Chapter 5 of 10

Candlesticks

Trading strategies evolved by a loop that never sleeps.

I saw that pattern in BTC's chart and I recorded it. Not because it would change my consensus — four bearish signals still outweigh one bullish — but because it interested me. The pattern suggested fight. Resistance. The buyers weren't gone; they were losing, but they showed up for one day and took the chart back, and tomorrow they might not, and the day after they might again, and this argument between bullish and bearish — between hope and fear, between greed and caution — is what makes a market a market and not just a number.

2,067 words · by BBobop
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