How to recognize correct trading signals?

[DarkBullet]

What I usually do to confirm this trading signal is by comparing their chart to other's chart at tradingview.com. I also analyzing the fundamental results or cryptocurrency news if it will be a bad or good news. There are some patterns to be recognized what will be the next color of candle will appear and honestly, there are different kinds of trading patterns so it will be pretty confusing specially if the fundamental results doesn't match on the technical results. The safest thing to do is to not to set too much expectation of return of investment.

[emberbekas]

Many factors can affect the price movement on the market. And of course we will not be forever able to know which is the correct signal which isn't. Luck also plays a big role in the trade of crypto currencies. At current state, I may wait for the price of bitcoin to hit $4k again. I think, if the price will hit such number, that means the bull is on the way.

[ATMD]

Hi all,

Do you have any strategy how to recognize signals when market changes from bear to bull? I earned now some extra btc coins by selling on higher price and  buying at lower. But i am weak to see when market is changing to grow. Usually i buy in not correct time and after while positive grow is turned back to fall. But how to know when the signal for grow is the correct one? I tried to use indicators but there is huge number of false signals and this did not help me anyway.

The answer is no,no one can find out when the market is going bearish or bullish you may pick the signals based on the technical analysis but still it is not going to happen for sure so just believe in your luck and start buying now.

I thought about observing the trends in technical analysis too but like you said, it is not certain.

[kamudd]

for most people it is the most difficult thing in trading, which is determining the right time. Personally I also experienced difficulties and always took the wrong position to buy, but even so I never believed in signals because many of them only used to take advantage of all members or customers.

[nicolas1979]

Hi all,

Do you have any strategy how to recognize signals when market changes from bear to bull? I earned now some extra btc coins by selling on higher price and  buying at lower. But i am weak to see when market is changing to grow. Usually i buy in not correct time and after while positive grow is turned back to fall. But how to know when the signal for grow is the correct one? I tried to use indicators but there is huge number of false signals and this did not help me anyway.

I believe all depend your experience, more longer practice will make you understand market trend ( direction ). Indicator only follow market data and all calculation is prediction, specially about news. Not many people like with practice ( demo account ) but believe or not it will not waste your time because you already know in which point take the action.

[1Referee]

At current state, I may wait for the price of bitcoin to hit $4k again. I think, if the price will hit such number, that means the bull is on the way.

That's way too soon. I will only start to believe that the bottom is in once we conveniently break the yearly support that kept us above $5800 for such a long period of time, and stay above it. Don't forget that support levels turn resistance levels once broken through.

The thing is that the market has a bias towards being extremely bearish during Q1 of each year, which is why I don't expect the current month to yield anything of positive nature. Every increase that we have seen so far is shallow and doesn't signal any sort of confidence. It also doesn't help that the volumes drop rather quickly where we are right now.

Don't ever underestimate this market. $6000 was low people here were echoing. It can always go lower as we see, the same applies to current levels.

[TheUltraElite]

What I usually do to confirm this trading signal is by comparing their chart to other's chart at tradingview.com.

If you get getting some points on a chart from some other source, its better to throw that chart away because those are pump and dump groups only. Better do your own work analyzing the charts.

I also analyzing the fundamental results or cryptocurrency news if it will be a bad or good news.

There are a lot of crypto related news happening everyday but not every one of those have am impact. The weightage of news is often exaggerated.

There are some patterns to be recognized what will be the next color of candle will appear and honestly, there are different kinds of trading patterns so it will be pretty confusing specially if the fundamental results doesn't match on the technical results. The safest thing to do is to not to set too much expectation of return of investment.

You could just play the hodl game and stock up at the low prices and then go to sleep setting the alarm clock at the price you want to sell. This wont work for those who are day-trading.

[Robertqueen2]

In order to know the correct trading signals, you should first identify if this positive reversal is a correction reversal or a rally one. One method to recognize such signs is when the market successively reach new highs.

[MFahad]

Many factors can affect the price movement on the market. And of course we will not be forever able to know which is the correct signal which isn't. Luck also plays a big role in the trade of crypto currencies. At current state, I may wait for the price of bitcoin to hit $4k again. I think, if the price will hit such number, that means the bull is on the way.

No signal can be 100% correct. You should have a basic knowledge of TA in order to analysis the signals. We should not rely on the signals of groups, rather it is best to study the Technical analysis and then compare the signal with it. Then invest in the best coins from our own research.

[Sadlife]

Trading signals differ from each individual trader and most of the tools use is not completely accurate after all they are just speculation to begin with and to help lower the risk of your investment. I can only say try to learn and research the patterns and in time build your own strategy to recognize when to buy or sell. In the end no one is perfect and we all make mistakes so those suggestions of trading signals might be wrong.

[NathanJB]

Hi all,

Do you have any strategy how to recognize signals when market changes from bear to bull? I earned now some extra btc coins by selling on higher price and  buying at lower. But i am weak to see when market is changing to grow. Usually i buy in not correct time and after while positive grow is turned back to fall. But how to know when the signal for grow is the correct one? I tried to use indicators but there is huge number of false signals and this did not help me anyway.

Trading signals are like gambling guides. They could turn out right or wrong. They could turn out helpful or not. The only way to know whether the signal is right or wrong is the result of your trades. If the next candle corresponded to your analysis then such analysis is right but when it did not then it was wrong. At the end of the day, the movements of the lines in the charts are basically unpredictable.

