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.
Another idiot! Must be my lucky day.
EVERYTHING WITH A PRICE IS GOVERNED BY SUPPLY & DEMAND!
Capish idiot?
Whatever scammer, please post your trades, not some past dated chart. I'm not the one making claims to be a btc price guru, that is you.
Lol! My trades?
50eu invested in NXT as early adopter - at peak worthing 3M usd.
Bought 500btc at 2011, while you were playing Second Life.
Just told you I sold the top 310.
Apart from that, my interpretations may be right or wrong but supply & demand ARE the price - the price IS reflecting Supply & Demand.
Are you so freakin idiot?
LOL where is the proof of your great TA trades? You told me lol, show proof.
Buying 500 btc in 2011 doesn't make you a good ta trader either lol.
Thanks for the proof of your recent ta trades.
Ask my subscribers...
Listen i'm not trying to argue with you, but if I don't see physical proof of you using your ta to make money, not some thread prediction, not your word, not your subscribers: that is all just smoke and mirrors. If you want you can post your trade log without gaps and we can see you are legit. If not than fine, but unless you have proof, its all smoke and mirrors.
You do understand that no analyst does that for various reasons. I am eponymous here, who the fuck are you (the IRS?) ? Posts yours if you are eponymous...
Also my analysis does not say to others what to do (this is their job, a given setup can be traded in many ways), I just analyze the general trend that we are in (now bearish), major support & resistances and breakouts/breakdowns (usually buy/sell signals accordingly).
If you have a triangle, depending on your personality, you may want to short the resistance, buy the resistance, sell the support, buy the support etc - it depends on your risk profile, the general trend etc etc
Saying that TA is worthless because you don't understand it (usually these people never bothered to study it anyway) or because an analyst maybe not a good trader (it happens) is false. Also he maybe a great analyst but suck at trading for various reasons. It's like the good doc telling you not to smoke while he does.
That said, I wll short between 228-232 with a stop at 234. Satisfied?