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/biz/ - Business & Finance

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11195532 No.11195532 [Reply] [Original]

>> No.11195548

TA is great but Elliot Wave Theory is bullshit

>> No.11195551

Gives you the ability to rely on yourself and not be some nigger buying fud

>> No.11195557

>>11195532
it literally isn't at all. it's tea leaf reading convolved with the post hoc ergo propter hoc fallacy.

>> No.11195571

The real question is, why aren't you a billionaire yet?

>> No.11195576

it's sel fullfilling prophecy, the more educated the market the more accurate the TA

>> No.11195637

>>11195571
>my stocks got -10% this year but its ok because I bought them cheap with FA
t.

>> No.11195650

>>11195637
you long silver or link?

>> No.11195688

>>11195637

FA unironically makes people much more wealthy than TA does in investing. picking sleeper companies with good management, good books, a long term vision and a p/e ratio with plenty of headroom is so much more valuable than scalping chart patterns in the stock market.

>> No.11195701

>>11195557
Poor gag spotted

>> No.11195713

>>11195701

incorrect. i hate TA because it leads people to ruins and i invested in bitcoin in 2013 based on pure fundamentals and was rewarded handsomely. been around in this game long enough to know TA is bullshit. you'll get there.

>> No.11196306

>>11195713
anything would have worked at that time, honestly

>> No.11196709

>>11195532
The majority of trades on exchanges are made by bots..bots need some sort of algo/programming to function and most if not all use ta indicators to trade..so by knowing ta you can predict the direction/behavior of future trades..


What sometimes fucks this up (and why ta isn’t perfect) is the human element..for example if a link bag holder wants to unload a few hundred k link at market price all the ta in the world won’t save you

>> No.11196823

>>11196709
What are some non meme TA techniques?

>> No.11196839

>>11196823
Head and shoulders

>> No.11196876

>>11196839
>>11196823

>literally the biggest meme

>> No.11196931
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11196931

>>11196823
Attached pic with the common patterns- investopedia/stock trader.com etc. will have more details about how to trade them..the guy who posted this on Twitter is pretty good too- I do my own ta but like to check his page once or twice a day..

If you’re really serious would also recommend learning about candlestick shapes too..knowing shooting star, gravestone Doji, etc. has saved my ass a bunch of times...shooting star got me the fuck out of ripple at 11k sat as a recent example of how knowing candlesticks is useful

>> No.11196994

>>11196931
For indicators you don’t really need anything too fancy- find one of two that work for you stick to them at first anyway.. would recommend some combination of ema,macd,stoch rsi, or Bollinger bands

>> No.11197114

>>11196823
Support and resistance are king.

Fibs are probably the biggest meme. If you spot anyone using fibs, they're guaranteed to be fucking retarded.

>> No.11198074
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11198074

>>11196931
>candlestick shapes

>> No.11198741

>>11198074
Lol patterns might have been better but only a re didn’t know what I meant