Is Bitcoin still respecting Technical Analysis?

[dentolas]

People don't realise that this is a cycle, everyone is glued to the screen trying to draw lines on the BTC chart, the market makers know this and use these gurus to make money... the TA gurus are in fact "working" for the market makers... so easy on a small cap market like BTC...
Not that TA is not usefull, but even in combination with FA it is only a tool as good as the market 

[Speaker]

Technical analysis is primarily a set of tools for predicting probable price changes based on patterns of price changes in the past in similar circumstances.

The cryptocurrency market is too young to be fully trusted with technical analysis. Moreover, and probably the most important thing-the cryptocurrency market is not regulated by the laws as in the stock market and is subject to manipulation.

Market makers and big players tend to play against the crowd,so I wouldn't rely on technical analysis alone.Important news can much more accurately determine the movement of the asset price.

[tonymillions84]

i work with fundamentals. the TA STUFF is not working for now. i saw lots of prediciting about the down fall of bitocin to 1000k and another prediction about it;s bull run to 8000k before the year runs out.

[abdmuiz]

vlotalitas in the kiripto space is very significant, must be careful and do not need to listen to the words of anyone you have to believe in yourself