Cryptocurrency

[stonehenge]

TA is mostly mumbo jumbo bollox.

If an indicator had real predictive power, everyone would use it and be profitable which isn't possible.

[bulltraderpt]

TA is mostly mumbo jumbo bollox.

If an indicator had real predictive power, everyone would use it and be profitable which isn't possible.

Completely and utterly disagree. There are some cracking TA books out there.

If you can read a chart you can make a decision based on that, a lot of people think TA is a science, it's not, it's an art to help you; Couple that with a probabilistic mind set it helps put the odds in your favour of a profitable outcome, it cannot with 100% certainty predict, but it allows you to focus on sentiment as it builds in the stock, commodity, currency or what ever instrument you are looking at.

I use TA all the time and have done for the last five years on UK stocks, it's seen me alright.

[Jog On]

TA is mostly mumbo jumbo bollox.

If an indicator had real predictive power, everyone would use it and be profitable which isn't possible.

TA works for a lot of people - looking at price patterns, support/resistance, trends is how a lot of people trade very successfully. Even fundamental/news traders use it to pick entries and exits.

Trading is subjective - there are multiple methods that suit different people's skill sets, personalities and temperaments. Some people like to analyse value and fundamentals, some people scalp 1 min charts - neither is right or wrong if they both make money. If something works it works.

[VirtualMonkey]

Not sure if you'll be able to see this but trying to learn elliott wave theory so here's an analysis on SNT
https://www.tradingview.com/chart/SNTBTC/CqPwDxMU-SNT/

[scooterscot]

Strong demand trying to get into SNT at the minute, no idea why.

[VirtualMonkey]

if my analysis is even close to being correct were about in wave 3of 5. begs the question of whether market action needs news or if it just happens that way. maybe some people see wave x and react which causes herd movement. I find this all incredibly interesting

[scooterscot]

Trying to buy into WAX at the minute, PBC said so up until $1.40, and now it's fallen to $0.36c, very good opportunity to get into this one with FIAT. Was $2.5 not 20 days ago.

[VirtualMonkey]

This is the book I'm trying to get through on EW theory..it's hard work!
https://www.amazon.co.uk/gp/product/...?ie=UTF8&psc=1

[VirtualMonkey]

SNT looks like it's also now finished the retracement from the ATH. Seems to have retraced back to 0.618. If we're now in wave 3 of the larger scale wave pattern then we can likely expect it to hit 1.618 fib extension which means the price will hit in the region of 7500 sats at the end of this wave. Let's see how it goes

[Jog On]

Bittrex to start accepting FIAT (USD only for now):

https://cryptosumer.com/2018/02/02/b...-bill-shihara/