@OP
I'm still here.
What you fail to understand is that TA is independent of what market is being analyzed. If there is a market to trade between two assets, there is technical data that can be analyzed to determine real demand and momentum of those assets. Bitcoin is no different in this respect.
I'm still here.
That is because the people on here that claim they are using technical analysis just take charts and draw random lines to match a theory to sound like they know wtf they are doing, or they give such absurd ranges (170-330 price target!) so they can't be wrong.
In theory why would TA apply to btc? None of the theories were created about btc. Would you follow a recipe a recipe for brownies while making cookies?
Some of the people aren't full of shit, but 90 percent of the self proclaimed btc analyst are.
In theory why would TA apply to btc? None of the theories were created about btc. Would you follow a recipe a recipe for brownies while making cookies?
Some of the people aren't full of shit, but 90 percent of the self proclaimed btc analyst are.
What you fail to understand is that TA is independent of what market is being analyzed. If there is a market to trade between two assets, there is technical data that can be analyzed to determine real demand and momentum of those assets. Bitcoin is no different in this respect.
I'm not saying I don't believe in ta at all, I just don't agree with that statement, as btc is so radically different than anything these theories and indicators are based on.
Not to mention people on this forum do what all the commodity scammers used to do, and take information that has happened, claim they made the trade, and provide no actually proof that the trade was made (you can't post your bitfinex account, or whatever you have and just black out any identifying information....thought so.....
)Your welcome to show us proof of continued successful trades you made
