Technical analysis is a another form of manipulation. Here is everything I know,

STT

legendary

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Quote from: truthhood on February 21, 2019, 05:35:08 AM

No alien will meet us

Indeed question everything ?_? TA on a basic level is record keeping, statistics, counting averages. Nothing wrong with that or especially distorting but when people draw conclusions from a moving average, thats opinion.

TA can just be maths, nothing that evolved from the price especially. Extrapolation is estimating based on previous prices, its not unreasonable nor is it ever entirely accurate. I prefer stats to guessing though

Blue line is a 8 day average. Horizontal lines are % of previous highs vs lows. Green bar means it ends the (4hr) time period higher then when it started, red is a drop over this time. The lines on the bar are prices in that time seen but did not stick, the bar bottom to top being the start and end of the price move

BitHodler

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Quote from: qwk on February 21, 2019, 10:09:28 AM

If anything, not TA itself is manipulation; selling TA to others is.

It is to a large extent, but no one is forcing people to buy signals or retarded courses that cost a few hundred dollars easily. Based on that I would say that people allow themselves to be manipulated.

It reminds me of how certain forex groups have tens of thousands of members all having bought a subscription. You can steer these people to a certain asset and long or short it based on your preferred levels.

People are too stupid to understand that these "gurus" selling information wouldn't need to sell anything if they were so good at trading. People need to lose money in order to figure that out I guess.

magneto

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Quote from: qwk

If anything, not TA itself is manipulation; selling TA to others is.

Exactly.

And regardless of what the intentions of the OP is, I think that he does bring up some good points. Most of the articles that are presented by media with some sort of price prediction and the so called "analysis" are complete bogus. And I wouldn't be surprised if there was some sort of ulterior motive other than purely gaining publicity that these predictions are still being published and pushed.

I think that in any given moment, TA could probably give multiple different predictions that may completely contradict each other, depend on the way you are actually analysing. And it is this that can be used to manipulate the markets, if you can somehow get others to buy into this narrative.

LUCKMCFLY

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At the beginning of knowing bitcoin, I believed a lot in technical analysis, after having losses and losses it was impressive to get out of my mind that technical analysis is the way to win, I discovered that the best way to stop my losses was reading Wyckoff's books and Livermore, who were great Market Speculators, and according to their philosophies I apply them to the bitcoin market and it has given me good results, I managed to stop my losses and I started to understand the market, that is the way that I showed myself that the Technical analysis will never be fulfilled.

Kakmakr

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Quote from: truthhood on February 21, 2019, 10:20:41 AM

Quote from: sindikat on February 21, 2019, 07:18:36 AM

I agree with you that the basis of the cryptocurrency market is manipulation. The trend of prices on all the exchanges specify trading bots. We don't even know if they actually have that many coins to bet on or if it's just the numbers we see. The main volume of sales of crypto is done outside the exchanges. But I'm not sure that bitcoin is a Ponzi scheme. I believe in the future of bitcoin but after the opportunity to buy and sell it for dollars, it became subject to those who have a lot of dollars. They dictate prices and easily manipulate the market.

Bitcoin is not ponzi but the market is ponzi. It's a passive ponzi scheme. People blind still.

Enough. I will never be in Bitcointalk again. People are not appreciate truth here.

Good luck and dream moon tonight!

Bye.

It's a pity when people are confronted with public debate, that they cannot face the music and cut and run at the slightest sign of confrontation. Bitcointalk is there for everyone to debate interesting subjects like this and people should not shy away from a little criticism or analytical discussions like this.

Bitcoiners can never deny that there are market manipulation in Bitcoin. Does this automatically mean that it is a Ponzi scheme?

A Ponzi scheme is a form of fraud which lures investors and pays profits to earlier investors by using funds obtained from more recent investors. The victims are led to believe that the profits are coming from product sales or other means, and they remain unaware that other investors are the source of profits. Source : Wikipedia

Looking at the above definition, would you see market manipulation as a deceptive strategy to create the perception that someone is buying something that was presented as something else? Roll Eyes

pooya87

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just because you don't understand something or even had some unrealistic expectations from that thing doesn't mean that thing is a "manipulation".
in case of technical analysis you first have to learn what it is, then have realistic expectations out of it and then start talking about what it is and what it isn't. based on what you are saying in this topic, it is very clear that you have very little understanding of TA, bitcoin and its market and also you are confused about altcoins and their markets too and apparently you had some unrealistic expectations from all of this and you got burned now you are lashing out!

franky1

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Quote from: qwk on February 21, 2019, 10:09:28 AM

If anything, not TA itself is manipulation; selling TA to others is.

nice image
i call it TREND ANAL's.... emphasis on the anal
which is different from TECHNICAL analysis
.. but yea
if people are just drawing lines on a chart, where they they are just finding 2 price points to line together.. thats not technical.. thats trend.. and is just pointless

anyone who has ever had a girlfriend or wife knows. if you had sex for the last 3 weks does not guarantee your gonna get it the fourth week
if you ate pizza for the last 3 weeks doesnt mean your gonna want it as much the 4 week
if you have new born baby that peacefully slept 2 nights in a row, does not mean your gonna get it to happen every night

if you just look at a stat and draw a line. its meaningless and just poorly done trend anal

@Hakermania@

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Quote from: truthhood on February 21, 2019, 05:35:08 AM

I want to expose the truth for all of you. Technical analysis is an another form of manipulation. First of all, I run a 1 billion + crypto hedge fund and we know that TA's and news being used to manipulate your brains. Those are either promoted by pump & dump people or whales. Big TA sites like tradingview.com offer their visitors insights data for million bucks which can be used to gain lots of insights.

