It's amazing to me how TA works. No matter what they see in the rearview mirror, the analysis is always exactly the same: possibly after going sideways for a while, it's going to either go up or down.
Here's a real prediction. When I look in the rearview mirror, I see that Bitcoin goes up and down. It's down now, so up is the most likely next direction. If you follow the "but low, sell high" strategy, buy now.
Yep. It’s so easy to draw all kinds of fancy lines om charts with historical data. I’m still waiting for a TA guru who does this and comes back month(s) later to show how right he was.
But he won’t, he’ll just draw new lines on the new historical data 😅