/biz/ - Business & Finance

[Anonymous No.7094029]

How important is it to learn TA or to even understand the coin you’re buying biz?

[Anonymous No.7094059]

the only TA i need to know is buy high sell low

this is how i made my first trillion

[Anonymous No.7094064]

>>7094029
>or to even understand the coin you’re buying biz?

"Penis."

I rest my case.

[Anonymous No.7094092]

>>7094029
Bollinger Bands and Moving Averages are enough. Here are some patterns for babby.

[Anonymous No.7094127]

>>7094029

How are you buying any coins if you don’t know any TA and you don’t know what the coin does? Do you unironically pick one and hope it goes up?

[Anonymous No.7094225]

>>7094029
Understanding a coin is necessary if you want to convince yourself it's a good long term hold. This is how you get strong hands.

TA is only important for visualizing low points, periods of accumulation, and potential selloff areas.
All you need for TA are daily charts, 150-200 period SMA, fibonacci extensions and an intimate understanding of the kinds of buying/selling behavior that chart patterns imply. Then you look at a lot of crypto charts and see what happens and for how long and why (correlate with movements in BTC, in overall marketcap, with news events). TA doesn't tell you what's going to happen, but it gives you a visual tool to understand market sentiment and where exactly you are in a market cycle, and how much you can expect a coin to move before slowing down or changing directions.

Market sentiment is the most important thing to understand for entry and exit, understanding the tech is the most important thing to understand how good your hold is, and TA is a supplement to the previous two that can help you make better short term investment decisions (but it is very difficult to make this work in practice, don't try it if you are an emotional faggot).

[Anonymous No.7094388]

>>7094092
>>7094225

thanks frends

[Anonymous No.7094875]

learn momentum divergence to allow buying low and selling high

https://www.investopedia.com/articles/trading/08/price-momentum.asp