/biz/ - Business & Finance

pattern is slightly different, and to me that sharp drop from 6k means theres going to be nasty resistance for a while. maybe not another year bear, but another year of sideways

>>12310668
I like how these meme lines always change

>Draws random lines
>"TA"
Yes BTC has been in an overall upward trend since its inception. Everyone knows that.

>>12310668
89ron go to bed

based and redpilled

>>12310668
really activ-really activ-really activates my almonds

>>12310668
Squirrels hate almonds.

>>12310668
So we're standing on the last support? What happens when it breaks?

>>12310751
i redraw the lines

>>12310668
I wonder if this board ever realizes that there is an entire field dedicated to forecasting future data based off of previous data called decision science and they write theses and publish studies about how TA doesn't work. It's scoffed at.

But you are busy chasing memes and dreams and have never heard of simpleton shit like the random walk.

I fucking love /biz/.

>>12310685
>89ron
From Dero discord?

>>12310758

>>12310758
holy fuck haha

>>12310769
Preach. I bet most of /biz/tards never heard of irrational trading.

>>12310709
nice ta bro do you have a twitter or discord

>>12310769
Markets are self fulfilling. TA works if the market follows it

>>12310668
huh

>>12310814
>what is speculative assets

>>12310814
You are partially correct. TA is a self-fulfilling prophecy because a bunch of retards on the floor of wall street think it works and hedge fund managers caught on to that and play it. Chaotic normies thrown in the mix with bad TA alongside the regular noise and you have a true recipe for stupidity and over-correction.

t. actually had lunch with a hedge fund manager a few weeks ago and is a corporate accountant

protip: TA gets raped by insider trading. Short %s are the most important thing to look at.

>>12310806
kek. /biz/ is just smart enough be to stupid as fuck. They make the mistake of assuming most people trading are as smart as they are or at the very least rational.

heres another meme line

F

>>12310709
Now that, is BASED AND BLACKPILLED

>>12310882
f

whoever posted this pic, got it pretty close to the current graph.

Forced TA.

>>12310882
DELET

>>12310856
Even insiders and institutions use TA

>>12310668
why didnt you buy at 3400?

>>12310939
Haha insiders and institutions are so removed from each other I can tell you have no idea what you are talking about. Completely unrelated. I'm not even trying to be a dick.

>>12310959
my last buy was at 3300

>>12310939
TA is bullshit, it's even more bullshit when the market your quoting doesn't react to negative news in a standard way, a russian hacker group could steal millions via bitcoin and nothing would hapen to the stock price, yet a MT Gox type event happens and it suddenly tanks to shit.

>>12310982
could have sold at 11k and then bought back now.

>>12310966
>there are no insiders within institutions
>institutions never insider trade
lmao

**Awesome**

https://youtu.be/FeNYjYA2lVg

>>12311060
I can't tell if you are a troll or actually helplessly lost at this point. Congrats?

>>12310910
This seems the most likely.

>>12310769

I wonder if people also realise that the most successful hedge fund (Rentech) employs exclusively technical analysis to execute trades.

>>12311130
Yes, (((they))) would never cheat and lie

>>12311088

/biz/ is a bunch of 20 somethings with no money or experience investing who base their investing strategy off memes, delusion and luck. The fact that people here think TA doesn't work or is a 'meme' was pretty shocking to me when I first saw it. It make sense though, none of you tards have ever made money in the markets.

>>12311130
Wow sure smells like survivorship bias in here.