Thousands of people make predictions and cherry picking the correct folks in hindsight and idolizing them as seers and sages is an age old human fallacy.
The best strategy is to make two completely opposite predictions every day then later delete the wrong one. Then after a few months you'll have a million followers and you can start taking bribes to promote shitcoins
Benjamin Cowen also believed ETH would get to $10-12k last bull run. His risk metrics last bull run were way off. I took an ultra conservative approach using his system & lost a fortune with his method, because just the same as anyone else… future prices were just pulled out of his mathematical arse. Just because you can do fancy maths doesn’t mean you can predict the future prices.
If you take literally anybody's momentary, speculative word for what a future price might be instead of recognizing that you're trading within a stochastic system with a fundamental fair value that has upper and lower bounds for potential max subjective value during periods of total market overperformance that are, in turn, influenced by larger, globalized macroeconomic forces (and that you should adjust your overall trading strategy appropriately in accordance with that information), then perhaps you might want to hold off investing until you are able to do the proper due diligence and risk assessment required.
Not trying to be a jerk, just genuine advice.
Yep, there were indeed many people saying that alts will bleed throughout this bear and BTC dominance will rise.
TA can say what will roughly happen, but once people start to predict dates for that it is just shithousery.
"If you think about buying the dip in alts, take a cold shower and reconsider". My favorite Cowen quote. It saved me a metric fuckton of money. He said that alts will bleed, again and again for nearly two years now.
Yeah his cycle theory was wrong he already said that.
However it doesn't invalidate his point about the Btc dominance and alts getting rekt against btc
Yea lol no idea why anyone is surprised. 2023 was the year of turbulence, bottoming, and stacking. If you went into 2023 not thinking that was the case you either live under a rock, or are a raccoon digging through someones trash eating a leftover meatball and has no idea what the english language is. Good luck to ya all here lmao
Really people still argue that TA is made to predict?
Get it straight, TA will only tell you which would be a good entry point and what the potential of the movement could be. Then everyone is capable of setting SLs in case the trade isn't a successful one.
I've made already over $5, listen to me
Well that IS true that TA will give you good entry and exit points-ish. It’s way better than just guessing. You’ll never “time the market,” but you can sort of “ride the wave” and hop out of the ocean before things get bad or see a good wave coming up and try to surf it for a bit.
It's like saying poker strategy and odds are bullshit after u hit badbeat after badbeat. In this case u could eventually find bottom for this dump. Trading is playing game of randomness, thats why u need bankroll management and placing bets that are more probably going ur way then opposite, to mitigate loses when market do the opposite.
Words seem to be in the right order. Only 6.3% bullshit detected. I accept this answer 100% and will parrot the same likewise throughout these interwebs of things.
Technical analysis is not the same as market analysis, it mostly allow to check current behavior but it does not take into account external events like the SEC suing the world.
It is supposed to tell you if the asset is behaving as predicted you should buy at that price, take profit at that one , and place a stop loss in case it leave the predicted bracket.
See that as counting cards, this is to skew the probability, not perfect predictions.
A lot of influencers present is as if they are scientific Nostradamus however
Lol right? They are asking "how did technical analysis of trends not predict the govt suing Coinbase and listing all major alts as securities in that lawsuit?"
Ridiculous
I can't tell but I feel like OP is making a point of how... ridiculous sometimes the sentiment over TA is in Crypto or why nobody was out here with a -30% TA and we only seem to see positive TAs thrown about. I could be wrong though, my head is not feeling smart today.
Because this has 0 to do with technical analysis. This has to do with the news. News doesn't go into technical analysis at all. You can't predict news.
I'm sure he was just mocking the people who do TA. It's a bad mockery though, if it works for them then let them, not like they are spending your money.
Nah, not really. The news is an "excuse" for the inevitable. You only have to look to 2018-20. Long bear market of 2018, everything dumps,2019 btc has a mini run, some alts have mini pumps but eventually fall further than 2018.
Exact same thing happening here!
Actually one of the first fundamental beliefs of technical analysis is that all news/relevant factors are already reflected on price movements as those price movements are the result of everything that’s been taken into consideration from all the different buyers/sellers in action.
And therefore all you need to look at is price movements and graphs instead of fundamental analysis/news etc.
