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8911349 No.8911349 [Reply] [Original]

Can TA be applied to altcoin-BTC pairings? I'm winning in USD but losing in sats

>> No.8911382

TA is tea leaf reading. It is interesting to build startegies on it and test them after a move, but you can not predict anything. Also alt coins, the OP macro is fitting

>> No.8911384

Yes, it can be applied. It'll be equally useless.

>> No.8911390

>>8911349
>Can TA be applied
no.
In the 500 years of finance there has never been a successful TA algoritm. Anyone who could prove otherwise would immediately win the nobel prize in economics.

I don't know why retards keep clinging to this dream. Is it because TA is so simple, that it's the only thing they can grasp?

>> No.8911564

>>8911390
Retard. Most trades today are made by Bots. And they are successful there are even Sites where you can let your Bots run on other Servers and backtest them like quantconnect.com. And yes they are working with TA.

>>8911382
TA is working because its based on market psychology and because when traders believe in it it will become real because traders will trade based on it. Like a self-fullfilling prophecy. Just go on tradingview and look for some resistance lines on some charts, you will see that there will be some resistance too for the next time the chart wants to cross it.

>> No.8911577

TA works on the pairs that people actually trade. If anything, TA should work worse on altcoin-usd because those are ultimately just calculated values.

>> No.8911589

>>8911349
can I TA usd/feels?

>> No.8911685

>>8911564
The average trade bot does not outperform chance retard
https://en.wikipedia.org/wiki/Survivorship_bias
>Anyone who could prove otherwise would immediately win the nobel prize in economics.
Winning the nobel prize grants you roughly one million dollars. Don't you want one million dollars?

>> No.8911708

>>8911349
>a potentially good TA thread
I will wait for a moment before posting

>> No.8911712

>>8911564
did you really type all that out?
>BTC shoots up and down $1k in less than 20 mins
>Alt bots crash for an hour

>muh TA could predict
blackhole_brainlet.jpg

>> No.8911827

>>8911685
Define "successful"

Successful Bot is one that makes Profit. It doesnt has to be better than simple holding an asset. Because no one can see the future and the Bot can get me out of that asset before I lose too much. Its called risk managment. Where you get that nobel prize shit from?

>>8911712
Of course, fundamentals will always beat TA. The news that PayPal would integrate BTC would stop a bear market. But that does not mean that the bear market wasnt there till that news. Fucking meme triangles arent forming themselves by mistake. But since every alt is depends on BTC TA can loose that fight easily.

>> No.8911939

>>8911827
>Define "successful"
Outperforming index is pretty much the only metric used in judging funds/strategies/bots, otherwise you'd just buy an index fund.
>Successful Bot is one that makes Profit.
>my bitcoin TA bot netted me 1% profit over the last 5 years, therefore it was successful
lol retard.
>Where you get that nobel prize shit from?
Reliably being able to predict a market it would be the single biggest discovery in economics, period. It's the holy grail.

>> No.8911948

>>8911564
I'm still not quite sure if Technical Analysis is necessarily better than chance desu. There were times where using technical analysis charts made me money. And times where it lost me money. There are times where BTCUSD is in a bearish pattern, I then proceed to sell but then some bull whales pump it. And times where BTCUSD is in a bullish pattern, I buy, only for me to get dumped on by whales. lmao.

When it comes to crypto, whales can impose their will however they like and then TA goes out the window. Right now it seems like whales trade for the purpose of liquidating fish with margin positions. So I'm not sure if reading the tea leaves is the best strategy. Like right now the charts are screaming buy. But it wouldn't shock me if the whales dumped any minute now in order to liquidate all the longs and gobble up their cheap coins.

>> No.8911989

>>8911948
>I'm still not quite sure if Technical Analysis is necessarily better than chance desu
It's proven not to be. TA is the perpetual motion of finance. Only retards believe in it.

>> No.8912236

>>8911589
Can I borrow a feeling?

>> No.8912502

>>8911685
A successful TA bot is worth infinitely more than a million dollars, you retard.

>> No.8912703

>>8911390

Cool story. That's why TA trading bots don't work. Oh wait....


>>8911685
Yeah.....I'm sure (((economists))) are going to come out and admit that ALL markets are just rigged casinos, predictable with the right algos, and that their entire discipline is bogus.