Advice on trends

[RockCryptoWorld]

I like AcknoLedger, because it combines two trends: NFT Games + MetaVerse. What else you need?

[superman184]

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

I think, if there is a trend then what proves your coin is the Manipulated one? Just like you don't know when to buy or trade, so many people here have the same attitude, meaning if we decide when to trade and someone else comes at the same time then it will be an opportunity to make a good day trade, but when many don't act in the opposite scenario then the market won't move in your favor.

[errorcode99]

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 specific time for this one, anything can happen in a day and it's hard to say that can't guarantee that. If you trade, make your time frame a little longer and use indicators to anticipate future trends, but never expect it to happen completely, keep track of market price trends.

[dunfida]

The main trend is play-to-earn games, there are no doubts. For example, one of them is a first real-life game - H3RO3S and they will have an IDO very soon - at the beginning of October. Highly recommend to check it out, but DYOR buddy.

Cryptocurrency is not only about games that only provide a play-to-earn concept, but more about benefits and also certain products for the public so that it can make it very famous through trading in the market, so it's not just a temporary concept like you think say that.

A market isnt really only limited in one industry or section thats why it is really not surprising that there are lots of trend that are circling as of this moment.Real use case is what mattering most but people

do stick on whats hot and for sure on where they do earn the most.Just take advantage for your benefit no matter what section this focusing on neither on games or use case then it
doesnt really matter.

[Impala8_]

Hm, maybe metaverse? I can't ignore this hype around BLOKTOPIA, their concepts seems great to me.

[tabas]

Cryptocurrency is not only about games that only provide a play-to-earn concept, but more about benefits and also certain products for the public so that it can make it very famous through trading in the market, so it's not just a temporary concept like you think say that.

Yes it isn't but it's a trend today and we don't know if this trend will continue for the next years to come. We may we see another trend next year and might stomp these P2E's feature with a better way of profiting.
Before which is still on going today are the yielding and farming.

[Twinkledoe]

Cryptocurrency is not only about games that only provide a play-to-earn concept, but more about benefits and also certain products for the public so that it can make it very famous through trading in the market, so it's not just a temporary concept like you think say that.

Yes it isn't but it's a trend today and we don't know if this trend will continue for the next years to come. We may we see another trend next year and might stomp these P2E's feature with a better way of profiting.
Before which is still on going today are the yielding and farming.

Market trend is a very subjective matter. A lot of factors are in play so it is really hard to predict on what may happen to the coin few hours or few days from now. And more on few months or years from now. If you are holding a coin, don't rely on speculations from others as they are just predicting the market. Better follow the developments of coin itself and gauge where they are heading to.

[mamesso]

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

Market condition are unpredictable my friend, when a trader wants to make a trade, traders will choose coin based on their research and analysis. The highly fluctuating price movements of cryptocurrency are not only the potential for trader to make a profit, but it also poses a big risk in a short time if you choose the wrong coin when making a purchase. So, it is very difficult to guess the right trend or time to trade. Because, the price of cryptocurrency really depends on the amount of demand and supply that is in the market for 24 hours.

[zaim7413]

Hm, maybe metaverse? I can't ignore this hype around BLOKTOPIA, their concepts seems great to me.

All the concepts at first look great, but how many great projects can last long term in the crypto space? because every concept written on white paper all looks very great and can even beat their own greatness which is very illogical, now it's not only the concept that has to be great, but the performance and experience of the team must also be great and their concern for the project to this extent where. that's what's important not just a bullshit concept.

[hello_good_sir]

I think that you should stop looking at these trends and actually do some fundamental analysis.

If you plot altcoin returns they are going to return some sort of normal random distribution and you think that you can predict which days/weeks coins generally go up/down in?

This is why TA is ridiculous. It ignores the big picture.

[carlfebz2]

I think that you should stop looking at these trends and actually do some fundamental analysis.

If you plot altcoin returns they are going to return some sort of normal random distribution and you think that you can predict which days/weeks coins generally go up/down in?

This is why TA is ridiculous. It ignores the big picture.

You cant really make out some trading patters if you dont consider out on looking for fundamentals too even people do say that it wouldnt really be precised but somewhat could really be helpful towards your trading analysis.

Knowing the trend is important because external events could really make out some significant impact on the market aside from chart trading indicators and of course you would really need to be that versatile
or adaptive when it comes to situation.

As a trader then you should really be having these kind of qualities to make yourself sustainable.

[seleme]

Just try to trade on different time zones and not the differences. After 1 month, try to compare the results and check your profitability rate on each session. Btw, it is better to trade on daily small timeframe charts during NYC and London zones. Checking price reaction to the different time zones will add a lot of experience in your trading journey, you will get an idea of why prices keep declining on specific Asian sessions. New York opening bell causes huge pump on forex markets and this surely affects the global markets included the cryptocurrency market.

[tabas]

Cryptocurrency is not only about games that only provide a play-to-earn concept, but more about benefits and also certain products for the public so that it can make it very famous through trading in the market, so it's not just a temporary concept like you think say that.

