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RE: The Sky is Falling
Have any of those actual chart fundamentals helped you trade in this market?
Remember, this market has no rules, it has no fundamentals, so why you guys carry over fundamentals from actual markets with real products I'll never know.
A lot of this trading is fear, fear that these two sides at war will seriously fuck Bitcoin up... indefinitely, and there ain't a fucking chart on this planet that's going to alleviate that kind of uncertainty.
Thats why you never try to trade against the trend and catch a falling knife. All charting does is show you where to plan a trade. If charting was a guarantee everyone would use bots to trade.
I like that quote a lot. Catch a falling knife. So true. I love watching the pro's over at Ethtrader...they can do what I could never do. Great gauge for what is to come, though.