TA Fags explain

[Anonymous No.51361985]

this pattern

[Anonymous No.51362016]

>>51361985
No pattern in your pic.

[Anonymous No.51362035]

[Anonymous No.51362042]

How do you mentally handle trading in the cryptocurrency market?

Do you actively acknowledge and constantly remind yourself that its all fake, but also see it as a financial opportunity, and deal with nihilism?

or

Do you try to convince yourself its real so as to avoid feeling nihilistic, and play it like a game with TA?

[Anonymous No.51362096]

>>51362016
>duuuude the people on top are just like greedy and stupid, there is no conspiracy don’t be a schizo

[Anonymous No.51362108]

>>51362042
>actively acknowledge
once is enough, no reason for nihilistic masturbation

[Anonymous No.51362113]

>>51361985
>Ah yes the cock and balls pattern

[Anonymous No.51362114]

>>51361985
because TA is a meme

[Anonymous No.51362162]

>>51361985
i'm a goofy goober ROCK!

[Anonymous No.51362244]

>>51362114
Is it really a meme when so many people use it and therefore the market movements are affected by it?

[Anonymous No.51362336]

>>51362042
Extremely bullish. Check crypto Twitter this morning. Even bears are admitting this is an exciting time for the space

[Anonymous No.51362445]

>>51361985
looks like the chart from the day of powell's speech

[Anonymous No.51362488]

How new do you have to be to think TA is anything more than astrology for men. Every big profit I've ever made in crypto was from buying when everyone was saying crypto is fake or its over for crypto. You buy when /biz/ is dead and you sell when every indian kike coin 100xs

[Anonymous No.51362710]

>low liquidity visualised

[Anonymous No.51362776]

>>51362336
huh, did I miss a Yoshi related game? Looks comfy, source?

[Anonymous No.51362785]

>>51362042
I just don't use leverage. It's that easy.

[Anonymous No.51362791]

>>51361985
Not a pattern. It was a descending triangle breakdown and the a random jewish pump.
You could force draw a falling wedge, but it's really forced because not enough touch points so really, it wasn't that. It was just a jewish unpredictable bart

[Anonymous No.51362804]

>>51362042
>Do you actively acknowledge and constantly remind yourself that its all fake, but also see it as a financial opportunity, and deal with nihilism?
Yes 100% this. I see 99% of all assets as manipulated pieces of shit, but more so with crypto, but the gains can't be denied. Btc is nothing more than a jewish scam, but so are metals and so are stocks so fuck it.

[Anonymous No.51362811]

>>51362042
What nihilism? I never understood anything about crypto or any other market. I just see it go up and down, then I buy when it's low and sell when it's high.

[Anonymous No.51362856]

>>51361985
I'm working, so I'm on my phone now. Basically:
>(1) one short-term resistance
>(2) BTC found foothold in same said resistance
>(3) 19500~$ support that turned into resistance after falling
>(4) pumped and broke the new resistance of 19500$
>(5) medium-term resistance
>(6) broke the medium-term resistance or could be making a small bull trap (we need more price behavior to know)
>(7) medium-term (possibly long-term) support that was broke and now is a resistance

As you know it, /biz/ is full of retards. Most people here don't even know what basis points are. Said that, most of them never read more than 5 pages about TA and are really frustrated because they cannot comprehend shit.

[Anonymous No.51362868]

>>51362856
Any tips for anyone wanting to learn this ?

[Anonymous No.51362869]

>>51362856
btw, if it rips through 7, BTC will possibly break the long-term resistance that's only a little above 7 = we go even higher

[Anonymous No.51362881]

>>51362868
start here: the first 800 pages of TA ever written, the conception of technical analysis by edwards and magee

[Anonymous No.51362893]

>>51361985
btc/usdt volume is impressive

[Anonymous No.51363086]

>>51361985
Upside down homer
Barts Head And Then Marges Hair

[Anonymous No.51363141]

>>51361985
what you are seeing is pure whale manipulations, they have been very effective at it this entire year
they use their massive stacks to dump or pump the price below a key technical point, hoping to lure in retards to chase the trend and then shit on them by reversing it
what you see in that picture is a whale market dumping a massive amount of coins below key psychological painpoint of 20k hoping that a lot of retards think 'this is it, its over btc is dead for sure here' and sell their stacks, so the whale can buy back in all he sold at a lower pricepoint
this didnt happen as all the retards are routed already and only long term hodlers are left who don't fall for this crap, so the whale quickly realized the plan wasnt working and was forced to buy back in lifting prices higher
at this point only a macro disaster can crash btc lower significantly, so if you see moves like this on no news ignore it

its doubly laughable when you see double retards like >>51362856 try and rationalize whales moves with meme lines, its absolutely hilarious when they try to goad others into following their doomed path by shilling ta books to use on a manipulated market

inb4 this is doom and gloom for crypto, no the manipulations only work short term never long term

