Patrick Tan
1 min readApr 17, 2019

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Dear John,

Thank you for reading my work and contributing to the discussion.

You’re absolutely right — given the dearth of data in cryptocurrency markets, with whatever data that does remain available of highly suspect quality, a purely “technical analysis” or markets is an exercise in futility.

Given the number of snake oil salesmen and self-styled “consultants” which came out of the ICO bubble, it’s somewhat unsurprising that many have difficulty contending with the truth that they “have no idea.”

Perhaps the best way forward in this space is to acknowledge one’s ignorance and to keep an open mind.

Thank you for your comments and as always, any errors and omissions remain strictly mine.

Yours,

Patrick

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Patrick Tan
Patrick Tan

Written by Patrick Tan

General Counsel for ChainArgos, the blockchain intelligence firm made famous for breaking the story that BUSD was unbacked by US$1.4bn

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