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/biz/ - Business & Finance

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9086790 No.9086790 [Reply] [Original]

title, pls no discussion whether you think TA is good or not pls

>> No.9086803

>>9086790
TA is useless faggot

>> No.9086825

>>9086803
Its not, because every one uses it and acts based on the TA patterns

>> No.9086843

>>9086790
>I'm literally dumb enough to believe earning millions is something lying around on youtube yet somehow it's so unpopular I can't find it.

>> No.9086854

>>9086825
>every one uses it
lol
>acts based on the TA patterns
LOL

>> No.9086867

don't do ta. the only period i've ever lost money in crypto was when trusting on ta. shorted the whole btc run up from 8k to 17k. Tradingview is the worst site ever as well. don't believe the shit on there

>> No.9086875

Retards dont reply pls itt

>> No.9086893

>>9086875
>>9086867 is correct though, most TA is absolute garbage especially anything you'll find on youtube. There is no magic bullet, you have to learn what works for you and your own insight and trade your own charts, asking for someone elses' TA is going to set you up to fail

>> No.9086899

>>9086825
this guy gets it.
My TA predicted a 9.5% whale dump 2 minutes before it ever happened. Guess who's buying cheaper bags?

>> No.9086907

>>9086790
There not many anon,

Google "trading in multiple timeframes"
Should give you some good starting videos/ reads

>> No.9086923

there is literally not a single tangible, definite way to make money with TA. show me a single concrete 'strategy' that can consistently make money.

>> No.9086927

>>9086875
MY MOM MADE 300,000$ WORKING FROM HOME BY FOLLOWING THESE 5 SIMPLE RULES

DON'T LISTEN TO THE HATERS!

>> No.9086961

>>9086899
>can literally see the future
>still posts on 4chan several hours a day instead of taking the helicopter to the beach
k

>> No.9086994

>>9086893
I dont want someone elses TA, I want them to explain different TA tools to me so that I learn to make my own. Maybe there are youtubers who actually know what they are doing, thats why im asking.

>>9086907
Ill check it out.


Are you guys actually retarded? Ofc TA can be wrong, but there are so many people who buy after the TA advice of paid crypto groups, so many people who follow top trading view guys, following 4chan /biz/ advice etc. and if most TA guys see the same patterns its a self fulfilling prophecy.

>> No.9087006

>>9086790
unironically Philakone,
watch his lessons, ignore his calls.
I suspect he's sometimes "wrong" on purpose to dump on his followers.
Focus on identifying good risk / reward trades.

>> No.9087027

>>9086994
>its a self fulfilling prophecy.
so what's the problem then retard?
Just do what everyone else is doing and get rich quick. it's THAT simple. Sign up now for just 5.99$ a month.

>> No.9087044

>>9087027
Im in crypto groups and make good profit based on their calls and advice. I just want to learn it to do it myself.

>> No.9087043

>>9086825
that's why /biz/ is full of pink wojaks, now makes sense

>> No.9087077

>>9087044
>I want to work more for the same money
whatever you say dummy.

>> No.9087143
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9087143

I started from books and IRL people but it's just that it's not really that good to follow. Bad wisdom gets passed down. People talk about divergences but then they take tops when they should be taking the bottoms and it's not like they're trying to confuse people it's just people talking about what they think works. And the same plays don't make the same sense to different people. You do it, you test it a lot on your own and you write it down then you decide what works and doesn't and when it's not even worth it to try. And you fight your own biases all the time and maybe you draw the right memeline but you don't have the pencil that matters. Just don't go bankrupt. Practice and judge results and give things time, don't just jump to the next one.

> No discussion
OK Joe Zabbia is decent as far as I know, good luck.

>> No.9087211

https://steemit.com/bitcoin/@philakonesteemit/25-cryptocurrency-tutorials-35-hours-free-and-comprehensive

>> No.9087259

>>9087077
Living the NEET life currently so I got plenty of time on my hands and I actually want to have the skill to do my own ta.


>>9087143
Ty will check him out. Just didn't want the thread to detail. I don't say that TA is correct by it's nature, more of a psychological thing.

>>9087211
Ty

>> No.9087273

>>9087259
>I actually want to have the skill to do my own ta.
It's not a skill if "its a self fulfilling prophecy" retard

>> No.9087293

>>9087273
It's a skill to see the same things as the pro traders.

>> No.9087311

>>9087293
>he thinks the people making videos for ad revenue are "pro traders"
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAAHAHAH

>> No.9087344

>>9087311
are you trolling? I'm speaking of the ta of my crypto group for example. Not the ta of YouTube retards who want to get rid of their bags, but people with actual knowledge that made millions and continue to do so

>> No.9087358
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9087358

>>9086790
>TA
this is all TA you will ever need

>> No.9087418
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9087418

>>9087344
>my crypto group
>made millions and continue to do so

>> No.9087464

>>9087418
You have to take my word that he made millions. Why would I lie, I'm not here to still the group, but to learn more about ta

>> No.9087492

>>9086867
That TA was correct though.
If you weren't shorting, but instead only selling all the way up, you'd have been able to rebuy your entire BTC stack and then some if you bought at all prices below 8k afterwards...

