Lately in the chatroom I have seen discussions about indicators, and regular old technical analysis. So I decided to address this topic a little tonight. I apologize if I trash talk your favorite indicator. If it works for you than that's great (and kinda amazing), but its not something that I will promote in my blog.
But that about Candle Stick Patterns? That can't really be considered as indicators right?
Did you know that candles look different on every exchange? So while BTC is showing a clear Doji candle that is very bullish on a bittrex chart, its completely different candles on a Bitstamp chart.. This is because different orders are going through on each exchange. And that's not the only thing that changes a chart, candles will look different depending on the time the candle started on your chart. Also 5 min candles print different than 10 min candles. So all the exchanges are printing different versions of charts with different candles on every coin.. Come on??? Which chart are you going to reference to accurately read your Candle Stick Patterns?
Please be careful guys when looking at all that old TA info.. It really muddies the water. It serves to confuse traders, rather than help.. This is what we will discuss in this video. Here is the Youtube link incase you have trouble with Dtube :
Luc
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For some issues Slack is responsible and does not deliver the invite email. But there are also people who were invited but did not check the spam folder or did not register the account. So if you did not get an invite, please submit a different email address. We found out that switching to a different email resolves most issues.
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► Watch on DTube
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