Bought ADA? Learn some TA basics, noobs.

[Anonymous No.30064383]

To all the newbs who bough ADA as the top, listen up.
There is a boomer invention called Relative Strength Indicator, or RSI.
Go to tradingview, hit / then R S I down enter.
What you need to memorize is that you buy is RSI is LOW and sell when RSI is HIGH.
Also normally if the price is going up, then RSI is going up.
(Yes, Sherlock, if the price is going up and RSI hits 90+ it means it's gonna retrace or crab. Sell, or HODL, your choice.)
If the price is going up and RSI is going down, it's called a divergence.
And RSI divergence means you GET THE FUCK OUT because the price is going to crash.
Now I know you will keep FOMOing into shit at 60+ RSI, but if you see it's above 80 then at least jerk off before hitting BUY.
And if there is also divergence then just keep your dick in hand and close the exchange tab in the browser.
Now go to https://www.investopedia.com/terms/r/rsi.asp and learn the rest of boomer technology, because it fucking works more often then it doesn't.

Oldfart out.

[Anonymous No.30064656]

i'd say MACD is more useful than RSI, but either is better than listening to pajeets on biz shill to you then buying something because it just went up heaps

[Anonymous No.30064668]

>>30064383
>trying to teach zoomer moonbois who bought 4 year old soi vapor bags to think before buying
You're gonna have a bad time.

[Anonymous No.30064671]

stfu old man

[Anonymous No.30064709]

thanks

[Anonymous No.30064731]

>>30064671
Lol pottery

[Anonymous No.30064805]

I bought at .90 though

[Anonymous No.30064844]

>>30064656
Please elaborate on MACD

[Anonymous No.30065034]

>>30064383
So you would have sold at around 0.42?

[Anonymous No.30065083]

Thanks for the tip friend

[Anonymous No.30065198]

>>30064383
ada is my longterm hold

but ty my friend. i will wait until its under a dollar again before accumulating more

[Anonymous No.30065613]

There is no RSI indicator in tradingview.

[Anonymous No.30065935]

>>30064383
>id BRO

Thanks, bro fren!

[Anonymous No.30065951]

>>30065613

[Anonymous No.30065981]

>>30064844
>>30064656
> MACD
Alright, lesson #2.
RSI buy signal was discussed above.
MACD buy signal is when the blue line goes above the red line.
Now here is cutting edge 1980 technology, RSI-MACD strategy!
You identify the low RSI area, and wait for MACD to cross, THEN you buy.
Because with low RSI it can still go lower.
But MACD cross tells you it started going up.
This is called signal - confirmation method.

>>30065034
> So you would have sold at around 0.42?
If you enter at 0.2 (prev low RSI zone), and sell at 0.42 you 2.1x the money, i.e. 110% profit, what's your fucking problem?
Also another boomer invention: you can sell HALF of your coins when it starts to reverse.
So in this example you're still up +50%, then you decide later what to do with the other half, sell or HODL.
Psychologically it's easier to have a position go +100% then retrace to +10% then have it go to -2%.

[Anonymous No.30065987]

>>30064844
on pic related, pretty much when the green line (the more squiggly one) crosses the red line so that the green line is above the red line it's a good time to buy, and when it crosses back under the red line it's time to sell. You might need to adjust the colors of the lines on your chart. There's a little bit more to it than than but that's the gist of it. It works well with trailing stop-losses too. So you buy when it's just crossed over and add a stop loss straight away a little under where you bought, then as it goes up you keep moving the stop loss up, and when it crosses back over the line you just let it hit the stop loss. I highlighted a few points on the picture where you can see it a bit better. It's mostly for scalping and day-trading. I use it on a 5 minute chart too

here's some more info about it here
https://academy.binance.com/en/articles/macd-indicator-explained
and this article is ok too
https://www.tradingwithrayner.com/macd-indicator/

[Anonymous No.30066158]

Thanks, sold 100k

[Anonymous No.30066344]

>>30065987
One other thing is that a lot of coins move when bitcoin does, so lately i've mostly just been watching the bitcoin chart. You can see here that when bitcoin went down the other 5 coins I have there did too

[Anonymous No.30066677]

thanks based boomer, good thread

[Anonymous No.30066712]

>>30064383
I prefer VWAP to identify trends better

[Anonymous No.30066856]

>>30065987
>>30065981
>>30064383

Hey, thanks! For real. Any other tips for a noob in need of gains?

