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Author Topic: 🤔 being on the right side of the trend....  (Read 404 times)
harm (OP)
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June 07, 2019, 04:11:53 PM
 #1

As bullish speculation in cryptocurrencies gathers pace, if the majority of traders and speculators use technical charts to trigger trade entries and exits over the short term, how useful are these tools in answering the only question that matters — being on the right side of the trend, and how long is the trend likely to last?

https://www.youtube.com/watch?v=h-iCOz7XGO8
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June 07, 2019, 05:53:13 PM
 #2

We should always buy on red and sell on green, but sometime sell on green can be wrong because if the price grow more after we sell then we get some profit. But always we should see how the trend is but we can't know exactly when price drop.
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June 08, 2019, 06:28:45 AM
 #3

Every trader and investors must not rely on technical analysis because it results in confusion most of the time. We can create our own speculation and analysis which sometimes contradicts with other's belief. It's still better to apply the basic rule of trading which is to buy low and to sell high without any complications yet the profit is still the better.
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June 08, 2019, 07:13:24 AM
 #4

We should always buy on red and sell on green, but sometime sell on green can be wrong because if the price grow more after we sell then we get some profit. But always we should see how the trend is but we can't know exactly when price drop.
Trading is really a very difficult job and to be rich based on trading is really an art. I always believe that no one can know for sure what the price of a coin will increase. We can only evaluate potential and find at a reasonable price and then buy more tokens.
Choose the appropriate profit level to sell and not be greedy.

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June 08, 2019, 07:37:00 AM
 #5

We should always buy on red and sell on green, but sometime sell on green can be wrong because if the price grow more after we sell then we get some profit. But always we should see how the trend is but we can't know exactly when price drop.
Nothins is wrong in sellin in green if you bought at red,profit is profit dont be greedy over it.We know cryptocurrencies are volatile,we dont know if the pump will continue or will suddenly fall to doom.Dont regret selling early as long as you have profit bear that in your mind.

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June 08, 2019, 07:53:46 AM
 #6

Even with technical analysis there's no way to know on how long the trend would last. There were times that TAs were correct but there were times too that they weren't accurate.

If you become familiar to the market, you wouldn't look to the daily trend. You look for the possible scenarios that can drive the market well but for holders, these trends won't affect our decisions, we're holding.



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June 08, 2019, 10:47:19 AM
 #7

We should always buy on red and sell on green, but sometime sell on green can be wrong because if the price grow more after we sell then we get some profit. But always we should see how the trend is but we can't know exactly when price drop.

The price of bitcoin is difficult to speculate, if you will be waiting for the highest potential price of coin at the moment there are chance you will miss an opportunity to sell at the best price. There is nothing wrong in selling when the price is going up, it is best to to sell at your target price than be greedy and wait for the price to go further.

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June 08, 2019, 11:18:41 AM
 #8

We should always buy on red and sell on green, but sometime sell on green can be wrong because if the price grow more after we sell then we get some profit. But always we should see how the trend is but we can't know exactly when price drop.

The price of the market change rapidly and it may change every hours or even minutes, sometimes we can see it it's green and sell it and then after it spike up to a much higher price in just a few moments, I think it is important to really check on the market price where it is stable on a specific price or it fluctuates for you not to be able to miss the opportunity to get more profits.

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June 08, 2019, 11:36:13 AM
 #9

We should always buy on red and sell on green, but sometime sell on green can be wrong because if the price grow more after we sell then we get some profit. But always we should see how the trend is but we can't know exactly when price drop.
Nothins is wrong in sellin in green if you bought at red,profit is profit dont be greedy over it.We know cryptocurrencies are volatile,we dont know if the pump will continue or will suddenly fall to doom.Dont regret selling early as long as you have profit bear that in your mind.

I agree on everything that you said but I think what the OP meant is it's better to maximize the profit you can get. of course being attentive to the
fluctuation is a must to prevent loss, every person who are trading knows about this.

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June 08, 2019, 12:07:45 PM
 #10

We should always buy on red and sell on green, but sometime sell on green can be wrong because if the price grow more after we sell then we get some profit. But always we should see how the trend is but we can't know exactly when price drop.

Dude,you comment is kinda pointless. Grin
Every trader knows that...
And no,we shouldn't always buy on red,because the price might go down even further.

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June 08, 2019, 12:14:46 PM
 #11

Being on the right side of the trend means positive and how long the trend tends to take place can't be ascertained dude but if you want to get profit then you must take advantage of the opportunities that exist, when the trend takes place then you must be to start your journey don't be late knowing that.

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June 08, 2019, 01:16:14 PM
 #12

I do think that we cannot always make perfect decisions , we cannot predict the market , it's generally luck by chance if you sold right before the price went down, you should know and bear this in mind that you cannot always get benefited in the market , more or so it's too risky to sell during the bullish or the bearish Trend.

I think we should wait for the market to be stabilized and the. Think of doing something, it's important to remember that there is no single formula to predict anything , what matters is that you stay strong and even if you make a mistake , you should be ready for the next opportunity.

Most of the people here have waited like 2 years for the next rise, it's just about patient , time and patience.

