The technical analysis (interpretation) of price movement and chart patterns for ETH GBP.
The Fibonacci retrenchment instrument was used to indicate support and resistance levels from a yearly perspective. For investing follow cryptocurrency TA on the monthly or yearly. When you indulge in weekly, daily or swing trading risk significantly increases. If however you can deduce price direction from YTD your more likely to reap gains. The HODL perspective definitely use this sort of philosophy with investing. This TA wont be used for trading as the resolution of the graph is not high enough. This TA is more of a informative form of research to reassure me that my invest is following the path of profits. But either way I look for 2030 as my cash in point. I still new to Fib. Instruments so I will be studying and praticing with the analysis methods more so in this 'self-isolation period'.
Be safe, Stay healthy and Invest logically with a sprinkle of irrational.
The Fibonacci retrenchment instrument was used to indicate support and resistance levels from a yearly perspective. For investing follow cryptocurrency TA on the monthly or yearly. When you indulge in weekly, daily or swing trading risk significantly increases. If however you can deduce price direction from YTD your more likely to reap gains. The HODL perspective definitely use this sort of philosophy with investing. This TA wont be used for trading as the resolution of the graph is not high enough. This TA is more of a informative form of research to reassure me that my invest is following the path of profits. But either way I look for 2030 as my cash in point. I still new to Fib. Instruments so I will be studying and praticing with the analysis methods more so in this 'self-isolation period'.
Be safe, Stay healthy and Invest logically with a sprinkle of irrational.