I am also bullish on bitcoin now, but I am not using TA because I believe it doesn't work, just one glance at chart and we can see that there is chance for reverse.
RE: GTWCA-32 | Finally Going Up!
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GTWCA-32 | Finally Going Up!
@wojtasss
TA will get better as Bitcoin and other crypto markets age. TA is based off data, so since BTC is "new" compared to the NASDAQ or the DOW we do not have alot of data on BTC yet. So yeah TA can be really unpredictable at this time.
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"Other crypto markets"? Is not there only one, is it? You probably mean "btc and other coins" - when they age it should be easier to predict? Yes and no, depends but I think I know what you mean.
Ta is not as hard as you (might) believe it is. You just need to know how to trade it.
Longterm is the easiest option - it is extremely probable that btc moves upwards (about 90%). Of course pretty nothing is dead sure.
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@gandalfthewhite
Yeah all the altcoins and their weird pairings on exchanges. I guess until more altcoins are sold for fiat we wont have good T/A on altcoins. As they are almost always sold to BTC to fiat. But yeah T/A is built on years of market data, luckily bitcoin is almost 10 years old so theres some data there.
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Alright. That is what I thought.
I know what you mean; you are partly right. Of course it is better if you have a chart with a coin traded against usd rather than btc.
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Dear @wojtasss,
Good decision my friend because btc definitely is bullish although the correction of the big hype was pretty intense, maybe not over anyway but all in all it looks good.
That surely is one reason why it does work that good because enough people do not believe in it (or do not know how it works).
Well, this is a ta, kind of.
Yours truly,
Gandalf The White
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