Assalam walaikum bhaio ageyah mera chart
filal price es traha move ho raha umeed hai hum 50 se 52k tak drop kareh agar assa hota hai me buy karounga or umeed hai hum 75k se 80k tak jayeh umeed hai hum new high dehkengeh
I thought kai Bitcoin ki price covid kai variant ki waja sai down howe thi ? if that is the case then do the charts give proper analysis for the situation to come ??
Jab bhi bitcoin price down hoti hay tu people try to find the reason and this time they make covid as a reason of price dumps. However, mainly yeh whales ka game hota hay sara aur exchanges ka, tu liquidate positions.
Agar itna hi covid ki wajah c bitcoin reached 53900$ on Sunday afternoon tu aur asa kia progress hua covid mein k next 12 hours mein bitcoin was back above 57000$ on monday morning?
Well then that means kai ye charts wagaira kuch nahi as decisions are being made somewhere else. Jab whales sahi samajhtay hain to market neechay aa jati hai aur jab wo uper lai kai jayen to uper chali jati hai, without the charts prediction.. BTW i agree with this logic but it comes with one problem and that is why so many people are teaching the charts and their indicators ?
Ni asa ni hay aur jo log bhi uper comments main kah rahay hein k charts ki importance ni hein, woh gult kah rahay hein. Aur mein nay bhi yeh kaha hay k for every bitcoin pump and dump people find the fundamental news.
Trading charts show the emotional behavior of the people buying and selling the cryptos. Jo barday whales hein they have given us the indicator toys like MA, EMA, RSI, MACD and patterns like H&S, W Pattern, M Pattern , falling wedge, rising wedge etc. Kitna time asa hota hay k woh log apni wealth c asa pattern bunatay hein, retails investors ais ko dekh k trade letay hein aur jab trade ulti chayee jeiy tu we say k pattern fail hogia. This is all pre planned from the whales.
Khud woh log yeh sab kuch use ni kertay bilkay they use only price actions to determine the trades.
Always use plain charts with no indicator and you will succeed in trading.