One of the most interesting parts about Technical Analysis is the fact that although it may work for some situations, it does not always work.
Let me explain.
When you have two pairs, lets take bitcoin for example.
Although we can look at what has happened in the past, ultimately, the price of bitcoin is hard to predict even for the most advanced traders.
We can all claim we know where it MIGHT go. But saying that it could go as low as 7K, or all the way as high as 25K is hardly a technical analysis.
One thing that I have heard other 'gurus' say is pretty interesting.
This guru actually created a course with another individual, and began to market and sell the course.
When asked what he thought about the price of bitcoin coming back up to 20K, he simply answered IDK.
The truth is, nobody knows, although there is an overall market ideology that we are in a forever BULL market, which just isn't the case.
\o
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Ya i completely agree. There is some major manipulation going on that requires a much deeper understanding of charts as well as market conditions. To be perfectly honest, I havent been trading for the entire month of January.
The market is a complete slaughter house, that is definitely not for swing traders.
It is a good time to accumulate coins long term though.
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