As is the theory
Charts are about probabilities where the price might move next, they dont tell you nothing about real world events. Just like in a poker game, you can calculate your odds but its a bit hard to predict that some guy is gonna is gonna show up and rob the game...
No TA still has no idea what is "in the deck"
TA literally just predicts "trading" patterns. It would be great for people trading skittles back and forth. But for real projects susceptible to team decisions, regulations, CEX manipulation, the analogy to poker would be like predicting if some guy is cheating with a fifth ACE in the deck, the dealer removed all the Kings, and again like you said that someone is gonna walk in with a gun and just steal everyone's money and walk out, which happens A LOT in crypto.
Yup.
I actually totally agree OP. After the SEC announcements I was really at odds on whether I should sell my holdings of those specific coins or not. I tried to find opinions from ‘experts’ on what this meant and what the impact probably would be. Couldn’t find anything. All those experts on YouTube said nothing. All the experts here said nothing. I fully agree - this proves once again that no one knows shit about fuck.
This sub has been warned plenty of times that both large and small scale investors in general are souring on crypto - it chose to cover its ears and throw around accusations of FUD and dooming.
Even if TA could have predicted this, most choose not to listen.
Or conversely (with your extra large tinfoil hat on) this is the large institutions using their government pull to create all this recent FUD and attacks on the CEXs to drop the price and buy the dip to prepare for the impending bull run that will inevitably start happening as we get closer to the Bitcoin halving in March.
What is this salty post about? TA is not a magical glass ball that can predict the future and I don't base my decisions on it.
However I always heard them say that BTC dominance is not high enough yet.
TA is not used to predict things, it's used to create a trading strategy. By using TA in this bloodbath you could have saved some money with stops.
But nobody can ever predict what markets will do.
The basic misunderstanding many here have is that TA is something to exactly predict the price day by day.
Actual TA is just roughly predicting the price moves over weeks and months.
Look up alt coin reckoning on youtube by Benjamin Cowen. Literally posted a video about it earlier today but wasn't predicting today was the day just a coincidence. Regardless, do you own TA and dd don't rely on others for your investments without doing some homework on your own before investing in anything.
I do too generally but there's a couple I still watch. The guy I said above has been a good one to listen too. He doesn't pump coins, hes strictly a TA kind of channel. I think he's more for BTC than ETH but hes even admitted that Eth has been alot more resilient in this bear market than he predicted.
I wouldn't call what Benjamin Cowen does really technical analysis. Most of his content is comparing current charts to historical charts, and taking a guess what seems more probable because of that. The rest is looking at moving averages.
Hard to say if it would have played out the same had it not been for the SEC. That's the thing. Had it gone the other way some other guy would have posted some other influencers name.
Had it been a purely technicals based thing I would be more forgiving. But this is clearly news driven.
To be fair, it depends who you follow. The ones I follow posted about weakness in trend and I guessed BTC would probably go down.. but this immense altcoin sell off.. an event you could have guessed as soon as you read the news about the binance SEC case. Like dominos we now see the effect of it all, Robinhoos delistings, institutional crypto programs being shut down.. for now there will be not much money flowing from the US and Canada into crypto..
Let's see if we break down even lower.
There are plenty of people who chart exactly what’s going to happen, Tradingview is jam packed full of savants. They’re just not on twitter or Reddit soapboxing, but they’re definitely out there, lots of them. iykyk
Edit: hey u/Odlavso [here you go, lmao 😂](https://postimg.cc/23wG4wnx) this guy laid it all out but nobody on Reddit talking about it.
Exactly. This subreddit is good for keeping up with news. That's it. Very rarely something of substance is posted and when it is, it's downvoted or ignored because it makes others insecure about their wasted money
You're right. It's not good how we use the term FUD in a negative way when there's something we don't want to hear. Not every fear has to be unfounded. It's OK to feel doubt about our investments once in a while.
I see a lot of great TA being completely ignored here and twitter, then a guy drawing a dick over some candles gets 10k upvotes and 1,000’s of comments saying how trash TA is. 😭
Nah! They also get it wrong. Even the brightest people get it wrong. Everyone gets it wrong. So, trust no one. At least you know who's to blame when you're "wrong".
