Viewing a response to: @jrcornel/ever-heard-of-the-death-cross-in-terms-of-technical-analysis
So basically people just look for patterns and infer causation without understand correlation. This is precisely why technical analysis for cryptocurrency is not quite accurate- there is a lot of guesswork involved. If everything were this crystal clear then everyone would be doing precisely the same thing and it would cause a self-fulfilling prophecy. If the majority of people believe a death-cross is bad then there will be a sell off.
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