The Perils of Historical Price Patterns in Crypto
We all know the crypto game can be a wild ride. One thing I’ve noticed is how many folks lean on historical price patterns, thinking they’re a crystal ball for future gains. But honestly? That’s a recipe for disaster. Let’s break down why depending on past price movements can be dangerous in this unpredictable market.
The Dangers of Historical Price Reliance
First off, let’s get this out there: relying on historical patterns is like chasing a mirage in the desert. Research has shown that crypto prices are often a random walk. So those past spikes and dips? They don’t always mean what you think they do. There was a study that checked out deep learning models for predicting prices, and guess what? A lot of the “patterns” they found turned…
