Post
Topic
Board Speculation
Re: BTC technicals are against ATH. Liquidate
by
daarul50
on 05/12/2020, 08:12:51 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.
Better to trust on data + numbers provided by the TA rather than trust the media that clearly has certain agenda.
That is the principle that currently i am holding on.
day by day i see it is getting clear that the whales and some institutions that holding large amount of bitcoin trying to build a fake momentum for people who know nothing about bitcoin to jump in while they liquidating piece by piece.
The long journey for bitcoin to reach 100000 usd must be halted now , wont be easy journey .