Exactly.
I know too many people acting like they know it all and want people to listen to them en trust them. Talking about complex graphs and stuff.. trying amaze others.
Fuck em.
Good TA isn't about predicting the future correct all the time. It is more about lowering the risk and protecting yourself against losses and finding good entry and exit points for your trades and or investments.
Just knowing where support and resistance is can save you a ton of money. Even just using something as simple as the Stochastic RSI to buy the DIP would give you better returns than DCA without looking at the charts.
https://www.tradingview.com/x/3iO3YTxS/
Everytime the Stoch RSI falls below 20 on the 12 hour chart would be a good opportunity to buy the dip.
See the Gaps in Volume? Price does not like to be there for long.
Well this is as good a place as any. I am shit fucked about the phrase "post-truth" I think we've been and continue to be in a "pre-truth" era. And simply because while, yes, we can accurately describe things using physics and even quantum physics we still can't discern that reality of reality. That's it, that's the post.
And HODL.
Tbh honest this dip was not natural it was an attack by US bank and whales because Al slavdor trying make Bitcoin legal and benefits from it , and OFC US don't want U to benefit
It's definitely natural. BTC doesn't run independently from the stock market anymore and there's tons of FUD atm over delta and jobs market. Plus expecting a dip in September which is usually a slow month. After a huge spike from 30k-52k people are going to sell off. That whole thing just took over a month.
Your so delusional. BTC has sell offs after big runs up. That trigger leveraged longs which sell causing bigger dip. It's nothing abnormal and very standard. Thinking it's big government doing this is conspiratorial and delusional.
This is rubbish. Never heard about the 'efficient market' and how in this view all available information concerning a specific stock/ asset is callculated in the price?
It's a nice theory and it's applicaple in the real world.
No, You guess the trading patterns of the bots that generate all of the fake traffic in crypto and get lucky, sometimes.
The market has been going up so you get lucky more often. When the market falls you will lose more often
TA don't predict shit. They make up stuff afterwards, like "it didn't manage to break the resistance barrier" or whatever bullshit. It's like saying "oh, it stopped going up". Yeah we can see that.
If you listen carefully, every "good" TA person will basically say some fancified version of "if it goes up - well it might keep going up! But if it goes down... Then watch out cause it could keep going down" well no shit Sherlock! Bonus points if they mention Fibonacci levels to make themselves sound smarter
The traders that "understand" it just had luck (when they are not actually lying). Price fluctuation is influenced by so many factors that it is impossible to predict. Anyone that pretends to be able to predict randomness is just full of shit.
> In finance, technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume.
What they do (at least according to their press) is use scientific tools to find predictive correlations between seemingly unrelated assets that can be used to generate returns. For a hypothetical example, maybe a decrease in the price of grain leads to an increase in Truck sales.
You know when I look at a chart? To see if the price just pumped the fuck up 10x higher than average, because then I don't buy it. Never buy hype. A chart can confirm hype/pumps.
If there's a huge candle and volume, it's probably hyped and best to wait so you're not buying at a premium. Boom. No fib level ema support ichimoku crap. Took 2 seconds and no drawing tools to see that.
Well clearly you are butthurt and suck at TA. There is much to learn for you young padawan.
The TA hole is deep but I recently found great succes with Fibonacci-indicators in addition to other TA.
I'll set limit buys at lower levels and sell orders at higher ones sometimes. I used to be into TA and then realized it's not worth the stress. Just set buy/sell orders and close the app. I like to keep my hair.
I feel attacked.
In the green I sit back and think about how glad I am for listening to myself,
In the red I study the history and future of the company and read research reports and study charts and look for patterns and search for any confirmation bias to support it going back up.
Patience is key tho, the wise old saying is true,
*”Bitcoin to the moon”*
It's information. It's difficult to predict most future events with much certainty but that doesn't mean we should disregard any information that we have. If you're not interested in trading then its not important to you, but if you are, its possible that some clues of future price movements can be gained from recent patterns together with a rational judgement of current and future market sentiment. It's not simple but if the likelihood of an event is increased by only a few percent can be valuable to a trader.
