Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
freethink2013
on 06/12/2013, 22:38:02 UTC
A chart I posted on one of Risto's threads the other day.

Uploaded by Drew at tradingview 4 Days ago. As a short term bear his comments on the situation made excellent sense to me.



The same chart with the current trading data filled in over time.


let me guess, you have buy orders in at 700.

pathetic

So a guy makes a trading chart with some pretty spot on predictions, backed up by some sound market analysis, I follow that and I'm pathetic?

Lets see what you were saying only 7 days ago:

Honestly, I think you'll be lucky if we see triple digits again. I suspect a big 'crash' around 1500 but not sure it'll crash a third.

Yeah I should have listened to you obviously.

Pathetic?...lol

Posted that on monday before china crisis. If that hadn't happened we'd be at 1300 or something. In this case the person I was talking to was 'lucky'. We'll be back in 4 digits if not this weekend then early next week and you still won't have any coin.

Its always amusing so see some TA trolls (who claim to be a pro... with TA bs) posting some charts of the past to predict the future.

Funny i dont see any of them making a bank.


They don't seem to get the market is made up of humans or that real external events affect the market. To them people have no free will and external factors in the real world are irrelevant - all that matters are patterns. Ok there is some ta that actually happens i.e. a dead cat bounce is a real thing but that ta is based on human nature whereas all their ta is based on patterns. Him slagging me off for saying we'd be lucky to see triple digits is like saying to someone they were an idiot for not foreseeing 911 and the stockmarket crashing. I can't predict those events and neither can his stupid charts. All we can do is gauge market sentiment at a given time. It's these ta geniuses who think they can draw a few lines and world events won't affect them.