Totally agree with you that they obey the laws of fibonacci and all those indicators, but crypto valuata is so much more volatil then any other form of finance. So alot of the times crypto doesn't obey these rules. Have to keep that in mind
You are viewing a single comment's thread from:
Good points to keep in mind. I've simply noticed one thing consistent: My timing sucks. But my charts are always there to remind me where I should have made a move, where I told myself to make a move, and when I do make that move, it's usually pretty close. Also, I am referring to Bitcoin and the major coins. But the tiny coins are exposed to pump and dump clubs. So you never know. I've noticed things that do not work for me are Elliott Wave. Elliot is an interpretive indicator, so one is sort of "winging" it. It gives one hope, but hope is not a strategy. I prefer to look for good moments of entry and HODL. That's where the Fib pullbacks come into play.
Thank you for stopping by :)