[Anonymous No.51363150]

>>51361985
reverse bart

[Anonymous No.51363189]

>>51363141
Here's my profit and loss (PNL) from the last 30 days. Show me yours, you fucking doublenigger.

[Anonymous No.51363242]

>>51363141
Also this "muh whales were forced to buy higher!" is pure plebbit bagholder cope. How much have you lost already? kek

[Anonymous No.51363254]

>>51361985
A lot of gamblers went degen on the 19k daily level.

[Anonymous No.51363270]

>>51362804
>metals are jewish scam
the jew fears metal that can’t be clipped

[Anonymous No.51363285]

>>51362856
Hmm, number 7 baffles me, what did you use to figure out the next resistance?
Cheers anon

[Anonymous No.51363304]

>>51362042
unironically good ta clearly showing this is a dead cat bounce

[Anonymous No.51363370]

>>51363285
7 is a support (now resistance) drawn from the low of 17622$ (june 18) to the low of 18910$ (july 13). Look how it beautifully touched the support a few days before falling (marked in yellow).

[Anonymous No.51363390]

>>51363370
aaand a zoomed out analysis for the full picture.
>the BIG major resistance marked in yellow

[Anonymous No.51363391]

>>51363370
incredible, thanks for the info frem!
I'm still very new to TA. thanks for that.

[Anonymous No.51363602]

>>51363189
the fact that you responded to my post with your past 30 days pnl is truly low iq
i havent made any move since the june lows and dont intend to do so for a while

but i will give you this, the whale that started the manipulation is indeed not forced to buy back higher, but in doing so he would lose his stack and all past examples show they do buy back in at some point

[Anonymous No.51363636]

>>51363602
post your yearly PNL then, faggot, or kys

[Anonymous No.51363721]

>>51363636
up 70% rounded down, with only 2 trading days
0% taxes on long term hodl
inb4 bullshit, sold jan, bough back into mostly eth during june
memelines arent going to save you

[Anonymous No.51363739]

>>51361985
Cup handle how u miss it anon? U don't drink coffee?

[Anonymous No.51363745]

>>51362776
smw2 yoshis island

[Anonymous No.51363755]

>>51363721
>expecting people to believe whatever you write
post a fucking print, you little cunt. we know you fucked up and lost money bagholding

[Anonymous No.51363833]

>>51362791
not really, check BTC dominance: if BTC fell, alts would've fallen harder; if BTC pumped, it would've pumped harder than the alts (as we know, happened).

[Anonymous No.51363882]

>>51363755
which one of us is seething anon
and if you werent a tourist casually blown in to shit the place up you would know that any screenshot is an inspect element so nobody posts them anymore, nothing more than looking at coingecko to see if the coin really did move that much in % is believed here anymore

to any lurkers this is how you spot dumb larpers btw
the anon i responded to claimed to have made 30% pnl in 1 month during one of the most uncertain times in crypto and is seething at another anon who made 70% in 9 months simply hodling
now if you calculate out 30% per month, thats about 1000% over 9 months
so ta anon should have made about 15x what i did yet he is seething rather than basking in his wealth ask yourself why
also over the course of a full bullrun this anon would do an 12500x on his initial, ask yourself just how sustainable that would be

[Anonymous No.51363900]

>>51361985
DXY.

[Anonymous No.51364115]

>>51363882
you're seething because you can't believe TA works but you're not high iq enough to actually understand it, right? kek
>gif related

[Anonymous No.51364233]

>>51364115
BRUTAL

[Anonymous No.51364454]

>>51363882
come back here, you little bitch

[Anonymous No.51364489]

>>51362042
Decreasing volume, no bueno.

[Anonymous No.51364528]

>>51362811
Based retard.

[Anonymous No.51364682]

>>51364115
Hey Anon, do you think we're going to see a scam wick or nah?

