How would it feel driving a car with a dashboard providing an indication of the speed and other car panel indicators? Investing without technical indicator is flying blind not knowing when you might hit a speed bump.
Last 4 months have caught lots of people by surprise in the crypto markets. While pundits and so called gurus, were calling for 200K BTC prices and 20KETH prices with a parabolic move incoming similar to the 2017 bull market cycle, what turned out was a completely different story.
The cryptocurrency markets have taken a complete reversal led by stories of potential Fed rates rising and tightening of monetary policy impacting the markets on one side and the Russia-Ukraine special military operation/war impacting on the other.
“TECHNICAL CHARTS CAN PROVIDE A GOOD SENSE OF WHERE THE MARKET IS HEADING.
I decided to write this and other related article within the context of the last four months. Lots of people were caught off guard with
people seeing all their profits evaporate when the markets reversed quickly
lots of people didn’t have a plan of taking profits/selling
people didn’t realise that the market had turned with the market direction being negative
Most people who were caught off guard had no clear sense of where they were driving and the fact that the direction had changed. Without an array of tools and indicators, you are flying blind. I had three suggestions for all my readers: a. Make charts your friend, b. always do your homework and c. learn from your mistakes.
BTCUSD chart pattern gives a clear indication of trend reversal. The trend that had started around the 22nd of June 2021 at around 30K mark for BTCUSD price, had flipped negative around end November 2021. The market changed direction at the top. Technical Analysis gives you get a good sense of what the markets are doing while you can use the fundamentals for the long term picture.
If you have any ideas/thoughts, please reach out to use at invest@thetwigg.com
Last 4 months have caught lots of people by surprise in the crypto markets. While pundits and so called gurus, were calling for 200K BTC prices and 20KETH prices with a parabolic move incoming similar to the 2017 bull market cycle, what turned out was a completely different story.
The cryptocurrency markets have taken a complete reversal led by stories of potential Fed rates rising and tightening of monetary policy impacting the markets on one side and the Russia-Ukraine special military operation/war impacting on the other.
“TECHNICAL CHARTS CAN PROVIDE A GOOD SENSE OF WHERE THE MARKET IS HEADING.
I decided to write this and other related article within the context of the last four months. Lots of people were caught off guard with
people seeing all their profits evaporate when the markets reversed quickly
lots of people didn’t have a plan of taking profits/selling
people didn’t realise that the market had turned with the market direction being negative
Most people who were caught off guard had no clear sense of where they were driving and the fact that the direction had changed. Without an array of tools and indicators, you are flying blind. I had three suggestions for all my readers: a. Make charts your friend, b. always do your homework and c. learn from your mistakes.
BTCUSD chart pattern gives a clear indication of trend reversal. The trend that had started around the 22nd of June 2021 at around 30K mark for BTCUSD price, had flipped negative around end November 2021. The market changed direction at the top. Technical Analysis gives you get a good sense of what the markets are doing while you can use the fundamentals for the long term picture.
If you have any ideas/thoughts, please reach out to use at invest@thetwigg.com