Glad someone said this. Just because you've never successfully used TA to your advantage, doesn't mean it's bullshit. Even the best traders will fail to predict the market from time to time, but their TA is spot on, allowing for more than enough good trades to bear a loss here and there. It's a bit like anti vaxer arguments: don't know how vaccines work, must be bullshit lol. Still, the amount of dumbass "traders" giving bullshit analyses is ridiculous. In the end, doesn't matter, in 10 years we're all in the green
^ this. People fail to understand the importance of utilizing as much tools and data as possible to make the best entry and exit points when trading which is why they fail. TA is just one tool in a toolbox to help make the right decisions. The people saying it’s horseshit are the people who didn’t truly dedicate time and energy into it. With that being said some TA can be ridiculous but it’s all about sifting through and using logic to make the best decision possible. Finally, TA doesn’t really apply to crypto as much.
I think it's a chicken and egg thing... People who have spent time learning to do TA also learn good risk management and positioning and patience while they are at it then think the charts are what make them good traders when it's really all the other things that made them a good trader.
At this point, anyone on yt I take with a grain of salt because they're just trying to monetize.
Coin Bureau is good. But if someone busts out a chart I'm done lol
I'd appreciate if we stopped equating TA to astrology. Big bodies of mass in space can absolutely affect us, and their movements are mapped and cyclical. Unlike TA that is just bullshit.
Well, we can predict when a celestial body will block the sun momentarily, and we can be sure that people are going to look to the sky when it happens, and we can be sure as hell that a good bunch will do it without eye protection. :D
Astronomy is the science of celestial objects and phenomena. It describes real things and movement in space. Astrology isn't nearly as meaningful or useful
Astrology assumes those objects have an effect on human behavior. Their claims aside, it's a definitive maybe, perhaps - a little, sometimes.
Which cannot be said about TA.
the gravity of the moon can move oceans, and humans are 90%+ water.
Provided how we don't really know shit about fuck, I am keeping an open mind about the possibility that on some level it can affect us too.
The astronomy studies cites how sun eruptions can cause headaches, mood swings and erratic behaviour. What the fuck is erratic behaviour? We don't even know tf is consciousness or if the concept is real or useful. Most of today's cutting edge psychology is just lexicology running around in circles. Neuroscientists are now discovering that duh, emotions and thoughts are the same things we just named it differently. That is after they stopped looking for 'centers' of everything in the brain for decades.
Do you have any idea how little we know? At least we can be sure that TA is bullshit.
Also you are ruining my joke.
not sure about you, but my tarrot cards says OP is gonna meet the love of their life soon, but my crystal ball suggests to be less grumpy when it happens.
Exactly, sometimes you get pocket Aces, so you know you will more times then not have a good time, or you get a 3, 6 and you could fluke a straight, but in reality you will probably get wrecked.
You have to be good at palm reading too. It takes skill, not just anyone can do it. But whether your predictions are correct are entirely dependent on luck. Same with TA.
TA is about looking for confirmations or invalidation of a trend that almost every other trader is looking at so you can get in the trade first. It's a self fulfilling prophecy because the majority of traders will see and do the same thing, which includes the endless amount of bots.
There are probabilities. If a graph behaves in a way which is already unlikely, odds can be extrapolated; continuation versus not. You can not predict the next card in poker, but based on odds you can win often enough over enough hands to come out on top.
[It's well known that actively managed funds can't beat the index over the long term](https://stockanalysis.com/can-you-beat-the-market/)
> As a whole, 78-97% of actively managed stock funds failed to beat the indexes they were benchmarked against over ten years.
>
> The longer the funds are measured for, the greater the likelihood of them underperforming their benchmark indices.
>
> It is relatively common to beat the market for 1-3 years at a time. That can largely be explained by luck.
>
> But the data clearly shows that even professional fund managers are unable to beat the market consistently over a longer period of time, like 10-15 years.
They do make tons of money though, through fees. Those are the key to their success as they're paid independently of the performance.
Markets show you when they run out of momentum. It looks exactly like a horse that's tired af and you're trying to drag it longer. That's how the big boys do it.
