You are viewing a single comment's thread from:

RE: Bitcoin will begin a trend reversal between June 22nd and July 7th.

in #steemit6 years ago

I do agree with you about the casuses of trend changes..but I think they're not 100 percent right in cryptos...Fibonaci doesn't work that certain at least in short/middle term predictions...although your prediction is probable..
Thank you @captainquenta

Sort:  

Correct, Fibonacci ratios have too wide of a distribution of success and failure on anything lower than a weekly chart. But time cycles are constant and consistent in any market. For technical analysts, the advent of the cryptocurrency markets have given us a new market that shows that it moves and responds to cycles as accurately as any other market.

Coin Marketplace

STEEM 0.17
TRX 0.13
JST 0.027
BTC 60340.89
ETH 2615.66
USDT 1.00
SBD 2.56