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RE: The Effectiveness of "Pivot Trendlines", Using Bitcoin's Current Price Data

in #bitcoin7 years ago

I hear ya and I agree on the artist comment. That's true of all TA, really.

This ABC correction strategy certainly makes sense. Basically a relatively high probability reversal, "counter-trend" trade or "trend-continuation" after correction, however you prefer to look at it.

I can definitely see your method complementing my own style very nicely, especially since I'm pretty sure that I already intuitively read the market similarly to your EW method, probably from having so much experience with reading charts and noticing patterns.

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