Bitcoin Forum

The market never apologizes. It doesn’t care how long I’ve studied, how sure I feel, or how much I need to win. I used to take it personally. Every loss felt like betrayal. Then I realized it’s just movement, not meaning.

Now, I detach from outcomes. The chart is neutral; my reaction isn’t. Winning isn’t about prediction,it’s about emotional neutrality.

The market rewards those who stop arguing with it.Are you reacting to charts or arguing with them?

The market exposes you to you, that is why you often hear that trading is you versus you. This involves you mastering your psychology, not being too reactive and mastering your emotions because that accounts more for success in trading even more than the skill or strategy you have which is also important.

When you become too overconfident in your strategy maybe due to a few successes you have recorded using the strategy, the market will remind you and teach you humility.

As a trader you have to be cautious before you win a trade and even more cautious after you start winning trades.

The market is abstract honestly. You just bet on the possibility that the market favors your position.
However if you just buy bitcoin in spot market your chance of making a big win is really high as the chart show explosive growth since the emergence of bitcoin.

Those saying about chart and price action only applied to low TF high leverage trading since it's usually goes up and down.
Try investment approach and long term trading you will find less difficulty.

The chart is more as the mirror to navigate on trade, traders need to know this and know peace in their mind. If you are trading on spots market you should know that the chart setting is important and to be followed, trade what you see and not just what you expect. Trading is not wishful thinking but actual reality of what is going on in your trade terminal. For example, to expect a buy candle that has been buying to pull back, you need shorter time frame to know this if the retracement is coming or if the buy is continuing, you don't need to jump in to sell just because the buy has been on for long or that you expect it to drop. If you do that, you will be burnt if the bull continues. So you have to follow the chart and be rewarded.

The market doesn't care whether you make a profit or a loss. But if we learn something, we will have a chance to see the opportunity. We will react to charts and adapt to the current situation only if we see that opportunity.

But if our analysis says that we don't have to enter the market, we can let the market run as usual. At other times, we can search for other chances to enter the market. No need to go against the market but follow where the market goes and you will see your chance.

The chart exist as a guidance system to narrow a traders focus, not as an accurate prediction of how the market would turn out eventually. That's why one has to have a sixth sense of the direction they are headed while trading and the amount of profit per trading day that makes it a successful trading day.

Of course heartbreak is assured if any trader relies on just charts because the market is volatile and speculation is a primary effect of such volatility.
Be wise when reading and interpreting charts before or during trading because the emotional side of it is real and anyone not disciplined enough or understand how risk management would save the day, would lose out on both funds and the drive to visit the market once again for serious trading activities.

Do not try to beat the market chart, you will never win from it. It's like you are trying to outsmart a gambling casino, in which you have no chances to gain an edge. Yes, the chart doesn't care, so you don't have to see it as someone like your enemy, but instead learn to navigate it well so you will be rewarded in the end. Trade not because you are having a competition, but trade because you want to challenge yourself more and make you more profitable. Don't argue with the market, but cooperate with it instead.

The price chart on the market is something you can not beat it down. Rather than focusing on the price chart, it is manipulative based on human emotion and psychology, it's better and more helpful for spending time to learn about Psychology of market cycle chart.

This one.
Wall Street cheatsheet: The psychology of market cycles. (https://priceactionninja.com/wall-street-cheat-sheet-the-psychology-of-market-cycles/)
The psychological pitfalls of market cycle. (https://advisor.visualcapitalist.com/psychological-pitfalls-market-cycle/)

Market makers are not only rich with abundant financial budget for investments but they are also very experienced in the market, and mastered the psychology of market cycle and psychological effects on market participants. Therefore they can use it for manipulating the market very well as people mostly fail against psychogical effects especiallly if they joined the market emotionally without knowledge, good preparation and enough risk management.

The charts has never cared about our feelings or if were losing or making profits. It doesn't care if you're losing all your money or taking so much from the market because there's lots of money to be made always. The charts only does what it feels doing and it can either go up or down anytime. It's left for you to be able to understand it and predict accurately which direction it's going. And you being able to predict correctly is what gives you profits and when you fail, you lose.

We have to be the ones to understand the market and not the market doing as we say. No need trying to outsmart the market but play along and follow it until it gives you the money you want to make. There's alot of money to be made from the market if we have to be willing to pass through different experiences first and not give up.

The charts only show the whales’ trades, after they did them. It is just statistics and by all means they don’t tell anything about the future. Technical Analysts try hard to find a meaning in these charts to predict the next big downward or upward trend but for some reason they always happen when they least expect them. In other words they always get caught by surprise. And yet still, they can’t stop drawing them lines on the charts. It is like either they are getting paid to draw lines or they are in a cult called technical analysis. If they are making money, that’s fine but if they are doing it for free, that’s probably a bad habit. The charts don’t care about what we think because whales also don’t care as well. Who knows what these super rich people will do next… Btc and s taking a dump recently and it looks like they want to cash out some of their profits.

