I dont understand the market

[Anonymous No.49905696]

When I think Bitcoin should go up, it goes down.

When I think Bitcoin should go down, it goes up.

When I think Bitcoin should hit X price in the hour, it hits X price and over-shoots it by $1000+ but it goes back down to the price I assumed it should have been at, so I was actually right all a long.

I have noticed the price action on the chart lies, it paints signals that are bearish, and the pumps, it paints signals that are bullish, and then dumps, and then it actually reverses (maybe 1-2 days later) and does what it was supposed to do originally - making swing-trading very painful, as you may end up panicing out of a trade you think is going bad, when infact your trade will work out the next day, its just currently not doing what it should have done, but it will actually do what it should have done, just later on....after its done liquidating a bunch of people first.


With that said, the only real option is to HOLD and wait for the long-term, but the long-term might not even play out, many people bought Bitcoin 5 years ago are still at a loss today.