New.in.trading
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November 17, 2021, 09:52:37 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.
Short answer: You cant know, like knowing what's 2+2 . Its that simple. No one knows. But you can make a plan, according to your strategy and then, if it starts playing out, enter a position. That is what I do for btcusd and others. This my current view of things. If it happens, I get an entry. If not, then there is no entry. Its that simple. It needs to be updated regularly, and then be followed again. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fs3.tradingview.com%2Fsnapshots%2Fm%2FmZklQRYt.png&t=665&c=bdo8O-3j33dV_Q)
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Issa56
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November 17, 2021, 04:48:08 PM |
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I don't think anybody knows when a particular coin already hit the bottom and it won't go down any more and body knows when a coin is due for correction as a trader the only thing you can do is just to study the candle stick and make sure you look for a good entry and enter the market and if you are leaving the market if you think you are already in profit and you are satisfied you can easily leave but if you are contemplating if there will be correction kindly do you analysis again and if you think there is high probability that correction or dump will happen kindly leave if you want to.
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carolynpatterson
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November 18, 2021, 04:05:48 AM |
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It’s hard to tell, you can only speculate. Your analysis will always come in handy. The knowledge of both analysis—fundamental & technical—is essential to get the best returns.
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so98nn
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November 18, 2021, 04:15:07 AM |
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After reading the whole thread it seems no one exactly know how and when the market corrections happen. I have seen many peeps just stating that the market is on the verge of correction when it has recently went to ATH and is now dropping in prices. Why not take the current cycle example where price rose ATH just few days back, got stabilised for sometime, and now crashing at alarming rate. Peeps will start calling this phenomenon as correction. This is because everyone thinks the ATH price was too much for it.
Honestly I do not believe in this one now a days. I myself used to state earlier that market is correcting itself and stuff like that. But these days the patterns are completely different. You cant be sure what happening. The movement you think its correcting itself is the next step bitcoin will jump to whole new ATH. Lolz.
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LUCKMCFLY
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November 20, 2021, 05:30:56 PM |
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Well, intuition is a valid way to take into account, however, you do not need so much experience to be able to predict it, for example the BTC is with a price higher than + $ 60k and this price can continue to increase due to many reasons, but in some At the moment you must make a correction naturally, a healthy correction, which is normal in any speculative market, and this means that it can occur at any time due to the volatility of the currency, and if this happens all altcoins will fall in price in a radical way, then it is always better to be aware of any bearish movement.
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AakZaki
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November 20, 2021, 05:58:27 PM |
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Short answer: You cant know, like knowing what's 2+2 . Its that simple. No one knows. But you can make a plan, according to your strategy and then, if it starts playing out, enter a position. That is what I do for btcusd and others. This my current view of things. If it happens, I get an entry. If not, then there is no entry. Its that simple. It needs to be updated regularly, and then be followed again. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fs3.tradingview.com%2Fsnapshots%2Fm%2FmZklQRYt.png&t=665&c=bdo8O-3j33dV_Q) It seems easy enough to read your words, but I think it's quite difficult to apply them. At least enter the market if you look at the chart must certainly have technical analysis in addition to fundamentals. If you look at the lines you make, it's certainly not easy for new people to understand. Indeed, market analysts have had ease with the various tools provided in the chart. When drawing lines I need the help of some tools such as fibonanci, RSI, MACD and some other tools. Because if you look at the line you make it will be very difficult why it can go down and then go up, down again it seems to need to be clearer.
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ScamViruS
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November 20, 2021, 06:01:08 PM |
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It’s hard to tell, you can only speculate. Your analysis will always come in handy. The knowledge of both analysis—fundamental & technical—is essential to get the best returns.
It is necessary. Many times the market fundamentals react recklessly due to various news which causes the market to become unstable and change in any direction of the big kind of market price. This makes it difficult for ordinary traders to find the right time. When a trader tries to make a decision after doing various analyzes, the opposite reaction is seen in the market, As a result, technical and fundamental analysis can often confuse a trader due to the rapid changes of the market.
