/biz/ - Business & Finance

i'm always checking if i can find some 30 min ascending triangle before i fill up my bags with utter dogshit

>>4610747
Godspeed

>>4610263
No one's claiming technical analysis is some sort of law of nature. Otherwise it'd just be called math.

>>4610263
RSI works if you use some fundamentals like when you see a million threads on /biz/ shilling a coin.

>>4611611
>BTC stays in overbought territory with LOW volume
>BTC doesn't correct with RSI crossover on high sell volume
Ok.

>>4610263
It is, don't forget the ichimoku cloud homie , the tenkan sen squiggles above the cloud, BUUUYYYYY

>>4610263
SHUT IT DOWN THE GOYIM KNOW

>>4611611
>RSI
I can vouch for this. When you're trading shit with high volume and hype, RSI is a good indicator.

love your analysis, where can I buy this dowjonescoin you're shilling?

>>4610263
With laggy transaction time baked in, all of that is the reason why BTC nudged just over 9k then went straight for 9500 before settling back to 9100. It's asinine

I take none of you are successful. Probably holders.

Carry on fellas.

>>4611828
Successful until a correction corrects your ass.
>10% gains
>10% gains
>30% dip because X bans Crypto
>flash crash during "wallet maintenance" ooops

>>4611875
>he buys before a correction occurs.

How do I know where the correction will probably bounce? Technical Analysis.

>>4610263
Wew, just looking at the daily moves now... Coinbasefags had a real casual lunchbreak today

>>4611914
>How do I know where the correction will probably bounce
Keyword = probably
Then it breaks through the support or doesn't even correct at all because FUCK YOU I'M BTC.
I many analyst I've heard say that corrections was due around 8500-9200$
Kek

>>4612025
TA doesn't work when we're in an adoption stage. There are probably no corrections until the money stabilizes.

>>4611268
TA is stupid. I just use the force.

>>4610263
heres the thing everyone doesnt seem to understand
MARKETS ARE BY DEFINITION SELF FULFILLING.

>>4610263
With the amount of finance/economics students being taught about things like linear regression models, markowitz/portfolio theory/CAPM/multi-factor models, ARIMA/VAR models - and with the amount of institutions and funds using these sorts of things, I'm of the opinion that it's not just Technical Analysis that is "self-fulfilling".

Essentially, if a whole bunch of humans do roughly the same thing, what they do in the market becomes more apparent, regardless of how they choose to be systematic. It often becomes a question of who acts first, as they'll be the ones who benefit the most from the self-fulfilment.

>>4612196
this.

>>4612196
unironically this.