Time to buy or sell?

[Mpamaegbu]

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?

Whether Pennant, Flag or whatever BO you're aiming for before you trigger a buy at this moment should be jettisoned if you're buying on the long term. Like I keep emphazing, Bitcoin is at a huge discount at this time. Even if price goes down after this post of mine, it still doesn't mean it's a bad time to buy. Buy and act like it's a forgotten investment. Then go back in 2024 to harvest it, that's when you will value the decision you will be taking now. That's if you do take that decision now.

[1714968061]

1714968061

[justdimin]

if you wanna be a hotshott in the crypto world, you gotta have some self-awareness and discipline. Know what you like and can handle, and only then should you make any decisions. And let's not forget to take a peek at what the markets doin' - are ya gonna trade or invest? Either way, if you wanna see som long-term gains, try scooping up those coins when they're cheaper than the top dogs. But hey, don't get too cocky - this crypto game is a wild ride, and there are no guarantees. Its like a box of chocolates, you never know what you're gonna get. So don't put all your eggs in one basket, buddyy. Diversify your portfolio and do yur own dang research. Keep up with the latest gossip, err, I mean news and trends, and don't put more in the pot than you can afford to loos. In the end, its all about havin a long-term mindset and bein willin to roll with the punches. Or in this case, the volatile and unpredictable crypto market.

Those type of "fine tuning" of your skills and your desires would get you a long way in the crypto world. It's not a thing that you should be doing as a suggestion, but it is a thing that you have to do as a must. Without having further information regarding crypto, and what type of skills that you need to learn and which of them fits you the best, you wouldn't be able to actually get away with anything and you would make a loss.

But, if someone follows your suggestions, they will end up with something much bigger and better, it will allow them to make a lot better solutions and would allow them to have a better understanding of how they can navigate such a difficult market.

[jossiel]

And regarding the time to buy or sell, it will depend on how the market moves. If the market is what it is today, buying a little bit is fine while I wait and see what happens. If the price increases again after this, we can wait until the price can get another correction and decrease the price.

Like it's attitude now, the market is starting to increase again.

It's for each of us to determine when we should buy and sell and at these times, if you've bought under $20k then you think of selling it then. But learning from everyone's experience in the past.

You could be happier if you're patient to see the increases that might happen within just the next several months up to a year or two.

[michellee]

That's because not many people can understand our questions so we can all give different answers depending on our own experiences. And yes, we should try to find the answers we want based on the questions we have to get the answers we want.

And regarding the time to buy or sell, it will depend on how the market moves. If the market is what it is today, buying a little bit is fine while I wait and see what happens. If the price increases again after this, we can wait until the price can get another correction and decrease the price.

It's just partly because of different experience, big part is based on that we are different in general: some like one things, some another, some have one character and some another. So our personal trading behavior is very dependent on the things which are not representing a market.

So if we talk about current state of affairs then we should ask if we want to trade or to invest. And I'd not buy for trading at the moment as I expect that bearish market is not over (I can be mistaken, so it is not an advice) and if I wanted to invest it is not bad time for long term buying — you can never catch a bottom so to buy not ATH is not a bad idea IMO.

For now, trading and investing can still be an option because both can provide short, medium and long term benefits. And it depends on how good you are at mastering the analysis that can help you know when you can enter the market.

But if you are afraid to trade and decide only to invest because the movement is still unstable and can decrease the price like it is now, you can buy and hold it for a while. And even though the price may increase again later, even to the $30k mark, it still seems like a good price to buy bitcoins since the last ATH was at $60k. So buying bitcoins at $60k can still be considered an investment price.

[Oilacris]

And regarding the time to buy or sell, it will depend on how the market moves. If the market is what it is today, buying a little bit is fine while I wait and see what happens. If the price increases again after this, we can wait until the price can get another correction and decrease the price.

Like it's attitude now, the market is starting to increase again.

It's for each of us to determine when we should buy and sell and at these times, if you've bought under $20k then you think of selling it then. But learning from everyone's experience in the past.

You could be happier if you're patient to see the increases that might happen within just the next several months up to a year or two.

If you are going for long term then you would really not mind much whether on what point you would really be buying on on which you cant really be that having the emotions on selling on early point
since you are really that targeting for long term.Patience is extremely needed specially if you do keep on watching market condition.

On my part i do have 2 portions of investment which one bag is for long term and one is for short term trading on getting some percentage profits.Yes, its really that
that depending on you since we do have different targets when it comes to our investment.

[n0ne]

And regarding the time to buy or sell, it will depend on how the market moves. If the market is what it is today, buying a little bit is fine while I wait and see what happens. If the price increases again after this, we can wait until the price can get another correction and decrease the price.

Like it's attitude now, the market is starting to increase again.

