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Author Topic: Advice on trends  (Read 1316 times)
estheblessed (OP)
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March 05, 2021, 09:51:24 PM
 #1

With regards to altcoins - mostly Ethereum and Litecoins - is there a time of the day/week/month when they tend to go up/down? Im guessing trading on the weekends is quieter than during the week?

Appreciate any input ... thanks
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March 05, 2021, 10:21:42 PM
 #2

With regards to altcoins - mostly Ethereum and Litecoins - is there a time of the day/week/month when they tend to go up/down? Im guessing trading on the weekends is quieter than during the week?

Appreciate any input ... thanks
NYC.

Forget about any trends because once they are established they are instantly broken.  Do yourself a favor and just cost average into ltc or eth.  You limit your risk both on the upside and downside and ypu dont have to worry about catching tops or bottoms.  Leads for a more stress free way of accumulating as well.  If you believe in the long term aspects of something g, cost averaging is a good way to approach buying in or selling out.

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DaMut
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March 05, 2021, 11:19:25 PM
 #3

At our current situation the trend is bound to be broken as soon as it is formed, it is happened because of hype and instability in market order.
that is why it is not recommended to follow any trend you hear but instead make a quick strategy and judgement based on market reaction as soon as you do the trade.
and trading on the weekend is quieter than during the week will only happen once the market stabilize. I could say it because it happened months ago before bitcoin skyrocketing.


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March 05, 2021, 11:22:23 PM
 #4

With regards to altcoins - mostly Ethereum and Litecoins - is there a time of the day/week/month when they tend to go up/down? Im guessing trading on the weekends is quieter than during the week?

Appreciate any input ... thanks
If there are people whom do able to make guess those kind of things when it comes to trends or the right time to trade then everyone would really be making out profits.
There's no sufficient proof that a particular timeframe would really be the best spot for you to make out trades but somehow basing off on some observation then you can
make out presumptions out of that this is why you do really mold up these kind of assumption that this will be a good spot or timeframe for you to trade
but over all these are just basing up on your own observation and theres no precise or proof that this is a sweet spot to take.

R


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March 05, 2021, 11:31:28 PM
 #5

With regards to altcoins - mostly Ethereum and Litecoins - is there a time of the day/week/month when they tend to go up/down? Im guessing trading on the weekends is quieter than during the week?

Appreciate any input ... thanks
There is no such thing as that because if that was predictable market I think most people will be really profitable everytime. It is always random and you will never guess that during that day/week/month it will tend to go up/down. Mostly these days the market tend to go up during the weekend but it's just an observation and it's behaving as  always.
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March 05, 2021, 11:32:08 PM
 #6

With regards to altcoins - mostly Ethereum and Litecoins - is there a time of the day/week/month when they tend to go up/down? Im guessing trading on the weekends is quieter than during the week?

Appreciate any input ... thanks
Usually during the weekend, the market tend to go downtrend. The belief is that most of the people are cashing out to buy things. That's the conception that I've known for a while.

But to know the exact trend of the market and when it will happen.

It's impossible to know.

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March 06, 2021, 03:32:14 AM
 #7

Asian wake-up time?
Which is around 8:00AM GMT +8 / or UTC 0:00.

I can't say it is only Ethereum and Litecoin only, but the market itself or Bitcoin and then other altcoins will follow Bitcoin price actions, especially these days like if Bitcoin dumping you can see other altcoins is dumping too, some are dumping much hard than Bitcoin.

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March 06, 2021, 10:13:01 AM
 #8

With regards to altcoins - mostly Ethereum and Litecoins - is there a time of the day/week/month when they tend to go up/down? Im guessing trading on the weekends is quieter than during the week?

Appreciate any input ... thanks

It's not about the time but it's about the fundamental of coin, if you are watching the market closely and then you will be seeing that if that can be dumped and pumped anytime.
As far as i know if the trend will be changed when there's a good news. Sometime it can go up in a day or a week but this is not the point that can be used to determine the trend.
You must put all of your effort to analyze the trend based on the fundamental.
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March 06, 2021, 10:23:37 AM
 #9

With regards to altcoins - mostly Ethereum and Litecoins - is there a time of the day/week/month when they tend to go up/down? Im guessing trading on the weekends is quieter than during the week?

Appreciate any input ... thanks
if there is a trend then that proves your coin is a Manipulated one ? Just like you have no idea when to buy or trade , then many people here has the same attitude , meaning if we are to decide when to trade and others comes along at the same time then that would be the chance of having good day trading .
But when many has not acting in the opposite scenario then the market will not move to bring you profit.
as simple as those chances.









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March 07, 2021, 05:50:46 AM
 #10

Asian wake-up time?
Which is around 8:00AM GMT +8 / or UTC 0:00.
Why do you think of the Asian wake-up time? I think the US has more contribution and effects on the crypto market, not the Asian nations.

Quote
I can't say it is only Ethereum and Litecoin only, but the market itself or Bitcoin and then other altcoins will follow Bitcoin price actions, especially these days like if Bitcoin dumping you can see other altcoins is dumping too, some are dumping much hard than Bitcoin.
Ethereum can be corrected deeper after this bounce. Litecoin can be corrected in the same way but it has more chance to rise up more after this bounce. I bet on a deeper correction for Ethereum but a rise for Litecoin.

