BITCOIN. Why chart pattern work?! (Not all) 18/Oct/22.
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Bitcoin . Why “chart pattern” works? Or we may asked why “pattern” exist.? As market are “mass participation” with “repeating “ of “fear/greed” emotions.. Anything “repeating in rhythm” there will be a “patterns”. <Pattern work but not all> .To “verify” whether any “pattern” will “work” in future in charts. Traders need to use their own “tools” to find is there any “underlying/energy/force”. A valid “z=speed” factor on the “terminus” of connected 2 “vectors”. E.g . The gravity force which made all planet “round shape” “pattern”.. P/s without “speeds=z” factor to “achieve “ “disequilibrium” in market. The price=x factors will be horizontally flat alongside with y-axis.
Via TradingView Ideas https://ift.tt/PH2q1fj
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