Viewing a response to: @technicaltrader/bitcoin-btcusd-could-the-major-pattern-fail-two-things-that-concern-me
What I would suggest after reading this, is that cryptocurrency (unlike stocks) is actually, way, way more predictable. It threw me off when I was new to crypto. Cryptocurrency actually very often, just follows the predicted patterns it gives. The "unpredictable" behavior is usually you'll have a brief contrary move, just before the chart pattern is followed-through and proven valid. So we had that little dip before the wedge broke for the upside. Crypto likes to do the last-second head fakes, but then just go for what it was going to do all along. Look at all the BTC waves following the crash, each one was highly predictable. So predictable, it actually causes us to second guess ourselves. Why is crypto so predictable? I have no idea, other than the nature of a multi-year bull market has to play out in a predictable pattern, it can only bubble, crash, and then bubble again, and all of this devolves into predictability.
author | crypto-investor |
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permlink | re-technicaltrader-bitcoin-btcusd-could-the-major-pattern-fail-two-things-that-concern-me-20181016t144325020z |
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