📷Pic Source: Unsplash
Hello friends and Hive community👨⚕️🤚
I am Dr. Research👨⚕️🤚, a friend who intends to use my experiences and knowledge to produce and share useful and valuable content for you, as well as use your content and learn more.
✅For a few days now, I have been checking everywhere and analyzing the stability, correction and next rise or rather the next bullish wave of Bitcoin from ordinary people to investors bigger than ourselves (I will talk about them later).
✅From fundamental analysis that does not have a proper and accurate source to analysis with indicators or simply price action that everyone analyzed differently but in the end the result was an increase.
👀But is it possible? Does this mean that everyone thinks Bitcoin is going to go up? And then the rest of the altcoins?
Let’s take a deeper look:🧐
🎈1. General news (not economic)
Almost all the news I see on the news channel is in a way that encourages everyone to buy without any convincing and real reason. In fact, most of them are nothing more than dreams.
🎈2. Big investors:
Most of them also encourage buying, but the difference between them and us is in their analysis and expression!!!!!
They express the buying argument completely indirectly and in two ways. (If a person is sure of something and believes in what he says, he will express it firmly, not in two ways).
🎈3. High-influence officials in the international community:
Have you noticed whose words and promises cause prices to rise? Do they clearly and concisely state the reason and purpose?
Or are they just daydreaming?🔮
✅Why do the cryptocurrency market and some related markets often rise with the words of officials from countries that are among the largest bank debtors?
✅Why should something that has only increased in value and demand continue to rise like this? Shouldn't there really be another basis other than supply and demand? That is, just the words of the elders are enough? Isn't it strange?
🎈4. Our analyses (general):
But what does our analyses include?
✅A: Indicators:
It’s better not to use them, because they are surprisingly simple and deceptive. How can you do this with something that is both free (some of them are no different from each other) and publicly available, and most importantly, has a fixed pattern (the market is always changing its structure).
Imagine everyone buying on the signal they received from an indicator: well, then everyone is in the same direction, so everyone should profit! So why doesn’t it ever happen?
✅B: The lines we draw:
This is the same as before: everyone sees the tops and bottoms that they connect (in their assumptions and dreams), so that the next time they encounter the lines, I should be ready to trade! But did you notice that every time you think this, the lines break? And you lose?
✅C: Support and Resistance:
Who do you think determines these supports and resistances? Us! By seeing and putting together assumptions! Simple example: We see that a large candle has formed and the previous candle is set as a block order (if conditions are met) and we say that if the price reaches here, it will be support (or vice versa). But what happens? Most of the time, especially when you are planning to trade, when it reaches it, it doesn’t react at all. And you lose.
Or we try to find a resistance and support zone that if the price enters the range, we trade (with conditions that I know and you know).
But think about how many people (thousands and even millions of traders) found the same range? Well, then everyone should make a profit. (The amount of money and liquidity that we, the general public, have does not play even the slightest role in strengthening or weakening the price because it is very insignificant, even compared to institutions and organizations)
✅D: Organizations and institutions:
Everyone talks about buying and increasing the price of Bitcoin, but why don't they fully state their purpose, strategy and exit range from the market?
✅E: Economic news (according to the economic calendar) and political news:
E,a: Economic:
Big traders and banks themselves get confused in trading based on this news, especially economic news, so many people trade based on this news!
This news is especially for the future trend of the economy and may cause fluctuations that are mostly fake (meaning initial fake fluctuations when the news is released).
Note: Even banks make losses every day!!! What happens when price manipulation occurs? (So we want to achieve consistent profits with ... analysis)
E,b: Politics and War:
Have you noticed how much tension there has been in the world in the past few months?
Well, the price of gold (the global currency) has risen because it is a safe asset and it was natural for its price to rise. But what about Bitcoin, which is really only backed by demand?
If there is a war in the world, will anyone even know Bitcoin? Does anyone even care? What will they give you with Bitcoin at that time? So why did it rise!!!!!??
✅Important:
1.Use technical analysis only to capture short-term fluctuations, not to analyze a general and ongoing trend (some conclusions can be drawn but not consistently) like everyone is doing now with Bitcoin.
2.This does not mean that the price of Bitcoin will not go up,it may go up.but we as investors and traders need to be aware of market manipulations and realities and think with a critical perspective.
Conclusion:🧠
📷Pic Source: Pexel
✅It is good that Bitcoin rises and we all benefit, but it is better to deepen our vision, maybe we can do better.
✅Wherever there is a discussion of money, that is, successful and smart people are there, they have a lot of money because they are smart. In fact, if they were not smart, they would not have much money.
✅Behind the financial markets there is very sophisticated information and strategies that are the result of the thinking and insight of smart people.
Sometimes it is better to put aside our prejudices and think more broadly to have a better future.
✅In financial markets, we should not pay attention to simple and obvious things and we should ignore them because money is present in them and the world revolves on it.
🧠As traders, we must consider all aspects.
👀And finally, there is a famous saying that says:
Sell the news you hear, buy the rumor you hear.
👀If you have any questions or think there's something I should know, I'd be happy to hear from you.🤔
👨⚕️🤚
Your friend Dr Research
✅Disclaimer:✅
🆘This content is for informational and educational purposes and should not be used as a basis for decision making.
⛔️ The content you have seen is my personal opinion and thinking and should in no way affect your opinion or type of trading. You must think for yourself and reach a conclusion.
🙂 I tried to write the items mentioned in this content in a completely simple and understandable way so that it is understandable for everyone, both professionals and beginners.
📝 Content: Written in Persian → Google Translate → Edited by me (English)