72 sats \ 1 reply \ @kr OP 1 Feb \ parent \ on: Are Technical Analysts Just Fortune Tellers? bitcoin
the fundamental stuff makes more sense to me… a business earns a flow of cash, and is worth some multiple of that depending on the time value of money.
if humans all react in predictable ways to price action, and traders are exploiting those patterns for their own profits, aren’t we back to square one where nobody really knows where prices will move next?