Published on: October 4th, 2021 • Duration: 42 minutes
Rekt Capital, cryptocurrency trader and technical analyst, spends his days immersed in charts. He dives deep into the technical analysis of Bitcoin, educating viewers on how to interpret it. From Fibonacci growth patterns to wicks and candles, Rekt brings all the knowledge one could hope for to the table. Rekt’s primary chart, showing a logarithmic scale of Bitcoin’s price growth dating all the way back to 2013, demonstrates an interesting pattern in human psychology. We find that behavior is shockingly predictable, and trends today were mirrored in 2013, despite the price being a fraction of what it is today. Rekt provides us with some interesting insights behind why certain trend lines are so important and what it is about the human mind that leads to capitulations at peaks and heavy buying at the dips. Interviewed by Ash Bennington on September 23, 2021.