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It's genuinely concerning how 1:1 the Wyckoff pattern is for BTC at the moment [1]. [1]: https://www.youtube.com/watch?v=Lhf_2gJJS1I https://www.youtube.com/wa
by noofen 5y ago
It's genuinely concerning how 1:1 the Wyckoff pattern is for BTC at the moment [1].
[1]: https://www.youtube.com/watch?v=Lhf_2gJJS1I https://www.youtube.com/watch?v=Lhf_2gJJS1I
- vehementi 5y agoThat was a month ago and it has since diverged, the same youtuber is performing even more mental gymnastics to try to explain the divergence
- atweiden 5y agoAs anyone who was around to see the advent of “crypto TA” c. 2012 can attest, TA in the Bitcoin space started out as quantitative-themed narrative pumping, and it remains so to this very day. Crypto TA chartists self-promote and advertise coins in a furtive attempt to bolster speculation. They can then point to “trading volume” and speculation-fueled transactions to further boost perceptions of credibility — “$X zillion dollars were settled on this blockchain I’m invested in”.
- Freestyler_3 5y agoHe mentioned pretty early that he bought at 60k. hindsight 20/20 I guess.