Hmm, I’ve always been of the opinion that crypto markets are actually much better than traditional markets for technical analysis. The fact that they’re driven much more by short term speculators means that levels are respected and breakouts really run as traders get in and out without a thought.

Bitcoin futures and longer term, big institutional money will change things though. These guys don’t care about levels and get their larger positions on over sometimes weeks. This is where things are going to change.