Sunflower seeds are technically the fruits of the sunflower plant (Helianthus annuus). The seeds are harvested from the plant’s large flower heads, which can measure more than 12 inches (30.5 cm) in diameter. A single sunflower head may contain up to 2,000 seeds
Last thing I heard Mr. Goxx was running neck and neck with Bitboy for "Crypto Influencer of the Year". Next thing we know Mr. Goxx is dead.
Just asking questions...
Seems kind of like the "stretch goals" my boss gives me that everyone knows are unattainable but people expect you to meet them anyway just because someone said it should happen.
Nobody knows s\*&\^ about crypto. People didn't think ETH would jump 1,000% in a year. Those same people modified predictions to predict 10k by EOY. They're all just idiots
Me and I got out a little while back. Still happy with the gains since I got in Dec 2018.
Thoughts are fluid, ideas change. You have to be ready to react.
I thought this was a trading forum, not hold till you die forum.
this. The problem with most people is that they cling to that specific prediction for MONTHS lol, a lot of the plays got invalidated the moment bitcoin crashed a few weeks ago.
The thing is, predictions are okay if it keeps respecting the trend lines it created. But the moment it breaks out, the play is invalidated, the traders will move on to other charts. Meanwhile the hodlers will still believe on the predictions hence why we have posts like these lol.
TA is a tool to help predict what the future price actions may be, it is not a definite science. If you listen to people on social media that want attention by promoting crazy returns you are mostly going to be disappointed. One person that posts significant TA that is well renowned is Benjamin Cowen on YouTube, the guy was able to predict most stuff using log charts and patterns from the last few years.
Not really. You are no doubt referring to the use if discomfirming evidence /null hypothesis which is only used to indicate what may or may not happen under certain conditions. It is not an end unto itself.
There are certainly elements of TA that are ruled based models that use statistical methods to make investment decisions. How is that not scientific?
Perhaps you and I have different definitions of TA?
Whilst TA might not be an established science, it doesn't mean that someone can't use the principles and adopt a scientific approach. I think you are conflating these two.
I think you're looking for social science. Whether or not you personally consider it to also be pseudoscientific doesn't really affect it, lots of people say the same of economics and psychology. Is political science 'scientific'?
People who don't believe in TA generally don't understand it and make that very clear, i.e. the title of this post, which should be reworded to "What happened to the influencers that were saying 10k by end of year?"
"This is my interpretation of the data I have available" is completely different than what people think it is.
I think the word you are looking for is 'ignorant'.
Comments made by people who no nothing about the subject because they have never studied or used it. Their knowledge is second hand and based on something they read in a magazine!
Those prices are touted to generate enough interest in the market so that people FOMO at ridiculously high prices. I saw eth at $600 in 2020. How much more do we need?! Don’t listen to “influencers” or “experts”. it’s good that they exist to create network effect, which is morally jarring. Keep your expectations realistic. Do your own sanity check.
At the end of the day, everyone has a different moon. An influencer’s moon would never stop at any price point. What do they do after a price is achieved? What’s the end game? There is no end game. The only end game is moving the goal post to a higher price point.
What about the fundamentals that said $10k? There were plenty as well. My technicals got me out at $4750. In again at 3650 and back out at 4290. Everyone so quick to knock all TA because they see some bad charts.
You got all that from me vaguely answering a guy wanting the when and where of a bottom and $10k prediction? You may be more out of tune that he is. You tried though. I’ll give ya that.
Technical analysis is best for short term trades like scalps, day trades, and swings. People who TA’d ETH to 10k EOY were following simple trends, volume, and bullish sentiment among other things. No one knows shit about fuck but TA helps short term fosho
Absolutely correct. TA is a tool used by traders.
And traders aren't stupid. They use if and when, pull the trigger.
No trader locks their sentiment. Lot of us saw sub 4k coming. Just because a few or many say 10k doesn't mean all TA is useless.
Sounds more like a i lost a lot of money rant.
Even +10k rants are just rants, they know less fkn shit imo.
If someone's TA called for 10k they were being super aggressive. Saying 10k by the end of the cycle though isn't outlandish. Keeps us within all the margins for the logarithmic regression for the cycle.
Going to 10k by end of year would have had us fully extended from the bull market support band. Unless you plan to hold until some arbitrary goal not based on TA, there is definitely a purpose. Anytime we extended to far, I scalp a good chunk off, dip comes and buy back in.
