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September 02, 2017, 02:31:31 PM |
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Most of the crap I've seen on price analysis is worthless. In a market with so much FOMO buying and panic selling, it's hard to really know why anything happens. Add to that big buyers with their own buy and sell markers based on each of their very specific goals which are probably what triggers FOMOing and panicing, and there's little knowable reason to most big moves.
When there is a discernible reason for something to happen, price analysis often doesn't know what that something will be. Ex. August 1 BTC hard fork. Big event, no one really knew what it would do even though everyone had an opinion. I'm just saying beware of manufactured reasoning. Often there's an agenda and if you let yourself get caught up in it, you could lose money.
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