Quote from: phaddie on June 14, 2017, 12:55:05 AM

Technical analysis on Bitcoin is like technical analysis on penny stocks - worthless as the price can easily be manipulated by a single or a small group of investors, is very subject to news events, and the market is too small and immature.

Ultimately, Bitcoin has been one of the truest experiments in financial circles. Been largely left to evolve on it's own. I don't doubt that whales do buy and sell to affect price, but I don't believe all prices trending is due to that. As I stated in the beginning of the thread, I think there's mostly organic growth, which is why you can see patterns.

it certainly was easier to manipulate years ago, but it's getting harder and harder to do that now.