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I'm temporarily refraining from reading any Bitcoin analyses. I'll respect my own mystical predictions and patiently wait until Bitcoin drops below 60,000 before making another prediction.
Currently, many people seem to be getting burned, extremely so.
Technical analysis is insignificant compared to market trends.
Whether it's gold or US stocks, data has little to do with them. They rise or fall as they're supposed to. Data is useful before the big players start their manipulation, but if you keep trading in waves, you'll eventually get fleeced.
No one in this world can fight the trend.
What we can do is observe more and act less, waiting for the right opportunity to seize it.
For BTC and gold, when you can't see the trend clearly, dollar-cost averaging is the best approach.
Let's encourage each other.


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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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