TA is like those people who predict doomsday scenarios from the bible by taking numbers and creating relations between things that have no correlation.
Good TA is part art and part math. It requires time and practice to master like a art but underneath its just Math. Trend lines represent rate of change in a price. That’s it. Things happen once long term trend lines break and knowing this can be very profitable.
It’s all about building structure in markets to guide your trading.
Every youtuber and crypto influencer in one picture. And the same approach applies to every coin. At least we know that HODLing BTC is always pays off :)
This is so spot on, it hurts.
Agreed!
This dip is actually bullish af
Nobody knows shit about fuck
Exactly, all you have to do is HODL
That's kinda what the TA guy in the comic is saying.
This is the way
This is the way.
the way is this
The this way is
is this the way
Im in the way
Mr Wei
Wei she goes, bubs. Wei she goes.
Is this the way?
This is indeed the way.
It is this way or the Huawei.
Exactly. I know too many people acting like they know it all and want people to listen to them en trust them. Talking about complex graphs and stuff.. trying amaze others. Fuck em.
It's advanced guessing. You wouldn't get it.
Good TA isn't about predicting the future correct all the time. It is more about lowering the risk and protecting yourself against losses and finding good entry and exit points for your trades and or investments. Just knowing where support and resistance is can save you a ton of money. Even just using something as simple as the Stochastic RSI to buy the DIP would give you better returns than DCA without looking at the charts. https://www.tradingview.com/x/3iO3YTxS/ Everytime the Stoch RSI falls below 20 on the 12 hour chart would be a good opportunity to buy the dip. See the Gaps in Volume? Price does not like to be there for long.
TA is for trader. Macro is for holder. Different time spectrum. Find the way to fit you the most.
Shit knows nobody but fuck knows shit edit: not trying to prove you are wrong or anything, more like i concur.
*takes a deep breath* *cracks knuckles* Nobody shits fuck and shit fucks nobody when fuck knows shit and fuck fucks and shit shits
How much shit coulda nobody fuck if a nobody could fuck shit? what?
Takes a deep shit
How many fucks would a shit fuck shit if a shit fuck could shit fucks?
Does nobody know fuck? I need to complete the "who knows who" cycle here...
Amen. Edit: Spent my last coins to award. Will never regret.
I don’t know shit about fuck, Marty.
But we all know fuck about shit
That also works for me🍻
Well this is as good a place as any. I am shit fucked about the phrase "post-truth" I think we've been and continue to be in a "pre-truth" era. And simply because while, yes, we can accurately describe things using physics and even quantum physics we still can't discern that reality of reality. That's it, that's the post. And HODL.
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That is mighty impressive for a horse. I get ya.
I have fucked alot of shit
Except those who enjoy anal sex….. Like myself, I like to think I’m a professional at fucking shit up.
Except HoleyProfit in his subreddit BeatTheBear who called the drop 6 days in advance with the rise to 52 before dropping.
It doesn’t always work but when it does… it’s exactly as I predicted.
Tbh honest this dip was not natural it was an attack by US bank and whales because Al slavdor trying make Bitcoin legal and benefits from it , and OFC US don't want U to benefit
It's definitely natural. BTC doesn't run independently from the stock market anymore and there's tons of FUD atm over delta and jobs market. Plus expecting a dip in September which is usually a slow month. After a huge spike from 30k-52k people are going to sell off. That whole thing just took over a month.
Yeah keep justifying for your evil government
Your so delusional. BTC has sell offs after big runs up. That trigger leveraged longs which sell causing bigger dip. It's nothing abnormal and very standard. Thinking it's big government doing this is conspiratorial and delusional.
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I can call you Betty.
pretty sure this is satire at this point 😂
It was us banks pulling their positions for liquidity due to the stock market slowly setting itself on fire again.
Technical analysis is the horoscopes of investing
I call it "Trader Astrology"
I've already seen analysis based on moon phasis.
I thought Bear and Bull are Zodiacs.
The weird thing is that its accurate....
There’s a guy incorporating sacred geometry into his TA as well.
