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Humour me here: Wouldn't technical analysis be a good way to analyze something like ETH or BTC? A normal stock has the underlying company, earnings, performanc
by breitling 9y ago
Humour me here: Wouldn't technical analysis be a good way to analyze something like ETH or BTC?
A normal stock has the underlying company, earnings, performance, forecasts, etc. to sort through and figure out where it is headed, but ETH and BTC have no such thing. So what better way to analyze than TA?
- Synaesthesia 9y agoExcept weather has an element of predictability, at least over the short range, the realm of finance is highly unpredictable even in the short term. Who foresaw this crash?
- 45h34jh53k4j 9y agoprobably the PBOC, who will use it to 'buy the dip'
- xzel 9y agoI sold all my ETH at 297 right after it was starting (I make sure to check the markets before I sleep because China is often more market moving than the US/EU). I've been worried about the truth of the recent statements made in China about closures. This is obviously totally anecdotal and I made a really, really lucky call. Can't say I thought it would continue to go down this heavily. I consider any money I've put in these markets mostly play money anyways.