RSI divergence

TA fags
>inb4 ''muh TA''
should we scare this divergence?

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not until 20k

what about the divergence?

lol we had soo many divergences on the way up and all of them turned invalid

quick reminder that if you do TA you are a complete retard and havent understood anything about markets

>muh TA

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spoonfeed a retard why TA is bad? Also wtf is with that wheel

It could also be the breath of another leg up

>spoonfeed a retard why TA is bad?
it's financial astrology
>wtf is with that wheel
it's financial astrology

based transit chart
nonbelievers tongue my anus

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coininsider.com/bitcoin-whale-massive-short-of-100-million-usd/

Oops. That's why FA>TA

why is ta stupid and worthless in a nutshell
>markets are a minority game where everyone wants to win and nobody wants to lose but not everyone can win
>there is no mathematical solution to minority games, thus you cannot predict markets unless you have better information no one else has (past data is not better, everyone has it)
>those with the most information win (insiders), the rest is gambling and on average losing money no matter the strategy (warren buffet didnt even outperform the market)
>academically ta and fa are not supported.
>fin markets are merely a game of who hast the most information and can act the fastest. absolutely no private individual is even close to competing there in that realm though
>its basically concluded that you are not able to compete if you dont manage 500bn+ since you cannot afford the tech needed to be able to compete in this arms race
>those who can compete have positive returns on every single day

nobody in the industry takes ta srsly. the only use it has is in form of advertisement to sell it as if it has a use in order to generate commission and make people trade more.

>tl;dr homeopathy of finance which is only useful for exchanges to make people trade more to bank on commission fees

based midwit take

you sound poor

>lol we had soo many divergences on the way up and all of them turned invalid
show me when

suggesting individuals to do fa is misleading too. in fact, studies even show that your returns are even less if you are somewhat informed compared to trade randomly. and with that we do not even calculate the time you spend into that.

there are some simple rules for fin markets:
>dont pay for any services or consultations, minimize all costs (you dont need any magazines, trading view accounts or anything like that)
>dont waste time on any analysis, you get no return for it, spend your time otherwise
>buy a broad index etf with low fees because you wont outperform it anyways
>dont trade. buy and hold. again: minimize costs (fees)
>have a high time horizon (10+ years)
>there is no quick way to make money except by gambling with the odds against you
>however do invest the money you dont need in a broad index. you get a risk premium for doing so

everyone can do this, there is nothing special about it, everyone who tells you otherwise is a shill and most likely profiting from you believing the crap they are trying to tell you

shorter time frames.

Yes, be scared and sell.

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you sound like a guy who never tried doing TA and are stuck in a mindset of buy and hold waiting for crypto gods to open a 3rd eye and pump your bags.

heres a tip op
all the people telling you TA is useless are one of two parties
1) whales trying to keep you uninformed so there is more profit on the table for them
2) midwits who tried trading for a week, lost money, and now believe trading/TA is impossible
Trading and technical analysis is a skill that takes time to develop. When you start trading in crypto it is like stepping into the ring with a professional boxer. Would you step into the ring against mike tyson with 1 week of training under your belt? Would a lawyer step into a court room with a couple weeks of studying?
The answer is no. Now apply this to learning technical analysis. It will take some time for your skills to develop but if you put the time in and have a decent iq its really not that hard.
You just have to remember whales know that most people are watching their stochastic rsi on a daily time frame. so they will make it look very bearish in that time frame then BTFO everyone with a big pump.

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This is all bullshit. TA isn't astrology. However it's not as romantic as people make it out to be. It consists of people being completely apathetic and unemotional to what they're trading. Relying solely on patterns and plans. It's a game of capturing candles. People find their expertise, create a formula for making profits, and move on if/when it doesn't work anymore. From most peoples perspective it's brutally boring.

I think something like 95%+ of traders lose their money. That doesn't mean if you're disciplined you can make money. But it's a fucking grind.

That being said, Bitcoin is all about FA right now (CBDC's, Fidelity, Michael Saylor, Square, PayPal, gold ETF's going to Grayscale, BTC ETF's coming next year, inflation, inflated stocks/real estate, etc), PTJ, Druckenmeiller, JPMorgan flips... The TA guys have tunnel vision if they're not picking up on all this shit that's been happening the last few months. If you look at google trends it's clear that retail isn't buying hint hint, this aint 2017.

i am a guy who does his phd in finance and market micro structures and works as a data scientist on a trading floor for electricity.

only because i dumbed everything down for lay people to understand it does not mean that i dont have substantial reason for what i said.

i mean, what are your credentials? youtube videos and "experience". gtfo

people who dont have any business in finance. dont fall for these idiots stuck in their echochamber of trading

>losing argument
>has no counterargument so he appeals to authority
midwit confirmed

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You're very naive if you don't think you can make money in TA. Like I said, it's dry and you have to be disciplined, but if you think it's all witchcraft and that trading randomly gives the same or worse outcomes than a successful TA trader you're an idiot, frankly you just don't know what you're talking about.

>knowledge and credentials not authority
what have you to offer which might hint that you know what you are talking about?

how can i lose an argument where you didnt even address any of my statements. feel free to do so. i hope you have your citations and sources ready. because i do.

bring it on

>Guide To Investing: The midwit's take
oh am i laffin
you realize this is the strategy they teach to you because they know you are a midwit and cant handle real profits with the chad traders
is this really what they taught you in a PhD finance program? Where did you go to college? Mumbai?
holy mother mother of kek am i laffin

Wagecuck

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ok so you paid for an education in finance and got a PhD. From your eyes trading is impossible there is no money to be made.
I got my education for free (besides initial losses) from the internet. Now I have profitable trading strategies.
If you seriously have a PhD in finance and think the only effective strategy is to buy and hold for 10 years i can guarantee your PhD is from a third world country

this is not taught, this is concluded from research

sorry, the whole academic body disagrees with you. you are not even arguing against me. you are arguing against all of academics. think about that maybe. are you wrong or are they? what are the odds?

cope more. probably earning more than you can wish for