It's for each of us to determine when we should buy and sell and at these times, if you've bought under $20k then you think of selling it then. But learning from everyone's experience in the past.

You could be happier if you're patient to see the increases that might happen within just the next several months up to a year or two.

Yeah, users who had made the buy when the price was down to $20k can now book their profits and wait for the buyback moment. Same time we can't have precise calculation of price to get hold on specific price and drop downwards. For now there are prediction of price touching $30k.

Good is to make their own analysis and look for the right time to record the profit. In recent days there is good move on the altcoins market which seems like we're in transition towards the altcoin season.

[serveria.com]

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.

Following all these pennants and similar BS... sure way to lose your hard-earned coins. It just doesn't work. All these flags, pennants, crosses etc is pure gambling: 50% chance at best. I can only tell you one thing: there's huge constant upwards pressure right now. We have reached $25k and I can feel no signs of stopping. My bet is we're heading into the $28-30k area.  

[jokers10]

For now, trading and investing can still be an option because both can provide short, medium and long term benefits. And it depends on how good you are at mastering the analysis that can help you know when you can enter the market.

But if you are afraid to trade and decide only to invest because the movement is still unstable and can decrease the price like it is now, you can buy and hold it for a while. And even though the price may increase again later, even to the $30k mark, it still seems like a good price to buy bitcoins since the last ATH was at $60k. So buying bitcoins at $60k can still be considered an investment price.

When I talk at the moment in this case I really mean at the moment, so it is not about this year or for several months. I expect that bitcoin will go down soon enough for short term traders to buy it cheaper and then sell again costlier (it is not an advise, my predictions are not even close to 100%, so I can be very mistaken). So investing at the moment is still good as if you hold long enough less then 25k for bitcoin is a good price, but short term trading has other senses (and I prefer not to play with it as I'm not experienced enough for that).

[michellee]

For now, trading and investing can still be an option because both can provide short, medium and long term benefits. And it depends on how good you are at mastering the analysis that can help you know when you can enter the market.

But if you are afraid to trade and decide only to invest because the movement is still unstable and can decrease the price like it is now, you can buy and hold it for a while. And even though the price may increase again later, even to the $30k mark, it still seems like a good price to buy bitcoins since the last ATH was at $60k. So buying bitcoins at $60k can still be considered an investment price.

When I talk at the moment in this case I really mean at the moment, so it is not about this year or for several months. I expect that bitcoin will go down soon enough for short term traders to buy it cheaper and then sell again costlier (it is not an advise, my predictions are not even close to 100%, so I can be very mistaken). So investing at the moment is still good as if you hold long enough less then 25k for bitcoin is a good price, but short term trading has other senses (and I prefer not to play with it as I'm not experienced enough for that).

Right, I agree with you. $24k-$30k is still a good price to get bitcoins considering they can go back to previous peaks so if we can get lots of bitcoins at the current price and hold them until they make the next peak, we should be making a huge profit. And this has happened before so that many people can make big profits.

But if the price can't increase this year, next year, or the next few years, it won't be a problem because we still have the opportunity to get those big profits. But holding bitcoins is not easy. Not many people can do it because most people will panic or worry when they see the price increase and eventually decide to sell their bitcoins instead of worrying every day.

[Xampeuu]

For now, trading and investing can still be an option because both can provide short, medium and long term benefits. And it depends on how good you are at mastering the analysis that can help you know when you can enter the market.

But if you are afraid to trade and decide only to invest because the movement is still unstable and can decrease the price like it is now, you can buy and hold it for a while. And even though the price may increase again later, even to the $30k mark, it still seems like a good price to buy bitcoins since the last ATH was at $60k. So buying bitcoins at $60k can still be considered an investment price.

When I talk at the moment in this case I really mean at the moment, so it is not about this year or for several months. I expect that bitcoin will go down soon enough for short term traders to buy it cheaper and then sell again costlier (it is not an advise, my predictions are not even close to 100%, so I can be very mistaken). So investing at the moment is still good as if you hold long enough less then 25k for bitcoin is a good price, but short term trading has other senses (and I prefer not to play with it as I'm not experienced enough for that).

short-term trading is more complex, where we have to create a framework to determine the buying area at the formed support. for the long term I think there is no problem considering the highest ATH is $ 64K, considering that the decline has exceeded 50%, and is the golden area between 50-61 on the Fibonacci line. therefore we must understand very well the purpose of our transaction for the short term or long term, for beginners it is better for long term investment, buy and hold it until you make a profit

[bitzizzix]

For now, trading and investing can still be an option because both can provide short, medium and long term benefits. And it depends on how good you are at mastering the analysis that can help you know when you can enter the market.

