Why does technical analysis work?

[Anonymous No.57622647]

pic unrelated

[Anonymous No.57622683]

>>57622647
Why wouldn't it? It works for the same reason weather forecasting works.

[Anonymous No.57623589]

>>57622683
cause markets aren't real like air

[Anonymous No.57623606]

>>57622647
they don't
1000 tards on /biz/ and twitter all saying different things eventually will land on some correct predictions, the correct guessers will say they just used TA when in fact almost all of them did

[Anonymous No.57623633]

>>57622647
it used to work before everyone realized it works. not it's like 4D technical analysis that works. the first lvl indicators themselves no longer work because they get frontrun or baited. the elites get a combination of insider knowledge, knowledge of your trades before they execute, knowledge of your holdings, knowledge of your charting. and they "chart" based off these parameters which you don't have access to.
>Trading view
>Access to data from millions of charters and their opinions
>Front run their predictions
>Coinbase
>Access to data from millions of stop loss/limit orders
>makes their own trades before your trades execute

[Anonymous No.57623708]

>>57623633
This
The only way to succeed anymore is from cryptic price targets revealed in your dreams

[Anonymous No.57625030]

>>57622647
If you believe that groups of people will act predictably, when buying and selling goods, then you should believe that technical indicators are useful. If you believe that groups of people act completely randomly when buying and selling goods, then there's nothing really to be gained from technical indicators.

[Anonymous No.57625072]

>>57625030
You can’t prove it’s not all random

[Anonymous No.57625103]

>>57622647
you just zoom in or out until you vaguely see the shape you want to see, then make your losing play

[Anonymous No.57625107]

>HURRR DURR TA WORKS
>Is poor
HUH