/biz/ - Business & Finance

>>12024196

you're a moron, TA works because it shows repetitive human psychology in markets. Formations and patterns show people's beliefs in a market, its psychology on a graph. TA doesn't work cause ta is a meme and enough people believe in it. Dumbass brainlet

>>12024231

Here's XRP. It had a great run a couple of months ago where I made 200%. Reason was the bullish breakout of green trendline. Right now what I see is some undecisiveness in the market. Bollinger bands are getting tighter on the daily chart which means a big move is coming either way. You'd really want to see bulls hold 8788 range since it was the peaks of the last few runs. If that breaks down I'd expect a fast bearish rally to 7k ish sats. Wouldn't buy right now, more like wait and see.