But if you are afraid to trade and decide only to invest because the movement is still unstable and can decrease the price like it is now, you can buy and hold it for a while. And even though the price may increase again later, even to the $30k mark, it still seems like a good price to buy bitcoins since the last ATH was at $60k. So buying bitcoins at $60k can still be considered an investment price.

When I talk at the moment in this case I really mean at the moment, so it is not about this year or for several months. I expect that bitcoin will go down soon enough for short term traders to buy it cheaper and then sell again costlier (it is not an advise, my predictions are not even close to 100%, so I can be very mistaken). So investing at the moment is still good as if you hold long enough less then 25k for bitcoin is a good price, but short term trading has other senses (and I prefer not to play with it as I'm not experienced enough for that).

Right, I agree with you. $24k-$30k is still a good price to get bitcoins considering they can go back to previous peaks so if we can get lots of bitcoins at the current price and hold them until they make the next peak, we should be making a huge profit. And this has happened before so that many people can make big profits.

But if the price can't increase this year, next year, or the next few years, it won't be a problem because we still have the opportunity to get those big profits. But holding bitcoins is not easy. Not many people can do it because most people will panic or worry when they see the price increase and eventually decide to sell their bitcoins instead of worrying every day.

Short term trading in my opinion is still a good option if you buy at the right time, and some investors do this which makes bitcoin gradually increase.
if we remember the price of bitcoin was 17k and that was a good price to buy and a lot of short term traders sold when the price of bitcoin was 20k-21k which was only a few weeks, and it repeated many times. Then buy at 20k-21k traders sell at 24k-25k and so on I think bitcoin price will reach 28k-29k in March.
So I think now is a good choice to trade short term if you do it right and it would be better to trade long term or invest in bitcoin even any investment has risks but if we believe and have strong patience I believe it will work.
And that panic only happens mostly to beginners because those who have been in this industry for a long time see that they are very familiar with bitcoin and know its tracks which in my opinion does not make them panic even when they are down. Because believing that it will bounce back eventually and in the long run is the best and safest choice, and also short term trading is good when the market is on a gradual rise.

[jossiel]

If you are going for long term then you would really not mind much whether on what point you would really be buying on on which you cant really be that having the emotions on selling on early point
since you are really that targeting for long term.Patience is extremely needed specially if you do keep on watching market condition.

On my part i do have 2 portions of investment which one bag is for long term and one is for short term trading on getting some percentage profits.Yes, its really that
that depending on you since we do have different targets when it comes to our investment.

It's nice that you've divided your portfolio for it. Other investors forget that they also need to take some profits and take the opportunity when there is one any moment from now. Yes, we do have different targets and when we want to sell.

And that's why it's needed for someone to look for it because no one will say if it's the right time to buy and sell and only you can determine it.

Yeah, users who had made the buy when the price was down to $20k can now book their profits and wait for the buyback moment. Same time we can't have precise calculation of price to get hold on specific price and drop downwards. For now there are prediction of price touching $30k.

Good is to make their own analysis and look for the right time to record the profit. In recent days there is good move on the altcoins market which seems like we're in transition towards the altcoin season.

Not just analysis but also the preferred price when they're going to sell. That's giving the target and goal that they want to achieve whether they're long term holders or short term folks.

[stomachgrowls]

For now, trading and investing can still be an option because both can provide short, medium and long term benefits. And it depends on how good you are at mastering the analysis that can help you know when you can enter the market.

But if you are afraid to trade and decide only to invest because the movement is still unstable and can decrease the price like it is now, you can buy and hold it for a while. And even though the price may increase again later, even to the $30k mark, it still seems like a good price to buy bitcoins since the last ATH was at $60k. So buying bitcoins at $60k can still be considered an investment price.

When I talk at the moment in this case I really mean at the moment, so it is not about this year or for several months. I expect that bitcoin will go down soon enough for short term traders to buy it cheaper and then sell again costlier (it is not an advise, my predictions are not even close to 100%, so I can be very mistaken). So investing at the moment is still good as if you hold long enough less then 25k for bitcoin is a good price, but short term trading has other senses (and I prefer not to play with it as I'm not experienced enough for that).

short-term trading is more complex, where we have to create a framework to determine the buying area at the formed support. for the long term I think there is no problem considering the highest ATH is $ 64K, considering that the decline has exceeded 50%, and is the golden area between 50-61 on the Fibonacci line. therefore we must understand very well the purpose of our transaction for the short term or long term, for beginners it is better for long term investment, buy and hold it until you make a profit

Short term dealing up with volatility on this unpredictable market is really indeed complex and does really need sufficient experience for you to be able to sustain and survive and this doesnt suit out anyone and it would
really be that hard.Time to buy or sell would be always targeting into those huge corrections or dumps that do happen on the market.For larger movements then swing up trading would  be the best approach
but for those who do make out some scalping but for those who are really going for long term holds then this wont really be that much in concern since they could hold up anytime.
Selling decision would be according into your target point or goal and each one of us does really have different point.

