Post
Topic
Board Speculation
Re: BTC technicals are against ATH. Liquidate
by
cryptoadviser
on 05/12/2020, 07:14:02 UTC
Do not believe everything TA says, we are in a world where TA means nothing right now and everything is purely human at this point. Humans makes mistakes all the time, not even just about bitcoin, they make mistakes about basically everything. Which means even if TA show that it should be going down, even if people should sell, even if everything basically says get out, people will not do it because there is a hype going around bitcoin and they want to be a part of this hype, which is why they will not let it go.

This is going to be a bit tough because we can't continue to go up forever, hence at some point people will stop, however when they stop it will not be about TA since almost all of us do not look at that to make a decision.
And hence the probabilities.
TA works because people see it. People see it so it works. Its a self-fulfilling prophecy.
Work on probabilities and you will never lose money on trading.