Technical Analysis

in #bullshit7 years ago

Reminder: If technical analysis worked, its practitioners would be making money doing that all day instead of trying to become notable by making or selling videos and courses.

You’re better off reading tea leaves; at least then you have a cup of tea to drink while you make random bets.

See also: dowsing, acupuncture, chiropractic

The null hypothesis is your friend, even if it doesn’t seem that way. :)

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Ah. I think you'll find the whales are actively supporting the spam, but simply using different accounts to hide that they're publishing it (e.g. haejin and ranchorelaxo)

Inference following Occam's Razor. the simplest explenation is usually the correct one. Why would ranchorelaxo upvote exclusively for you after investing all this money. I remember when @dan was flagging ozcharts.. What are you doing here? denying it, if it's not true why do you even care what these losers say, go make all that shill money shit money, o shit you know share your money, o shit. fuck You.

TA is mostly part of some market manipulation scheme.

food for thought

Completely right.

Hahaha, I always wondered about this, like why put in so much effort if you had the ability to use that time to game the day-trading scene. You KNOW what's going to happen, it's like telling the future. I'm sure most are just kind billionaires trying to help the rest of us.

Dowsing is too legit to quit apparently

@sneak , you came out of nowhere and you are killing it in Steem with stunning content. This truly shows that when one is dedicated success does not take long to follow.
@sneak is a straight shooter and I am glad to see that he continues to give solid advice.

Ah, I think you're forgetting the Magic 8 Ball..... I've heard it has a TA success rate of 80%.

The Magic 8 Ball is the tool every trader needs!

"Will the USD/EUR go up by the end of the week?"
"Better not tell you now"

I partially agree with you. However, you should keep in mind that other people are looking at the same charts you are looking at and, probably, are making the same assumptions. That is basically why TA works (not always, obviously). However, people selling courses are doing that beacuse there's someone who wants to buy these courses (and waste money...)

What I learned with crypto is that technical analysis alone doesn't work and markets, sometimes, simply act weird.

If it doesn’t work consistently, it doesn’t work.

Technical Analysis works, why wouldn't they want to make more money teaching it? Just adds to their trading power.

TA works very well if you buy the coins you're pumping immediately before you publish your forecasts and sell them again after your followers all pile on and drive up the price.

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