/biz/ - Business & Finance

>>56293388
Literally why?
Just look at halvings instead, this is utterly moronic

I hope these people rope when bitcoin hits 15k again but I just know they'll add another color and say it's a new phase or something.

>>56293483
you missed the dip bobonigger

>>56293447
yup, just wait

>>56293388
Yes of course. High IQers in contrast did the necessary TA over a year ago in 2022 (like in April 2022 like picrel) and hence haven't needed to do any TA this year.

>>56293447
>implying halvings aren't moronic
NGMI

>>56293388
TA is the biggest scam invented by the banks
Price is NOT random
There’s an algorithm who’s job is to efficiently deliver price and pair orders.
If an asset can be traded, it’s value is decided by this algorithm
Read about Payment For Order Flow
Technical analysis is rubbish

>>56293504
Sure keep telling yourself that. Meanwhile... yield curve... dxy... reit... sovereign debt crises. I'm sure you won't run out of buyers any time soon.

>>56293388
>d’écran
I SMELL GAY MUSTACHES AND TOILET WATER

>>56293509
Thanks I'm saving this.

>>56293550
it's already proven wrong

>>56293509
10k is programmed

>>56293388
looks like three flying locusts

>>56293388
A beautiful butterfly

>>56293509
which moving average parameters did you use anon?

If you had a working TA system like all these fags on the internet claim to do, then you'd never need to shill it for 20 bucks. Why not just use the working system and upsize your trades?

TA is literally insanity. Predicting the future based on the past.

WE OWN THE FLOAT

>>56293566
elaborate, it's not 100% clear

>>56293509
I never did any TA in my life and just based on feeling and experience of being in crypto for a while I've been expecting pretty much the same.

>>56293531
There is not a debt crisis you fucking retard, the us govt debt just hit an all time high

>>56293509
Is there anything sadder than fibonacci fags? Why don't you post an up-to-date gif? We are not at 25K anymore

AI basically proves that TA is a complete meme.
If memelines were a skill, an artificial intelligence bot could be built to do it 10x better. AI can use and consider more datapoints more accurately than any human could ever dream to, every action would be backtested from all markets in miliseconds before said action takes place. Hell, even if it was profitable "just" 51% of the time that AI bot would make billions in a single day.
It wouldn’t even be that hard (relative to something like chatGPT) to create a ML algorithm capable of predicting market moves with astounding accuracy given the history of that market IF those moves were capable of being predicted based on past market data. The fact that nobody has built this, the most lucrative ML algorithm that could ever be built, means its likely impossible because TA is 100% survivorship bias.
>but muh youtube guru says it works and he has a lambo just draw a line bro and it's magic lmao
Yes, for some people it will work, based on nothing other than random chance. Thats how survivorship bias works. If TA were a skill, the person who is MOST skilled at it would quickly become the richest person in the world by many orders of magnitude.

>>56293388
There's people who believe the earth is flat in 2023.

>>56293512
>implying

>>56299278
TA would work with complete control of information systems and/or the ability to divine man's inner thoughts. The problem with TA is you're deriving a conclusion based on assumptions - those assumptions being the composite man's reaction (buy/sell) to a stimuli (the chart). Whether it's an AI or a human doing the TA, those assumptions are still present and always will be present for as long as both man and the market are, to a certain extent, free.

Be thankful TA doesn't work; the chaos inherent in our system is the last bastion of our freedom.

>>56293509
But it didn't go down after 25k, you'll have to redraw it once again bobo

>>56293509
do they even realize how the network functions
now its not that it cant crash but a major crash into the halving will be catastrophic to the network and will not result in a quick green up arrow immediately afterwards
your memelines dont supersede fundamentals

>>56300245
>your memelines dont supersede fundamentals
wrong

>>56293388
ha ha graph spotted lanternfly

>>56300131
We still have until 2024 for it to go next leg down. Prepare for blackswan Christmas.