Quote from: tygeade on Today at 06:00:31 PM

Quote from: okorieemmanuel on June 14, 2022, 09:05:16 AM

This is the simplest question I've gotten in trading.
In trading, understand the indicator. If all your indicator point to the same direction, then you can enter the trade. Please note, you MUST check the news update before using this indicator. A typical list of indicators and their values can be viewed on https://m.investing.com/indices/bitcoin-real-time-technical . All indicators such as MACD, WILLIAMS e.tc are there.

If all of your indicators are showing downside, that usually means that it will go down, but if they all show upside, that doesn't always mean that it will go up. The problem there is that bitcoin market is fragile, when going up, people are afraid that it may start to go down, it goes up 2x? Then people say it is time for it to start going down, when in fact it could do another 3x on top of it. Don't believe me?

Check topics when it went from 10k to 20k in 2020, it then went to 68k at peak but during 20k many said it will start to go down. However, when it is going down, people do not think it will reverse, they think it could go on going down even further, which often does because of it.

Its true that bitcoin market is volatile and that's why I clearly mentioned that you must check the news before using those indicators. If you do, your success rate would increase. Speculation can change the market sometimes but most times, the information is not always true so people don't rely on it.