Time to buy or sell?

[hack3rcon]

Hello,
I found following Crypto chart patterns:
https://i.postimg.cc/Mpn0KRfY/Crypto-Chart-Patterns.jpg

According to the following image, is it the Pennant?
https://i.postimg.cc/zBS4wzYb/FET-1.png


Thank you.

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[Charles-Tim]

If you are trading, know that it is like you are gambling, trading is not gambling because with trading, you can use indicators and make some analyses to predict where the market is going. I noticed some altcoins like GRT, AGIX, FET, FSX and OCEAN to have increased significantly recently, even when bitcoin is not increasing. If you use the 4 hours candle stick, it is like the market may still decreased, but that depend on bitcoin too and indicator can fail. If bitcoin start another bull run, those coins can increase more, but slight decrease in bitcoin will result to massive decrease on those coins. But some traders will still prefer to sell it.

[pixie85]

Trading formations work only half of the time. If you watch some of the youtube guys they always come up with a pattern after it confirms and when they come up with a pattern before the confirmation it's a shot in the dark. When it doesn't work they even delete the videos or change them so it looks like they were more consistent and leave only videos that confirmed.

Go to 12 h chart on bitcoin between June and September 2022 and you'll find a perfect example of rising waves pattern which in your link is bullish and ends with a buy signal but in bitcoin it crashed down.

I don't trade anymore but if you ask me if you should buy or sell now it means you're scared and holding bitcoin. If that makes you uncomfortable and you have a profit of more than 10% just sell and wait until you gain more confidence. Better be safe than sorry.

[BitMaxz]

That pattern will not work in the long term it only works in the short time.
Nowadays is not easy to predict the crypto price movement analyzing the market only helps you decide and know when to buy or sell sometimes analyzing them will work but sometimes it doesn't always keep in your mind that Crypto is unpredictable.

As you can see in your chart with Fetch.ai/Tether and most of the tokens/coins out there they are rising due to the recent bitcoin rise.

If I were you since you don't know yet how to analyze the coin/token learn about FA and TA and some strategies from this link below and don't worry few tools from that link is free where you can test your skills and strategies.

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

[Bitcoin_Arena]

It seems like a pennant, but if you are to base on that pattern right now for your short term trades. It's too late for you. Just wait for another formation to come up. The coin already pumped and we might see a correction.

Personally, I don't follow the patterns religiously. Most of the time they are misleading.

[Charles-Tim]

Personally, I don't follow the patterns religiously. Most of the time they are misleading.

Yes, the pattern can be misleading, I know of a guy that short APT recently at $17, the coin increased from $3.03 to $20.03, the guy short it at $17, thinking the price will start to decrease. Only what he noticed was that the coin increased from $17 to $20.03 and he close the trade at $19. Although, the coin later in days dropped from $20.3 to $14.4 yesterday, but the market was very volatile and made him panicked and he lost. There are sometimes that someone can think it is bear market for a coin already, but the coin might continue to increase in price, a massive bull run can make bears asset to continue to liquidate.

[First Registration]

Hello,
I found following Crypto chart patterns:
https://i.postimg.cc/Mpn0KRfY/Crypto-Chart-Patterns.jpg

According to the following image, is it the Pennant?
https://i.postimg.cc/zBS4wzYb/FET-1.png

You may want to trade. But I can see usdt in your chart but all coins depend on Bitcoin. And you have downloaded the crypto chart from the website. So research yourself well and start trading.

https://www.newtraderu.com/2022/03/07/crypto-chart-patterns/

[Scripture]

Depends on how you approach the market and honestly, where are you during the bear market?
I’m wondering why many are not buying during the bear market where in fact, that was the best time to buy more and hold more. Now that the price is rising, many rushing into this marker as if they are going to missed something. If you are bullish right now and see a lot of good opportunities, better to buy now and wait for the bull trend.

[tjtonmoy]

According to the following image, is it the Pennant?

