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Rebisco
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October 08, 2019, 05:32:26 AM |
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Someone send me a message asking me that how will i know when if bitcoin will go up or down when trading? and is trading based on luck? when i decide to answer the question openly, trading is risky as well but you can indeed limit your loss if you know when to trade.
1. When to trade
I belief that the best time to trade is right when bitcoin recovery takes place, the moment price stability occurs is another good time for trading or when price start surging.
2. How to trade
Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.
i am not perfect as well and i have lost some money in trading before i figured this out on my own and it works for me.
You need a lot of time and effort in order to know when is the right time to buy and sell cryptocurrencies. It is really hard to study at the beginning because of the chart, but I committed to mastery and that's why I became full time trader. |
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Vitamin_52
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October 08, 2019, 06:44:25 AM |
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It is quite difficult to predict where the market will go, sometimes at the recovery stage, a small increase and again down. No analysts can predict the bitcoin graph. Technical analysis is absolutely useless here.
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leea-1334
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October 08, 2019, 07:40:33 AM |
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It is hard to trade and to use analysis for crypto-market because this market is new for everyone. There are no experts,
this is not an exact since, people use what they can in order to make some profit. There are people who are more lucky,
or they found some method that works for them.
Every person has different time period for trading, not everyone can watch charts for hours. With different time for trading,
different bankroll, different exchanges and fees, each of us should find what suits us best. Find your position and try to make
the best from it.
Good point and sometimes a point people do not understand. Very hard to do analysis when you only have a few good years of trading data to understand. For me prior to 2016 is very difficult because the data was easier to manipulate and only happening in a small volume with small population of traders and exchanges. Currently,,, it is also full of manipulation but much more reliable! But we need maybe 5 to 10 more years of data for meaningful checking. |
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Inkdatar
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October 08, 2019, 08:25:09 AM |
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It is quite difficult to predict where the market will go, sometimes at the recovery stage, a small increase and again down. No analysts can predict the bitcoin graph. Technical analysis is absolutely useless here.
In trading industry that’s the flow in the market we may seen it at a dump stage of price and it may surge up. So usually the volatility is comprising. True no one can predict the price and during trading always be reminded not to be emotional and not to be greedy. This greed will ended up losing money once it’s in our system. |
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zeze18
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October 08, 2019, 08:42:56 AM |
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It is quite difficult to predict where the market will go, sometimes at the recovery stage, a small increase and again down. No analysts can predict the bitcoin graph. Technical analysis is absolutely useless here.
Nope. Technical analysis is quite useful for daytrading. You could see tradingview , there you can find top crypto analyst and some of their prediction is accurate. |
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Wysi
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October 08, 2019, 09:35:24 AM |
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It is quite difficult to predict where the market will go, sometimes at the recovery stage, a small increase and again down. No analysts can predict the bitcoin graph. Technical analysis is absolutely useless here.
Nope. Technical analysis is quite useful for daytrading. You could see tradingview , there you can find top crypto analyst and some of their prediction is accurate. I am not sure if technical analysis is still useful or not as it has not helped me much in quite some time now but it used to be useful during initial days. As the situation has changed now wherein there are so many predictions but less number of believers for those predictions due to the fact that the price wave going against the prediction. This is my personal opinion as it might have helped you. |
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Rufsilf
Sr. Member
 Offline
Activity: 1722
Merit: 309
Leading Crypto Sports Betting & Casino Platform
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October 08, 2019, 10:41:50 AM |
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It is quite difficult to predict where the market will go, sometimes at the recovery stage, a small increase and again down. No analysts can predict the bitcoin graph. Technical analysis is absolutely useless here.
Nope. Technical analysis is quite useful for daytrading. You could see tradingview , there you can find top crypto analyst and some of their prediction is accurate. I am not sure if technical analysis is still useful or not as it has not helped me much in quite some time now but it used to be useful during initial days. As the situation has changed now wherein there are so many predictions but less number of believers for those predictions due to the fact that the price wave going against the prediction. This is my personal opinion as it might have helped you. No, in a certain thing/time that TA's are very helpful but what I could see with the market today...is purely unknown. The market is so unpredictable, not in a single that we might be able to foresee its movement. If I were a trader today, I'd never want to used this strategy or to have any market speculations but rather to stay focus in every market changes, this is the only that could help to be guided. |
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setialovers
Member
Offline
Activity: 812
Merit: 11
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October 08, 2019, 11:26:21 AM |
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It is quite difficult to predict where the market will go, sometimes at the recovery stage, a small increase and again down. No analysts can predict the bitcoin graph. Technical analysis is absolutely useless here.
Nope. Technical analysis is quite useful for daytrading. You could see tradingview , there you can find top crypto analyst and some of their prediction is accurate. I am not sure if technical analysis is still useful or not as it has not helped me much in quite some time now but it used to be useful during initial days. As the situation has changed now wherein there are so many predictions but less number of believers for those predictions due to the fact that the price wave going against the prediction. This is my personal opinion as it might have helped you. No, in a certain thing/time that TA's are very helpful but what I could see with the market today...is purely unknown. The market is so unpredictable, not in a single that we might be able to foresee its movement. If I were a trader today, I'd never want to used this strategy or to have any market speculations but rather to stay focus in every market changes, this is the only that could help to be guided. I think technical analysis is still useful in the cryptocurrency market because in my opinion TA describes the psychological market and also the demand and supply in the market. For short-term trading, I think Technical analysis is useful for determining the trading position that we will execute |
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mrdeposit
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October 10, 2019, 03:14:47 PM |
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1. When to trade
I belief that the best time to trade is right when bitcoin recovery takes place, the moment price stability occurs is another good time for trading or when price start surging.
The topic of when to start trading is a very debatable topic, the right time can be different based on your strategy. This is something that requires longterm experience that newbies need to discover in themselves. 2. How to trade
Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.
Greed is a feeling that we all need to fight, and we will not be able to advance far without defeating it. Also, it would be more appropriate to use "move according to your balance" instead of "low amount". |
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Genemind
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October 10, 2019, 03:25:12 PM |
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Applying the basics of trading would tell you when is the perfect time to trade. Buy buying at low and selling when the prices are high is a good strategy for you to start trading. Being greedy would only lead you into losses. Just like in gambling, being too greedy might take away all that you have so you should know your limits.
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gaston castano
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October 10, 2019, 07:47:50 PM |
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everyone has their own way, and I think what you say has a point, but some people choose to trade in large numbers, the goal is to get a lot of profit and they also know the risks.
I also often lose in trading, so just enjoy it, do not need to think about it, what happened can not come back, better think for next.
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cryptonx
Sr. Member
Offline
Activity: 1176
Merit: 252
Futurov
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October 10, 2019, 08:53:05 PM |
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Someone send me a message asking me that how will i know when if bitcoin will go up or down when trading? and is trading based on luck? when i decide to answer the question openly, trading is risky as well but you can indeed limit your loss if you know when to trade.
1. When to trade
I belief that the best time to trade is right when bitcoin recovery takes place, the moment price stability occurs is another good time for trading or when price start surging.
2. How to trade
Actually in trading you need to put aside your greed, once greed gets over you losses will follow, limit your daily trading too or you will open door to losses, trade twice a day is enough, always use low amount when trading, do not trade with big amounts, slow trading wins the race.
i am not perfect as well and i have lost some money in trading before i figured this out on my own and it works for me.
yes, the key of trading is we must know when the right time to enter the market and exit the market in profit or by cut our loss short mate and use max of your funds not more than 5% in your trading activity to reduce the risk on our trading activity my friend |
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