I have seen some day traders claiming to use 15 minutes charts so it is even worst than what you think, if we see bitcoin price from a long time perspective we will see bitcoin has only done one thing to go up, there are some ups and downs but the general direction is up.
It has nothing to do with day traders as they are the type of people that are very well aware of what length of charts matter. You have probably also seen day traders claim that they work with 1 minute charts? No?
People that I was talking about are dreamers in form of rookies. They have no sense of what's happening and how to form a solid and truthful opinion based on a longer chart length. That's what's important.
There is no way you can state that the price is decreasing and advice people to sell, while if you enlarge the chart to 24 hours, it in fact is still increasing. That's the main point I am referring to.