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RE: Stratis/BTC: Pattern Expected to Remain Intact

in #bitcoin7 years ago

Makes sense that we're gonna see a dip on Stratis and many other coins as well. Did an update on Bitcoin which explains future price pathway:

Bitcoin (BTC) Update - Analysis — Steemit https://steemit.com/bitcoin/@benkalashnikov/bitcoin-btc-update-analysis

Screen Shot 2018-01-30 at 17.39.53.png

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Moving averages are absolute bullshit, don't upvote yourself here and make people lose money, thank you.

@bubke I agree, these people are basically drawing a bunch of curves on graphs and claiming to be professional economists.

Would be interesting to hear why you think that, since you seem to have such a strong opinion about it?

I get more positive feedback than negative, so no, I'm not gonna hold back on providing value and starting discussions.

Just drop your moving averages, good start. I am not saying your intentions are bad, i am just saying MA's are worthless, i did 20 years research on TA, don't get lost in MA's, signal comes way too late as well... with love

Ok, I mostly focus on EW with chart patterns and I think that MA has been a good compliment to make predictions.

With your 20 years of experience, what are your biggest keys to success in TA?

Wish i had time to write on this, i made one post long time ago about the research i did but every study of an indicator comes with so many parameters you can play with, quite some explanation needed. Some signals had a +80% accuracy, head- and shoulders was one of them (the top formation, not the bottom one), triple point- and figure breakouts were doing very good (old stuff, compare with support lines that get tested a few times). That's it bro except for the fact that moving averages were the worst :-)

Obviously don't believe you have bad intensions, but i think you should redraw that, the chart is totally wrong!