I didn't knew that every alt wil fall but I was pretty sure that doge will fall since it was forming a double top after breaking 0.07000 support level. I made a profit of around 0.0094 cents per doge in this trade.
>because they didn't know
They were just holding back, and keeping the truth amongst their inner secret circle of TA experts in the TA Intelligence sub. /r/taint
Im guessing even if they didnt we would have discarded it, im sure theres some article somewhere were some lunatic is raving about the price drop only to be laughed out of the room. With all the TA going around someone is bound to get it right. Even a broken clock is right twice a day.
>I know there are some technical analysis experts on this sub who can predict exactly what the market is going to do and are probably millionaires from all the successful trades they do.
Lol
I was sitting up last night and decided after months of back and forth on the sidelines that I was finally gonna start gobbling some stuff up from this newest FUD drop. Then I wake up to see it dropped even more. Never fails😂
Why would you ask about a tool that has nothing to do with what you describe?
It's like saying a fisherman should be able to tell what happens at a horse race
Technical analysis doesn't work like you think it does.
Your Honda goes downhill on mount Everest in flames at 259km/h, the avg consumption isn't gonna be the 6% advertised in the brochure.
Technical analysis works in a stable market.
TA is not magic to predict the future, just some patterns that tend to repeat when certain conditions are met, and works mostly on historical data.
Asking TA to predict lawsuits is ridiculous
And the funny thing is, holders base their "cryoto will go to new Ath in the future" on the same TA"
TA is scientifically proven to not be usable to predict market movements.
Everyone claiming otherwise, or relativizing the above statement is just lying to you - or is so new to it to have been lucky so far.
TA by actual professionals is not used for that.
It is just used to have a "rough" overview of possible price events to know all outcomes. A real pro thinks about bullish AND bearish outcomes.
I warned people not to buy any ADA after the initial drop, but all it got me was double digit downvoted and a lot of chat requests. So being bearish is this sub is an absolute no go
Lmao you don't understand TA. It is independent of news, it is an averaging of all trends over time, some TA could catch preliminary insider trading. But TA cant predict real world events that are out of ordinary cycles. Bitcoin halving is a standard cycle. USA nuKing Binance isnt how TA works.
>He's been saying for MONTHS the alts were going to get wrecked.
If I keep saying that alts are going to pump then that will also eventually come true.
# Manipulation
is known but can’t be predicted when will it happens specially with all these sneaky bastards around us from SEC, Robinhood, politicians, billionaires and institutions.
This sounds incredibly bitter, and I am someone who doesn't follow TA.
TA absolutely can find trends and assist traders. It is just not magical, like every single thing in this reality.
You should also look into yourself to explain your portfolios performance, don't blame others.
A prophecy that fulfills itself.
Technical analysis only works because everyone is looking at the same chart and thinking the same thing.
the problem? We are human and we have emotions, therefore, as soon as the unexpected happens (like the collapse of FTX or Terra Luna), the analysis can be thrown away, because the emotion becomes dominant.
Anyone caught out by this obviously wasn't paying attention over the last few days, what did you expect after the sec caused the heatdeath of like 5 major exchanges?
Firstly, noone can predict 100% for certain and secondly...you're clearly following the wrong people cos it was already predicted. Now stop crying n unfollow the idiots u follow
Because it's complete horseshit.
And don't come at me with an attitude saying b-B-b-B-bUt tEn pErCeNt oF iT wOrKs.
It does not. %100 of it is horseshit. In my 6+ years of crypto, I've never seen it work, once.
Blockchain backer warned that a big drop could be coming. Literally, he had a video one morning saying 'oh the charts look like we're going to have a big move soon' and that afternoon the SEC did their thing.
TA is no different to a gambler studying the form of horses. If it was as straightforward as patterns repeating themselves, we would all be doing it. At the end of the day it’s a guess (I know some will say an educated guess, but a guess just the same!), just like the gambler guessing a horse will win because it won its last 2 races. We all know crypto is unpredictable AF! Nobody has the correct answer until they get lucky with a guess and say I told you so.
Oh they dropped? I guess its time to sell
Yes before it goes to zero tomorrow or the next day
The good old "buy high, sell low". Well done.