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Stedsm
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November 20, 2021, 06:16:55 PM |
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Have you heard of Fibonacci? You must try it on your charts to understand where will the market be heading, because knowing major levels of support and resistance will literally help you out in finding out whether a correction is near or the market is going to take a rebound. And keep note of things side by side as to what's happening outside markets but relates to the crypto you're invested in, so that will also help you predict it in a much better way.
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Rengga Jati
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November 20, 2021, 09:33:01 PM |
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Market correction is the position of price or rate of coins or tokens are decreased. And commonly if they are more than -8-10%, maximally, they are considered as a market correction. And we can do buying the coins in some stages (not all in) in order to prevent being decreased again, so we still have another chance to buy. We can also see from the chart indicator of a coin price rate, there will be certain candles that show us about the movement of the price itself. So, this doesn't mean only by guessing an gambling, but by analyzing from the indicators. Although this may not guarantee that the analysis is true, but at least, this indicator helps us to understand what will probably happen to the market.
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palle11
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November 21, 2021, 08:50:53 PM |
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Have you heard of Fibonacci? You must try it on your charts to understand where will the market be heading, because knowing major levels of support and resistance will literally help you out in finding out whether a correction is near or the market is going to take a rebound. And keep note of things side by side as to what's happening outside markets but relates to the crypto you're invested in, so that will also help you predict it in a much better way.
From my experience with Fibonacci retracement , it is not a trend finder. Fibonacci is just like any other indicator that can be overwhelmed by market rush. Fibonacci is an indicator that you can set to your taste of trading strategy so I consider it as an indicator that can be manipulated or lagging behind the market price. I used it but it is not a trend finder, just one of the indicators that the market volatility will easily beat the set to confuse you.
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South Park
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November 24, 2021, 05:49:38 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.
This is the work of Technical Analysis, to know the possible trend or the next price range of a specific coins/tokens. Indicators can be use to tell if its going to up or down, either overbought or already oversold. In TA you must consider everything, one indicator that can be backed-up by other indicators, this can be more effective. Traders have to understand the function of indicators, this is very helpful and the real answer to the question of OP though it may not 100% guaranteed, but most of the time it follows the trend. The current price corrections is an indication that we failed to sustain the momentum and failed to break the resistance, its normal fo see such corrections if you just look at history of the price. Many people never do that, which is why I see people that are using 20 different indicators on the same chart when at most you need 4 or 5 to get the job done, if you have more than that then this means that most of the time one or more of the indicators on the chart are performing a similar function to other indicators and it is not adding anything to your understanding of the markets, and instead they could be hindering it by giving you mixed signals that makes more difficult for the average trader to make conclusions about the markets and its movements.
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LUCKMCFLY
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December 04, 2021, 01:30:18 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.
No one knows about when correction takes place even the people who are involve in crypto for so many years doesn't have a talent to predict the correction , we can only know the correction when it's already happen or takes place in athe market the price will suffer and it will make a sudden fall and people will panic and loss that is why patience is the most important in crypto if you don't have patience maybe you are in a wrong place. Some years ago through the tensorcharts.com tool it is possible to see where the buy and sell orders are, as they appear as if they were small liquidity pools, and these give a lot of information according to the season, in every market we know that when there are a bullish rally or bullish trend, at any time a small correction occurs, and that correction is natural and very common in all speculative markets, in fact there is also another tool that can be used in tensorcharts, and in tradinview which is the volume profile To activate this tool it is necessary to have the premium version but it gives a lot of relevant information regarding what the market can do.
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martina14
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December 04, 2021, 02:16:36 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.
Well, for you able to know none of the traders here in the cryptocurrency knows that dude, In fact, almost all members here in the forum are just giving their own speculations regarding about what they're thinking in the price could be in the future. Then, none of them can predict it accurately.