[haroldtee]

Most supposed trading signals are false as the market remains unpredictable,you could try to establish a signal but definitely it'll only be based on your individual speculations and not 100% correct.
So it's better to study the market yourself and get to look for little patterns if theirs any

Anyone telling you about any trading signals is just based on his or her own observations,so establish yours

A lot of people always tend to see trading signal as false because they think market should be predictable. That is the idea, market is never predictable, you are only trying to anticipate the possibilities of a trend changing and trying to take advantage of it, otherwise, if the indicators are meant to give you 100% correct predictions, there would be no need for stop loss. It all depends on your strategy, how you approach the market, your trading plan as all these are important and of course, without some indicators or at least some price action to be able to put your strategy in place, how will you then have a strategy? Think about it!

[lenovop-70]

Not really found best answer in this discussion thread, but i think more time we do trade, will be more knowledge about signal to buy or sell, so i have advice to myself, never surrender no matter they cost, stay alert with market, what we get is definitely worth our effort. so keep it up my friend.

[TheUltraElite]

No signal can be 100% correct. You should have a basic knowledge of TA in order to analysis the signals. We should not rely on the signals of groups, rather it is best to study the Technical analysis and then compare the signal with it. Then invest in the best coins from our own research.

That is a good advice but do remember that most of the TA is often done by altcoin shills who are trying to pump their shitcoins for you to get trapped like a bulltrap. Now its difficult to get unbiased information so everything you see and hear on the internet pertaining to crypto should be taken with a grain of salt. You dont want to fall for a bulltrap with a shitcoin in hand and have nowhere to sell it to when the actually handler sold away their coins dropping the price.

In this context comes the undeniable proof that doing your own research is the best way to invest while having a sane mind and proper understanding of how things work will help.

[Savemore]

Hi all,

Do you have any strategy how to recognize signals when market changes from bear to bull? I earned now some extra btc coins by selling on higher price and  buying at lower. But i am weak to see when market is changing to grow. Usually i buy in not correct time and after while positive grow is turned back to fall. But how to know when the signal for grow is the correct one? I tried to use indicators but there is huge number of false signals and this did not help me anyway.

Do not believe to the trading signals that you can see in the internet because most of them are not true and the source is not reliable. It is really better if we will only trust ourselves for us to avoid loss.

[Theb]

Well the basics for this is to either identify the bullish and bearish confirmations on their charts. Any by confirmations I mean the supporting candlesticks for that said reversal or pivot point. You need to keep an eye out for the next candle it could either be a gap up/down, or a long candlestick supported with a rising volume both of which can be considered for either bullish/bearish reversals. This is more accurate when you are looking at a long-term chart not ranging from 5-10 minute charts which is usually being used by day traders in the market, you should look at least its daily charts if you are really looking for a reversal.

[Jahmal32]

Hi all,

Do you have any strategy how to recognize signals when market changes from bear to bull? I earned now some extra btc coins by selling on higher price and  buying at lower. But i am weak to see when market is changing to grow. Usually i buy in not correct time and after while positive grow is turned back to fall. But how to know when the signal for grow is the correct one? I tried to use indicators but there is huge number of false signals and this did not help me anyway.

Well, you can only do that in time. But again, no one is immune to false signals. In any case, you will have to sacrifice something, as the risks are always present. Even experienced players get into losing positions, but are insured by stop orders. But in the future, with one good trade, they just cover all the losses and come out in a plus. The main thing is not to miss such opportunities.

[b3llsf1l3s]

Hi all,

Do you have any strategy how to recognize signals when market changes from bear to bull? I earned now some extra btc coins by selling on higher price and  buying at lower. But i am weak to see when market is changing to grow. Usually i buy in not correct time and after while positive grow is turned back to fall. But how to know when the signal for grow is the correct one? I tried to use indicators but there is huge number of false signals and this did not help me anyway.

never believe in such signals, most of which are not real, testimonies from such channels are only fake, even in a severe market like now, I'm not sure all who have joined the signal channel get the same profit

[eaglewhite80]

Most times, when it comes to trend changes, the best way is a combination of price action as well as some mmomentum indicators and all these will have to do with your knowledge and what you are comfortable with. Basically for me, I make use of Stoch RSI, MAs, and price action to make my decisions, but of course, what works for me may not work for you as all these is dependent on your strategy as well as ability to make a plan before hitting a trading position and it is good to always remember that TA is not some voodoo shit that will tell you exactly what the future holds. You just gotta have a plan, which must always include stopping losses as the case may be in any of your trade.

[Lanatsa]

Hi all,

Do you have any strategy how to recognize signals when market changes from bear to bull? I earned now some extra btc coins by selling on higher price and  buying at lower. But i am weak to see when market is changing to grow. Usually i buy in not correct time and after while positive grow is turned back to fall. But how to know when the signal for grow is the correct one? I tried to use indicators but there is huge number of false signals and this did not help me anyway.

Just stick out on your previous ways on earning yet as you said you do able to earn some extra btc by just having that basic thing of trading.
Buy low Sell high. as long you can sustain this way then you are doing good. Don't chase up for more profits and worrying yourself that you do able to miss
 the sell or buy opportunities. Just do your work and as long it give greens then I don't see any reason to seek for more.