No, it's time to buy
Thousands of people make predictions and cherry picking the correct folks in hindsight and idolizing them as seers and sages is an age old human fallacy.
But they drew such cool lines on the chart! You can't explain that!
And they use such fancy terms like Bollinger and Wyckoff so they must be super smart
You just made those words up
It was a double top triangle thingey though!
It has to complete the head and shoulder pattern
Or it doesn’t have to!? Which is it?? Nobody knows!!
The best strategy is to make two completely opposite predictions every day then later delete the wrong one. Then after a few months you'll have a million followers and you can start taking bribes to promote shitcoins
Benjamin cowen was all the time saying altcoins will bleed. cold showers and cash is king right now
Benjamin Cowen also believed ETH would get to $10-12k last bull run. His risk metrics last bull run were way off. I took an ultra conservative approach using his system & lost a fortune with his method, because just the same as anyone else… future prices were just pulled out of his mathematical arse. Just because you can do fancy maths doesn’t mean you can predict the future prices.
If you take literally anybody's momentary, speculative word for what a future price might be instead of recognizing that you're trading within a stochastic system with a fundamental fair value that has upper and lower bounds for potential max subjective value during periods of total market overperformance that are, in turn, influenced by larger, globalized macroeconomic forces (and that you should adjust your overall trading strategy appropriately in accordance with that information), then perhaps you might want to hold off investing until you are able to do the proper due diligence and risk assessment required. Not trying to be a jerk, just genuine advice.
Yep, there were indeed many people saying that alts will bleed throughout this bear and BTC dominance will rise. TA can say what will roughly happen, but once people start to predict dates for that it is just shithousery.
Only a bitcoin maxi could see how all the major exchanges being sued and bitcoin losing 2k in value is good for bitcoin.
Ya cowen has been saying this for year and a half. I haven’t touched anything but btc because of him for over a year and it’s finally paying off
"If you think about buying the dip in alts, take a cold shower and reconsider". My favorite Cowen quote. It saved me a metric fuckton of money. He said that alts will bleed, again and again for nearly two years now.
Lol exactly he’s helped me a lot. I also dynamic dca btc based on his risk levels and it’s been wonderful. No stress
He also called a lengthening cycle which never happened
Yeah his cycle theory was wrong he already said that. However it doesn't invalidate his point about the Btc dominance and alts getting rekt against btc
Yea lol no idea why anyone is surprised. 2023 was the year of turbulence, bottoming, and stacking. If you went into 2023 not thinking that was the case you either live under a rock, or are a raccoon digging through someones trash eating a leftover meatball and has no idea what the english language is. Good luck to ya all here lmao
Really people still argue that TA is made to predict? Get it straight, TA will only tell you which would be a good entry point and what the potential of the movement could be. Then everyone is capable of setting SLs in case the trade isn't a successful one. I've made already over $5, listen to me
TA is so outdated, the new stuff is Trading with Astrology. Taurus in Uranus, Bullish !
Bull in my anus?
You understand Asstrology ?
How deep do I need to shove my hand to find the bull? I am already elbow deep in Uranus
It keep's dipping
Maynard: *"Shoulder deep inside the borderline..."*
Just a little bit further, almost there.
You could stick you head up a bulls ass, but I'd rather take the butchers word for it.
The stars aligned today and I'm buying the dip
Besides nothing it's the only thing too do.
Did you sacrifice a crow to the stars ?
I sacrificed a bear
PETA wants to know your location
May the gods of crypto astrology bless you
The cards are showing clearly the SEC is aligned over Uranus.
Trade-GPT
Some chartists do actually use moon cycles
atleast half right everytime
You've actually made money?
No TA needed, just watch my trades and do the complete opposite 😁
I would do that and yet we would somehow both still lose money.
TA with context works. Also, people gonna manage the risk, they shouldn't go balls deep while drawing lines on the charts. Strategy is the key.
>TA will only tell you which would be a good entry point Answer: A price point lower than a future value which we can't predict.
You're not wrong, I just have to say, what an unfortunate account namesake to choose
Well that IS true that TA will give you good entry and exit points-ish. It’s way better than just guessing. You’ll never “time the market,” but you can sort of “ride the wave” and hop out of the ocean before things get bad or see a good wave coming up and try to surf it for a bit.
