Two Bitcoin Charts Side by Side Shows Trendlines Can be Massively Biased

Bull and bears are constantly battling it out on cryptocurrency exchanges and trading platforms, hoping to push Bitcoin price higher or lower, and profit immensely from whatever trades they make or positions they take.

But their strategies can be easily clouded by their own bullish or bearish bias. Using just one trend line only across two different Bitcoin price charts on the monthly timeframe, it can demonstrate just how one’s own personal bias could influence how they interpret price action and any decisions they make based on their analysis.

How Personal Bias Can Influence Bitcoin Price Chart Analysis and Interpretation

Ask any trader worth their salt, and they’ll tell you that there are only a handful of strict rules to follow when trading in order to become successful. These rules include proper risk management strategies, a complete elimination of emotion, never investing more than you can comfortably afford to lose, and to remove any personal bias from the equation.

Related…