As a foundation to my theory - this chart shows crypto to be the new Gold regardless of predictions by talking heads.
Fundamentally, most disasters are man made, usually when we see ourselves as God. That is a whole other topic. COVID itself being man made is not as important as the power grab by ideologists (the bane of mankind) and the restriction of freedoms and trade. Volatility will remain high based on government manipulation to the point of collapse.
My theory is this - that unrestrained supply and demand of crypto as an asset gives credibility to the use of Fibonacci retracements in crypto trading when it comes to order timing.
The charts that follow show how Fib retracements based on unique chart characteristics can give insight for price action and risk analysis.
My assumptions are;
* Volatility regime consistent
*Algorithm trading still fear/greed based, not driven totally by AI, yet
*Market manipulation not feasible in crypto by design
For everything there is a season, hope this helps your situational awareness regarding price action and risk analysis
Grace and Peace
Fundamentally, most disasters are man made, usually when we see ourselves as God. That is a whole other topic. COVID itself being man made is not as important as the power grab by ideologists (the bane of mankind) and the restriction of freedoms and trade. Volatility will remain high based on government manipulation to the point of collapse.
My theory is this - that unrestrained supply and demand of crypto as an asset gives credibility to the use of Fibonacci retracements in crypto trading when it comes to order timing.
The charts that follow show how Fib retracements based on unique chart characteristics can give insight for price action and risk analysis.
My assumptions are;
* Volatility regime consistent
*Algorithm trading still fear/greed based, not driven totally by AI, yet
*Market manipulation not feasible in crypto by design
For everything there is a season, hope this helps your situational awareness regarding price action and risk analysis
Grace and Peace