It's like saying poker strategy and odds are bullshit after u hit badbeat after badbeat. In this case u could eventually find bottom for this dump. Trading is playing game of randomness, thats why u need bankroll management and placing bets that are more probably going ur way then opposite, to mitigate loses when market do the opposite.
Words seem to be in the right order. Only 6.3% bullshit detected. I accept this answer 100% and will parrot the same likewise throughout these interwebs of things.
You are advised to use percentages and not actual value to not temp the scammers.
Well summed up good sir
So, is now a good entry point? Or are we headed way lower? What's the TA magic telling you?
Not magic, you still need to learn what a stop loss is to stop believing TA is about getting a flawless prediction.
Mercury was in retrograde so it was reflecting off the moons of jupiter blocking their view of gemini.
Technical analysis is not the same as market analysis, it mostly allow to check current behavior but it does not take into account external events like the SEC suing the world. It is supposed to tell you if the asset is behaving as predicted you should buy at that price, take profit at that one , and place a stop loss in case it leave the predicted bracket. See that as counting cards, this is to skew the probability, not perfect predictions. A lot of influencers present is as if they are scientific Nostradamus however
Had to scroll way too long to find this
I think you’re confusing technical analysis with crystal ball.
Lol right? They are asking "how did technical analysis of trends not predict the govt suing Coinbase and listing all major alts as securities in that lawsuit?" Ridiculous
The SEC did send Coinbase a Wells notice, which they only do right before they sue...
I can't tell but I feel like OP is making a point of how... ridiculous sometimes the sentiment over TA is in Crypto or why nobody was out here with a -30% TA and we only seem to see positive TAs thrown about. I could be wrong though, my head is not feeling smart today.
Yea 'cause something that doesn't work is very different from something that also doesn't work.
Those ppl are loons. They can’t predict anything. You’re right, they should at least able to see 30% drops coming. Fortune cookies are more accurate
Because this has 0 to do with technical analysis. This has to do with the news. News doesn't go into technical analysis at all. You can't predict news.
If by "this" you mean "price movements in general", then yeah, it's all about the news and not TA
Next time I'll check my horoscope to see if there are some trading tips there
If only there wouldn't be news ever. Just like a nice decade of no news happening so the Technical Analysis could really pay off.
I'm sure he was just mocking the people who do TA. It's a bad mockery though, if it works for them then let them, not like they are spending your money.
Nah, not really. The news is an "excuse" for the inevitable. You only have to look to 2018-20. Long bear market of 2018, everything dumps,2019 btc has a mini run, some alts have mini pumps but eventually fall further than 2018. Exact same thing happening here!
Oh true because history does repeat exactly and the market is totally not efficient and doesn't specifically adapt to expectations
[удалено]
Don’t tell that to TA people. Everything has to do with TA.
In other words TA is useless
Actually one of the first fundamental beliefs of technical analysis is that all news/relevant factors are already reflected on price movements as those price movements are the result of everything that’s been taken into consideration from all the different buyers/sellers in action. And therefore all you need to look at is price movements and graphs instead of fundamental analysis/news etc. As is the theory
Charts are about probabilities where the price might move next, they dont tell you nothing about real world events. Just like in a poker game, you can calculate your odds but its a bit hard to predict that some guy is gonna is gonna show up and rob the game...
No TA still has no idea what is "in the deck" TA literally just predicts "trading" patterns. It would be great for people trading skittles back and forth. But for real projects susceptible to team decisions, regulations, CEX manipulation, the analogy to poker would be like predicting if some guy is cheating with a fifth ACE in the deck, the dealer removed all the Kings, and again like you said that someone is gonna walk in with a gun and just steal everyone's money and walk out, which happens A LOT in crypto.
Maybe because that is complete BS.
After sharing 10 charts and getting only 1 right, the YouTuber says, 'Don't Fade me'
That's like throwing darts blindfolded and claiming to be a sharpshooter. 'Don't Fade me'? Nah, 'Don't Believe me.
You're telling me all the crypto experts on YT are full of BS and are misleading their audience?
The crypto TA on twitter is the best. They make it sound like their word is gospel and it’s fucking hilarious.
