Date: 2019-06-18
Update: the CTO of TradingView told Cointelegraph in comments that the reports of a bug were inaccurate, and the Twitter user partially withdrew his earlier claims that the tool was broken. Popular chart analysis service TradingView reportedly contains a bug in the Fibonacci retracement technical analysis tool, according to a tweet by self-proclaimed certified Elliott wave analyst Cryptoteddybear published on June 13. The Elliott wave principle is a type of technical analysis for predicting prices in financial markets by looking at recurring patterns. In a video that he uploaded to YouTube, the analyst explains that the tool does linear calculations when in logarithmic charts, which he notes is a significant issue for Elliot wave traders. T...
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