DislikedThis is a Metatrader 4 view of Bitcoin on the daily chart when the Forex market closed on Friday. Notice the volatility. In situations like this, many technical analysis indicators will not work properly. The volatility is so high that it defies Elliot wave price points, which is one of the main indicators I use. This chart shows an external retracement of a Wave 2, which blows well past the 161.8 level. The 161.8 level is for a Wave 3 target, which in a volatile market would typically retrace at 161.8. You will notice it DID retrace at that exact...Ignored
i am in a similar situation as you, due to the huge and fast volatility my system is unable to keep up with the tide.
it indicates possible turning points only late.
I'm a trend trader anyway.