Is it true that bitcoin follows traders technical setups than other pairs

[De Gramor]

I have been curious to ask this question, I heard but not really sure  it true that bitcoin respects traders strategy and analysis most.
 
My first week in trading I notice that Trading bitcoin brings much profits to me than other pairs, because it frequently respects my strategy and analysis and as we all know most familiar strategies like resistance and support level, order block, change of character (CHOCH) , break of structure (BOS) imbalance and balance, trend lines strategy and others.
Bitcoin does respects my strategy and hit my take profits (TP) compared to other pairs but I not sure maybe it just me that do experience this.
    I do trade other pairs but they do not respect my analysis and strategy just as bitcoin does even with economical news I still manage to make profits. so am I the only one witnessing this or many other too.
And is it true that bitcoin is consistent with traders technical setups.

[Hatchy]

Don't get carried away in the excitement stage of trading. Every pair follows a strategy. It all depends on the one you wish to master over time. If you see that bitcoin works well with your strategy and setup, then why bother thinking about trading other assets? For you to remain profitable you should remember that the less is more. The less pairs you open to trade, the lesser your chances of losing and the more chances of winning that's because you put your focus on a single pair and understand it to the fullest.

Though the negative side of trading one pair is that sometimes you might have to wait for a long time before your sight your setups on charts. But it's worth the wait. Few wins is better than many losses.

[Donk1]

Op That's really good, it shows how well you are adapting to the use of your strategy. Well for me  I believe you are doing a great job to analyse the bitcoin market very well but don't for get that your analysis can never be perfect all ways prioritise risk management. basically am sure that other traders fill the same because bitcoin isn't like other asset and you aren't   like other traders normally they might be a slight change in their own strategy that yours doesn't have that being said i will suggest you just work more on your consistency and don't  forget get to adapt to new changes in your  strategy because it really good knowing that the market can change at anytime and that strategy that you might be using now might not work the same way it use to. that just it.
Check out this like to know more about it technical analysis
https://trakx.io/resources/insights/technical-analysis-in-crypto-guide/

[I_Anime]

I have been curious to ask this question, I heard but not really sure  it true that bitcoin respects traders strategy and analysis most.
 
My first week in trading I notice that Trading bitcoin brings much profits to me than other pairs, because it frequently respects my strategy and analysis and as we all know most familiar strategies like resistance and support level, order block, change of character (CHOCH) , break of structure (BOS) imbalance and balance, trend lines strategy and others.
Bitcoin does respects my strategy and hit my take profits (TP) compared to other pairs but I not sure maybe it just me that do experience this.
    I do trade other pairs but they do not respect my analysis and strategy just as bitcoin does even with economical news I still manage to make profits. so am I the only one witnessing this or many other too.
And is it true that bitcoin is consistent with traders technical setups.

Depends on the strategy you are using . I have also took noticed that bitcoin usually respect Smc compared to others pair . Let me just give some tip trading is all about winning no matter what despite losses is inevitable. You can loss $10 for instance but make sure you are still in profit in your trading streak .

Now you should focus on pairs that flow with your strategy only you don’t have to trade all the pairs to be a profitable or successful trader . If is bitcoin that usually work for you then focus on it alone and try improving your skill also and same time applying a proper risk management. Because strategy alone won’t make you successful you still have to follow some certain principles .

[Mia Chloe]

I do trade other pairs but they do not respect my analysis and strategy just as bitcoin does even with economical news I still manage to make profits. so am I the only one witnessing this or many other too.
And is it true that bitcoin is consistent with traders technical setups.

Depends on the particular strategy you have and make use of some strategies work in line with the fundamentals (which is where the highest level of volatility comes from). Fundamental effects are more stronger on the market than technicals and some other traders will argue bitcoin only respects fundamentals because of volatility.
This is why what is most important is a traders perspective in the market. As long as you are able to execute that perspective in your favour is what really validates your setup.

[CryptoHeadlineNews]

I do trade other pairs but they do not respect my analysis and strategy just as bitcoin does even with economical news I still manage to make profits. so am I the only one witnessing this or many other too.
And is it true that bitcoin is consistent with traders technical setups.

Wait!! Did I just hear you say Bitcoin respect my strategy? Or Did you actually meant you were lucky to correctly predict the price movement of Bitcoin while using economic news strategy? Because thou on the contrary, I'm pretty sure there are some good traders who can conveniently predict the price movement of a trading pairs and have 80% success rate, just like Bitcoin, Gold and e.t.c. After making reference to it's previous performances, demand and supply ratio. But however, using the phrase "Bitcoin respect my strategy" kind of make it look arkward, as if your predictions are always the 100% correct on all Bitcoin predictions.

[De Gramor]

I do trade other pairs but they do not respect my analysis and strategy just as bitcoin does even with economical news I still manage to make profits. so am I the only one witnessing this or many other too.
And is it true that bitcoin is consistent with traders technical setups.

