Everyone posts charts of what Bitcoin is going to do next, some are right, most aren't...

The reason technical analysis doesn't work is because it is subjective.

One man's wedge is another man's triangle.

One man's channel is another man's diamond pattern.

Serious, this is probably the most subjective technical analysis interpretation I have ever seen:

(Source:

1412065192415043590/photo/1) twitter metadata:aW13bW9oZHx8aHR0cHM6Ly90d2l0dGVyLmNvbS9pbXdtb2hkL3N0YXR1cy8xNDEyMDY1MTkyNDE1MDQzNTkwL3Bob3RvLzEpfA== ~~~

You just draw a diamond pattern smack dab in the middle of a range and call a direction.

That is basically TA today.

Everyone sees what they want to see.

It's exactly why technical analysis works and it doesn't work.