[Anonymous No.51364695]

>>51364115

absolutely keked on

>>51363882

ur a fucking faggot retard

[Anonymous No.51365103]

>>51364682
possibly not even a scam wick, but actually a good pump. why? DXY hit 110 and will probably rest for a while now. also, seems like the S&P, Dow and Nasdaq will do a little recovery. if BTC hits 22k and sustains it, I'll close all my shorts. we could see BTC at 23500~25000$ – or even more, but I would not bet on that.

[Anonymous No.51365118]

>>51361985
Bulltrap, liquidate late shorts and then next leg down. Same pattern already happened 5 times and it tricked the bull flags every time

[Anonymous No.51365428]

>>51362042
The democrats stole your cryptocurrency

[Anonymous No.51365509]

>>51361985
bounce off volume profile support. temporary and just rising so that it can fall harder through support next month.

[Anonymous No.51365543]

>>51363390
nice ta bro keep it up

[Anonymous No.51365609]

>>51364115
>pic
I like this rekting effort.

>X0N00T

[Anonymous No.51366164]

>>51362042
It's experiencing weekend exhaustion, volume is low right now and we will probably trickle down, HOWEVER, look at other macro markets and what they are about to do, Gold, Silver, DXY and bond yields are going to be your more reliable TA during these market cycles. However, be keen to watch out for a volume spike and if we hold 20k we are probably about to explode upward, sell pressure seems to be waning.

[Anonymous No.51366174]

>>51361985
this is clearly a pump and dump, bitcoin going to 18k next week

[Anonymous No.51366907]

>>51362042
>How do you mentally handle trading in the cryptocurrency market?
Managing things from a single and universal account, thanks to ORE ID system

[Anonymous No.51366923]

>>51362811
Understable. The crypto space is pretty much complicated for an average person. Unless you take advantage of account protocols that makes things easier and lower the entry barrier, it can be quite challenging to control your identities and assets, especially when they are spread across multiple chains.

[Anonymous No.51366986]

>>51366164

oh ok, so you choose to believe its real

[Anonymous No.51367040]

>>51361985
Looks like someone sold, then someone bought. then someone bought some more, and now it's leveled off. Just waiting for it to bart or negabart. Bitcoin is so thinly trader, any millionaire schmuck can move the price by several percentage points.

[Anonymous No.51367073]

>>51362336
>an exciting time for the space
nice euphemism. 2009 was also an exciting time for mortgage brokers.

[Anonymous No.51367090]

>>51361985
It's a break out. Broke out in excess of 2 standard deviations on the 4 hour chart, very nice move, however the mean reversion is under way, if I was trading this I would use the daily to find the mean price and target that for profit taking on a short.

There are strategies that use bollinger bands to find these kinds of breakouts. I trade these kinds of moves all the time on the daily and weekly charts using options on spx, ndx etc. You need to use other indicators and be actively involved to make sure you aren't stepping in front of a moving train.

[Anonymous No.51367115]

It's gonna keep on pumping.

[Anonymous No.51367311]

>>51366923
This is one of the reasons why ENS' utilities are amplified as well as ORE's. Everyone want to have it easy

[Anonymous No.51367337]

>>51366923
>>51367311
pajeet bots gtfo

[Anonymous No.51367441]

>>51362445
thanks
placed a short

[Anonymous No.51367483]

>>51367337
Kek. Bot detector

[Anonymous No.51367509]

>>51362042
Are we gonna close the circle?

[Anonymous No.51367562]

>>51367115
Possible but unlikely. I attached a pic (not phone friendly) of the kind of chart I use to trade price extremes. The red and green dotted line represent 2 standard deviations, the yellow dotted line is the mean. BTC is currently at a relative extreme in the daily frame, the market seems to agree with the formation of that doji. I would be looking for the price to be moving back to the yellow dotted line and maybe even the green dotted line.

Without doing any volume or order flow analysis I would attribute this most recent upwards move as short cover/squeeze. On the daily you can see a move from -2 STD to +2 STD in 3 days, that's pretty fast considering recent history.

[Anonymous No.51367793]

>>51367562
$21,600 broken, $21,750 next, then dump.

[Anonymous No.51367863]

>>51361985
Maren predicted this

[Anonymous No.51367914]

>>51363833
btc dominance is a worthless metric

[Anonymous No.51367920]

>>51362336
>the space
People who talk about crypto like that are not worth listening to.

[Anonymous No.51368053]

>>51367914
It's worth more than your wife

[Anonymous No.51368436]

>>51361985
>2 1337
>4 U

[Anonymous No.51368454]

>>51362035
Top kek