though there are positive news related to Bitcoin adoption, ETH is making lots of Smart Contracts and new tokens are appearing everyday, which means that the market is alive, trading only basing on predictions can be risky right now. However, the situation is rather suitable for daily trading, Bitcoin goes up and down by ~$200 everyday, just make very accurate and precise trend line and check for uptrends frequently. ETH is better for long-term trading right now, XRP can be used for both means IMO.
Kygo
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August 20, 2018, 09:59:06 PM
 #19


Bitcoin Price Prediction: Short Squeeze Incoming?

https://youtu.be/LlShoAaLPbI


The shorts have had trouble pushing price down. This type of price action along with high short interest is a recipe for a possible strong rally.

If we see the Bitcoin price first take out the resistance at $6,600 and then reach above $6,800 with strong volume, we expect an extended quick move toward $7,600.


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August 20, 2018, 10:20:24 PM
 #20


Bitcoin Price Prediction: Short Squeeze Incoming?

https://youtu.be/LlShoAaLPbI


The shorts have had trouble pushing price down. This type of price action along with high short interest is a recipe for a possible strong rally.

If we see the Bitcoin price first take out the resistance at $6,600 and then reach above $6,800 with strong volume, we expect an extended quick move toward $7,600.




Very very likely, the question is when they pull the trigger... its time for some of these capitulating bears to die Smiley

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