There are many people who rely on this type of analysis. If the analysis works, everyone will say: Look, I told you so. Even if it doesn't happen, it's very normal(!)
Market is based on a psychology and we are all a part of it. Everyone shows up when everything is good, and disappears when things go bad. What matters is our research and investments.
I hope any analysis works and the market rises. Because why would we want the opposite?
We often try to vilify our analyst based on the outcome of what we do, relying entirely on an analysis and not adding our own interpretation, but everyone has an opinion, reasonable to some and illogical to others.
If we do a little more research and do what makes sense to us, instead of investing entirely based on these, we will not be sad even when we lose because we will lose on our own thought.
I don't know if the golden cross will affect the market positively or negatively, but because you have informed us, when that day comes we will not panic and we will understand the event.
I think it's usually going to be positive. So in fact, these two lines are not just an image that cuts each other. Each average. Analysis of human psychology, actually. But in the crypto market, it's not even obvious after 2 minutes.
Some people give value to these analytic tools more than enough, they might have give a little clue what will happen, however undoubtedly they don't have huge impact on the market. You will see people saying x tool worked when y stuff happened, but it is impossible to have consistent impact on the market, if it happened there is no guarentee it will happen again.
What we believe should be the ecosystem and its surroundings at first, after that we can play around stuff like golden cross and death cross. For me it doesn't matter too, blockchain is full of opportunities and that is all that matters.
Golden cross. It was the first thing I learned when I entered the crypto market. It worked very well in the bull market.
But no indicator works flawlessly. You should always do a Risk assessment.
But it's a complicated time right now. The weather is foggy. It doesn't look two steps ahead. It can be a cliff or a paradise. This two-step you will learn how to.
We should always do our own risk analysis, otherwise we should be prepared to lose most of the time. Blindly diving into something we don't even think about will have bad consequences for us.
I am not a short term trader. That's why I'm not very familiar with charts. I invest in the project I trust, and I really do it as an investment. Long-term. I especially like DeFi projects that generate staking income. So I don't really care when they rise or what will happen when they fall. The money invested is forgotten when invested there. That's the rule :P So I don't know if golden cross will work or what will happen. We'll wait and see.
Money can be forgotten in very deep-rooted and robust projects like Bitcoin and Etherum. But I also think that De Fi projects do not fall into this part. Of course, the biggest project of a network continues for a long time. For example, Pancake swap on the BSC network. The greatest and the best. But it's usually an external ponzi system. It's hard to find a neat and quality one. When a network is damaged or BTC falls, they are usually very damaged. My goal is not to make money, but not to lose money. Because of this, I care about graphics. Not everything, but I think it's important.
Before, I thought graphic analysis was absurd. But they really work.
Of course, they are not very absurd trends. Ichimoku Cloud. Support and resistance are. In fact, technical and fundamental analysis of support and resistance. During support, the price comes cheap. Resistance is actually expensive.
According to him, it is bought and sold. So when you take something, it's as important as what it does. I think most people who are new to this business will also think that just basic analysis is enough. I think it is ridiculous. Even basic analysis can't get most of them right.
Why 12 when you have to get from both 10. Of course, if you trust your project, you don't look at its price. But they also become major coins. In these, technical analysis will be good.
I'm sure there will be people who oppose me.
But my only advice is that they have more control over technical analysis and comment.
Bullishness does not mean price will go up bc of golden cross, any price above $29,000 and I remain bullish, but we could certainly go down that low even with the strength I mention in the article.
There are many people who rely on this type of analysis. If the analysis works, everyone will say: Look, I told you so. Even if it doesn't happen, it's very normal(!)
Market is based on a psychology and we are all a part of it. Everyone shows up when everything is good, and disappears when things go bad. What matters is our research and investments.
I hope any analysis works and the market rises. Because why would we want the opposite?
We often try to vilify our analyst based on the outcome of what we do, relying entirely on an analysis and not adding our own interpretation, but everyone has an opinion, reasonable to some and illogical to others.