Sites like Coindesk and Cointelegraph has corrupt authors who offer to write articles at $20,000.00 price tag. Usually, bigger whales hire Phd Physiology graduates to research and write articles then send to those corrupt authors for publication.

We do have special fingerprinting algorithms to detect fake news in crypto sphere and the other dangerous manipulation is trading bots/software. The trading bot/software authors offer data from their software users usually at $5000.00 monthly price tag.

My honest opinion is the bitcoin market is an another ponzi scheme. Bitcoin it-self not a ponzi scheme but the market is...........

The next pump is planned to take place in Q1-Q2 range. I do have contacts with whales and manipulators. What they want is Institutional people but it's another marketing and hope hype. Whether it's Institutional or not, the expected pump will increase price upto $11,000 and back to $100.00.

This is my final warning. Don't trust anybody. The earth is an another shit hole. No alien will meet us

I believe that if bitcoin is a ponzi scheme for the reasons you have deduced then even the whole traditional financial system is a ponzi scheme and it's all s**t Grin

budiarmed

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That's because of the volatility so that the price of bitcoin becomes tidal due to the influence of demand and supply on the market. Everyone has their own beliefs, and I don't think bitcoin is a ponzi scheme.

Broly46

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0xe25ce19226C3CE65204570dB8D6c6DB1E9Df74AC

Contrary to the regulated market, bitcoin are supposed to be free market, manipulation on a free market, and you get the huge price volatility, I know some people can't accept the volatility, they want control badly, they want control price control, and 2008 tell us what a regulated market lead us to, and it is why bitcoin are born? I think TA are fine, it is part of the free market we always dream of.

KingScorpio

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Quote from: avikz on February 21, 2019, 12:12:20 PM

Quote from: truthhood on February 21, 2019, 05:35:08 AM

Quote

This is my final warning. Don't trust anybody. The earth is an another shit hole. No alien will meet us

Yes absolutely! That's how the earth is and so the people around you with common life goals. That's how we live here and continue doing so! No change will be bestowed upon us! So I am not trusting you as per your suggestions.

Did you invest in bitcoin during late 2017??

thats why people invented spiritual empires and spheres.where people believe in punishments in hell

gamer spheres with atheist gamers, are hell on earth play the video game "rust" everybody is a potential snake that out of nothing might backstab you good luck with that

bdbabiak77

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Might as well say water is wet. Also, tall people are longer than average.

TA has always tried to un-martingale a martingale - it's always been a joke. And crypto is obviously a grossly manipulated market. Of course, so is the Chinese stock market, and yet some people make money.

The small investor can only make money realizing he's small, accepting it. You're not going to out-HFT the big boys, and even if TA could work (which it can't mathematically - prices are a martingale), you would not be able to read the tea leaves faster and act on them faster than the big boys. You have to have a more realistic investment plan. And anything over 3-5% per annum would be really, really good for a small investor - don't be delusional.

I don't understand what the motivation for you posting this would be. Either educated investors agree with you, so it's a waste of time, or, you're talking to idiots who just get angry when you try to correct. So what's the point? I would imagine the only reason would be you venting about the ridiculous manipulation when you hoped-for/expected less?

KingScorpio

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Quote from: avikz on February 21, 2019, 12:12:20 PM

Quote from: truthhood on February 21, 2019, 05:35:08 AM

My honest opinion is the bitcoin market is an another ponzi scheme. Bitcoin it-self not a ponzi scheme but the market is...........

Lol! Now I understand what kind of market understanding you have got! Influencers and tech analysis is method of marketing for both crypto and real world stock market. That didn't make the stock market look like a ponzi scam so how come crypto market has become a ponzi scam?

Quote

This is my final warning. Don't trust anybody. The earth is an another shit hole. No alien will meet us

Yes absolutely! That's how the earth is and so the people around you with common life goals. That's how we live here and continue doing so! No change will be bestowed upon us! So I am not trusting you as per your suggestions.

Did you invest in bitcoin during late 2017??

he is actually right with that,

the current market manipulation by the bitcoin whales to attract desperate fomo dogs is another such ponzi scheme.

it is not a free market anyway. and it shouldnt be considered that way.

avikz

legendary

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Quote from: truthhood on February 21, 2019, 05:35:08 AM

My honest opinion is the bitcoin market is an another ponzi scheme. Bitcoin it-self not a ponzi scheme but the market is...........

Lol! Now I understand what kind of market understanding you have got! Influencers and tech analysis is method of marketing for both crypto and real world stock market. That didn't make the stock market look like a ponzi scam so how come crypto market has become a ponzi scam?

