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RE: Vertcoin crosses weekly SMA

in #vertcoin7 years ago

well yeah, nothing is guaranteed when focusing on technicals alone - That's why I've also touched on the fundamentals of this coin (I've gone over it a lot in my prior posts but just touched on it again as a refresher).

Having said that - you can't ignore technical analysis altogether - as often the patterns are unmistakable, and mathematics is used a lot to make various predictions - not just with the performance of assets but with the wider society as well.

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Oh well that's good. What percent of the time does technical analysis accurately predict these patterns?

How long is a piece of string?

The question you ask is often discussed, and studied, but nobody can ever really give you a definitive answer.

https://www.investopedia.com/articles/active-trading/062215/debunking-8-myths-about-technical-analysis.asp

https://www.sciencedirect.com/science/article/pii/0261560692900483

Like I said - I'm not a technical analysis fanatic - I rarely base my investment decisions on that alone - I was invested in vertcoin before I saw any of the above stuff - Most of the technicals with Vertcoin I would have seen some time ago from other analysts and been watching ever since...