It's so funny to read through some of these "technical analysis" of crypto markets. As if there is any discernable pattern from previous moves or knowledge from traditional financial markets that have any consistent bearing.
There are no rules. That's the whole point, right? Some of it will succeed, some of it will not. Analysis of patterns makes me laugh, so thanks for the enjoyment, of course.
The only things I've seen occasionally that might affect token "pricing" are protocol version upgrades that do things like limit supply, and reduce transaction fees. Even these events are wait and see, however.
Maybe some day there will be some sort of behavioural pattern consistency, but that day ain't today.
Tip (personal recommendation given no financial background): Don't buy in if you can't afford to lose it all.
🪙🪙
#twocents