/biz/ - Business & Finance

>>11004429
>at the risk of making another crypo post on /smg/
i never mind talking about it when were closed and its at an important make/break point (always is on weekends). i honestly wouldnt have noticed unless that other anon brought it up. i ignore it completely.

couldnt help ya w the mining tho
never bothered to look into it too much. in case you havent noticed i dont have very much faith in crypto as a store of value desu. maybe later, but not now

>theres like a dozen things it looks like to me, a pennant, symetrical triangle( up or down?), bull flag, falling wedge?
i honestly HATE trading off of candle patterns. theres always someone w more money than you fingerpainting what you wanna see.
candle patterns, imo, are just adding another layer (one thats pretty subjective) on top of the thing you ACTUALLY need to establish. and thats: where do people want to buy "x" and where do they want to sell "x".

thats why i like coming up w my own indicators to determine these things. if no one (or very few) knows how to paint my indicators, then i can focus on determining the supply/demand on things and not get faked out. its also why i like trading off of correlations as it means they have to spoof BOTH of the underlyings in order to fool me, which is MUCH harder.

but most of the time, the supply will be static on a stock, so its determining demand. so you gotta figure out where people want it, and where people dont want it, and if something related to it changes, you need to try and adjust your estimations. the more you zoom out, the better/harder it is to fake.

heres a pattern. i saw people accumulating TLT for a while on every dip. i confirmed this on the COT for ZB. it also rang true on my volume oscillators. and the pattern is a very large wedge (means more people are accumulating/holding more as time goes on). but it wasnt the pattern that got me into the trade.

but $450M dollars in one trade is pretty big demand. i now KNOW shits rough next week