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Author Topic: BTC/USD: Ready for "The Running of the Bears"?  (Read 19447 times)
smoothie
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March 26, 2013, 02:43:49 AM
 #121

blah blah blah...

--ATC--

No you forget that TA doesn't necessarily work with bitcoin. Yes the general market movements (up and down, overprice and underpriced obviously apply)....but your double top double this double that means nothing in a freely traded market.

Most of the charts that you have likely used your TA on are markets that are MANIPULATED or REGULATED.

So no TA doesn't necessarily apply like it does to stocks, bonds, gold, or silver. All of those markets are not FREE MARKETS. There is someone who dictates the price in the general scheme of things by means of a law or a bailout or a bullshit trade, or insider trading etc.

Like I said...keep predicting...you'll end up as PROUDHON VERSION 0.5.  Grin Grin Grin

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March 26, 2013, 02:49:38 AM
 #122

The trouble with technical analysis is that it can only partially work, as a hint to try to understand market sentiment.

If it consistently worked reliably, the markets wouldn't move at all, as everybody would know the tops and the bottoms. It's the same as the uncertainty principle, schrodinger's cat, et al... if it worked, it would have the result of not working.

As such, TA can only give some traders a slight edge -- not much more. And this is in a highly liquid stock market. So, dial down the TA love will you?

The key here is two-fold: (a) you have to get your fundamental analysis right BEFORE you try TA; and (b) you have to recognise what state the market is in.

For (a), I chimed in my thoughts earlier in the thread. I think you really missed the boat on doing a proper analysis of the fundamentals. This makes the TA worthless.

For (b), BTC is a currency, and as such will have a well-defined non-zero floor unless it fails. This floor could be well above where we are now. Yes, the market will be subject to waves of investor confidence, just like any other market. But you have to identify whether this market is still in the bootstrapping phase, or if it is in a steady state. I think you missed the boat here too. You used increasing money flow as indicators to bet against the price. Doesn't make sense for a currency. Do normal people "over-extend" themselves in fiat? Doesn't make a lot of sense. Even if you speculate in, say, Yen -- you're not going to end up with a worthless pile at the end, like you would do with stocks.

Yes, adoption is broadening but I don't construe that as "getting scary" -- the newcomers look to me like Redditors and other reasonably tech-savvy people. There is still a huge sector of the population who we have yet to bring on board. The broader base and the speculation itself really helps drive adoption of BTC as a currency; I see it as a positive feedback loop.

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March 26, 2013, 03:05:38 AM
 #123

The trouble with technical analysis is that it can only partially work, as a hint to try to understand market sentiment.

If it consistently worked reliably, the markets wouldn't move at all, as everybody would know the tops and the bottoms. It's the same as the uncertainty principle, schrodinger's cat, et al... if it worked, it would have the result of not working.

As such, TA can only give some traders a slight edge -- not much more. And this is in a highly liquid stock market. So, dial down the TA love will you?

The key here is two-fold: (a) you have to get your fundamental analysis right BEFORE you try TA; and (b) you have to recognise what state the market is in.

For (a), I chimed in my thoughts earlier in the thread. I think you really missed the boat on doing a proper analysis of the fundamentals. This makes the TA worthless.

For (b), BTC is a currency, and as such will have a well-defined non-zero floor unless it fails. This floor could be well above where we are now. Yes, the market will be subject to waves of investor confidence, just like any other market. But you have to identify whether this market is still in the bootstrapping phase, or if it is in a steady state. I think you missed the boat here too. You used increasing money flow as indicators to bet against the price. Doesn't make sense for a currency. Do normal people "over-extend" themselves in fiat? Doesn't make a lot of sense. Even if you speculate in, say, Yen -- you're not going to end up with a worthless pile at the end, like you would do with stocks.

Yes, adoption is broadening but I don't construe that as "getting scary" -- the newcomers look to me like Redditors and other reasonably tech-savvy people. There is still a huge sector of the population who we have yet to bring on board. The broader base and the speculation itself really helps drive adoption of BTC as a currency; I see it as a positive feedback loop.

Nice.

