Quote from: Crypt_Current
Astrologically, Bitcoin does seem to be as significant as a second coming of a resurrected christ.
LOL
Topic: Technical analysis is total bunk. - page 4. (Read 8191 times)
LOL
The point of learning TA is that some believe in it, like astrology! Price action is the sum of praying and nerves.
We are trading minds here, you are absolutely right.
We are trading minds here, you are absolutely right.
https://bitcointalksearch.org/topic/wow-bitcoins-astro-birth-chart-is-full-on-75955
I think there is some legitimacy in it, in that it gives you a mathematical framework with which to analyze the market. It's not perfect and you'd be foolish to rely on it alone, but it does give some insight into price and volume fluctuations that price data alone cannot give.
The point of learning TA is that some believe in it, like astrology! Price action is the sum of praying and nerves.
We are trading minds here, you are absolutely right.
We are trading minds here, you are absolutely right.
I spent many years learning and using TA. Squiggly lines from the past will never predict what price will do in the future.
How many "technical analysts" trading bitcoins have lost out on profits because of a crossover or divergence in any number of indicators? Large traders that can move the market, will buy and sell when they feel it benefits them or their organization. It's not because of some squiggly lines on a chart. The squiggly lines only tell you what has happened, not what's going to happen. Technical analysts are a lot like problem gamblers. They always talk about their wins but they never talk about their loses. This is especially true of any TA subscription service. Avoid them and save your money / bitcoins.
PRICE and only PRICE should dictate your actions as a trader.
How many "technical analysts" trading bitcoins have lost out on profits because of a crossover or divergence in any number of indicators? Large traders that can move the market, will buy and sell when they feel it benefits them or their organization. It's not because of some squiggly lines on a chart. The squiggly lines only tell you what has happened, not what's going to happen. Technical analysts are a lot like problem gamblers. They always talk about their wins but they never talk about their loses. This is especially true of any TA subscription service. Avoid them and save your money / bitcoins.
PRICE and only PRICE should dictate your actions as a trader.
Jump to: