The trend is your friend if you know how to identify it))

[aliborn]

How to determine the trend for bitcoin?

Share tools or your opinion on determining the turn for bitcoin.

The topic is interesting because correct knowledge of the Bitcoin trend will help predict the direction for 98% of altcoins according to my observations.

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[livingfree]

How to determine the trend for bitcoin?

Share tools or your opinion on determining the turn for bitcoin.

The topic is interesting because correct knowledge of the Bitcoin trend will help predict the direction for 98% of altcoins according to my observations.

If it's about the trend, I'm into the news.

Together with the chart, if there's a sudden increase. I'm quickly looking if there's any good reason for the pump and a news that's related to it. But if there's none.

I'm waiting for a few hours until a news comes out. And if you're good in technical analysis, you'll just have to check and see if there's a pattern or trend that's being formed based on its chart.

[stomachgrowls]

How to determine the trend for bitcoin?

Share tools or your opinion on determining the turn for bitcoin.

The topic is interesting because correct knowledge of the Bitcoin trend will help predict the direction for 98% of altcoins according to my observations.

^ Just like on what had been said above - Im also into news when it comes to fundamentals.

You could visit out these sites if you are interested into.
https://news.bitcoin.com/
https://cointelegraph.com/
https://www.coindesk.com/
https://cryptonews.com/

You would definitely able to know trends yet these news outlets would definitely make out some headline.

[BitMaxz]

You don't need many sites to read news about the coin like the post above if you want to see all news about Bitcoin or altcoin there is only one website that I use.

Here's the website below it also has trends and you can able to join and comment.
- https://cryptopanic.com

And if you want to learn more about trading and learn more about patterns and trends you should study Technical Analysis(TA) there is an awesome source that you can check below

- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading

Scroll down and look for Technical Analysis and also learn about Fundamental Analysis(FA)

[Jating]

How to determine the trend for bitcoin?

Share tools or your opinion on determining the turn for bitcoin.

The topic is interesting because correct knowledge of the Bitcoin trend will help predict the direction for 98% of altcoins according to my observations.

If you are familiar with trading view, there's a lot of market there, but choose bitcoin

https://www.tradingview.com/symbols/BTCUSD/

And then there you will find interesting predictions and analysis. But then again this is just speculation so you need to be very careful as well. Just read and then make your decision yourself.

[tranthidung]

Share tools or your opinion on determining the turn for bitcoin.

With Bitcoin, you should have a long term vision for your investment. What is a long term trend of Bitcoin? Superb bullish according to its yearly chart.

• https://stats.buybitcoinworldwide.com/yearly-candles/

There are ups and downs, Green and Red months, massacres in the market but long term, the trend is bullish.

• https://cryptorank.io/price/bitcoin

The topic is interesting because correct knowledge of the Bitcoin trend will help predict the direction for 98% of altcoins according to my observations.

Altcoins are too risky and they can easily lose 99% of their all time high values when either the trend is over or the trend of crypto market turns from bullish to bearish.

• See the historical snapshots on top altcoins from Coinmarketcap: https://coinmarketcap.com/historical/

[rhomelmabini]

You don't need many sites to read news about the coin like the post above if you want to see all news about Bitcoin or altcoin there is only one website that I use.

Here's the website below it also has trends and you can able to join and comment.
- https://cryptopanic.com

And if you want to learn more about trading and learn more about patterns and trends you should study Technical Analysis(TA) there is an awesome source that you can check below

- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading

Scroll down and look for Technical Analysis and also learn about Fundamental Analysis(FA)

I guess I'm going with this approach as well, I'm more into the minimalist side of stuffs too and don't want to clutter the views and opinions from a lot of sources. I thank you for this great resources @BitMaxz and it's now on my bookmark lists. Haven't really gone into cryptopanic before and exploring the site really amused me, it's simple and a classic looking style of UI/UX. Appreciate it.

[bittraffic]

There are indicators that you can rely on when you want to see trend but this will also depend on the time frame where you want to trade. Generally, RSI can do this for you as you can see the bottom which you can bet its going to go up any moment.

For the higher time frame I think in the daily or weekly chart, the RSI still can be useful and the 200 Moving Average. You will however be surprise if the market act the same way as it is since yesterday and today because it seem to be very manipulated that its doing flash pump and dump.

[sulendra12]

How to determine the trend for bitcoin?
Share tools or your opinion on determining the turn for bitcoin.

If we are talking about trend, then it's surely depends on the news you are getting on the internet. You may need to subscribe on some of those news medias in the internet that are covering about Bitcoin and cryptocurrency in general, also keep a track on influencer's social medias as well because they could give you some insight about the hype/trend in later date.

