INSUBCONTINENT EXCLUSIVE:
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
The official Twitter account of the company behind the charting service answered his tweet, announcing that the issue is being investigated,
five years ago (in November 2014) on consumer community platform getsatisfaction, have been reportedly ignored by the company
are right, we have a planned task to fix this
Cryptoteddybear claims that a company representative told him that he asked the technicians to increase the priority given to solving the
strongest-performing cryptocurrencies and tokens.At the beginning of the current month, cryptocurrencyanalytics company Coin Metrics
announced that it has acquired digital asset index firm Bletchley Indexes and plans to launch crypto smart beta indexes.As of press time,
TradingView has not responded to a request for comment.
