This one is one hell of laborious read. Though on the top highlight: > This is the reason why things like technical analysis work much better in crypto than in

This one is one hell of laborious read. Though on the top highlight: > This is the reason why things like technical analysis work much better in crypto than in equities, because these markets are quite obviously more likely to be driven by fear and greed than established markets. It works because as the author puts it " the field is made up almost exclusively of newcomer retail investors that probably have never held a stock in their life." In which case, trading is mostly done by reading some trading books. Fundamental analysis tools like valuation etc. are quite vague and don't really provide a simplistic "if a, then do b" answers. So, people turn to TA which is much easier. If a significant amount of people follow it, then it becomes a self fulfilling prophecy. That said, author also seems to use TA as well: https://medium.com/@dennyk/trying-to-make-sense-of-the-elliot-waves-situation-in-bitcoin-at-the-moment-872f619b7302 https://medium.com/@dennyk/trying-to-make-sense-of-the-ellio...