/biz/ - Business & Finance

>>25847010
oscillate around 35k for a couple months

Chinese dick trap

>>25847010
pretty obvious bull trap. zoom out. big money moves on 1h+ candles. /biz/tards use 1m

>>25847010
buellar trap

>>25847363
I use 1m cause I like to torture myself

>>25847337
This. Very dangerous

>>25847363
You have to use 1h candles for correct understanding? serious question

>>25847363
Lol big money doesn't trade on technicals at all. And definitely not on intraday candles
>>25847486
Serious answer you should be using dailies at a minimum

>>25847486
i switch between 15 min, 1h, 4h and 1day

>>25847363
I meant bear trap.

>>25847400
Bro... it's time for the talk...

>>25847486
You use whatever candles based on how often you trade. There's no rule here but generally something like...

1D - a few big trades a year
1H - weekly trader
15M - day trader
5M - if there's heavy volatility
1M - you're retarded

>>25847560
Hate to break it to you but yes, they do. The institutions ask trading desks to do it for them. The trading desks have agents watching the charts constantly.

>>25847639
>>25847564
>>25847560
Thanks anon. Is there any book or blog or anything i should read if i want to understand those things better? For crypto purposes.

>>25847709
Honestly, nothing beats real experience. It's part technical analysis and part intuition. There's no "guide to becoming rich by trading".

If you're just starting out, try to read the chart and make a prediction based on the movements you're seeing. Don't use real funds until you have an understanding.

>>25847709
When I was just starting out I traded the 5M candles, I waited until whales would place massive buys/sells (watching the volume increase substantially). I'd ride their coattails for a hot minute then exit within ~10-20 minutes.

This worked well when I was a poorfag. Once you build up a stack you realize trading over large periods of time is WAY more effective.

>>25847824
Thanks anon. I will learn some TA, and try to test on testnet.
>>25847895
Thanks anon. By large periods do you mean days, using day candles and doing TA?

>>25847709
>understand those things better
Lose some money. Best teacher is experience

what's wrong with 1m candles? aren't they the most accurate?

>>25847560
>you should be using dailies at a minimum
this

>>25848123
already lost monthly salary today in the crash.

>>25848188
>the crash
you didn't lose it, it'll come back in like half a month if you hold

>>25848051
Yes. You'll make more money if you make 1 smart move every month rather than 100 small trades in a day.

>>25847337
hahahha

>>25847010
yeah, kill that skinfag
I hate skinfags

>>25848295

>>25847311
i'd be happy with this outcome

>>25847709
the only way for an average person to make good investments is to copy rich people. there is no secret.

>>25848600
>1 post by this ID
chinks not welcome, xiao, go cut up a puppy you yellow faggot

>>25848788
How one should go about it? I know for example binance have leaderboard, and some people have opened positions everyone can view. Not sure about how one can copy some one who is successful in other ways.

>>25849011
with good bankroll management you can use any meme strat

>>25847311
tank you mr. snibs

>>25849011
in crypto the successful ones are those who just buy and hold top coins. your random shitcoin with #400 mcap isn't going to 1000x.

>>25847010
40k ED
50k EOW
70k EOM
100k EOY