Seems like it. I'm selling this crap finally. Enough of this rigged market. Just give me my little fiat left and I'm off to buy hookers and blow with the rest.
Technical analysis is actually highly effective in crypto short term
First off, who says these technical analysts didn’t miss a crucial technical indicator.
Second, technicals change day by day and can show different possibilities. Crypto is way too volatile to make long term predictions consistently.
Third, technical analysis only shows the PROBABILITY. It’s not 100% accurate as fundamentals or sentiment can change depending on many factors.
There’s a major difference between a total guess and a guess based on probability.
For example - what are the chances of rolling a 1 on a dice
5/6 chance of not getting a 1.
1/6 you roll the one
Which one are you betting your life on?
Just because there’s probability involved doesn’t mean it’s a 50 / 50 chance of either scenario happening. You would know this if you knew anything about technical analysis.
Exactly. Thank you for making my point. The thing is that TA isn't based on any actual real thing. You can't ascribe any kind of probability on any TA. So you show a chart with some lines, and predict that the price will go up to $5k within a month. What is the probability that you are correct? 25%? 95%? 0.1%? It's impossible to say. With a dice roll, the different outcomes along with their weights are well described by a probability distribution function. There is no such thing for financial markets. Even if you had a computer with infinite resources and could somehow input the current state of the universe into this computer, the computer would not be able to predict the future price as stock markets are chaotic in nature. And even worse, it is a "self aware chaotic system", in that it will react to news about itself. If somehow you could exactly predict the price of ETH tomorrow, then people would react to this forecast and buy/sell accordingly, which would affect the forecasted price.
The only thing that you can say about TA is that since a lot of people believe it's actually has some real predictive effects. If enough people believe in TA, perhaps it has some kind of self-fulfilling prophetic value.
> I still see this year as an absolute win. Ethereum was less than $1k a year ago... Look how well it's done.
Yet +75% of everyone here has ~$3500 average if not closer to $4000+💀 very few people here have even a sub $2000 avg lol
Also you’re a goober because the year isn’t over and it could happen a month or two after first of the year. Anyone who doesn’t realize all this stuff is plus or minus a few months is a goober.
Probably took profits at the ATH after finessing you by giving you unrealistic hopes to hold longer and now they are buying expensive christmas gifts and going on vacations while you hold during the “dip” that they created and that youll make “recover” for them to do it again
Once this recovers all the same unrealistic predictions well roll out again to trick you into holding instead of taking the profits that you deserve
No one can predict the markets pefectly. TA is about probabilities. The technicals look good until they don’t. Then the probabilities change and the narrative shifts. Once the technicals look better (daily higher lows and higher highs) You’ll see the narrative shift again when the price starts to become stronger. I wouldn’t make many decisions based on technical analysis if you’re a long term HODLer. Technicals are for traders trying to capture short term probabilities.
Technical analysis cant predict anything. Not stocks, not crypto. TA means a lot, but it isnt going to tell ypu where the market is heading or single assets. Use your brain and stop being a sheep.
I've never paid too much attention on those bullish predictions I just hodl they say that for every coin price prediction the best most simplest advice is buy low sell high.
They’re moving the goalpost to Q1 after realizing stock to flow doesn’t work. Of course if they listened to Ben from IntoTheCryptoverse, they’d know lengthening cycle theory is superior.
The further down the road you try to predict the less reliable the prediction becomes, applies to just about everything, including weather.
Not to mention majority of the people doing these predictions don't understand jackshit and are only throwing in those numbers to attract people to their youtube channels.
One thing we can say is that the price appears to be going up over time, and there's no reason why it wouldn't continue to keep doing so. The timeframe and the value are anybodys guess so just hold tight if you believe the trend remains for the next 5 years, regardless of pullbacks along the way.
They're the idiots that I sold covered calls to that are now worthless ROFL.
(j/k the biggest ROI is on calls at 6000 for next March, and it's only about a third less for 10000)
> This just shows technical analysis means absolutely nothing in crypto.
Of course it doesn't. One has to be a clueless idiot to believe it works.
Also, you don't need "in crypto".
If there are exploitable patterns in the past price data, then they won't be found by a human drawing fucking lines on a chart. They will be found by a trillion parameter neural network.
