Replies to post #52077 on Bitcoin (BTCUSD)

[trunkmonk]

and the lemmings think TA is useless, little do they know its a statistic based on reality, as many technical tools are. one thing that never changes, is people. peoples habits are predictable, and many times you can see it in markets, sectors, stocks, bonds, volumes, M2 velocity, CPI, PPI, etc etc etc. +stock moves vs -stock moves. its all predictable for everything, including crypto.
As crypto matures, it becomes predictable, which is why CME (the pros of the pros), and now BlackRock, get into markets once they understand them through technical's and fundamentals, the Risk goes down and ability to manage or control changes goes up.