Quote from: metenjean on February 09, 2018, 11:56:57 AM

Quote from: AlexZHankok on February 08, 2018, 11:54:45 AM

Quote from: metenjean on February 06, 2018, 07:57:11 AM

Quote from: AlexZHankok on February 05, 2018, 11:02:46 AM

-Do not buy when the market is already overbought. Wait for a rollback.
-Do not sell when everyone sells.
Here is the main message of this article. Patience is always rewarded.
No one can determine the exact point of sale or purchase. Only analysis and your assumptions.
There are plenty of information on the ICO scams on the forum.
But if necessary, I can write my own set of rules, how to analyze ICO

I dont think you got what i mean in the last post, i do agreed with your opinion about not buying ICOs when it reached a peak price and how to analyze it will be based on individual perceptions, but the one i was asking is what you said not to buy when market is already overbought and not to sell when everyone sells, how do you determine whether the market is already overbought or oversold?? BTC already had downfall since it reached $18k, and i sold all my bitcoin when it reached below $10k, and i regretted it more if i dont sold it at that time. Patience is rewarded but ignorance isnt the same as patience, perhaps trading strategies is more than rewarded in this time Grin

Maybe I did not translate your comment correctly. Sorry Cry

How do I determine the top of the market or the bottom of the market?
Deep corrections I determine from the historical graphs-the market is cyclical. Every year in January-February and July-August, he undergoes a strong correction.
Minor corrections (short positions)
1. I use the support / resistance levels of the trend line.
2. Patterns (flags, double bottom / double ceiling, head and shoulders, wedge, pendant)
3. RSI-look at the overbought / oversold zones
4. The news fund
5. The most important thing is that this analysis should be done at least two timeframes. For example 1 hour and 4 hours.

Thank you for this information, this is what i would love to hear because you really describe a strategies about how to identify a good support resistance and how to identify if the market has already reached the oversold or overebought area. I do tend to look for higher timeframe to define market trend and use lower timeframes to identify entry points and this is a great educational post that we need to look at least between 2 or more timeframe before considering an entry point Grin

You are welcome. It's always nice to receive positive feedback. Wink