Saturday, 4 September 2021

Bitcoin: The Problem With Drawing Lines

I know a lot of people enjoy the occasional line-drawing, as I myself occasionally dabble in the matter. But to use a line fit to the 2 prior peaks to inform us on the next market cycle peak is extremely dubious. We look at what would have happened if you took this approach last cycle, and how you would still be waiting for the price to reach that line. TA Video by Benjamin Cowen.