Bitcoin has been an anomaly since inception.
Moving averages have never tracked an asset driven by a global adoption S curve right from the beginning.
Almost all technical indicators were fashioned to trade on assets at more or less saturation.
Discussion
All previous data is based on QE metrics as well. IMO hard to use previous analysis methods while in this QT market. Thinking well be seeing a lot more anomalies in the next few years.
wen ya gonna do a nvt price app in nostr brah?
I'm in agreement that Bitcoin is a unique asset.
But it's far from a snowflake. ❄️
If you're a trader and you're leaning on technical indicators then it's incumbent upon you to understand how they're constructed and their limits.
In the end, good traders don't use technical indicators to predict the movement of price - that's what analysts do. 😂
Good traders use technical indicators to trade against other traders.
Insightful as always. Thanks for your vision