RE: RE: It all depends on how you draw your lines
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RE: It all depends on how you draw your lines

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6y

One person's double bottom is another person's bearish breakdown.

One person's fall wedge is another person's bull pennant/flag.

Plus, do you draw your lines from wicks or bodies?

It's all so subjective.

Technicals used like this are so subjective, indeed!

While anyone can draw a pattern and make an argument for why that pattern is right, the only thing that matters to a trader is that they make consistent money.

This is why I've tried to strip back my analysis to purely horizontal support/resistance and to view them as zones rather than hard levels. This means I only use technicals to set my risk per trade and not to make future predictions.

Anyway, bring on the Bitcoin rip higher ;)

@forexbrokr: One person's | Ecency