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RE: Bitcoin Technical Analysis: Could be about to break up, or break down soon?
Thanks for very much for your reply.
But in my experience I'd say crypto is easily the best suited type of asset, that I know of, for use of technical analysis. This is because I see the main factors in how cryptos behave as being like 'crowd movement' or waves hitting a beach. The patterns are regular and repeating. Whereas with stocks, quarterly reports about profits etc are a key driver of price; with bitcoin there are no earnings/dividends to affect the market-analyst's valuations (in fact im not sure there's any real way to price what a currency-type crypto should be worth?...its all just about supply and demand! :) )