/biz/ - Business & Finance

>>8707097
>(15 min chart)
kysdyor

>>8707097
>THE PROPHECY HAS BEEN FULFILLED
>3 DAYS OF GREEN
>LOCUSTS IN FLAMES
>KILLED EATER OF THE SHORTS
>RIP TO BIZTARD BORTS

praise kek

>>8707327
I've done my research but sadly I still have no idea of what's going to happen.

This looks like a bizarre combination of a bull and bear flag.

>>8707622
too long to be a bull flag. Its a bear flag that will break down but will only go down to around 6750/6800 and then bounce up.

>>8707327
there's nothing wrong with the 15m chart. I use it all the time for spotting patterns. I use the daily and 4hr for overall trend and then dig into the micro trends on the 15.

>>8707097
Rising wedges usually break down but it's not guaranteed. There's a lot of resistance ahead. We're still in a downtrend so expect a breakdown. All higher time frames are still bearish. If tomorrow's daily closes above this current one then I say we are looking good for some up movement.

eat my shorts

>>8707558
Looks like you need to do some more researsch then.

technical analysis is bullshit

>>8707097
OP those are some lazy ass trendlines. Draw that shit wick to wick.

>>8707558
In theory down but looking to enter a short there sounds horrible, see if it makes another visit to the top.

>>8707801
You have the wrong idea of what TA is. Technical Analysis is just an ANALYSIS, it is not a guarantee. TA gives you different possible scenarios and you based on that and experience you will be able to place trades with better entry/exit points. In my entire life I've only traded BTC/USD and maybe a few shitcoins XXX/BTC or XXX/USD. TA is extremely useful for BTC since its a highly speculative asset, especially with new institutional money coming in the market is becoming more technical and easier to trade, only if you take the time to learn

>>8707905
don't bother...
people like that are either clinically retarded or are trying to smear TA as to deter newbies from it so that they can keep a steady pool of retards to dump on...
the alternative, essentially impossible, as stupid and brainless as they are, would be, to do some research themselves and actually get good at trading...

their motto seems to be:
as long as you have somebody just 10 IQ points beneath you (around 70-80) you can make some easy neet bux by dumping on them to finance your lifestyle of being a useless piece of shit living out of your mommys basement.
the only thing /biz/ is useful these days is to read the current market sentiment of the dumb money and to laugh at the people i described above...

if you suspect some disgust with the general population here from my side, you are completely right...
now watch the reactionary shitshow to this post happen...
beautiful, beautiful fireworks...

>>8708945
Where does TA tell you we are heading this afternoon?

>>8707767
Looks like shorts are about to get fucked.

BA reveals a triple ascending Bart where each Bart head is actually the hair of an even larger Bart. Expect us to fall off the side of his head soon, in the fashion of an inverted Marge.

>>8708977
Obviously you're a dumbass who can't read.

Alright, TA guys I'll bite. What's your favorite meme lines? Why does it provide a good analysis?
Bollinger bands? MACD? RSI?
I'm just starting to try to do this stuff and seems like Boll is real useful.

>>8707097
it's fully Bogged

>>8707558
Nobody but the whale with the bots manipulating this does actually.

>>8710345
bollinger bands and memeline triangles for signals, vwap and fib retracements for targets.

that's all easy and you can probably pick whatever or no indicators at all and be 70% right just looking at trends.

the hard part is position and risk management to keep from getting stopped out and staying profitable over time.

Bitcoin is going down. Everyo is shorting.

How do TAtards think they can predict jackshit when random, giant candles like that huge green one in the middle of the chart can appear out of nowhere?

>>8707097
use horizontal trend-lines as support/resistance, not diagonal ones

that section is a large move up, followed by consolidation repeatedly,
support is found on those MAs including the 50 and 100 hour MA
trend is making higher highs and higher lows but most recent upward move resulted in a lower high
also in wider consolidation range on 1 hour and we are in the upper section of the trading range and are straining to keep it in the higher portion of the 1 hr range

confirmation of down move is found upon break of 50 hr at about 6875 and break below previous lows (bases) at about the same level

downward move looks more likely as recent reaction bounce is losing steam

i have about 2 btc of 5x shorts that I've stacked over the past week at 6960

>looking at textbook bull trap
>is this going up or down?

OP, if you have to ask, you should probably just invest and be done with it.

>>8711561
TA is why some millionaires decided to buy when they did. It was not random or out of nowhere. I hate faggots like you who shit on TA without even studying it sincerely. Competent analysts new that pump was coming at least 24 hours prior to it happening.

>>8711561
In some ways TA is a self-fulfilling prophecy. Because TA said it's time to buy, some whale went in with a huge order which pushed up prices, thus confirmation his original TA.

Same will happen when TA says sell. Going against TA is retarded, especially for btc since it has no fundamental value, so trading technicals is the only thing you do can.

>>8711789
s/new/knew/

Bulltrap idiot, prepare your ass -.-