But since BTC and ETH, for example, reached their tops, we move into a considation period. During this time Fibonacci is really useful for guessing what level of retrace we get. BTC bounced at around the 50% level; ETH bounced at around the 50% level a few weeks earlier, and since that didn't hold I was completely expecting it to hit the next fib level down at around $150 (it went slightly lower, but still close). Once all this bouncing stops, then I agree, EMA and MACDs will be the things I'll be looking at more than Fibonacci or triangle patterns.
But still, EMA and MACD are always important too I'd say. The complication right now is that they are sending conflicting signals. The 1-day charts are very bullish imo (MACDs just gone green & EMAs holding); whereas the 1-week charts are very bearish (MACDs just gone red)! Because of this my plan right now is to only do limited trading, I.e. Trading bounces, but not looking to follow the trend because it isn't clear yet imo!!
Update: Just noticed after that segwit spike, the 1 week MACD for BTC is back to green again :). Can it last? I really don't know :)
thanks a lot, your answer made things a lot clearer to me.