Follow the trend – John Murphy

Wisdom: Markets move in trends. Explanation: John Murphy is a pioneer of technical analysis, confirming that market movements are not random but follow clear trends whether upward, downward, or sideways. Trying to reverse these trends often leads to losses because the price follows the collective supply and demand forces, not your desire to predict. Understanding the trend allows you to join the market instead of fighting it. Practical advice: Before entering any trade, determine the overall trend on daily and weekly charts. In a rising market, focus on buying at temporary dips, and in a falling market, place sell or wait orders. Using technical indicators such as moving averages helps confirm the trend. Practical example: If $BTC is in an upward trend on the weekly chart, don’t try to sell at every small daily correction, but take advantage of temporary dips to buy.

📌 Disclaimer: This information is for educational purposes only and is not a buy or sell recommendation. Trading carries risks.

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