Fibonacci retracement? Still my go-to. Dead simple to use, ridiculously effective.
Here's why it works: everyone's watching the same levels. That collective attention creates real support and resistance zones.
What's interesting—and I've been tracking this for a while—previous market cycles showed different behavior patterns at key Fib levels. The crowd psychology shifts, but the tool stays relevant.
Basic doesn't mean useless. Sometimes the oldest tricks in the book still print.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
3
Repost
Share
Comment
0/400
SatoshiChallenger
· 12-04 11:53
Ironically, the simpler something is, the more likely people are to overestimate it. Does collective attention create support? Data shows that's just a self-fulfilling prophecy.
Hold on, you said you've been tracking for a while—how long exactly? Did you test that during the 2023 market cycle?
Fundamentals don't mean useless, but they also don't mean always useful. The market is irrational but has memory.
I’m interested in your data—care to share it?
View OriginalReply0
GasSavingMaster
· 12-04 11:52
Ha, the part about collective psychology is spot on. It's not that the tool is awesome, it's that everyone is watching the same point together.
The basics never go out of style—simple and straightforward often makes money.
This round is definitely intense, I've bookmarked it.
View OriginalReply0
ApeWithNoFear
· 12-04 11:38
Damn, Fibonacci is really amazing. It's probably just for peace of mind, bro.
Fibonacci retracement? Still my go-to. Dead simple to use, ridiculously effective.
Here's why it works: everyone's watching the same levels. That collective attention creates real support and resistance zones.
What's interesting—and I've been tracking this for a while—previous market cycles showed different behavior patterns at key Fib levels. The crowd psychology shifts, but the tool stays relevant.
Basic doesn't mean useless. Sometimes the oldest tricks in the book still print.