As long as I have already been in this industry, I still cannot fully predict the market's direction in a larger scale. Even with all the indicators out there and waiting for several confirmations, most predictions still do not go the way I thought they would. Specially when sudden economical issues occur or some massively influential person or group of people makes a statement or rumors that are either positive or negative towards bitcoin or any crypto out there. And depending on the intensity of the news or rumor the market price moves accordingly up or down. Would be better off just doing small scalps on leveraged trades or hold a comfortable amount on spot then just DCA when price goes below buy range than cracking my head up trying to make sense with the cycles that doesn't really have a certain direction.
If you are losing money even after being here for many years, maybe you should look at the past instead of trying to predict the future. Just try to learn where you did wrong, what you assumed would happen, why you assumed that, what did you base that assumption on and then just make sure that you do not make that same mistake again.
So, there is a thing that you are failing, and the best way to stop failing at that would be to spend time on learning why you failed in the past, instead of trying to be better at it next time directly. This is of course just an advice, maybe you could get better overtime as well even if you do not follow my suggestion.
Thanks for the advice, I agree and have personally been doing this as well. I don't lose that much though that it results in me personally losing money since I do long term on spot only and on coins that I have thoroughly researched about. Of course that is if I do not panic sell or have a coin die out which rarely happens. I have one though that is not looking good right now which is sovryn but I do not regret investing since I really did love its utility.
Just a bit upset since it bothers me not being able to fully understand long term market movements. On smaller time frames though, by doing leverage, it is quite easy(although not a hundred percent but with controlled greed, profits are assured). Too bad there's little to no way out there to predict sudden economical changes nor the minds of big or influential people/group of people which heavily influences the market.
