Thanks for the tips!
So basically, is it a bullish or bearish market for btc, or the market as a whole?
It depends on each graph of every cryptocurrencies.
reading a graph is always difficult for me.. i have tried couple of times following this kind of rules (the ones you posted) and failed miserably.
You can actually see a trend going on but deciding the right time to sell/buy is not as easy as it seems.. at least for me.
This can be a good hint but you should take it always with a pinch of salt, bearish and bullish warning can be seen with some expert eyes as you mentioned but in this world, nor in forex, there is no way to be 100% sure of anything, we can just try
As what i have said there is no guarantee that this would be 100% accurate especially now that every cryptocurrencies are fluctuating. But on what i have observe it work when you check the graph on a bigger view( like per year) although there are many many ways that affect the growth of bitcoin aside from this one.
Technical analysis is good, you may analyse fundamental things too but you can't predict the future, sometimes you waste hours analysing and you mistake your prediction.
So trade carefully, maybe with stop loss or stop gain.
Agree, but consider that even if you failed even how hard you try, there is still a postive about it which is the learnings.