$BTCUSD
Looking at the 3 major dips and volume shift ... $7k interesting level. Keep in mind Gox whale had big hand in this bearmarket.pic.twitter.com/xZSOWOTXge
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Ah ok
AT this big timeframe EW doesnt work at all
I don’t see why it wouldn’t
The point of TA isnt prediction. That goes for EW too.
what is the point of TA?
Analyzing probabilities to manage risk, finding the right entries and exits for trades. If X then Y setups. Not 'Let's hope for XYZ otherwise I'm screwed' setups.
Agreed. I’m just going further and theorizing if ABCDE, then FGHIJ. I haven’t acted on this analysis tho, just forecasting possible outcomes
Look up Jason Jenkins on Youtube. His model is time-based, focuses on cycles, bands, top-down analyses. the best forecasts don't come from trendlines, they come from understanding cycles.
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