Why Chart Patterns Are the Biggest Lie in Cryptocurrency Trading

Cryptocurrency exchanges thrive on deception wrapped in data. Their favorite trick? Wearing randomness in patterns and pretending it's strategy. Candle formations - 'bullish engulfing', 'breakout line', 'evening star' - are not signals of market strength or weakness. They are bait. The patterns serve one purpose: to simulate predictability within a system engineered to be unpredictable.

These exchanges do not facilitate fair trading - they create the results. They coordinate liquidity, alter response times, and exploit order flow using tactics that give them full visibility while leaving traders blindfolded. When you enter a position based on a pattern from a textbook, the exchange already knows where your stop-loss is, where the margin breaks, and how to get you out. Every 'confirmation candle' is not a signal; it's a timed trap to close suddenly.

The illusion of control maintains the flow of traders with pattern guides, charts, and micro-movements - while the exchange profits from both sides of every failed attempt. These candle myths do not predict the future; they decorate losses.

Cryptocurrency trading is not a game of skill. It is a carefully engineered mechanism for extraction. The house always wins - not through luck, but through design. And what about the charts?