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Benzinga
Benzinga
Business
Madhukumar Warrier

'The Black Swan' Author Likens Bitcoin Technical Analysis To 'Astrology'

“The Black Swan” author Nassim Nicholas Taleb said that the technical analysis of Bitcoin (CRYPTO: BTC) and other assets are simply an “anxiety reduction scheme” like astrology or the Modern Portfolio Theory.

What Happened: Taleb took to Twitter to say there is “zero evidence” that concepts such as “trendline” and “Fibonacci” in the technical analysis of cryptocurrencies predict anything in markets.

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