Too Long; Didn't Read
Predicting and rationalizing the factors that influence the price of cryptocurrencies remains one of the holy grails of the crypto-asset market. The new asset class has proven resilient to many traditional quantitive financial analysis methods and traditional technical analysis is pretty much a joke when comes to the crypto space. Not surprisingly, every week we get disproportional amount of failed predictions about the price of cryptocurrencies from chartists that keep trying to apply vanilla technical analysis methods to the cryptospace. I am not a fan of technical analysis but, even if you are, you can agree that it might need some refinement to apply it to the cryptocurrency space.