I think that Bitcoin, Ethereum and some new hot altcoins as Polkadot or old altcoin Cardano will be corrected seriously. It will give more capital to old altcoins as Litecoin.

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March 07, 2021, 07:08:20 AM
 #11

With regards to altcoins - mostly Ethereum and Litecoins - is there a time of the day/week/month when they tend to go up/down? Im guessing trading on the weekends is quieter than during the week?

Appreciate any input ... thanks
Actually i also observe that the movement usually comes down when weekends though i'm not sure if this is a trend totally but most of the weekends brings the market drops either a little of big and then return climbing every Mondays and go on.
But are you a trader? or just Looking for a chance to Buy more ?
be sure that you know how the trend goes because this is like a Arbitrage strategy when you need to be aware each moment of the coins movement.

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March 07, 2021, 08:09:32 PM
 #12

The trends are pretty much so random. They could begin on Monday, Wednesday, Friday, Sunday etc
What you need to do is keep an eye on the support and resistance levels. Once there is a breakout on these levels especially historic ones on top of other factors like volume, net cash inflow vs net cash outflow then there is a very high chance that a trend has just begun.

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March 07, 2021, 10:02:17 PM
 #13

With regards to altcoins - mostly Ethereum and Litecoins - is there a time of the day/week/month when they tend to go up/down? Im guessing trading on the weekends is quieter than during the week?

Appreciate any input ... thanks
There’s no such specific time for this one, anything can happen within the day and its hard to tell that one even TA can’t guarantee that. If you’re trading, make your time frame a little longer and use indicators to anticipate the future trend, but never expect that to fully happen just keep monitoring the price trend of the market.
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March 07, 2021, 10:17:22 PM
 #14

The trends are pretty much so random. They could begin on Monday, Wednesday, Friday, Sunday etc
What you need to do is keep an eye on the support and resistance levels. Once there is a breakout on these levels especially historic ones on top of other factors like volume, net cash inflow vs net cash outflow then there is a very high chance that a trend has just begun.
^ Possible, but if you will try to look at the BTC transaction in mempool, the most likely weekend does not have heavy traffic and probably I am guessing that most traders on weekend have a vacation or there is an important matter than doing trading that makes the market becomes a trend. But when it comes to office hours, I noticed there is heavy traffic per transaction in BTC and ETH. Nevertheless, theoretically guessing, there is no specific date and time when there is a trend. It will always have if the price in the market goes up.
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March 07, 2021, 11:01:41 PM
 #15

With regards to altcoins - mostly Ethereum and Litecoins - is there a time of the day/week/month when they tend to go up/down? Im guessing trading on the weekends is quieter than during the week?

Appreciate any input ... thanks

maybe yes, because in the weekend is not so volatile because many traders stop their trade in weekends mate
and in a big holiday too

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March 07, 2021, 11:55:36 PM
 #16

With regards to altcoins - mostly Ethereum and Litecoins - is there a time of the day/week/month when they tend to go up/down? Im guessing trading on the weekends is quieter than during the week?

Appreciate any input ... thanks
Yes, cryptocurrency is usually busy during the weekdays and quiet when it a weekend and that's because the market capital and some day traders are usually closed for the weekend but that doesn't mean the market will always experience dump in price when it weekend.

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March 08, 2021, 12:05:57 AM
 #17

With regards to altcoins - mostly Ethereum and Litecoins - is there a time of the day/week/month when they tend to go up/down? Im guessing trading on the weekends is quieter than during the week?

Appreciate any input ... thanks
You are basically talking about seasonal trading and there are in fact some assets that perform better during certain seasons of the year, like combustibles during winter and things like that, but the question is do you see a reason why altcoins should show better performance during certain hours, days or months? The answer is most likely no, which means that if you were to find a time in which this was true it will be a coincidence and it is not worth to trade the market in that way.
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March 08, 2021, 06:11:25 AM
 #18

Perhaps by this point people are less afraid of a sharp drop, I think the overall trend is still up as bitcoin is doing very well. We have to understand that nothing goes up or down forever, so over the past few movements I will agree to a market correction, and if nothing has a big impact then I think we'll see soon. The market recovered and rose sharply again.

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March 08, 2021, 10:19:15 AM
 #19

Perhaps by this point people are less afraid of a sharp drop, I think the overall trend is still up as bitcoin is doing very well. We have to understand that nothing goes up or down forever, so over the past few movements I will agree to a market correction, and if nothing has a big impact then I think we'll see soon. The market recovered and rose sharply again.
Yes, I have also seen that the market is recovering from the price drop. And LTC, ETH was the coins that we are seeing the most about the growth of the market, when the market has more money to invest, I see both ETH and LTC going up and also increasing a lot. This shows that the power of LTC and ETH is huge, the position of both will be the basis for many people to invest in it.

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March 08, 2021, 12:55:34 PM
 #20

With regards to altcoins - mostly Ethereum and Litecoins - is there a time of the day/week/month when they tend to go up/down? Im guessing trading on the weekends is quieter than during the week?

Appreciate any input ... thanks
Maybe because during weekdays, people are tend to work and they also trade with stock market and during weekends, its Chill time. Anyway, this is just our speculation since there’s no specific time for the market to move because it will always depend on every project, if they are on the up trend or on a down trend.
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