[jokers10]

...
But if the price can't increase this year, next year, or the next few years, it won't be a problem because we still have the opportunity to get those big profits. But holding bitcoins is not easy. Not many people can do it because most people will panic or worry when they see the price increase and eventually decide to sell their bitcoins instead of worrying every day.

It is a known problem based on poor economy education. How many forum users do understand concept of 1BTC=1BTC in any sense? I guess it could be so that a majority thinks that it is a fun meme while this idea in one of senses shows that you haven't lost until you exited into fiat. And it is about investing, you should be prepared to wait long enough and chose assets to invest wisely. So now bitcoin is far from it's ATH and previous peak so it is a good idea for investing. But trading rules are not like that: you need working capital all the time so sometimes you need to close the loss even in a prospective asset to have an opportunity to trade here and now.

[Patrol69]

At this time of the market, it is not possible to say which direction the market will actually go. Because if you observe the four-hour candle, it is understood that if the market is up in the first four hours, the market is down again in the next 4 hours. Candles rise within a certain range. However, I have seen before that the candles rise and suddenly there is a big change in the market. Maybe the market has not gone up much from such a stage, maybe it has gone down a lot.  But if the Bitcoin market changes a bit then it will be seen that other ALT coins in the market will change. So at this time it is not certain whether you will sell your coins or buy new ones.

[Questat]

At this time of the market, it is not possible to say which direction the market will actually go. Because if you observe the four-hour candle, it is understood that if the market is up in the first four hours, the market is down again in the next 4 hours. Candles rise within a certain range. However, I have seen before that the candles rise and suddenly there is a big change in the market. Maybe the market has not gone up much from such a stage, maybe it has gone down a lot.  But if the Bitcoin market changes a bit then it will be seen that other ALT coins in the market will change. So at this time it is not certain whether you will sell your coins or buy new ones.

Yes, it is never found to be consistent all the time and changes may come as always. I used to check the market sentiment and do analysis hourly or daily but there is one thing I've found, the volatility of the market still working and could sometime fail our analysis. Even though we spend a lot of time in the market doing this but still can't pinpoint where we are going by tomorrow or in a couple of days. That is why we should never expect quick returns from investing in crypto. 

[GiftedMAN]

At this time of the market, it is not possible to say which direction the market will actually go. Because if you observe the four-hour candle, it is understood that if the market is up in the first four hours, the market is down again in the next 4 hours. Candles rise within a certain range. However, I have seen before that the candles rise and suddenly there is a big change in the market. Maybe the market has not gone up much from such a stage, maybe it has gone down a lot.  But if the Bitcoin market changes a bit then it will be seen that other ALT coins in the market will change. So at this time it is not certain whether you will sell your coins or buy new ones.

Since we don't know the direction of the market, it is more advisable for us to buy when price goes down giving us opportunity for us to buy below normal price. There are some traders that are very good at analysing the market and knowing the next move the market may want to go. It is good to understand the market because even deciding to trade because this will help us to what the market is up to and the necessity of going into trading. We need to establish interest in buying when the market is down and selling when the market price goes up.

[jokers10]

...
There are some traders that are very good at analysing the market and knowing the next move the market may want to go.
...

And they are still statistically right or mistaken. I never see any trader who can predict market moves even close to 90%, most have prediction accuracy much lower. We all know that some of trade foretellers are jokingly called as counter-indicators as their predictions are more often wrong. If anyone knows market good enough we'll hardly know about that because such person will try to protect his privacy as it only possible.

[Natalim]

...
There are some traders that are very good at analysing the market and knowing the next move the market may want to go.
...

And they are still statistically right or mistaken. I never see any trader who can predict market moves even close to 90%, most have prediction accuracy much lower. We all know that some of trade foretellers are jokingly called as counter-indicators as their predictions are more often wrong. If anyone knows market good enough we'll hardly know about that because such person will try to protect his privacy as it only possible.

They can just predict what might happen next but it was too different when it comes to reality, that really be joking. Because no matter how long we spend on the market, check and monitor the price trend but won't guarantee that we can exactly predict what gonna happen next. Well, that 90% right is certainly wrong but 50% can possibly be right. We have 50/50 chances, whether we are right or wrong.
It is not necessary to know when exactly to buy and to sell, something we need our instinct help to decide.

[Peanutswar]

Better not to become dependent on the signals of other people try to make your own understanding regarding with the knowledge of technical analysis so you can have an idea what are the things you really need to consider when making a trade and not just plotting with the support and resistance having a knowledge may lines you up for the possible profit if you can't still under stand how does the trading works so you can make your self question if this position and trend is good to buy or sell.