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Author Topic: Each time you see a red candle!  (Read 374 times)
MarjorieZimmermanGinger
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January 21, 2023, 07:34:04 AM
Merited by G_Besar (1)
 #41

Sometimes newbies are lucky by coming into the cryptospace when it is bullish,and when they invest in short term they make much money and they feel that the market is always bullish, so they use this mentality to rush into investing, using funds that is for an important purpose to invest, believing they will make much profit immediately.
Thinking like this is too simple for beginners and you shouldn't be like that, because you should invest based on knowledge of what you want to invest, so that when something happens you don't panic and do things that are detrimental. In addition, relying on luck when investing is also not correct, because you will not be prepared if the market conditions get worse, it requires in-depth analysis to enter the market and make a purchase. Taking the short term under certain conditions is profitable, but the long term can always be relied upon.

Sometimes people take the wrong moment to invest, so that during a bear market they will react in the wrong way and try to cut losses by selling it, this is where the error lies in investing and making people lose their investment assets, because relying on luck when investing is the way most people who don't understand the bitcoin cycle.

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January 21, 2023, 08:19:26 AM
 #42

Whenever a red candle appears on the market, I will get ready with my order right away so I don't miss the moment to buy. Sometimes, I do nothing and just watch how far the red candle goes and don't open a buy order because my analysis says the price will fall even deeper. But if you are buying bitcoins to invest, I think you should just buy bitcoins at a low price and hold them. And when there's another low, you can either buy again or wait a bit to make sure it's the low for the day. Don't be scared if you see a red candle because it's not necessarily a very deep decline and could be a small correction before it starts to increase.

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January 21, 2023, 03:16:03 PM
 #43

Whenever a red candle appears on the market, I will get ready with my order right away so I don't miss the moment to buy. Sometimes, I do nothing and just watch how far the red candle goes and don't open a buy order because my analysis says the price will fall even deeper. But if you are buying bitcoins to invest, I think you should just buy bitcoins at a low price and hold them. And when there's another low, you can either buy again or wait a bit to make sure it's the low for the day. Don't be scared if you see a red candle because it's not necessarily a very deep decline and could be a small correction before it starts to increase.

Let us get this straight. What does a candlestick colour have to do with the candle direct haha nothing of course. If you set your candlestick in red it is not significant to where the price is going. We have the setting where you can adjust your colours and nothing will happen depending on the colour. So you have to learn this very well and stop making such mistakes. The colour of a candlestick doesn't affect the direction where it is moving to.
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January 21, 2023, 09:10:49 PM
 #44

The worst state of any investor is to be at long term loss. It comes with so much anxiety, anger, Fuddity, pressure, spoiled plans and many more ill happenings. But I see it as a time to abandon the old investment and focus on taking advantage of the bear moment seeking for new opportunities because as far as Bitcoin is concern there are new opportunities in every cycle. The beauty of an investment is in its quantity because with much quantity comes so much value.

As we grow and mature and become a experience investor, we have realized that the best time to really make money is to buy when the market is down. It's very different  when what we learned though, that during bear market, we shouldn't be buying because the market is uncertain and the it might continue to go down, so that is bad for us.

One of the biggest issues Bitcoin buyers face is that they use money meant to solve an urgent need to invest and end up selling at a loss to meet up with the need. Investment is best done with funds that don't have used in the nearest future, I prefer to call it errand money and because it is an errand money it is not meant to return immediately so errand takes longer time before they get delivered. The beauty of Bitcoin is long term investment. Hodl until it turns green. If it is not green, it isn't ripe for harvest. Each time a red candle appears, it is a signal to look out for buying opportunities.

First, you should invest what you can afford, so that you don't mistakenly selling off when the market is down because you just need money. Second, yeah, hold as long as you can, when the first condition is met, then the best thing is continue to accumulate and be a long term investor and just don't sell for small profits. I know others might be thinking of selling off right now because the market has been green for almost the whole month. But look ahead, the price is still low at $20k'ish, sell when we reach 6 digit or even higher.

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January 21, 2023, 09:50:29 PM
 #45

Whenever a red candle appears on the market, I will get ready with my order right away so I don't miss the moment to buy. Sometimes, I do nothing and just watch how far the red candle goes and don't open a buy order because my analysis says the price will fall even deeper. But if you are buying bitcoins to invest, I think you should just buy bitcoins at a low price and hold them. And when there's another low, you can either buy again or wait a bit to make sure it's the low for the day. Don't be scared if you see a red candle because it's not necessarily a very deep decline and could be a small correction before it starts to increase.

Let us get this straight. What does a candlestick colour have to do with the candle direct haha nothing of course. If you set your candlestick in red it is not significant to where the price is going. We have the setting where you can adjust your colours and nothing will happen depending on the colour. So you have to learn this very well and stop making such mistakes. The colour of a candlestick doesn't affect the direction where it is moving to.
Unless you would really be connecting out with those candle pattern indicators which it would really be that relevant if you would be including it into your own analysis and not just basing on candle
color whether it would be green or red which there's no way you could be able to point out on where the prices could potentially go and this what makes it hard even more.
Each time on seeing a red candle which i do usually check it out on higher time frame which it would be helpful on seeing on what would be the possible next trend but of
course you would be needing to make use of other indicators which would really make out some bias or confirmation.You cant just make out or draw conclusions
based up on nothing.
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January 22, 2023, 04:01:39 AM
 #46

Whenever a red candle appears on the market, I will get ready with my order right away so I don't miss the moment to buy. Sometimes, I do nothing and just watch how far the red candle goes and don't open a buy order because my analysis says the price will fall even deeper. But if you are buying bitcoins to invest, I think you should just buy bitcoins at a low price and hold them. And when there's another low, you can either buy again or wait a bit to make sure it's the low for the day. Don't be scared if you see a red candle because it's not necessarily a very deep decline and could be a small correction before it starts to increase.

Let us get this straight. What does a candlestick colour have to do with the candle direct haha nothing of course. If you set your candlestick in red it is not significant to where the price is going. We have the setting where you can adjust your colours and nothing will happen depending on the colour. So you have to learn this very well and stop making such mistakes. The colour of a candlestick doesn't affect the direction where it is moving to.
Usually, a decline will be interpreted as a red candle, and an increase will be interpreted as a green candle. You can replace the red and green colors with other colors you like. And if you don't do something by the time the red candle comes up, which means there is a price decline, you may miss out on buying at that low. The price movement must also be seen based on the indicators you use. If it decreases, a red candle will appear. If it rises, a green candle will appear.

.
SPIN

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January 22, 2023, 11:50:34 AM
 #47

Usually, a decline will be interpreted as a red candle, and an increase will be interpreted as a green candle. You can replace the red and green colors with other colors you like. And if you don't do something by the time the red candle comes up, which means there is a price decline, you may miss out on buying at that low. The price movement must also be seen based on the indicators you use. If it decreases, a red candle will appear. If it rises, a green candle will appear.

Hmm, not sure we're on the same page. You interpret candles, candles form on strict conditions -- it's what you do with them and how you think the next action will be lies the interpretation.

And far as I know, candlesticks are indicators themselves, suggesting future patterns and confirmed by subsequent candles -- you don't jump ahead of the first main candle Wink

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