Calling out TA fags

Flameblow
Flameblow

Calling out TA fags.

There is a head and shoulders pattern forming in ETC. If TA is right, it should correct. So let's see how effective TA is.

All urls found in this thread:
http://fork.ethstats.net/
http://slacknation.github.io/medium/13/13.html
http://fork.ethstats.net/
https://www.reddit.com/r/EthereumClassic/comments/4w8iqn/state_of_the_etc_state/
https://twitter.com/gavofyork/status/757197495801880576?
TechHater
TechHater

Good, I've got a buy order ripe and ready should it drop.

eGremlin
eGremlin

@Flameblow
What is the groundwork for technical analysis?

Does it have any logical justification at all?

Or is it genuinely just built on nothing? Because that's the impression I'm getting the more I read about it.

Lord_Tryzalot
Lord_Tryzalot

@eGremlin
I think its just psychology.. patterns that repeat.

In this case its such a fucking fail, its fucking climbing again fuck. Looks like there is no time to wait for a correction, buy or die.

Bidwell
Bidwell

its a pennant you idiot.

idontknow
idontknow

@Lord_Tryzalot

From my experience. TA is only useful when you have time to spare. Which in the crypto market, is a luxury we simply dont have.

I've been trading crypto for quite a while and I still get caught up with trading based on feelings.. When the market is fluctuating at 40% every few minutes. Theres no time for TA. Just go balls deep, and hope for the best. TA is for people who make 20% per year. We make or lose at least a thousand times that amount in a days pump trading

kizzmybutt
kizzmybutt

@eGremlin

the only part that makes sense to me is consolidation. People are incentivized to trade within progressively smaller ranges until theres big news and shit goes down

Firespawn
Firespawn

@Bidwell
How

@idontknow
Well im a NEET so i have 24 hours of free time, yet TA seems to be random as fuck at being right. Crypto is the wild wild west its so fucking crazy. Lots of money to be made (and lost).

I think ETC has the potential to go 0.005 this week, im going to drop an entire BTC soon.

eGremlin
eGremlin

@Firespawn

triangles are the only patterns in crypto. If you think you see a fancier chart pattern, its just a triangle in progress

PurpleCharger
PurpleCharger

@eGremlin
Is this really a triangle in process? draw lines and say if it will go up or down

Spazyfool
Spazyfool

@Firespawn

Need_TLC
Need_TLC

Whether you believe it or not isn't really the point. The key is that other people do believe in it and they trade off it. So they trade off certain indicators and levels and these can be predictable. Algos as well have their parameters set by some of this stuff too. So at that point it becomes a sort of self fulfilling prophecy.

Belief, reality, all of that stuff kind of goes out the window at that point. I do watch some in-depth TA traders on a daily basis and some of the stuff does interest me and does make some sense but I don't think that would ever be a large part of my repertoire. I refuse to ignore anything while I learn to trade though. I've got my eyes and ears open to all aspects of investing and trading.

At least that's the way I see it.

Raving_Cute
Raving_Cute

@PurpleCharger

probably up after completing the triangle

cum2soon
cum2soon

@Spazyfool
what program you use for that also how do you decide to draw the lines? sure the upper line is the highest point, but why you take that line in the lower part there and not elsewhere like lower before the pump forming a wider triangle..??

@Raving_Cute
how do you decide the outcome?

Deadlyinx
Deadlyinx

@Raving_Cute
Also, how do you decide what zoom to use? in terms of days and amount of time per candle. Example, if I set it to 15 min increments, it shows a triangle, if I set it to 5, it shows like almost 2 paralel lines.

ZeroReborn
ZeroReborn

bump

likme
likme

@Deadlyinx

cryptowat.ch, see pic. I reset every time big news causes a breakout

for first top and bottom i watch the price flickering and get a feel for when buys/sells are reaching stalemate, then set that as a top/bottom

@Deadlyinx

i set it to whatever time frame makes a triangle

King_Martha
King_Martha

@Raving_Cute
well its going fucking down and you said it was going up. I bought at 348 and its at 342, I hope it recovers.