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June 08, 2019, 02:38:50 PM
 #13

We should always buy on red and sell on green, but sometime sell on green can be wrong because if the price grow more after we sell then we get some profit. But always we should see how the trend is but we can't know exactly when price drop.
Nothins is wrong in sellin in green if you bought at red,profit is profit dont be greedy over it.We know cryptocurrencies are volatile,we dont know if the pump will continue or will suddenly fall to doom.Dont regret selling early as long as you have profit bear that in your mind.
True, As long as you gain profit from it then it wasn't a bad choice at all.
There are some traders who lose more than their profit due to their greed .
So as long as you made profit from your trade you shouldn't feel sorry about it.
There is always a next chance so just move on and trade again.

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June 08, 2019, 05:43:39 PM
 #14

Even with technical analysis there's no way to know on how long the trend would last. There were times that TAs were correct but there were times too that they weren't accurate.

True. Technical Analysis can tell you the entry point. You just have to predict accumulation phase by studying few past trends and current range, and enter the market. But no chart will tell you the correct exit point. Everyone has different expectations from investment. Some are happy with 5-10% return while some look for 2x. With TA, you can predict that distribution phase has come but no TA will tell you how long will last and when is right time to exit. So TA can show you the path but achieving destiny entirely depends upon your personal efforts. 
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June 09, 2019, 04:02:51 AM
 #15

As bullish speculation in cryptocurrencies gathers pace, if the majority of traders and speculators use technical charts to trigger trade entries and exits over the short term, how useful are these tools in answering the only question that matters — being on the right side of the trend, and how long is the trend likely to last?

https://www.youtube.com/watch?v=h-iCOz7XGO8

Nothing is predictable in this market. We all know that anything can change in minutes, so we can't say for certain that we are on the right side and how long that trend will last. That's why we don't know when to sell, when to enter because that's how the market operates. Yes, TA might help us, but to a certain extend, in my opinion. For me everyone is just making a 'wild and educated' guess, and if you are lucky that your prediction is a hit. But majority of us feel, so it's very very hard to be on the right side of the trend.

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June 09, 2019, 04:12:21 AM
 #16

As bullish speculation in cryptocurrencies gathers pace, if the majority of traders and speculators use technical charts to trigger trade entries and exits over the short term, how useful are these tools in answering the only question that matters — being on the right side of the trend, and how long is the trend likely to last?

https://www.youtube.com/watch?v=h-iCOz7XGO8

Nothing is predictable in this market. We all know that anything can change in minutes, so we can't say for certain that we are on the right side and how long that trend will last. That's why we don't know when to sell, when to enter because that's how the market operates. Yes, TA might help us, but to a certain extend, in my opinion. For me everyone is just making a 'wild and educated' guess, and if you are lucky that your prediction is a hit. But majority of us feel, so it's very very hard to be on the right side of the trend.
I think this will only be predictable fundamentally, and it requires a long time to invest. technical analysis is only an approach, so we can determine actions. and all that is just a possibility
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June 09, 2019, 05:20:43 AM
 #17

The trend takes a long time only when it leaves the accumulation stage, in 2017 this stage was presented and it took almost 1 month, but it is necessary to know how to identify when it leaves that stage. Normally it is easy to determine when in the millionaire wallets they have around 70-80% of the accumulated bitcoins.
How can we find that millionaire wallet address?

If there is huge amount of buying or selling happening in single or multiple orders at the same time period then we should watchout for their results.
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June 09, 2019, 12:33:57 PM
 #18

Green Market, greens can make everyone happy but could make people excited and greedy too. Every traders and investor have different strategies and perspectives when it comes to using their coins. If I were a person with a lot of assets, I woudln't buy in short term or else I have a bunch of bitcoins in my wallet to play little by little ( this little is still worth millions though).
However, some people could payout and trade if they really need some money. It really depends on the situation and status.
Caladonian
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June 09, 2019, 12:49:07 PM
 #19

Even with technical analysis there's no way to know on how long the trend would last. There were times that TAs were correct but there were times too that they weren't accurate.

True. Technical Analysis can tell you the entry point. You just have to predict accumulation phase by studying few past trends and current range, and enter the market. But no chart will tell you the correct exit point. Everyone has different expectations from investment. Some are happy with 5-10% return while some look for 2x. With TA, you can predict that distribution phase has come but no TA will tell you how long will last and when is right time to exit. So TA can show you the path but achieving destiny entirely depends upon your personal efforts. 
Learning from past experience and with the help of your own assessment, you will then find suitable position to exit out with your trades, there's no exact turning points as mentioned, everything will continue to depends on how traders will take every opportunities to work with their perspectives.

You need to have good decision making, in order for you to be able to generate decent amount of profits from this venue of investment.
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June 09, 2019, 06:32:44 PM
 #20

I am not good on technical analysis, I just watch the market and buy, and sell off at my target. It's a personal lifestyle, I don't want any technical mentor to send crying signal to me and in turn tells me wait for days or weeks. I know what to do if am to wait for weeks. Although technical skill is important is one is to grow as a trader.
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