/biz/ - Business & Finance

yep, i shorted 51.5 on this wedge

>>29702874
NOOOOOOOOOOOOOOOOOOO

>>29702874
Yes, this wedge is going to wreck us to 21k

>meme lines
I can draw that same "wedge" on other parts of the graph where it subsequently went up not down.

>>29703331
no TA is a guarantee, and ascending wedges can also be bullish
this one is confirmed bearish

>>29702976
Nice but you're supposed to wait for a break out

>>29702874
Nope, there is resistance.

>>29703469
>no TA is a guarantee
>this one is confirmed bearish
>no guarantee
>confirmed
Make up your mind

This graph business is such bullshit. The last megadip was literally one whale dumping BTC and ETH simultaneously.

> muh rising wedge
> this could be bearish!
> but maybe bullish also
> let's wait and find out

TA is astrology for finance

>>29702976
ok, can you post screencap?

>>29703555
i say confirmed because it has already broken out on the downside, until then it could also have been bullish. though it looked like top resistance which is why i went short.

>>29703331
No shit retard, but we just broke out to the downside. If we close here we're very likely going down

>>29702874
>BTC crashing
>TAfag comes out of the woodwork and predict the present
every fucking time

>>29703644
this isn't my current open position because i took profit at 50k in case of a bounce.

>>29702874
You're wedge missed a red candle.

>>29704009
You covered so high

>>29704009
What?>>29703820

>>29703820
This is what I get for trying to help you make money fag? If you were here I would backhand your ungrateful ass

bros, anyone have that pic of those 2 teen titan thots laughing? i really need it for reasons

>>29703331
why TA fags dont undersand this? its so basic

>>29703820
kek so true

>>29705433
TA is for informing your decisions, that's all. if you don't think the charts can be analysed there's really no point looking at them.
it's true patterns are overrated but this was a nearly perfect top resist ascending wedge, a fairly good bet.

>>29705294

I only care about onchain indicators, gtfo with your voodoo

>>29703593
I wonder what the correlation is with state IQ average and % of its population is Caucasian.

Would be a funny stat haha

>>29706389
Hispanics are caucasian. Doesn't matter because I stand with Trump not whites.

>>29706389
IQ is racist. Patterns and shapes are a white man invention to oppress POC.

>>29703555
it already broke dow. you retard
>no one can know if it rains before it rains, but now it's raining
>YOU SAID NO ONE COULD KNOW WTF

>>29702874
Yes, it's over. WANGMI

>>29705294

>>29702874
uh, you're joking right?
>doing TA and thinking two lows and a close make a support line
also nice resistance with arbitrary "touch points" on two neighboring candles

>>29703148
Good my gme gains gotta stay forgotten in some place BTC is like APPLE in the 90s late, but not that late.

>>29704945
don't try to help others make money with terrible techniques, it's barely a channel, and certainly not a wedge
breaking down out of this channel means absolutely nothing without a rejection from previous support line
we have an important fib support level at ~48100 and heavy resistance at 51k, holding a price against either of these for a few hours would be a good point of entry

>>29707302
It's just a rough idea, are you saying that it's not a rising wedge? What is it then smartass?

>>29707665
Sure, whatever you say. You're lines suck though

Here's my TA. It'll mostly recover in the next 3-4 hours, then after that it'll dump for about 12 hours and start recovering

>>29702874
i see a bear flag everytime i see line down then choppy up

>>29703331
COPE!

We ARE going to 40k soon and maybe 35k at the most.

we won't break 45k

i put buy order at 45285 both spot and 20x long
fuck off bobos

dip = more cheap BT

>>29710812
Post proof

i'm now long but purely on a hunch, we'll see if i get rekt

>>29712473
its not going to stop dumping until 4pm london

>>29712549
i think you're right, i'm just dumb enough to try and catch bounces

nm went short lol