Quote from: stylin on March 08, 2014, 06:54:43 AM

Quote from: oyvinds on March 08, 2014, 06:33:24 AM

Quote from: seleme on March 08, 2014, 05:55:53 AM

The most funny thing is when those TA self-precious smartarses claim that news doesn't affect the price. Yeah, their fancy lines do it, lol.

It doesn't matter if it's news or fud or fear or hope that affects the price, the truth is in the chart. The charts will tell you where the price is moving, where the volume is and so on. You can analyze the charts without having to care about what "news" drives the movements, the effect of "news" and the actual response will be clearly visible regardless.

It also does not matter if the war is not real, or when it is, that victory is not possible. The war is not meant to be won. It is meant to be continuous. The essential act of modern warfare is the destruction of the produce of human labour. A hierarchical society is only possible on the basis of poverty and ignorance. In principle, the war effort is always planned to keep society on the brink of starvation

I use TA. I believe in it. Only as a small factor in my trading decisions however, maybe 10%. The thing about TA is that it is always right in retrospect. It is just hard to use to predict things. I find that using TA over multiple orders of timeframes (say, 2 days, 2 hours, and 15 minutes) can help if they all agree with each other. I think traders are foolish to completely ignore TA.

Specially if you draw the chart with 70 different possibilities so you can claim being right if any of those 70 come true.

Charts can help, things like Fibs are useful tools. I like double tops and bottoms too. But in Bitcoin - news, sentiment, whales and lack of common sense by loads of amateur traders beat ass of any chart on the world.

I mostly don't know shit about charts. Yet made 2000$ today. How? Just using common sense to see that sentiment was it's going down and then watching market closely to see when it could be bottom for that mini trend to enter the trade. And then doing the opposite on up move (though I usually do it bit too early in this part when I just swing trade). Nothing fancy but very profitable.