Monday, May 16, 2011

Bitcoin and Technical Analysis

In the spirit of keeping the TA people accountable, I feel the need to point this prediction out.

And the outcome:

Although, its unclear what the timeframe in the prediction is, bitcoin certainly isn't following that red line...

I don't know much about technical analysis, but I'm skeptical. I'm willing to admit it might have some predictive value, but I would need to be convinced it outperforms other models.

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