[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 42 KB, 982x765, 1701455302375247.png [View same] [iqdb] [saucenao] [google]
56852857 No.56852857 [Reply] [Original]

> "If the market keeps BTC at the top of the wedge for a while longer, then eventually the price will be at 40k. It's that simple."
That's a quote from the OP here >>56831656 who posted about this "rising wedge" thing. HOW DID HE KNOW????? I thought TA was bullshit??? Huh?

and someone >>56843801 posted this:
> "Many people are shocked and confused by the price rising. We're seeing that right now. It's inevitable the price goes up when it's hugging the top of a rising wedge."

what the fuck? how could they know?

>> No.56852866

>>56852857
who cares

>> No.56852873
File: 366 KB, 220x220, 1680639166915147.gif [View same] [iqdb] [saucenao] [google]
56852873

>>56852857
>copege posts already when we breached 40k seconds ago

we are so early bros

>> No.56853042

>>56852857
>what the fuck? how could they know?
they didn't. jeet shotgun strategy until something sticks.

>> No.56853321

>>56852857
It will be very interesting to see whether this is a fakeout in progress. Rising wedges are bearish and rarely do proper breakouts occur above them. When a breakout occurs it's usually a fakeout, which means the price goes outside the wedge for a bit and then back into it. The same is the true with falling wedges (which are bullish), but in reverse of course.

>> No.56853364

>>56852857
hindsight. You can see many different ways to draw that wedge. The reality is there will always be some TA that appears to line up after the fact.

>> No.56853388
File: 204 KB, 1210x673, 6yrrdtyiiooohbccdet6uooo6rewsdccu8i8ygv78hh888rrdc.jpg [View same] [iqdb] [saucenao] [google]
56853388

>>56852857
Hi anon, you still haven't explained this.

>> No.56853430

>>56852857
Why don't you just repost your shitty memelines
instead of pretending to be someone else retard

>> No.56853684

>>56853388
What is this?

>> No.56854476

>>56853364
Only one way to "draw" it because the wedge is what it is. It's not something else.

>> No.56854535

>>56852857
meme lines and wedges
> TA

>> No.56854650

>the price went up, that means it will now go down
thanks nostradamus