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RE: Crypto Contest Status Report XII
Maarnio - I love your analysis and have been following these contests since I discovered them last month. And you have been correct the majority of the time.
Question: Have you done any correlation to how correct your analysis was as compared to the entire crypto market as a whole?
For example, there seems to be a pattern - from
Nov 10 to 24 - the picks were all correct (breaking out) except for only 2 days.
Nov 2 thru 9 all of the cryptos stayed within range
The 3 cryptos with the wrong analysis were scattered - Nov 1, 26, 28
Thank you mgood.
In most part all the cryptos have been moving together as can be seen in the stats.
The best months have been April, May, and now again November. The entire crypto market performed very well on those months too. So I would say that just blindly buying any cryptos on those months would have been a profitable strategy. Elliott Waves are just a tool which you can use to try and map the most probable outcome.