And here you are, sitting, looking at the BTC chart, and it’s like a swing after three shots — up, down, back and forth.
Where is all this going? Buy? Wait? Panic?
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Spoiler: if you’re without technical analysis — it’s like driving a truck with your eyes closed.
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I did that. Don’t repeat my mistakes 😅
🧭 1. The trend is like the wind in the sail
Market prices don’t jump just like that.
They always have a direction:
🔺 Upward trend — each new high and low is above the previous ones. We’re sailing to the Moon.
🔻 Downward trend — on the contrary, everything is going to hell.
➖ Flat — sideways. Neither fish nor fowl. Price is stuck back and forth.
📌 Golden rule: trade with the trend, not against it.
Do you want to play against the trend? Okay. Just be prepared for a shake-up — like in a minibus over bumps.
🧱 2. Support and resistance levels
The market is not chaos. It has ‘ceilings’ and ‘floors’👇
🔹 Support — a level where the price bounces upwards. Kind of like: ‘that’s it, I can’t fall any further.’
🔹 Resistance — on the contrary, a ceiling that is hard for the price to break through. There are usually orders sitting: ‘if it gets there — I’ll sell.’
📍 These levels work because big players and millions of orders hide there.
The price hits them like a fly against glass — painful, but stable.
📊 3. Volumes — like the volume at a party
Do you feel the beat? Now look:
📈 Large volumes = confident movement. Where there is money — there is power.
📉 Small volumes = be cautious. It could be a fake or a trap.
⚠️ Do you see a sharp rise, but the volumes are silent like in a library?
Be careful, this could be a trap from the puppet master.
🔍 How to start analyzing?
Here’s a step-by-step guide — without any jargon or Harvard graphs:
1️⃣ Open the chart. Just open it. Don’t be afraid.
2️⃣ Determine the trend — is it rising or falling?
3️⃣ Draw the levels — where the price has bounced at least a couple of times.
4️⃣ Look at the volumes — is there money behind the movement?
🤦♂️ My pain (can’t do without this)
The first time I saw the price break a level — and with a shout of ‘forward!’ I jumped into a long position.
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Five minutes later, the price reversed like an ex on payday — and went into the red.
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Conclusion? If there are no volumes — it’s not a breakout. It’s a trap.
☕️ In the end:
The market is not a casino. It’s a system.
Look at the trend, levels, volumes — and think before you click.
If you knew all this — good for you. If not — welcome to the ‘lost but realized’ club 💪
🎯 If you liked it — like, subscribe, comment to a friend.
If you didn’t like it — well, I’m still trading, you can’t hurt me 😏
