A familiar looking pattern
I'm not really big on the idea of any method or indicator that claims to predict the future. Usually, I see repeating patterns as nothing more than market psychology or coincidence.
That said, it's really interesting to see how the 2017 boom/bust pattern looks quite similar to the recent run-up and drop that we've seen, and in particular the drop to 8k and below.
So, what's at work here? Market psychology on display? Or bots coalescing to form a familiar trading pattern?
That said, it's really interesting to see how the 2017 boom/bust pattern looks quite similar to the recent run-up and drop that we've seen, and in particular the drop to 8k and below.
So, what's at work here? Market psychology on display? Or bots coalescing to form a familiar trading pattern?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.