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RE: The Bitcoin Update!

in #life7 years ago

Hey nice post. I have a genuine question about the use of technical analysis in crypto currencies in general. I realise that TA works in large cap stocks where average behaviour has been modeled over time and patterns can be represented as mathematical constructs. But as with penny stocks, where the statistical models don’t maintain the averages, isn’t crypto generally ignorant of such trends? Maybe bitcoin given it’s a large cap crypto currency is tending towards a time when TA is more accurate than not, but is it there yet?