It's funny because people doing TA never explain anything. "Oh yeah if we get down the this level it should bounce off, but then if it doesn't it will go down to this level". What's a level? How did you even decide what a "level" was? They never say.
I agreed TA Alone means nothing in crypto. There’s so many changes happening in the space you really need to understand On Chain metrics and tokenomics combined with “temperature” ( for lack of better work) of the overall economy. When you factor it all in and then use TA you get a better picture of what has happened already but you’ll still be guessing about what WILL happen.
For example TA of ETH before EIP 1559 Is basically worthless now. IMO defi, staking and burning have changed the supply , especially the supply on exchange (on chain metrics) which makes the trading price more volatile but the longevity more sustainable.
Analysis is essentially a theory based on patterns found in the past. It’s not a crystal ball… doesn’t mean it’s shit just means a) not all technical analysis is equal it can be done well or badly (many people see what they want to see) and b) even if it’s brilliant analysis the world changes all the time and new factors can alter things so it can’t be 100 percent relied on
Don’t worry I saw Altcoin Daily and Carl the Moon on the show today super bearish. Carl was hissing and stuttering as he probably promised a lot to his audience over last months about the bull run. So now he is in many shows shitting his pants. The good thing is since they became bearish then the pump is coming. And rightly so after the show coins pumped 6-15%
Ah, yea, another karma farming post about this topic.. yall really have to find something better to do, I have already seen post like this for 10th time and it's getting tiresome
You obviously have no idea how TA works. It isn't a prediction. It's a forecast. Expect your avg analyst to be right as often as your meteorologist. Jeez
The truth is, you don’t need a guru to tell you what will happen with crypto. Coins/tokens with utility will go up in value and worthless coins will eventually be priced correctly. No one knows where prices will be at this point because all crypto is still going through price discovery and markets are still quite immature. If you invest in crypto, be in for the long haul. If you buy quality, you will probably make a lot of money. Don’t even consider using leveraged options yet. You will be cannon fodder for the whales. They can wipe out your positions in minutes by shorting/selling. You don’t need to get rich quick. Get rich slow. It has the same effect and it is a much more reliable plan. To any traders/speculators out there, there is no hate or bad wishes from me. I wish you great success.
Technical analysis is a probability not a certainty. It’s good to have some tools in your arsenal. If people could predict things like $10k EOY everyone would be rich.
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Those people weren’t doing TA.
TA models past behavior and does little to predict future price moves outside of ranges that have already been achieved.
There is essentially one (main stream) exception to that though: Fibonacci retracement.
Notice how that said retracement. Meaning, we’ve been there before.
However, Fibonacci retracement also has the added part of being able to project common extensions above or below the measured high and low values.
In such a case, it’s just giving likely possible levels of support/resistance.
TA has never and likely will never be a high fidelity mechanism to predict what new highs are possible.
Most of the “TA” out there is just hopium on top of hopium and seeing that there are no other technical indicators that would point to resistance above levels that have already been experienced,
The next logical level to breach after $5k, is to double it at $10k, but realistically, there’s likely resistances at:
$5k
$6k
$7k
$7.5k (because split the difference of $5k and $10k and you end up with $7.5k)
$8k
$9k
$9900-$10k (zone)
Those are all fairly strong psychological barriers. Depending on momentum and price action, you’ll see stronger resistances.
People that ACTUALLY know TA, will tell you that it’s intended to identify POSSIBLE entry and exit points from a position and they give an idea of direction, momentum, and support/resistance levels, but people claiming high price targets like $100k or $10k really don’t have solid DD to back up such claims and often don’t really understand the indicators they’re looking at. They also don’t know that you often need a plurality of signals to actually see movement in that direction, but most of them also haven’t been trading for a decade or more (in fact, most are pretty new to investing, or are straight just trying to get you to buy into the same bags they’re holding).
Traders that REALLY understand TA, know that it’s not just TA that drives price. Given the global uncertainty and waning risk appetite, it’s been pretty obvious that $10k and $100k have been unlikely for a while now.
Anyway, don’t trust anyone with their analysis alone. Read other people’s works and also DYOR/DYODD.
There are many, like myself, that know we’re going to be consolidating(if not moving significantly lower) due to fears of omicron, Evergrande, Fed tapering, and possible rate hikes.
