Crypto currency TA is BS.

blouchchain (25)in #bitcoin • 7 years ago

It seems to me that all this Technical analysis of crypto currency is all BS. The market is obviously being manipulated by some major players in this space. Also why do 99 percent of the coins/tokens all crash and rise at the same time?

#crypto #currency #technical #analysis

7 years ago in #bitcoin by blouchchain (25)

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adinakata (39) 7 years ago

Vote back

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adzy (25) 7 years ago

Man the markets correlation to bitcoin is insane, I did a table on this the other day. No coin has a correlation to bitcoin lower than 0.6 (most are at least 0.7+). This basically means that the entire crypto market, no matter what the coin, is all strongly linked... Predict bitcoin and you can predict the rest of the market!

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adzy (25) 7 years ago

I'm new here, follow me and I'll post a write up about it in the next week or two and provide tables.

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steemitboard (66) 6 years ago

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steemitboard (66) 5 years ago

Congratulations @blouchchain! You received a personal award!

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