Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
It isn't so hard to understand the semantics here. No TA EVER worked for BTC in critical moments. Plus all we do is trying to eradicate our ignorance via lines and pennants. It may be a way that works on other things. BTC proved all this wrong. It does the exact opposite...
To me it always seems that TA with BTC works perfectly, a lot more than in other markets.It's almost scary how predictable it can be sometimes. Especially in key moments.
Following a pattern while trying to put your money where your mouth is, is not the best strategy IMHO. Maybe it works for you; but seriously don't let it turn into a habit. This is a nice read that explains thorougly why I believe so: https://bitcointalk.org/index.php?topic=372346.0
Cheers.
PS: You're out of the list too;)
Personally I find TA very valuable but I can understand that it might not be everybody's style.
PS: that's cool thanks