5mileys
5mileys

@King_Martha
i hope you have sold all of it

massdebater
massdebater

@5mileys
nope, im holding until 0.004+

anyway this proves TA is a meme. Any fucking retard can dump at any time and create panic. The fundamentals are still good:

http://fork.ethstats.net/

Hashrate is going up and ETH is fucked beyond belief after the hardfork, so if it survives it will be throught ETC.

RumChicken
RumChicken

@massdebater
Hashrate is going up

hashrate is a lag indicator you dumbfuck

VisualMaster
VisualMaster

@King_Martha

no news, dont panic, its just another triangle

whereismyname
whereismyname

@RumChicken
lmao look at this butthurt ethcuck. In this particular case hashrate is a very good indicator of where things are going

MPmaster
MPmaster

@RumChicken
is a lag indicator
do you have brick for brains

@VisualMaster
im holding until this baby hits 0.0180

Sharpcharm
Sharpcharm

@MPmaster
do you have brick for brains
see for yourselves
http://slacknation.github.io/medium/13/13.html

TalkBomber
TalkBomber

@RumChicken

not for chandler guo

ZeroReborn
ZeroReborn

@Sharpcharm
that graph quite clearly shows ETH being btfo though

JunkTop
JunkTop

@TalkBomber
Are you stupid? Chandler Guo is incentivized by price like all miners and doesn't give a shit about hashrate other than it being ALAP(As Low As Possible).

Gigastrength
Gigastrength

@JunkTop
You are dumb as fuck. Hashrate is good the higher the better. Jesus just kys fucking ETHfags.

BinaryMan
BinaryMan

@Gigastrength
I have 1000BTC in ETC. What do you know

Stark_Naked
Stark_Naked

@JunkTop

nah, havent you heard? its 100% altruism. he doesnt want us getting hurt. what a guy.

JunkTop
JunkTop

I sold

Emberburn
Emberburn

@JunkTop
Are you retarded? I hope you buy back, this shit is going 0.04+ in no time, look at the buy order book, its at an all time high now.

SniperGod
SniperGod

@BinaryMan
I have 100000

CouchChiller
CouchChiller

@Emberburn

nope, im ok. enjoy your gainz

Nojokur
Nojokur

@CouchChiller
do you want to be poor? pussy.

Supergrass
Supergrass

@CouchChiller
what makes you sell? dont give me a half assed answer.

Boy_vs_Girl
Boy_vs_Girl

@Supergrass
I sold too.

5mileys
5mileys

@Boy_vs_Girl
get in you mongs, its climbing. Dont complain later that you never get rich.

askme
askme

IMG GOINF FUCKING RICH ITS HAPPENING YOU JUST NEED BALLS

Techpill
Techpill

@Supergrass

i made profit and we're up pretty high in terms of everyones goal price. I dont want to get stuck in an ETHBTC march 13-type position

Sharpcharm
Sharpcharm

@Techpill
Everyone's goal price is 0.01+

RumChicken
RumChicken

@Sharpcharm

until BTC shows signs of life

Gigastrength
Gigastrength

@RumChicken
Just admit it man, you pussied out.

You can still buy before we go higher. This baby is going to kill ETH and go 0.01+, not many chances to get rich like this happen in crypto.

eGremlin
eGremlin

@Flameblow
Here's my technical analysis

AwesomeTucker
AwesomeTucker

@Gigastrength
bruh I put a buy order for $1.95 each and some faggot actually sold me ETC for that price on kraken

better moon

Ignoramus
Ignoramus

@AwesomeTucker
We are going rich with this. Just hold and we will reach parity with ETH, then we will see some real shit.

TurtleCat
TurtleCat

This is why you will never be rich. You sell too soon.

DeathDog
DeathDog

@TurtleCat
What price are we predicting here? $5? $10?

