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RE: Bitcoin (BTC) Morning Update: Head & Shoulders Combo

in #bitcoin7 years ago (edited)

I am not an expert on TA, but I have some knowledge of the game. However, my question is "can we really be sure that TA matters in this situation?".

I mean, the entire market seems to follow the general trend of BTC: when it goes green, almost every crypto goes up. I see this situation more as a matter of billions coming in and out. Also, being from Italy I notice that during the night, when Asia is awake, the price of BTC (and all other coins right now) tends to go down, which is most likely is due to the recent news about China and SK. This is why I believe the answer should be seeked in a more fundamental sense, rather than TA.

Just an opinion of course, I am curious to know what everybody thinks.