Quote

This is my final warning. Don't trust anybody. The earth is an another shit hole. No alien will meet us

Yes absolutely! That's how the earth is and so the people around you with common life goals. That's how we live here and continue doing so! No change will be bestowed upon us! So I am not trusting you as per your suggestions.

Did you invest in bitcoin during late 2017??

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: truthhood on February 21, 2019, 05:35:08 AM

I want to expose the truth for all of you. Technical analysis is an another form of manipulation. First of all, I run a 1 billion + crypto hedge fund and we know that TA's and news being used to manipulate your brains. Those are either promoted by pump & dump people or whales. Big TA sites like tradingview.com offer their visitors insights data for million bucks which can be used to gain lots of insights.

Sites like Coindesk and Cointelegraph has corrupt authors who offer to write articles at $20,000.00 price tag. Usually, bigger whales hire Phd Physiology graduates to research and write articles then send to those corrupt authors for publication.

We do have special fingerprinting algorithms to detect fake news in crypto sphere and the other dangerous manipulation is trading bots/software. The trading bot/software authors offer data from their software users usually at $5000.00 monthly price tag.

My honest opinion is the bitcoin market is an another ponzi scheme. Bitcoin it-self not a ponzi scheme but the market is...........

The next pump is planned to take place in Q1-Q2 range. I do have contacts with whales and manipulators. What they want is Institutional people but it's another marketing and hope hype. Whether it's Institutional or not, the expected pump will increase price upto $11,000 and back to $100.00.

This is my final warning. Don't trust anybody. The earth is an another shit hole. No alien will meet us

of course every party pushes the fake news trash that suits its agenda there is no neutrality.

in the end the jews might be right, and all the worlds activity is in the hands of the powerful sith lords that use the force to shape things.....

in certain condisions there are strategic buybacks in tandem with the media to attract the fomo dogs.

regards

HeRetiK

legendary

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Quote from: truthhood on February 21, 2019, 05:35:08 AM

I want to expose the truth for all of you. Technical analysis is an another form of manipulation.

---

On a more serious note, apart from sudden moves at inflection points I think the influence of TA is rather limited. Otherwise it'd be a sign that TA actually works.

posi

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Quote from: mk4 on February 21, 2019, 07:50:06 AM

I mean, it isn't new that news are potentially being used for manipulation, and I also really see that it's very very possible some YouTube TA-ers potentially going bullish just to potentially manipulate the prices upward, but I really don't know about the "special fingerprinting algorithms" and the "$5000/mo trading bot" you're claiming to have.

I believed the OP add to his statement which is another form of market manipulation as I'm consider because bot trading cost $19 to $150 per month. Aside that, every experienced cryptoneir already knew that cointelegraph, whales, fake crypto enthusiasts etc fabricated stories sometimes in other to maniplate the market.

Quote from: mk4 on February 21, 2019, 07:50:06 AM

Quote from: truthhood on February 21, 2019, 07:04:27 AM

I can prove. Easy.

What will be the next price in one quarter?
Who predicted last 2017 Dec's 20k price using TA?

Ask them. You can't use TA in trading. it sucks. you always end up losing using funny cups. Those TA gurus are so funny. They hate to hear truth. Fearful.

I personally don't do TA, but TA isn't really for predicting prices. TA is just used as a guide to be able to see if the odds are in your favor or not, regardless how big or small the probability percentages are.

Some people don't know that Technical analysis is just a way of evaluate the trend poses by the market price and volume level. This why some people believed trading and gambling are somehow similar.

dothebeats

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Everyone knows that TA in itself is really not an accurate tool to describe the future events in a market. It is a good indicator to position yourself on a given trend, though it isn't all that you need in trading. If someone sold you their own TA, then probably they are trying to instill something on your mind that the scenario they have is what's gonna happen, you should believe otherwise. The ones that are making money off of the droughts of the market are the ones selling their own predictions to the uneducated, and that's been going on for quite a long time now too.

Indamuck

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You can call every investment a pyramid/ ponzi scheme. The ones that get in early make tons of money while new investors often lose money and buy near the peak. Bitcoin is still looking good compared to the overpriced stock market and the overpriced real estate market.

truthhood

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Quote from: sindikat on February 21, 2019, 07:18:36 AM

I agree with you that the basis of the cryptocurrency market is manipulation. The trend of prices on all the exchanges specify trading bots. We don't even know if they actually have that many coins to bet on or if it's just the numbers we see. The main volume of sales of crypto is done outside the exchanges. But I'm not sure that bitcoin is a Ponzi scheme. I believe in the future of bitcoin but after the opportunity to buy and sell it for dollars, it became subject to those who have a lot of dollars. They dictate prices and easily manipulate the market.

Bitcoin is not ponzi but the market is ponzi. It's a passive ponzi scheme. People blind still.

Enough. I will never be in Bitcointalk again. People are not appreciate truth here.

Good luck and dream moon tonight!

Bye.

Topic: Technical analysis is a another form of manipulation. Here is everything I know, (Read 346 times)