[so98nn]

There is no big deal in bitcoin trend. That oldie is way consistent in its movement upwards. Pick the historical data, checkout the pattern and you will see it’s really big bull and big bears all the time. However, if you are going to day trade or have Short trading goals then it comes to learning of in depth analysis for bitcoin data. But it is also advisable not to go for shorts when it’s bitcoin. Better keep saving more and more bits and watch your wealth grow over the time. The historical trend anyway following it all the time so you have nothing to loose in long period.

[ningrum]

How to determine the trend for bitcoin?
Share tools or your opinion on determining the turn for bitcoin.

If we are talking about trend, then it's surely depends on the news you are getting on the internet. You may need to subscribe on some of those news medias in the internet that are covering about Bitcoin and cryptocurrency in general, also keep a track on influencer's social medias as well because they could give you some insight about the hype/trend in later date.

When we dive into cryptocurrency it is very important indeed to follow the news,
because positive or negative news has a considerable influence in the movement of the crypto market,
what is certain is that for now it is easier to get crypto news because there are also many circulating on the internet

[zaesvlas]

There are a lot of instruments in trading that can be considered friends The main thing is to really "be friends" with them.

[Peanutswar]

Trading is one of the hardest things because its all about your knowledge and decision making so if you learn basic trading we know that trend is your companion but again they are just signals we called which is the use of the Technical Analysis by that it already give you an insight what are the next pattern also it is ideal if you keep updating with the news some of those take you an advantage regarding the upcoming long sell or buy positions. Always invest with your knowledge this will prevent and lessen the risk for your decision making.

[palle11]

For bitcoin I don't know if there is exact way to know the trend especially when halving has come and gone. The trend is usually bull when there is a halving and the whole of market expect that after few months that the price will go up and after that a correction is likewise expected. This happened during 2017 and repeated currently. So I think those are sure trend to watch out for in bitcoin.

[Wexnident]

I mostly use https://www.coindesk.com/ and trading view. I used to look for articles from Cointelegraph but eh, it just kinda dropped on me. Though now it isn't really related to investing in Bitcoin or anything, I just read it just because I want to get updated on the latest news about crypto. Investment in Bitcoin became a DCA kind of thing, so I didn't really have the need to worry about whether it's trending or not, I just invest. There's also the option of basing it on historical data, which is much easier to get and analyze imo, and it's an investment for the long term, so you don't really have to stress about trading all the time.

[joeperry]

I usually looks to other ideas online where they share their analysis and compare it to my analysis if there is a similarity with our ideas but to answer your question how to identify a trend is simple using a support and resistance trend and a few confirmations would you already know that what trend it is or if it is on reversal already.

[JooBra]

How to determine the trend for bitcoin?

Share tools or your opinion on determining the turn for bitcoin.

The topic is interesting because correct knowledge of the Bitcoin trend will help predict the direction for 98% of altcoins according to my observations.

If it's about the trend, I'm into the news.

Together with the chart, if there's a sudden increase. I'm quickly looking if there's any good reason for the pump and a news that's related to it. But if there's none.

I'm waiting for a few hours until a news comes out. And if you're good in technical analysis, you'll just have to check and see if there's a pattern or trend that's being formed based on its chart.

That's it. I think that is what is needed to be in position to be a good trader. At the end it's so simple, just be out there follow the news know TA and follow the trend. I think people overcomplicate it in general and made bad calls.

[maydna]

I guess you just have to look at the market situation, and if the line is decreasing and doesn't stop, it means the bitcoin trend is down and vice versa. But I also find it is a bit difficult to determine which direction the bitcoin trend is going because it will depend on where the bitcoin price will move and what traders will do. It will not be easy to predict the market's direction because the trend may change in the opposite direction in a few minutes or hours. But charts are your friend in analyzing market conditions.

[palle11]

That's it. I think that is what is needed to be in position to be a good trader. At the end it's so simple, just be out there follow the news know TA and follow the trend. I think people overcomplicate it in general and made bad calls.

Sorry it is not that easy like you wrote and make it to appear, no. If it is easy then more traders will be going home more than those that are losing . Trading by every means is not easy business area and everything about it is not a guarantee to make profit. This is what traders believe especially newbies who think all about profit and they jump in to every trade and regret.

[DoublerHunter]

How to determine the trend for bitcoin?

Share tools or your opinion on determining the turn for bitcoin.

The topic is interesting because correct knowledge of the Bitcoin trend will help predict the direction for 98% of altcoins according to my observations.

^ To determine the BTC trend, you should stick to the fundamental analysis and confirm it using technical analysis.
There are a lot of references to follow if you are closely watching the market and how to determine the possible trend, the FA tools for analyzing the price are very helpful and give you a near-to-close prediction. Nevertheless, the other good points have been suggested above and I hope you will also have your own research and apply this in your analysis on determining the possible price in the future and it could be the result of being a good trader.