As a sage trader taught me, the fundamentals tell you what to trade.  The technicals tell you when to trade. But a truly sage trader doesn't stop at the technicals or fundimentals. They are able to read the psychology of the market that shows itself in the charts.
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March 26, 2013, 10:19:41 AM
 #124

Hold onto them britches, boys... It's gonna be a wild ride!  Cheesy

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March 26, 2013, 10:26:03 AM
 #125

Hold onto them britches, boys... It's gonna be a wild ride!  Cheesy

Good. Now you're doing Bitcointalk Speculation Forum Analysis.
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March 26, 2013, 10:44:03 AM
 #126



^ I believe we've gotten too carried away folks... I just hope we haven't shot ourselves in the foot and killed Bitcoin...  Undecided

This one prays for a bright future...

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March 26, 2013, 10:48:54 AM
 #127

Oh well. Bears are growling, bulls are mooing. As long as we are not oinking we are all going to be fine.


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March 26, 2013, 11:23:52 AM
 #128

Does it work for weather forecast too ?

Because I know people who spend millions of dollars launching satellites, mesuring temperatures all over the world and using giant computers just to tell me if it's gonna rain tomorrow !

If only they knew they just have to look at the chart...

That did not mean any non-financial set of data. But some. I probably should've added the word "some", but figured people were smart enough to realize I wasn't talking about, erm... the weather!  Tongue

Give it a try though... who knows!  Grin

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March 26, 2013, 12:22:34 PM
 #129

That did not mean any non-financial set of data. But some. I probably should've added the word "some", but figured people were smart enough to realize I wasn't talking about, erm... the weather!  Tongue

You may be too young to remember, but not a long time ago meteorologists used to have a frog and they were making their predictions by following - and interpreting - the movement of the frog. They succeeded most of the time because, well, the weather doesn't change so much from one day to the next.

TA does the same kind of predictions. If you just follow the trend you're right most of the time, and when the trends changes you still have 50% of chances to be right also.

Back to bitcoin : the trend today is driven by newcomers trying to get onto the train. It's a fact. It's "fondamental analysis" if you prefer. It will stop one day, but noone can say when nor at what price. Some can make bets, and some will win their bets, but it will only be that they will be more lucky than others.



Don't bother. TA is a religion to these people, and all the evidence in the world won't convince them. I guess all the people who failed to predict catastrophes using TA were just using the wrong kind, or using it in the wrong way, or were just not smart enough...  Cheesy

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March 26, 2013, 12:46:51 PM
 #130

Ev'ry so offen one a them technercull anulists come round these parts, but 'for long get run outta town by a bull stampede.

Remember the Arepo.
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March 26, 2013, 12:49:53 PM
 #131

As a matter of interest, what would need to happen before you accept that this particular call was wrong? In the OP, the price mentioned was $71.50 and there is no point selling and buying back for a couple of measly percent.

So how about if the price stays above $60 until the end of next week, say the 5th April? Would you admit that the call was wrong at that point?

"Remember too on every occasion which leads you to vexation to apply this principle: not that this is a misfortune, but that to bear it nobly is good fortune." - Marcus Aurelius
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March 26, 2013, 12:54:14 PM
 #132

As a matter of interest, what would need to happen before you accept that this particular call was wrong? In the OP, the price mentioned was $71.50 and there is no point selling and buying back for a couple of measly percent.

So how about if the price stays above $60 until the end of next week, say the 5th April? Would you admit that the call was wrong at that point?

That's why it's a religion. If it were a science, it would be falsifiable...

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March 26, 2013, 01:06:46 PM
 #133

As a matter of interest, what would need to happen before you accept that this particular call was wrong? In the OP, the price mentioned was $71.50 and there is no point selling and buying back for a couple of measly percent.

So how about if the price stays above $60 until the end of next week, say the 5th April? Would you admit that the call was wrong at that point?

well so far we have seen what we called a quadruple top... Smiley

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March 26, 2013, 01:29:20 PM
 #134

I'm sorry, my friend, but it's you who does not understand... and don't feel bad, because you're not alone in having no clue what technical analysis is, how/why it's used and how it works. So I will, again, try to be helpful and explain this in a very simple, easy-to-get fashion not only for your benefit but for the benefit of the community...

Technical analysis does not concern itself with the underlying asset, but instead focuses on the behavior of the human beings buying and selling that asset (and nowadays the bots as well -- which are coded to use TA of all things). It can be anything; a stock, commodities, currency, tulips, real estate, interest rates, money (e.g., gold or silver) and even non-financial sets of data. In fact, I know a doctor who analyzes candlestick charts of his patient's blood-sugar levels and is able to accurately forecast how each patient will respond to different types of food and medication (one of the coolest forms of TA I've ever seen). Interestingly enough, he is also a successful investor. Bitcoin has all of the necessary elements required to use traditional (financial) technical analysis: 1) price 2) it is bought and sold 3) past market data and information.

