@haejin - I"ve come across many technical analysts who've admitted that Bitoin's charting pattern isn't something that follows the norm of charting.. When you expect a correction, it breaks out and when you expect a consolidation, it still breaks out with no warning too... Given that technical analysis is primarly about determinng the course of movement based on patterns which have historically shown to move in a particular way in the past, I'm never really convinced about tehnical anlaysis on Bitcoin anymore because it seems to defy charting rationale most times.
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Many analysts use both technical and fundamental analysis together . This is a mistake because technical analysis begets the news events the fundamentals and never the reverse.
When the two are mixed, predictive value fails quite often. Technical analysis and fundamental analysis are two very different modalities . Place is the most direct reflection of sentiment. Therefore price alone can actually project future pathway.