/biz/ - Business & Finance

so many people don't realise how effective ta is, you don't even need to draw a ton of meme lines and shit; i hardly ever draw lines, the charts i trade off use RSI and i just watch higher timeframes and observe the patterns the candles form to make an opinion on price direction, it can be that simple

i find lots of lines and using a thousand different indicators just clutters up a chart and can confuse

it can be this simple:
>overbought rsi on high timeframes
>daily candles red
>new weekly candle is red (huge indication)
>buying pressure significantly decreased
>selling pressure is strong around $20 as evident by lower tfs showing rejections
there