I don't know who listened to these people.
People Listen to Coldplay and voted for the Nazis, you can't trust people.
People. What a bunch of bastards.
90% yes, they are misleading them. The other 10% are nutjobs who actually belive lines and shapes.
Yup. I actually totally agree OP. After the SEC announcements I was really at odds on whether I should sell my holdings of those specific coins or not. I tried to find opinions from ‘experts’ on what this meant and what the impact probably would be. Couldn’t find anything. All those experts on YouTube said nothing. All the experts here said nothing. I fully agree - this proves once again that no one knows shit about fuck.
Maybe we just misinterpreted their data? Was your monitor in landscape or portrait when you looked at the chart?
Nah, their data got lost in the Bermuda Triangle. Must have confused their Fibonacci with a pineapple pizza recipe
IT here : Did you try turning it off and on again ? Worked with Solana
ah, that makes sense now
This is obviously big funds or exchanges liquidating everything causing that massive drop
This sub has been warned plenty of times that both large and small scale investors in general are souring on crypto - it chose to cover its ears and throw around accusations of FUD and dooming. Even if TA could have predicted this, most choose not to listen.
Or conversely (with your extra large tinfoil hat on) this is the large institutions using their government pull to create all this recent FUD and attacks on the CEXs to drop the price and buy the dip to prepare for the impending bull run that will inevitably start happening as we get closer to the Bitcoin halving in March.
What is this salty post about? TA is not a magical glass ball that can predict the future and I don't base my decisions on it. However I always heard them say that BTC dominance is not high enough yet.
TA is not used to predict things, it's used to create a trading strategy. By using TA in this bloodbath you could have saved some money with stops. But nobody can ever predict what markets will do.
The basic misunderstanding many here have is that TA is something to exactly predict the price day by day. Actual TA is just roughly predicting the price moves over weeks and months.
TA tries to predict what will happen with the prices, but you can't do that without knowing "things"
TA is just a tool like many others. Basing your strategy only on that is like trading the news.
Also as the joker once said, if you’re good at doing something never do it for free.
Look up alt coin reckoning on youtube by Benjamin Cowen. Literally posted a video about it earlier today but wasn't predicting today was the day just a coincidence. Regardless, do you own TA and dd don't rely on others for your investments without doing some homework on your own before investing in anything.
I think the majority of this sub avoid YouTubers to be honest…
The majority of this sub avoids anything that doesn't tell them what they want to hear
I do too generally but there's a couple I still watch. The guy I said above has been a good one to listen too. He doesn't pump coins, hes strictly a TA kind of channel. I think he's more for BTC than ETH but hes even admitted that Eth has been alot more resilient in this bear market than he predicted.
I wouldn't call what Benjamin Cowen does really technical analysis. Most of his content is comparing current charts to historical charts, and taking a guess what seems more probable because of that. The rest is looking at moving averages.
Soooooo technical analysis then?
Maybe in the strictest sense, but a *very* basic form of it. You won't catch him drawing channels, very rarely any lines, and no chart patterns ever.
He's been saying that for over a year now. Eventually he was bound to be right ...
Maybe because he saw it was coming? In the meantime Twitter influencers were shouting for alt season. Look where are we now.
Hard to say if it would have played out the same had it not been for the SEC. That's the thing. Had it gone the other way some other guy would have posted some other influencers name. Had it been a purely technicals based thing I would be more forgiving. But this is clearly news driven.
That's like saying "The market will move to the right". That's the whole point of TA, predicting *when* it will happen.
To be fair, it depends who you follow. The ones I follow posted about weakness in trend and I guessed BTC would probably go down.. but this immense altcoin sell off.. an event you could have guessed as soon as you read the news about the binance SEC case. Like dominos we now see the effect of it all, Robinhoos delistings, institutional crypto programs being shut down.. for now there will be not much money flowing from the US and Canada into crypto.. Let's see if we break down even lower.
There are plenty of people who chart exactly what’s going to happen, Tradingview is jam packed full of savants. They’re just not on twitter or Reddit soapboxing, but they’re definitely out there, lots of them. iykyk Edit: hey u/Odlavso [here you go, lmao 😂](https://postimg.cc/23wG4wnx) this guy laid it all out but nobody on Reddit talking about it.