Code:

[url=https://i.postimg.cc/Mpn0KRfY/Crypto-Chart-Patterns.jpg][img width=200 height=300]https://i.postimg.cc/Mpn0KRfY/Crypto-Chart-Patterns.jpg[/img][/url]

[url=https://i.postimg.cc/zBS4wzYb/FET-1.png][img width=400 height=200]https://i.postimg.cc/zBS4wzYb/FET-1.png[/img][/url]

If you are having trouble posting images with URL, please follow this code. You can also use [img] without width and height, it's up to you. I have seen your profile and seems like you have no problem posting image but here you just posted the links. As you can see, you can click the image, and it will take you to the original image.

Now coming to the point for chart analysis. You have to do it on your own. No one here will give you any signals or advice on when to buy or sell. It's a risk you have to take on your own. Do your own research and compare them to the chart. No one else will take that risk for you. You are on your own here mate.

[jackg]

According to the following image, is it the Pennant?

I generally think it's better to be able to spot a pattern than it is to name it. It becomes a lot easier to find new ones that work well if you can teach yourself how to spot them and test they'll be successful (only going off what you have seen in the past - don't try to randomly guess things it's a skill that takes a long time to develop).

In this example I wonder why you've called it a pennant and not a "measured move up", they would both act very similar but I think the latter would be easier to trade because you're not waiting to a lower low like the pennant implies.

[adaseb]

I don’t know if you are new to trading or not but one thing I will tell you is that you can’t trade on technical analysis alone. It barely works 50% of the time. Remember. If it was just as simple as looking at a pattern, wouldn’t everybody do it ?

It doesn’t work that way. You need to use more indicators and sentiment. When we are very bullish then there is a good chance a bullish pattern will work. If we are bearish then most likely a bullish pattern won’t work and vice versa. You need to get a general sense of what the market is doing and then use TA to enter a trade.

[hack3rcon]

That pattern will not work in the long term it only works in the short time.
Nowadays is not easy to predict the crypto price movement analyzing the market only helps you decide and know when to buy or sell sometimes analyzing them will work but sometimes it doesn't always keep in your mind that Crypto is unpredictable.

As you can see in your chart with Fetch.ai/Tether and most of the tokens/coins out there they are rising due to the recent bitcoin rise.

If I were you since you don't know yet how to analyze the coin/token learn about FA and TA and some strategies from this link below and don't worry few tools from that link is free where you can test your skills and strategies.

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

Hello,
Thank you for your reply.
The short time? How long? How can I recognize this period?

[BitMaxz]

Hello,
Thank you for your reply.
The short time? How long? How can I recognize this period?

If you know the bitcoin price history you should know how long you would hold your coins/tokens but it depends on what coins/tokens you hold if it's just a bitcoin every block halving is a good time to monitor the price.
Since Bitcoin price always depends on demand and supply after a block halving the supply from miners will drop because the reward from blocks they mine is divided in half. It means from 6.25 after the block halving the block reward will be 3.125BTC so supply will drop and I believe the demand may increase due to the block halving which can lead to a Bitcoin price skyrocketing.

I don't know exactly how long but if you already made a profit then make sure to gradually exchange them into USDT until you reach the new ATH.

[virasisog]

Hello,
Thank you for your reply.
The short time? How long? How can I recognize this period?

If you know the bitcoin price history you should know how long you would hold your coins/tokens but it depends on what coins/tokens you hold if it's just a bitcoin every block halving is a good time to monitor the price.
Since Bitcoin price always depends on demand and supply after a block halving the supply from miners will drop because the reward from blocks they mine is divided in half. It means from 6.25 after the block halving the block reward will be 3.125BTC so supply will drop and I believe the demand may increase due to the block halving which can lead to a Bitcoin price skyrocketing.

I don't know exactly how long but if you already made a profit then make sure to gradually exchange them into USDT until you reach the new ATH.

Those who have been with Bitcoin through different market situation already know it's capability to reach a good value so the decision to whether sell or buy depends on your target profit.
If your goal is just to make a profit regardless of how low or high it is, you could sell when the market recovers but if you want to gain a bigger profit, just hold and wait for the bullish season to approach. Things will all depend on your purpose and your target profit but if you are having doubts, you better know Bitcoin more by looking back at its history.

