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RE: Sideways Market, not looking good

in #bitcoin7 years ago (edited)

I look at EWs a lot when they can be easily discerned, and that's often possible even on the 1 minute scale. But sometimes EWs are not ideal, there will be interruptions in waves, there will be crippled ones, and to try and still count them as valid while refusing to use other methods and general market mood is a bit autistic and sometimes bizarre.

So I use a mix of Fibonacci, Gann and trend line, and comparison with what happened in a similar wave pattern maybe a year ago. It's enlightening what limits and patterns crypto price development follows once you try all of these, and just keep the ones that work in a special situation.

Haejin just uploadad his morning update and he's haaving the same wet dream we're having ;)

Image11.png

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Agree. At times like this you gotta dig to the bottom of the tool box. Find you might not have the right spanner and figure on a new tool or getting creative.

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