Does anyone else read this "technical analysis" and think its a bit much?
These theories are from fiat markets, surely you can't judge crypto's by the same old indicators??
sure, their are big investors out there but most of us have a relatively small amount and use crypto as we see it as a solution to a broken financial system that benefits the already wealthy, not just a "get rich quick" scheme..I think the graphs are a bit over the top, they demonstrate nothing.
Most of us are hodling and we just want an honest answer as to up or down. For myself, i was trying to get away from the traditional!!
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I've said it before, and I'll say it again, (even though Ive been told by "professionals" that I'm incorrect). They never pair TA with any fundamentals or rational thinking. It's purely chart reading. In order to fully understand it, you must understand the people trading it and its future potential. For thst reason, TA is not an investing tool. Purely a trading tool and you should really look at things from multiple lens before sinking in a ton of money!