You are viewing a single comment's thread from:

RE: Bitcoin Technical Analysis: Could be about to break up, or break down soon?

in #bitcoin7 years ago (edited)

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! :) )