Hello trading friends! Welcome to this new update on Bitcoin. If you look at this four hour chart, you will see that Bitcoin continues to trend downward. Why? Well, there are thousands of reasons why but that is not the point. You are the smart money and not the "dumb money" or the "FOMO money" (fear of missing out) With so many technical analysis chart flying around it is hard to know what is right, and what is wrong.
Please remember that no two traders on the planet are the same. Right? We all are seeing the same charts but are we really seeing the same "support" or "resistance" areas? The answer quite simply is NO... Not all of us see the same perspective.
Take a look around at all of the "key" areas traders have presented over just the last 24 hours! Were they right? I'll let you decide :) Yes, most can agree on some areas which is why you see many breaks or reversals that occur in the market. Traders making TRADING decisions.
Always remember that traders are the driving force though. So you need to be smart with your trading. No one could have predicted this HUGE down trend bitcoin is in. Some said that it was a "bubble" and that it "popped" but what was their reasoning? Did they have a number in mind? Or was it just a pure guess? Do yourself a favor before you ever decide to trade or not and do your research! Find a strategy and trade it. There are hundreds of trading strategies out there you just need to search for them. What some help? Do a quick google search for a "bitcoin strategy" and you are set! Read 5, 10, even 20 different strategies and technical analysis. Eventually you will breakthrough and before you know it, you are not having to rely on anyone else but yourself :)
As a bonus, I did add my take on Bitcoin at this time. I spotted a few areas of support and resistance and this possible channel that is has been in for quite some time.
Can you guys do something for me?
What if you all shared your take on Bitcoin below and lets see the difference in perspective! I think it be a great lesson for us all and most importantly someone may learn a thing or two from this takeaway.
You guys are amazing!
-Team @ TSG
Please remember that no two traders on the planet are the same. Right? We all are seeing the same charts but are we really seeing the same "support" or "resistance" areas? The answer quite simply is NO... Not all of us see the same perspective.
Take a look around at all of the "key" areas traders have presented over just the last 24 hours! Were they right? I'll let you decide :) Yes, most can agree on some areas which is why you see many breaks or reversals that occur in the market. Traders making TRADING decisions.
Always remember that traders are the driving force though. So you need to be smart with your trading. No one could have predicted this HUGE down trend bitcoin is in. Some said that it was a "bubble" and that it "popped" but what was their reasoning? Did they have a number in mind? Or was it just a pure guess? Do yourself a favor before you ever decide to trade or not and do your research! Find a strategy and trade it. There are hundreds of trading strategies out there you just need to search for them. What some help? Do a quick google search for a "bitcoin strategy" and you are set! Read 5, 10, even 20 different strategies and technical analysis. Eventually you will breakthrough and before you know it, you are not having to rely on anyone else but yourself :)
As a bonus, I did add my take on Bitcoin at this time. I spotted a few areas of support and resistance and this possible channel that is has been in for quite some time.
Can you guys do something for me?
What if you all shared your take on Bitcoin below and lets see the difference in perspective! I think it be a great lesson for us all and most importantly someone may learn a thing or two from this takeaway.
You guys are amazing!
-Team @ TSG
ノート
Oops! Just spotted that I reversed support & Resistance :)
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。