Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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Pay your debts
Oh lol, I edited my post above, and already done Pay your debts
I see what you did now 
Edit: Merited you, thanks micgoossens for +2, though next time maybe just merit the user's post yourself 
I'm clearly not great at understanding economics
Why? It benefits two posters right now
I already explained
I'm clearly not great at understanding economics
TA is voodoo, it NEVER works reliably. Economics of the process is what actually works.
BTW: in the hypothetical surrogate TA observation that temperature is lower in the winter than in the summer (in northern hemisphere) what is more important: the "TA" observation or the knowledge of orbital tilt and planet rotation around the star?
BTW: in the hypothetical surrogate TA observation that temperature is lower in the winter than in the summer (in northern hemisphere) what is more important: the "TA" observation or the knowledge of orbital tilt and planet rotation around the star?
Ah fundamentals v TA. An argument as old as the hills. The challenge being that economics is not the dismal science, but rather no science at all. And there is no rational economic explanation for short term price perturbations.
Think of it this way. TA is the study of the psychology of price discovery. TA is asking the question - what will the crowd do when X happens? And how can you make the crowd do Y?
True story. That psychology of price discovery, unrelated to economics, is also the psychology of "human rationality" or more specifically "the herd".
Humans are far from rational, instead they act like most animals in a herd like mentality: they lack basic intelligence when panicked or feeling threatened.