/biz/ - Business & Finance

>>10737492
Imagine being this fucking stupid

I don't know what you think "TA" is, but all you need to do is pull up a chart of bitcoin and throw some basic moving averages and it's pretty clear that they act as support and resistance. How hard it is to understand that it's self-fufilling in the sense that a number of market participants are looking at the same lines, and using those to influence their actions, which in turn validates the lines as support and resistance.

I mean shit, I've only tripled my bitmex balance since March using nothing but TA as the basis for my trades but shit what would I know, I've only been following these markets daily for 4+ years so clearly this random anon on the internet has convinced me to stop relying on "alchemy"

If you don't see clear lines of support and resistance on this chart you're beyond hope.