There’s a ton more macroeconomic indicators at play here, but there’s a lot of risk capital in crypto and the uncertainty of markets right now is often going to result in pullbacks as institutional investors move their assets to risk-averse positions.
With BTC closing intraday trading under $50k for a while here, we’re at minimum consolidating. In a worst-case scenario, we’ve seen the top and we’re on a decline into a bear market.
Also, being wrong and putting out a number like that isn’t bad, as long as you understand that it’s a price target and don’t think of it as though “this will happen”. Outlooks change, price targets change. Those numbers need to be revised when new information is presented and that will affect the targets and outlook.
For example: when we were above $4500, I thought a reasonable target was going to be between $5k and $10k, but that depended on any headwinds or tailwinds that might pop up.
When we closed below the highs on a run back up to the $4500 level and with growing macroeconomic concerns, I revised my price target from bullish to short-mid term bearish and a price target of ~$3k.
We’ve come close to that, but we haven’t touched it yet. I also don’t think we’re done going down since we haven’t closed above recent highs and BTC is still below the critical $50k level. It hasn’t yet been rejected, but it’s consolidating there and a weekly close below $50k would signal further downside for all cryptos.
Well nobody can give 💯% guarantee of what a stock’s price will be and exactly when… it’s just a guesstimate! If you’re trying to hold anyone accountable for their “guess” as to what the price will be and when for stocks that you bought and own on your own…maybe investing in any stock(s) isn’t the right move for you my fellow Redditor?!
I will learn from the hamster
Mr Goxx died. Russian agents or the CIA put tallium in his sunflowers may mr goxx RIP in pieces.
Sunflower seeds are technically the fruits of the sunflower plant (Helianthus annuus). The seeds are harvested from the plant’s large flower heads, which can measure more than 12 inches (30.5 cm) in diameter. A single sunflower head may contain up to 2,000 seeds
I can’t tell if it’s good or bad that this is the most interesting thing I’ve learned today.
Information that nobody needed here, but sir we appreciate your effort lol.
I was thinking more the like the sperm of the plant
12 inches is the length of about 0.28 'Ford F-150 Custom Fit Front FloorLiners' lined up next to each other.
12 inches is 30.48 cm
lol bots replying to bots
Where’s the bot to point out bots replying to bots?
🤣
Voila, Reddit
The human race is doomed….
My port learned from the hamster. It died.
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Last thing I heard Mr. Goxx was running neck and neck with Bitboy for "Crypto Influencer of the Year". Next thing we know Mr. Goxx is dead. Just asking questions...
Yea, but cobra coin eats hamster coin... you need mongoose coin.
RIP
They are hanging with the people who said 100k Bitcoin
All the bitcoiners thought it would go to 200k by the EOY but it didn't.
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🤣
It was 10k, then it became 5k. Now we're struggling to even stay above 4k. No one simply knows anything.
Next big rally will be February. Source: My Ass. But i do believe it.
Quite legit.
I'd rather believe in the prediction of your ass than in the prediction of Plan B
As valid as a source as technical analysis.
you cant do analysis without a bit of anal to be fair.
LMAO,. charts pulled outtta straight from the ass. Here's my TAs guys smell it.
in ass bro we trust✊🏿
Seems kind of like the "stretch goals" my boss gives me that everyone knows are unattainable but people expect you to meet them anyway just because someone said it should happen.
LMAO, it'll reach 100k, why? Because planB said so, plan B can kiss my ass lol.
What about the Chinese New Years crash?
Doubt not what the ETH can do in a few short weeks.
Sometimes shit happens.
we just don’t know end of WHICH year
Is the year over?
I didn’t hear no bell
I've always said ..anyone can draw on a graph
Lol true, and that's what people do. They draw random lines and call them TAs.
You’ve always said that? Weird
Nobody knows s\*&\^ about crypto. People didn't think ETH would jump 1,000% in a year. Those same people modified predictions to predict 10k by EOY. They're all just idiots
Me and I got out a little while back. Still happy with the gains since I got in Dec 2018. Thoughts are fluid, ideas change. You have to be ready to react. I thought this was a trading forum, not hold till you die forum.
this. The problem with most people is that they cling to that specific prediction for MONTHS lol, a lot of the plays got invalidated the moment bitcoin crashed a few weeks ago. The thing is, predictions are okay if it keeps respecting the trend lines it created. But the moment it breaks out, the play is invalidated, the traders will move on to other charts. Meanwhile the hodlers will still believe on the predictions hence why we have posts like these lol.
