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RE: THE 2018 BITCOIN BEAR MARKET (update)
Fundamentals are totally different this year compared to 2014. This is why TA is non-sense in the longterm. At that time Bitcoin was 95% of the market, now 43%....LOL. If drawing triangles makes you genius forecaster then the rest of us should have just majored in geometry.
Geometry would be a great tool for trading. Fundamentals may be different but emotions are still the same. Humans behave with forecastable reactions. My job, at least what I want to do, is to get better at reading them.
So far my technical analysis has been working pretty well on bitcoin and a number of other alts (previously I traded commodities). My problem arose when I focused too much on the fundamentals, believing “things are different” this time.
Feel free to comment with any research you’ve found too 👍🏼