Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
jonoiv
on 19/10/2014, 22:20:53 UTC
http://pasteboard.co/1424vwkk.png
save the cheerleader, save the world, #bitcoin upcoming insane rally on 3day 8/41 cross and 3day MACD crossing green  Cool

Sorry to tell you this but drawning lines on a chart doesn't work. It predicts absolutely nothing. It's as acurate as throwing dice. Why people still dont't get that after 1000's of examples that failed is beyond me.

Mainly because "chartists gonna chart", i agree trendlines are not really "that" reliable, still its usefull, specially on this resistance trendline and 8/41 EMA, as you seen 3day MACD crossing green. If not how do you trade with? you just blindly gamble?


Thats shroomskit,  he is wrong 100% of the time and anyone that gives him good advice ends up on the ignore list.  Smiley