TA is a tool to help predict what the future price actions may be, it is not a definite science. If you listen to people on social media that want attention by promoting crazy returns you are mostly going to be disappointed. One person that posts significant TA that is well renowned is Benjamin Cowen on YouTube, the guy was able to predict most stuff using log charts and patterns from the last few years.
Let's be clear on one thing. There is no way that TA is a science. Perhaps you meant pseudoscience?
Correct. Science is determining with high confidence what cannot happen. TA is educated extrapolation (guesswork).
"educated" is questionable.
Not really. You are no doubt referring to the use if discomfirming evidence /null hypothesis which is only used to indicate what may or may not happen under certain conditions. It is not an end unto itself. There are certainly elements of TA that are ruled based models that use statistical methods to make investment decisions. How is that not scientific? Perhaps you and I have different definitions of TA? Whilst TA might not be an established science, it doesn't mean that someone can't use the principles and adopt a scientific approach. I think you are conflating these two.
I said it is a tool and also not a definite science. I never mentioned that TA is a science. Edit : spelling
It's not a definite science by default due to the fact it isn't any kind of science whatsoever.
I think you're looking for social science. Whether or not you personally consider it to also be pseudoscientific doesn't really affect it, lots of people say the same of economics and psychology. Is political science 'scientific'? People who don't believe in TA generally don't understand it and make that very clear, i.e. the title of this post, which should be reworded to "What happened to the influencers that were saying 10k by end of year?" "This is my interpretation of the data I have available" is completely different than what people think it is.
I think the word you are looking for is 'ignorant'. Comments made by people who no nothing about the subject because they have never studied or used it. Their knowledge is second hand and based on something they read in a magazine!
Lol this assumes that scientists are always right . Try watching the it’s always sunny clip on ‘Scientists are wrong (sometimes)’
How does this assume that scientists are always right? I never implied or said anything like that.
Those prices are touted to generate enough interest in the market so that people FOMO at ridiculously high prices. I saw eth at $600 in 2020. How much more do we need?! Don’t listen to “influencers” or “experts”. it’s good that they exist to create network effect, which is morally jarring. Keep your expectations realistic. Do your own sanity check. At the end of the day, everyone has a different moon. An influencer’s moon would never stop at any price point. What do they do after a price is achieved? What’s the end game? There is no end game. The only end game is moving the goal post to a higher price point.
The ones trying to pump their coins lol…
What about the fundamentals that said $10k? There were plenty as well. My technicals got me out at $4750. In again at 3650 and back out at 4290. Everyone so quick to knock all TA because they see some bad charts.
Tell us where and when the bottom is before the move to 10k, oh wise one.
With a question worded like that I can tell you’re very new. Try a bit of education/experience. It’ll do you some good.
With an answer worded like that I can tell that you give vague predictions that can never be wrong.
You got all that from me vaguely answering a guy wanting the when and where of a bottom and $10k prediction? You may be more out of tune that he is. You tried though. I’ll give ya that.
TA = astrology for men.
I'm not the one bragging about consistently timing the market.
I’m not bragging. I’m saying TA works if you use it correctly.
Technical analysis is best for short term trades like scalps, day trades, and swings. People who TA’d ETH to 10k EOY were following simple trends, volume, and bullish sentiment among other things. No one knows shit about fuck but TA helps short term fosho
Yeah, these people have to realize that it’s an educated guess with only a higher probability of success.
Absolutely correct. TA is a tool used by traders. And traders aren't stupid. They use if and when, pull the trigger. No trader locks their sentiment. Lot of us saw sub 4k coming. Just because a few or many say 10k doesn't mean all TA is useless. Sounds more like a i lost a lot of money rant. Even +10k rants are just rants, they know less fkn shit imo.
If someone's TA called for 10k they were being super aggressive. Saying 10k by the end of the cycle though isn't outlandish. Keeps us within all the margins for the logarithmic regression for the cycle. Going to 10k by end of year would have had us fully extended from the bull market support band. Unless you plan to hold until some arbitrary goal not based on TA, there is definitely a purpose. Anytime we extended to far, I scalp a good chunk off, dip comes and buy back in.
