Will this trading technique work ?

[so98nn]

Hello Bitcointalker's !

Looking at the increased volatility of Bitcoin market; possibly due to nearing halving one can grab an opportunity to earn tones of money from trading.

Please refer to the attached image for lucid imagination. The strategy might look like Day trading or quick buy-sell or whatever you call but surely this can be followed until halving comes close.

Everyday, without fail you start the trading and observe the BUY POINTS and also INCREASE BUY VALUE POINT. Buy point would be normal drop in the value of BTC as compared to everyday steady line while on the other hand Increase buy value point would be the one followed right after huge spike and then drop in value.

This last one would put huge marginal difference thats why one can increase the amount of buying.

Off course a sell would be followed each time BTC spikes in value.

Let's not touch the trade when it is having steady lines.

Inference : This shall be followed everyday from now, at least for few times a day until halving.

Conclusion : Halving might be big factor in creating systematic trade plan as mentioned about since it is giving ups-downs from few days. The turbulence might just rise more giving more sound idea on how to use above technique.


 

[joniboini]

What exactly determines a buy point except that it's a drop? 5%? 3%? How far of a drop would you consider it a buy point?

Look like you're trying to catch a falling knife hoping the drop will start another move up. It might work as long as you're lucky but it's not a solid strategy imo.

[sheenshane]

What exactly determines a buy point except that it's a drop? 5%? 3%? How far of a drop would you consider it a buy point?

Good question mate.

In the previous price chart, you can simply create your own technical analysis but the fact you don't know what will happen in the next movement of the price, which is identifying of buying and selling point. Using OP's technique is very common to traders but it seems like you are just predicting the market with your own analysis(which is every one of us can make our own technique and analysis).

There are many speculations about the upcoming event, the Bitcoin's next halving reward. But let just wait and I'm sure there will be a big impact of Bitcoin price soon right after halving will occurred.

[Baofeng]

What exactly determines a buy point except that it's a drop? 5%? 3%? How far of a drop would you consider it a buy point?

Look like you're trying to catch a falling knife hoping the drop will start another move up. It might work as long as you're lucky but it's not a solid strategy imo.

Exactly, we really know what is the bottom price, we really don't know, it can rebound in the next couple of minutes or hours, that's why it is really hard to consider a buying point. We could also see dead cat bounce, wherein it will be just temporary rebound or recovery.

[MCDev]

Of course, if we can determine the exact point to buy and sell, we will become a millionaire, but the problem here is that no one can know where to buy and where to sell.
The movement of the cryptocurrency market is unpredictable, charts are for reference only, people shouldn't be too dependent on them.

[milewilda]

What exactly determines a buy point except that it's a drop? 5%? 3%? How far of a drop would you consider it a buy point?

Look like you're trying to catch a falling knife hoping the drop will start another move up. It might work as long as you're lucky but it's not a solid strategy imo.

It would really be a gamble from time to time yet were dealing on a very speculative market. 3-5% drop isnt a solid factor anytime for us to consider to buy but these kind of
trading behavior would suit out for scalping or on 5-15-1hr TF but for daily then i wont make use of this strategy.Well, it might worked for him but results wont really be similar
for others.As long we do make profits no matter what strategy we've been using then utilize that one as long its effective.

[carter34]

I know that buying low and selling higher is every body's plan. From the map therefore, the place we have the bitcoin value is actually the area for a buy. At a time that place, the market neears a rally up again. Identifying and buy at the right time is a testimony of gains.

[BitMaxz]

Your plan will work if you always buy at a low price and sell high it won't work on a daily basis but if you don't care about the fees and you have a big trading budget you can do it on daily basis.

But for me, it's always good to trade without a timeframe because if you have a flexible time when you are going to sell or buy you won't break the "Buy low and sell high technique". If the price actually increases you can sell and make a profit. So, keep in mind that you should always buy at a low price and sell high which is an old strategy but it always works. Sometimes feelings are one of the problems when deciding to sell your holdings don't follow this because it will end up losing your profit. Just don't forget to use the stop loss and set it to higher a bit than the price how much you bought your coins to reduce or to avoid losing more.

[TitanGEL]

Your plan will work if you always buy at a low price and sell high it won't work on a daily basis but if you don't care about the fees and you have a big trading budget you can do it on daily basis.

