/biz/ - Business & Finance

>>9588266

you're drawing meme lines on a linear scale that span nearly a year.

now ask yourself if there's anything retarded about that, and if you can't come up with anything, i suggest you close all your positions and never trade again.

>>9588292
First, it's log scale.

Second, I understand crypto "traders" love making knee-jerk reactions to 15 minute candles. However, TA is normally done on long time frames (several months, using daily or weekly candles), yes.

>>9588266
Being that obvious can have a self-fulfilling prophecy effect though. Probably a lot of people trading with something similar to that chart in mind and that can help it remain relevant.

Personally I don't think it's going to go down/sideways that much longer. I also don't think straight lines and triangles are very good guides.

I see a giant cup forming. I don't think I have a better chance of being correct than anyone else trying to predict the future, but I'd rather form my own opinions than blindly follow those attention whores on tradingview.

>>9588425
Interesting. Thanks for your input. I guess you're fairly bullish, then? What do you see as the bottom of this current dump - $7500? It seems we're about to break your bottom line (if we haven't already).

>>9588479
The bottom is around $7400 on that arc that I drew. I did this last night to determine my buy levels.

I set buys every $100 from $7600 down to $6800. Only my $7600 and $7500 orders got filled so far. I'd be surprised, but not disappointed if anything below $7000 fills.

>>9588266
>From there we either finally break out or continue the pattern down
>we either go up or we go down
jesus christ
OP is a fucking GENIUS!

>>9588548
Do ETH brah.

>>9588618
There was a lot more to the post than "it's either up or down", nitwit.

>From there we either finally break out or continue the pattern down

>>9588266
thanks op, threads of this quality are rare on biz these days. Put a buy in just under 7500.

>>9588266
>Paint ze bull flag

>>9588425
>I also don't think straight lines and triangles are very good guides
>But a fucking cup is

>>9588266
Woohoo, now do Tether

>>9588888
Checked mr. Anon
Already did quite long time ago btw

>>9588425

Even using the time range of the bubble popping your meme lines assume exponential growth, conveniently for gullible retards to believe and buy your chuckie cheese tokens

I think BTC will go down to $2k soon. Just move into ETH or EOS or something else. Stop being a stubborn delusional clown.

>>9589152
>EOS won’t go to $1 and ETH won’t go back to Spring 2017 prices if BTC dumps to 2k

>>9589073
if you hate crypto so much, why are you even here?

>>9589152
If BTC falls to $2k ETH, EOS and every other coin will be completely obliterated. Tons of alts will go to literally $0 and be delisted. ETH will be sub $100, possibly even sub $10.

>>9588292
All pro traders use long term charts. OP it's right except that it needs to get up over $10,300 or so in two weeks or total collapse. Here's missing some long term tend indicators that will be confirmed bear by then.

>>9589305
Explain.

For what it's worth, getting over $10.3k in two weeks is, in my opinion at least, completely unrealistic.

>>9589073
Crypto still has a smaller market cap than faceberg while being adopted by governments around the world. You'll be using crypto one day and it won't even be a choice. TKY is going to log every shit you take. Forget speculating. This is your future. Bow to your new master 666.

>>9589323
It is unrealistic and yes, so was the April 12th pump that saved it from falling into a likely year long bear trend. This market is retarded.

>>9589323
No trade zone in the Williams Alligator, which kooks like it's about to get locked into a downward trend on the weekly chart. Last this happen is last an entire year. This time probably wouldn't be as long thanks to this next year being one of innovation and wider adoption.

>>9588548
roger
Did the same with tether
Bought in btc in increments every 50 dollars down from 79 tho

>>9588629
I bought ETH at 1200 tho.

Wtf

>>9588425
A cup that takes years to form...

>>9589444
Hope you didn't buy much at that price.

There won't ever be another bullrun.

>>9588425
cup and handle is an even stupider meme

>>9589340
facebook and most US tech stocks valuations are fucking retarded, not sure who you're trying to convince

AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>>9589515
Are those valuations really more retarded then crypto where market cap is valued at the last price paid? The point is, there is a lot more money to come into the cryoto market. It hasn't even begun.

>>9588548
Looks like we just blew past that bottom. I don't think we're near bottom yet, either. May want to revise your buy orders/estimates.

>>9588548
F

>>9589563
> It hasn't even begun.
It wont for a while because almost every crypto is complete garbage vaporware except for maybe 5 of them. All these coins have to die first before real adoption happens

>>9589563
You are absolutely right - it hasn't even begun. The market is going to see rekting like it never has before


https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe

>>9588715
These ta faggots are all like, “IT WILL GO UP OR DOWN. HEH IM AN EXPERT AND DEFINITELY NOT A FAGGOT”.

TA is faggotry when they take it too far, but the basic trends you can gather are helpful. Bear flags, bull flags, resistance, etc. Better than nothing and being like "muh random swings".

>>9588425
your ide is right but your time-frame is wrong

HELP ME ANONS

What is the significance when TA'ers talk about these support lines?

In the picture,
Why has the price bounced off that line?
If it breaks that line? What happens

Whats it called and where can i read about it more?

>>9588266
Your support line is all wrong brainlet. It'll bounce from ~$7100.

>>9590984

its not mine you turbo autist

>>9591005
Then stop posting shit TA, you dumb faggot.

>>9590984
Why 7100?

>>9591067
That's where the support is. Might fakeout under momentarily, but will bounce back. It's already way oversold, there's no point manipulating it much lower.

Where is PoS/PoL? (Proof of Short/Proof of Long)
Reminder to not trust any TA fag that does not show his LEVERAGED positions that concur with his analysis.
If he doesn't trust his money with his TA it's because it's not worth a shit.
>"but I don't like gambling"
So TA is not that solid if it's a gamble for you then?
Anyone can hold, not everyone can net profits on leverage and avoid liquidation until cashing out, it takes real skills and balls, because you can not afford to be wrong or you'll lose all your money, unlike when you're not on leverage.

>>9589277

Holy fuck, please let that happen....

>>9591243

What a load of shit. Making money isn't a dick measuring contest dumbass, lots of people think margin is retarded in crypto. Nothing to do with trusting TA - crazy volatility alone can wipe you out even if your projection was right. Kys faggot.

>>9591243
risking all your money is retarded regardless

>>9591454
>"What is isolated margin"?
retarded indeed

>>9591454
unless you're some kid/poorfag and all your money is a laughable amount that you'll make back in no time

>>9588266
>TA threads

>>9588266
Isn't it better to assume support line on open/close when the extremes are only intraday for single days? It makes more sense when the single fluctuation is so big like that bottom in Feb.
If so the support is at 6300 for now.