Technical analysis is sort of a study of "mass psychology"; the psychology of "the crowd". Human beings can behave in very predictable patterns, and often repeat the same behaviors over and over. We are still the same creatures we were 50 years ago, 100 years ago and beyond. And it is unlikely we will change anytime soon. And it is also unlikely that our key "money emotions" (e.g., greed and fear) will be changing anytime soon. Our innate greed pushes us to buy something we believe will bring us pleasure or increase our wealth, and our fear of losing money drives us to sell things before the value decreases causing a material or financial loss.

Where does Bitcoin derive its value? From scarcity? No... there are plenty of things that are unique and scarce which aren't worth anything. I can pick a booger out of my nose that is unlike any other booger ever picked, but I doubt people will be lining up to buy it for thousands of dollars (or even a penny). So if it's not scarcity, what is it? Bitcoin, like all other things, derives its value from our belief in its value. In fact, the concepts of "money" and "value" are abstract concepts our species has invented for the benefit (or as some would argue, to the detriment) of our own society. If you throw a handful of $100 bills into the air in a nightclub people will push, shove and fight to get them... toss a handful of $100 bills into a cage full of cats and they will not be aroused (in fact they might end up urinating on the cash lol). While I share a similar philosophy to jubalix about the evils of central banks, fractional reserve banking and the merits of bitcoin, this absolutely does not exempt bitcoin from the basic social and economic forces that push and pull all things financial; those very things technical analysts care about.

You can look at any bitcoin price chart priced in any currency on any time-frame and you will see a plethora of well-known technical patterns which behaved exactly the same way they have in the past with other financial assets. A BTC/USD chart, for example, is full of patterns like double/triple tops, double/triple bottoms, tombstones, cup & handles, head & shoulders (and inverted h&s), you name it. We can also see the exact same indicators we use on stocks, futures and other assets behaving the same way with Bitcoin as they do with other assets. In fact, the bots trading on MtGox and BTC-E (some of which are making loads of money) are using TA to trigger trades and manage risk.

Technical analysis can work with anything, my friends. Sometimes (in fact, quite often) the analyst is wrong. He/she misses something important, draws the wrong conclusion from the data or makes a bad call... sometimes a major market-moving event occurs that totally changes everything and overrides the factors that were previously in play... But TA is not purely about "right vs wrong". It's about looking for hints, ideas and opportunity... it's about making forecasts and educated guesses rather than making "predictions"... black and white logic does not work here. The great thing about using technical analysis with a good risk management strategy is that you can be wrong more often that you're right and still be highly profitable. TA is a tool, not a religion. And you're a hell of a lot better off with a good toolset than you are blindly stumbling about in the dark and making trading decisions based on philosophical rhetoric or political ideology.

That will be all, for now...  Smiley

Regards,

--ATC--

Just to back this guy up, an ex girlfriend of mine that I met at MIT makes hundreds of thousands each year running an algorithmic trading system on her brokerage account that she developed. It's entirely based on TA concepts. Most of the best quant firms (Citadel anyone?) build systems based on TA. New research from academia has confirmed that a simple momentum indicator can be used to outperform the indices consistently. The twitter studies are revolutionary in showing how the public's mood precedes changes in market trends.

So to all the naysayers: stay stubborn and hostile, claim that only fundamentals matter and that crowd psychology does not, but the behavioral finance revolution is happening with or without your understanding.
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March 26, 2013, 01:40:08 PM
 #135

I've traded forex with Bollinger Bands and Momentum indicators in automated trading software developed in MQL4 for Metatrader 4.

Every setup (algorithm) has its risks. Nothing is bullet proof in the long run. Trust me I've done billions of simulations on different pairs of currencies with different settings.

The result: The more profit you take, the more risk you have of a margin call.

Back on topic: No one is saying TA is worthless, just that in Bitcoin it perhaps is completely irrelevant because it is a free market. Most stocks, and currency pairs traded today are MANIPULATED or REGULATED by some person, institution, bank, gov't, etc. Even gold and silver markets are rigged. My point is that TA works better in the markets where there is "stability" or "manipulation".


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March 26, 2013, 02:08:42 PM
 #136

The trouble with technical analysis is that it can only partially work, as a hint to try to understand market sentiment.

