/biz/ - Business & Finance

>>7865904
>calling trend lines over six hour trends
kek

poor pupper

>>7865904
Anon you needed to sell at 11600 where the support line was. But don't sorry too much, this won't break 11.4k and will probably retrace to 9k or lower

Itll drop below 9k. Heavy bounce back early march.

>>7866020

Thanks for the support but how do you know?

Gonna break 10.9 soon

>>7866074
Draw a line from btc all time high, to big bulltrap after it, to the recent high yesterday. extrapolate that line out and thats your upper support. If it grows at current rate it will hit that and dump (around 11.4 or so). I guess it could break it but nothing seems to indicate that will happen as we are clearly still in a bear market.

>>7866225
Itll break early march. Stocks will fall just b4. Thats the buy in time

>ta in crypto

>>7866509
>i ignore probability and math and just go with my gut

It'll be $9k next week.

>>7865904
>Is TA really as subjective as the pink men say

For most people yes. there's a reason even most pro traders have a 90/10 split on profitability.

There is a correct way to use it, but that correct way isn't something you just do on the weekends and get right.

>>7866546
Explain to me what probability and math have to do with TA

>>7866686
you're joking, right? that's literally exactly what it is. it's using math to create probable outcomes.

>>7865904
I made the same mistake, fell for the ta bullshit

>>7865904
Just using one or two indicators in a consistent, rule-based fashion for determining buy and sell orders often works, as long as it is a successful strategy historically. Drawing random lines and then trying to extrapolate is a lot more astrology-tier

>>786590
TA gives you clues, and most people suck at it. Keep it simple. Don't use meme indicators and don't listen to anyone on /biz/ or Twitter who claims to be a ta wizard. Better yet just don't say trade because say trading is for dumb impatient people who think they're smarter than neural networks

>>7866546

Show me 1 TA fag that predicted the boom in dec, the crash in jan and the bounceback in feb. All 3 of them. It shouldnt be hard right since its all just math according to you. Oh wait you cant give me just 1 person of the thousands doing this who actually was able to predict something.. Oh..

>>7866902
yea, that chart is floating around /biz. hopefully someone has it from the guy that called it in december before the peak.

I've seen dozens of different predictions these past few days and none of them predicted this. So yeah it mostly bullshit. You can't predict a retarded market like crypto anybody who says they can is full of shit

>>7866902
August 2017
https://twitter.com/yerbkhan/status/895814188198752256

>>7867009
thanks, anon.
>>7867005
it's not prediction. it's probability. giant difference.

>>7865904

>>7867009
FYI that is not the first one - J curve has been occurring since at least 2011. Each time it increases in magnitude and plays out over a longer period of time. Last truly significant one was in 2015, before that a couple in 2013 (April and December IIRC). which means it may be a long, slow tumble to an actual low before we see it repeat again (likely not till early-mid 2019). Of course, day trading makes it impossible to see these long term trends because you develop tunnel vision.

We are indeed still in a bear market

>>7865904
do you not listen to oracle?

>>7865904
>Is TA really as subjective as the pink men say?
If TA had any shed of merit any of these fags turning a daily 0.5% profit over a few years would be gorillionaires but that clearly hasn't happened, really makes you think