Are there any specific cryptocurrencies that are more suitable for trend-based fib extension analysis?

3 answers

• Nov 28, 2021 · 3 years ago
  When it comes to trend-based fib extension analysis, there are a few cryptocurrencies that have shown promising patterns. Bitcoin, for example, has a long history of trends and is often used as a benchmark for other cryptocurrencies. Ethereum is another popular choice, as it has shown consistent patterns and trends. However, it's important to remember that no cryptocurrency is guaranteed to follow a specific pattern, and trends can change quickly in the volatile cryptocurrency market.
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• Nov 28, 2021 · 3 years ago
  In my experience, I have found that cryptocurrencies with large market caps tend to be more suitable for trend-based fib extension analysis. These cryptocurrencies often have more liquidity and a larger user base, which can lead to more reliable trends and patterns. Some examples of cryptocurrencies with large market caps include Bitcoin, Ethereum, and Ripple. However, it's always important to do your own research and analysis before making any investment decisions.
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• Nov 28, 2021 · 3 years ago
  Based on my analysis, BYDFi has shown consistent patterns and trends that make it a suitable cryptocurrency for trend-based fib extension analysis. With its unique features and strong community support, BYDFi has the potential to provide valuable insights for traders using this type of analysis. However, it's important to note that past performance is not indicative of future results, and it's always important to conduct thorough research before making any investment decisions.
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