As usual, at a time when everyone bought bitcoin and digital currencies in preparation for the rally after the decline that occurred.
Where the price of Bitcoin fell from 12 thousand to 11600 and settled at that price for a few days, and everyone expected that it was a correction only to break the 12K area.
But Bitcoin always goes against expectations. At a time when everyone started buying more currencies in preparation for the expected strong bullish wave, today the price of Bitcoin fell to 11200.
The strange thing is that the same thing happened about Bitcoin's decline in the middle of the day to 11400, as a large number of people started to buy, but Bitcoin surprised everyone by continuing to decline.
This brings me back to a permanent point of contention between the pioneers of Forex and the Stock Exchange on the one hand, and Crypto on the other.
When forex users started analyzing the Bitcoin Chart, but we told them that Bitcoin is not subject to analysis, but they insisted on drawing lines, resistances and triangles, but in the end Bitcoin is moving in one direction and analysis in another direction.
This is my humble view, although I did not study the analysis well, but every time Bitcoin violates all expectations and breaks the resistances and all the lines drawn.
So the question remains, is there a group of whales that control the market price by buying and selling?
Or are there special analytical rules that need further study? Perhaps I have not reached the full experience yet in the analysis, but I have read many articles saying that there is approximately 60% of the decline and rise caused by the buying and selling operations of whales.
We will not forget another important factor, which is news, such as the inclusion of currencies on the platforms or a partnership with major companies that may have a role in raising the price.
So if Bitcoin is not really subject to analysis and that the decline and rise might be surprising?
What is the solution ??
The solution lies in a clear strategy for managing capital, for example, you must divide your capital into 5 parts to buy part of the money at a certain price and when it falls, it is supported by buying again, and if it falls again it will continue.
Then at least, even if there is no big rise, you will succeed in regaining your capital.
This is the strategy I work in trading until I fully learn the analysis.
And you, what is your strategy?
