How do I learn TA? I want to become a better crypto trader and not have to rely...

PackManBrainlure
PackManBrainlure

How do I learn TA? I want to become a better crypto trader and not have to rely on random people on Veeky Forums and twitter for tips.

All urls found in this thread:

youtube.com/channel/UC587BAG9cLTYtJ7Q4CqcOnw
businessinsider.de/isaac-newton-lost-a-fortune-on-englands-hottest-stock-2016-1
veekyforums.com/thread/2196133/business
news.bitcoin.com/bitcoins-price-correction-called-in-advance-by-analyst/
investopedia.com/university/charts/
cdn.preterhuman.net/texts/unsorted2/Stock books 029/John J Murphy - Technical Analysis Of The Financial Markets.pdf
chicagobooth.edu/~/media/34F68FFD9CC04EF1A76901F6C61C0A76.PDF

Raving_Cute
Raving_Cute

Wtf that image.... Is he writing with pencil on a monitor?

CodeBuns
CodeBuns

lmao. bump for interest

DeathDog
DeathDog

I'll give this a bump as well, it feels like I'm missing out on opportunites just because I don't have the eyes yet.

Dreamworx
Dreamworx

bump for interest, TAanon has been fantastic and I've been learning how to use fibonacci more effectively on my own since he first explained it

I'd very much like a place of independent study without going back to business school ffs

Spamalot
Spamalot

read about stock market TA

Techpill
Techpill

If he used a pen he wouldn't be able to erase dumass

Methshot
Methshot

can someone try to TA the ETH chart right now?

needs a tru pro

Boy_vs_Girl
Boy_vs_Girl

Technical analysis is simply your mind creating patterns after the fact that have absolutely nothing to do with your possibilities before the event that you were analyzing.

stop making this fucking thread you turbo new faggots

Stark_Naked
Stark_Naked

no shit, but where should I buy the dip

my current avg cost is $27 so I'm still doing just fine, I just need to know the best price to increase my position

DeathDog
DeathDog

trusting the squiggly line jew

Srs tho this guys is really good for crypto TA.

youtube.com/channel/UC587BAG9cLTYtJ7Q4CqcOnw

Boy_vs_Girl
Boy_vs_Girl

This.
"Fibonacci" doesn't even mean anything meaningful retards. It's like makeup labeled with "quantum energy"

You retards are literally falling for "this wife makes 3000$ a day from home using this one simple trick"

Firespawn
Firespawn

TA is fairy shit for common stocks.
It's completely unusable for coins.

Crypto is all about sentiment, hype and selling faster than all the other shills.

LuckyDusty
LuckyDusty

lol...
comparing an amazing mathematician with something totally unrelated and delusional.

stay ignorant non-STEM

ZeroReborn
ZeroReborn

Isaac Weakhands

Newton dumped his South Sea shares, pocketing a 100% profit totaling £7,000. But just months later, swept up in the wild enthusiasm of the market, Newton jumped back in at a much higher price — and lost £20,000 (or more than $3 million in [2002-2003's] money. For the rest of his life, he forbade anyone to speak the words 'South Sea' in his presence

businessinsider.de/isaac-newton-lost-a-fortune-on-englands-hottest-stock-2016-1

Supergrass
Supergrass

an amazing mathematician
Exactly. Just putting the name of an amazing mathematician or le ebin golden ratio into your triangles doesn't make them viable.

I'm sorry you're this gullible

Emberburn
Emberburn

TA is a meme, doesn't work it's just a way to justify gambling

Spazyfool
Spazyfool

fib algorithms have nothing to do with triangles... just patterns of growth and decay in a bullish market.

read a lil, kiddo.

Poker_Star
Poker_Star

fib algorithms have nothing to do with triangles
Exactly, yet that's still how people like you use them
just patterns of growth and decay in a bullish market.
Not that either. That's something memesters like you started doing 900 years after the fact, because they watched a youtube video or whatever

AwesomeTucker
AwesomeTucker

sell everything to btc then to usd?

TurtleCat
TurtleCat

Learn Elliot Wave + price action + Andrews Pitchfork + lots of screen time. The markets are not random in the slightest. The fundamentals always show in the charts, so technical analysis is the most efficient method to pull money out of the markets.

