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Wednesday, October 17, 2018 7:36:37 PM
Daily Bitcoin - Short-Term Analysis
It's almost unimaginable for some to believe that these types of price movements can occur in any instrument or sector. However, before you set aside the notion that something can move to these extremes, take a few moments to imagine the implications of cryptocurrencies replacing fiat currencies as a primary medium of exchange. I won't opine on whether this is possible or even real, as that's not the point of this article. However, it's not what I believe that matters, nor is it what's real or unreal, but rather the sentiment associated with market participates who ponder these questions. This is what drives prices to extremes, and it's this same sentiment that will continue to cause the volatility in cryptocurrencies that make their patterns predictable in a way that make investors VERY real profits.
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