Re: Irony

I was confused with few things like how to trust any crypto currency(Small cap Coins)? was TA enough?

TA does not work for low market cap coins with little to no trading volume and/or trading participants. This is because TA measures sentiment thus needs adequate data samples.

In my opinion TA doesnt work for crypto currencies in general. I did a lot of TA in 2017 and followed a lot of well known traders at Twitter etc. None of them (and neither me) was able to predict anything based on TA, the market was way too volatile and news driven back then.
But TA is definitly nothing for newbies, you would get rekt in no matter of time.

That's true and a good advice. Many Newbies come into crypto and want to get rich but there is no way to do so by a reliable strategy. They take loans because they think they have detected a trading strategy and end up having big losses. It's not only related to trading but false impressions of trading are a part of it. The Newbies have the impression that traders are always rich, have a Yacht and a Lambo. Cheesy

But that's a false impression, around 90 - 95 percent of all traders lose money long-term, only a few (lucky) ones make money but it's not that much how it's often shown if you search for "trader" on Google. Most "successful traders" are spreading their "strategies" on YouTube or expensive tutorials to inexperienced users how they can become rich...

I'm always surprised about them and there is only one question to me:
If they have such great strategies: why are they offering (expensive) lessons and tutorials if they can make money by just using their trading strategies with their own money??!! Cheesy