Shiba Inu Token (SHIBUSD)

[armour1955]

IMO...crypto is so new many traders here have come over from the OTC and can't mentally transition their thinking because crypto has no cash flow, traditional asset base, taxation, depreciation making up EBITDA etc so the movement measured by charts to them is not generated by the "Net Present Value of the discounted dividend Stream" but pure speculation. So they see no relevance to chart movements. As you have rightly pointed out the charts do show the trader behavior pattern. Many are looking at certain levels and when those levels are reached they buy. All of us can benefit from watching those behavior patterns. It was obvious yesterday that $.00001 was resistance. Once broken the volume should have carried the PPT higher. But no...the PPT is obviously being deliberately restricted...thus traders dismiss chart patterns...

Crypto is an enigma!