travislester37

Consider the things indicators/trends don't account for.

COINBASE:BTCUSD   Bitcoin
Remember how much influence the top traders, whales, institutional buyers, or whatever you want to call them have on the price. The activity of that group (and the market in general), is going to be based on news, hype, overall sentiment. The data indicators use, and the trends we observe, are based purely on numbers and numbers alone. Those numbers won't adjust when you start adding in events that influenced price along the timeline. Sure, we can observe how the price REACTED to certain news, but we cannot chart the conclusions we make in that regard in a way that can be used to predict the future with any kind of certainty. News will drop, positive or negative, and we cannot predict when that will happen. Market sentiment will be affected by that news, and we cannot predict how exactly how that will take place in a way that matters. Your pivot points, your triangles, etc. don't consider any of this. Keep that in mind, and value any news you get about future events that pertain to BTC (Bakkt launch is a good example, future halvings, etc.), and account for it when you try to predict how the price will behave!

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