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RE: BITCOIN – Short-Term Update, Bias, & Key Statement for 3-22-2018
Thank you for your reply and elaborating more on your opinion about the death cross- it helps a lot!
It might sound like a blasphemy, but sometimes I wonder whether the same thing does not apply to TA in general - does it work mainly because there are enough people who believe the price will follow some direction? Kind of a ''self-fulfilling prophecy''..Right, or not, I do think TA helps when trying to predict the price. Thanks again!
To a much smaller extent, yes - I suppose, however, how many people are aware "Elliott Wave" or Tom DeMarks sequential indicator? Not many I suspect. Therefore, unless it's something widely publicized by the mainstream - all the nuances of various TA practices stand on their own merit and capability of those who can properly read the said tea leaves and adjust accordingly.