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Google "Quants" and "Technical Analysts".
"The Society of Technical Analysts (STA) is recognised worldwide as one of the largest and most widely respected not-for-profit organisations which trains and accredits members of the investment community, from industry professionals to private individuals, interested in the study of technical analysis. We have been setting the standards in technical analysis for 50 years and have been teaching our professional technical analysis courses for over 25 years, including teaching students at King’s College London and Queen Mary University London.
Acknowledged as an increasingly important part of most investment house activity technical analysis helps forecast the direction of financial market prices. Its methodology can be applied in any market and its techniques applied to cryptocurrencies such as Bitcoin, currencies, commodities, bonds, interest rates and equities. Over the past 50 years we have dedicated ourselves to the promotion and understanding of technical analysis and its role as a vital investment tool."
The.Gren-
Over the last few years I've asked prety much every person I have met who works hands on in the markets what they think of technical analysis. My anecdata shows a 50:50 split of opinions.
People who have made money using it say its very useful. People who have made money without it say its not very useful. The reality is that a lot of people who luck out like to validate themselves by claiming some form of skill being involved.
Chart analysis is tool that is one method of making predictions and it is no doubt useful in some situations but will never replace the main method of predicting markets...inside information through maintaining a large network of contacts.
TA is less useful for Bttcoin where you can be utterly fucked up by somebody selling some BTC just to buy a new yacht. Its almost meaningless for low liquidity markets like 99% of altcoins.
Stonehedge
Are you peeps trying to predict what the price of BTC will do by looking for patterns in previous pricing? Is that a thing?