Short answer: You cant know, like knowing what's 2+2 . Its that simple. No one knows. But you can make a plan, according to your strategy and then, if it starts playing out, enter a position. That is what I do for btcusd and others. This my current view of things. If it happens, I get an entry. If not, then there is no entry. Its that simple. It needs to be updated regularly, and then be followed again.

In all honesty, I think there is no better teacher than Chart-Time. Sit there and Take notes. this goes for btcusd as well as any other asset. at least this is my experience.

The King needs to give us a clear direction right now, btcusd is not the best thing to trade, as the current H4 breaks a lot of structure...

Looks like we need to define TA first, before continuing here To me, TA is looking for a Trend (HH/HL/HH/etc) and combining this with Supprot and resistance. If you say  "Whenever a coin drops to a very low level," I am sure you are trying to somehow identify that level, before BtcUsd or any other coin reaches that level, right? And that is basically TA, isnt it?!

You know why 90%  of retailers loose against the market? Because they do what you did. Blindly investing into something they dont understand at all. Its like I would invest into a company producing horseshoes. I dont know shit about that business, so before investing in it, I should try to find out about the chances and risks of that business.

I would highly advise you to go and learn technical analysis, and also learn about what are the strenghts and weaknesses of BTCUSD vs other coins and how it fundamentals could pump or dump the price. Also you should get an tiwtter account and follow ElonMusk there, as his tweets can turn the markets upside down. And we are only scratching the surface here. But with this knowledge, you could profit quite some...

Dont take the first sentence personal, as I dont mean it personal. But its the sad truth. Ppl see a BTC chart and invest all their savings, blindly. Some of them win, most of them dont. Dont be "most of them". good luck on your journey!

If I was to start all over new, I would start by learning what a trend is, and where to enter a Trend. Classical as: L/H/HL/HH and vice verca. Next would be defining Ranges and how to trade/avoid them. And then, if neccesary, add what ever you feel is missing, besides a solid money management. That goes for BTCUSD

I do prefer the one and only. BTCUSD

The most important thing is a Tradingplan (Setups to trade, as specific as possible) and discipline. Once you got a (backtested and working) Setup and your discipline, trading btcusd then is easy.

Suming it all up, you can loose 1k in one pip of EurUsd or you can loose 1k in one pip of btcusd

You should really take a step back and find out what you want. Given fix rules around your trading, it does not matter what you trade, EurUsd or BtcUsd. You can trade only one currency pair, looking to score 10 pips a day. If you can do that like 80% of the time, you could then raise the risk and reward of these 10 pips to a total of 1k per trade, 10k per trade 100k per trade, it doesent matter. You could also learn how Elliot or Wyckoff traded the markets and have 10 trades a day with a RR of 1:10, loos 7 of them, win 3 of them and still raise your risk per trade after some time.

Its all perspective. And passion. If you come for the money only, you will be gone soon. Hard lesson I learned and paid a lot to learn this.

DONT let other ppl decide over your wealth or not wealth. You should be doing your own DD before you invest in anything. You would not ask random strangers about their opinions on how do your job either, right? You learned your proffession, you know what you do by now. Do the same thing with cryptos. LEARN what its about and once YOU know what and how to invest into, then you can make an educated decision. Its your money, dont risk it by gambling with random BTCUSD trades.

No one here mentions the importance of looking back to learn from mistakes, trading BTCUSD. Not as in "I could have made XX" more in terms of "what did I do, and why did I do so? And how can I improve?"
There is no sense in crying, but its just as stupid to not learn from past mistakes, imho.

I cant fully agree, tbh. For me, It even helps but in other terms. In terms of "If I am sad&angry over a trade that was badly managed or something, that helps me to do better next time. To go ver the chart and see how I could improve. So this helped in understanding BtcUsd better. Because I was sad, that I was in a trade that played out perfectly, but I closed it in DD, for example.

Very good point! Most beginners simply jump in trading btcusd because media tells them there are huge gains possible. Or because some internet douche told them about quick money. The main problem is that many ppl really throw in a big chunk of their savings, right at the beginning, when they dont know nothing about trading, or cryptos. Then they loose, and then "trading is scam". Its like you have never seen water, but   you have seen a pro surfer styling in the waves. And next thing you grab a surfboard and paddle out in the ocean... Guess what happens

One of the main reasons for ppl to lose money trading btcusd is they dont trade, they dont analyse, they just throw a big chunk of money into the markets and expect it to double or tripple. And only after losing a shitload of money, they step back and try to understand what actually happened. Problem is, at that time, they lost a big chunk of their savings, because they did not look at what they are investing in, in the first place.

Its like just betting on a win of a team in a sport you dont know how it works. You would not do that. And even if, you would not put all you money in it, because that would be stupid, right? In trading I have witnessed that many times, unfortunately and ppl dont want to listen...

very good points mentioned here. These go for everything in trading, far beyond btcusd or other cryptos. These go for forex and stocks and bonds and futures and everything. Basically for everything in life.

Using a signal service in Trading is like trying to cheat on a casino. It might work a few times, but most of the times you will be kicked out or end in jail for trying to be rich quick. There are very few good signal providers out there. Most of the signal providers will act this way:

-Buy/sell now @xxx
-SL to xxxx (usually more then 100 pips away)
-TP1: xxx (usually 20 pips away)
-TP2: xxx (usually 20 from TP1)
-TP3: xxx (usually 80 rom TP2)

so in the end, the will tell you they hit TP in more then 90% (not mentioning you would take only a partial there, for the stats) and that they are a very legit. But if you hit SL twice, all your gains will be gone and you are in Drawdown, as you mostly only reach TP1 and then only take a partial to then be stopped out at BE. goes for all the Telegram signal services for btcusd

My personal best strategy is kind of an S&R thing in the Daily for BtcUsd. Right now I am anticipating this kind of thing to happen:

Wisely spoken I think if you want to "only" receive some gains on a yearly basis, you could easily go and invest in one of those indices out there. They are actually really good, as long as the big banks push all their money in them. But if you want to pay your bills from trading... go and learn it. It might be btcusd or eurusd, but in the end, once you know what you are doing, there is a good chance you will pay some bills from this...

I would say: If you are investing (like loooong Term) there is no Stop Loss needed, but you should still observe what happens, once a week or so.
If you are trading, depending on your broker, your account might go into the negative and therefore you absolutely need and SL, imho. Especially with BtcUsd where it can happen in seconds, if you have bad luck...