Master Lee!
What do you think of Druckenmiller's recent interview where he said that Technicals no longer apply to the equity markets?
I'm glad crypto is still organic enough to show patterns, however with this low relative volume it seems as if algo's are severely distorting patterns..
It seems as if Elliot wave, and pattern identification only reaaallly works when there's volatility (Fear/greed at it's highest amplitude).
I disagree. Technical Analysis tries to understand price action..why? Because price action is the most direct reflection of sentiment. Fundamentals are not as direct but more downstream.
Do manipulations skew the TA? They can bend the waves but can't control it.
EW can also map out the boring sideways actions also....they just aren't very tradeable. For these, we use the WXY and WXYXZ combination sequences.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That's a great question...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit