/biz/ - Business & Finance

[Anonymous No.11084978]

Will you listen this time?

[Anonymous No.11084995]

>>11084978
You are a retard. You will never find love or companionship.

[Anonymous No.11084999]

>>11084995
Nope but atleast I won't have to spend my time doing meaningless jobs

[Pearanon No.11085001]

>>11084978
Question. I'm still learning so pls no bully. Since it's a descending triangle why wouldn't the price drop near that apex? It goes up instead? Doesn't it show that bulls are losing strength because they can't push it past that trend line? How do you set price targets for triangles?

[Pearanon No.11085005]

>>11085001
I suppose it just as equally shows that bears can't push it below the trend line as well right. Also tell me about triangles and their angles? Like if it was angled with the apex towards the ground would that be more bullish?

[Pearanon No.11085013]

>>11085005
*bearish

[Anonymous No.11085020]

>>11085001
>>11085005
It's a flag/triangle that broke-out and is retesting the triangle's resistance as support. My target for LTC is .00948

[Anonymous No.11085026]

>>11085001
It's not a decending triangle as it made a higher low and lower high, whereas a decending triangle will keep testing the same support area in a horizontal structure, this is diagnal.

[Anonymous No.11085030]

>>11085026
Sorry I mean lower highs and higher lows.

[Anonymous No.11085040]

Support level = horizontal structure(region)
Resistance level = diagnal

[Pearanon No.11085065]

>>11085026
So while the chart was in the red flag area you're not sure whether it will break down or up right? It's just that as soon as it does (preferably with volume?) that is the signal to go in? What method do you use to set targets on this though? For example h+s it's the top of the head down to the neckline then that added to the right leading shoulder I think

[Anonymous No.11085095]

>>11085065
That target was already standing from a couple of days ago, I'm just cashing out and adding on as the move goes along. But yes something like that, measuring the move prior to flagging from close to close and adding that which in this case would give you .00965

Though I usually don't cash out the entire position and let 10-30% of it ride after meeting the target and then I decide what to do next.

>So while the chart was in the red flag area you're not sure whether it will break down or up right?
Pretty much, though the trend is up so it already gives a higher probability of it breaking out to the upside. But I still had some of my position from earlier moves riding so I just added on in the triangle.

[Pearanon No.11085143]

>>11085095
KK, and what about that red line? Is that just the cursor? If instead it had dropped do you think it would've retested that prior little bit of resistance right before the flag? Is it more likely to hang on and test a resistance if it has been tested before more and more times making it more likely? Is this part basically just human psychology and hive minding? I remember when I first learned about supports and resistances how weird I thought it was, like? What arbitrary reason would it have to hang onto that meaningless point, and it could've been even 2 years back and it still remembers. That boggles me...What timeframe also?

[Anonymous No.11085149]

>>11085065
Usually the targets I set are conservative, hence I always let something ride just to see what happens and it gives averages out nicely when you want to add on.

[Anonymous No.11085167]

>>11085143
That was from a range it was in prior to it's reversal and also a target.

[Anonymous No.11085182]

>>11085143
Support/resistances is more about levels people are interested in to buy/sell. However I don't really believe in the Supply&demand meme as markets are largely manipulated and fabricated.

[Pearanon No.11085201]

>>11085182
do you do elliot waves? fibbonaci? I've been trying to learn elliot waves but sometimes when I watch videos I just can't see why some points were placed where they were.

[Anonymous No.11085211]

>>11085201
Sometimes, I think TA is a big meme though.

[Pearanon No.11085252]

>>11085211
Yeah me too, I'll give you a secret tip.

Okok ill give you my secret trading strategy but you can't tell anyone promise?

Sometimes when you go onto exchanges where they use fake bot volume or whatever you know. If you find "low volume" coins with high spreads sometimes the exchange will out right buy your whole order even if it's 15-20% above what it was trading at, I think because it can see that theres a real order but the rest will be like bullshit fake orders. I picked a lot of these wicks

[Anonymous No.11085260]

>>11085252
Nice, aslong as you make money, I don't really fuck around with that stuff though.

[Pearanon No.11085278]

>>11085260
hardly made any money because I don't really have much to start off with I just started with 300 but I'm at 5k now hope I can at least pay off my student loans in a year.

[Anonymous No.11085295]

>>11085278
I think that's quite a lot, but yea I did the same. Paid of all my debts with profit from trading. Now I'm just trying to pay my bills with it.

[Pearanon No.11085352]

>>11085295
Still doesn't feel real to me. Anyway thanks for all the help, hope you get massive gains this winter

[Anonymous No.11085370]

>>11085352
Yeah I had the same, untill the bear market striked and my investments declined in value, it started feeling very real at that point. Thanks, goodluck learning to trade, the rabbit hole goes deep.