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PhucS
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December 04, 2021, 04:11:01 PM |
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I think very few people know in advance when the market will correct and the price will go down. The crypto market is always full of surprises. For some experienced traders, it is possible that they will be able to guess based on the signals that they have gathered through many trades. When the price is too high for a while, there may be a correction in the following days, but it is all guesswork, no one can know exactly what will happen in the future.
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carlfebz2
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December 04, 2021, 08:28:53 PM |
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I think very few people know in advance when the market will correct and the price will go down. The crypto market is always full of surprises. For some experienced traders, it is possible that they will be able to guess based on the signals that they have gathered through many trades. When the price is too high for a while, there may be a correction in the following days, but it is all guesswork, no one can know exactly what will happen in the future.
For TA's then yes but talking literally then it doesnt exist because there would be no human on this world does able to know on what future looks like thats why this is on self research and analysis when making out some presumptions or speculations on where the price could possibly able to go. When we do speak about correction then this is something that hard to know because it all varies with the community or market sentiment whether it is been influenced by Fud or any fundamentals.
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palle11
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December 04, 2021, 08:59:35 PM |
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I think very few people know in advance when the market will correct and the price will go down. The crypto market is always full of surprises. For some experienced traders, it is possible that they will be able to guess based on the signals that they have gathered through many trades. When the price is too high for a while, there may be a correction in the following days, but it is all guesswork, no one can know exactly what will happen in the future.
No one can say exactly that price will go down or up , it is only speculation that they do. The only kind that know may be the pump groups. The pump group can advise people in the group to buy coins that will keep the price also rising as more people buy it and they can start selling their hodling which can crash and fall the price but to know exactly that the price of bitcoin would fall is difficult. As it just dropped lately I don't think people expected the drop in price.
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DoublerHunter
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December 04, 2021, 09:25:38 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 cannot predict what will happen in the future because the price is unpredictable, but knowing the fact that we are in a correcting status because if you compared the previous price vs the actual price if the price was down too much sounds like 10%-15%, expecting that it was a correction that will surely be backed anytime soon. At this moment we saw that there is resistance after the correction, it seems BTC was trying to recover in just a matter of hours. And if you are going to ask me about it is a time to invest, yes anytime is a good time as long as the purpose is a long term holding.
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famososMuertos
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December 04, 2021, 10:26:32 PM |
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Well ... it is not something that you get up today and then the message comes to you today we are going to have a correction in the price, the sporadic trader mainly lives in that permanent conjecture to be or not to be (to sell or not to sell) but the daily one it just starts selling-buying, sometimes I find myself in those two profiles.
It just happened just a few hours or a day ago, that + -10% (bitcoin) was or is very nice and if we add it with the accumulated bitcoin in which it is according to its maximum this year that in just a few hours has left many with good profits to re-buy bitcoin, but it is the continuous "performance" of cryptos, so "guessing" or know the price correction, they only depend on you doing the corresponding trade action, it is not something that is always achieved, sometimes you get it right or sometimes you don't.
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nelson4lov
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December 04, 2021, 10:58:26 PM |
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For finding trend we have to guess what price is going to react around bottom or top line levels. Corrections happen after trends, if it is there you can trade the possible bottom for potential top in uptrends. Otherwise it is game of not getting liquidated.
I think that in the ideal trading world and conditions, corrections usually come after price might have rallied for a while - just as you said, after trends. although it's worth noting that there are also corrections within trends. it doesn't necessarily need to be after the trend. corrections offer an opportunity for new buyers to get on board the ship or a chance for further price sliding down to much lower zones. the only hurdle is knowing when price would correct so we can take advantage.
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livingfree
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December 04, 2021, 11:18:45 PM |
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It's visible.
Now, it's correcting.
We don't need any validation for it but, as an actual sight in the market there are the charts. But knowing what's next, if it will up or down, it's for you to find it out.
Mentors would tell you TA and FA.
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