2 definitions by crypto beauceron
NACT is an acronym standing for 'New Age Crypto Trader'. It is often directed to new skill-less traders who seem to know it all and spend ludicrous amounts of time on twitter spewing bullshit and sharing the most amateurish technical analysis charts. They often try to pass as industry veterans to bullshit other people, but have no less than a few months to 1 year under their belts. Tradingview has suffered an infestation of this new breed of trader following the crypto rally of 2017.
Bullshit trader: XRP will rise from 26 cents to $589 tomorrow based on my technical analysis chart, have a look.
Pro Trader: has a look This chart is wrong on so many levels, this is NACT material.
Pro Trader: has a look This chart is wrong on so many levels, this is NACT material.
by crypto beauceron September 17, 2019
SUATAC is an acronym for 'Straight Up Arrow Technical Analysis Charts'. It is aimed to define the amateurish attempt at charting, most notably by New Age Crypto Traders (NACTs). The technique always involves a tradingview chart with a massive straight up arrow depicting a magical projection of the price to unrealistic levels to happen anytime in the next few hours to the next couple of days. It ALWAYS fails.
Inexperienced Trader: Damn look at that chart, it says xrp that is valued at 20 cents will be trading at $589 tomorrow!
Pro Trader: Disregard that, it's a SUATAC
Pro Trader: Disregard that, it's a SUATAC
by crypto beauceron September 17, 2019