@webmi, Elliot Waves work! Personally I use Fibonacci to determine the Elliot Waves and MACD. Don’t hate on the Elliot Waves. What indicators do you use and what is your success rate? I have about 80% success with EWT the %20 left is not due to failure of my analysis but failure of myself sticking to the plan.
@webmi, I have a different wave count than this and the fibs line up with the top of this previous wave. I was just curious how the author came up with it. You can draw waves all day but obviously they can go to the 261.8 362.8 or 461.8. The 161.8 is a conservative and pretty normal level to reach. Crypto is still a market just more volatile. Do what works for you. Profit is profit. Doesn’t matter how you get there as long as you do.
Just forget about Ellit,... All of you just post and post new analysis, till one is right and you are heroes. Just stoped it! It is crypto. Break outs, RSI, DMI, Stoch, News,... This is not wall street