How to identify when you should be buying & going long & when you should be selling if you want to play the trends effectively, especially if your a passive investor this particularly applies to you.
This is a somewhat simple but very powerful tool to know about how to identify the trend your in, do you know what trend your in currently?
Rule of thumb for passive investors to identify when to buy and go long is by using the 200 & 50 day moving average, I go into detail here exactly why you should learn this.
Using the 200 & 50 day moving average you can identify when you are in a bull market & a bear market also when a trend is about to change & time to take profits off the table or buy to go long.
Rule of thumb when the 50 day moving average crosses above the 200 day moving average, and when the candles are above the 50 day moving average, this is a sign that the trend has changed & is going up this is known as a golden cross & a good time to buy, and when the 50 day moving average crosses below the 200 day moving average that is a sign that the bull market trend is over and is a sign to sell & take profits, also known as a death cross.
There can be times when the 50 day MA can move above then shoot down again such as 2014 on the bitcoin chart, however if you sold again when it crossed back you would have been thankful weeks later.
you can see the golden cross in 2012 that lead to a 2 year bull run, then in 2014 a death cross that lead to a long bear market then In October 2015 bitcoins 50 MA Crossed above the 200 MA golden crossed to signal the start of a long bull run.
And recently in 2018 we had a death cross, that signaled the end of the bull market for now.
These are simple but effective tools to use, if all you did was place your investments by buying when we golden crossed and selling when we death cross, you would be doing pretty well for yourself since the start of bitcoin.
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This is helpful
Bitcoin is totally unpredictable so long and short could be risky... So go for long term investment in Bitcoin.
i will follow you and you will follaw mw and i will upvote u and u will upvote me
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How to identify TREND?
Do the opposite of M-Asses !!
Right now BTC is so much manipulated this TA does not matter.
@cryptoking100k play it like the stock market....watch the historical trends and take advantage of the downswings and upswings. Basic strategy traders have been using for centuries.
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While patterns can be valuable, it isn't encouraged to utilize them as the main factor in any passage choice. Regardless of whether costs contact the lower drift line of an uptrend and getting tied up with bitcoin appears to bode well, dependably search for more affirmation from different pointers (eg: other help and obstruction key levels, volume investigation, value activity designs) that this pattern wouldn't break and losing you cash.
@real-info for the most part you are correct. What needs to be understood is that patterns provide historical relevance on when the swings will occur. Manipulators trigger swings and that is where the patterns come into play...its not always a time-line swing but a pattern swing that needs to be watched and taken advantage.
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usefull information but accodring to me all tell like that last some months about bitcoin/market .but market want some good news and mass adoping .beacuse now is more regulations and rules coming in the market .one time i pass theses steps then real bull come
Hi! Friends
I am Jitendra Gautam
If you want to earn huge money from steemit.
If you not able to write a unique catchy content then I have an offer for you I will write 10 posts for you, in return you have to give 1 steam dollar
and write all the posts in 5 hours. If you want to check my posts then @jkgautam and If you want that I will write posts for you then contact me at allthingyou@gmail.com
Sorry just one question. If you think your client will earn more money from your 10 post then why are you not writing post for your self and earn more money than 1 SBD. Sorry it doesn't make sense to me.
I am busy in trading and writing is my hobby