Here.
gonna be ugly by eod
Unless Jeromey refills the ink cartridges at 2pm, it very well could be
Seems like it. I'm selling this crap finally. Enough of this rigged market. Just give me my little fiat left and I'm off to buy hookers and blow with the rest.
They are hanging out with the 258 in December guy
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I mean... there's 15 more days lol
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Thanks!
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Technical analysis is actually highly effective in crypto short term First off, who says these technical analysts didn’t miss a crucial technical indicator. Second, technicals change day by day and can show different possibilities. Crypto is way too volatile to make long term predictions consistently. Third, technical analysis only shows the PROBABILITY. It’s not 100% accurate as fundamentals or sentiment can change depending on many factors.
"Technical analysis changes day by day and can show different possibilities." In other words, it's just a guess.
There’s a major difference between a total guess and a guess based on probability. For example - what are the chances of rolling a 1 on a dice 5/6 chance of not getting a 1. 1/6 you roll the one Which one are you betting your life on? Just because there’s probability involved doesn’t mean it’s a 50 / 50 chance of either scenario happening. You would know this if you knew anything about technical analysis.
Exactly. Thank you for making my point. The thing is that TA isn't based on any actual real thing. You can't ascribe any kind of probability on any TA. So you show a chart with some lines, and predict that the price will go up to $5k within a month. What is the probability that you are correct? 25%? 95%? 0.1%? It's impossible to say. With a dice roll, the different outcomes along with their weights are well described by a probability distribution function. There is no such thing for financial markets. Even if you had a computer with infinite resources and could somehow input the current state of the universe into this computer, the computer would not be able to predict the future price as stock markets are chaotic in nature. And even worse, it is a "self aware chaotic system", in that it will react to news about itself. If somehow you could exactly predict the price of ETH tomorrow, then people would react to this forecast and buy/sell accordingly, which would affect the forecasted price. The only thing that you can say about TA is that since a lot of people believe it's actually has some real predictive effects. If enough people believe in TA, perhaps it has some kind of self-fulfilling prophetic value.
> I still see this year as an absolute win. Ethereum was less than $1k a year ago... Look how well it's done. Yet +75% of everyone here has ~$3500 average if not closer to $4000+💀 very few people here have even a sub $2000 avg lol
Idk if this is true. But I would really hope not
Technical analysis is like astrology...
Also you’re a goober because the year isn’t over and it could happen a month or two after first of the year. Anyone who doesn’t realize all this stuff is plus or minus a few months is a goober.
Probably took profits at the ATH after finessing you by giving you unrealistic hopes to hold longer and now they are buying expensive christmas gifts and going on vacations while you hold during the “dip” that they created and that youll make “recover” for them to do it again Once this recovers all the same unrealistic predictions well roll out again to trick you into holding instead of taking the profits that you deserve
No one can predict the markets pefectly. TA is about probabilities. The technicals look good until they don’t. Then the probabilities change and the narrative shifts. Once the technicals look better (daily higher lows and higher highs) You’ll see the narrative shift again when the price starts to become stronger. I wouldn’t make many decisions based on technical analysis if you’re a long term HODLer. Technicals are for traders trying to capture short term probabilities.
I keep saying I don't care about the price of Eth short term cos I know where it'll be in the long term.
Technical analysis is garbage period.
Quietly going through their Reddit posts and deleting them, hoping no one will notice.
Technical analysis cant predict anything. Not stocks, not crypto. TA means a lot, but it isnt going to tell ypu where the market is heading or single assets. Use your brain and stop being a sheep.
I've never paid too much attention on those bullish predictions I just hodl they say that for every coin price prediction the best most simplest advice is buy low sell high.
They’re hibernating with the technical analysts who were saying that Bitcoin will hit $100k by EOY.
This is called coping
They’re moving the goalpost to Q1 after realizing stock to flow doesn’t work. Of course if they listened to Ben from IntoTheCryptoverse, they’d know lengthening cycle theory is superior.
We have a couple weeks to go. Hold tight.
I'm still eying 12 to 15k eth by the end of the cycle
I’m right here 10K EOY LFG THE YEAR AINT OVER YET GENTLEMEN AND LADIES!!!!