But for me, it's always good to trade without timeframe because you have flexible to if when you are going to sell or buy. If the price actually increases you can sell and make a profit. So, keep in mind that you should always buy at a low price and sell high which is an old strategy but it always works. Sometimes feelings are one of the problems when deciding to sell your holdings don't follow this because it will end up losing your profit. Just don't forget to use the stop loss higher than the price of your BTC to reduce or to avoid losing.

We have different point of views afterall and that is why for me it will not work. I'm a technician where I rely my decisions base on price action, relying on that kind of data is not enough because you will never know when is the lowest point it can get; it is like falling knives where you cannot determine the bottom. The risks are high but it is your strategy after all,  the most important thing is you are able to make money from your trading technique.

[CHENIEN]

these trading techniques are the best way to gain a good profit which is you need a front sight or rare sight to win and get the exact crypto exchange and you will need to follow the systematic trend to defense and knowledge on how to proceed to hold and to sell.aside from this you should also gather some techniques to those big holders in the field of the crypto world.
   

[Yamifoud]

these trading techniques are the best way to gain a good profit which is you need a front sight or rare sight to win and get the exact crypto exchange and you will need to follow the systematic trend to defense and knowledge on how to proceed to hold and to sell.aside from this you should also gather some techniques to those big holders in the field of the crypto world.
   

If someone says that he/she was good at trading, I may think that he/she was assuming themselves to be good all the time.
Nobody would rather to share their knowledge and their best strategy to use in trading because we are in the competition and most traders are greedy as well.

having this stance, I don't need to watch how big holders do their job. I'll have to build my own strategy and to find how it works in the market. Having our own way of making market analysis will help us to know more about the market and fully understand the way it works. It all been unpredictable and so we don't have any assurance that tomorrow or the next day we might gain profit or might lose as well.

[hugeblack]

Historically, the effect of halving is not direct, but rather with the passage of some time, as we did not see crazy fluctuations during the previous halvings, but after a year or two of them.
As for the current situation, we have a lot of things that cannot be controlled and that makes a lot of irrational fluctuations "logical."
therefore it is an excellent opportunity to win a lot of money, but it also represents a good opportunity to lose the entire capital.

Smart traders are not concerned with times but rather know how to take advantage of all conditions to achieve the maximum return.

[darewaller]

I am not even going to look at the strategy and the technique because I have one thing to say and that one thing has always been true to bitcoin trading and will never change no matter what you are talking about and how you want to trade.

One thing bitcoin does will never be the same thing it will do again, which means lets say X happens in two months and causes the price to go up, that same X could happen in a year and make it go down. That is why absolutely zero techniques and strategies work for the long term, it does work time to time, some of them actually work most of the time and actually help you make a profit in a long period of time, but when it comes to all the time there is nothing that works all the time.

Go ahead and test your method and see what it does, I guarantee you no matter how many times it works it will eventually fail.

[South Park]

Hello Bitcointalker's !

Looking at the increased volatility of Bitcoin market; possibly due to nearing halving one can grab an opportunity to earn tones of money from trading.

Please refer to the attached image for lucid imagination. The strategy might look like Day trading or quick buy-sell or whatever you call but surely this can be followed until halving comes close.

Everyday, without fail you start the trading and observe the BUY POINTS and also INCREASE BUY VALUE POINT. Buy point would be normal drop in the value of BTC as compared to everyday steady line while on the other hand Increase buy value point would be the one followed right after huge spike and then drop in value.

This last one would put huge marginal difference thats why one can increase the amount of buying.

Off course a sell would be followed each time BTC spikes in value.

Let's not touch the trade when it is having steady lines.

Inference : This shall be followed everyday from now, at least for few times a day until halving.

Conclusion : Halving might be big factor in creating systematic trade plan as mentioned about since it is giving ups-downs from few days. The turbulence might just rise more giving more sound idea on how to use above technique.

 

You talk about creating a systematic way to trade the markets but you give no insight about how are you going to tell when the market is moving significantly in order for you to make a trade and when it is not, you do not know how the market is going to move in the future, anyone can grab a chart and find the best points at which you could buy or sell an asset, the secret of successful traders is to determine when those moments are most likely to occur and I do not see anything in your post that tells me you are even near to get that answer.