[jaberwock]

Those who have been with Bitcoin through different market situation already know it's capability to reach a good value so the decision to whether sell or buy depends on your target profit.
If your goal is just to make a profit regardless of how low or high it is, you could sell when the market recovers but if you want to gain a bigger profit, just hold and wait for the bullish season to approach. Things will all depend on your purpose and your target profit but if you are having doubts, you better know Bitcoin more by looking back at its history.

I think many experienced Bitcoiners will now prefer long-term but there are some who are versatile and can do both long and short. They also do trading on the side because for them, time is money so they won't just sit and wait there for their Bitcoin investment to grow but they must move on and find extra hustles to boost their income.

For the newbies in the scene, it would be better if they start at short-term first so that once they feel good about the profits that they get, they will now be addicted with it and they will eventually try long-term because they also want to know how it's like to sell bitcoin at $100k or above. Another reason why is that newbies are excited and lacks of patience.

[yohananaomi]

Depends on how you approach the market and honestly, where are you during the bear market?
I’m wondering why many are not buying during the bear market where in fact, that was the best time to buy more and hold more. Now that the price is rising, many rushing into this marker as if they are going to missed something. If you are bullish right now and see a lot of good opportunities, better to buy now and wait for the bull trend.

sometimes it's time to buy when the price has fallen and indeed the market situation is bearish, but it's not implemented as soon as possible but hoping the price will drop even more. it is precisely the fact that the price actually increased, so that there were doubts and refrained from even buying, so that the moment to buy was missed and could not be implemented.

it is currently on the rise but the market can still swing back and it is expected that this increase will only be temporary, so it is very timely to buy quickly.
remember when approaching the halving period it is certain that a bull market will occur and the opportunity to buy to be able to get good profits will be lost, so hurry up to buy it.

[Quidat]

Depends on how you approach the market and honestly, where are you during the bear market?
I’m wondering why many are not buying during the bear market where in fact, that was the best time to buy more and hold more. Now that the price is rising, many rushing into this marker as if they are going to missed something. If you are bullish right now and see a lot of good opportunities, better to buy now and wait for the bull trend.

sometimes it's time to buy when the price has fallen and indeed the market situation is bearish, but it's not implemented as soon as possible but hoping the price will drop even more. it is precisely the fact that the price actually increased, so that there were doubts and refrained from even buying, so that the moment to buy was missed and could not be implemented.

it is currently on the rise but the market can still swing back and it is expected that this increase will only be temporary, so it is very timely to buy quickly.
remember when approaching the halving period it is certain that a bull market will occur and the opportunity to buy to be able to get good profits will be lost, so hurry up to buy it.

One of the things that we do encounter on the time that we do trade or invest with cryptocurrencies is that we cant really be that to sure when it comes to positioning and minding about on where prices could actually go.This would really be a big hindrance for us to make a full swing action because we are really that hesitating on where it could possibly go.Time to buy or sell?
It would really be depending on how someone would really be considering out a particular moment or on point scenario whether its really a good time to buy
or wouldnt really be that a good point to place yourself on.

[Hamza2424]

Buy or Sell, the situation is different for the both trader and Investor. For the trader you can jump into the market right now after making some predictions and analysis but on the other hand As an investor i think wait for the closing of the week until tomorrow that will be a better move and also take a closer look at the fundamental news and updates regarding crypto market. PPI report is also failed to impact the market badly as market is directly resisting all the chnages to the market.

[Fivestar4everMVP]

For those who are investing for the long term, i would say that it is a good time to some bitcoin, as well as some good top altcoins, maybe some low cap coin with good potentials too, this is because as we all know, next year is bitcoin halving and many investors are anticipating another bull run, which have become like some thing the market does every 4 years circle, so finding a good buying point right now and getting in, and holding it through 2024 to 2025 could end up being a good decision, this is not a financial advise though, we should always remember the importance of doing our own individual research before making investment decisions.

[blockman]

Did everyone manage to sell when bitcoin hit $25,000? I didn't because I am for the long term. Although it's not going to hurt to take some actions and start selling when you think that you've got enough. Even though there are some times that we have to think if we're for a long term still, we need to make some short term profits. Well, I didn't do anything as of now and keep my holdings sitting because I think that it's more rewarding in the future just as what we've seen in the past.