Is chart a trap? interesting point of view. One of my favorites writers on this platform.
LIVESalid
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Bullish
What is the feature of $BTC? 150k or 50k?
In crypto space sometimes we cannot predict the future. We cannot clearly say either a crypto will go up or down. We are currently at this situation.
I know you will see some people will show a chart and say this is a bullish signal. You will find another person showing exact same chart and saying itâs a bearish signal.
Whom you believe?
The first point I want to make is, you cannot predict the far future by seeing the chart. In fact chart is a trap, that leads you to think you know everything.
Chart is a trapâŠ!
In fact, anything that stops you from thinking or leads you to take decisions so quickly, is a trap.
The best way to trade is using old school method. Remember, how your dad used to trade? You may find him calling the broker and saying buy 100 shares of Apple.
Ever heard him asking what was the price of Apple Stock yesterday, last week and last month? Probably not. But you must have seen before investing on something you dad read minimum 100 news articles on it.
He always checked what innovation gonna happen with Apple. Then he checked if similar innovation happened in past and what was the impact. He maybe also went through the competitors. He also doubled checked if big players invested on this stock or not. Then maybe he invested money in 5-10 companies.
And you⊠his son⊠taking investment decisions within few minutes⊠looking at some random lineâŠthat is not even realistic in most of the casesâŠ!
If you noticed, recently Iâm only posting about our own crypto project and the AirDrop Iâm going to host for you guys, or you seen me posting about genocide in Palestine, or you seen me posting about geopolitics and its impact on crypto market.
But all the other creators are posting about bitcoin, shitcoins, coolcoins, hotcoins etc. This is because in the backend, Iâm still doing my analysis. I know Bitcoin will pass 100k, but I am trying to be sure about when, why and how. Because I want to deliver some real information rather than gushing and believing the analysis done by others.
In crypto space sometimes we cannot predict the future. We cannot clearly say either a crypto will go up or down. We are currently at this situation.
I know you will see some people will show a chart and say this is a bullish signal. You will find another person showing exact same chart and saying itâs a bearish signal.
Whom you believe?
The first point I want to make is, you cannot predict the far future by seeing the chart. In fact chart is a trap, that leads you to think you know everything.
Chart is a trapâŠ!
In fact, anything that stops you from thinking or leads you to take decisions so quickly, is a trap.
The best way to trade is using old school method. Remember, how your dad used to trade? You may find him calling the broker and saying buy 100 shares of Apple.
Ever heard him asking what was the price of Apple Stock yesterday, last week and last month? Probably not. But you must have seen before investing on something you dad read minimum 100 news articles on it.
He always checked what innovation gonna happen with Apple. Then he checked if similar innovation happened in past and what was the impact. He maybe also went through the competitors. He also doubled checked if big players invested on this stock or not. Then maybe he invested money in 5-10 companies.
And you⊠his son⊠taking investment decisions within few minutes⊠looking at some random lineâŠthat is not even realistic in most of the casesâŠ!
If you noticed, recently Iâm only posting about our own crypto project and the AirDrop Iâm going to host for you guys, or you seen me posting about genocide in Palestine, or you seen me posting about geopolitics and its impact on crypto market.
But all the other creators are posting about bitcoin, shitcoins, coolcoins, hotcoins etc. This is because in the backend, Iâm still doing my analysis. I know Bitcoin will pass 100k, but I am trying to be sure about when, why and how. Because I want to deliver some real information rather than gushing and believing the analysis done by others.
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