[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 68 KB, 805x851, 1572359769151.png [View same] [iqdb] [saucenao] [google]
24295915 No.24295915 [Reply] [Original]

isn't a coin throw more precise?

>> No.24295934

>>24295915
Useless in Crypto except for the top 10 with enough marketcap and volume.

>> No.24295935
File: 8 KB, 640x794, 158711035316660.png [View same] [iqdb] [saucenao] [google]
24295935

basically line go up until it doesn't

>> No.24295952

>>24295915
Its like horroscopes for men.

>> No.24295994

>>24295952
Very good analogy

>> No.24296021
File: 52 KB, 640x706, i feel fantastic.jpg [View same] [iqdb] [saucenao] [google]
24296021

>>24295915
With crypto, yes
With real stocks no

>> No.24296224

>>24295952
That's what they call the the MBTI personality model as well but there are pattern categories which seem still useful to have even if far away from any scientific approach.
Useful because personality types have a lot of predictability attached to them that is if you express a trait x and ask questions in a specific manner then you're more likely to have traits y and z than if you wouldn't express a trait x and ask questions in this particular manner.
Is this true for stock markets as well but not for crypto because of the volatility?

>> No.24296388

>>24296224
TA can't possibly work, and if it does, it only does because the majority uses TA. For every gain you make, someone has to make losses. If everyone follows TA, then everyone would be able to make gains, but that's just impossible.

>> No.24296412

It worked well in 2017 and in the first few months of the bear market, because that's when the dumb money is abundant and they make easy mistakes you can capture with basic TA. But once retail gets wiped out it becomes a game of traders vs traders, then traders vs quants which is where we are now. This happens every cycle, people gave up on TA and trading in 2016, when they really should have started preparing.

Basically, take it less seriously when every market participant is posting about esoteric shit like bearish divergences, and more seriously when market participants don't even know what a moving average is.

>> No.24296488

>>24296412
dude just buy links and hold until you are rich. No need to study some voodoo for months.

>> No.24296546

>>24295915
Statistics based indicators are useful.

>> No.24296573

>>24296488
You need 10minutes to study DCA for it.

>> No.24296595

>>24296488
You can do both. Right now I just hold and don't bother with charts or TA, and I'll never sell. But a year from now I'll have a dedicated stack of money specifically for fleecing noobs with. It's easy money.

>> No.24296735

>>24296021
This

>> No.24296755

>>24295915
You need to learn the difference between precision and accuracy Anon.