Your Daily and weekly advice to trade Bitcoin.

[SquirrelJulietGarden]

I recently followed up with a dude on X and he has been sharing some great contents when it comes to trading analysis of bitcoin. I will share and update this thread with his trading charts so others can benefit of it.

This perfect call was given on the 15th of January and you can follow up on his X over here! https://x.com/KEmmra/status/2011873146765185048?s=20

A trading analysis and call can be perfect but in long term, no traders can do perfect decisions and the fact in market is very painful with most traders have losses, not profit. Even people who make such trading analysis and call don't have long term profit, so if you follow them and believe in their trading calls, you will have high probability of getting trading troubles with losses later.

Trading is not for everyone in the market to get profit easily especially in long term. If you want to have profit in long term, but in a more easy way, let's switch from trading to investment.

If you still don't like investment, and want to continue with trading, let's remember to use stop loss order or stop limit order that reduces risk of big loss.

[GreatArkansas]

These analyses are usually shared for fun and should not be taken as investment advice or considered too seriously. The best use for them is as part of a technical analysis.

You can track that member's past posts and compare them to the price trend to see the accuracy of their predictions.

Apart from the entertainment they share, it can also be useful as a reference for learning and understanding someone's point of view with the methods they use, we can also see the quality of their posts by the accuracy of their speculation, even though the accuracy of predictions is always not good for most people who carry out technical analysis to see movement opportunities.

Pure speculations, I'm active in X too since before, but only for cryptocurrency things.
There are a lot of personalities like this, especially if you are a trader, scrolling sometimes in X is worth a try.

But some of these people may lead you to their private paid channel or promote some random trash project or referral link to their exchanges.

[jcojci]

These analyses are usually shared for fun and should not be taken as investment advice or considered too seriously. The best use for them is as part of a technical analysis.

You can track that member's past posts and compare them to the price trend to see the accuracy of their predictions.

Apart from the entertainment they share, it can also be useful as a reference for learning and understanding someone's point of view with the methods they use, we can also see the quality of their posts by the accuracy of their speculation, even though the accuracy of predictions is always not good for most people who carry out technical analysis to see movement opportunities.

Pure speculations, I'm active in X too since before, but only for cryptocurrency things.
There are a lot of personalities like this, especially if you are a trader, scrolling sometimes in X is worth a try.

But some of these people may lead you to their private paid channel or promote some random trash project or referral link to their exchanges.

If that so, you can leaves them and search for others. But if you curious to their private paid channel, you can ask for the cost. If the cost is not too high, you can join but if it is too high, leave that because that is not worth it.

I prefer to use that as consideration in my analysis and not directly trusting on what their share in social media. We don't know the truth so we don't have to be seriously react.

Just analyze and finds more information so you can analyze deep on the market.

[irhact]

I recently followed up with a dude on X and he has been sharing some great contents when it comes to trading analysis of bitcoin. I will share and update this thread with his trading charts so others can benefit of it.

This perfect call was given on the 15th of January and you can follow up on his X over here! https://x.com/KEmmra/status/2011873146765185048?s=20

I won't advice anyone to follow influencers on Twitter whenever they want to trade, most of these traders are just regular people like you and me they have no knowledge on Bitcoin they use general knowledge to trade to put out their calls and when they get some right they boost the post so that it can get to so many users but for the cause they got wrong they try to hide it all at times delete the post so that others won't see it. You might have followed this user and he got one call correct and then you begin to think he's a professional but I bet you he's not a professional. Most of this influencers have done this to me too in the past and that is why I don't like to follow any Twitter influencer if I want to analyse the market I will have to do it myself and get all the analysis that I need to interpret the market so that if I get it right I learn from it if I get it wrong I learn from it also.

[AbuBhakar]

I won't advice anyone to follow influencers on Twitter whenever they want to trade, most of these traders are just regular people like you and me they have no knowledge on Bitcoin they use general knowledge to trade to put out their calls and when they get some right they boost the post so that it can get to so many users but for the cause they got wrong they try to hide it all at times delete the post so that others won't see it. You might have followed this user and he got one call correct and then you begin to think he's a professional but I bet you he's not a professional. Most of this influencers have done this to me too in the past and that is why I don't like to follow any Twitter influencer if I want to analyse the market I will have to do it myself and get all the analysis that I need to interpret the market so that if I get it right I learn from it if I get it wrong I learn from it also.

That's true, most of them are just trying to be good, they're not really sure what they're doing. I've met someone before who invites people to join groups on social media to trade with them, or they themselves will trade your money. I know from my own experience that that person has also lost a lot in trading, so why do they offer it to others? In short, they're looking for someone to fool on social media since many people are attracted to the possible income they say they'll get, and many are also encouraged to join.

[Franctoshi]

This is recent BTC update he pushed and it's quite interesting it just played out, lmao. In his words as below

$BTC imagine panic selling because of a $87k damp of a Gaussian channel RETEST

Bears got loud.  This week or next week may be their last week  of talking

When it comes to technical analysis, certain patterns always form in a similar way in each specific time period on the timeframe we use for analysis.
From the chart image, I personally can even describe a different pattern from the one you found in X.

And if you remove all those lines and reanalyze the data, from around late November or early December until now, the pattern actually resembles a parallel bear flag. I'm too lazy to draw it and show it here. But if you know the chart pattern I'm referring to, you can visualize it yourself from the daily chart from November to today. And actually, as long as Bitcoin cannot break through 100k in the next attempt and instead corrects and breaks through the current level, Bitcoin has the potential to correct even further. It could go to $80k or more if it does not find strong support that can hold back the downward trend.

From the technical perspective, you don't even need a lot of these indicators I saw in the chart to analyze Bitcoin; it makes the chart not look clean. For me, I simplify and do a top-down analysis using the monthly timeframe. With that, you can spot possible Bitcoin direction by looking into the future, and with the help of only two indicators, the RSI and Fibonacci levels, I'm good.

[tygeade]

most of them are just trying to be good, they're not really sure what they're doing. I've met someone before who invites people to join groups on social media to trade with them, or they themselves will trade your money. I know from my own experience that that person has also lost a lot in trading, so why do they offer it to others? In short, they're looking for someone to fool on social media since many people are attracted to the possible income they say they'll get, and many are also encouraged to join.

Basically the best trader would be using indicators and charts, things that you yourself can learn, so there is no reason to follow someone else. Makes no sense that you trust someone else to do the job you can do but better, why wouldn't you be better than them if you just study what the charts mean and what the indicators are showing?

You are very well capable of doing the same exact thing, so you are capable of doing the thing that the best traders are doing right now. This means, there are so many influencers out there who do not even do this, they just make stuff up and even repeat what they saw somewhere else, and this is why we should be considering that trusting ourselves is a lot better instead.