Quote from: SquallLeonhart on Today at 04:49:41 AM

Quote from: Pokapoka124 on Today at 02:34:00 AM

Knowing how to spot and draw good support and resistance levels is important if you want to be a trader. Relying solely on fundamentals wouldn't do you much good. From the chart, you can see the different price levels bitcoin has hit. Bitcoin has risen significantly although the market is unpredictable, I dare say the bull run is not yet over.

If you go for different technical analysis then each tool/strategy will give slightly different support and resistance levels. This is the simple reason why at each and every price levels some people are buying and some others are selling with their respective expectations. Knowing fundamentals alone will help you if you are an investor; you must need to be an expert in technical analysis if you want to be a profitable trader.

Yeah, bull run is not yet concluded but I wonder how people are trying to predict the sentiment of whales/institutions. Because, there are confirmed sources which explained how we reached in the zones of $60k which may not get disturbed in near future as the trend will persist when other institutions decide to copy.

There is no doubt that we must expert technical analysis in order to become successful traders. Fortunately now it's not too difficult to learn
to analyze the market, because there are so many platforms that provide learning about how to analyze the market properly. So if someone
has not mastered technical analysis, it is possible that the person is lazy to learn. If we look at the price of Bitcoin, which has continued to rise
in recent days, it is like the bullish trend has continued. This is likely triggered by the many institutions buying Bitcoin.