Post
Topic
Board Altcoin Discussion
Re: rpietila Altcoin Observer
by
drawingthesun
on 04/08/2014, 14:54:26 UTC
So Monero Jesus's magic number of .00365 was broken.

Ok.

What happens now?

Some people hold, some buy, some dump.

The price moves up, or down, or stays the same.

I think any analysis involving what amounts to arbitrarily chosen magic numbers is pure bullshit.

I'm personally not a fan of technical analysis. I know rpietila has made millions from technical analysis, but most of us wont. I think day trading is for most of us, very close to hitting red or black on a roulette wheel.