Post
Topic
Board Speculation
Re: [charts] Completely different TA than ANY other btc reversal in history
by
oda.krell
on 27/02/2014, 19:25:59 UTC
TA is not everything. High RSI suggest to sell and low RSI suggest to buy. So let's see:

You're a regular comedian, aren't you. The only thing you proved by your post is that you know little to nothing about TA.*



*because I'm afraid you'll ask: because that's not how identifying overbought/oversold conditions, or in general, TA, works. You don't look at a single indicator and say "Now I'll buy". So your chart is completely meaningless, like posting a weather forecast of today saying "chance of rain 60%", and then gloating "but it actually *didn't* rain". It is based (a) on a naive idea of how technical analysis works, and (b) on the equally wrong assumption that for TA to be profitable on average it needs to be "infallible", which is not how any probabilistic models works.