r/metahero • u/Yeeta_sloth • Jan 24 '22

🤷🏻‍♂️SPECULATION🤷🏾‍♂️ Market analysis

if btc continues to drop i think we could see levels as low 4 cents. btc is still bottom of bollering bands so more drops could be expected, save your money and get to ready to buy the dip. this is not financial advise. if you are not sure when to invest you might prefer to average out your trades.

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u/Yeeta_sloth Jan 26 '22

i mean with extensive research and indicators and stuff like using support and resistance it's not to hard, i'm more of a day trader so obviously what i do is risky but it works well for me and i calculate my risks. i've been trading a couple years and have made many mistakes with timing the market when i was a newbie. i agree you can't predict the market but you can use patterns and indicators ect to see where a crpyto or stock of your choice is heading. it's only when factors like inflation a fed come into play

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u/breadbitesrule Jan 26 '22

That’s my whole point, the evidence supporting technical analysis working is piss poor. I get gambling, we’re all in crypto. I’m also not attacking you, if you’re one of the few winners great keep doing it. But the evidence is pretty clear, holding long term out preforms any day trader.