[Anonymous No.30066878]

>>30066344
>>30065987
Thanks for helping, bro
Newfags should ask libgen about pic related.
By the way, be careful with forex tutorials.
Forex traders can't see volume. You can.

[Anonymous No.30066912]

fuck ths shillers! if they really think im so dumb to follow their links for a scam, they will fucking die from drowning in their asses
we don’t need your shitcon when we have the upcoming graphene airdrop, lol. the only fucking way to get graphene is the airdrop

[Anonymous No.30066915]

What do you consider high or low rsi? Ie what is a clear sell or buy?

[Anonymous No.30067043]

>>30064383
OP is old, but not a faggot

[Anonymous No.30067118]

>>30066856
VOLUME
It tells you how many people are buying
If the price goes up but the volume is going down, it means it's going to run out of steam
This is fucking obvious if you think about it for 5 minutes
Also, "broken resistance becomes support" and vice versa
Just study the basics, it's not even difficult

[Anonymous No.30067234]

>>30066912
If you see the post that starts like that its a bot. They shill some russian shitcoin aswell like this.
>>30064383
>>30065981
Thanks frens for free education.

[Anonymous No.30067256]

>>30064383
shorted 10k ada @$1.24, what I'm in for?

[Anonymous No.30067294]

>>30066915
Stock market boomer: 30 and 70
Commodity boomer: crossing 50 down or up
Crypto: it's literally on the fucking chart in OP. See which RSI values correspond to tops and bottoms.

[Anonymous No.30067428]

>>30065981
Are there any sites that publish this for shitcoins?

[Anonymous No.30067430]

>>30067294
Thanks BRO
I will mention you to my friends who I care deeply about.

[Anonymous No.30067666]

>>30067428
Ita teicky there as some random celebrity/impoetant dude can go to Twatter and write something and cause a cpin to go up

[Anonymous No.30067902]

>>30064383
I have to ask at this point, out of all the cryptos out there, why did you choose to use ADA in your title? Are you in on ADA, and if yes what are some of your predictions/hopes for the coming weeks/months?

[Anonymous No.30067997]

>>30065981
I don't quite understand how this is considered low RSI (value is above ~50). The MACD does cross the lines.

Is the MACD crossing an identifier to what is considered low RSI? Or is the purple section in the RSI tool a marker for low?

[Anonymous No.30068010]

>>30067294
I'd also like to ask what you think about XRP. Does it have a future in the crypto market or will it go the way of the dodo?

[Anonymous No.30068043]

>>30064383
u had 4 years

[Anonymous No.30068202]

>>30067118
Support/resistance
Lesson #3
Resistance is caused by literal bagholders
Say that in 2017/18 you were retarded and you bought XRP at $2
You now have a shitload of XRP which trades at $0.50 on a good day
So you have a bright idea: maybe one day XRP will go up again, and you can get your money back (forget profit).
So you put a sell order at $2.
So the next time XRP starts climbing, the buyers will see a lot of asks at $2 put up there by similar retards.
So the price has to eat through all these orders and that's called resistance, because it stops climbing.
Eventually the price goes above $2 to $2.10.
At this point, people who were late to the party, put bids at $2 hoping to catch the dip.
So when then price dips, the sells will fill these asks, and it will bounce off $2 level back up.

>>30067428
Twitter
Tradingview ideas
Peter L Brandt, follow this boomer

[Anonymous No.30068360]

>>30067997
See >>30067294
Old school would consider RSI buy zone at 30 and below, but crypto tends to trade at higher RSI
Stocks stay within 30-70 zone, crypto is 40-90.
Just go to tradingview, chart some cryptos and some stocks and see for yourself.
So you have to adjust your methods, simplest way is to look at 1 year or longer chart and see how RSI behaves.

[Anonymous No.30068422]

>>30064383
I trade based on value bitch, not your boomer astrology.

