Turbolantern (OP)
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November 14, 2021, 10:21:58 AM |
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The current prices at any given time, how do you know if they are going to correct or are already corrected?
Like the prices atm.
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Upgrade00
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Playgram - The Telegram Casino
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November 14, 2021, 10:33:05 AM |
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You do not really get to know, traders can speculate but cannot accurately determine when the price action changes. This is the reason it's better to buy and hodl if you do not have knowledge of technical analysis, you are not burdened with finding out where the price is going, you only need to understand the fundamentals and determine it's a project worth investing in.
When buying, it's better to Dollar Cost Average than to try and game the market and wait for the price to fall.
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Stalker22
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November 14, 2021, 11:20:57 AM |
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The current prices at any given time, how do you know if they are going to correct or are already corrected?
As a general rule, when the price of an asset falls more than 10% over several days from a recent peak, that is typically characterized as a correction of an asset. These patterns often signal that bullish traders are exhausted and there are no new buyers to support the uptrend. However, no technical analysis is perfect and future price movements cannot be predicted with absolute certainty. Consider buying in portions rather than going all in if you are planning to enter the market. That way you will be prepared for any price movements, and if the price drops further, you will have liquid funds to buy more.
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Oshosondy
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November 14, 2021, 11:23:50 AM |
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The current prices at any given time, how do you know if they are going to correct or are already corrected?
At times it is just best to hold, because if you hold no matter how the price decrease, it will still increase back than when you started to hold. Trading is difficult, the price of bitcoin in short time period is difficult to predict. But if the price of a coin has significantly increased, it is normal for the price to decrease but not to the point it started to increase, the price will still be above.
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cheezcarls
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November 14, 2021, 11:31:39 AM |
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The current prices at any given time, how do you know if they are going to correct or are already corrected?
Like the prices atm.
The market is unpredictable, so we don’t know when will the prices be corrected at a specific time. We can’t control the market. There are instances that the coin or token may pump or dump in all of a sudden without warning.
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jossiel
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November 14, 2021, 01:13:16 PM |
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The current prices at any given time, how do you know if they are going to correct or are already corrected?
Like the prices atm.
No way of being accurate with that. But that's why there are methods of knowing if it's the assumption if the market is on a correction. The known method is by looking at the chart of it. You look at the peak and what's the lowest and compare it to the current price.
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galambo
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November 14, 2021, 01:34:57 PM |
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You do not really get to know, traders can speculate but cannot accurately determine when the price action changes. This is the reason it's better to buy and hodl if you do not have knowledge of technical analysis, you are not burdened with finding out where the price is going, you only need to understand the fundamentals and determine it's a project worth investing in.
When buying, it's better to Dollar Cost Average than to try and game the market and wait for the price to fall.
There is no way one certain that todays ATH is final one for Bitcoin or it will go more up from here. Its all based on how good you are in analysing the market with tools and with your knowledge. DCA is best way to buy a coin, never invest all your money at one price.
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bittraffic
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November 14, 2021, 01:52:41 PM |
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The analysts know it because when the price hits its peak, it normally corrects like when it goes up, it usually goes down. But normally they are just looking at the given time frame and then see it on RSI as it's moving towards the 70 levels. Some may already be selling at that level.
But it's not just the TA to be considered this time because of the economy, the fundamental variable affects the market to stay afloat. Maybe the traders are looking at what taproot could do.
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palle11
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November 14, 2021, 03:47:24 PM |
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I think the main thing is that whenever there is a high volatility, you should expect that it will also drop, so you look or watch out for the drop. It must drop and that is the correction there but when it will drop is what no body knows is patient. Usually for me you can watch the candle position of the trade and the longer hours too. Your concentration on the market during a bull or bear time is important because the candle need to be understood with technical analysis. Technical analysis on a longtime chart is good and can help you spot correction.
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dimonstration
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November 14, 2021, 03:54:00 PM |
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The current prices at any given time, how do you know if they are going to correct or are already corrected?
Like the prices atm.
Use a longer time frame such as Day or Week if you are trading for long term and 1H to 4H if you are trading daily to weekly. Lower time frame is dedicated for future trading. By determining the appropriate time frame on your chart. Use fibonacci level to determine if the current price is already overbought. There's a certain level on fibonacci that traders most often used to determine the perfect price for take profit. Use that and combine it on an Elliott Wave pattern to determine the next move. Summary:- Determine Time Frame
- Use Fibonacci Level to determine the condition of the price
- Find the Elliott Wave Cycle Pattern to determine the next move of the price
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palle11
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November 14, 2021, 05:23:04 PM |
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If experienced people in the crypto market could understand when the market will rise and fall, I think they could be the richest people in the world. It's impossible. Experience people can assume 60% -80% of the market trend especially who are very much knowledgeable.