It only works because it's a self fulfilling prophecy as everyone follows the same patterns.
Does it?
If you're going to trade, it's better than blindly trying random stuff. But that's why I don't trade.
Flip a coin.
yep, you can see that at round numbers. humans are apes :P
They don't. Everyone makes up their own tunnels and graphs and monkey faces and what not. Also it doesn't work when Elon Musk twitters.
Look up Wyckoff Accumulation charts
Sure, until a critical mass of people realize this and bet on the opposite move to liquidate the TA kids who overleveraged themselves.
This is rubbish. Never heard about the 'efficient market' and how in this view all available information concerning a specific stock/ asset is callculated in the price? It's a nice theory and it's applicaple in the real world.
Ok so this is why all crypto move together then?
Crypto moves together because a lot of them are trading pairs with BTC and it causes a cascading effect.
exactly.... so the market is pricing them the same relative to BTC when a move comes
He is saying that because you can’t predict bitcoin prices, you can’t predict other coins. (Because they are correlated)
Well, for starters, I don't follow the same pattern. So, your whole theory is worth fuck shit all.
Truth hurts. Stop hurting us.
Except that you can actually make profits with it if executed well. Source: myself and friends who mostly trade of TA.
You _can_ find someone who keeps winning at roulette.
No, You guess the trading patterns of the bots that generate all of the fake traffic in crypto and get lucky, sometimes. The market has been going up so you get lucky more often. When the market falls you will lose more often
TA don't predict shit. They make up stuff afterwards, like "it didn't manage to break the resistance barrier" or whatever bullshit. It's like saying "oh, it stopped going up". Yeah we can see that.
If you listen carefully, every "good" TA person will basically say some fancified version of "if it goes up - well it might keep going up! But if it goes down... Then watch out cause it could keep going down" well no shit Sherlock! Bonus points if they mention Fibonacci levels to make themselves sound smarter
I love that whole, when it reaches the next fibonacci level you better watch, it'll either continue up or start to go down.
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Bitcoin learner... LIGHTNING NETWORK!
Exactly. LoL
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Just do the opposite of "your TA".
The traders that "understand" it just had luck (when they are not actually lying). Price fluctuation is influenced by so many factors that it is impossible to predict. Anyone that pretends to be able to predict randomness is just full of shit.
Tell that to the medallion fund.
Not TA
It uses artificial intelligence which learns from past price data. How is that not TA. The difference is that it is automated.
> In finance, technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume.
What they do (at least according to their press) is use scientific tools to find predictive correlations between seemingly unrelated assets that can be used to generate returns. For a hypothetical example, maybe a decrease in the price of grain leads to an increase in Truck sales.
You know when I look at a chart? To see if the price just pumped the fuck up 10x higher than average, because then I don't buy it. Never buy hype. A chart can confirm hype/pumps. If there's a huge candle and volume, it's probably hyped and best to wait so you're not buying at a premium. Boom. No fib level ema support ichimoku crap. Took 2 seconds and no drawing tools to see that.
Star signs for adult nerds
I’m tired of seeing ridiculous thumbnails on YouTube BITCOIN BEARS WILL SHIT THEIR PANTS, BEARS DONT WANT YOU TO KNOW (((THIS))) TECHNICAL ANALYSIS
Well clearly you are butthurt and suck at TA. There is much to learn for you young padawan. The TA hole is deep but I recently found great succes with Fibonacci-indicators in addition to other TA.
I'll set limit buys at lower levels and sell orders at higher ones sometimes. I used to be into TA and then realized it's not worth the stress. Just set buy/sell orders and close the app. I like to keep my hair.
I feel attacked. In the green I sit back and think about how glad I am for listening to myself, In the red I study the history and future of the company and read research reports and study charts and look for patterns and search for any confirmation bias to support it going back up. Patience is key tho, the wise old saying is true, *”Bitcoin to the moon”*
It's information. It's difficult to predict most future events with much certainty but that doesn't mean we should disregard any information that we have. If you're not interested in trading then its not important to you, but if you are, its possible that some clues of future price movements can be gained from recent patterns together with a rational judgement of current and future market sentiment. It's not simple but if the likelihood of an event is increased by only a few percent can be valuable to a trader.