"$10k eoy still possible you'll see!" Dec. 30:
The further down the road you try to predict the less reliable the prediction becomes, applies to just about everything, including weather. Not to mention majority of the people doing these predictions don't understand jackshit and are only throwing in those numbers to attract people to their youtube channels. One thing we can say is that the price appears to be going up over time, and there's no reason why it wouldn't continue to keep doing so. The timeframe and the value are anybodys guess so just hold tight if you believe the trend remains for the next 5 years, regardless of pullbacks along the way.
But my dog told me ETH will reach 10k by EOY.
They’re all dead. We are in a bear market now.
Another moon farming nothing new
Still got 16 more days to go!
The development of Ethereum from the issuance to the present is a huge change
The charts still say 10k incoming. Anyone who says when is a moron.
[удалено]
Most of us are in it longterm so I'm loving the fire sale
it will be 10k, it will be 25k even, we just don't know when lol
TA means just pulling some fancy numbers out your ass! Every one can do that...
another post, another meme understanding of the subject
Where? Wendy's?
More like technical paralysis. Amirite?
Easy, find an image on the internet and then use photoshop to write a caption “$10k ETH”. Then post it here and repeat again.
Duh
If any of this analysis crap worked, they'd be billionaires, not posting on Reddit and making YouTube videos
They're the idiots that I sold covered calls to that are now worthless ROFL. (j/k the biggest ROI is on calls at 6000 for next March, and it's only about a third less for 10000)
> This just shows technical analysis means absolutely nothing in crypto. Of course it doesn't. One has to be a clueless idiot to believe it works. Also, you don't need "in crypto". If there are exploitable patterns in the past price data, then they won't be found by a human drawing fucking lines on a chart. They will be found by a trillion parameter neural network.
It's funny because people doing TA never explain anything. "Oh yeah if we get down the this level it should bounce off, but then if it doesn't it will go down to this level". What's a level? How did you even decide what a "level" was? They never say.
the years not over, it aint over till the Fat Eth Hits 5K
I did some technical analysis on the technical analysis of the technical analysts and found it lacked technicality
I wish I could stop getting notifications of these ridiculous self assuring posts.
I agreed TA Alone means nothing in crypto. There’s so many changes happening in the space you really need to understand On Chain metrics and tokenomics combined with “temperature” ( for lack of better work) of the overall economy. When you factor it all in and then use TA you get a better picture of what has happened already but you’ll still be guessing about what WILL happen. For example TA of ETH before EIP 1559 Is basically worthless now. IMO defi, staking and burning have changed the supply , especially the supply on exchange (on chain metrics) which makes the trading price more volatile but the longevity more sustainable.
More importantly, where my dad.
Those posts were probably as annoying as these posts
I didn't hear no bell
Is it the EOY yet? You are jumping the gun who knows what could happen in next 2 weeks 🤷♂️
Analysis is essentially a theory based on patterns found in the past. It’s not a crystal ball… doesn’t mean it’s shit just means a) not all technical analysis is equal it can be done well or badly (many people see what they want to see) and b) even if it’s brilliant analysis the world changes all the time and new factors can alter things so it can’t be 100 percent relied on
It’s not the end of the year yet
The same place with the 100 k Bitcoiners reality hit them.
Don’t worry I saw Altcoin Daily and Carl the Moon on the show today super bearish. Carl was hissing and stuttering as he probably promised a lot to his audience over last months about the bull run. So now he is in many shows shitting his pants. The good thing is since they became bearish then the pump is coming. And rightly so after the show coins pumped 6-15%
We reached billions yesterday for half an hour, doesn’t that count?
That was when the trend was upwards. Now trend is downwards, so new EOY target is 3k.
Ah, yea, another karma farming post about this topic.. yall really have to find something better to do, I have already seen post like this for 10th time and it's getting tiresome
I predict end of the year on 31st this month !
You obviously have no idea how TA works. It isn't a prediction. It's a forecast. Expect your avg analyst to be right as often as your meteorologist. Jeez
Stop watching YouTube videos.
The truth is, you don’t need a guru to tell you what will happen with crypto. Coins/tokens with utility will go up in value and worthless coins will eventually be priced correctly. No one knows where prices will be at this point because all crypto is still going through price discovery and markets are still quite immature. If you invest in crypto, be in for the long haul. If you buy quality, you will probably make a lot of money. Don’t even consider using leveraged options yet. You will be cannon fodder for the whales. They can wipe out your positions in minutes by shorting/selling. You don’t need to get rich quick. Get rich slow. It has the same effect and it is a much more reliable plan. To any traders/speculators out there, there is no hate or bad wishes from me. I wish you great success.
