I wonder untill what extent traditional trendline interpretation works for crypto, but i enjoyed your post.
I am following you.
Please check my thoughts on a crypto currency ecomomy. @weddingdresses
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I wonder untill what extent traditional trendline interpretation works for crypto, but i enjoyed your post.
I am following you.
Please check my thoughts on a crypto currency ecomomy. @weddingdresses
Thanks! as with all TA, you must get confirmation from various indicators, and trend line do work to an extent. Just a funny example, but our peak @ 20k$ was just a top of a trend line drawn in 2013 which we failed to break :)
Well i have to admit i am giving crypto quite the TA effort lately.
Yea, don't forget TA is a self fulfilling prophecy, the more traders look and follow the same indicators the higher the chance for the prediction to happen.