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Don’t trust any technical analysis just because it’s drawn beautifully.. $BTC
Unfortunately, many of the analyses you see today are simply copy-pastes of the declining cycle behavior from 2021-2022 💯
It gives you a fractal, or draws lines of triangles—copy-pastes of the behavior
Because, simply put, it didn’t bother to analyze an independent technical reading; nor does it teach the schools of technical analysis—EW or Wyckoff, or other schools
Copying is easier than understanding.. but the market doesn’t move by copying
Don’t place your trust in any chart that looks like the past—ask yourself:
Is this analysis based on an actual reading of the current price movement and financial value? .. or is it just comparing a picture from a previous cycle?
Open the chart yourself.. 🤍