Is it me or does TA seem to NOT REALLY WORK THAT WELL on these markets? I'm not sure if it does on other markets.
Sorry to do this fucking conversation again, I know it's been done to death, but still:
TA will have a serious ability to predict if everyone uses the same algorithms in a mundane market that is old, experienced and has little to no unpredictable events occurring. Because in a market like this, if everyone thinks something is going to happen, then it undoubtedly will.
However bitcoin is new and groundbreaking and therefore its market SURELY is far more at the behest of real world occurrences.
I laugh when I see people talking about legit TA. Seriously, someone needs to compile all the failed attempts and predictions.
Sorry to do this fucking conversation again, I know it's been done to death, but still:
TA will have a serious ability to predict if everyone uses the same algorithms in a mundane market that is old, experienced and has little to no unpredictable events occurring. Because in a market like this, if everyone thinks something is going to happen, then it undoubtedly will.
However bitcoin is new and groundbreaking and therefore its market SURELY is far more at the behest of real world occurrences.
I laugh when I see people talking about legit TA. Seriously, someone needs to compile all the failed attempts and predictions.
It was a joke, to follow your words though, I'd like to propose to take a look here and justify your causes a bit better.
https://bitcointalksearch.org/topic/can-i-predict-the-value-of-btcusd-372346
Cheers.
