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RE: Bitcoin analysis. Bitcoin doing Just Fine (#25)
TA is good but sometimes fundamentals are decisive.
After South Korea announcement of Banning Bitcoin it lost around 20% as long as other cryptos. Actually Korea announced banning cryptos not only bitcoin. But when later, they said that it was only the opinion of one ministry and doesn't mean that Korea will do so, the prices started moving up again.
Yeah, right! I think that charts are fast in showing disasters. Merely at the same time as a news comes a chart react instantaneous. So many times I find myself in position that already after I saw a pull back on chart I find in news what was the cause of a price move. So when monitoring charts, they are the first to tell me news. It's some times funny but this is a reality from my point of view.
Check also my analysis for Steem: #6 and the last one for Bitcoin: #26.
p.s. I start initiative Upvote Myself no More and series For Better Steemit#1, #2, #3, #4. Writing series TFDSRE, stuff about new way of technical analysis: #1, #2, #3.
Check my blog an meet you in my comments.