@profitofthegodsBut
you CAN'T compare crytpo to Gold and be serious 90% new alts goes like that:
1. launch
2. price increase
3. bear trap
4. main bubble
5. bulltrap mode
6. downtrend
Look at Drk, Bc, Cinni, and amny others.
You just
CAN'T treat crypto as a gold and see that "we're going much higer than ath because of gold chart".
To be honest this is very
naive.
But nice try m8 and it's good that you look at chart:)
You completely misunderstood me. I was not trying to say my chart pattern is better than his so the price will go up. I'm trying to say that you can find a chart pattern to show anything, and that this shows that ultimately patterns in charts do not mean a damn thing. Markets move because of
actual reasons not because of some magical shape you found in a chart.
I'll never understand WHY most people are not lookining at chart and analysis is for them something stupid. Lol, for many analysis = fud.
You really have so much money to throw in coin without looking at chart? ;/
Simple analysis is very easy, sometimes you just have to compare to bubble scheme which is not hard for 1day trader!
It's all the same in crypto. Bubble and bubble.
Many forms, sometimes anomalies but mostly is classic bubble in wider view than well known all bubble scheme.
TIP for smart buyers: remove all your cloak bids and put below 100k. It'll be fun:)
Because according to economists, technical analysis is nonsense. Patterns repeat; as I said before that does not imply that they repeat for the same reasons or that, therefore, they will continue to look identical as time passes.
With you, I suspect this is not superstition however, as you are clearly trying to influence other traders to follow your favoured 'pattern' in an attempt to make it become a self-fulfulling prophecy.