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13963614 No.13963614 [Reply] [Original]

Redpill me on technical analysis

>> No.13963670

>>13963614
Sometimes it works, sometimes it doesn't.

>> No.13963701

>>13963614
more than 1 line and the ma200 and it's a scam
also lower than weekly timeframe and it's a scam

>> No.13963711

I N D I C A T O R S

>> No.13963718

It unironically made me gay.

>> No.13963721

>>13963614
You're never going to do it better than the Wall Street hedge funds. It's a losing game. At best you have the same odds as Las Vegas.

>> No.13963730

>>13963721
Also here's a tip: alpha = insider information. 100% all the fucking time.

>> No.13963748

>>13963730
unironically this lmao

>> No.13963778

>>13963730
can you explain this for a layman? don't know what you're referring to

>> No.13963782

>>13963721

Why exactly would you need to do it better than a hedge fund?

>> No.13963793
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13963793

>>13963614
Sometimes a self-fulfilling prophecy, most of the times technical analyst = homeopathic doctor, astrologist, holistic healer etc.

>> No.13963801

>>13963730
here is also a tip:
Sometimes the market makes no sense at all and doesnt reflect shit in the real world

>> No.13963805

Memelines & MemeTriangles

>> No.13963812

>>13963721
So is it fair to say that TA is as realible for prediction as the record of previous numbers on a roulette table

>> No.13963828

>>13963812
The indicators that are shilled constantly most definitely are. Nobody is going to hand you a working formula to make money on a silver platter for free. That's beyond retarded. The reason MA is so heavily shilled is that it makes someone else more money.

>> No.13963834
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13963834

I think it's more about human psychology. If you combine meme lines and volume with market sentiment you can kinda understand when the top is in or something. Idk I just hold my 21k LINK and that's it. Trading is way too stressful for me. I got better things to do(I think).

>> No.13963835

How can you chart a wave using a straight line? 99% of TA is bogus

>> No.13963840

>>13963793
you understand that as a trader you make money off of less informed traders right? educating people about the fact that their garbage strategy is indeed garbage is against your interest. please let retards be retards so we can continue making money

>> No.13963927

>>13963730
I don't know what your referring to when you say alpha in this context.

>> No.13964106

>>13963614
It's all mumbo jumbo mathematical bullshit that billionaires use to cover their insider trading. They devote a long time and even write long books to make us plebs think they got some special ability or are gifted or some shit instead of just knowing and getting together with the right people.