Technical analysis works only if you’re bullish



GM,

According to CT, charts and TA are valid and likeable only if you’re a perma.

Since I flipped neutral at 98k and bearish at 92k, Bitcoin dropped 18k and tapped the 80k area.

I have an invalidation level above which I’ll flip bullish again if price reclaims it (that’s what experienced traders do), but to the downside, it seems I get laughed at when I ask about that level.

I also noticed I started losing followers since Price dictated to flip bearish on the weekly: lesson in there.
BTC0.12%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)