Something I notice a lot:
When someone does a technical analysis on a chart, for example, Bitcoin at 67,000 and says "I expect Bitcoin to go here" whether 60k or 55k or even 80k, that's just analysis and it's normal. We all analyze. You need to analyze too.
But the mistake is when you start imposing that analysis on the market and think the market "must" do that.
Let's assume Bitcoin is around 67k and you plan to buy at 62k or 55k or any price in your mind, and the price never reaches it.
Instead of accepting that, most people start to impose their ideas:
They draw new resistances, new trend lines, invent justifications just to justify that 55k or 80k will happen.
That's a wrong approach; if the market is not going there, stop imposing it.
In the market, the only right way to think is: if the market does this - I'll take a trade.
Never convince yourself that what you've drawn or analyzed on the chart must happen. The market is not obliged to do anything you want.
Always go with the market.
When the market doesn't go as planned and new information appears on the chart, use it to adjust your plan.
If your original plan is not working, that simply means you need a new plan based on the latest data.
Always focus on what the market shows you.
Don't try to impose on the market.
You can only impose what is under your control.
If you think you can control the market, then go ahead and impose it.
But if you're not in control of it, honestly, you have to move with it.#BitcoinPrices
When someone does a technical analysis on a chart, for example, Bitcoin at 67,000 and says "I expect Bitcoin to go here" whether 60k or 55k or even 80k, that's just analysis and it's normal. We all analyze. You need to analyze too.
But the mistake is when you start imposing that analysis on the market and think the market "must" do that.
Let's assume Bitcoin is around 67k and you plan to buy at 62k or 55k or any price in your mind, and the price never reaches it.
Instead of accepting that, most people start to impose their ideas:
They draw new resistances, new trend lines, invent justifications just to justify that 55k or 80k will happen.
That's a wrong approach; if the market is not going there, stop imposing it.
In the market, the only right way to think is: if the market does this - I'll take a trade.
Never convince yourself that what you've drawn or analyzed on the chart must happen. The market is not obliged to do anything you want.
Always go with the market.
When the market doesn't go as planned and new information appears on the chart, use it to adjust your plan.
If your original plan is not working, that simply means you need a new plan based on the latest data.
Always focus on what the market shows you.
Don't try to impose on the market.
You can only impose what is under your control.
If you think you can control the market, then go ahead and impose it.
But if you're not in control of it, honestly, you have to move with it.#BitcoinPrices