Don't talk to me about support points, resistance points, or technical analysis 📉

Many times, when my analysis and strategy fail to predict the market movement, I stop for a moment and think about a basic truth: Don’t talk to me about support points, resistance points, or technical analysis. It seems that all the traditional tools that traders rely on to understand market movement become worthless at times. If technical analysis indicates an uptrend but the market chooses to move in a completely different direction, all these tools become just numbers on paper. 📊

The reason for this is that the market is not just mathematical equations or easily predictable charts. In the world of cryptocurrencies, where everything changes quickly and unpredictably, there may be other factors that go beyond technical analysis, such as media statements or sudden changes in economic or political conditions. Simply put, the market movement may go against all expectations that may have been built on the basis of support and resistance points.

Nobody knows where cryptocurrencies are going... Nobody knows where $BTC is headed? 💰

No one knows where cryptocurrencies are going. Yes, this is perhaps the most accurate statement to describe the state of the market. We live in a changing world, where cryptocurrencies are governed by many factors that cannot be accurately predicted. When we look at Bitcoin (BTC), for example, we find ourselves faced with big questions: Will the market continue to fall or will it start to rise? 🔼

Will the market continue to fall or will it rise? The answer to this question is often a matter of speculation. As we know, the market can suddenly fall without warning or experience an unexpected rise. The forces that affect the market are multiple and complex, and sometimes beyond the control of even the most experienced traders and analysts.

I don't know... and no one knows.

The reality is that anyone who claims to know for sure where the market is going is either overly optimistic or ignoring the fact that this market is experiencing unprecedented volatility. No one can predict the movement of cryptocurrencies in the short term, and the future will remain uncertain, no matter how accurate our analyses are. 🤔

What do we do in the face of this ambiguity?

Humility before the market

Conclusion

Ultimately, no one knows where the market is headed, and that fact can be both scary and exciting. Instead of getting caught up in predictions and analysis, we need to accept uncertainty as part of the game and focus on building a personal strategy that is wise and balanced. Cryptocurrencies are just a small part of a larger investment universe, and we still have a lot to learn and discover. 🌍