🤔 being on the right side of the trend....

[palle11]

how useful are these tools in answering the only question that matters — being on the right side of the trend

Some traders use trend lines to determine this by aiming a longer timeframe. The longer time frame can really give you a longer direction. Maybe from, daily, weekly and monthly.

and how long is the trend likely to last?

I don't know if this can be known because sometimes, some traders say market has been over bought or sold but it does not revert. It all depends because before the reversion it can take more time.

[Oceat]

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.

With enough analysis and observation of the market, somehow we can easily tell what would be the next possible move of the market. But of course, whales will just gonna use bots while we are sleeping, their bots don't sleep and they can easily get the profit that they want. And this makes harder to speculate the market since no one know when they would start to move.

[dddudidd]

I am sure the tool is only limited to helping.  regarding accuracy, I'm sure it won't be 100% right.  better to read and learn information and knowledge about crypto.  it will be more useful.

[Nellayar]

It is hard to predict the price. We never see it when and how much it will move. We are not Nostradamus and being in the right side of the trend is too difficult. As a matter of fact, I am more in the left side of the trend wherein I buy and place my order in a wrong time. However, I always try my best to cope up the profits I should made for my entire trading year. I always learn from my own mistakes and make it is a tool to become successful.

[wahyu wida]

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.

With enough analysis and observation of the market, somehow we can easily tell what would be the next possible move of the market. But of course, whales will just gonna use bots while we are sleeping, their bots don't sleep and they can easily get the profit that they want. And this makes harder to speculate the market since no one know when they would start to move.

indeed whales can change markets according to their wishes. it seems difficult for us to analyze their arrival. but my reference is market trends. and we must follow it. and I think with the increasing number of bitcoiners, it will be more troublesome whales to make FOMO or FUD, because they have to influence more psychologically more people

[freedomgo]

You will be rich if you are already in the right side of the trend, it's useful to you if you are a day trader as price volatility in crypto will sure make you profitable.

[kaya11]

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

Cut the loses, don't continue to old if you can't cope with the pressure the coin is giving you. You will regret and most likely fail in the next trades. If you see a small profit then don't be greedy, just get those and wait for another dump and buy. If you find an opening grab it and exit as early as you can.

[amktt]

i watched the video till the end its very helpful for new fish in the sea to understand the market as a big picture, keep up the good work thank you for the video

[TheCoinGrabber]

I've never used any tool. Guess I just find them complicated to use. I just base it on what price I bought what. Even if it's still rising, I may sell if I see there's already enough for me to profit.

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.

Nothing is certain. Even those using those "tools" can't correctly predict when there would be a change.

[maxreish]

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.

Certainly not a good if greed entered in our body. Just mess up the trades. And as long as you made enough profit, that's fine. Anyway, how can we define the right trend? Is it depends on the hype? The candles? We can always go on the right side of the trend confidently if we will use some technical analysis. Not just by buying low and selling high but to buy and sell in the proper time.