Nostr Web Client

I spent years studying technical analysis only to realize that most of it is just hoodoo voodoo nonsense. All you have to do is mark highs and lows on the chart and understand the continuous auction process and the mentality of the other participants in that auction process.

Also there's no replacement for screen time. The more hours you've spent watching a specific market move, the more you can rely on experience.

CappyNate🍁 1y ago

Then you didn't learn TA. This post from my LinkedIn Nov 2022. I gave bullish guidance 23 times since.

As soon as we hit $70k, I warned of the potential top (including here on Nostr, where a bunch of coders started crying).

I've been tracking that potential top's confirmation status ever since.

So ya, TA works. It works very well.

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Discussion

Fiat Shenanigans 🤡🌎 1y ago

No, most TA is just overcomplicating the simple. Price action is the culmination of millions of individual human decisions. When you understand the auction process and human behavior, you don't need TA.

CappyNate🍁 1y ago

Human behavior is what TA charts. I mean, great if you have a process. But TA work specifically because people don't believe in it.

Fiat Shenanigans 🤡🌎 1y ago

Charting the how without understanding the why. This is why TA breaks down sometimes.