Advice on trends

[istiak2277]

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 will be more easier and continent for you to do DCA. You do not have to stay Infront of your chart to monitor the market and wait for the perfect timing. Because once those situation occurred they immediately broken. So just keep DCA until your initial investment doubled and after that put your seed money out and raid the wave as long as market remains in your favors.

[Fivestar4everMVP]

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 personally can not say for sure, I've never really paid attention to notice how the Ethereum and litecoin market behave during the weekends, but I guess is that it won't be any difference from other coins.
Trading Cryptocurrencies is not like trading Forex yet, if you were once or still a Forex trader who wants to trade crypto too, then understand that crypto currency and forex trading are two different worlds far away from each other, trading crypto requires its own strategy and that you have to build yourself as what works for another might not work for you, so it's best for you if you learn to build your own trading strategies.

[wmaurik]

I think his context is about the current condition which old coins is already reached there peak and the current price is still near on that level. Having that in mind, You can make more profit if you invest on the trending coins compared to old coins based on the current situation of the market. There's no way we will another insane growth like we see since this bull season start. There's always a long correction right after we reach the ATH and that correction is what we are experiencing right now.

Utilization must be on two sides actually, because trending coins can also be very good for the short term while for long-term savings I think choosing old coins that are already popular will also not be wrong because both things are still equally profitable even though the duration is far different.

[soureden]

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

ETH and LTC are also showing a fluctuating chart like other cryptos. What matters here is stability and growth rate rather than fluctuations.

[stomachgrowls]

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

ETH and LTC are also showing a fluctuating chart like other cryptos. What matters here is stability and growth rate rather than fluctuations.

And this is where people do differ because there are some who do really mind much about fluctuations specially to those who do make out short term trades but for those who do go for long term then

then would be always be mindful about stability and growth and thats why we do really have different targets and perceptions on things.Thing here is that you do know on how to read up a specific

trend in overall market even though it wont really be as precise but at least you do know on whats happening around.

[kawetsriyanto]

In my opinion, don't be too influenced by the current trend, because trending coins may not necessarily have a positive impact in the future, indeed following trends can provide an opportunity to be able to get good results in investing

People who follow trends won't plan to keep the coins/tokens for a long time, they probably set a target to take a short time profits. Trends won't last for years, so those people who buy trending coins/tokens will sell them after a few days/weeks/months. So, in general, we can say that people follow trends because they know profits opportunity for a short term trading/investment. Regarding avoiding being influenced, it is a hard thing to do. Even myself, also follow trends such as buying gaming or metaverse coins/tokens.  

[Shasha80]

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 personally can not say for sure, I've never really paid attention to notice how the Ethereum and litecoin market behave during the weekends, but I guess is that it won't be any difference from other coins.
Trading Cryptocurrencies is not like trading Forex yet, if you were once or still a Forex trader who wants to trade crypto too, then understand that crypto currency and forex trading are two different worlds far away from each other, trading crypto requires its own strategy and that you have to build yourself as what works for another might not work for you, so it's best for you if you learn to build your own trading strategies.

Of course we should not equate crypto trading with forex trading, because they are indeed different. So not necessarily people who are successful
when trading forex will also be successful when trading crypto. Although we are indeed people who managed to make a profit when trading forex,
but if we want to trade crypto we have to start from scratch learning all things about crypto first. Moreover, the volatile crypto market makes it
more difficult to predict, so we must be willing to learn in depth about crypto, to really understand how crypto works. It is not easy to be
a successful trader in the crypto world, there are many things to learn, even I have been trading crypto for 5 years, until now I still don't stop
learning about crypto. Regarding Ethereum and Litecoin, they are still in a bearish trend, we really have to be patient in the current market situation.
Use the bear market as an opportunity to accumulate coins that we consider potential, and I think Ethereum and Litecoin are coins that have
a bright future, so don't hesitate to buy Ethereum and Litecoin.

[wmaurik]

ETH and LTC are also showing a fluctuating chart like other cryptos. What matters here is stability and growth rate rather than fluctuations.

Currently both are not growing well and both are experiencing price drops because Bitcoin is not getting better in the market for now so there are many Altcoins that are also experiencing a very large price discount.

[ZAINmalik75]

I will suggest everyone to follow if you want to get much much profit. Because if you observe crypto space you will find out that those people who follow previous trend like metaverse project they got huge profit because all metaverse project pump about 2x to 10x while those people who follow recent trend of web 2.0 they also got huge profit so that the reason I select trend to follow

[sonmezmstf1978]

I find the weekend movement more impressive. The fluctuations experienced during the week are generally more aggressive than the weekends.