[Anonymous No.30068732]

>>30066856
>>30066878
some other things I can think of are
- Instead of putting a stop loss at a round number say $0.20, put it at $0.195, i find they get triggered less often for some reason (pic related). And don't put the limit too close to the stop (if you're using binance) because the price might jump straight over it as it goes down, I think it has something to do with the order book priority of your limit order after the stop loss is triggered
- you can add buy stop-losses too, i'm not sure what they're called, but from the MACD diagram, as the price is going down you can add a stop-limit type buy order a bit above the current price and keep moving it down
- it helps to calculate how much you need to cover the fees you're paying on each trade, so you know when the price goes above that you haven't lost anything
- if you're a programmer or want to learn programming make a small browser extension to help with whatever exchange you're using. I have one that calculates the fee for me and removes some things off the page I never use and some other stuff. I just add whatever I think of too it
- if you're using binance buy some BNB so the trades are cheaper, just a little bit, like enough to last you a few days or something and just buy more as you need it

[Anonymous No.30068857]

>>30064383
On your original chart there is a period of divergence (most of January) where RSI falls as price slowly climbs--this is followed by the explosive growth of February. Does this not refute your point about selling divergence?

[Anonymous No.30068886]

>>30068732
>as the price is going down you can add a stop-limit type buy order a bit above the current price and keep moving it down
Trailing stop.
E.g. a $30 trailing stop triggers a market sell when price retraces $30 from peak.

[Anonymous No.30069055]

What chart is best to look at doing this? 1m/1H?

[Anonymous No.30069321]

>>30068360
LINK tends to behave like boomer stocks though, RSI gives godly signals on the daily

[Anonymous No.30069342]

>>30064383
Thanks OP. For once a thread with value

[Anonymous No.30069409]

>>30069055
Do not use the 1m unless you want to lose all your money

[Anonymous No.30069432]

>>30068732
One other thing is i'm watching about 12 coins or so at the moment, i have several browser tabs with 6 charts each on them, that helps a bit to see things quickly. Like in this picture here
>>30066344
Also I mostly trade on lower price coins, like < $2 or so. And they should have high volume, some are low price but hardly noone's trading them so the price doesn't move much

>>30069055
for MACD i use a 5 minute chart. I've tried a couple of different ones but that one was easiest for me. I think it works on all charts though i'm not sure

[Anonymous No.30069456]

>>30069055

1m is ADHD territory. Only use it if there's a really specific reason.

[Anonymous No.30069468]

But the RSI is down on the 14 day so it's a buy

[Anonymous No.30069509]

>>30064383
lmao what a faggot. Why don't you tell me my horoscope while you're at it too? Maybe you can also tell me about the importance of diversity in the workplace and why trans rights are important to you.

[Anonymous No.30069558]

>>30068857
Pic related.
Divergence = danger.
Note first divergence is followed by a drop from 0.4 to 0.35 and below.
Second divergence is followed by a climb, but that climb has even more divergence.
There will be an epic amount of bagholders at $1.20 level.

[Anonymous No.30069634]

>>30069558
Pic

[Anonymous No.30069636]

>>30069468
ADA routinely does this bullshit where it crabs off for awhile after the pump, it could drop through the floor to like 0.80 but it will likely jump up again, if it actually does drop that low it would be good to get another buy on it

[Anonymous No.30069637]

>>30065981
Based

[Anonymous No.30069878]

Thanks nigga

[Anonymous No.30069889]

it's crazy to me people will put their hard earned cash into something that they don't even know the basics of

[Anonymous No.30070003]

>>30068732
Thanks, based anon.

[Anonymous No.30070338]

>>30069634
>>30069558
>>30068857
Here is January zoomed with % scale.
Divergence is followed by a drop.
If you bought on Jan 1st of before, you are /comfy/ and you can take a risk and HODL, because you have enough margin.
But we don't always have perfect entry (we're human and we FOMO), so if you bought in during the first climb you have to be more careful.
If you buy the divergent peak on January 18, five days later you are down 50%.
Will you sell or HODL?
Yes, two weeks later there is a rally, but how do you know there will be?

[Anonymous No.30070381]

>>30065981
Boomer here.
Bought ADA at 2 cents.
Never looked at TA, only FA.
x70 gains now.
Not your fucking 110% or some shit.
How am i doing you cheapfuck?
And not selling, because ADA will go to 8 USD at least.
So take your penny chaser knowledge and go to stock exchange to buy some Disney shares.
Crypto is for the big money , not your clown pennys.

[Anonymous No.30070384]

Isn't this shit mostly useful for day trading in crab markets?