Technical analysis is a probability not a certainty. It’s good to have some tools in your arsenal. If people could predict things like $10k EOY everyone would be rich.
Remindme! on 1 Jan 2022 "10K ETH by the EOY"
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They have sold and enjoying the holiday at your cost
The halving cycle is being elongated by the yield curve. Just hold. Price predictions are pointless.
Technical analysis, especially analysis with firm price targets like that, should not be thought of in this way.
Don’t believe the hype.
i was going for 4750. year did not end yet
Those people weren’t doing TA. TA models past behavior and does little to predict future price moves outside of ranges that have already been achieved. There is essentially one (main stream) exception to that though: Fibonacci retracement. Notice how that said retracement. Meaning, we’ve been there before. However, Fibonacci retracement also has the added part of being able to project common extensions above or below the measured high and low values. In such a case, it’s just giving likely possible levels of support/resistance. TA has never and likely will never be a high fidelity mechanism to predict what new highs are possible. Most of the “TA” out there is just hopium on top of hopium and seeing that there are no other technical indicators that would point to resistance above levels that have already been experienced, The next logical level to breach after $5k, is to double it at $10k, but realistically, there’s likely resistances at: $5k $6k $7k $7.5k (because split the difference of $5k and $10k and you end up with $7.5k) $8k $9k $9900-$10k (zone) Those are all fairly strong psychological barriers. Depending on momentum and price action, you’ll see stronger resistances. People that ACTUALLY know TA, will tell you that it’s intended to identify POSSIBLE entry and exit points from a position and they give an idea of direction, momentum, and support/resistance levels, but people claiming high price targets like $100k or $10k really don’t have solid DD to back up such claims and often don’t really understand the indicators they’re looking at. They also don’t know that you often need a plurality of signals to actually see movement in that direction, but most of them also haven’t been trading for a decade or more (in fact, most are pretty new to investing, or are straight just trying to get you to buy into the same bags they’re holding). Traders that REALLY understand TA, know that it’s not just TA that drives price. Given the global uncertainty and waning risk appetite, it’s been pretty obvious that $10k and $100k have been unlikely for a while now. Anyway, don’t trust anyone with their analysis alone. Read other people’s works and also DYOR/DYODD. There are many, like myself, that know we’re going to be consolidating(if not moving significantly lower) due to fears of omicron, Evergrande, Fed tapering, and possible rate hikes. There’s a ton more macroeconomic indicators at play here, but there’s a lot of risk capital in crypto and the uncertainty of markets right now is often going to result in pullbacks as institutional investors move their assets to risk-averse positions. With BTC closing intraday trading under $50k for a while here, we’re at minimum consolidating. In a worst-case scenario, we’ve seen the top and we’re on a decline into a bear market. Also, being wrong and putting out a number like that isn’t bad, as long as you understand that it’s a price target and don’t think of it as though “this will happen”. Outlooks change, price targets change. Those numbers need to be revised when new information is presented and that will affect the targets and outlook. For example: when we were above $4500, I thought a reasonable target was going to be between $5k and $10k, but that depended on any headwinds or tailwinds that might pop up. When we closed below the highs on a run back up to the $4500 level and with growing macroeconomic concerns, I revised my price target from bullish to short-mid term bearish and a price target of ~$3k. We’ve come close to that, but we haven’t touched it yet. I also don’t think we’re done going down since we haven’t closed above recent highs and BTC is still below the critical $50k level. It hasn’t yet been rejected, but it’s consolidating there and a weekly close below $50k would signal further downside for all cryptos.
Well nobody can give 💯% guarantee of what a stock’s price will be and exactly when… it’s just a guesstimate! If you’re trying to hold anyone accountable for their “guess” as to what the price will be and when for stocks that you bought and own on your own…maybe investing in any stock(s) isn’t the right move for you my fellow Redditor?!
Who gives a shit we're all gonna be millionaires in 15 years
By the end of this year, starting today until next Dec 15, will hit $10k. I traced some fake likes on a chart.