The prices they jerk off over are mainly based on exchanges run by crooks, children or both at the same time.
Even if there was something to it, you can't do much when a tiny number of people have control over the price and can move it at will.
I think this year is when we finally might see the emergence of a market that's somewhat based on reality.
Topic: So has bitcoin proved once and for all that TA is a pseudoscience? (Read 681 times)
January 04, 2015, 08:59:38 AM
Well I don't know whether it is pseudoscience. There actually are patterns that repeat pretty reliably. At least the old effect of the self-fulfilling prophecy is real: If a lot of people believe in TA and watch similar indicators, they're bound to do the same thing at the same time, resulting in the outcome they expect.
January 04, 2015, 08:53:47 AM
doing TA with clear eye on fundamentals is not pseudoscience but these bulls here forgot to look at the fundamental data - they exclusively look at charts so it fails.
Also, I think if you try make predictions w TA you're doing it wrong. All I use it for is to tell me the present by looking at the past.
January 04, 2015, 02:57:07 AM
doing TA with clear eye on fundamentals is not pseudoscience but these bulls here forgot to look at the fundamental data - they exclusively look at charts so it fails.
January 04, 2015, 01:49:33 AM
even those people who spent hundreds of pages discussing TA trying to predict btc price are now mostly gone.
I use TA and I always predicted a bear market. But to be fair by bearish didn't come from TA, it came from just observing this scene. And reminded me of the penny stock scene
January 04, 2015, 01:48:22 AM
even those people who spent hundreds of pages discussing TA trying to predict btc price are now mostly gone.
Where did we go?
I stopped posting my charts because it began to move the market due to front running my calls. Luc still posts when the action is here. S3052 felt the need to bump his thread today because the action returned... It's just that sideways ranges makes trading boring and the draw down grow. The whole spec forum quiets down during low volatility. It's nothing new.
January 04, 2015, 01:39:19 AM
even those people who spent hundreds of pages discussing TA trying to predict btc price are now mostly gone.
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