Most people who trade bitcoin or any other asset will try to use technical analysis to determine their trading strategy. The use of technical analysis as being highly criticized over the years for obvious reasons. Below is a brief list of reasons why technical analysis should not always be used as the only indicator of how assets will behave. 6. Humans Crave Patterns One of the primary reasons technical analysis …
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Predicting bitcoin’s price has been proven to be extremely difficult. A digital asset based on a free market principle can go through very volatile price swings. Moreover, the limited supply and the fact no bank or government can directly intervene have made bitcoin an attractive investment vehicle for both traders and speculators. Despite all of these unknowns, there have been a few correct bitcoin price predictions over the past few years, although …
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Throughout the years there have been many predictions related to the future of technology. While some of these concepts have come to fruition, most of them have missed the mark entirely. Experts had predicted a variety of different things for 2016, most of which ended up being completely wrong. #5 Technology Products Get Better With Age A rather unusual statement, as we live in a society where consumerism is reaching new …
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