Technical Analaysis Is Nonsense

TA is unironically saging

How do you think firms like Rentech, Jane Street or Jump makes money?

For sure it's not by investing in some "fundamentals" created by a russian fat burger eater

>muh HFT

those are not HFT funds, Jump is a bit maybe

I don't know. I don't know anything about those firms. I really have no clue what you're talking about at all. If it is not fundamentals then either they must be lucky or be manipulating the market

By finding correlations on the market, backtesting them and then abusing them until they stop being correlated. What do you think they do, look for cups and handles on charts

if more people talk about something, it might reflect in the market, so you check the volume

if there is no volume, they talk about it but not buying

there

you just arent smart enough is the problem. the market is extremely complex and aware of itself, so the signal is jammed. you're butthurt because an eceleb retard led you astray. read a book nigger

What is your point?

well i agree that candlestick patterns is usually a big meme

but Jim Simon himself talks about MAs here for example 10 min in youtube.com/watch?v=U5kIdtMJGc8

Also more quant stuff like OI, liquidations and short vs longs is interesting to look at. or bollinger band break outs

> What do you think they do, look for cups and handles on charts
not since the jews stole the triangles from the babylonians has simple ta been worth a shit. no sympathy for retards who don't bother to catch up to the current meta

that you use sentiment + TA to form a trade

You're a passive-aggressive burden and a loser

you dont even know the definition of passive aggressive. you're like an ant compared to me

They just look for correlations, sometimes it's a correlation with an indicator, sometimes with some real life metric, sometimes with another asset. What they really want is an arbitrage and they look for something as close to it as possible

it works to a certain extent, but it takes a lot of discipline and most of the traders you find online are just retarded
the fact that nearly every trader tries to sell you educational services is a tell-tale sign that it's not nearly as successful as they make it out to be, part of the reason is that behind markets there's brokers trading against you which causes things like bart patterns since there's a series of liquidation events when brokers fuck up shorters then longers or vice versa
youtube.com/watch?v=L7G0OfJUON8

currently we got a well-defined resistance at 28.6k
if you coupled that with knowledge about liquidations you could have made decent money
but it's hard and you have to manage your risk well

Charts tell you what people did, not what people will do. It really is obvious that it doesn't have meaning at all.

rentech uses an insane amount of data for their algorithms to predict future trades, and every firm you listed uses quants. none of them do TA

That really doesn't follow. You just say a truism about how no volume means no one is buying then you make that conclusion. It's nonsensensical but you are already talking about bollinger bands so it's clear you're a bad person already

yes, what do you think an indicator is? RSI is just a correlation of the last moves vs the current move, and their strength/derivative

same with MACD

Kinda sounds like you're looking for something that flatout tells you we go up or down, but things aren't that simple and the only traders that actually make money are very secure in their risk analysis (so using all possible market dat along with TA to determine their thesis and where their stoploss or "invalidation point" is).

You make it seem like people that do TA ONLY use TA, which is completely false. Also I personally don't like indicators since they always lag behind what's actually happening. Support and resistance areas are much more accurate in helping you determining entry and exit points AND invalidation (stoploss). That's the point of TA, not as a magical forecasting thing.

you just seem to argue in bad faith with me

Of course if you see peopel talk about 10 stocks, but only 2 of them got vol, you buy the 2 with vol. What is the problem ?

what do you think "TA" is other than abstracting a market to an indicator about a trend, or range?

quant is just describing you use multiple indicators together with something, basically. say blockchain movements of a wallet, or cars on a parking lot on walmart

Yeah but if chart tells you people bought at lets say 10k, you can imagine they will want to sell before it goes down under 10, because it would loose them money.

So that explain how resistance and support works, a lot of other stuff is pure witchcraft magic tarot reading, and need to be aware of scammers, but the fact that BTC time and time again respects old established price levels is something you can use to work with.

It will not tell you the future, the direction in what market will go, but you have to calculate what you know, what you can guess, and manage risk.

That is how I understand it, but I am newbie and have not yet earned (won, like in crypto lottery) any real money, but you can look at it like lottery, only here you have more control over parameters than in regular lottery.