[Anonymous No.30070586]

>>30069889
It's insane how so many people confuse noise with information and base their entire decisions on the idea that they understand something with confidence when in fact they don't realize their system works by chance. You might as well base your decisions on the Pokemon cards you get from booster packs

[Anonymous No.30070602]

>>30070381
why do newfaggots always make weird larps like this
whats the point of lying, you're anon faggot

[Anonymous No.30070611]

Gee thanks OP. For once, you aren’t a faggot

[Anonymous No.30070703]

>>30069558
I'm a newfag but I figured this out a few weeks ago and I daytrade at around 3-7% profit a day. People told me that it's impossible to make profits like that at higher amounts of money but that isn't true right? As long as the volume of the coin is there I shouldn't pump it on my own right

[Anonymous No.30070856]

>>30069889
with day-trading you don't need to know the details really, you're just looking at charts. It helps to read a little bit beforehand though if you know nothing at all about the coin, and occasionally check their twitter, reddit, telegram etc. I stopped using uniswap pretty much for now because it was too risky and there's no stop-losses or anything, not that i'm aware of anyway. The MACD doesn't work everytime though, the last one I just did a minute ago didn't work, it just turned around and went down straight away, but because I had the stop loss so close to the price i lost hardly anything, and when it does go up I make a lot more

>>30070384
yeah i think it's mostly useful for scalping/day-trading, or at least for not buying at a local top on the chart. I have some BTC and BNB and I don't use any of this stuff for those really because I don't really trade them I just hold onto them

[Anonymous No.30070866]

>>30064383
Thank you based boomer, I haven't bought any coin yet but I'll definitely check this out.
/biz/ is truly my greatest ally

[Anonymous No.30071049]

>>30070602
Lick my penis shaft poorfag .

I bought 2 mill ADA after March covid panic crash at 2 cents , when retards like you told everybody to sell, because it will crash much more.

Do the math cheapfuck.

Sitting now at over 2 mill USD with 40k USD investment - within only 1 year.

And that alone with ADA.

But bought much more coins in March.

So take your divergence right in your ass and suck on your little TA dick.

110% scalping in crypto - you are such a loser.

Life changing wealth is only in FA.

[Anonymous No.30071225]

>>30071049
>r*dditspacing
>talks like the newfaggot is he
>instantly seethes when called out on obvious LARP
I can't imagine having a life as sad as yours
imagine being so desperate to be accepted on an anonymous peruviate flute training website

[Anonymous No.30071288]

>>30071049
at any moment they could've been hacked or run off with the money or had a competitor overtake them, really heaps of things can go wrong. I think what you're describing is mostly luck

[Anonymous No.30071434]

The other thing is technicals look much more convincing after the fact but are more chaotic during though you can daytrade on it

[Anonymous No.30071491]

>>30069558
Thanks for the info Based Bro , I will screenshot your posts ,

[Anonymous No.30071611]

>>30071288
How i store and protect my ADA in Daedalus is top secure.
You faggots keeping your money on exchanges for scalping cheapfuck gains is unsecure.
Beside that, my ADA is compounding every fucking Epoch.
Luck?
Fuck you, since 2015 i didn't lost 1 single coin.

A bunch of losers are on biz, disgusting.

[Anonymous No.30071675]

>>30068422
Post portfolio please, Mr Big Time pimp.

[Anonymous No.30071750]

>>30064383
>ID is BRO
Thx bro

[Anonymous No.30071854]

>>30071611
It could go to $0 and you'd still have all your coins. But anyway some people prefer day trading so who cares
>A bunch of losers are on biz
go elsewhere then I guess

[Anonymous No.30071988]

>>30071049
You could have bought ANYTHING in March/April and you would be up.
Of course FA says ADA is a good coin, but buying a divergent peak like last Friday, is a risky play to put it mildly.
If somebody think ADA has potential to go upwards from here, that's fine, but retracement and consolidation after rally is normal and should be expected.
Like e.g. I know it will retrace, but I won't be able to trade next week, so I'm buying in now and I accept the risk it may not bounce back.

[Anonymous No.30072341]

>>30071434
True.
But higher RSI = riskier entry is common sense.
Hence the commodity boomer strategy to buy when RSI crosses 50.
If it crosses 50 upwards it means it already has upward momentum, so you are almost guaranteed it will ride up on inertia.
Question is how much, but that's what a trailing stop is for.