Wait!! Did I just hear you say Bitcoin respect my strategy? Or Did you actually meant you were lucky to correctly predict the price movement of Bitcoin while using economic news strategy? Because thou on the contrary, I'm pretty sure there are some good traders who can conveniently predict the price movement of a trading pairs and have 80% success rate, just like Bitcoin, Gold and e.t.c. After making reference to it's previous performances, demand and supply ratio. But however, using the phrase "Bitcoin respect my strategy" kind of make it look arkward, as if your predictions are always the 100% correct on all Bitcoin predictions.

I did say bitcoin respect my strategy most times, at times it quite goes sideways with my strategy but most time I did make profits even if it does not hit take profits most time but almost half way. I trade and make analysis mostly on bitcoin, gold, GBPUSD and other pairs but Bitcoin always make more profits.

I am not saying my strategy are 100% but it always goes well with my analysis. But since you said I’m just being lucky then I would not make an opposition but many traders do also can testify.

[Ambatman]

Depends on the particular strategy you have and make use of some strategies work in line with the fundamentals (which is where the highest level of volatility comes from). Fundamental effects are more stronger on the market than technicals and some other traders will argue bitcoin only respects fundamentals because of volatility.
This is why what is most important is a traders perspective in the market. As long as you are able to execute that perspective in your favour is what really validates your setup.

This follows what I planned on responding to the thread with
Until some other things IRL escaped me.

Adding to what Chloe stated, Technical analysis is nothing where fundamentals are
But the secret is technical tell a story
It shows you how investors are reacting that's why sometimes when a change is coming
It is usually reflected on the chart.

P.S Coudnt resist the urge in turning the merit to a number with zeroes.

Bitcoin does respects my strategy and hit my take profits (TP) compared to other pairs but I not sure maybe it just me that do experience this.
    I do trade other pairs but they do not respect my analysis and strategy just as bitcoin does even with economical news I still manage to make profits.

There are different reasons. The same Chart you analysed that hit your Sl would be analysed by another and it TP.
Experience and how you understand what you trading helps.

Personally not a fan of trading anymore. Just prefer Hodling
Lol not interested in seeing charts in my sleeps. Success on your endeavor. You don't av to trade all pair.

Trading bitcoin brings much profits to me than other pairs

P.S Every bull trader is a good trader in a Bull Run abs every bear trader is a good trader in a Bear run
Hence we don't measure capacity with this.

[Asiska02]

    I do trade other pairs but they do not respect my analysis and strategy just as bitcoin does even with economical news I still manage to make profits. so am I the only one witnessing this or many other too.
And is it true that bitcoin is consistent with traders technical setups.

Bitcoin tends to obey most of your strategy because you’ve employed the strategy as it should, but that does not means other pairs doesn’t obey a trader’s technical analysis. Every trader has their own way of analysis and how they input those analysis matter a lot. One of the reasons why some traders chose bitcoin over other pairs is because they see that bitcoin doesn’t get manipulated as much as other pairs does. There are some traders that don’t really want to trade bitcoin and prefer trading other pairs only, they do that because those pairs respects their analysis more than bitcoin does. So everyone stick to what works for them best and it’s understandable to have different opinions in trading.

[Zaguru12]

Bitcoin does respects my strategy and hit my take profits (TP) compared to other pairs but I not sure maybe it just me that do experience this.
    I do trade other pairs but they do not respect my analysis and strategy just as bitcoin does even with economical news I still manage to make profits. so am I the only one witnessing this or many other too.
And is it true that bitcoin is consistent with traders technical setups.

One of the major reasons why bitcoin actually supports or obeys the SMC trading strategy is simply because of its volatility, bitcoin hardly breaks out from a zone without actually obeying the block order, FVG. Most of the time bitcoin usually follows liquidity or clear inducements before it actually goes its direction. One other thing is that bitcoin less volatility when compared to other cryptocurrencies doesn’t change trend anyhow if it is on uptrend it will only consolidate or ranges but can be on that trend for a very long time and except a major fundamentals comes to break it off that trend and that’s why it suits the SMC and ICT strategy very well because both are about following the trend.

I have usually said that not all pairs will use same strategy as that use to get a bias from bitcoin, this is because most cryptocurrency pairs are very volatile but the thing is the entire market usually follows the bitcoin trend and that’s why it is best to usually analyze bitcoin first before any pair to check the direction or trend of the market.

As for other pairs it is usually bad to use a particular strategy and analyze another pair because it worked with other pairs, best thing to do when trying out a strategy on a new pair is to simply backtest that strategy on that pair for multiple times before you decide to actually use it, backtesting is one key thing that most newbie traders do not want to sit down and do it

[De Gramor]

Thanks for all the positive feedbacks and at least I get to understand that not only me alone find bitcoin to be working and following traders strategy. And I also understand why many traders chooses bitcoin over other pairs, I will try and stick to my bitcoin and keep pushing my strategy way harder and maybe i could also try other pairs too.

I’m very great full for the positive information at least I got my clear explanation and all the answers I deserved from more experienced users. I’m really finding this forum more interesting and informative than I expected, I guess I will push my crypto currency knowledge way more higher than before in this forum.