Attached: elliot1.gif (300x250, 2K)
Why is TA so successful?
Matthew Fisher
Jordan White
TA is great but Elliot Wave Theory is bullshit
Joseph Lewis
Gives you the ability to rely on yourself and not be some nigger buying fud
Adrian Ward
it literally isn't at all. it's tea leaf reading convolved with the post hoc ergo propter hoc fallacy.
Sebastian Morales
The real question is, why aren't you a billionaire yet?
Lucas Long
it's sel fullfilling prophecy, the more educated the market the more accurate the TA
Kayden Murphy
>my stocks got -10% this year but its ok because I bought them cheap with FA
t.
Dylan White
you long silver or link?
Hudson Foster
FA unironically makes people much more wealthy than TA does in investing. picking sleeper companies with good management, good books, a long term vision and a p/e ratio with plenty of headroom is so much more valuable than scalping chart patterns in the stock market.
Jackson Gomez
Poor gag spotted
Chase Thomas
incorrect. i hate TA because it leads people to ruins and i invested in bitcoin in 2013 based on pure fundamentals and was rewarded handsomely. been around in this game long enough to know TA is bullshit. you'll get there.
Aaron Sanders
anything would have worked at that time, honestly
Dylan Johnson
The majority of trades on exchanges are made by bots..bots need some sort of algo/programming to function and most if not all use ta indicators to trade..so by knowing ta you can predict the direction/behavior of future trades..
What sometimes fucks this up (and why ta isn’t perfect) is the human element..for example if a link bag holder wants to unload a few hundred k link at market price all the ta in the world won’t save you
Kayden Phillips
What are some non meme TA techniques?
Carter Ramirez
Head and shoulders
Xavier Murphy
>literally the biggest meme
Hudson Fisher
Attached pic with the common patterns- investopedia/stock trader.com etc. will have more details about how to trade them..the guy who posted this on Twitter is pretty good too- I do my own ta but like to check his page once or twice a day..
If you’re really serious would also recommend learning about candlestick shapes too..knowing shooting star, gravestone Doji, etc. has saved my ass a bunch of times...shooting star got me the fuck out of ripple at 11k sat as a recent example of how knowing candlesticks is useful
Grayson Nguyen
For indicators you don’t really need anything too fancy- find one of two that work for you stick to them at first anyway.. would recommend some combination of ema,macd,stoch rsi, or Bollinger bands
Matthew Price
Support and resistance are king.
Fibs are probably the biggest meme. If you spot anyone using fibs, they're guaranteed to be fucking retarded.
Cameron Powell
>candlestick shapes
Juan Lewis
Lol patterns might have been better but only a re didn’t know what I meant