Quote from: squidlings on July 02, 2017, 11:11:02 AM

Quote from: benjamoyne on July 02, 2017, 10:07:07 AM

Quote from: comp on July 02, 2017, 09:40:41 AM

Quote from: 7enuke on July 02, 2017, 07:49:11 AM

What is this? Trying to bridge the gap between an irrational world to something more objective like two lines and an arrow pointing upwards. Maybe this crap has some value in the stock market but its absolutely ridiculous to apply it to baked pump and dump DGB air

The stock market is manipulated in exactly the same way, that is why these sorts of things sometimes have meaning.

I used to agree with the idea crpto chart analysis doesn't work to the same degree as the stock market, maybe in many cases it doesn't since single individuals have so much power currently. However, if you consider most traders have an insight into chart analysis, then most trader will chose to follow the same set of rules, if traders follow the same set of rules, then traders are likely to buy at the same level and sell at the same levels. Therefore you can't ignore trading charts, however you also need to consider volume current events and bitcoin price to gain a fuller picture.

I think the stock market is manipulated by small groups in much the same way as crypto is. The only main difference I can see is that there are more savvy investors in crypto who understand the corruption behind the markets. People who have the ability to both understand and find a way to invest in crypto are more intelligent than the average Joe who goes to his stock broker who then uses his money in a pump and dump, profiting at his demise.