/tag/ TECHNICAL ANALYSIS GENERAL

>anywhere from 8k to 500k with some outliers
christ

can you earn money with TA consistently? how long does it take to start being profitable?

Any IB firm worth a shit will have people employing fundamental, TA, and quant techniques.

bitcoin $1,000,000 EOY screencap this

This is somehow more worthless than ta

I love Bollinger Bands.

Why are exchanges such shit lads

Literally no tools for charting and I have to use a Malaysian lolnovolume one if I want to use a trailing stop

So, I made a very basic prediction for NEO's price tomorrow at this hour.

It's pretty shit but I tried to make it based on what've seen on the past thread. Anybody should be able to do simple shit like this, right?

Right?
Well, it's probably completely wrong, but still.

Hey, I'm insterested.

That's where tradingview.com fills the gap.

qryptos has a bunch of charting tools but the last time I tried farting around with them it was a bit clunky

Hmm so it could do literally anything, good to know

i like this idea, have a bump

That's really optimistic. The first bounce seems plausible, but after the run up it just had, I would expect it to cool down for a few days at least.

Requesting a LTC/USD if you don't mind.

Brainlet here

What duration candles should I be primarily looking at for day trading

>TA FAG
TA fags don't even have the balls to short/long with above 50x leverage
You know your TA shenanigans won't save you, admit it.

bitmex.com/register/toYHiE

You're missing the simulations where it goes backward.

I think you should always start with 1d candles to get an overall feel for what direction prices are going. Then, work your way in to smaller candles.

Even if you are trading at the 15m or 30m level, it's good to know what's happening at 1h and 4h.

Are there any decent platforms that let you do demo trading with fake BTC?

I’ve been studying TA more and I’ve been messing around with a demo account on Whaleclub but I wanted to see if there were others. Not ready to risk my real gains yet.

in spagheto we trust

Over the past few days, I've only been buying when everything is below the EMA12 and EMA26 and selling at a reasonable profit and made about $50-$100 with $1000. I made a mistake of FOMOing and buying at a peak thinking it was bull run and had to hold those bags for an entire day and only barely managed to sell at a $1 profit.

and they will still not beat the market

Yes, I recommend tradingview.com, also gdax.com is an exchange which has fairly good charting.

For the most part they are the market.

What? GDAX only provides 2 EMAs at 12 and 26 periods.

To be fair gdax has a solid trading ui, but they provide very few technical indicators.

You're right, I take back what I said about GDAX. I was simply comparing GDAX to other exchanges I've used but it has poor charting features from a technical point of view.

>ta fags
Lmao, volume and price movement are all that matters
Enjoy buying my bags because the closing of candles are manipulated in the last two minutes of all of them

>volume and price movement are all that matters
Isn't this what TA people look at?

Someone do fun. it's been cucking me for 4 days straight. it's just been bouncing between 950 and 850. should i wait for a spike or should i sell my position?

~0.0025 btc on the table. 1/6'th of my portfolio has just been sitting and doing nothing for the last week basicly.

he plugs directly in and doesn't use the ui

BTC/USD TA, we're looking at 14k in the short term but still considered a bear market with head & shoulders approaching 8k middle of Feb. Key dates to look out for Jan 30th to mid-Feb.

tradingview.com/chart/BTCUSD/GBdDEgy8-Rinse-Wash-Repeat-the-fractal-road-to-8K/

Pennant forming.
May breakout upwards, depends on what BTC does though.

Wait until the 26th to see if btc bulls win the futures.

just a little addition. i often see this pattern when looking at historical data. i have never seen it go bye bye after a long term zig zag. still though itt's been bugging me and on my mind for a long time.

Don't think that a breakout is happening anytime soon.
Pic related (UTC+1)
What you see there are the prices 24h prior and as you can see, in about two hours it will start climbing. This means that the 24h change indicator will be in the negatives. I estimate -4% in about 2.5 hours and it will continue to drop for a while. Obviously such a thing is going to influence the sentiment and will prevent a breakout upwards from happening any time soon and might even instigate a breakout downwards.

but user so far every time it's gone upwards from ~850 it's been when it was in the negative ~5% 24 range.

LTC seems poised to take-off with an 8-day pennant, but we won't know until the Jan 26th

"Woops I just drew the wrong line oh wait it still looks right I'll post this on tradingview then"

pointless to do TA on ltc when it just follows btc

Also some fib numbers on LTC.

