wow, Luc, this video was even better than all the other videos you have been posting. Thank you so much for your insight!
I have one question, however. I read the ZEC/EUR chart on Kraken a while ago and realized that everytime the RSI climbed over some value for a one hour stick (I don't remember exactly, unfortunately), it always retraced by at least 8 Euros or something similar, so about 4% or similar at that time. I know this is not too much, but I liked my odds and sold my coins to buy back in a little lower. It worked our perfectly. Can't stuff like that be used efficiently? I mean, I don't care about some random indicator showing me random stuff, but if histroy proves that everytime the indicator showed a certain thing, something else happened, I guess using that indicator to my advantage is exactly what you are telling us in reading the charts, isn't it?
And with the number of crappy indicators available, won't certain indicators be more reliable on some charts and show the same kind of regularities the chart itself shows? In particular if used in a way similar to the one described above?
Thanks for your help :)
Any reoccuring pattern that you can find on a chart gives you an advantage.. But do you really need an over bought signal from an RSI to tell you where on the chart it dipped? I would think you probably could trade that same chart without the indicator, quite effectively..