/biz/ - Business & Finance

>>29279305
He basically applies the same method to everything. Right now he's actually move on to crypto.
I can't remember most of what he's told me, but basically watches an ETF or coin (this doesn't work so well with stocks) go in a downward channel a few times a day. These long-term downward channels are drawn on the 4-hour dojis, I believe, because you don't want to pay too much attention to short-term fluctuations.
Normally, on the way down, the line will bounce between the upper and lower parallel. But sometimes it will fail to hit the bottom. If memory serves, if it crosses the 50-day trailing average on the 15-minute chart (the 15-miunte part is important b/c this will happen in the span of a day, usually) this is the buy signal. If you don't see that, then the 'insurance buy' is just when it breaks the upper line in the channel.
I don't employ this method myself, but I have been with him when he used it to buy BTC at around 30,000 and I bought some myself. Kinda wish Fidelity would let you buy crypto or I'd be halfway out of six figure hell...

>>26973863
Which could be bullish, in a way, because now the normie buyers have a big flag pointing to other potential buys. If they already bought into GME and maxed out their possible shares, they can just look at the Robinhood alert and buy another stock on the list, like maybe AMC? The artificial scarcity might actually work to our advantage next week, but today could be rough...
Iono. I am not an expert. Just an idea.

>>26542399
I was gonna buy BBBY but changed my mind at the last minute and bought the BILI dip. Railgun is just such a great anime, y'know? BBBY is a boomer company. No anime connection.

>>26474634
>It's going up.
Thanks. Selling off ETF shares next week to buy BILI!