Those who say TA is bullshit typically have not put in the time or the research to learn how to analyze the data. They gave up too early or talked themselves into thinking that markets are random.

Deadlyinx
Deadlyinx

Kek. TA is modern day astrology.

likme
likme

TA

Skullbone
Skullbone

news breaks
Price goes up
Two weeks later
TA nerds draw a line on the price jump to next week
SEE ITS GONNA JUMP AGAIN MOON MOON MOON

Supergrass
Supergrass

This will get you started. You're welcome.

Nude_Bikergirl
Nude_Bikergirl

Do you need to complete it with a fundamental analysis book?

Lunatick
Lunatick

TAAnon/Mr. Chart/whatever the fuck you wanna call me here. First of all: those of you talking shit about TA are just lacking background research and knowledge to have an opinion on the topic. Please I encourage you to invest some of your time studying and applying TA and you will understand how wrong you are right now. The random walk theory has been proven wrong countless times now.
For example, regarding today's BTC/USD drop: check this post I made about the situation like half an hour before the drop: veekyforums.com/thread/2196133/business

From that chart it was clear a trend inversion was imminent, that is minutes before the drop. Imagine opening a nice leveraged short position there and just profiting while clueless idiots like some of you just wait and hope that the market will execute your wishes :P
TA is the bomb, especially for short-term trading and scalping, but guess what? It even works for long term investments, because the principles are the same! When combined with a good amount of FA it really gives you a big advantage over idiots. I guess being used to serious markets that's the norm? CCs just seem full of negligent ignorants who just hopped the train because HURR DURR BITCOINZ TO 10000!!1!1

Anyhow, for those of you intelligent enough to actually go on and improve their skills, there's just an endless amount of resources available. I'm not even skilled and did everything by googling and practicing (started with play markets for that, in the beginning it's just the right thing to do, since you will fuck up far more frequently). Good luck and ask away if you need anything! Happy to help people that want to do things the proper way :)

idontknow
idontknow

Having access to what everybody has access (aka ta memes) makes you somewhat in advantage.

TurtleCat
TurtleCat

what would be the most valuable resource of TA you have come across so far?

BinaryMan
BinaryMan

thank mr chart (I am the user who coined that in the thread yesterday lol). Been looking for you all day. You think this is a bear trap or a dead cat bounce right now? What do you think the floor of BTC will be if it goes down?

mr chart. He's not the namefag we deserve, but he's the namefag we need.

PurpleCharger
PurpleCharger

Its too volatile and under-traded by big players for TA to be useful.

TA works on say, FOREX, because big banks with trillions of dollars in assets are sloshing around doing the same shit they always do. Not to mention algorithms. You want to make money with crypto? Find out when chinese people are going to buy eth.

StrangeWizard
StrangeWizard

literally /ourguy/

Harmless_Venom
Harmless_Venom

I would also love to know this. Is there a good website or book? Maybe a youtuber?

RumChicken
RumChicken

This is a downtrend retracement. Trend has inverted. Price is going down. It may need some time, but a solid downtrend will likely form. Recovering now would be basically impossible, at least not before some short/mid term downtrend movement.

BunnyJinx
BunnyJinx

I used to literally google TA shit and learn to get started. And the book posted before is top notch.

Raving_Cute
Raving_Cute

Thank mr chart. Will hodl steady and then try and buy in more at the real dip. Not trying to get rich quick, just looking for solid long term gains.

King_Martha
King_Martha

appreciate it.. putting that book in my reading list ASAP

BunnyJinx
BunnyJinx

I don't think so. This is a very readable book. If you take an interest, there are other books to read, but I promise that if you start by reading this one, you will get a good foundation to build upon. btw, my background is mathematics and computer science. I learned about business by working for them and watching the markets for a few decades.

Need_TLC
Need_TLC

YO BOYS

If ETH is at $165 with sell orders up to $175= $40,000 ,

If I buy all sell orders up to $175 will the price jump from 165 to 175$?

PackManBrainlure
PackManBrainlure

Yes it's possible if others don't dump right after....it would work if you were the only trader. Could also get people to continue the buy trend. Pretty hard to predict IMO.

Emberburn
Emberburn

By the time you finish your shitty ass triangles the market will have corrected. Crypto's are too volotile to perform TA in any meaningful way aside from finding support, resistance and channels.

