Crypto TA

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Qiao Wang - November 7, 2018

“TA is for people who don't understand statistical significance or their own cognitive biases, and want to spend their life drawing lines on charts, guessing what TradingView indicators the other suckers are using, and very likely getting financially rekt in the process (but telling themselves otherwise). It represents the worst aspects of crypto and of humanity generally.”

-Dan McArdle, Messari co-founder

I literally laughed out loud when Dan sent me this. While I don’t fully agree with him, there are a few important truths in his sentiment towards technical analysis in crypto.

As a former quantitative trader, I know for a fact that TA can be profitable. But TA people who make money in the real world do not remotely resemble TA people on crypto Twitter/Telegram/Reddit.

The former understand three things that the latter don’t: