Hi ImpliedOdds,
yes, the MK works a little differently in the crypto markets, as said before;
first of all, as I had predicted some years ago,
the market structure of the “younger” and smaller crypto markets will more and more resemble the bigger FX markets,
not the other way around.
That is why we already see MTS runs etc.
However, since most market participants are “long only”, BTC is currently highly sensitive to any red bars (even small ones) and less responsive to green bars.
That makes quite sense of course.
I predict that at some point, BTC will resemble the MK of the metals, and then down the line will be pretty similar to FX, but this could easily take a few years.
I would not recommend to focus on the cryptos for short-term trading.
D
.
