six
@six
Technical analysis is nonsense for stocks because they are valued for the most part on fundamentals by sophisticated participants and institutions. It actually does hold some merit for memecoins because they are fully psychological/social assets, for the most part its only retail trading them, and thus the charts can actually tell a meaningful story
8 replies
3 recasts
53 reactions
agusti
@bleu.eth
Any good resources to learn some astrology?
4 replies
0 recast
9 reactions
tldr (tim reilly)
@tldr
Interesting point. I’ve always thought that even if it is true, algos should be able to trade it a lot better than human eye?
1 reply
0 recast
7 reactions
Sid
@sidshekhar
The theory behind it is that all information (whether projected earnings or memetic value) is expressed via price. The timeframe of execution on it is another thing altogether ofc
1 reply
0 recast
3 reactions
Zinger ↑
@zinger
Agreed, all about mementum, all charts tell a story
0 reply
0 recast
2 reactions
Garrett
@garrett
good point behavioral economics is more relevant than ever
0 reply
0 recast
1 reaction
m00npapi ???? bro
@anonpapi.eth
technical analysis puts you in the same place as fundamentals the fundamentalists/“sophisticated”are the same people who didn’t buy nvda because it was trading at 70x multiple in 2018 most money managers are schmucks besides like jim simmons types all things in this universe abide certain laws and geometry is one of them; stocks etc are not above this
0 reply
0 recast
1 reaction
tomu
@tomu
even if they don't draw lines, they learned about mcap and support when their friends buy more
0 reply
0 recast
0 reaction
Tayyab - d/acc
@tayyab
Fuck you mean… draw lines -> profit.
0 reply
0 recast
0 reaction
