/biz/ - Business & Finance

>>7771680
>If TA were a solid science with proven results, there would be no market, because nobody would bet into a market that's already predicted.

But no-one argues that it gives you an accurate prediction of the outcome.

People argue that TA gives you good indicators for how it is developing, where the important support/resist lines are, what the overall trend is and if it's likely to reverse etc. which is completely true. It gives you a decent idea of what points are good to buy in at, and which are good to sell at, but you obviously need a brain to be able to use the insight that TA gives you.

>>7771702

Don't treat it as solid investment advice as it is just an educated guess, but I imagine we'll hit 9.5k before strong support. At that point, we'll be going sideways for a bit I imagine. Maybe we'll dip to 9.2k intermittently during this sideways period. The important point on the chart after that is the downwards trend line from ATH, which is a make or break moment.

Pic related:

Orange arrows + red channel = bear flag
Thick green line = downwards trend from ATH
Thick red line = Strong support at ~9.5k, sideways movement
Red circle = Make or break moment when support meets ATH trend line