Sweet post. Curious about your thoughts on Elliot Wave Theory and how that applies to crypto markets. I know a lot of people swear by it and say that TA is more pure in crypto trading. I really just started learning TA last year but have been thinking about getting into Elliot Wave. Also thats for the resteem!
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I’ve never gotten into EW as it’s highly subjective. There is no mixing up a support/resistance level, but a wave count can be done a ton of different ways.
Very true. That is the main thing I have been struggling with in my understanding of EW is just how to count the waves. Seems like too much room for error to judge things. Are there any certain indicators that you like to rely on?
I don’t trade with indicators. Just purely price action around support/resistance levels. I’m al about keeping things simple :)