Be careful about Patterns in investing in Bitcoin

[ColdLava40]

I see that many people write about DCA, that it is a salvation for beginners like me. And at the moment, I don't understand the traders who are trying to trade now. It seems to me that the bitcoin market is a raging sea that will pull down any risky guy.

Trading patterns trading is one killer strategy, many would think so.

Bullish, bearish patterns, all can do two things which are build you or break you. They are good but can be dangerous too. The public turns blind eyes on what the market story is and focus on these past patterns thus the reason for retail failures.

They listen too much to the same people who create enough liquidity able to wipe out the retail traders from the market.

A long term investor could be safe from this. You don't need patterns,  just one thing and that's is buy with the DCA. Less stress, less noise.

[Vaskiy]

Patterns are just the indicators that gives an outline of the market. We can pre-determine the market moves and make our decisions. This is just the visual representation of the market where we will see variations based on the timeline provided. We can make comparisons with the present pattern with the previous years or something similar to understand market's movement. When it comes to investing, strategy is the much important factor. This comes through the learning. Only through better strategies we'll be able to make the best out of the market. Patterns let you understand the next price move, strategy lets you make money out of the move.