Originally Posted by
jrhowell
Perhaps technical analysis relies on the uncertainty principle. When the shape of the graph gives you a specific price the time frame becomes indefinite.
Actually land bankers use technical analysis, they see patterns. If they pay cash they are immune to time worries. The Chinese own a lot of New Zealand with cash, they never sell. It is technical analysis that forecasts urban areas spread when the living is easy as it is in Auckland, temperate, water security, no climate change hazard.
Technical analysis is everywhere, utilised unwittingly.
And in bitcoin.