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Hi segeln,
>why donīt you use Tradingview
I used it a little but didn't really like it. I don't know why because it is far superior to bitcoinwisdom - perhaps I should take another look
>expose your Charts directly in your post here in the Forum ?
I have a wider audience than just this forum. Also I need traceability to my trade calls - there are interested parties
I found the current imgur system solves the issue of 'private' and 'public' parties.
But I thank you for your suggestion and reasoning in relation to Tradingview. I will take another look
Kind regards,
Dirk K.
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There are probably people on here who have successfully used TA to increase their bitcoin holdings. But they are few and far between and, like most gamblers, will only mention their wins and not their losses. But the buy-and-holders have done over 90% as well with no sleepless nights or worry or risk of being in all fiat when the next bubble hits.
And whenever challenged to show how their "system" beats buy-and-hold, they typically disappear or start getting angry.
I think the narrative on TA vs buy & hold is a little narrow. It appears the reference is continually on BTC or crypto buy and hold. If your saying that TA is useless in the crypto world then that may be so - but one cannot dismiss TA as a tool for buying stocks, currencies and other securities. I have shown in my published charts that TA *is* applicable to BTC. I am not a miner. I have no idea of the longevity of crypto - so I trade it and not by gut feeling or responding to 'mooooon'. If TA is not for you then fine - don't use it. Similarly don't bag and dismiss something just because one doesn't understand it. >And whenever challenged to show how their "system" beats buy-and-hold, they typically disappear or start getting angry. that is probably true in some cases cheers, Dirk K |
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Hi, I suppose if one begins with the presumption that TA predicts the future then it is understandable that there are detractors. If you have ever studied TA the first thing you learn is that TA DOES NOT forecast or predict the future. Not one TA/charting specialist would ever say it does! What you might hear is that: 1. TA first and foremost gives a visual of price action over time and the repetative patterns within. 2. It is a way to marry price, time and volume in derived equations that plot as indicators 3. TA REDUCES the risk to enter a trade or INCREASES profit by knowing when to get out. I have shown on my imgur site (three installments back) exact entry/exit prices for BITCOIN BTCe. On the charts you can see the entry/exit points I personally followed and traded. Unfortunately not all my calls are on that site because being an active troller on BTCe, I often made my calls there. So if you visit https://dirkk.imgur.com/ go to BTC album and see the last say 6 installments. To those that say TA doesn't work on BTC and crypto with liquidity, isn't doing their homework. Regards and Happy Trading, Dirk k. RIIIIIGHT. So TA is just a way of producing pretty pictures and all you guys are just artists, right? It has NOTHING whatsoever to do with any attempt to forecast or predict the price. Come on, your #3 implies forecasts and/or price prediction, as general trends if not exact numbers. I think you are being a little hard in your words. I agree that a lot of TA posts look like crap and they are. Like watching amateurs playing sport. It's still call NFL or Cricket or whatever but it's low grade. For people that don't understand TA it is easy to be fooled by crap. In relation to "forecasts and/or price prediction" - well we can all guess can't we? That's a prediction or forecast. I'll state it again TA is designed to REDUCE the risk. If one decides to go with the probability then so be it. And I wont accept anymore bagging of TA :=)) . BTW visit the site I suggested in my last post if you have the time. That is good TA! cheers Dirk K. |
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Hi, I suppose if one begins with the presumption that TA predicts the future then it is understandable that there are detractors. If you have ever studied TA the first thing you learn is that TA DOES NOT forecast or predict the future. Not one TA/charting specialist would ever say it does! What you might hear is that: 1. TA first and foremost gives a visual of price action over time and the repetative patterns within. 2. It is a way to marry price, time and volume in derived equations that plot as indicators 3. TA REDUCES the risk to enter a trade or INCREASES profit by knowing when to get out. I have shown on my imgur site (three installments back) exact entry/exit prices for BITCOIN BTCe. On the charts you can see the entry/exit points I personally followed and traded. Unfortunately not all my calls are on that site because being an active troller on BTCe, I often made my calls there. So if you visit https://dirkk.imgur.com/ go to BTC album and see the last say 6 installments. To those that say TA doesn't work on BTC and crypto with liquidity, isn't doing their homework. Regards and Happy Trading, Dirk k. |
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Dear segeln, >So i will add your TA to the other TA I feel privileged. Thank you very much. The only link people need is https://dirkk.imgur.com/Updates occur at least once every 5-7 days and more often if the market is moving. I'm not sure the humor in the analysis - particularly LTC will be understood by a non-english speaking culture too well. :-) Best wishes and cheers Dirk k. |
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Hi segeln (and other fine folk),
Self learner in TA around the dot com period.