If it consistently worked reliably, the markets wouldn't move at all, as everybody would know the tops and the bottoms. It's the same as the uncertainty principle, schrodinger's cat, et al... if it worked, it would have the result of not working.

As such, TA can only give some traders a slight edge -- not much more. And this is in a highly liquid stock market. So, dial down the TA love will you?

The key here is two-fold: (a) you have to get your fundamental analysis right BEFORE you try TA; and (b) you have to recognise what state the market is in.

For (a), I chimed in my thoughts earlier in the thread. I think you really missed the boat on doing a proper analysis of the fundamentals. This makes the TA worthless.

For (b), BTC is a currency, and as such will have a well-defined non-zero floor unless it fails. This floor could be well above where we are now. Yes, the market will be subject to waves of investor confidence, just like any other market. But you have to identify whether this market is still in the bootstrapping phase, or if it is in a steady state. I think you missed the boat here too. You used increasing money flow as indicators to bet against the price. Doesn't make sense for a currency. Do normal people "over-extend" themselves in fiat? Doesn't make a lot of sense. Even if you speculate in, say, Yen -- you're not going to end up with a worthless pile at the end, like you would do with stocks.

Yes, adoption is broadening but I don't construe that as "getting scary" -- the newcomers look to me like Redditors and other reasonably tech-savvy people. There is still a huge sector of the population who we have yet to bring on board. The broader base and the speculation itself really helps drive adoption of BTC as a currency; I see it as a positive feedback loop.

I agree with some of what you're saying (fundamentals are key, use TA to enter trade after you nail down the fundamentals, etc). But also remember that there is an entire multi-billion$ industry of systematic trading programs that are strictly technical and do not use fundamentals at all. Actually, it's a trillion+ dollar industry. But yes, that couldn't apply to the nascent BTC at this stage.

a) Fundamental analysis with BTC is murky. Unlike a stock or currency, where one has quarterly reports to assess product adoption (which are fairly predictable) or Fed meetings to assess monetary policy, one can only make shots in the dark at exactly how BTC will be adopted by the average person and how these new users (or potential of new users) affects BTC price. There will always be a disconnect....it's difficult to determine how Google hits, new MT Gox accounts, new BTC users, Cyprus, etc, affects the price of BTC (because of its nature) other than to make an educated guess that BTC will likely go up, probably not go down over the next couple of weeks. But one also has to factor what will happen if BTC is over-extended because speculation has pushed us too high, too fast, especially vis-à-vis actual adoption....

BTC at 40 - 75 was very obvious. BTC at 75-100, less obvious yet quite possible approaching the end of this month. So, in the sense that BTC has difficult fundamentals, the only constant is TA. ATC777 was simply offering a potential scenario......it didn't happen this time for fundamental reasons but at some point it will probably play out exactly as he described.

b) BTC is becoming a currency and USD/BTC is a currency pair. Normal people over-extend themselves if they trade currencies via FOREX, which is Mt Gox w/optional leverage). Yes, currency pairs get over-extended all the time: http://www.nasdaq.com/article/forex-flash-eurusd-somewhat-overextended-now-tds-cm229644 .

I agree, this is probably not 'getting scary' but one never knows when it is getting scary until after the fact so one plays out different scenarios. The statements below are frightening.

"Its a currecny, its not a investment vehicle per se"

"Rather btc is a reorganisation of society."

"A side effect is you wealth may be accrued who ascribe to this new paradgm sooner"

Arrogance can be frightening as well. Everyone is acting like the success of BTC is a foregone conclusion and it's not.....there is more risk and potential reward in BTC than just about anything else. I've never met a successful trader or money manager who is arrogant, and I know managers that dwarf the market cap of BTC (not saying much in fund world) several times over. I am no expert, but I know enough not to be so arrogant. The most dangerous time for BTC is now -- when Joe Consumer is just now hearing about Bitcoin. The tech savvy partipants were the easy sell. If Joe Consumer isn't sold, BTC will have major issues.......


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March 26, 2013, 02:27:29 PM
 #137

I'm sorry, my friend, but it's you who does not understand... and don't feel bad, because you're not alone in having no clue what technical analysis is, how/why it's used and how it works. So I will, again, try to be helpful and explain this in a very simple, easy-to-get fashion not only for your benefit but for the benefit of the community...

