Bitcoin is a speculator’s dream. Not just because it is an opportunity to make a lot of money if you can call it right, but because it has so much opportunity for pure technical analysis. The more efficient a market gets the less useful technical analysis becomes, because market efficiency’s annoying twin is market randomness. The more efficient a market, the more random it becomes and generally long developed markets are very efficient, unlike new ones like Bitcoin. There are many levels of random and it is a fabulous subject to study, but it is not often the traders’ friend. So we have this great set up, one that ... (full story)