ZeroReborn
ZeroReborn

Thank you. I figured everyone's buy orders would still be set way behind me and without enough people buying immediately it would fall back fast.

I could buy all that up to a certain point and then set a buy wall but of course whales do that all the time

SniperGod
SniperGod

fundamentals mean nothing intraday
u jelly?

Garbage Can Lid
Garbage Can Lid

Crypto's are too volotile to perform TA in any meaningful way aside from finding support, resistance and channels.

I wonder if this is really true. Got any dox or are you just talking out of your ass?

BunnyJinx
BunnyJinx

People who crap on TA are uneducated idiots. I've had people here throw apoplectic shitfits when I tell them I am very successfully using machine learning algorithms to do predictive analytics and drive my trading system. I really don't care anymore. The proof is in the profits. Now, I mostly just sit back and laugh at how butthurt folks can get about something they aren't bright enough to understand. I sense that you are not one of those people.

CodeBuns
CodeBuns

TA

Drawing pictures and patterns over unrelated market behaviour and hoping for it to stick

Crazy_Nice
Crazy_Nice

TA
draw lines
huh that didn't work
let me try it again
draws lines again
OMG IT WORKED UP 2%!

observation bias at its finest

iluvmen
iluvmen

ironically it works when more idiots believe it works

Lord_Tryzalot
Lord_Tryzalot

news.bitcoin.com/bitcoins-price-correction-called-in-advance-by-analyst/
Spot on by analyst

Evil_kitten
Evil_kitten

Underrated.

happy_sad
happy_sad

But that's impossible. Everyone knows there are no predictable patterns in market data.

Gigastrength
Gigastrength

jesus... all indicacors are based on price/volume u need to really know an indicator to use it properly, follow the price.

Sharpcharm
Sharpcharm

get robinhood
trade stocks while you hold crypto
come to /rgt/
get burned by some memes
make gains from some memes
learn what it looks like when you're about to get burned and about to make gains

thats the only way
drawing lines is garbage
recognizing patterns is the way to enlightenment and riches beyond your wildest dreams

Crazy_Nice
Crazy_Nice

Lol thow the fuck can anyone think TA is a myth? Basic resistance/support levels? Channels? Reversal patterns? If any of you are investing more than a $100 without even knowing these fundamentals, I look forward to benefiting from your ignorance.

Humans act in accordance with some basic psychological/emotional patterns. Pretty stupid to think they wouldn't be reflected in the market place

AwesomeTucker
AwesomeTucker

You're saying this to people who legitimately think that MOON is a good investment.

Firespawn
Firespawn

Humans act in accordance with some basic psychological/emotional patterns.
I believe this to be true, I just don't know how to seperate the real techniques from the flim flam out there.

RumChicken
RumChicken

That's actually really interesting op. Wish I had the programming chops to do something like this

BunnyJinx
BunnyJinx

Here's a very brief overview: investopedia.com/university/charts/

The book mentioned above is in the mail for me and a pdf is here: cdn.preterhuman.net/texts/unsorted2/Stock books 029/John J Murphy - Technical Analysis Of The Financial Markets.pdf

Fried_Sushi
Fried_Sushi

drawing lines on a graph doesn't tell you shit
OMG IT JUST BLASTED THROUGH ITS 50, 100, 200-Day
said the investor all the fucking time
stock movements are (((coordinated))), no fancy lines are going to magically cut off your foreskin

you have to notice actual known patterns

Boy_vs_Girl
Boy_vs_Girl

Do you think TA triangles are caused by whales trying to squeeze all the profit from instability until it stabilizes and then it jacks up or down in price, or is that herd mentality, or both?

happy_sad
happy_sad

Advanced TA is pretty much useless voodoo and means nothing without context. It does help time purchases and sales, and confirm some things you might already believe.

askme
askme

babby doesnt know the first thing about finance or mathematics
Sad!

chicagobooth.edu/~/media/34F68FFD9CC04EF1A76901F6C61C0A76.PDF

Gigastrength
Gigastrength

Good looking out there user, I'll check it out.

Spamalot
Spamalot

TA Pro here, looking bleak t b h

Flameblow
Flameblow

start with the basics and then get some software and implement algorithms if you want to day trade.

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