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RE: Bitcoin TA today showing the bulls are back in town med to long term

in #bitcoin6 years ago

I am more of an FA than TA guy, but your analysis does provide enough of both.
As a bitcoin maximalist (/s) I agree it will rise. This isn't a zero sum game. What is good for bitcoins is good for all real cryptos

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Yes being a bitcoin maximalist is pure and original and has a lot going for it. So many of the alts will come and go. And they really are controlled by bitcoin in general it seems. I wonder if TA is even worth much in bitcoin, the anomalies and black swans and manipulation may still skew the pure TA predictions a little.

I think basic TA is worthwhile, for example trying to derltermine if a sudden move is significant or not, but we definitely can't apply the same theories that work for say oil or euro/usd prices.

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