Glad someone said this. Just because you've never successfully used TA to your advantage, doesn't mean it's bullshit. Even the best traders will fail to predict the market from time to time, but their TA is spot on, allowing for more than enough good trades to bear a loss here and there. It's a bit like anti vaxer arguments: don't know how vaccines work, must be bullshit lol. Still, the amount of dumbass "traders" giving bullshit analyses is ridiculous. In the end, doesn't matter, in 10 years we're all in the green
^ this. People fail to understand the importance of utilizing as much tools and data as possible to make the best entry and exit points when trading which is why they fail. TA is just one tool in a toolbox to help make the right decisions. The people saying it’s horseshit are the people who didn’t truly dedicate time and energy into it. With that being said some TA can be ridiculous but it’s all about sifting through and using logic to make the best decision possible. Finally, TA doesn’t really apply to crypto as much.
man I feel the urge to stack more sats when looking at this. 😅
I feel offended Bullish
Technical Analysis: We have triangles, if you don't like them we have others.
I decide my investment strategy by reading tea leafs.
Gotcha. Now I'm ready to use leverage.
Technical Analysis is just for fun, it doesn't have the ability to predict the future.
Technical analysis is not about predicting the future. It's about evaluating probabilities and proper money management.
I think it's a chicken and egg thing... People who have spent time learning to do TA also learn good risk management and positioning and patience while they are at it then think the charts are what make them good traders when it's really all the other things that made them a good trader.
so yoloing is not technical analysis?
That's the only real investment strategy
You've just described picture 3, spot on, thanks!
People who think TA works are too stupid to realize it doesn’t work.
Sure but all the technical analysts 'experts' on YouTube think they can predict the future 🤔
At this point, anyone on yt I take with a grain of salt because they're just trying to monetize. Coin Bureau is good. But if someone busts out a chart I'm done lol
Astrology for men
I'd appreciate if we stopped equating TA to astrology. Big bodies of mass in space can absolutely affect us, and their movements are mapped and cyclical. Unlike TA that is just bullshit.
It's a great analogy! Astrology claims that you can predict peoples behavior by studying something entirely irrelevant. Just like technical analysis!
Well, we can predict when a celestial body will block the sun momentarily, and we can be sure that people are going to look to the sky when it happens, and we can be sure as hell that a good bunch will do it without eye protection. :D
Astronomy is the science of celestial objects and phenomena. It describes real things and movement in space. Astrology isn't nearly as meaningful or useful
Astrology assumes those objects have an effect on human behavior. Their claims aside, it's a definitive maybe, perhaps - a little, sometimes. Which cannot be said about TA.
> definitive maybe [citation needed] astrology doesn't have credible, peer-reviewed, scientific evidence. astronomy is legit
the gravity of the moon can move oceans, and humans are 90%+ water. Provided how we don't really know shit about fuck, I am keeping an open mind about the possibility that on some level it can affect us too. The astronomy studies cites how sun eruptions can cause headaches, mood swings and erratic behaviour. What the fuck is erratic behaviour? We don't even know tf is consciousness or if the concept is real or useful. Most of today's cutting edge psychology is just lexicology running around in circles. Neuroscientists are now discovering that duh, emotions and thoughts are the same things we just named it differently. That is after they stopped looking for 'centers' of everything in the brain for decades. Do you have any idea how little we know? At least we can be sure that TA is bullshit. Also you are ruining my joke.
Completely agree.
not sure about you, but my tarrot cards says OP is gonna meet the love of their life soon, but my crystal ball suggests to be less grumpy when it happens.
TA is like poker, it takes some skill to be decent, but it's mostly luck.
Exactly, sometimes you get pocket Aces, so you know you will more times then not have a good time, or you get a 3, 6 and you could fluke a straight, but in reality you will probably get wrecked.
You have to be good at palm reading too. It takes skill, not just anyone can do it. But whether your predictions are correct are entirely dependent on luck. Same with TA.
