I watch your analysis closely, and from what I observed you usually get it right. IMO this bitcoin is just a dream, the dreaming of becoming rich over night, like winning the lottery or the jackpot in a casino. Do you think that technical analysis works on bitcoin or any other instrument like it?? Sure there are some patterns, you can find patterns everywhere, but is there really a good way of forecasting future prices?? I'm still gonna think the same way about bitcoin, I'm just curious to find the opinion of a good analysist like yourself.
Really thanks, you have a great point here. I have to admit that I am still experimenting with this instrument. I also have to say that the "irrational" volatility of this instrument makes it "almost" impossible to trade(i mean here profit from). However, in terms of technical analysis and forecasting. any instrument with sufficient trading volume can be analyzed through technical tools. But for me, u may noticed that i never posted a trade on btc, although i trade most most instruments.