GoogleCat
GoogleCat

@DeathDog
I'd say equal to ether and then the two will hold steady untill a clear winner is found out. Probably ether.

Emberfire
Emberfire

@GoogleCat
ETH is dead. Nobody will ever trust a bailoutcoin specially to run smart contracts over it.
ETC will take over.

SniperGod
SniperGod

@Need_TLC
Except the self fulfilling prophecy meme never works in this day and age, every crowded trade will eventually blow up in your face. Most institutionals have access to level 2 data, they see the ta patterns as well as your stops, they'll just run you out of the trade like the degenerate gambler that you are.

Garbage Can Lid
Garbage Can Lid

@Gigastrength

congrats man, i was busy shorting btc on bitmex. we're all gonna make it

PackManBrainlure
PackManBrainlure

@SniperGod

Listen kid, regardless of what you say, TA works. Everybody trading with more than 1k knows about RSI, MACD, and trend lines

Firespawn
Firespawn

@Garbage Can Lid
What do you think? you said triangles is all that matter. Is it time to jump in again? Fundamentals look good to, http://fork.ethstats.net/ at an all time high.

Fuzzy_Logic
Fuzzy_Logic

@Firespawn

yes, im in

PurpleCharger
PurpleCharger

@Fuzzy_Logic
Fuck yeah we are going up. Will you hold throught 0.006 to hope for new ATH or where are your sell orders at. This looks like we are going parity desu.
I dont want to hate myself if we are at 0.01 next week.

Spazyfool
Spazyfool

@PackManBrainlure
"some" of TA work, muh patterns dont

Soft_member
Soft_member

@Flameblow
@Lord_Tryzalot
What program are you using for these nice charts?

Evil_kitten
Evil_kitten

op is an amateur...

trying to do ta with one indicator
doesnt use 3-4 more indicators for confirmation
doesnt confirm false positive with an indicator
thinks ta can be applied to something as wild as shillcoins

Techpill
Techpill

@PurpleCharger

I will hold until the volume is high and the candle wicks are long. i do think we will get to parity in 2 or 3 more runs.

@Evil_kitten

i cant believe you dont trade like me
my trade methods wouldnt work though

iluvmen
iluvmen

@Techpill
Well its fucking 47 now. Im not going to hold until it goes higher fuck pussying out.

JunkTop
JunkTop

@iluvmen

does that mean you sold?

I bought back in cheaper at .0048. this is a typical feature in early ETH bubbles too.

Fuzzy_Logic
Fuzzy_Logic

@JunkTop
tfw bagholder

Spamalot
Spamalot

@JunkTop
@Fuzzy_Logic
No, im still bagholding. I will ride this shit till the end. Let's hope it hits 0.006 territory again to regain confidence.
I panic sold at 42 when it touched 63, I thought it was going to 30. I bought back in at 55 expecting a rise.

Anyway we have been cucked by TA again. "Just follow the triangle and fundamentals".. lol.

This just seems like a big fucking gamble. No way to predict shit. In any case volume is still high as fuck so lets hope for the best. The possibility for a continued rise in the next days is still realistic. Hashrate is high and people want to make more BTC.

Flameblow
Flameblow

@Spamalot

this looks like bottom at .0042.

ETC stands for everything i thought ETH stood for, so a second chance to hodl is fine with me

Sir_Gallonhead
Sir_Gallonhead

@Flameblow
Looks like we got cucked. I just sold at fucking 36 lol. ETH is dogshit but it seems ETC is on a constant downtrend now. Good luck. I may enter if it gets cheaper in a day or two

Bidwell
Bidwell

Oh and now its going up, as always I sell at the fucking bottoms. I wish I could kill. Fucking luck is everything.

Inmate
Inmate

@Flameblow
why do we not have a disqus channel for this shit.

hairygrape
hairygrape

@Flameblow
Time to cut loss my friend. You got brainwashed by BTC whales who pump and dump a worthless coin for a good laugh. It's not so hard to see the majority of legit applications are being built on the one and only Ethereum and the long term commitment of the Ethereum Foundation on the main chain.

