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/biz/ - Business & Finance

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22213946 No.22213946 [Reply] [Original]

When will you retards stop mspainting lines on charts and understand that markets are unpredictable pieces of dog shit?

>> No.22214001

>>22213946
Not buying your bags that have dogshit charts

>> No.22214573

>>22213946
not true... there are ALWAYS patterns that you can recognize by looking at charts and zooming out

>> No.22214665

>>22214573
Show me one chart that you called correctly with date edited time stamp.

>> No.22214729

Technical analysis in crypto is a single step above astrology

>> No.22214736

>>22213946
Markets absolutely are predictable. There are people getting paid a lot more than you or I to do exactly that.

>> No.22214807

>>22214736
I agree. However, technical analysis has nothing to do with it.

>> No.22214849
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22214849

>>22213946
>what are statistics
>what are propabilities
>what is expected value
go back to plebbit s o y boy.

>> No.22214862

>>22214729
Kek’d
>>22214736
They aren’t, plenty of investors neck themselves because of a wrong TA. It’s essentially guessing.

>> No.22214893

>>22214849

you are comparable to a backyard psychic

>> No.22214894

>>22213946
Your P&L sounds red. Deep red.

>> No.22214907

>>22214862
Are you saying support and resistance levels don't exist?

>> No.22214917

>>22214849
Found the mspainter. My kids like doodling on pictures too, faggot.

>> No.22214939

>>22214893
Well the real world of finance correlates to stock prices and stock prices pretty much show you how crypto will follow.

>> No.22215007

>>22214894
Unless my portfolio goes to 80%, I’m still in the green.
>>22214907
They don’t, ask Ethereum and AAPL

>> No.22215031

>>22214862
I’m not talking about TA. You think the quants at HFT firms sit about drawing meme lines? Predictability is about probabilities, not some cunt drawing a triangle on a CMC screenshot.

>> No.22215079

>>22213946
i just draw / and pray to kek

>> No.22215163

>>22215031
So why aren’t market crashes and bull runs ever timed? Not even once in the history of crypto or boomer stocks?

>>22215079
Based

>> No.22215209

why are plebbitors always denying mathematics?

>> No.22215289

>>22215163
Black box algo traders don’t give a shit if it’s bear or bull, they’re making money either way.
There have been instances of these strategies getting caught out by black swans but for 99.99999% of trading environments, they work.

>> No.22215292

>>22214665
you seem to have the wrong idea here, you think charts are like a crystal ball that will tell you the future.... it’s a tool to use to help you notice patterns that you can make an informed decision on, it’s a TOOL not a CRYSTAL BALL, newfag.

>> No.22215316

>>22215209
Because market math is flipping a coin.

>> No.22215433

>>22215316
You’re kinda proving the other anons point here. Flipping a coin isn’t random, it’s pseudo-random, and if it’s pseudo, there are patterns.

Google “A Random Walk Down Wall Street“

>> No.22215540

>>22215289
It’s literally impossible to not make money in crypto or stocks, timing massive runs or crashes is also impossible.
>>22215292
Read above statement retard, but also let me dumb it down for you “when pretty line starts go up me put allowance”

>> No.22215664

>>22215433
Except I’m not, they came in arguing that some random joes can read lines, when the whole point of the thread was those lines can’t predict an unpredictable market.

>> No.22215765

Besides the meme strats there are time-tested ones like double top/ double bot.

>> No.22215781

>>22215007
Banks pay large sums to have human traders work for them and learn their methods for trading. They wouldn't if it didn't work.
Maybe you can't under stand it or can't be helped, or maybe you're just listening to all the noise out there (indicators, averages, news, etc) that lead the blind off a cliff.

Just learn price action, or dont I guess, I'm not your dad.

>> No.22215919

>>22215765
Which time tested voodoo predicted Ethereum shooting up to 1200? Or yfi to 30000?
>>22215781
Banks are still run by the same boomers destroying the economy, housing market, and job market, get real.

>> No.22215989

>>22215540
hopeless

>> No.22216522

>>22215781
Nah they use bots