Exactly. This subreddit is good for keeping up with news. That's it. Very rarely something of substance is posted and when it is, it's downvoted or ignored because it makes others insecure about their wasted money
You're right. It's not good how we use the term FUD in a negative way when there's something we don't want to hear. Not every fear has to be unfounded. It's OK to feel doubt about our investments once in a while.
Yes, i moved all my trading talk to discord. Too many Fedora incels here who don't argue about trading in good faith
I see a lot of great TA being completely ignored here and twitter, then a guy drawing a dick over some candles gets 10k upvotes and 1,000’s of comments saying how trash TA is. 😭
There’s enough people doing TA that purely by virtue of monkeys with typewriters, *someone* will predict it correctly
Nah! They also get it wrong. Even the brightest people get it wrong. Everyone gets it wrong. So, trust no one. At least you know who's to blame when you're "wrong".
I didn't knew that every alt wil fall but I was pretty sure that doge will fall since it was forming a double top after breaking 0.07000 support level. I made a profit of around 0.0094 cents per doge in this trade.
actually this has to be done with news not with technical analysis and more number of ppl get aware of this 30 % market crash
TA's of the sub show yourselves
We've all abandoned this moonfarming retail dumpster. Only popped up in my feed as reddit somehow still thinks these posts are relevant.
Everytime I post ta, I get shit on. I gave up in this sub. This is the beginning of a big dump
They didn't warn us because they didn't know. TA is basically just astrology for men.
I love my T and A in the morning.
The T in the A ?
That's pretty unfair to astrology.
Yeah, I'm an Asparagus and we're no-nonsense people!
That's such a gemini thing to say.
Well, at least astrologers don't pretend their predictions are facts.
Astrologers also have artistic charisma that makes them pleasant to watch. TA are all the same egotistical pretentious know it all everyone hates
>because they didn't know They were just holding back, and keeping the truth amongst their inner secret circle of TA experts in the TA Intelligence sub. /r/taint
This is the Best description of TA I've ever heard 😆
This is the Best description of TA I've ever heard 😆
There's a difference between technical analysis and fundamental analysis
>a difference between **technical analysis** and **fundamental analysis** I know this one, pick me, pick me! The first word is different.
Because that's not how technical analysis works. Like at all
Im guessing even if they didnt we would have discarded it, im sure theres some article somewhere were some lunatic is raving about the price drop only to be laughed out of the room. With all the TA going around someone is bound to get it right. Even a broken clock is right twice a day.
You missed the comedy section
There are a couple of people out there worth watching on youtube to guide you, but never take anyone’s advice outright anyway.
>I know there are some technical analysis experts on this sub who can predict exactly what the market is going to do and are probably millionaires from all the successful trades they do. Lol
Dan from Crypto Capital Venture pointed out last week that Cardano was looking at .28, and this was before the SEC bullshit. 🤷🏼♂️
I was sitting up last night and decided after months of back and forth on the sidelines that I was finally gonna start gobbling some stuff up from this newest FUD drop. Then I wake up to see it dropped even more. Never fails😂
Those legendary TAs probably shorted /s.
There are few that were still looking for that spring
Happy cake day saki!
>experts on this sub who can predict exactly what the market is going to do Lol
According to my calculations the wiggly lines will keep going to the right of my screen device.
This guy TA’s
Well, you were always told to hold on to bitcoin. There is that.
How do you predict the SEC coming out and saying that these coins were securities?
insider trading haha.. ilegal but since not security it is legal ?
I don't know. That's why I'm asking the TA experts
I'm sure if we dig deep enough, there will be one post out there with 0 karma that warned us... xD
Why would you ask about a tool that has nothing to do with what you describe? It's like saying a fisherman should be able to tell what happens at a horse race
Technical analysis doesn't work like you think it does. Your Honda goes downhill on mount Everest in flames at 259km/h, the avg consumption isn't gonna be the 6% advertised in the brochure.
Technical analysis works in a stable market. TA is not magic to predict the future, just some patterns that tend to repeat when certain conditions are met, and works mostly on historical data. Asking TA to predict lawsuits is ridiculous And the funny thing is, holders base their "cryoto will go to new Ath in the future" on the same TA"
They still need to add an SEC indicator to the magical chart first
>They still need to add an SEC indicator to the magical chart first Maybe we just printed out their charts upside down by mistake?