Technical analysis does not concern itself with the underlying asset, but instead focuses on the behavior of the human beings buying and selling that asset (and nowadays the bots as well -- which are coded to use TA of all things). It can be anything; a stock, commodities, currency, tulips, real estate, interest rates, money (e.g., gold or silver) and even non-financial sets of data. In fact, I know a doctor who analyzes candlestick charts of his patient's blood-sugar levels and is able to accurately forecast how each patient will respond to different types of food and medication (one of the coolest forms of TA I've ever seen). Interestingly enough, he is also a successful investor. Bitcoin has all of the necessary elements required to use traditional (financial) technical analysis: 1) price 2) it is bought and sold 3) past market data and information.

Technical analysis is sort of a study of "mass psychology"; the psychology of "the crowd". Human beings can behave in very predictable patterns, and often repeat the same behaviors over and over. We are still the same creatures we were 50 years ago, 100 years ago and beyond. And it is unlikely we will change anytime soon. And it is also unlikely that our key "money emotions" (e.g., greed and fear) will be changing anytime soon. Our innate greed pushes us to buy something we believe will bring us pleasure or increase our wealth, and our fear of losing money drives us to sell things before the value decreases causing a material or financial loss.

Where does Bitcoin derive its value? From scarcity? No... there are plenty of things that are unique and scarce which aren't worth anything. I can pick a booger out of my nose that is unlike any other booger ever picked, but I doubt people will be lining up to buy it for thousands of dollars (or even a penny). So if it's not scarcity, what is it? Bitcoin, like all other things, derives its value from our belief in its value. In fact, the concepts of "money" and "value" are abstract concepts our species has invented for the benefit (or as some would argue, to the detriment) of our own society. If you throw a handful of $100 bills into the air in a nightclub people will push, shove and fight to get them... toss a handful of $100 bills into a cage full of cats and they will not be aroused (in fact they might end up urinating on the cash lol). While I share a similar philosophy to jubalix about the evils of central banks, fractional reserve banking and the merits of bitcoin, this absolutely does not exempt bitcoin from the basic social and economic forces that push and pull all things financial; those very things technical analysts care about.

You can look at any bitcoin price chart priced in any currency on any time-frame and you will see a plethora of well-known technical patterns which behaved exactly the same way they have in the past with other financial assets. A BTC/USD chart, for example, is full of patterns like double/triple tops, double/triple bottoms, tombstones, cup & handles, head & shoulders (and inverted h&s), you name it. We can also see the exact same indicators we use on stocks, futures and other assets behaving the same way with Bitcoin as they do with other assets. In fact, the bots trading on MtGox and BTC-E (some of which are making loads of money) are using TA to trigger trades and manage risk.

Technical analysis can work with anything, my friends. Sometimes (in fact, quite often) the analyst is wrong. He/she misses something important, draws the wrong conclusion from the data or makes a bad call... sometimes a major market-moving event occurs that totally changes everything and overrides the factors that were previously in play... But TA is not purely about "right vs wrong". It's about looking for hints, ideas and opportunity... it's about making forecasts and educated guesses rather than making "predictions"... black and white logic does not work here. The great thing about using technical analysis with a good risk management strategy is that you can be wrong more often that you're right and still be highly profitable. TA is a tool, not a religion. And you're a hell of a lot better off with a good toolset than you are blindly stumbling about in the dark and making trading decisions based on philosophical rhetoric or political ideology.

That will be all, for now...  Smiley

Regards,

--ATC--

Just to back this guy up, an ex girlfriend of mine that I met at MIT makes hundreds of thousands each year running an algorithmic trading system on her brokerage account that she developed. It's entirely based on TA concepts. Most of the best quant firms (Citadel anyone?) build systems based on TA. New research from academia has confirmed that a simple momentum indicator can be used to outperform the indices consistently. The twitter studies are revolutionary in showing how the public's mood precedes changes in market trends.

So to all the naysayers: stay stubborn and hostile, claim that only fundamentals matter and that crowd psychology does not, but the behavioral finance revolution is happening with or without your understanding.

+1
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March 26, 2013, 05:39:00 PM
 #138

TA do not fit with BTC.. BTC are so different of other stock, .. 80% of TA I saw posted here have been proven wrong !
BTC to the moon, fasten your seatbelt !
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March 26, 2013, 05:56:47 PM
 #139

I'm sorry, my friend, but it's you who does not understand... and don't feel bad, because you're not alone in having no clue what technical analysis is, how/why it's used and how it works. So I will, again, try to be helpful and explain this in a very simple, easy-to-get fashion not only for your benefit but for the benefit of the community...