261% $737
161% $572
100% $470
61.8% $407
38.2% $368

I'm bullish on LTC for a number of reasons.

1. It is building a nice big pennant on the 1d chart.
2. Stochastic oscillator is oversold.
3. Price remains above the Ichimoku Cloud.
4. Big year ahead for LTC.

I do think we will drop a bit before breakout though, based on a weakening RSI , Tenkan crossing the Kijun from above and seemingly inevitable Chikou cross.

>based on a weakening RSI , Tenkan crossing the Kijun from above and seemingly inevitable Chikou cross.
Sorry, this shit is just too funny.

This. They're a bit more open to TA when it's telling them what they want to hear though.

You're partially correct in that this is a bear market which BTC drags everything down, but to address user's question about LTC. If you have LTC bags I would go long on them, but staying in fiat until mid-Feb is the safest play you can make given macro-market conditions. If you want making short-term swings like I have I would play very small in LTC which shows upswing trend lines in this bearish market and you can make some gains without risking too much. Basically, be patient.

I tend to believe you because you know the names of the Ichimoku clouds while I don't even know to use this indicator.

huh. Just download a spare folio app and play with it. How is it not obvious?

>underrated post

>he believes this total bullshit
>muh cup and handle
>muh double bottom
>a taurus just isn't compatible with a scorpion
fscomeau.com/why-technical-analysis-is-bullshit/

shill your blog somewhere else faggot

I wish this was my blog.
Also, you must be a peixes, so sceptical
>Let's all believe in magic together

>I wish this was my blog
It probably is, but either way you and the author are both retarded.

>fscomeau
this is a joke, right?
This guy manages to have a 80% lose rate in the stock market. He's the local joke on /wsb/

TRX has gone wild recently and became a multi-bagger those who own and HODLed it. It has corrected from its peaks and now hovering around support lines (EMA 30 & 50) and broke out of the resistance line this week. Though the chart favour a bullish trend , the market conditions are not supporting it. We have to wait and see how this trade develops. If market conditions settle and if it ends up having few green bars on daily chart ...then mostly it is a buy. For now, keep an eye on it. With that said, I would consider TRX a decent long-term play.

fine, fine, you don't like my sources. then please refer to wikipedia and show me how it says on there that TA has shown to be a valid and profitable basis for decision making in a financial market
pro tip: you can't

You're right and I completely agree with you. The problem with TA is people mistake it for just science and prediction because it uses hard math, when TA is really more of an art form. Eventually, everybody will develop their own TA style and flavour that they follow, threads like these is to promote TA, have anons share ideas, so that at least we will have numbers to work with and arguments can be made for either side. Hope this make sense.

The only TA you need to learn to read is supply demand. Works in every market every time frame

TA isn't bullshit, I've used them without fail for 10-30% gains. It only becomes bullshit when the market decides to screw itself up

learn to read S/D, I guarantee you'll make more than you lose

Why wikipedia? Here's a source though: investopedia.com/articles/active-trading/062215/debunking-8-myths-about-technical-analysis.asp

>he thinks TA is better than reading tea leaves

Slightly outdated, buy at $130 retest. NEO broke out of the BTC falling wedge and is now breaking out on the USD chart. This sets the possible targets as follows:

$197
$299
$464

EOS/BTC
The currency has been in an uptrend and the price is now in the "Buy Zone" of the Bollinger bands. The RSI is around 68. There is also an uptrend in the RSI which acts as a dynamic support and prevents price from more losses. We define our buy zone between the Fibonacci levels of 38.2% and 50.0%, so we can benefit from the uptrend if pullback to this zone.

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.

Take Profits:
We take two trades accordingly:
1. first resistance is at 0.00132 and will be our target
2. Without target

Nice meme lines autistic fag. Go gag on your tranny boyfriends cock.

But Virg instead

Decred

>Fib
Opinion disregarded. Now you just sound like an old Romanian woman reading palms and foreseeing the future. I swear most of you ta fags are unironically retarded. Who the fuck told you prices follow a Fibonacci distribution?

