This is why Technical Trading works and doesn't work...
Everyone posts charts of what Bitcoin is going to do next, some are right, most aren't...
The reason technical analysis doesn't work is because it is subjective.
One man's wedge is another man's triangle.
One man's channel is another man's diamond pattern.
Serious, this is probably the most subjective technical analysis interpretation I have ever seen:
(Source: https://twitter.com/imwmohd/status/1412065192415043590/photo/1)
You just draw a diamond pattern smack dab in the middle of a range and call a direction.
That is basically TA today.
Everyone sees what they want to see.
It's exactly why technical analysis works and it doesn't work.
There is a lot of chart analysis on here. People have to understand, people are speculating and giving commentary. Not financial advice. A lot of the time, people are wrong. If they knew how to become rich, they would be rich.
"It all depends on the glass you look at." Greetings.
Well it is important to differentiate between price action and technical analysis, when you trade with indicators, you do technicals, but when u trade with chart patterns, thats price action... Indicators provide statisticaL proof
Nice to meet you. I'll follow you and boat. Please follow me, too!
i dont think you can do crypto trade using technical method