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

[Fatunad]

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.

Very common behavior for a newbie to have on which they do really believe that it was really that easy to make profits via trading and soon they would realize it on the time that they had stepped their foot into the market
and would realize and that it wont be a simple thing and its true that trading isnt for everybody on which you would really be needing to be wise and and vigilant on price movements.
Trend hunting might sound easy but with technicals but we know that it wont give out 100% precision when it comes to that.

[GreatArkansas]

How to determine the trend for bitcoin?
(....)

For me, using multiple timeframes will help you to identify the trend here.
Using also the volume indicators, using moving average on volume will help too.

When you are using multiple timeframes, especially using a higher timeframe is very helpful because you will zoom out the chart and you gonna look at the higher timeframe first the trend, especially is it trading above the support or resistance? Or in sideways.

[aliborn]

Great response to the topic and so much useful information!

Many said about the news, I did not pay so much attention to them. I pay more attention to the correlation of bitcoin and S&P 500

[aliborn]

How to determine the trend for bitcoin?
(....)

For me, using multiple timeframes will help you to identify the trend here.
Using also the volume indicators, using moving average on volume will help too.

When you are using multiple timeframes, especially using a higher timeframe is very helpful because you will zoom out the chart and you gonna look at the higher timeframe first the trend, especially is it trading above the support or resistance? Or in sideways.

Using multiple timeframes can bring us closer to understanding the trend, its beginning and end.

It seems to me the basic thing with which I want to understand. Could you tell us about your experience in using multi timeframes?

[Alisha-k]

Fundamental analysis is a good tool for me following events and news to determine the next trend. It's even best for long term holding. I see technical analysis as a short term trading plan and will always want to play with emotions at constant interval especially if it is not used with news

[Mpamaegbu]

How to determine the trend for bitcoin?

The trend for Bitcoin has always been up for over a decade now. This is why veteran investors will tell you they don't look at charts before buying Bitcoin. They just buy whenever they have need of it. Only a few of them look at charts to take profit while most of them are less concerned about price when buying. Since trend is up for Bitcoin, it simply means no one can be wrong buying at any point of entry or level.

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

Yes, your observation is right. Sometimes I use that technique too if I need to acquire more units of whatever token I'm hodling which aren't "chartable" on my app. I just monitor Bitcoin chart to have a vague knowledge of where that token price could be moving to.

[palle11]

Using multiple timeframes can bring us closer to understanding the trend, its beginning and end.

It seems to me the basic thing with which I want to understand. Could you tell us about your experience in using multi timeframes?

Especially longer time frame like weekly and monthly. They give the direction of price wave and this will happen at the long term except that there will be a news that can shift the move for sometime and after that the move continues but the risk for traders who feel very comfortable with the price directional movement and not guiding their trade with stoploss is that at the change of direction, then they begin to lose heavily.

[TheUltraElite]

How to determine the trend for bitcoin?

Your topic title and your first question shows that you are confused, which I understand.

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

Usual technical like RSI, MA along with the market greed index, but do check the charts and see what was actually happening before that. If you are trying to follow the trends for short term gain you are risking more than you can profit. Trends are used better on advantage if done in long term.

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

Trend is not always fixed. You can say that since bitcoin is going up, after 10mins it is also going to go up - changes can occur suddenly. But the time factor is important here. If you are going for the long term, like I said, you can profit from the trend by knowing when to buy and sell.

[zaesvlas]

It's very well described in the title of the thread. In general, many tools can be called friends if you work with them correctly and know how to use them.

[AicecreaME]

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.

RSI (14), to spot divergence. Check your price chart, look for higher highs and higher low for uptrend, and lower highs and lower lows for downtrend. You could also see it on the volumes, the supply and demand of each coin. Honestly, determining a trend is easy, especially if you're updated on news and on their twitter update for their recent projects that could help the coin to pump or dump.

[teosanru]

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.

Trend can basically be divided into three types which is based on time frames, one is the long term trend which you can find out seeing either the monthly or weekly chart, then there is mid term trend which can be found on daily chart or 12h chart and then there is short term trend which can be found on 4h chart or 2h chart. But determining the trend in all the time frames is based on the same technique, which is going the pattern. To confirm an ascending trend, you'll have to find a series of higher highs and higher lows & for a descending trend find a series of lower higher and lower lows, anything which is not able to satisfy this condition is basically an unconfirmed sideways trend.