[Anonymous No.30072372]

>>30067256
Same. Pls Op

[Anonymous No.30072813]

I think this was one of the most useful threads on biz, I put this shit to some shitcoins and it checks out really nice

I hope you see many gains OP

[Anonymous No.30072833]

>>30070381
Same. Fuck everybody else. I'm holding my 50,000 ADA. Fuck your RSI and fuck your conventional bullshit.

[Anonymous No.30072971]

>>30072833
low IQ holdlr that knows he will lose it all the moment he even touches the buy/sell button

luck doesn't discriminate between idiots but it doesn;t strike twice that often, so I guess the best solution for you is to literally never sell your bags

[Anonymous No.30073170]

>>30065981
You do realize if you applied this same analysis a week or so ago you would've sold at 1.00 and it rocketed 50% since then. Seems like it doesn't apply here.
>110% whats your fucking problem?
Unironically go back to the stock market. You'd be more comfortable with your 5-10% weekly volatility there. Its not meant to be rude but this is a completely different market that clearly doesn't follow a majority of the self-fulfilling prophesies of stocks.

[Anonymous No.30073537]

>>30073170
See >>30070338
If you sell a divergent peak, you conserve your gainz and look for next entry.
If you HODL a divergent peak, your gainz will decrease during the drop, but if you have enough gainz, you don't care. Arguably a less stressful strategy than exit and reentry.
But if you BUY a divergent peak, then your fate depends on whether there is an army of people more retarded than you or not.
The OP is aimed at the last group of people.

[Anonymous No.30073729]

>>30072833
you seem quite salty for a millionaire.

try throwing on some chocolate next time you suck a dick. stupid fag lol

[Anonymous No.30073890]

>>30067256
>>30072372
>shorted
Set stoploss and enjoy.
Close half of the position when it hits previous peak.
Close immediately if the price climbs back up to your entry level, it means the market has reversed, DO NOT keep a losing short.

[Anonymous No.30074418]

>>30073537
I understand but my first point was there is more than TA to take into account and relying upon it solely. In this specific instance knowing that a roadmap and release date for a major event (Shelly) was coming up and that people buy rumor/sell news would've still lead you to conclude that buying in at ~1.00 was still a viable idea. There is more to take into account when estimating risk than what TA can tell you and by my own experience TA is so often unreliable even in larger cap coins that it's a better bet to go off other indicators. I'm not dismissing it outright but just stating the unalterable fact that in general crypto and stocks are different markets with different rules.

[Anonymous No.30074493]

>>30074418
>into account *than relying upon it solely

[Anonymous No.30074811]

One last thing, you can draw meme lines on RSI.
As you can see from this, even if you think that ADA will go to $100 next month, we shouldn't expect another climb before RSI drops to 60 or so.
You can even draw a trend and figure out when RSI will cross 60.
This is of course ignoring the divergence of peaks, which tells we are due for a drop.

>>30074418
Common sense is to use FA to select a coin, TA to select entry/exit.
Bad entry = bags, but good bags are /comfy/ to hold.
Time in the market > timing the market. Always.

[Anonymous No.30074939]

>>30073890
So what do you do when you are looking to buy a coin right now? I practiced your RSI and MACD and I kind of get it. But it's easy looking for the signs after the facts... I have trouble assessing whether it's a good time to buy now. Could you share a screenshot of you assessing ADA now? Sorry I'm a eurofag.

[Anonymous No.30074973]

>>30065034
Sadly your little meme indicator has a statistical win rate of just over 50%, so let me give the zoomers some actually good advice that's actually based in mathematics: don't try to time the market, just buy and hold for as long as possible (but obviously don't buy if the price quadrupled overnight though)

[Anonymous No.30075266]

https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/6228/imfi_en_2014_04cont_Nor.pdf

>In this study, we investigated whether the MACD and RSI trading rules can generate profitable trades in the Australian stock market. The results reveal that in general, buy signals from trading using the MACD underperforms the naive buyand-hold strategy, although there is some support for it for short selling. Nonetheless, the profits from the latter are too small and generally insignificant, and can be eliminated in the presence of trading costs. In any event, short selling restrictions mean that such strategy might not be able to fully capitalize on any inefficiency in
processing historical market data. Overall, the poor results from MACD are consistent with Chong et al. (2014) for the developed markets such as Germany, Japan and USA.

