Bitcoin Forum

Economy => Speculation => Topic started by: jago25_98 on April 10, 2013, 10:13:30 PM



Title: Tech analysis subscriptions - useless?
Post by: jago25_98 on April 10, 2013, 10:13:30 PM
 I subscribed to quite a few sources in order to catch a flash crash, sell high and buy low.

None of them called a top or forecast this crash other than to say "if it goes below the x line then sell". I don't know how automatically sell below a moving line and I was busy today so I missed selling. Not a major bummer since I only speculate with a small amount but it does make me think I've wasted my money on tech analysis - once again another failed experiment! :D

 Do you agree?
 Do you have a method for automating buy and sell?


Title: Re: Tech analysis subscriptions - useless?
Post by: robamichael on April 10, 2013, 10:18:48 PM
If drawing lines on top of lines could make you real money, would you even spend time selling your mystical chart readings to someone else?

Or is it kind of like magic, where it's real if enough people believe it?


Title: Re: Tech analysis subscriptions - useless?
Post by: Mushoz on April 10, 2013, 10:19:07 PM
I subscribed to quite a few sources in order to catch a flash crash, sell high and buy low.

None of them called a top or forecast this crash other than to say "if it goes below the x line then sell". I don't know how automatically sell below a moving line and I was busy today so I missed selling. Not a major bummer since I only speculate with a small amount but it does make me think I've wasted my money on tech analysis - once again another failed experiment! :D

 Do you agree?
 Do you have a method for automating buy and sell?

I think Bitfinex has stop-buy and stop-sell orders. Might wanna take a look there.


Title: Re: Tech analysis subscriptions - useless?
Post by: fabrizziop on April 10, 2013, 10:29:20 PM
Just do your own "tech analysis". I knew that if we went under 240$ I had to sell. Sold, lag was 15 min, order was filled at 236$. It worked out for me.

The last thing you need to know if that if you miss selling before panic (and you still want to sell), sell on the rebound overshoot. It always happens since every flash crash in this rally.

If this is usefuk donate BTCs to me ;).


Title: Re: Tech analysis subscriptions - useless?
Post by: afbitcoins on April 11, 2013, 07:28:33 AM
I offer my blog for free, make of it what you will  8)