What experience people do is usually to pump the price of a coin and they dump their hodling and few lucky people can follow them on that . How they do this can be through trading groups in telegram, either they are the admin on the group or they send their group link to other groups and asking people to go buy the coin by hyping it. They create volume on the coin as price rise to the level they want to sell, they dump and move on. But as to the knowing when a coin will rise by themselves is not very possible like you also said.
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Zanab247
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November 14, 2021, 05:43:41 PM |
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I guess with the information you get from the forum can make you to know if it is good to supply to the market or to hold for future to earn something good at the end of the investment. Once you discover that the price of a particular coins is not too stable in the market show that the coin is good to hold not to sell at the moment. When you sell the population of customers going to the market to sell their coins show that the market price is correct to anyone to achieve profit at the moment. But when you see few customers selling their coins in the market, show that they sell base on some challenges to solve at the moment.
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Ararbermas
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November 14, 2021, 06:30:07 PM |
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The current prices at any given time, how do you know if they are going to correct or are already corrected?
Like the prices atm.
look for the current resistance and support.. Dont just base in one time frame wherein must check different time frames. for me 4h to 1m is useful because you can assure that you will have a good prediction afterwards. And also you must know what are the common patterns that always exist in the graph because without such knowledge most of your TA will be useless after all.. For example "double tap, head and shoulders and etc". Because to be honest base on my experienced it's a big advantage to have such information.
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Woodie
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November 14, 2021, 06:41:22 PM |
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Usually if crypto prices gained a lot in a short time, its expected that a correction will follow but if you don't want to speculate about this possibility, the best is apply technical analysis on the charts. By looking at the charts, markets give certain structure and candle patterns which can be used to anticipate such market moves, and for those that trade using order blocks....any unfilled order blocks can give you an idea that markets will be back to mitigate these unfilled blocks hence the correction.
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teosanru
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November 14, 2021, 06:48:23 PM |
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The current prices at any given time, how do you know if they are going to correct or are already corrected?
Like the prices atm.
What do you think, if anyone would know that, won't he be called the greatest Investor Ever? Moreover, this is a very relative statement, for example, the price might be very correct in a shorter time frame let's say 15 days but not good to buy if you are going to hold for 6 months but can still be good if you want to buy for 5 years, so all this is quite subjective and depends entirely on your intent of investment and the timeframe you can spare the money for. A good index for this can be RSI if it's in the oversold region it means the price is corrected too much and can go up slightly. The only solution that people do to circumvent this problem is the averaging or some people call it DCA but obviously everyone has limited capital. A simple strategy is to forecast the minimum point where you feel BTC can fall and split your capital in proportions until that point and wait, there is no better strategy than this.
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mindrust
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November 14, 2021, 07:00:20 PM |
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The current prices at any given time, how do you know if they are going to correct or are already corrected?
Like the prices atm.
You don't know it because you are not the market maker. If there was a way to know this, everybody would be rich. And since everybody can't be rich at the same time, it is not possible for everybody to make the right guess. The only people who can make that guess right are usually the whales because they are not exactly "guessing". Their actions actually shape the markets. When a guy with 10k (for example) coins thinks there is a bubble and sells his coins slowly, he can pop that bubble by creating panic among the other big whales and it can turn into a snowballing effect. (or not)
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adaseb
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November 15, 2021, 02:55:46 AM |
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If it was easy to tell what the market is going to do in the future, there would be no markets pretty much since everybody would be doing it. The market can’t exist if everybody makes money. It’s zero sum and half the people lose money to the other half.
Nobody knows if the $69K was the peak or not. Sure it dipped and perhaps it was the low and we might go higher however it’s impossible to know this moment. Hence why you should never invest more money than you can afford to lose.
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cabron
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November 15, 2021, 03:15:41 AM |
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Experienced traders can foresee where the price would go, it's not easy to achieve this kind of skill but it's possible for them to do the technical analysis. When the price seems to have bubbled, it's always going to pop but knowing when it will happen is not easy. Prices always do the correction but it will be hard to know when.
The trend somehow is just for us who are not very experienced. If prices start to correct, they always say the trend is your friend.
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Strongkored
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November 15, 2021, 05:40:36 AM |
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No one will ever be able to know the exact price unless you are in a group that really controls the market with a large funds can do that. Imagine if they are able to precisely know the correct price then trading is something very easy for them and will only experience profit without loss, but I'm sure no trader will ever experience profit only.
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Wexnident
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November 15, 2021, 05:45:19 AM |
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I don't think traders actually know? They just assume, predict, foresee it. It's not a guarantee but they have tons of information to back up their speculations together with their various experiences with the market, which pretty much reveals their personal judgment on how the market would move. Emphasis on the person though, since no judgment could actually be judged if it's true or not before the said event has come to pass. A prediction is just that, a prediction, it has no stamp of guarantee that it would actually happen.
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