MEMEBROS NOOOOOOOO

[Anonymous No.30075335]

>>30073890
thanks man, closed the entire position below $1.2 (previous peak) rather than half. I could be wrong, but it looks like falling wedge on 4h and can shoot up imo. Maybe re-enter later.

[Anonymous No.30075454]

Memeline bro, does this mean that buying efferium should be reserved for when blue crosses the orange? efferium is getting in the low RSI range

[Anonymous No.30075560]

Lol uses TA to fud a long term hold. Really cute anon.

[Anonymous No.30075598]

>>30075266
OP BTFO'd

[Anonymous No.30075752]

>>30074811
So short to medium bull market ADA is a buy when it drops to around 1.15. That's all I'm picking up here.

[Anonymous No.30075768]

>>30075454
hmmm the 15 minute chart looks joocy

[Anonymous No.30075821]

>>30074973
what if you buy the wrong coin and it doesn't go up ?

[Anonymous No.30075820]

>>30075454
Memelines are exactly that, memes. If you want to buy ETH then buy it, the market has already corrected

[Anonymous No.30076086]

>>30074939
It's kind of fucked right now.
The market was due for reversal (going down) before Elon's tweet which made BTC jump to $42K.
I was shorting ETH and got liquidated.
Now BTC is shitting itself and dragging everything down, question is if it will bounce off pre-tweet level or keep going down.
If it goes sideways we have alt season, if it dumps we have winter.
One thing I learned previous season is to look how coins behave when BTC drops (e.g. which have least losses).
I currently have 50% in USDT/USDSC and I'm looking for entry points (low RSI on daily or 4h) on coins I like fundamentally.

[Anonymous No.30076183]

>>30075821
Diversify, just don't overdo it otherwise your gains would be diluted too much. But to give you an example if you held an equal amount of every top 100 coin your performance would have been 1.5x that of BTC's over the past year

[Anonymous No.30076336]

I have no idea what's going on

[Anonymous No.30076371]

RiSI changes depending in what chart you look at, like 1 or 4 hour

[Anonymous No.30076420]

>>30075266
>in the Australian stock market
this is the crypto market though which is a lot more volatile

>the profits from the latter are too small and generally insignificant
why do I have more than I started with though ?

a study
>The instances of higher returns generated by MACD than the traditional buy and hold strategy implies that its careful application can form a basis for viable and profitable decision making
https://www.diva-portal.org/smash/get/diva2:829669/FULLTEXT01.pdf

I'm sure you'll find many studies for and against it in different circumstances, markets etc. It's been around for so long and so many people use it that it would be strange if it didn't work at all

[Anonymous No.30076438]

>>30064383
Unironically, this may be the first good TA I've seen. But, remember, Cardano > Chainlink.

LINK is a scam run by a notorious failed Russo-jew failed entrepreneur backed by daddies' money.

[Anonymous No.30076507]

>>30075454
Correct reasoning.
The problem is that we /may/ have a trend reversal (we are past ATH and going down long term) and in such case you are buying a bulltrap.
You need to figure out when to exit.
E.g.: It bounces off 1000, you buy at 1050 (because MACD delays you), it goes up to 1200 but then starts dumping. Wat do?
I suggest doing some paper trades first.

[Anonymous No.30076539]

>>30076183
Another useful trick is portfolio rebalancing, but it's best to do this when the market is crabbing

[Anonymous No.30076662]

>>30076420
another because that one I linked to was actually a thesis

>Several important statements can be made based on the obtained results, the most important being that traders using the MACD as an technical analysis investment method on the stock market could some times and for certain companies obtain abnormal cost and risk adjusted returns, this pointing out that the world's stock markets present important inefficiencies
https://www.sciencedirect.com/science/article/pii/S221256711501518X

[Anonymous No.30076687]

Fuck day trading, im a normie and use CB Pro i tried to swing BNT yesterday and missed the peak at 2.70, I seriosuly doubt this magic wand shit wouldve told me when to buy and sell. Show me your strategy for BNT yesterday with your idnicators or its bs

[Anonymous No.30076711]

>>30076371
Study why it has a parameter and why the default is 14.
Hint: stock market trades 5 days a week.

[Anonymous No.30076867]

would it be a good idea to short COTI now? Looks like the meme lines on MACD cross over and RSI is high on daily.