Show us a 1 month benchmark of your trading skills user. Most traders lose money. The only money in retail trading is the tutorials and learning materials.
All this coins have a covariance with bitcoin. Why not just chart the king and commit statistical arbitrage on them. I swear, the poor will always be poor

I agree that certain aspects of TA may seem arbitrary, but they do have a solid basis. The biggest misconception of TA is that it is depicted as a hard-science, when in reality it is really more of an art-form that uses mathematics and psychology. Everybody that does TA has their own certain stye and flavour, which makes the field of TA very interesting and informative. Additionally, TA helps the trader to temper their emotions and feelings with solid numbers and metrics when it comes to trading preventing rookie trading mistakes such as FOMO or panic selling.

show your source that most CRYPTO traders lose money.

I swear to fucking god you faggots read one article on new york times or wsj and all of a sudden you're a fucking expert on the topic. Different markets have differing levels of competitiveness. It's like saying only a small percentage of professional athletes make it big but you're making this speech to a bunch of people that are just trying to play at JV level without you pestering them.

If you weren't a massive faggot you'd realize how fucking easy it is to make money in this market.

Anyway, requesting some TA on OMG for potential targets. Top of the 1Day kumo is at 0.0018, anyone have potential targets for high it could go if a breakout occurs?

This.
Thank you for this thread, user. I'm so tired of Veeky Forums now.

Think there is a cup and handle with FUN

I'd like to second this, I suspect this was inspired due to the Veeky Forums invasion since they actually run a proper board.

Thanks

But does it really work though or are you tricking your mind into a bias? I appreciate you cleared out your view point without name-calling. I'd like to challenge you to run backtests of your strategy against past historical data.
I have a prop trading firm from jersey. I was here on yesterday.
>show your source that most CRYPTO traders lose money.
This is so common knowledge, its a fucking stereotype. Since the 90s, retail traders don't make as much, including in crypto. People making money was a result of a rising tide, taking it with them. Don't forget this. Zoom out of the charts.
>If you weren't a massive faggot you'd realize how fucking easy it is to make money in this market
But I am making money here too. Not just using TA though. You making money in crypto isnt because of your epic trading skills I assure you. It's all too forgiving, for now. For example, this month has been rough user. How much have you made?

I'm bullish whenever Anubis shows up in LTC charts. Do you really want to get dunked on by Anubis? Because that's what little pyramids gets you.

>A thread died for this
Fucking brainlets and their TA crystal balls

If you have the skills to whip up a good statarb algo and bots you're probably already doing really well for yourself and don't need to fuck with crypto.

It's going to be really funny when fast crypto brokerages with more products than simple fucking tokens come online over the next couple of years, and the quant and HFT boys can properly move in. Retail traders are completely fucked when that happens.

>m-m-m-uh b-backtest
it's you again, god damn it

Wheres a good place to park my gains overnight?

Crypto is like a personal kind of thing. Something I do in the evening or on Sundays.
You didn't send the email

Op can you please ta Raiblocks(xrb). This has been me sind the beginning of january.

TA VEN pls

How should I read this Are we going down to the orange retracement level?

anyone have the screenshot of weiss?

fine you honestly probably know more than i do so post it again

I don't have a TA, but looks like you bought XRB at ATH. I would take advantage of this current bull-trap by Jan 29th/30th and try to get into fiat before the final market down until mid-Feb

Fuck you OP you arent supposed to let them know about neural bots holy shit you are going to ruin everything Just shut the fuck up

Why do people hate TA do much? Everyone always says that no professional trader uses it and it's just a way for newfags to loose money, but I just spent 2 months writing python code to backtest a bunch of TA methods and a lot of them, about a third I tested, were almost always correct. Started to make predictions in real time using the ones that work and writing them down so that I can test it's accurate and the last week I've gotten correct predictions over 70% of the time, the only real failure is when a random pump starts from something not on the charts like when the ratings came out. Want to start trading for real next week using this method. If I could apply basic statistics to it and find shit that works I'm sure professionals can too.

Yeah can we get TA for VEN and REQ? I'm unsure about either, on one hand we have a nice ad/promo for VEN that just came out on the other REQ has been hovering almost perfectly between 4150-4250 satoshi.

FUN is a special case, i think. nearly every single coin is in the positive, except for FUN.

>ta doesn't work

etfhq.com/blog/2013/03/02/top-technical-analysts/

Do you guys. use coin/USD or /btc ETH.
I use mostly btc since USD is too connected to btc