Gigastrength
Gigastrength

@Bidwell
I bought yesterday above .005 and held through the hard times. I don't wanna sell before .009

Deadlyinx
Deadlyinx

I have a huge headache. TA is mostly useless thats whay i've learned. I hope it goes fucking down, I will have a break .

Methnerd
Methnerd

@hairygrape
ETH is dogshit, that doesn't change the fact that I sold ETC.

Ethereum is shit as a whole anyway, once Bitcoin has sidechains Ethereum will be irrelevant.

BlogWobbles
BlogWobbles

Bought ETC at the top thinking it would stabilize around ETH prices.
Huge sell walls have left it pretty much at origin price.

Fug.

Dreamworx
Dreamworx

@Bidwell

this stuff is exactly what happened with ethereum, everyone yelling pnd scam the whole way

Supergrass
Supergrass

@Dreamworx
What the fuck are you going to do now?

girlDog
girlDog

I cant believe I sold at the fucking bottom, its going to fucking 43 again, fuck this random shit.

haveahappyday
haveahappyday

using TA on a bitcoin:
using TA on abysmal volume
using TA on something that's manipulated to hell
overfitting head and shoulders
shorting an emerging and actively-increasing vehicle

Wewlad. Those two shoulders aren't symmetric and the head is shaky as hell.

The most TA-associated vehicle is Forex, mainly because volume is insane (highest of all vehicles). Also, because it's extremely hard to manipulate (and even then good luck sustaining it - pro-tip: the only bulls and bears in Forex are retail investors, i.e, minnows).

On the last point, it's like shorting SPX long-term. You're a moron.

t. Prop Trader

RumChicken
RumChicken

Anyone have experience doing TA through python?

I use Excel and Pandas through work all the time, so manipulating shittons of data is no problem, but where do I look for the actual methods of how TA works programmatically?

BunnyJinx
BunnyJinx

@Supergrass

nothing, thats what i should have done when i bought ETH months ago.

idontknow
idontknow

@BunnyJinx
So you will just hold and hope for parity? Fuck I may get in back at 42 or something FUCK FUCK FUCK FUCK

PackManBrainlure
PackManBrainlure

I haven't looked into this event.
Bought it though.
What's the mathematical probability that there will be parity?

BlogWobbles
BlogWobbles

@idontknow

yes, I have my goal amount of my idea of "ethereum" so my hands are steel.

Stark_Naked
Stark_Naked

@PackManBrainlure
50/50

there will or there will be not

Evil_kitten
Evil_kitten

@eGremlin
Some of it is only logical, and makes sense.

Some of it, when repeated often enough (and used by enough people), come true because of the volume.

w8t4u
w8t4u

honestly what are the fucking % chances of me nailing it to sell right at 36 when it bottomed?

I thought it was going lower since stop losses could be triggered at about 35 ish and we could go lower, so go and i sell right at the fucking place where the price keeps going up again

now i find myself in the diatribe: should i wait to see if we test 35 ish again, or should I buy now because we are going 50+ again?

this is making me insane

and what about this:
@Firespawn
momentun failed us. it was looking bullish again and we got cucked. how the fuck can you trust anything then? shiiit

iluvmen
iluvmen

@w8t4u
some dude dumped 200k ETC when it was about 006

I usually minimize risk by selling all my holdings early, around mid pump, and just stick to microtrading a small amount after that.. I miss out on the juicy peak profits but at least i wont be left bagholding

Methshot
Methshot

ETC is a joke, even if you think ETH is a joke, ETC is like the joke of the joke.

Why? Because ETH actually has devs (even if they're slav memelords) while ETC has none. The next big software release (Augur) and/or cryptoconference (iirc hong kong or shanghai crypto in september) for ETH will kill off ETC.

