Replies to post #37123 on Bitcoin (BTCUSD)

[nowwhat2]

T.A. is simply a way of measuring / evaluating fundamental sentiment (that's what fundamentalists fail to acknowledge - (that their collective opinions show up as a price point))

Personally for me, there are just too many variables in fundamentals for one to be able to accurately forecast - in T.A. there exist very few (support levels are either going to hold or they're not).......Resistance levels are either going to restrict or they're not.


These charts display the collective opinions of crypto participants (which, naturally are individually "all over the map") ;









For eg. It doesn't take a genius to be able to SEE here,
that current sentiment has the potential to turn positive.
A "fundamentalist" CAN'T time the swings



OR, it (the participants' sentiment) could (once again) get beaten down



A fundamentalist has NO WAY of telling us which way things are about to turn in the next hour.....
Their opinions are just farts in the wind





.

[trunkmonk]

completely false concept, nothing is in a vacuum. and i have been accurate majority of the time, because i dont time the highs and the lows, its so easy even a caveman should be able to do it. BTC follows something every time since the days of brainless buying by billionaires and bafoon's with too much money or free money from someone else. as it matures, it becomes more predictable. anyone thinking otherwise shouldnt even be in it.

uh by the way, i am completely right on this one too, the line in that sand right now was 16,600, said it before it happened and its still happening.