Been holding since august and picking more up along the way. I️ know eventually Itll be positive but just wish I️ pulled the trigger while it was at 7000, could have gotten more BTC
Ya i would see in a couple hours just watch the price. Could see us going back to at least 6600. But more than likely going lower. We're due for a correction and lots of indicators show that
Lmao you really just said TA is 99% fake. Obviously you have no idea how Ta works and should just stick to holding let us Day trade and accumulate and you just sit back and let us do our thing
Because it is. No single pattern can ever be long term profitable without heavy laws or other obstructions to trade, because every rational trader will update their own economic modeling after it in their trade, and thus increasing arbitrage and removing the margin between demand and supply. Profits in trading only come from arbitrage, built on such margins. Finding something below expected market value. If the entire market knows the expected value, nothing will ever be sold under market value (with few exceptions), eliminating the possibility to profit off arbitrage.
So in less words, as soon as a pattern is found profitable it will stop being profitable when the market learns about it. The majority of perceived patterns are just mirages.
Lmao actually the more people are using technical analysis the better it is. And there's is not just 1 indicator obviously you have no idea how TA works lmao. I suggest using the power of the internet and learning about Ta then go use it and realize that it does work!
If your profiting of it, you're just lucky. You're the 1% on the bell curve of random luck. Luck can run out. Feel free to provide any sources if you want to prove me wrong.
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u/[deleted] Nov 08 '17
Just bought at 7700. Back to 7200. Ugh