/biz/ - Business & Finance

I agree with you. But I would say that TA is more about capturing the meat of the movement rather than catching the top/bottom. But of course that doesn’t mean you shouldn’t try to get as close as possible to tops/bottoms.

>>9464256

Well said, OP. I thought all brainlets think TA is a meme on this shitboard.

For the chainlink brainlets, watch what happens if UP volume (demand) keeps declining.

Here's my TA:
- if it breaks out above $8320, it goes up to $8380 at least
- if it breaks out downwards from $8230, it goes down to $8100

Watch it.

>>9464256

I say it because it does not and cannot work.

I thought TA was a meme as well, but then I started putting some research into it, just the simple stuff wedges, moving averages, patterns, volume etc. Then some anon explained how whales use TA to manipulate the market like basically they are painting the charts how they want them.

I saw AMB break down the MAs and thought I should sell since it has gone down in the past when it broke the MAs, but I didn't since I was holding for long term and it unironically went down in a course of a week. Then there's VENs uptrend memelines which are doing doing well.

Basically dont ignore TA and just start getting a feeling for the market. If it breaks the big pump(not parabolic) trend like EOS, TRX, AMB, then expect a bigger correction over a course of a week, not just a couple of days.

>>9464533
Also remember this market is purely driven by speculation. There are basically no projects with a working product and actual demand, so everything is basically TA and hype/announcements.

>>9464256
>using TA on ALTS
Unironically yes, divergencies have been my biggest indicator when to buy and when to sell

>>9464296

It just feels that way because that's what your good at. Some traders are better at catching tops and bottoms, like Paul Tudor Jones for example

>>9464587
This man gets it.
Volume + price
A up or down trend should be followed by the corresponding volume.
If price is making a higher higher but the volume is weak the trend will be weak. Only volume gives the trend it's conviction or merit.


Volume at price
Volume at time

I do use RSI to spot divergences in momentum.
But volume and price divergence is 100% solid.

It's totally logical but brainlets can't think logically.
A increase in buying volume = demand
If demand decreases - price will likely fall to attract new buyers (fresh volume)

shameless autistic self bump

>>9464256
>TA is not about predictions, but probabilities
>All the markets are manipulated one way or another
If you can't factor in the manipulations in your meme charts, the probabilities offered by the charts are flawed.
>rather than putting some real effort into this
You put effort into producing an erroneous meme chart. You're the idiot.

TA this motherfucker I dare you I double dare you! Say TA one more time

i have a solemn request for this thread and i would love for one of you wizards to do it for me.

>screenshot of chart with ichimoku cloud
>entry and exit points based on the cloud pattern

i've been taking a glance at it and it seems pretty cool but i still can't figure it out, feel free to tell me to kms myself

>>9464256
>>hurr it's like predicting weather durr
>Unironically yes retard, if there is a chance for raining and you don't want to get wet, you take an umbrella.
No one's manipulating the weather though. No group of people can suddenly make the clouds disappear or invoke a thunderstorm storm in a sunny day. Fuck off with the weak analogies.

>>9465596

that is the classic bart formation

>>9465638
>inb4 HAARP

>>9465596
>TA doesn't apply to this one instance of obvious manipulation therefore it is completely useless
nice logic

>>9464256
>be TA fag
>short a bearflag because muh technical analysis
>hang yourself shortly after

nice just bought 100k technical analysis

>>9465733
You're right, TA charting doesn't apply to every instance of obvious manipulation that happens every single day in cryptocurrency market.

You guys are spending time charting flawed probabilities.

>>9465771
It's an indicator. You don't always blindly follow indicators. But when a lot of them are saying the same thing, you have a higher probability of being successful than if you just went in blind. That's all there is to it.

>>9464256
hE aCtuAllY tHinKs TA wOrKS

>>9465740
> not putting a stop loss at the previous low

>>9464256
Brainlet
Win -> Good trade
Lose -> Bad trade

NEET
Win and stick to process -> Good shit
Win and don't stick to process -> Just luck
Lose and stick to process -> Next time
Lose and don't stick to process -> What I deserved

It is gambling, with a process. TA can be part of the whole thing but people focus on it too much, overtrade because they need to find a trade every time they look at a chart and fuck themselves. There's a need to do nothing when there's nothing to do, to admit when you fuck up, to find optimistism after a drawdown. This is the most demanding thing I've done in my life and then everyone has super high expectations about what they're going to achieve in some months.

