/biz/ - Business & Finance

>>8014326
Ok buddy I'lll help you get started. After this, Z recommends you visit
>https://www.babypips.com/learn/forex/preschool

To draw the wedge first you gotta zoom out
>I prefer bitcoinwisdom for simplicity and access to timeliness, tools etc.
>I prefer bitfinex exchange since they seem to drive the action but FYI Binance has become the highest volume exchange

Draw wedge lines on one day candles ("daily").
>Upper line goes from ATH ("All Time High") 19891 to next high of 17252 and it will keep going forever, stays in position if you change candles.
>Draw Lower line from the bottom of the dip that's 6000, through the low/from the bottom of lower wick from 2/23, 2/24 pr 2/25, line also goes forever
>where it meets the upper line, expect a strong move
>Z prefers 4 hour candles to best predict. If a move is solid, it will hollow on the four hour candle, not on the wick but in candle body (between open and close)
>you can make these lines on bitcoinwisdom
>also plot fibonacci there for strong resistance points (in bull trend), which become support when 4 hour candles close above them
>previous resistance/support levels are also important/predictive of reversals