Simple Technical Analysis of Bitcoin and Ethereum


Life becomes complicated when you look from too close. Let's take a step back and look at the simple picture.

Fibonacci analysis for bitcoin (weekly graph)

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Resistance line for bitcoin (daily graph)

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Fibonacci analysis for ethereum (weekly graph)

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Resistance line for ethereum (daily graph)

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So, it does not seem too bad from a long-term approach.

Historical data shows that best 10 and worst 10 months in the market generate the major part of the profit/lost. It is a good idea to avoid worst 10 months, but investors tend to miss best 10 months. Perfect forecasting is impossible; therefore, do not spend all of your life on a screen. 

 

 

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