Re: I am not lucky in trading - what am I doing wrong?

Quote from: drlukacs on December 10, 2019, 08:30:49 AM

Quote from: Panslav on November 27, 2019, 05:19:15 PM

Hello all,

need advise, if any exist

I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this.
I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me.

Am I doing something completly wrong? Or it is not possible to predict the movement of btc?

thanks
P.

Using indicators, you are wrong, indicators are only able to predict the trend with 60% accuracy and it usually happens when the candle has been completed. So to accurately predict the price of Bitcoin, we need to combine a few price action methods and some important resistance and support. Then, you will know what you have to do to not be too loss and maximize profits. All have information on google, your job is to search only.

There is really no certain percentage of accuracy given by the indicators. Indicator is a just a guide for us to identify the moving average of the market, knowing that orders seem to be overhelemed or insufficient comparing to its average can help us to determine if the market will go uptred or not.