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RE: Steem: Uptrend in big danger

in #steem • 6 years ago

Hi !

You should always see the context of TA.
What TA says is in the end a probabilty no guaranty.
Much pattern f.e. the closing triangle (falling downtrendline meet increasing uptrendline) have no definitely way after, means in this closing triangle you never exactly what will happens when the triangle closes, courses can increase, can fall or also can move sidewards.

But in generell I think that TA is very usefull and you can back, because in every post I have link to last post, and check what I wrote before.

6 years ago in #steem by
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     6 years ago 

    Dear @udow

    I had a chance to read your comment just now (somehow I didn't notice it before) and I would like to thank you for your reply and taking the time to keep in touch with me.

    You should always see the context of TA.
    But in generell I think that TA is very usefull and you can back,

    I agree, that TA can be usefull and surely understanding some indicators can help a lot.

    At the same timem, y impression quite often is that volumes and prices are manipulated sometimes to such a degree, that TA is becoming a trap for many naive investors.

    At the end of the day traders compete with advanced bots (most of the time) and we're at the losing end (most of us).

    Cheers
    Piotr