Quote from: aardvark15 on November 16, 2019, 02:12:22 PM

Quote from: Superalgos on November 11, 2019, 10:30:37 AM

Ever wondered why some bitcoin traders are drawn to go out scalping every fast-rolling wave gliding across the screen while others will sit in the comfort of the beach clubmojito in handand play the tide instead?

Surfers play by feel, remain cool under pressure and make the most out of their instincts...

Chess masters are analytical freaks, follow hard rules and always stick to their trading system...

Which side do you lean towards the most?

Either way, it's a hilarious read!! Trading Bitcoin: Chess Masters vs. Surfers

The problem for me with Elliott Waves and other charting tools is that it is very complicated and takes years of practice to really understand how to read them. For novices like me, I look for more long term trading opportunities.

It is not even about understanding technical analysis because it was created for stable markets and for short-term trading. Bitcoin is high risk market and has too much volatility. I think that using technical analysis on the cryptocurrency market is associated with a similar risk as flipping a coin.