No Right Or Wrong, Just A Map!This is kind of the way that Nelson Elliott did it with his Elliott Wave theory.
We develop a map. We follow this map.
As long as the map works, is working, we continue to follow it.
If the map stops working, we adjust and adapt.
We make some updates and then continue to follow our map.
The map is not the territory.
You can use a map for navigation but the map is not the place itself, it is only a represetation of the landscape.
The menu is not the food.
Imagine going to a restaurant and eating the menu. That's because you take the theory to be the truth.
This applies to trading.
We develop a map based on the tools we have available: The candles, the indicators, the transactions and fundamentals.
It can be a solid map but this isn't the actual reality, only a tool.
We follow our map for as long as it is good.
When the map breaks down, we adapt and adjust.
When the map is doing good, we continue to follow it for as long as it works.
Our current map is doing good, so let's see how far it can take us.
We are very likely witnessing the resolution of the last bearish wave, the latest retrace. After the next low is in, we are likely to see growth for three months straight.
Previously it was 1.5 months straight up. Next time, we are likely to see 3 months or more, can be up to 6 months.
This applies to the entire Cryptocurrency (Altcoins) market.
Thanks a lot for your support.
Namaste.
