grappa_barricata
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August 23, 2014, 09:03:59 PM
Last edit: August 23, 2014, 09:18:45 PM by grappa_barricata

Breaking 500$? What does Jesse Livermore have to say about this?

"But it is not wise to get out when the break
 is the result of a raid by an operator, because the moment he
 stops the price must rebound. Inverted tips."


Except we been sitting around 504 because of one guy dumping huge earlier and broke 500 support.  The btc market doesn't listen to logic, sadly.  A small minority think Jesse is right; the majority of traders just look at the TA.


Yeah, if TA worked i will be rich by now Smiley

I stopped using it when i realized that:
- future prices are unrelated to past prices
- indicators are only good a posteriori
- a single trade can break a 'trend'
- black swan events happens