How many of you traders on here are trapped when trading bitcoin on exchange thinking it will fall again? (....)
So you converted your coins in USD thinking bitcoin will fall again. At which price did you convert them in usd ?
Bitcoin will not always fall. You should know the resistance and support for bitcoin and only then convert the coins.
(....)
In your statement, seems like that is easy to do. Converting your coins to USD anytime when we reach support and resistance, there's a lot of supports and resistance in different timeframes and for sure that's difficult to spot. Even professional traders are having hard time where is the supports and resistance.
Although you can make profits by trading within supports and resistance, and you know that is also important in trading, most of the traders should know to identify supports and resistance BUT still, you can't guaranteed.
That's why we still need more things in trading, like the stop-loss, risk reward ratio/risk management etc.