People and their charts - as if the Bitcoin market can be predicted. Charts are irrelevant in the face of an in-progress or upcoming "crises".
Once the auction is done, the price will resume normal rise / plateau / rise / plateau pattern.
Are you serious? Most trading even software driven in the market is done based on indicators along with news analysis. On the other hand, MOST people have no idea how to read indicators and instead simply look at the price trend which is quite useless.
Entry and exit points are identified using indicators. A simple example is May 19 entry point and June 6th exit point as long as CCD is positive and MACD is above the CCD: Enter as it goes above +100 and exit as it descends below +100. That's the simplest case example and can be made way more accurate by taking into consideration 10 other indicators to identify entry and exit points.
On the other hand, this statement below is naive and just an assumption: "Once the auction is done, the price will resume normal rise / plateau / rise / plateau pattern". Yeah, that rise / plateau you are talking about is $$$$$ to a trader.
