Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26184.

BTCfan1

full member

Activity: 196

Merit: 100

Quote from: ?? on ??

looks to me like we could get a decent bounce here off the 61.8% retracement level ($491 on Bitfinex). what do you think guys, time to go up for a bit? nothing moon-like, though. Tongue

it's looking good to me! 504 and the order book on stamp looks healthy, 4hr MACD ~~about to cross~~ just crossed

empowering

legendary

Activity: 1078

Merit: 1441

Quote from: ?? on ??

Quote from: grappa_barricata on August 23, 2014, 07:42:08 PM

That is flawed logic.

Over 90% of golf players use golf clubs too... does not mean they are ever going to be able to play like Tiger woods or Rory McIlroy or Arnold Palmer or Greg Norman or Seve Ballesteros or any of the many many awesome professional players... and that is just one example in many many fields, of people using the same tools... but different performance/outcomes/results/wins...

grappa_barricata

full member

Activity: 154

Merit: 100

playing pasta and eating mandolinos

Moria843

sr. member

Activity: 442

Merit: 250

Found Lost beach - quiet now

T&A is better than TA, and more fun.

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: exocytosis on August 23, 2014, 07:04:27 PM

Quote from: oda.krell on August 23, 2014, 06:21:02 PM

Quote from: grappa_barricata on August 23, 2014, 02:03:59 PM

Quote from: Sandia on August 23, 2014, 01:30:08 PM

Quote from: grappa_barricata on August 23, 2014, 01:18:14 PM

Breaking 500$? What does Jesse Livermore have to say about this?

"But it is not wise to get out when the break
is the result of a raid by an operator, because the moment he
stops the price must rebound. Inverted tips."

Except we been sitting around 504 because of one guy dumping huge earlier and broke 500 support. The btc market doesn't listen to logic, sadly. A small minority think Jesse is right; the majority of traders just look at the TA.

Yeah, if TA worked i will be rich by now

I stopped using it when i realized that:
- future prices are unrelated to past prices
- indicators are only good a posteriori
- a single trade can break a 'trend'
- black swan events happens

Huh. Does that mean since I am using TA and I did get rich(er) as a result, I'm allowed to conclude TA works?

You didn't get richer because you used TA. You got richer despite using it. Correlation doesn't equal causation.

Oh, that's fine with me. You did however note that the post I quoted claims TA doesn't work because it didn't make him rich. Which, as per your own argument, makes it an invalid conclusion as well, right?

Anyway, this discussion is moot of course. TA works, and it's not really a big secret. Doesn't mean 80% of the "TA" posts in here aren't bullshit, of course.

exocytosis

sr. member

Activity: 476

Merit: 250

Quote from: oda.krell on August 23, 2014, 06:21:02 PM

Quote from: grappa_barricata on August 23, 2014, 02:03:59 PM

Quote from: Sandia on August 23, 2014, 01:30:08 PM

Quote from: grappa_barricata on August 23, 2014, 01:18:14 PM

Breaking 500$? What does Jesse Livermore have to say about this?

"But it is not wise to get out when the break
is the result of a raid by an operator, because the moment he
stops the price must rebound. Inverted tips."

Except we been sitting around 504 because of one guy dumping huge earlier and broke 500 support. The btc market doesn't listen to logic, sadly. A small minority think Jesse is right; the majority of traders just look at the TA.

Yeah, if TA worked i will be rich by now

I stopped using it when i realized that:
- future prices are unrelated to past prices
- indicators are only good a posteriori
- a single trade can break a 'trend'
- black swan events happens

Huh. Does that mean since I am using TA and I did get rich(er) as a result, I'm allowed to conclude TA works?

You didn't get richer because you used TA. You got richer despite using it. Correlation doesn't equal causation.

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: grappa_barricata on August 23, 2014, 02:03:59 PM

Quote from: Sandia on August 23, 2014, 01:30:08 PM

Quote from: grappa_barricata on August 23, 2014, 01:18:14 PM

Breaking 500$? What does Jesse Livermore have to say about this?

"But it is not wise to get out when the break
is the result of a raid by an operator, because the moment he
stops the price must rebound. Inverted tips."

Except we been sitting around 504 because of one guy dumping huge earlier and broke 500 support. The btc market doesn't listen to logic, sadly. A small minority think Jesse is right; the majority of traders just look at the TA.

Yeah, if TA worked i will be rich by now

I stopped using it when i realized that:
- future prices are unrelated to past prices
- indicators are only good a posteriori
- a single trade can break a 'trend'
- black swan events happens

Huh. Does that mean since I am using TA and I did get rich(er) as a result, I'm allowed to conclude TA works?

grappa_barricata

full member

Activity: 154

Merit: 100

playing pasta and eating mandolinos

spooderman

legendary

Activity: 1680

Merit: 1045

Quote from: Dump3r on August 23, 2014, 05:09:48 PM

Next party hard will be the 380 bounce to 450. I will post trains and rockets with you all, we will cheer and drink Tequila!

So we can go down in exultation. Party time for each 50$ bounce after 100$ drop!

Yes it has happened before, therefore it will happen again. Say hello to fractalcoin.

Dump3r

newbie

Activity: 27

Merit: 0

Next party hard will be the 380 bounce to 450. I will post trains and rockets with you all, we will cheer and drink Tequila!

So we can go down in exultation. Party time for each 50$ bounce after 100$ drop!

anujjain

sr. member

Activity: 434

Merit: 250