Quote from: ven7net on Today at 11:35:46 AM

I do not use indicators in cryptocurrency trading, however, I believe that the fall in the price of BTC was due to at least two factors. The first factor is the opportunity for large players to get BTC at a low price from people with weak hands, from those who could not stand the fall and sold their BTC. The second factor suggests that in order for the BTC price to reach its maximum value this year, it is necessary to periodically lower, thereby creating a sideways movement. This is necessary in order to drag out the time until the end of the year, where the main phase of growth is likely to be. In simple words, it is too early for the BTC price to go up strongly, which means there should be another correction.

I do not use indicators neither because those are only viable on calm days, sure if there is no huge movement then the indicators could be worth something but no indicator could predict Elon Musk tweeting and dropping the price or increasing the price, so I find it useless to check on indicators.

I know some people see that as ignorance and I had a friend who mocked "what if a meteor falls to earth!!!" like tweet is not something we should consider when trading, but as we have seen for the past 6 months I was right about tweets shaping the prices. However one more thing is at play here, the reality is that we are doing fine even with those bad tweets, and those large players you talked about are still very much interested in bitcoin, they are really doing something special with that much money going into bitcoin, it is slowing down a lot but they are still there.