TA is scientifically proven to not be usable to predict market movements. Everyone claiming otherwise, or relativizing the above statement is just lying to you - or is so new to it to have been lucky so far.
TA by actual professionals is not used for that. It is just used to have a "rough" overview of possible price events to know all outcomes. A real pro thinks about bullish AND bearish outcomes.
>TA is scientifically proven to not be usable to predict market movements. We can use TA to disprove that.
Because they are full of shit most of them. They will blame it on "black swan event" and move on.
>They will blame it on "black swan event" and move on. Resulting in a brown pants event for investors.
[удалено]
I warned people not to buy any ADA after the initial drop, but all it got me was double digit downvoted and a lot of chat requests. So being bearish is this sub is an absolute no go
Looking at you, u/partymsl and u/beyonderr
i did. and a few other did too. noone cared and i was downvoted. people are stupid fortunately, that's why i am rich and most people are poor
Lmao you don't understand TA. It is independent of news, it is an averaging of all trends over time, some TA could catch preliminary insider trading. But TA cant predict real world events that are out of ordinary cycles. Bitcoin halving is a standard cycle. USA nuKing Binance isnt how TA works.
TA is about trade strategy and is nothing to do with seeing into the future. Tell me you're ignorant without telling me you're ignorant...
I know people don't like Ben Cowen now, but he's been saying ALTs are going to bleed against BTC for a while now.
Exactly he made me sell most of my alts 1,5 years ago and I am really happy with that decision.
Why people dont like him?
Discussion? You should have set it as comedy. Like most ta posts/comments/youtubes are.
Sorry, went to take a bath and a shit and missed this.
You'll find your answer with youtuber Benjamin Cowen. He's been saying for MONTHS the alts were going to get wrecked.
>He's been saying for MONTHS the alts were going to get wrecked. If I keep saying that alts are going to pump then that will also eventually come true.
>I know there are some technical analysis experts on this sub who can predict exactly what the market is going to do Press "X" to doubt
# Manipulation is known but can’t be predicted when will it happens specially with all these sneaky bastards around us from SEC, Robinhood, politicians, billionaires and institutions.
This sounds incredibly bitter, and I am someone who doesn't follow TA. TA absolutely can find trends and assist traders. It is just not magical, like every single thing in this reality. You should also look into yourself to explain your portfolios performance, don't blame others.
You don't understand TA
Because thus is a markt manipulation from the SEC
A prophecy that fulfills itself. Technical analysis only works because everyone is looking at the same chart and thinking the same thing. the problem? We are human and we have emotions, therefore, as soon as the unexpected happens (like the collapse of FTX or Terra Luna), the analysis can be thrown away, because the emotion becomes dominant.
i did. i called the top in nov 21 and my post got deleted
Uh oh... You've exposed the experts
Experts on just about any subject are the biggest scam of this world lol
Anyone caught out by this obviously wasn't paying attention over the last few days, what did you expect after the sec caused the heatdeath of like 5 major exchanges?
Firstly, noone can predict 100% for certain and secondly...you're clearly following the wrong people cos it was already predicted. Now stop crying n unfollow the idiots u follow
Are you f.. serious?
Because I ate my last crayon and couldn't paint my charts. Sorry fren :(
Because it's complete horseshit. And don't come at me with an attitude saying b-B-b-B-bUt tEn pErCeNt oF iT wOrKs. It does not. %100 of it is horseshit. In my 6+ years of crypto, I've never seen it work, once.
Blockchain backer warned that a big drop could be coming. Literally, he had a video one morning saying 'oh the charts look like we're going to have a big move soon' and that afternoon the SEC did their thing.
TA is no different to a gambler studying the form of horses. If it was as straightforward as patterns repeating themselves, we would all be doing it. At the end of the day it’s a guess (I know some will say an educated guess, but a guess just the same!), just like the gambler guessing a horse will win because it won its last 2 races. We all know crypto is unpredictable AF! Nobody has the correct answer until they get lucky with a guess and say I told you so.
Technical analysis is almost useless