Look. Descending triangles.
TA for Bitcoin doesn't mean dick.
It's all butterflies flapping their wings, and shit, in different parts of the world, man.
So true!
You cant base trends from the conventional fiat trading world on bitcoin. Bitcoin is still a new animal, it hasnt been harnessed & controlled (fully) for hundreds of years by bankers & governments like regular stocks & bonds.
Trade based on TA & triangles, pretty graphs etc at your own fucking peril.
Buy & HODL for a good few yesrs, its the only way (imo) to pretty much guarantee profits, big ones too.
I largely agree that Buy and HODL can be a very profitable strategy in bitcoin; however, I personally believe that skimming a little bit on the way up is a more prudent strategy to insure yourself from some of the downside risk and to psychologically help during the likely inevitable weak hands shaking out periods that can last much longer than expected.
On the hand, I get a little bit perturbed by toknormal and some of his ilk who seem to be suggesting a kind of downside inevitability that likely scares folks into making bad decisions by either selling or failing to buy... They have been so wrong in the past, too, but still they like to spin their more downside TA theories without really acknowledging how frequently they have been wrong in the past and failing to account for the exponential price s-curve dynamics that could cause their TA to fail to account for their projected TA dip not to materialize in the real world.