Hello, I'm new here.
I just started trading bitcoin last month. Playing with some change was easy but when I decided that I'm ready to go big, I began to lose.
I started reading analyst blogs and their guess is always on spot. It is like they can control the market some how.
How can they be so sure? I tried looking back for the same pattern they were talking about but the result afterwards is different. What's really going on here?
It is just speculation. These analysts you are talking about may be able to predict the price but they are not always on the spot. Maybe they have given their subscribers the impression that they area always on the spot because they edited their post or delete the post that they are wrong so that you would always believe them.
Psychological factor has a big effect in trading that's why it is easier to trade when you have a small amount because you don't mind that much whether you have profit or lose but when you started to go big, you are concern that you might lose it that's why there are times you end up with losses because you don't follow your trading plan anymore because you are blinded with emotions.