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Whales arent dumb and for sure they would really be doing themselves on not to be that obvious when it comes into their movements and i do agree on what you have said here.
Patterns are just normal to be formed but the question is that are they really that accurate on following it or for you to rely on.? ITs up for you to discover on but the answer
into this question is that there's no such thing do exist.We might able to form something but it wont really be that be giving out that 100% effectiveness.
It is true that patterns appear from time to time in all markets, one of the most obvious ones is the famous head and shoulder pattern, the issue is that those patterns only indicate a tendency of the market to do something, it is not a sure thing and yet many people trade those patterns as if there is a 100% possibility that their prediction is going to come true and when this doesn't happen they get mad and accuse the markets of being manipulated.
But even if that was the case it was their fault for believing that they can predict what the market can do all the time, something that not even the best investors around the world can do.
I believe crypto moves have patterns, and based on some of the articles I've read there are several patterns that could emerge. Therefore it is
very important for us to do technical analysis before making decisions in crypto trading. So that we can find out which patterns will appear,
from knowing the pattern of market movements, we can predict where the market will move. But I agree that not all predictions about crypto
prices based on emerging patterns can be 100% accurate. Still, there are other factors that can change the direction of market movement to
be inconsistent with the pattern that appears, therefore crypto trading is very risky, because it's movement is very difficult to predict.
