/biz/ - Business & Finance

Ladies and gentleman, in this graphic I'm showing you we can see a classic formation, the pattern best known as "Balls, Dick n' Handle". This means, according to my studies and PHD in Economic Patterns Identification, a clear clear trend reversal. We will probably see BTC shooting up to around $14,000 in the next few weeks. Sit down, hold, and relax.

>>14482099
>>buying and selling predictable market oscillations is gambling
(1/2)
Reminder that TA is worst than astrologoy. It's literally for sub 110 iq brainlets.

>Perhaps you seek to imply these “managers” using the glorious technical analysis earn a higher rate of return. This is incorrect. Did you know that 86% of mutual funds manager failed to beat the S&P500 in 2014? That’s right, these idiots with their stupid charts didn’t stand a chance against “buying and holding” despite all their “reverse bat harmonic indicators” or whatever bullshit is relevant these days.

>And hedge funds? Since the bull market began in March 2009, the critics will point out, the average hedge fund in the Credit Suisse Hedge Fund Index has gained an annualized 8.5% through April 30, versus 23% for the S&P 500, assuming dividends were reinvested. Over the past 10 years, even a conservative portfolio that invested just 60% in the S&P 500 and kept 40% in bonds still outperformed the average hedge fund.

>b..but what about this one guy I knew who made millions?!

Pure luck:

>Let’s take 10,000,000 people trading using technical analysis at the beginning of year 1.

>On year two, 1,000,000 traders will have tripled their money. The rest will be broke or will have lost a significant portion of their capital

>On year three, 100,000 will have tripled their money. The rest, again, lost a large part of their capital and stopped trading.

>On year four, 10,000 will have tripled their money.

>On year five, 1,000 will have tripled their money.

>On year six, 100 will have tripled their money.

>On year seven, 10 will have tripled their money.

>On year eight, 1 will have tripled their money again. If he started with $10,000, he now has $21.8M dollars

>Do you see where I’m going? The one guy at the top ends up in your “list.”

>>14477871
(1/2)
Reminder that TA is worst than astrologoy. It's literally for sub 110 iq brainlets.

>Perhaps you seek to imply these “managers” using the glorious technical analysis earn a higher rate of return. This is incorrect. Did you know that 86% of mutual funds manager failed to beat the S&P500 in 2014? That’s right, these idiots with their stupid charts didn’t stand a chance against “buying and holding” despite all their “reverse bat harmonic indicators” or whatever bullshit is relevant these days.

>And hedge funds? Since the bull market began in March 2009, the critics will point out, the average hedge fund in the Credit Suisse Hedge Fund Index has gained an annualized 8.5% through April 30, versus 23% for the S&P 500, assuming dividends were reinvested. Over the past 10 years, even a conservative portfolio that invested just 60% in the S&P 500 and kept 40% in bonds still outperformed the average hedge fund.

>b..but what about this one guy I knew who made millions?!

Pure luck:

>Let’s take 10,000,000 people trading using technical analysis at the beginning of year 1.

>On year two, 1,000,000 traders will have tripled their money. The rest will be broke or will have lost a significant portion of their capital

>On year three, 100,000 will have tripled their money. The rest, again, lost a large part of their capital and stopped trading.

>On year four, 10,000 will have tripled their money.

>On year five, 1,000 will have tripled their money.

>On year six, 100 will have tripled their money.

>On year seven, 10 will have tripled their money.

>On year eight, 1 will have tripled their money again. If he started with $10,000, he now has $21.8M dollars

>Do you see where I’m going? The one guy at the top ends up in your “list.”

(1/2)
Reminder that TA is worst than astrologoy. It's literally for sub 110 iq brainlets.

>Perhaps you seek to imply these “managers” using the glorious technical analysis earn a higher rate of return. This is incorrect. Did you know that 86% of mutual funds manager failed to beat the S&P500 in 2014? That’s right, these idiots with their stupid charts didn’t stand a chance against “buying and holding” despite all their “reverse bat harmonic indicators” or whatever bullshit is relevant these days.

>And hedge funds? Since the bull market began in March 2009, the critics will point out, the average hedge fund in the Credit Suisse Hedge Fund Index has gained an annualized 8.5% through April 30, versus 23% for the S&P 500, assuming dividends were reinvested. Over the past 10 years, even a conservative portfolio that invested just 60% in the S&P 500 and kept 40% in bonds still outperformed the average hedge fund.

>b..but what about this one guy I knew who made millions?!

Pure luck:

>Let’s take 10,000,000 people trading using technical analysis at the beginning of year 1.

>On year two, 1,000,000 traders will have tripled their money. The rest will be broke or will have lost a significant portion of their capital

>On year three, 100,000 will have tripled their money. The rest, again, lost a large part of their capital and stopped trading.

>On year four, 10,000 will have tripled their money.

>On year five, 1,000 will have tripled their money.

>On year six, 100 will have tripled their money.

>On year seven, 10 will have tripled their money.

>On year eight, 1 will have tripled their money again. If he started with $10,000, he now has $21.8M dollars

>Do you see where I’m going? The one guy at the top ends up in your “list.”

>>5525337

>look at the chart, you can clearly see the pattern of a "dick and handle" formed. It's time for a moon lads.

This is it. This is your official notice that the Ethereum moon is about start. Forming a perfect dick and handle on the daily chart. Get in now or stay forever poor.
-Pajeet signing off