/biz/ - Business & Finance

[Anonymous No.13590468]

If Technical Analysis and following the right people works, then why doesn't everyone do it?

[Anonymous No.13590489]

>>13590468
everyone except you is doing it mate

[Anonymous No.13590504]

>>13590489

Then why isn't everyone rich?

[OmegaMaker !i6apW.sJiU No.13590510]

everyone does it. And thats why its successful. its a self fulfilling prophecy.
except you of course because you're nothing but a degenerate gambler

[Anonymous No.13590516]

>>13590468
If they were good at it they'd be employed as analysts. These are bipolar neets who have posters of how to make your first mil by 30 on the bedroom wall.

[OmegaMaker !i6apW.sJiU No.13590538]

>>13590504
everyone isnt rich because emotions come into the way of it. for example you fomod in at the top when all indicators point towards a colossal dump. If you're an excellent trader like me you would be able to handle your emotions and think logically.
>pic related one of the few logical predictions that were not followed by.
>also pic related lel at believing this shit TA scrub phil

[Anonymous No.13590568]

>>13590538

But Phil is rich and claims to be rich with TA.

[Anonymous No.13590614]

>>13590538
Poor bobo, not getting enough attention? :'(

[Anonymous No.13590631]

>>13590538
Omega, when will this madness end?

[Anonymous No.13590681]

>>13590468
Using someone who has the hairstyle of fucking pic related as an example of >the right people

[Anonymous No.13590684]

>>13590468
>If Technical Analysis and following the right people works, then why doesn't everyone do it?


because most people are lazy and/or stupid

[Anonymous No.13590773]

>>13590684

But you don't need to be smart to draw lines from peak to peak and know when lines cross. Or follow Phil on Twitter.

[Anonymous No.13590834]

>>13590468
Because useful TA is much more nuanced and conceptual than what the retail plebs are led to believe. The free stuff you see online (aka meme lines) is meant to be easily digestible and "work" out of the box - not profitable

It's an art, not a science. and it takes a lot of studying (which most aren't willing to do)

[Anonymous No.13590852]

TA is mathematically invalid. You cannot predict a random walk.

[OmegaMaker !i6apW.sJiU No.13590881]

>>13590631
all indicators point towards a dump either tonight or within the next 2-3 days

[Anonymous No.13590960]

>>13590881
I've seen you embarrassing yourself in multiple threads now bobo.

[Anonymous No.13590972]

>>13590881
When you say dump, do you mean re-tracement / dip, or full on dump (to $4k)? Not too interesting in the small dumps but the bigger picture.. All indicators overheated but who knows how high this can go before it comes crashing down

[Anonymous No.13591017]

>>13590881
btc is traded on emotion and manipulation, normal TA does not work on it

[Max Cho No.13591083]

>>13590881
hey bro im still waiting on MAS to moon like you said. I went all in because you are always right, but I feel like I'm missing out not being in BTC.. what should I do

[Anonymous No.13591117]

>>13590881
>there might be a correction after a 20% run on bitcoin

Wow thanks for the insight you stupid faggot. How did you escape my filter jail btw? I shouldn't be seeing any of your posts.

[Anonymous No.13591127]

>>13590468

It is a fatclap thing. Snake oil salesmen has become a cultural trope where they need a named person telling them what to buy and entrusting their hope into.

Here in Europe you don't get any of that stock tipster shill bullshit.

[Anonymous No.13591135]

>>13590468
Okay, this is it, Bitcoin is crashing to $2k

[Anonymous No.13591203]

>>13590504
/thread

Millions of people read technicals, business books and magazines, and yet most of them get marginal results.

Here's the secret. I'll give it to /biz/ for free: you will never get rich because of a channel you watch or a book you read. It can help you a lot, but ID: vgGkxcVx nailed it >>13590504

[Anonymous No.13591308]

>>13591203

Then what do I need to do?

[Anonymous No.13591348]

>>13590681
much this.

[Anonymous No.13591367]

Because it only works sometimes

[Anonymous No.13591465]

the only TA that works is the TA you do yourself
not you though, it won't work if you're a seething brainlet

[OmegaMaker !i6apW.sJiU No.13591478]

>>13590881

as you can see we re-entered the channel.
expect a dump down to about 5600 bitfinex prices before a possible bounce. and the lower option would be around 4.4k
tonight or tomorrow we should make the official break downwards.
screenshot this

[OmegaMaker !i6apW.sJiU No.13591562]

>>13591478
ascending broadening wedge is very bearish incase you idiots didnt realize this. anyways screenshot my posts to neck yourself later for being a absolute emotional estrogen filled faggot

[Anonymous No.13591591]

>>13591465

But if is a self fulfilling prophecy. Then everyone else must reach the same conclusion?

[Anonymous No.13591604]

>>13590881
not this goof ball again jeez
been wrong SOOO many times

[Anonymous No.13591619]

>>13591562
>>13591478
BASED, you been a fag in the past, but thats the name of the game on BIZ. 100% with you on this one fuck all the haters

[Anonymous No.13591634]

>>13591562
Shut the fuck up, you insufferable cunt discharge. As always, post your positions or get the fuck out.

[Anonymous No.13591646]

>>13590852
TA isn't a prediction tool. It is for risk management.

[Anonymous No.13591722]

>philakone
It has been a while since I last saw him mentioned here, Last I heard of him he threatening to hire a hitman on his ex, kek. Let me tell you the truth about this clown.
I followed him from the very beginning around September 2017, back when he was a nobody with 200 views per video and less than 500 followers on twitter. I found him because he did a lot of TA on ETP Metaverse, a coin that I was interested in at the time. I was a summer 2017 newfag, completely clueless about the market, so when I saw him draw all of his Elliott Waves, all of the trend lines and Fibonacci levels and all the other shit that he draws but never uses, I was impressed. This was during the great bull run. He did TA on as many coins as he could, all projected to go up. And he was right, because it was the bull run. So his popularity grew. Then the bubble popped he continued to do analysis, except he was dead wrong about it all. His popularity was exponentially growing still, but his analysis was terrible. His popularity grew largely because he posted a lot of his trades and he was consistently winning. That is true, he is an amazing SCALPER, I learned from him myself, but that is all that he is. I said that he did TA with shit that he never uses, and that is what I meant. He draws long term charts that were only correct in the bull run but he does not trade long term. He is a scalper, his trades do not last longer than a few minutes typically. Anyone who knows their shit will tell you that his TA is trash, he makes so many mistakes that noobs do not pick up on. He does not trade on his long term TA. He draws Elliott Waves but he never uses them. He only trades reactively on short term bear/bull divs. You should not be following him if you want to learn TA.

[Anonymous No.13591748]

>thinking TA works on BTC
*maybe* in the very short term, but thinking you can TA btc into the long term is mentally retarded

[Anonymous No.13592486]

>>13590510
I don't get it. If everyone is doing the same thing, wouldn't any TA already be priced in?

[Anonymous No.13592546]

LOOK AT THIS DUDE

[Anonymous No.13592561]

>>13590510
everyone does it, and that's why it isn't successful. winning strategies are subject to diminishing returns from the crowds all piling on and the situations that did exist that were profitable at one point are ground down into nothing.