Liked it so much that I studied it formally. Gave up my day job about 5 years ago. Have been trading currencies and such but currencies have become difficult to trade. With central banks in major economies setting overnight rates at zero percent, currencies are just floating ships without direction. After all - currencies are an interest-rate-game.
So I added crypto to my portfolio. Head above water and doing okay.
I will keep posting crypto analysis at my imgur site as long as crypto stays interesting.
Thanks for looking at the site and your PM - much appreciated.
And thanks to all the people that send me emails and PM's asking about more detail in analysis. I answer them all and it keeps my interest up.
Happy Trading!
Dirkk
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Latest Tech analysis for BTC (sorry no LTC or NMC today). Because of their frequency they capture recent price action. You can view them at https://dirkk.imgur.com/NEW! Part 1 of Designing Trading Systems is now available. Either go to https://dirkk.imgur.com/ or direct http://snk.to/f-ct9yxql9Also today there is an analysis on SILVER XAGUSD in the section 'Charts Today' I am an occasional crypto trader so I have skin-in-the-game. I may favour one over the other in commentary but the bias is purely technical and not personal. Enjoy and Happy Trading! dirkk https://dirkk.imgur.com/ |
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Latest Tech analysis for BTC and LTC. Because of their frequency they capture recent price action. You can view them at https://dirkk.imgur.com/I will also be posting Part 1 of Designing Trading Systems in the next week or so. I am an occasional crypto trader so I have skin-in-the-game. I may favour one over the other in commentary but the bias is purely technical and not personal. Enjoy and Happy Trading! dirkk https://dirkk.imgur.com/ |
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Latest Tech analysis for BTC and LTC. Because of their frequency they capture recent price action. You can view them at https://dirkk.imgur.com/I am an occasional crypto trader so I have skin-in-the-game. I may favour one over the other in commentary but the bias is purely technical and not personal. Enjoy and Happy Trading! dirkk https://dirkk.imgur.com/ |
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Hi harposox,
>thanks for the TA.
you're welcome, thanks for the feedback.
In relation to the massive spike there are various theories. Some include a clever bot script that takes advantage of other bots which respond to volume increase in an exchange, basically roping them in and making cents on a no-fee trade. Other theoies abound. My theory is that the exchange may want to increase their volume standing on LTC for perhaps an alliance deal or something of that nature. What is known is that the exchange let it happen. They have a plethora of data and the increase in volume early on would have sounded alarms. They didn't seem to react. I really just don't know. All conjecture.
In relation to BTC-e - well they are the biggest LTC exhange by volume. The BUY LIMIT order in my opinion is ligit. I would have staggered my orders but each to his own. Manipulation. Nuh. Besides holding up the price is a VERY dangerous game as one trader who exchanged 2000+ BTC for FTC would know.
cheers
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Oh! is Satoshi a person? So if that is a negative then the prize will be divided to the 'team' of creators
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Hi Acidyo, you're welcome. Thanks for the reply and the feedback. Enjoy!
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Latest Tech analysis for BTC and LTC. Because of their frequency they capture recent price action. You can view them at https://dirkk.imgur.com/I am an occasional crypto trader so I have skin-in-the-game. I may favour one over the other in commentary but the bias is purely technical and not personal. Enjoy and Happy Trading! dirkk https://dirkk.imgur.com/ |
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I've started a new activity of posting charts, analysis and commentary almost on a daily basis. Because of their frequency they capture recent price action. You can view them at https://dirkk.imgur.com/I am an occasional crypto trader so I have skin-in-the-game. I may favour one over the other in commentary but the bias is purely technical and not personal. Enjoy and Happy Trading! dirkk https://dirkk.imgur.com/ |
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Hi,
BitcoinWisdom crypto browser-charting application is par excellence. It complements my BTCe Metatrader 4 trading nicely. There are ENOUGH indicators available except for one.
Suggestion: I would really like to see just ONE more indicator: OBV (on balance volume) if possible. IMHO it is by far one of the best indicators to use in conjunction with stochastics.
Otherwise just wanted to say thanks and expect a payment token in the near future.
Best wishes.
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