>>9465638
>No one's manipulating the weather though.
You don't need to know Who is manipulating anyway, unless you're an insider you're Just like the rest, the analogy is still good because both things are completely out of your control and you have to act accordingly you absolutely mong.

>>9465837
I bet you most crypto charters don't even have the discipline to go back and assess how much the "obvious manipulations" skewed their probabilities.

This is basically trying to card count in blackjack without knowing how many decks the card dealer is playing with. The degree of error can become significant to the point where you were no better off going "in blind".

You're charting flawed probabilities and you don't even quantify the degree of error caused by significant, daily manipulations. That's all there is to it.

>>9465733

I agree and nice obvious catch. I use TA on very short time frames and it works but them large moves in both directions happen in a second and you're done. Still, all the bots on binance use 1m candles and you can see it play out like textbook all the time but no maki g money in moves like this. Also in bear markets stuff as simple as boll and rsi tell me when to sell into a pump. In general though I'd say it's best to hold large caps and best to trade small caps on events and normie sentiment rather than TA.

>>9465837
>But when a lot of them are saying the same thing, you have a higher probability of being successful than if you just went in blind
Brainlet doesn't understand a lot of people can be wrong. Basically admits to FOMOing with the charting herd.

>>9465879
Serious coping and a clear detachment from reality shown here.

>>9465924
OK so clearly the intelligent thing to do is to trade without using any tools/indicators. Thank you for the enlightenment

>>9465924
>>But when a lot of them are saying the same thing, you have a higher probability of being successful than if you just went in blind
>Brainlet doesn't understand a lot of people can be wrong.
REAL brainlets dont understand that when you say high probability, it still means There is a chance everything goes to shit, that's why you use risk management idiot

>>9466022
You think it's intelligent to continuously spend time producing erroneous charts? It's always error-ridden. Always.

>>9466066
This guy still doesn't understand the very probability he and other charters come to a consensus to is error-ridden.

>>9466102
Your use of absolutes makes it obvious that you just don't get it. You're not nearly as smart as you think you are and you still have the audacity to call people brainlets. I'm done here.

>>9466149
It's absolute because this market is absolutely manipulated, every single day. You're not nearly as smart as you think you are.

>>9466149
I'd also love to ask you, are you doing your risk management of your risk management?
Do you keep score cards of these credible charters? Be disciplined.

>>9466168
You're acting TA like a hard science when it's always been closer to an art. Pointing out that the market is manipulated and that charts will be imperfect is so obvious that it's just humorous.

>>9466231
You really need to start doing some due diligence on your chart performance and others' you follow. Assess the true value of your time spent on charting over a significant amount of period. Don't give me the art bullshit. I thought you were done?

>>9466231
I dont want to put my coins into your finger painting art project. Ill stick to holding and running masternodes.
Fuck TA it's nonsense that encourages volatility and causes people to wipe, hard.
My only consolation is the market destroys cucks like you eventually.

>>9465918
>binance use 1 minute candles
Wait, you think our bots use "candles"? And 1 minute ones at that? Hahahahahahahahahahahahahahaha. This is why you lose and we win.

>>9466332
Believe me plenty of charters got justed this year and they all cried the obvious, "my charts were off because of heavy manipulations".

>>9465740
I can't tell if it's truly a bear flag or not without volume.

Volume should be dropping until the market reaches consensus.

Once that happens, then you wait for confirmation (three to four red/green candles) in your time period in use and buy in/don't buy in and set a stop loss as necessary.

>>9465918
>all the bots on binance use 1m candles
lol, you have no idea how botting crypto works. Nobody is using 1m candles. 5m/15m/30m are superior.

>>9466398
Your made up rules are predicated on the assumption of a rational market. Crypto is anything but that.
Careful buddy

>>9466332
>Ta is nonsense
>Hodling
>Masternodes

the absolute state

>>9464256
>It's like predicting the weather

Its more like those religious fanatics that predict the end of the world.

