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BitcoinIsP2PC4$H
replied 2271d
Sk8eM dUb
Are there any references you could link which would explain these recurring pattern analysis with the ABCs and the numbers (Fibonacci)?
Sk8eM dUb
replied 2271d
Here's a bearish Gartley setting up on BCH right now. https://www.tradingview.com/x/Kf7fQ2ov
Sk8eM dUb
replied 2271d
https://www.tradingview.com/x/ArqsSUGR If it hits both boxes(see the fib levels it hits between?) you're in business. Bat entry is lower than a Gartley.
replied 2271d
Cool stuff. Thanks.
replied 2271d
It's human nature to find patterns :) AI's we design are even worst, they find patterns everywhere :)
#Cryptocoins have no "fundamentals", only fear and greed so tech analysis "works"
Sk8eM dUb
replied 2270d
Price is based on a few things but mostly human emotion - which is fairly easily predicted/manipulated. TA works because our emotions, supply, and demand are predictable.
Sk8eM dUb
replied 2271d
woops sorry, C target for the Bat was off https://www.tradingview.com/x/tKSKEL2s fixed it. Here's the entry and stop/TP levels https://www.tradingview.com/x/TDuEslai
Sk8eM dUb
replied 2270d
Here look, you might be tempted to take something like this https://www.tradingview.com/x/CwoGqcJ0 but the move up before it is too small IMO. Best is if comes from below the pattern.