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RE: RED all over - STOP panicking
yeah, the problem with tracking patterns is that it doesn't account for people. People are unpredictable and often trade with emotion. For example, you think because of the pattern, it would go up, but it doesn't because Forbes makes a post that bitcoin is going to tank.
Yes they have been trying to talk down bitcoin for years now. The way i look at the cup and handle pattern is that so many of the big money traders follow it that it becomes a self-fulfilling prophecy.