Post
Topic
Board Speculation
Re: Why trend reversal? -> basic technical analysis! trend lines is all you need :)
by
bassclef
on 20/05/2014, 19:55:28 UTC
TA is a self-fulfilling prophecy.

Kinda funny to see that yesterday very few wanted to buy around 440-450, but now people are fighting over almost $500 coins.  Grin

TA is mass psychology. When grouped together, humans move in somewhat predictable patterns. TA applies mathematical formulas to this. It doesn't guarantee anything, but it is certainly helpful if you know how to use it.