/biz/ - Business & Finance

>>13854349
That's a pretty incredible amount of cope. Surely you have more than just your low-IQ opinion to back up any of those projections, right?

>>13854375
> but technical indicators are only useful because other people find them useful, that is to say, any given indicator will only dictate the public's opinion of a commodity so long as everyone else uses that indicator to time their pricing moves. isn't it just as likely that next week the price will more closely follow some other arbitrary technical indicator and ruin all your predictions?

Yes, but as with most things in trading, you need to stick with what works until it shows you it doesn't. If this shit was easy, more people would be good at it. So many people have trouble comprehending TA as if it's some magic shit when in fact it's exactly what you say, the fact that a number of people all look at the same things and come to the same conclusions as to how to act when it reaches those levels, which itself becomes a self-fulfilling prophecy. Bonus points for every time it works out, it draws more people towards following them due to prior success.

To be honest I'm surprised it was such a clean analog to 2015, and I personally expected to spend most of 2019 down at the lows and not a comparatively-brief 4 months, so even I was caught somewhat out of position (didn't get to buy as many as I wanted), but that's life. Everyone's got a game plan till they get punched in the face, as Mike Tyson would say.

>>13556286
I've never been wrong either. 3k was the bottom and if you didn't buy the 2 tests we had of the 200wma you missed the bottom forever. Unlike you, I saw this coming months ago.

>>13230814

>>12789169
>You're using one of the worst performing moving averages and the wrong chart and the wrong number.

And somehow the price still managed to bottom out EXACTLY at the moving average I use. How odd!

>>12789195
I called this shit months ago, faggot.

>>12393701
Thx senpai. Don't let anyone tell you TA is useless.

>>12321226
Why would I sell when I saw this coming a mile away?

>>12218102
20 and 200 period moving average on weekly candles

>>12218156
I got most of my fills below 3500. At the same time, looking back now, accumulating in any part of that 200-300 dollar range was an amazing price, why squabble over pennies now when most people buying today believe it will eventually surpass ATH?

For what it's worth i've been saying this for a while now, so it feels good to be proven right.

>>9837332
The real shakeout will be the next leg down that brings us to new lows

>>9837626
You zoom out and take a bigger picture view of the trend and not get distracted by daily fluctuations

>>9827089
Yeah you should be really fucking nervous. Pic related, your future.