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RE: Bitcoin (BTC) Update: Primary Count Still Says Lower Low Likely

in #bitcoin7 years ago (edited)

You need to learn how to interpret TA better, there are never certainties only possibilities and probabilities, yesterday because of the price movement an impulse was probable; it didn't pan out so now there's less probability - and that count has been moved to a back burner until it's invalidated. Once you realize this process you'll stop making silly comments.

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Then what the hell is the value if it’s wrong more than 50% of the time

One can be wrong more than half the time and still make money.

Example: set stops at 20% up, and 10% down.

If you're wrong 60% of the time:

Wins: 40% x 20% profit = 800 (unit is "%%")
Losses: 60% x 10% loss = 600 (same unit)

Thus, being wrong 60% of the time can still be profitable.