Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
phoenix1
on 12/06/2013, 23:37:56 UTC
Funny thing is, many of the people who deride TA here will quite happily make statements such as
'sideways consolidation usually leads to a breakout and rally in Bitcoin as people realise its not going to go down and buy in'
or 'it's coiling up like a spring and the pressure is building'
or 'there's no volume ... I don't trust it'

That is TA  Cheesy

Just expressed in a slightly different language ...
Or to put it another way, that is the emotion behind the price action that forms the patterns that we see repeat again and again on different levels

EDIT : Just seen what you posted 10c ... I agree. The greatest danger is to stick to only one way of viewing things and to close your mind to all others