Everyone knows that we can learn from the past to correct mistakes.
As a result, many economists attempt to predict the future through history.
We also have a known fact from the past.
The "Bitcoin halving" is correlated with price increases.
I'd like to pose a new question here.
What are your thoughts on using past charts(candlesticks) that similar current ongoing charts(candlesticks) to make price predictions?
When asked this question to many professors and investors, a common response is, "Candlesticks reflect the psychology of investors."
What are your thoughts on this matter?
We can learn not only from wrong decisions or strategies to correct them but also from the right decisions or right strategies that we have made, of course. That means, good or bad, we have the same lesson to learn from these two.
Now, in terms of technical analysis, many people make mistakes here even after they have gone through this lesson. It is because they do not fully understand what they are studying, or they may just have a hard time getting what they are studying to convey because it is different talk when the basis is actual compared to theory.
Experience would be the best teacher indeed on which you could really be able to learn up things on both sides on which you could really be able to gain up those knowledge overtime or on the moment that you had
experienced it for yourself on which it is really just that normal that you would really be making out adjustments basing up on what you had been able to encounter. In regarding about the question whether you do believe on technical analysis then you would really be of course be finding for yourself on how relevant it would be in speaking about predicting on where prices could potentially go. There's no way that we could really be able to
tell on where prices could eventually go despite of using on different analysis which its a combination of TA+FA but it is really that still something better rather than making yourself that
making decisions without any basis.
Hovering yourself on a market without having any weapon or tools then it is really just that making yourself that look like a gambler. Diving into things
which it doesnt really give out that kind of assurance just because you have not done something relevant or something that would really be useful.