Post
Topic
Board Trading Discussion
Re: Crypto trading
by
Lida93
on 27/06/2025, 09:46:47 UTC
....
Do you mean support? Because when we talk about support, it relate to the lowest point the price of Bitcoin can reach at a certain period of time. I think Bitcoin has different supports based on individual traders. You own support could be 100k while another trader's support could be 95k. This is why every trader has their own analysis which can contradict with another trader's analysis.
Hope to see the price of Bitcoin create more green candles.
Yes, it is very natural that everyone may have their own different strategies with which they conduct market research. But the market can react in any way at any time, the market will always move in unexpected ways, but you must have faith in the market in the long term, do not worry too much about short-term market research and keep the mentality of holding consistently in the long term. We are never skeptical about the potential of Bitcoin, Bitcoin can definitely react very well in the future, whatever the short-term price, Bitcoin is only successful in the long term.
Oh yes, the market can react anyhow at any point before having to move in the direction the trader may have predicted it to take, and that's why we have to rather have trust in our strategy not the market after all homework must have been done. If I trust my strategy I won't bother about what the market is doing contrary. In a matter of time it should have to take my predicted direction. And this for sure  works mainly for long-term.