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21584055 No.21584055 [Reply] [Original]

Do I need to learn technical analysis for crypto? If yes, where should I start?

>> No.21584134

no sir you need to buy when number go up sir good sign sir

>> No.21584148

>>21584055
you need not

>> No.21584171

>>21584055
Worthless for stocks, a fucking joke for crypto.

>> No.21584195

>>21584171
why?

>> No.21584203

>>21584055
investors live or investors underground on youtube...TA is TA stocks or crypto same principles

>> No.21584237

>>21584055
No just buy and hodl. Shit's way too manipulated anyway. The whales can do whatever the fuck they want to the price short-term

>> No.21584243

>>21584055
this is bait, right?

>> No.21584317
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21584317

>> No.21584323

>>21584055
NEED?

No, you don't need to, but if you want to know what's actually going to happen or at the very least WHEN things happen you should learn it. Just don't think there's a concrete way to know price action because whales love setting up TA signals to dump in the opposite direction

>> No.21584356

Just learn froggometrics and memetrics of biztrology.

>> No.21584368

>>21584243
I'm pretty new to crypto, so no its not bait

>> No.21584389

>>21584055
Just learn about EMAs and support levels etc, most of it is probably useless but not all of it.

>> No.21584392

>>21584055
just start drawing lines on charts until some idiots start listening to you

>> No.21584689

>>21584055
By the way, the biggest sell and buy signals are unironically memes.

Catalog filled with maximum smugness? buy/sell in the opposite direction. Have memes that were once funny or threads that weren't forced now flooded with people who don't understand the jokes, or worse; boring and unfunny? Massive fucking sell signal. Are niggers bragging about their bags on twitter? Dump it and don't bother looking back for a month at leasr

For for instance LINK.I used to love LINK memes, even partook in making OC and have held for a year and a half now. I sold once I saw a LINKlet that couldn't even get a triple digit stack talking about how he could only afford 60 LINK and we're all gonna make it and he's never selling fuck swing linkies, etc etc.

No, we're not all gonna make it. Newfags thought they could just waltz in here, skip all the research, skip 3 years of holding, go through no suffering of their own, and just walk the golden street to becoming a millionaire. OP if you're smart the first realization you have is that the only thing that separates you from everyone else in this shithole is how much research you do, and how big your balls are

good luck

>> No.21584882

>>21584689
thank you based anon

>> No.21584950

>>21584055
I say don't even try it. But I know you will try and you'll pull your hair out... and lose money... and eventually admit that it is pointless.

>> No.21585097

>>21584882
the prices move based on different events and environments and stuff, that are unpredictable with TA. For example, after smart con next week, there will no doubt be new attention on link and it will see a price bump. no indicators, quasi swampy fractals, etc know that and will give you a very wrong outlook. keep learning s much as possible, idk try ta, see what it says

>> No.21585180

>>21584055
Risk management is everthing, fren.

>> No.21585266

>>21584055
TA is a fucking meme anon, learn the underlying tech instead.

>> No.21585271

>>21585097
this is true too, the only use for TA as far as I can tell is a rough idea of when something will happen assuming there is no news and no shills with massive audiences at play.

although I'd say LINK does also have a history of dumping either during or immediately after major news or conferences as well. Now that we're well past media attention though it will probably start behaving in unpredictable ways

>> No.21585307

No, you may as well perform ritual sacrifices or consult the yijing

>> No.21585415

1) look at chart
2) unzip pants
3) pull dick out
4) flop dick on chart
5) COOOOMMMMM
6) ensure the candles on the chart stays within your cum stains
7) profit

>> No.21585498

>>21584055
Its pretty useful to identify support and resistance lines. So if it dumps you have a good idea where itll bottom out first and if it pumps whereabouts the top is but i wouldnt try to use it to time the market.

>> No.21585541

>>21585498
What time scale should I use for support and resistance lines?

>> No.21585575
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21585575

>>21585271
ya i think ta is a scam to fool newbs into thinking its hyper complicated. ta kind of gives you an idea of the overall trend, but you can also tell that within a couple seconds by looking at the chart. this could be semi useful with stocks i guess, but crypto also tanks wildly with no real reason. maybe i'm wrong and ta works, i've lost a lot of money, not gonna lie. but stocks don't do stuff like pic related often. do a little research, and understand you are taking a huge risk buying most coins.

>> No.21585609

>>21584055
No just pick the projects with the best memes and set a sell order at a 25x whatever you bought in then ignore

>> No.21585773
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21585773

>>21585266
checked & unironically-this-pilled

>> No.21586020

>>21584055
Pretty useful actually, but more like a self fulfilling prophecy.

>TA says its gonna dump
>better sell now
>actually dumps
>iTs wUrKinG gOiSe