[Anonymous No.30076873]

>>30076420
>this is the crypto market though which is a lot more volatile
Being more volatile does not make it any easier to predict
>why do I have more than I started with though ?
The sample size of your trades are too small, given enough trades you will average out to zero or close to it
>so many people use it that it would be strange if it didn't work at all
What is clown world?

[Anonymous No.30076940]

>>30066344
so do you leverage long/short alts or just swing trade? i imagine you can make serious gains on the volatility of alts as they move more than bitcoin...

[Anonymous No.30076997]

Danke

[Anonymous No.30077056]

>>30064383
OP is doing god's work warning newbies before they get burnt badly. It cost me a lot to convince my little bro to sell his ADA but he finally caved in yesterday.

[Anonymous No.30077249]

>>30070381
You seem angry.

[Anonymous No.30077254]

>>30071049
LOL, the OP is a chartShaman, but you're absolutely blinded if you think you didn't luck the fuck out. Nobody fucking knows how the crypto game plays out and there is no fucking reason for MATIC not to take over ADA or for ETH not to tell the miners to fuck off and lower the gas fees effectively killing the competition or for Binance to take over, or for TRX to take over, etc. etc.

Even fucking BTC can have a vote to add smart contracts and lower its fees, you know....

I congratulate you on turning 40k into millions. That's not chart chasing, but hodling the right coins.

If you had however bought BTC when you first heard of it, what would happen?
Or have you also invested 100'000 $ into LINK when it was 30c?

Face it old man, you got lucky.

[Anonymous No.30077272]

>>30076873
>Being more volatile does not make it any easier to predict
It's not a prediction indicator
>The sample size of your trades are too small, given enough trades you will average out to zero or close to it
From about $2k i've supported myself for over 6 months and now I have about $5k. I could probably make more but I don't do it every day.

One thing i will admit is that it's more work, you have to be the to manage your stop loseses. Also I do have coins I buy and hold. Some I've lost money some have made money

>>30076940
no leverage, just scalping/day-trading

[Anonymous No.30077297]

>>30064383
All in on AAVE, you better be right

[Anonymous No.30077424]

>>30077056
Fuck, I have to get me hands on more ADA now!

[Anonymous No.30077546]

Any beginner guides to crypto day trading that are recommended?

[Anonymous No.30077559]

>>30076867
Looks kinda fucked on 4h.
RSI Divergence + Head-and-Shoulders pattern (AKA Mt Everest pattern, look it up!) + volume dying.
If it crosses the blue line down, it's ogre.
/Maybe/ it can go sideways.

[Anonymous No.30077786]

[Anonymous No.30077789]

>>30077272
I don't want to be "that" guy but if you just hodled bitcoin for 6 months that 2k would have been 8k by now

[Anonymous No.30077801]

CryptoBRO, you helped me a lot this evening.

[Anonymous No.30077922]

>>30077789
if I would have held 5k in bitcoin since december I would have had only 12k today instead of 70k

[Anonymous No.30078066]

So any coins to buy to this very minute?

[Anonymous No.30078146]

>>30078066
ada

[Anonymous No.30078353]

>>30077789
i've spent more than $8k in 6 months I'd say. Rent is like $330/week alone. I have other money but for me it's just a hobby kind of thing at the moment and I've used that as my income since I left my last job. I'm not saying I wouldn't make more buying and holding, but I don't know what to buy and hold, really bitcoin could be $5k today if past events were different, or it could be $100k I don't know. I do have some BTC though, I just enjoy the day-trading stuff too and am just pointing out that MACD is a fairly simple way to at least make somewhat informed decisions as opposed to just listening to people on biz or just guessing

[Anonymous No.30078686]

>>30078353
> MACD is a fairly simple way to at least make somewhat informed decisions
Exactly, bro.

[Anonymous No.30078768]

>>30078066

[Anonymous No.30078816]

>>30064844
kek. just investopedia everything

[Anonymous No.30078876]

>>30078686

Thanks for the tips bro

[Anonymous No.30079030]

friendly reminder that TA is a meme when bitcoin dropping 2% is enough to crash every alt with no survivors

[Anonymous No.30079300]

>>30078353
>>30078686
How long have you folks been trading?

[Anonymous No.30079507]

>>30079300
i've had in interest for years but really only been trying seriously for about 8 months. I'm just kind of adding in here in this thread what I've worked out so far

[Anonymous No.30079787]

I don’t need your advice old man. I’ll keep buying high and selling low thank you very much.