RE: Bitcoin Pi-Cycle & Happy PI-Day
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I don´t believe in TA (techn. analysis) as far as BTC is concerned. Sometime it is right and sometime not.
If TA works, why are then people not rich already, who trade strictly according to it?
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Most people are unaware about how to execute risk management. I hardly hear anyone talk about getting out of a trade. When someone is in loss, they start dollar cost averaging (DCA), that is not risk management. Having technical indicators is not necessary for trading but it helps, but it is essential that people understand stop loss.