TreeEater
TreeEater

Like you people actually think that this ETC-spinoff thats 'TOTALLY FREE OF DEVS' will work when the only people interested in it are poloniex trollbox kids?

wtf

Burnblaze
Burnblaze

@RumChicken
mate I use SQL - ensure that the data is already daily-granularity and voila, all the patterns are easily retrievable

girlDog
girlDog

@Methshot
@TreeEater
bullish

haveahappyday
haveahappyday

https://www.reddit.com/r/EthereumClassic/comments/4w8iqn/state_of_the_etc_state/

Emberfire
Emberfire

@Methshot
while ETC has none
One of the main ETH devs moved to ETC so stop bullshitting

https://twitter.com/gavofyork/status/757197495801880576?

Firespawn
Firespawn

@iluvmen
You never know whats "mid pump".
You may think you are at the middle, you sell and you are lossing on another 100% gains. You never know how high it can go.

lostmypassword
lostmypassword

fuck my so called life

cum2soon
cum2soon

@Burnblaze
Huh, hadn't thought of just loading it into a database. What are you using?

Still, I'd like to use numpy and pandas to fuck around with data too, they're versatile in a way that I never found SQL to be

VisualMaster
VisualMaster

Is it time to stop hoping for a 35 sat correction and jump in again?

whereismyname
whereismyname

@Evil_kitten
Which parts are the logical parts?

GoogleCat
GoogleCat

its going fucking up

Illusionz
Illusionz

@Sir_Gallonhead
I just sold at fucking 36 lol.
Jesus dude. stop panicing

Boy_vs_Girl
Boy_vs_Girl

@Illusionz
I panicked so fucking hard but who is to say that stop losses wouldnt be triggered at 35 and we go back to 25? I had bad fucking luck to hit RIIIGHT 36.

I got back later at 46 then it started to go up, now back to fucking 47.. im not touching this shit until it tests 60 ish again, fuck this. Fucking mind games will not get me.

viagrandad
viagrandad

@Boy_vs_Girl
Buy during a sell-off trend.. Never trade with emotions Do not be scared to baghold even if it dips below your buy price.. Watch the market volumes and depth charts closely, you'll notice a rubber-banding back-n-forth tug of war.. If you can time the patters, you should do well. Good luck user

5mileys
5mileys

@Firespawn
this is true no one really knows the future.. i always layer my buy and sell and take advantage of the next crash. I made more by riding the roller coaster rather than just longholding a fixed amount

iluvmen
iluvmen

Any who says TA dosent matter is a clown. Traded ETH and ETC based off chart sets ups and they dont fail. If your TA is "useless" it just means you dont know how to read a chart.

Burnblaze
Burnblaze

@iluvmen
Tell us more about your TA magic.

hairygrape
hairygrape

wake up into a dump down to 40
yep im killing myself

Methnerd
Methnerd

@viagrandad
So much this. What's the point of selling below what you bought for? *sigh*.. normies.

Flameblow
Flameblow

@Boy_vs_Girl

:^)

LuckyDusty
LuckyDusty

@Methnerd
implying shitcoins cant crash and never reach the price you bought in for ever again

Supergrass
Supergrass

Absolute newfag here. What is TA?

Nude_Bikergirl
Nude_Bikergirl

@Supergrass
Tits and ass

Crazy_Nice
Crazy_Nice

if this coin does not hit 0.005 at least again im shoting my head

Spamalot
Spamalot

@Nude_Bikergirl
I'm serious.

I'm assuming it's some sort of algorithm. I'm finding "Threshold Algorithm" but it doesn't seem quite right.

Methnerd
Methnerd

If I get dubs ETC is a scam

Boy_vs_Girl
Boy_vs_Girl

looks like the trend is up now again

haveahappyday
haveahappyday

TA is fucking retarded for stocks alone, never mind even more volatile and unpredictable crypto. The only reason it even sort of works is because everyone more of less believes it. So they follow it and basically make it real.

Its a great example of the psychology of trading.

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