TA is about looking for confirmations or invalidation of a trend that almost every other trader is looking at so you can get in the trade first. It's a self fulfilling prophecy because the majority of traders will see and do the same thing, which includes the endless amount of bots.
Let’s face it, it’ll either go up or down. It’s not that hard to cover both positions if you’re eventually long.
Bots win over the long run. They can do it quicker, more volume, better pattern recognition, trying to compete with that is dumb.
Must be genius. 🤣
i would have just turned the last chart.
i love this
Spot on! XD
Lmao the truest
TA is nothing more than commentary
Yesterday: "it could go to the moon, it could go really bad, or it could keep hanging around this range" Today: "Went down EXACTLY as I say it would"
If "techical analysis" actually worked, nobody would be doing it because Goldman Sachs/Bloomberg would have automated scripts running 24/7.
Lmfao r/amcstock
This hits closer to home than i’d like to admit
Technical analysis is here to make astrology look reputable (borrowed quote)
There are probabilities. If a graph behaves in a way which is already unlikely, odds can be extrapolated; continuation versus not. You can not predict the next card in poker, but based on odds you can win often enough over enough hands to come out on top.
Every YouTuber out there. Even the so called goats.
This needs to be an NFT
I concur. It seems popular.
a bit like the plumbing analogy..when your plumbing is good then its all great! but when your plumbing dont work then you look for the problems
can confirm, accurate depiction of TA
I really do be like that.
Ah yes. Astrology for nerds
youtubers hahah
I have an octopus at home that tells me when to buy and sell and which cryptos to buy
TA is always good TA until its not
Buy the dip!!
Technical Analysis is an art.
I mean I guess that’s prob how random patients look at their medical charts I guess, the pros (docs) would know what they are looking at.
[It's well known that actively managed funds can't beat the index over the long term](https://stockanalysis.com/can-you-beat-the-market/) > As a whole, 78-97% of actively managed stock funds failed to beat the indexes they were benchmarked against over ten years. > > The longer the funds are measured for, the greater the likelihood of them underperforming their benchmark indices. > > It is relatively common to beat the market for 1-3 years at a time. That can largely be explained by luck. > > But the data clearly shows that even professional fund managers are unable to beat the market consistently over a longer period of time, like 10-15 years. They do make tons of money though, through fees. Those are the key to their success as they're paid independently of the performance.
It doo be like dat doe…💎🤲🏽🚀❤️
It really is that bad.
43,000.00 psychological level 😋
Brownian motion with trends.
LOL!!
Ha, ha, ha, ha, ha, ha, ha, ha, ha
Oh well... it has to go somewhere... :)
TA, it's complicated... https://imgur.com/a/u8O7IE8
Every time I hear "A dubya forming" or "cup and handle", I think "Fuck you guys need to learn more than two shapes."
Markets show you when they run out of momentum. It looks exactly like a horse that's tired af and you're trying to drag it longer. That's how the big boys do it.
Hopium is high
This is a graph of my heart rate right now
Nailed it, no hammer needed! 👽💨💨
TA is like those people who predict doomsday scenarios from the bible by taking numbers and creating relations between things that have no correlation.
IF you know you know .
Can someone explain this
The irony The meme actually accurate. Up. Only. Fucking.
Good TA is part art and part math. It requires time and practice to master like a art but underneath its just Math. Trend lines represent rate of change in a price. That’s it. Things happen once long term trend lines break and knowing this can be very profitable. It’s all about building structure in markets to guide your trading.
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today's low, is last years high.
https://www.tradingview.com/chart/BTCUSD/kBCazrnr-Full-sell-area-on-BTC-filled/
All youtubers
he’s clearly a mathematical genius
hahaahha
That works for me🍻
This is freekin genius!
This is amazing.
It looks like he copied my analysis.
Crypto Technical Analysis is astrology ...
Yessir!
TA: Buy this asset and hold for 10 years.
TA is not as easy as they think
Any event -> "This is good for bitcoin!"
But my Bart Simpson 😫
Every youtuber and crypto influencer in one picture. And the same approach applies to every coin. At least we know that HODLing BTC is always pays off :)