[Tellek Garing]

Cryptocurrency market trend is a great tool to determine what market to jump in on, but in doing so there are some signal tools to follow and you can also check on coin market cap to see top performing altcoins and make your choice from there and always follow your own decisions when it comes to choosing what coin to invest in.

[Viscore]

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.

By keeping updated of the current news and events, then you are also going to learn what's the trend. And if you will look for the trend for bitcoin, always monitor its chart and stay active on the social platform. And through visiting sites that create bitcoin predictions, you will also learn the latest trend in bitcoin. Most especially, if you engage yourself in bitcoin blogs or watch some of them, they'll bring out the trends in bitcoin.

[TheGreatPython]

By keeping updated of the current news and events, then you are also going to learn what's the trend. And if you will look for the trend for bitcoin, always monitor its chart and stay active on the social platform. And through visiting sites that create bitcoin predictions, you will also learn the latest trend in bitcoin. Most especially, if you engage yourself in bitcoin blogs or watch some of them, they'll bring out the trends in bitcoin.

The news can be helpful at times. There are some trends I would see in the market and I would decide that it is best for me to quickly hop on the trend for a short time and after I have made some profit I would quickly leave. Although there are times that I would leave and the market would continue to increase, but I never regret such moments because I know for sure that it isn’t something that I should ever bother about because my main target is usually to get whatever little profit I can make before the market of the coin I have invested in would start going. So, it is very important.

[doomloop]

Trend is not always fixed. You can say that since bitcoin is going up, after 10mins it is also going to go up - changes can occur suddenly. But the time factor is important here. If you are going for the long term, like I said, you can profit from the trend by knowing when to buy and sell.

If you are aware of the trend, like if it is going up or down, as soon as it starts to happen, then you could definitely make some money. The small moves of crypto is common, so if you think that it is going down, and catch it right it drops 0.1% or something, then get out at 3% drop, then you could make profit, same thing when it is going up. Doesn't mean that it would have to be very well designed, it could be a bit different and difficult but at the end of the day we are going to see the momentum change so you will have to catch that quickly. I am not saying that you can't, but it is not that simple and it will require a lot of talent.

[wxa7115]

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.

There are indicators that already exist which are devised with the idea of identifying a trend early on so you can get in at the beginning stages and make money that way, so maybe it should be a good idea that you look into them and see if one of them is up to your liking.

Now there are some people that do not use indicators and instead use the price exclusively to determine if we are in a trend or not, but regardless of the system that you decide to use remember to be careful as there is no way to predict the trend and its strength every single time.

[Finestream]

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.

You still need to be updated on the current events about bitcoin so you will know how to assess if those speculations are quite close to reality or not. Otherwise, you will fall believing in a wrong trend that may lead you into more future losses. However, if you end up having the correct trend in bitcoin, from your technical and even fundamental analysis, that will be your asset so you that you will make most of your trades become profitable, and only few losses.

[GeorgeJohn]

It's very well described in the title of the thread. In general, many tools can be called friends if you work with them correctly and know how to use them.

The problem is that before you perfect the tools you are emphasising on it and it gives you the kind of results you wanted,  you
Most put yourself together, a tool can be nice or good when you know the applications, a friend who high intellectual quotient that wants to educate you, you will grab it well, but a situation whereby they know nothing it's very obvious that you will follow their pathways

[Lexurdania]

Cryptocurrency market trend is a great tool to determine what market to jump in on, but in doing so there are some signal tools to follow and you can also check on coin market cap to see top performing altcoins and make your choice from there and always follow your own decisions when it comes to choosing what coin to invest in.

following trend mean we following whales movement, dont againts them that have huge balance in their wallet. following coins or token that hype in coinmarketcap or coingecko also be simple technique to market movement,maybe trending search be an indicator to show majority  crypto community move to where.

[Vaskiy]

As stated by OP, if one can predict the market movements of bitcoin it is the key for the majority of the altcoins. But, the moves won't be happening same everytime. We need to learn about the market changes happening with altcoins in accordance to the movements happening with bitcoin. If bitcoin experience a 10% growth, the altcoins won't be experiencing the same and vice versa.

Rather than looking for tools, the market observation is the major thing that lets one to understand better about the market movements. These days influencers were the one making big impact over altcoins for short term, so following them will let users make short term profits. Also there is high risk, because we don't know on what basis the Influencer have invested as there are paid influencers working for altcoins.