If we do a little more research and do what makes sense to us, instead of investing entirely based on these, we will not be sad even when we lose because we will lose on our own thought.
I don't know if the golden cross will affect the market positively or negatively, but because you have informed us, when that day comes we will not panic and we will understand the event.
thank you for informing us
I think it's usually going to be positive. So in fact, these two lines are not just an image that cuts each other. Each average. Analysis of human psychology, actually. But in the crypto market, it's not even obvious after 2 minutes.
Some people give value to these analytic tools more than enough, they might have give a little clue what will happen, however undoubtedly they don't have huge impact on the market. You will see people saying x tool worked when y stuff happened, but it is impossible to have consistent impact on the market, if it happened there is no guarentee it will happen again.
What we believe should be the ecosystem and its surroundings at first, after that we can play around stuff like golden cross and death cross. For me it doesn't matter too, blockchain is full of opportunities and that is all that matters.
Useful analyzes and comments, I need to review the strategies I will make in line with this information.
Golden cross. It was the first thing I learned when I entered the crypto market. It worked very well in the bull market.
But no indicator works flawlessly. You should always do a Risk assessment.
But it's a complicated time right now. The weather is foggy. It doesn't look two steps ahead. It can be a cliff or a paradise. This two-step you will learn how to.
Thanks for the good article.
We should always do our own risk analysis, otherwise we should be prepared to lose most of the time. Blindly diving into something we don't even think about will have bad consequences for us.
It's like fighting the swamp. We're sinking to get rid of it. It's important to stay calm.
I am not a short term trader. That's why I'm not very familiar with charts. I invest in the project I trust, and I really do it as an investment. Long-term. I especially like DeFi projects that generate staking income. So I don't really care when they rise or what will happen when they fall. The money invested is forgotten when invested there. That's the rule :P So I don't know if golden cross will work or what will happen. We'll wait and see.
Staking is the most reliable method. Especially for those new to this stuff
Staking is the best, makes you money while you sleep
You're right, but it's important to pay attention.
So true, sometimes almost feels you need more attention.
Money can be forgotten in very deep-rooted and robust projects like Bitcoin and Etherum. But I also think that De Fi projects do not fall into this part. Of course, the biggest project of a network continues for a long time. For example, Pancake swap on the BSC network. The greatest and the best. But it's usually an external ponzi system. It's hard to find a neat and quality one. When a network is damaged or BTC falls, they are usually very damaged. My goal is not to make money, but not to lose money. Because of this, I care about graphics. Not everything, but I think it's important.
Before, I thought graphic analysis was absurd. But they really work.
Of course, they are not very absurd trends. Ichimoku Cloud. Support and resistance are. In fact, technical and fundamental analysis of support and resistance. During support, the price comes cheap. Resistance is actually expensive.
According to him, it is bought and sold. So when you take something, it's as important as what it does. I think most people who are new to this business will also think that just basic analysis is enough. I think it is ridiculous. Even basic analysis can't get most of them right.
Why 12 when you have to get from both 10. Of course, if you trust your project, you don't look at its price. But they also become major coins. In these, technical analysis will be good.
I'm sure there will be people who oppose me.
But my only advice is that they have more control over technical analysis and comment.
Especially for those who use futures.
Thanks.
Definitely a valuable analysis
I am not convinced that drawing a few lines on the computer screen is a working system for cryptocurrencies.
I think that the vast majority of cryptocurrency investors do not invest with technical analysis.
the golden cross still means something to pros.
The fact of the matter is that as it is always said, buy and hold bitcoin, you will definitely win.
TA looks at what the market does and identifies patterns that usually repeat. It's not an exact science but it helps make investing decisions.
When in doubt, just HODL
Sound strategy.
ngl tho, a golden cross is swaggy af. cheers for the article and love the bullishness
Bullishness does not mean price will go up bc of golden cross, any price above $29,000 and I remain bullish, but we could certainly go down that low even with the strength I mention in the article.
oh yeah, thats not what i meant to say
HODL!!!!
Excellent details to put the myth into perspective. I was shocked to see this so very good reminder to always check facts.