As a result of Altcoin analysis, I've become even more skeptical of stock analysis.
Disclaimer, I inves^H^H^H^H^H gamble 5 digits in both types and half-heartedly follow stock news (and now Xcoin news).
It's a psychological game with vaguely real underpinnings, all this stuff.
Sure, Bitcoin is a bubble, many altcoins are a scam and many people are going to lose their shirts. But let's not pretend that stock market trading is that much better. For the skeptical, I beseech you to look at Seeking Alpha stock commentaries and analyses.
The difference between BTC and Stocks is rather fundamental.
Stocks entitle me to a portion of the profits (aka: the Dividend) and a company vote each year. Believe it or not, directly controlling a company and grabbing a portion of the profits of said company has real value.
I do realize that technical analysis is just psychology applied on a statistical / price level, but I still fundamentally distrust the methodology for some reason.
Still, props to Bloomberg for referencing studies (even if I don't like how those studies are done). Maybe if these "indicators" are right, they'll eventually convince me to start using technical analysis myself...