I don't see it that way, Hive account@cryptobroye. I think that BTC and other virtual assets (VA) AKA cryptocurrencies cannot be charted as with stocks or other financial instruments due to its small market size and can be easily manipulated and has been - pump and dump happens a lot - just look at the volume spikes on any VA / CC charts.
Looking at it more closely, as I have when buying or selling, sometime it is so obvious that some traders are entering and then cancelling orders in an attempt to take advantage of others who are not actively trading or investing. In times like these, I'll apply one of my rules and set it and forget it.
For most people, with stakes less than $10,000 on each VA / CC - just one BTC approximately - what is to gain or lose for the time watching and trading even when you catch the top and the bottom on one swing?
Doing so might gain a few hundred or even a few thousand dollars and then what if you are wrong? You give it all back the next time or more. Or, you sold or shorted and totally missed out on the explosive upside?
I know the feeling - in 2016 when BTC came down from over $1,000 to $400. I wanted to buy but didn't - trying to time the market (violating my own rules - not developed back then). I then watch it went up to $700, then to $1,000. BTC prices never come back down to where I initially wanted to buy but was waiting for a lower price.
So, that is why I set my rules:

https://steemit.com/trading-rules/@freedomshift/7-rules-for-trading-investing-hodl-virtual-assets-aka-crypto-currencies