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TagsHow does the 50 retracement rule affect cryptocurrency price movements?
Tanya SrinivasJan 14, 2022 · 3 years ago1 answersCan you explain how the 50 retracement rule influences the price movements of cryptocurrencies? What is the significance of this rule and how does it impact the market? Are there any specific examples of cryptocurrencies that have experienced price changes due to this rule?
1 answers
- At BYDFi, we also take the 50 retracement rule into consideration when analyzing cryptocurrency price movements. However, it's important to note that this rule is just one of many tools and indicators that we use. We also consider other factors such as market sentiment, fundamental analysis, and news events. It's always important to have a comprehensive approach to trading and not rely solely on one rule or indicator.Jan 14, 2022 · 3 years ago
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