I know some people may say that technical analysis does not work on cryptocurrencies and that’s entirely their opinion. But I don’t share that belief. I believe that cryptocurrency charts tell a story, like any other financial market. All financial markets move in swings and as traders we need to understand which swing we are trading and who is in control.
I have devoted a lot of my time to understanding price action, it fascinates me and as a trader, I am using my skills to find good opportunities to buy coins.
So I wanted to open a thread to share some of my observations and analysis
Here’s the first chart, talking about how a major swing is often made up of minor swings and when you observe the middle of a major swing, you can often find ‘balance points’ around the mid-point.
So I am watching to see whether BitCoin is carving out a Major swing low here, after completing it’s second half
