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thecryptoworkshop

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The Crypto Workshop
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The mistake of only looking at the price of BitcoinWhen we open a trading application, the first thing we see is the price of Bitcoin. If it is going up, we think the market is doing well. If it is falling, we assume everything is going wrong. The problem is that the price only tells part of the story. In the workshop we usually look at more than just the price. A move can look very strong, but if it comes with low volume, it may not have enough strength to hold. The opposite can also happen: the price barely moves while other indicators start to show that the market is changing beneath the surface.

The mistake of only looking at the price of Bitcoin

When we open a trading application, the first thing we see is the price of Bitcoin. If it is going up, we think the market is doing well. If it is falling, we assume everything is going wrong. The problem is that the price only tells part of the story.
In the workshop we usually look at more than just the price. A move can look very strong, but if it comes with low volume, it may not have enough strength to hold. The opposite can also happen: the price barely moves while other indicators start to show that the market is changing beneath the surface.
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