Always here to drop some quotes, facts or opinions to consider when making decisions.
The methods that traders use in the stock market work better then the same methods applied to crypto. There may not be a statistic out there to prove this, however if you notice around you a lot of youtubers, people here on trading view, and I all use some of the methods applied in traditional markets. Example: waves, Fibonacci, readings, , etc.
BTC is however a little manipulated at the moment, so these theories and tactics become a lot more difficult and less predictable. This being the case, then the best thing I believe you should be doing in this situation is look into the past. There will be time for a lot of these methods, but for now you should be looking at previous graphs of BTC , DOTCOM, any examples of market crashes or corrections in the past. What is the reason for these crashes? How far do these crashes retrace? These examples are what bring me to my conclusions.
Remember BTC is around 20x - 30x faster than the stock market, The crash of DOTCOM looks almost identical to this BTC bubble crash.
I'm not an expert on the crypto market, but was Ash Ketchum an expert? Or was he a boy who wanted to be the very best?
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