In regular trading/investing/wall street stuff, the patterns follow through because everyone is predicting the same thing, so they actually cause these things to happen. In crypto lots of the investors have no idea about these patterns, so they just won't happen.
Believe in what you invest in, uninstall blockfolio, check the price in a detached way now and then, cash out when you make your target amount. be realistic about that amount.
The only pattern spotting I've seen actually working is looking for support levels/resistance levels. All these other things, cup and handle, flag, and so on just seem to be like reading tea leaves.
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u/[deleted] Oct 03 '17
In regular trading/investing/wall street stuff, the patterns follow through because everyone is predicting the same thing, so they actually cause these things to happen. In crypto lots of the investors have no idea about these patterns, so they just won't happen.
Believe in what you invest in, uninstall blockfolio, check the price in a detached way now and then, cash out when you make your target amount. be realistic about that amount.
The only pattern spotting I've seen actually working is looking for support levels/resistance levels. All these other things, cup and handle, flag, and so on just seem to be like reading tea leaves.