Don’t mistake a wave for the tide
The crypto tide is coming in, and tidal patterns are lengthy.
As I write this, BTC is bouncing off $90,000 and ETH is hovering simply above $3,000. Each are down considerably from current highs. The anxiousness degree has been rising.
Every single day in my information feeds I get articles that analyze present technical buying and selling patterns and evaluate present to previous — typically gone — expertise.
BTC analysts are particularly keen on trying again 4 years to the twelve months after the 2018 halving occasion.
I’ve bought nothing in opposition to buying and selling or technical evaluation. I ran a commodity buying and selling fund for just a few years and have loads of respect for the buying and selling group.
One factor I discovered from that have, although, is that until you possibly can compete with the high-speed quant merchants, figuring out and following main traits is the almost definitely path to earnings.
Excessive frequency merchants can harvest miniscule strikes at excessive quantity and make some huge cash. They’ll skim ripples on the floor of the water.
Different professionals can deploy a number of uncorrelated methods in a number of uncorrelated markets and earn a living if slightly over 50% of…