I used to watch a lot of TA
Now I dont at all
Very few of them analysts have any idea what is actually going on
Plus: "All models are wrong, but some are useful"
Discussion
amen.
someone wiser told me "a prophet is known when his prophecies come true"
so it's kinda pointless =)
i call it "pulling the future into the present" and why do that...
knowing probabilities is all you really need, everything is fuzzy
That's a great point. For me, the choice was between 100% chance of paying a yearly 0.2% fee to some ETF product or take a 50/50 chance on a company to be a proxy and save the fee.
I suppose the game then would be refining the 50/50 odds to something more specific according to price, management and legal news.
actually, i don't know if this would be called "TA" or "awareness of market makers"
let's see if BTC be 126.4k this weekend:
