How can you tell when a coin stops pumping and is about to dump? TA or is it just a gamble?

How can you tell when a coin stops pumping and is about to dump? TA or is it just a gamble?

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If it's going parabolic and daily candles are long green it's time to sell.

you can't. if you don't know the size of the glass you don't know when the water is going to tip over

This is how I feel all the time my coins start pumping. Then I decide not to sell and go to bed and I wake up and it dumped.

>daily candles
I guess this is where I fucked up because I mostly look at 4h candles.

what you are looking for is the saint graal.
it doesnt exist. if someone finds it then he is the wealthiest man on earth

But there are many successful traders. How do they do it?

you can't know for certain but it's basically just the trading volume versus the order book status

so like if daily volume is really high, order book is really active with stacked orders on both sides, then the coin is still going to potentially keep rising, its when the daily volume starts to drop (relative to previous days volume) and the order book starts favoring sells over buys

that all sounds pretty convoluted and there's simpler TA ways to analyze what I'm saying with MACD and RSI but that's the essence of it, That said, nothing is ever for certain. Coin might look like it's going to crash and then certain news comes out or some whale just decides to heavily invest and it turns everything around instantly and it's back to mooning again, or vice versa.

Thanks user. I'm going to save this.

its all about fixing ypurszlf objectives. or manipulating the price to dump enough so other people will also dump therefore you create the tip yourself

So all these successful traders are just part of PnD groups then? I know most of them are, but they all can't be.

>fixing ypurszlf objectives

this is very true. The biggest mistake I made when I first started investing was not setting goals, entry/exit points, targets, I just bought crypto and sat on it hoping for the best, with no real plan of what I wanted. You can't do that with most coins, especially shitcoins, where you buy it and your plan is to just cross your fingers and hope you get rich, its like you have to be proactive, you set a target, "okay i bought this at $1 I'm going to sell 50% at $1.75 after the news comes out next week!" and then stick to that plan.

The only exception, I guess, is if you're just going to lock in BTC (or arguably ETH) and then forget about it for like 5 years and just see what happens, that potentially can work for the big-daddy coins, but for the vast majority of shitcoins its a really bad strategy.

If you look at TRX and XRP pumps ATH pumps, you can see that the wick of the candle is long as fuck and the candle itself is small. Then it's followed by a long red candle and the fear kicks in.

>I just bought crypto and sat on it hoping for the best, with no real plan of what I wanted
This is pretty much where I'm at right now. Learning how to read the markets.

basically if you want to be a good trader you need enough cash to influence the market yourself. otherwise you will get eaten by whales

>TRX and XRP pumps ATH pumps
Thanks I'll study these charts.

Yeah I expected that much. Kinda sucks, but that's how markets go.

take profit on the way up

High volume but the candle has a tight range. Supply is meeting demand.

You mean laddering sells? I agree. I should have been more proactive and done that instead.

Couldn't this be easily manipulated?

Try to collect some experiance. Follow 10-15 coins and their values for month or 2, then you will gain clearer picture where is the bottom and top. Maybe.

Just follow your heart

kek

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that's a hammer right? doesn't this apply to sells reversing into buys and vice versa?

Thanks, I'll start doing some paper trades