Quote from: cryptoperkele on Today at 07:38:42 PM

It all depends on the situation, there are no right answers as TA brings just brings options to choose from. Sometimes price bounces from specific MA, sometimes from fibonacci lines, sometimes it doesn't follow anything that happened before.

I rather listen to my gut and to the exact opposite what my gut says. I admit i rarely have balls to do that but that's how i try to operate.

Yes, of course all TA is speculative and its all a fugazi (https://www.youtube.com/watch?v=hAQA_29Htts) lol. But don't you think if the price was to move past an open-low MA line on the weekly and/or monthly timeframes it would be a good indicator of a dip? It would be saying 'this price movement is more negative than average for this period of time'. If you had alerts on both it could tell you 'this price movement is more negative than an average week within a more negative than average month". Yes, the market could continue to fall but you'd know it was a better than average call...