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RE: LITECOIN (LTC) is Re-Approaching the 0.618 Fibonacci Zone Which Needs to Hold as Support

in #litecoin7 years ago

These "technical analysis" don't mean a thing. crypto is a totally different paradigm. To try to apply models from the fiat sytem is flawed. I view these analysis as much as i regard star signs. Crypto's price is based in confidence and news cycles. The fiat system already has acknowledged confidence of the masses and thats why the TA's work there.. however crypto is totally different.
My brother is a forex trader and he tells me the same. To try to apply fiats tech analysis is flawed..

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