Meme Retracements

>>3349342
confirmation bias.

That's all of TA. Try using TA to make concrete predictions in advance that can be falsified. You probably won't do better than chance long-term.

>>3349358
so, what? You only buy/sell based on fundamentals and news?

What about buying into uptrends and selling downtrends? Like, buying into a coin after 3 green candles on the 4 hourly and selling on 3 red candles or at a stop less after considering volume. There does seem to be a degree of momentum when a trend is established. Also, big round numbers, like when BTC hit $5000. They either bust through those levels or bump up against them and then dip.

>>3349342
If one wishes to master market economics, they will study alchemy and sacred geometry instead.

>>3349434
>At arbitrary numbers, the value either goes up or it goes down.

Well thanks for the advice buddy.

>>3349701
exactly, but then ull be too high to sell ur neo at 50

>>3349714
>big round numbers
>arbitrary

Nigga, you can't be that blind. At numbers like 5000, 7500, and 10,000 we see exactly what the OP described: A bust or a boom. Honestly OP, it sounds like you're on the right track. Don't let these biztards discourage you from learning and applying your analyses, both technical and fundamental

>>3350044
No, we don't.

it's meme magic

>>3349358
i dunno. the patterns seem quite real, but the fib reasoning sounds like total bullshit.

File: cropped-bitcoin-rapid-growth-1.jpg (178KB, 2000x1200px) Image search: [Google]

178KB, 2000x1200px

>>3349342
Basically very rich people are shorting everything they can a dumping plus FUDing everything to force it lower, they do it at every peak of bitcoin to scare people and make lots more money :(

>>3350098
>:(
If you know they do it, why not profit ?
Too proud to suck on the tits of whales ?

>>3350079
https://www.youtube.com/watch?v=h6o38MN8yqE

>>3350107
I don't trust my ability to short just yet, still learning bro. Will do it when i can find a good pattern