Lunar cycles predict Bitcoin price? Absurd.
BUT. If 100K traders believe it? Price MOVES based on their trades.
Self-fulfilling prophecy.
Death cross (technical indicator) = bearish? Actually. If traders sell when it happens.
Fibonacci levels? Meaningless. Unless 50K traders use them for stops. Technical analysis isn't predicting the future. It's reading collective psychology.
When everyone watches the same chart patterns, they ALL use the same stops. Price bounces off these levels because CAPITAL is positioned there.
Not because math works. Because PSYCHOLOGY works.
Question: Are you using technical analysis to predict price? Or to predict what OTHERS will do?
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