#Bitcoin, "HAVE NO IDEA WHERE IT BREAKSOUT, AND IT IS OKEY"
I have no idea where it will break out, and that's okay.
Studying technical analysis at the CMT Association, I found very valuable chapters about behavioral finance. Did you know that there is a ton of research available to explain to people a lot about their choices and how we, human beings, are different in making them because of the different contexts and the fact that we are all so different? To sum up, being aware of these tricks of the human mind and psychological biases can help you not to overtrade or not to enter when you are 'guessing' but not aware of this fact, yet.
Bitcoin, for me personally, is in consolidation with equal potential to go in any direction. And I am aware of confirmation bias, so I let it make any decision without my real actions. I am allowing myself not to know, to be out of the market and just watch, a.k.a. quit guessing and looking for any confirmation of any bullish or bearish bias.
The opposite behavior is to draw an ABC number of lines, add XYZ indicators, and be stubborn. Learned the hard way.
Studying technical analysis at the CMT Association, I found very valuable chapters about behavioral finance. Did you know that there is a ton of research available to explain to people a lot about their choices and how we, human beings, are different in making them because of the different contexts and the fact that we are all so different? To sum up, being aware of these tricks of the human mind and psychological biases can help you not to overtrade or not to enter when you are 'guessing' but not aware of this fact, yet.
Bitcoin, for me personally, is in consolidation with equal potential to go in any direction. And I am aware of confirmation bias, so I let it make any decision without my real actions. I am allowing myself not to know, to be out of the market and just watch, a.k.a. quit guessing and looking for any confirmation of any bullish or bearish bias.
The opposite behavior is to draw an ABC number of lines, add XYZ indicators, and be stubborn. Learned the hard way.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.