/biz/ - Business & Finance

>>27968687
Yes, I don’t expect it to go back above 0.06 until tomorrow. But remember a few days ago when 0.03 was the floor?

>>27881827
Yes and no. They are reliable in that they signal SOME KIND of change, but the direction isn’t 100%. And it doesn’t account for real life events like Elon tweets or the natural rhythm of paperhanded europoors or the opening of the US market. Their main benefit is helping you predict when breakout points will be, and then set limits and stop-limits accordingly.
For example, if I had drawn this triangle correctly (using high and low wicks as borders), it would’ve clearly warned me a major shift was incoming and let me approximate when it would happen.

>just watched a video on chart patterns in time to barely miss the obvious triangle/wedge before the boost to .033
Apparently they don’t always tell you what direction it’s going, just that it’ll change direction. This is kinda fun desu