The chart is just there to keep past record of the price movement doesn't mean that it will repeat those movements in future. So looking at the chart doesn't mean that it's telling you where bitcoin price is moving to next. It's very difficult to know the future. If you use a chart and run at loss, don't blame the chart but put the blame on yourself for trying to play smart with the market waves. Don't mess with your emotion.

Maybe the title you made is true, OP, but at the end of the day, as traders who work directly on the actual exchange platform, if we truly understand the graph, we are certain
to make a profit from the cryptocurrency we are trading.

Because if we trust the knowledge we have in crypto trading, then for sure there is profit waiting for us in the trading activity we will do whether it's big or small,
we should be thankful for it. Though, trading is really not easy to do and it's also not quick to learn for us to become profitable here in the end.

Charts to me are just data's that narrates the price movements and also keep records of past events. Anyone taking it to be too serious trying to predict it future outcome following the chart records may be at the very high risk because the volatilities is unpredictable and may require a very high knowledges to gain winning advantage but yet, not future outcome could be guaranteed.
Perhaps the best way to win and stay healthy in the market is just to buy and hold with a goal of not selling in the short term or being psychologically sentimental with the short term attributes.
 

This happens to everybody when the chart is not on your favor you usually get angry and pissed off sometimes however when you understand that trading comes with loss and win you won't be complaining always when they chart does not go on your favor, when you always complain and get so angry when the chart does not go to your favor you will keep losing however when the chat does not go on your favor just decide to move on and try more harder you will balance the equation and you start gaining in the trading you do, don't ever feel so bad and angry on any trade you lose as a trader because that is how it always comes you can never be 100% perfect when it concerns trading you may lose sometimes and also win sometimes understand this and have peace of mind.

Why do you have to react to the chart, when you should have seen it as a helpful tool in your market analysis. The chart is not here to make us win nor lose, but its here to prevent us from falling into wrong moves and decisions that could lead to losses in the future. So don't take it too personal. We are still in full control of our plans and actions towards market success, and the best thing to do is to befriend the chart, so the future outcome will favor you, not go against with it and blame whatever the chart has to say.

Really you see you loses as betrayals, well that os so funny,  and if i must ask, how many of those loses were motivated by others asides yourself,  this is the main reason we should always put things under check, accepting pur faults helps us to adjust ourselves better against our next bet, so dont get it twisted it will definitely be worth it if you take your loses as your own personal faults and not blame others.

The charts are there as guidance.

And now if you're sticking your life to the daily candles and charts that you are studying, you might just as well try to find something else.

Because it won't be favorable to how you read the lines and charts because the market is volatile.

I don't need to argue with the chart, you will have hard time winning an argument that's highly volatile.

Emotions are our worst enemy when it comes to trading that's why I always detach my emotions when it comes to trading... but as a human being, it's very hard for that to implement or I should say that there are times where I don't let my emotions get the best of me, but there are some moments where it really gets me and because of that, I lose some money. Just yesterday, my emotions got me again, and I lost around half of my initial capital.

Market doesn't care about our emotions. Heck it didn't care about those people who took their own lives when the market dumped last month. Emotions can betray us that's why we always say to have a strategy, and use it efficiently. Arguing with the charts?  :D :D :D That's the worst thing to do, and I will never, never do it because at the end of the day, I entered a position because of my decisions so it's my fault that it happen, and not the charts.

Detaching our emotions when we are trading is a must, but we are human beings at the end of the day so at some point of our journey, we will become emotional when it comes to our trades.

Being strong mentally and psychologically in your life is different than being strong in the market because you must prepare many things for it. If you have bad start by terrible financial management, took a loan, and leveraged your positions in this volatile market, even you are a very strong man mentally, you will have weak mentality and weak hands in this market. Even you are strong, try to be strong, it does not mean anything as the market and exchanges will liquidate your positions.

To be strong here, make sure you learn about the market, prepare and manage your finance well, avoid leveraged tradings and use weapons in trading like stop loss order, stop limit order to have proper exit or cut loss in order to avoid loss or big loss in this market.

Sure. The market does not care about our emotions but market makers care about it, as they try to manipulate the market, to make the market crowd fearful and panic, then they can buy cheap as preparation for their pump games later.

I respect the market, I respect the dumps and pumps.

About the charts - yeah, this is given. This is how the market works; charts are the only tool to help us analyze the market. So for me, if you are trading and always losing. It's fine, there are still a lot of good opportunities coming. That's why there is a stop loss, so just in case our trade goes on the opposite side, we will not lose more. So, the chart is nothing to blame or argue here at all.