[magneto]

Anyone who claims that they are able to spot thees trends are either a lunatic or trying to get your money in one way or another.

The fact of the matter is that TA, especially backwards looking TA, is simply not feasible long term for someone who is looking for a profit.

Instead of trying to spot trends, why not try to spot fundamentals and hold onto coins that you truly believe in for the long run? E.g. I would comfortably hold ETH no matter what price level it's at.

[Oneandpure]

Personally trading is way have two side positive and negative some time earn much profit and have time we can loss much money with trading, I try keep less risk by entry when bitcoin or altcoin have top bottom lower price and keep waiting for getting the moment bitcoin and altcoin have drop. But I am not take rest for asking the other investor buying the same coin with me and I am not recommended any one else joining with my step, very risk ask the other for buying with the same coin with use because when bad thing happen like coin drop they nor ready for getting loss and become panic.

[aruldaroy]

We also can't immediately believe by following the trend, sometimes there are also trends that bring bad impacts in the future.
But we also have to look in more detail and understand it again. If the trend is indeed good and lasts a long time, then there is nothing wrong with trying, but we also have to be more careful when dealing with investments.
better that of course without having to rely on trends.

[globalpain]

Anyone who claims that they are able to spot thees trends are either a lunatic or trying to get your money in one way or another.

The fact of the matter is that TA, especially backwards looking TA, is simply not feasible long term for someone who is looking for a profit.

Instead of trying to spot trends, why not try to spot fundamentals and hold onto coins that you truly believe in for the long run? E.g. I would comfortably hold ETH no matter what price level it's at.

Indeed, when we talk about long-term thinking, we definitely refer to coins that have strong fundamentals,
besides Ethereum other top altcoins such as BNB, ADA and Matic the three coins are worth holding on to in the long term

[bounceback]

In my opinion, there is nothing wrong with investing by following the trend because if we can make a good analysis when we want to invest with trending coins, then it is possible that we can benefit by taking advantage of this moment, like the trend from Metaverse at this time I plan to invest in Metaverse based coins such as GALA and SAND.

[Lanatsa]

Anyone who claims that they are able to spot thees trends are either a lunatic or trying to get your money in one way or another.

The fact of the matter is that TA, especially backwards looking TA, is simply not feasible long term for someone who is looking for a profit.

Instead of trying to spot trends, why not try to spot fundamentals and hold onto coins that you truly believe in for the long run? E.g. I would comfortably hold ETH no matter what price level it's at.

Indeed, when we talk about long-term thinking, we definitely refer to coins that have strong fundamentals,
besides Ethereum other top altcoins such as BNB, ADA and Matic the three coins are worth holding on to in the long term

But sometimes there are people who do really find out hidden gems on the market which they could potentially earn 10-100-1000x return of their investment that's why they  do really love to play with fire

and taking risks with low caps.It isn't really that suggested most of the time which it would be more sensible to stick with established or know ones in the market.There are really just someone
who do have that kind of mindset.
When it comes to trends and market conditions then it could really changed up in a snap depending on various factors and knowing them isn't something easy to attain on.

[aruldaroy]

In my opinion, don't be too influenced by the current trend, because trending coins may not necessarily have a positive impact in the future, indeed following trends can provide an opportunity to be able to get good results in investing, but if we are wrong or late in make a decision it can be fatal with the investment that we do.

It's better to just follow our hearts than you are doubtful especially about investment money, everyone must also be careful and understand more about investment, don't just follow the trend.

[judaspriest]

In my opinion, don't be too influenced by the current trend, because trending coins may not necessarily have a positive impact in the future, indeed following trends can provide an opportunity to be able to get good results in investing, but if we are wrong or late in make a decision it can be fatal with the investment that we do.

It's better to just follow our hearts than you are doubtful especially about investment money, everyone must also be careful and understand more about investment, don't just follow the trend.

I think there's nothing wrong with following the trend as long as we can be really careful,
everyone needs to make their own decisions and take responsibility,
Trends can generate profits and losses, it's just a matter of how we manage it well

[susuberuang]

It's better to just follow our hearts than you are doubtful especially about investment money, everyone must also be careful and understand more about investment, don't just follow the trend.

Following your heart won't be right, mate, because sometimes your own guess can be wrong, so apart from following your heart, it's also a good idea to look for a few references from others so you can be very complete and confident.

[wmaurik]

I think there's nothing wrong with following the trend as long as we can be really careful,
everyone needs to make their own decisions and take responsibility,
Trends can generate profits and losses, it's just a matter of how we manage it well

There is no need for management to see and understand a trend in cryptocurrency, because those who enter the trend quickly will always win and bring a lot of profit, while those who are late in using it will always lose and always lose without getting any profit.