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RE: Ripple Skyrockets | The Rippening Is Here

in #ripple7 years ago

Off topic question: As Im learning technical analysis I would like to confirm all the patterns and strategies I pick up on YT/blogs. Can you recommend a program or platform that lets you do that? Eg if I wanted to confirm that an RSI<30 is usually followed by a price increase, I could define this in python and the have all the instances listed where the price increase happened. I just wonder if there is a tool that doesn't require me to go that deep into programming but still lets me test half-way complex hypothesis.

Cheers

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Nothing is guaranteed, everything is a risk. Markets are ultimately based off of human behavior and this one just tends to be one that's based off of lots of irrational human behavior that NO technical analysis of charts will you what will happen. E.g. look at the RSI for ripple, bitcoin on the weekly and any kind of pumps and dumps that occur. They never follow traditional trading advice. Not to say that these are useless strategies but in certain times like this, there is no way to predict anything using indicators. Good luck and stay safe!