AND you get to keep all the profit from selling all the way up to the top.

The TA was correct in that it was overbought, so selling anywhere there is correct. BUT shorting mania is stupid because the chance of correctly calling the top is very low.

>> No.9087558

>>9087464
>You have to take my word
lol
>he made millions
>he (singular)
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAAH
All the guys who bought dogecoin as a joke and made millions? They must be TA geniuses too! No, luck just can't be a factor, my sample size of literally 1 proves that wrong

>> No.9087645

>>9087558
His TA usually checks out and I make good profit based on the calls. Where do you disagree with me or are you just debating for the sake of being right rn?

>> No.9087736

>>9087645
see >>9086961

>> No.9088277

>>9087358
nice pink

>> No.9088310

>>9086790
Read a technical analysis book, I suggest John Murphy's TA of financial markets. Read it through, make notes, do some practise. Then, watch every single episode of shitcoin talk on YouTube. Those motherfuckers are probably the best resource to learn crypto. They are all very knowledgeable about different areas of the crypto market, including TA, and some of them are the best in the game.

It's also fun to watch.

>> No.9088333

>>9088310
Also, don't listen to people who think TA is rubbish, they're retards who don't have the discipline to learn something new. And don't bother about Elliot Wave, it's a piece of shit that doesn't work.

>> No.9088377

Wow, no wonder you're all poor as shit. wyckoff academy. Go learn that shit. It may save your life.

>> No.9088385

i like Chris Dunn and BTCKyle

>> No.9088509

>>9088310
Ty, probably the best answer

>>9088333
Yes, I read that with elliot waves somewhere. Anyway ty will do some reading now

>> No.9088552

>>9088509
Gl anon. If you're willing to put the work in you'll do well.

>> No.9088576

>>9086790
TA is no different than tea leaves. You cant predict the future with any accuracy. Sometimes you just get lucky and are right. With all the TA tools, one of them is bound to be right, leading you to believe TA works.

>> No.9088614

>>9086867
kek. you must be shit at ta if you've done this.

>> No.9088629

>>9088576
>i'm a pleb who hasn't bothered even trying to devote some time to learning it and instead just spout shit from my ass

>> No.9088633

>>9086790
btckyle
dobe4ever

>> No.9088636

>>9088629
see >>9086961

>> No.9088649

>>9088552
Apart from TA, do you think its important to have a good understanding of economy (using this word because I dont have it)? If so, id appreciate if you could suggest a book/books too.

>> No.9088669

>>9088636
If you think that's what TA is then again, you're retarded. It's not about saying "THIS IS 100% GOING 5x GO ALL IN", it's about knowing the likely paths and planning accordingly.

>> No.9088685

@cryptocred has the best TA lessons. Start with horizontal support/resistance and then RSI. Youll be rich once you get the hang of it anon.

>> No.9088704

>>9088649
A good knowledge about markets is pretty fucking great. I believe from learning TA, and where TA takes you, you'll learn much more about markets and that will allow you to trade better.

Shitcointalk will help with this. Also, read the book "Reminscinces of a stock operator", a classic book.

>> No.9088720

>>9088669
most "psychics" don't claim 100% accuracy either.
If you're consistently even 10% better than chance you will literally become the richest person in the world in less than a year. That's grade school math buddy.

>> No.9088773

>>9088685
literally had his youtube channel open, will watch them. TY

>>9088704
Aight ty again. If you have any other book recommendations let me know. The other lurking anons and I would greatly appreciate it desu

>> No.9088779

Elliot waves are shit. Don't really rely on indicators (although RSI, EMAs and volume profile can help). Risk management is the single most important aspect of trading.
You can do very well with just resistance, support, trend lines and chart pattern.

>> No.9088791

>>9088720
>That's grade school math buddy.
Do you mind taking me through the math buddy? What you said makes 0 fucking sense. Just because I can be consistently profitable doesn't mean I can turn $1 into 1 million in a year.

That being said, yeah, I've made a fuck load of money with TA over the last few years in crypto, and most good (keyword there, not everyone who does TA is good) technical analysts I know have also. Do yourself a favor and search up accumulation and markup and see if your brain can comprehend why being able to spot accumulation is a powerful thing.

>> No.9088801

>>9088779
this nigga knows whats up

>> No.9088841

>>9088791
>Do you mind taking me through the math buddy?
>get 6/10 predictions right on average (slightly better than a monkey)
>trade 10 coins with 100x leverage
>4 on average drop 100%
>6 on average gain 100%
>profit = (40*0 + 60*2)-100 = 20%
>repeat 100 times
You're now a billionaire.

>Do yourself a favor and search up
see >>9086927

>> No.9088873

>>9088841
Not even going to bother responding if you can't even google and read for a few minutes. Enjoy buying my bags at the top faggot.

>> No.9088895

>>9088873
>literally arguing against math
lol

>> No.9088922

>>9088873
Lol you twentya?

>> No.9088956

>>9088922
?

>> No.9089040

>>9088956
Anyway ty, ill put your information to use