Yes it isn't but it's a trend today and we don't know if this trend will continue for the next years to come. We may we see another trend next year and might stomp these P2E's feature with a better way of profiting.
Before which is still on going today are the yielding and farming.

Market trend is a very subjective matter. A lot of factors are in play so it is really hard to predict on what may happen to the coin few hours or few days from now. And more on few months or years from now. If you are holding a coin, don't rely on speculations from others as they are just predicting the market. Better follow the developments of coin itself and gauge where they are heading to.

Those coins depends on what you're talking about. If they're the known coins then their days are predictable because they have a larger volume than the random altcoins.
I agree about following the development, it's what you needed if you're looking for that altcoin and have seen that it has the potential to grow.

[Pamadar]

There is no specific time for this one, anything can happen in a day and it's hard to say that can't guarantee that. If you trade, make your time frame a little longer and use indicators to anticipate future trends, but never expect it to happen completely, keep track of market price trends.

Monitoring market price trends will also not help much unless you also monitor all news about cryptocurrencies that can have an effect on the market and cryptocurrency prices in the market, so not only timing is needed in terms of trading, but several other things that can support trading as well needed.

Combining knowledge is really important, not just to focus on one information but to make it wider to anticipate closer.

You have to be more keen in finding deeper knowledge about the venue that you wanted to invest your money,
not just the trend, but all possible information that will give you deeper idea in to how you will execute your investment.

The more you follow the trend of the news behind, the more you'll understand and form a good strategy to work with certain opportunities.

[robattfield]

snip

One of the keys to successful investing in crypto is having extensive knowledge in the crypto world. With extensive knowledge we can find out
what strategies are best used in order to generate profits. Having knowledge can also make us always aware of what trends are currently running,
so at least we can have an idea where the crypto market will move. Therefore people who fail when investing in crypto, they do not have
knowledge about the crypto world, so they don't understand how the crypto world works.

I agree that knowledge is important, but not everyone knows how to capture that knowledge, and sometimes many people get lost in the vast knowledge of the market.
Clearly defining what you intend to research is really necessary, the trends in the market are not too difficult, through practical experience, identifying trends in the market.

[Russlenat]

snip

One of the keys to successful investing in crypto is having extensive knowledge in the crypto world. With extensive knowledge we can find out
what strategies are best used in order to generate profits. Having knowledge can also make us always aware of what trends are currently running,
so at least we can have an idea where the crypto market will move. Therefore people who fail when investing in crypto, they do not have
knowledge about the crypto world, so they don't understand how the crypto world works.

I agree that knowledge is important, but not everyone knows how to capture that knowledge, and sometimes many people get lost in the vast knowledge of the market.
Clearly defining what you intend to research is really necessary, the trends in the market are not too difficult, through practical experience, identifying trends in the market.

More experience will lead to a better understanding of the market, as you go further, you will continue to improve your strategy until you will be able to familiarize the market movement, sometimes we are too attached to our emotions that even a simple trend will become complicated.

It's very simple, when it's bullish you can ride but always be cautious to drop or sell it at the right timing, if you are buying to hold longer, then it should not be in the bull run, wait for the market correction first to get the best value, and always be patient in order to do it successfully.

[errorcode99]

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

Just like you don't know when to buy or trade, so many people here have the same attitude, meaning if we decide when to trade and someone else comes at the same time then it will be an opportunity to make a good day trade. But when many don't act in the opposite scenario then the market won't move in your favor.

[Wakate]

My advice on trends is to control emotions, I see so many panic buyer when the market starts to rise, sometimes the people that is so excited can make a bad decisions that will lead to losing so think twice, bull trap is sometimes happen so we also need to be more careful when the crypto market begin or starts a new trend.

Trading is not easy to analyze so it's good to learn the skill of trading very well before attempting to trade. Emotion can be deceptive even when analysis is correct, so emotion needs to be work on well to avoid quickly leaving a trend at the early stage cause the market can decide to do a fake out that will make traders to be afraid and leaving a trend that can give a good profit.

[Russlenat]

My advice on trends is to control emotions, I see so many panic buyer when the market starts to rise, sometimes the people that is so excited can make a bad decisions that will lead to losing so think twice, bull trap is sometimes happen so we also need to be more careful when the crypto market begin or starts a new trend.

Trading is not easy to analyze so it's good to learn the skill of trading very well before attempting to trade. Emotion can be deceptive even when analysis is correct, so emotion needs to be work on well to avoid quickly leaving a trend at the early stage cause the market can decide to do a fake out that will make traders to be afraid and leaving a trend that can give a good profit.

There's a simple solution to that, don't trade if you can't control your emotion, the most important thing is the implementation of your plan because that would determine the outcome of your trading activity, even how good your plan is, it will only stay in the paper if you can't implement it well.

[hodlvalley]

GameFi and NFT projects are the two key areas I am currently watching.