Technical analysis does not concern itself with the underlying asset, but instead focuses on the behavior of the human beings buying and selling that asset (and nowadays the bots as well -- which are coded to use TA of all things). It can be anything; a stock, commodities, currency, tulips, real estate, interest rates, money (e.g., gold or silver) and even non-financial sets of data. In fact, I know a doctor who analyzes candlestick charts of his patient's blood-sugar levels and is able to accurately forecast how each patient will respond to different types of food and medication (one of the coolest forms of TA I've ever seen). Interestingly enough, he is also a successful investor. Bitcoin has all of the necessary elements required to use traditional (financial) technical analysis: 1) price 2) it is bought and sold 3) past market data and information.

Technical analysis is sort of a study of "mass psychology"; the psychology of "the crowd". Human beings can behave in very predictable patterns, and often repeat the same behaviors over and over. We are still the same creatures we were 50 years ago, 100 years ago and beyond. And it is unlikely we will change anytime soon. And it is also unlikely that our key "money emotions" (e.g., greed and fear) will be changing anytime soon. Our innate greed pushes us to buy something we believe will bring us pleasure or increase our wealth, and our fear of losing money drives us to sell things before the value decreases causing a material or financial loss.

Where does Bitcoin derive its value? From scarcity? No... there are plenty of things that are unique and scarce which aren't worth anything. I can pick a booger out of my nose that is unlike any other booger ever picked, but I doubt people will be lining up to buy it for thousands of dollars (or even a penny). So if it's not scarcity, what is it? Bitcoin, like all other things, derives its value from our belief in its value. In fact, the concepts of "money" and "value" are abstract concepts our species has invented for the benefit (or as some would argue, to the detriment) of our own society. If you throw a handful of $100 bills into the air in a nightclub people will push, shove and fight to get them... toss a handful of $100 bills into a cage full of cats and they will not be aroused (in fact they might end up urinating on the cash lol). While I share a similar philosophy to jubalix about the evils of central banks, fractional reserve banking and the merits of bitcoin, this absolutely does not exempt bitcoin from the basic social and economic forces that push and pull all things financial; those very things technical analysts care about.

You can look at any bitcoin price chart priced in any currency on any time-frame and you will see a plethora of well-known technical patterns which behaved exactly the same way they have in the past with other financial assets. A BTC/USD chart, for example, is full of patterns like double/triple tops, double/triple bottoms, tombstones, cup & handles, head & shoulders (and inverted h&s), you name it. We can also see the exact same indicators we use on stocks, futures and other assets behaving the same way with Bitcoin as they do with other assets. In fact, the bots trading on MtGox and BTC-E (some of which are making loads of money) are using TA to trigger trades and manage risk.

Technical analysis can work with anything, my friends. Sometimes (in fact, quite often) the analyst is wrong. He/she misses something important, draws the wrong conclusion from the data or makes a bad call... sometimes a major market-moving event occurs that totally changes everything and overrides the factors that were previously in play... But TA is not purely about "right vs wrong". It's about looking for hints, ideas and opportunity... it's about making forecasts and educated guesses rather than making "predictions"... black and white logic does not work here. The great thing about using technical analysis with a good risk management strategy is that you can be wrong more often that you're right and still be highly profitable. TA is a tool, not a religion. And you're a hell of a lot better off with a good toolset than you are blindly stumbling about in the dark and making trading decisions based on philosophical rhetoric or political ideology.

That will be all, for now...  Smiley

Regards,

--ATC--

Just to back this guy up, an ex girlfriend of mine that I met at MIT makes hundreds of thousands each year running an algorithmic trading system on her brokerage account that she developed. It's entirely based on TA concepts. Most of the best quant firms (Citadel anyone?) build systems based on TA. New research from academia has confirmed that a simple momentum indicator can be used to outperform the indices consistently. The twitter studies are revolutionary in showing how the public's mood precedes changes in market trends.

So to all the naysayers: stay stubborn and hostile, claim that only fundamentals matter and that crowd psychology does not, but the behavioral finance revolution is happening with or without your understanding.

+1

-21,000,001  Cheesy

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March 26, 2013, 07:28:04 PM
 #140

-21,000,001  Cheesy

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