Everyone knows that we can learn from the past to correct mistakes.
As a result, many economists attempt to predict the future through history.
We also have a known fact from the past.
The "Bitcoin halving" is correlated with price increases.
I'd like to pose a new question here.
What are your thoughts on using past charts(candlesticks) that similar current ongoing charts(candlesticks) to make price predictions?
When asked this question to many professors and investors, a common response is, "Candlesticks reflect the psychology of investors."
What are your thoughts on this matter?
As a result, many economists attempt to predict the future through history.
We also have a known fact from the past.
The "Bitcoin halving" is correlated with price increases.
I'd like to pose a new question here.
What are your thoughts on using past charts(candlesticks) that similar current ongoing charts(candlesticks) to make price predictions?
When asked this question to many professors and investors, a common response is, "Candlesticks reflect the psychology of investors."
What are your thoughts on this matter?
- Past charts are really that a worth thing to be checked on on which it would really be giving out that kind of idea on how it did behave in the past. Patterns could be formed but doesnt mean
that it would be a solid thing that it could happen in the future but making it as a reference then it wont really be that a bad idea.
-Psychology or not, it doesnt matter but the main thing that should be having in mind is that using up these technicals are really that relevant or something that significant
specially if you are dealing on a market on which it is really just that too unpredictable and random.
We cant really be just having always that news and sentiments around which we could really be able to make use and this is why we do heavily
rely with these indicators on which been mainly used on the time we do engage within this market.
