how do i know if trend reversed in a bear market vs bull market?

Bitcoin doge shiba in last 2 days is one example that i was completely lost on
 

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And also my favorite sht stock Nile(dpw) that i watch every day because theres always shady sht happening

I follow his twittee etc
He pamps every day about mining bitcoin but whwn laid side by side it seems like bitcoin has nothing to do with nile price
 

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tomorton said:
This is an orthodox strategy and there's nothing wrong with it. I can say I almost always use the sensible tactic of entry by way of an order on my side of price.

But you're now describing not a reversal but a break-out from a sideways range. And even most break-outs don't become trends. And with none of them is it possible to predict it will eventually become a trend.

What most new traders are looking for is a dramatic V-shaped reversal from a downtrend into an equally steep uptrend. They've seen it on a hundred websites. It looks great. Its so rare they can achieve profit this way that such illustrations could almost be said to be a scam.
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I call it a reversal of trend. Not all stocks have the same patterns. V-shaped reversals are probably, very rare aside from being harder to trade. Most stocks will either consolidate or have V-type reversal patterns before, it moves higher after a long term downtrend.
 
murray t turtle said:
%%
''Grasshopper'' is a nickname Kung Fu king called his mentor:caution::caution:
Its also a nickname from old testament, the Hebrews named themselves\ when they saw the giants + giant grapes in the land of Canaan[ land of capital + rich farmland]
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I wasn't referencing "Grasshopper"... figured many/most would get that... but rather the Mag Citrate.
 
zwpoo.jpg
zxpoo.jpg

Do you think that either one of these charts illustrate a possible reversal?
Why?

Do you have any other charts that relate to the question you pose at the top of this thread?
How long do you plan to hold this trade?
 
easymon1 said:
View attachment 284240 View attachment 284241
Do you think that either one of these charts illustrate a possible reversal?
Why?

Do you have any other charts that relate to the question you pose at the top of this thread?
How long do you plan to hold this trade?
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This chart for example. I didnt trade it but i was following it.
Its making higher highs and higher lows and looks like it was about to go for another rally but then suddenly broke down and made baby hodlers instead...
 

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mute9003 said:
This chart for example. I didnt trade it but i was following it.
Its making higher highs and higher lows and looks like it was about to go for another rally but then suddenly broke down and made baby hodlers instead...
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That's too bad. Maybe there are some ideas for you to explore in one of those three search returns about reversals. Maybe take a half hour and browse around there. See if something resonates with your way of doing things.
 
mute9003 said:
This chart for example. I didnt trade it but i was following it.
Its making higher highs and higher lows and looks like it was about to go for another rally but then suddenly broke down and made baby hodlers instead...
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You had drawn the micro trend line. Please draw the bigger trend line. The trend on higher timeframe is down. Also please note that the Trend Channel Line overshoot did not take place and hence a retest of previous low has to be generally expected. From this perspective, you traded counter-trend.
 
mute9003 said:
This chart for example. I didnt trade it but i was following it.
Its making higher highs and higher lows and looks like it was about to go for another rally but then suddenly broke down and made baby hodlers instead...
More...
That NILE chart's pretty jumbled up. Can you post it showing just the candles between mid-Feb and mid-April and spread them out with no drawings?
 
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