Hacker News new | ask | show | jobs
by the_gastropod 14 days ago
Technical analysis is just astrology for finance bros.
1 comments

I'm not a TA nerd, but there is a very clear pattern that has been established. Crypto moves in cycles. You don't need to draw a ton of triangles and lines all over a chart to see the cycle this has gone through over and over.
If it were a reliable predictor, it’d be trivial to become a billionaire by levering up, and riding the next “cycle” up, no? You doing it? I suspect not, because you know it’s not actually a reliable predictor of anything.
You can suspect all you want, I'm not here to argue with anyone's strong feelings about crypto either way. Just that there's an established pattern to how this particular market moves.