>"The world will end on this date! Look at these bible verses!"
>Date comes
>Pretends they didnt predict anything and comes up with another date

>"The bull market will come on this date! Look at muh TA!"
>Date comes
>Pretends they didnt predict anything and comes up with another date

>>9464256
>>9464345
>>9464533
>>9466231
You are all idiots. Yes, we use "TA" but it has nothing to do with what you see on the charts on any interval of 1 minute or 5 or 15 or hourly/daily etc. We pull the order book continuously and price change is continuously variable, furthermore, we make decisions on level 2 which often isn't reflected in the last price but is just the amalgamation of unfilled orders sitting on the books next to the market price. You idiots are complete brainlets with your "flags" and your "crosses". That shit is the meme. The real shit is so far beyond your comprehension, you may as well be trading on an abacus. Grandpa called and wants his tea leaves back. HAHAHAHAHAHAHAHAHAHAHAHAHAH

>>9466488

>Unironically analyzing the order book

Have fun getting spoofed

>>9466521
Please kys or get the fuck out of the market if you don't realize how easy it is for an algorithm to spot a stair step shaped order book or if you even think a bot maker who's been operating for more than 10 minutes knows how to account for it. Seriously, just give me all your money now and beat the rush.

>>9466417
>not using 4h/daily charts

>>9465740
Who the fuck trades flag patterns in 2018? Get off magicpoopcannons page retard

>>9466481
Yeah supporting decentralization through masternodes (and staking nodes) is definitely less helpful to crypto than daytrading into tether on top ranked coins.
Fucking daytraders man

>>9466443
If it were rational, that would be nice.

I assume the market is often, but not always irrational as there's a mix of manipulation, TA peeps and emotions, so by setting up some rules, risk management is put into play.

Day trading I find to be a net loss, but swing trading tends to be easier to trade.

you TA spagetti string diviners are not getting my fucking bitcoin

yes yes 1/10 people make money on TA and 1/100 make a lot but 9/10 lose

in contrast 10/10 bitcoin hodlers make money long run with zero effort so fuck off im not selling, if it crashes ill just buy more and if it rises ill buy more too suck my iron dick

>>9466608
The key to day trading is exploiting the irrationality. You are so close but like the typical brainlet on /biz/, you'll never get there. You guys on here deserve to lose and die in poverty. Your betters will be laughing all the way to the bank while you starve.

>>9466561

Stay mad brainlet

Ur food for the big boy algos

>>9466663
Jokes on you, bubba. :) Even whales have to take a shit sometimes.

>>9466591
>Masternodes
>Decentralized

Explain how encouraging hoarding through a scarcity scheme helps decentralization

>>9466572
4h is arbitrary and retarded
>>9466488
Order book analysis is just one thing but yeah there are multiple tiers of TA people similar to grade schools
Head and shoulder patterns are first grade
Then you learn RSI and Stoch are a meme. Then you learn about divergences. Then you learn about noise. Then you learn about smaller cycles within larger cycles. Then you learn about sin waves...then you learn about three dimensional markets... then you learn about moon phases affecting markets...only then will you become a 7+ figure trader by skill and not luck

>>9466718
What does it mean when you're a 9 figure trader? Where exactly does that fall on the pantheon? Asking for a friend.

>>9466698
It puts vested interest of coin success into technically competent vested interest. Use cases, differentiation and any other hurdle that prevents price rise become simple engineering problems.
Also, a compute cluster tied to a coin distribution seems like a powerful abstraction

>>9466743
Not sure, I haven’t made my money yet. Despite knowing all this stuff, it’s only you as a person that will be able to control your wealth by cutting emotions out of trading and using all available information to make decisions

>>9464406
>it either goes up or it goes down

thanks anon

>>9466772
>it’s only you as a person that will be able to control your wealth by cutting emotions out of trading and using all available information to make decisions
Ain't that the truth

>>9466698
Said another way, decentralization is not relying on a single third party and masternodes allow multiple third parties, most of which are software engineers, to have ownership of a coin's direction.

>>9464256
wow its almost like the "TA is a meme" is a meme and you should only follow your own advice

>>9465596
Hahahaha, one minute chart.

>>9466774

There is a thing called stop-limit order, dumbass. If it starts going up, you buy. If it starts going down, you sell. How can you not get this??

>>9464559
ripple shopin pundi x. all working products