Markets have cycles and the price will eventually hit a bear trend. When and how long it will last, I have no idea. As for the dead cat bounce, it's very real, go have a look at these charts: PIVX, Ripple, Ethereum, I agree the term sounds a bit ridiculous but it is a thing in trading
These trends reflect on human emotions...In stocks millions of users are deciding the market so u can predict and find patterns which reflect the emotions of the mass..In crypto everything is a pump and dump and the market is purely determined by the few groups...so there is no way to predict..And no trading patterns or analysis can be applied here
Not in BTC my friend, go look at my charts, fib extensions work very well, as well as trendlines, it's worth learning technical analysis because TA is used by big whales/institutional traders to set targets, you really should look into it. Also, stock trading is dominated by computers and high-speed algorithm whereas crypto is where the big dumb emotional money is, that's why you see people buying coins that are up +6000% for "investment". Emotion is what makes crypto so great to trade.
Why not? It did apply in 2013.
that was once..It has showed such movement many more times...
Markets have cycles and the price will eventually hit a bear trend. When and how long it will last, I have no idea. As for the dead cat bounce, it's very real, go have a look at these charts: PIVX, Ripple, Ethereum, I agree the term sounds a bit ridiculous but it is a thing in trading
These trends reflect on human emotions...In stocks millions of users are deciding the market so u can predict and find patterns which reflect the emotions of the mass..In crypto everything is a pump and dump and the market is purely determined by the few groups...so there is no way to predict..And no trading patterns or analysis can be applied here
Not in BTC my friend, go look at my charts, fib extensions work very well, as well as trendlines, it's worth learning technical analysis because TA is used by big whales/institutional traders to set targets, you really should look into it. Also, stock trading is dominated by computers and high-speed algorithm whereas crypto is where the big dumb emotional money is, that's why you see people buying coins that are up +6000% for "investment". Emotion is what makes crypto so great to trade.
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