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RE: Introduction: Cryptocurrency Analysis from a Professional Trader Who Predicted the Market Crash back in January!
Technical analysis in crypto is such a joke..
Technical analysis in crypto is such a joke..
What makes you say that?
Well..let's say i own 100K btc.How will you predict what will i do with market the next day?I can do what i want,when i want.Pump coins,dump coins.How can some analysis predict my will tomorrow?Market is highly manipulated by whales,not by people like us.They hold markets alive.These are not stocks,it's crypto.Crypto is in his dippers,few people are in it.For some good analysis,and this is my guess only,it would take millions of real people to buy and sell BTC,to get real picture of market.Not millions of bots,owned by few hundred of big BTC whales.
Read this post of mine:
https://steemit.com/bitcoin/@drumsta/why-i-favor-technical-analysis-over-fundamental-when-it-comes-to-crypt