/biz/ - Business & Finance

>>6943679
>>6943749

Of course nobody cares about Gold, it has been trading sideways for over 2000 years. In ancient Rome an ounce of Gold would buy a nobleman a fine tunic a fine leather belt and a fine pair of leather sandals. In todays terms, $1300 buys a nice suit/belt/shoes.

It only protects against inflation.

>>6943484

It's just something that happens when you work in these places. If it seems possible then the idea spreads. It doesn't matter if it happens or not because it's reflected in the price action

>>5437405

I would wait until the new year to see what happens, a lot of investing businesses are waiting to cash out so they have profit on next years books, maybe will see another dip.

It makes life a lot more cozy if you start out the year with some degree of your goal in the bag... + too much profit/tax in one year could be inefficient. Make sense?

>>5437455

From what I understand the volume in Asian markets is higher than the western world, so I assume them. There are some funds here that hold bitcoin. Trading on any exchange to some degree affects the price on any other exchange. If you can get BTC for 20k on one exchange and 15k on another exchange you may as well go buy it where it's cheaper. The concept is called arbitrage and it usually doesn't exist too much because people automatically even out the differences like that.

There is a big misconception that there is a singular "they." There are ways certain types of people think, but even within the investing world people disagree on direction all the time.

Right now bitcoin is in a middle ground, trading sideways. This is where most newbies get burned because they keep thinking it will break out of this small trading range, but it doesn't... so they sell at the bottom and buy at the top. Learn to trade the range after big moves, sometimes things trade sideways for weeks. If a daily, or maybe a strong four hourly candle CLOSES outside of the range, then that is probably the direction. Industry standard at that point is to set your stop at the opposite end of the previous sideways range. Read "the logical trader" by fischer, short book, widely known though and it goes over trading ranges.

>>5242519
>>5243110

I don't really use VWAP.

A lot of people use some sort of volume profile indicator that shows what sort of volume there is at specific prices. I use this sometimes, but it's not something I have up all the time like they do.

I use trendlines and its older cousin "measured moves" which just says if something moves from bouncing between 90-100$ and breaks 100 then you add on the previous range to the next so you look at it trading 100-110$ now.

A test and rejection of one end of a diagonal "channel" resistance point etc, implies a test of the opposite end of whatever range.

A lot of people use this intuitively. Once bitcoin was at 20k everyone started wondering if it would hit 25k... a 5k measured move even though it doesn't look like 15k was ever a big resistance point before that... dunno.

I use moving averages, 9/50/200 and volume. Low volume after a long bull move implies a reversal of the trend as buying dries up. Higher volume at a lowpoint can indicate a reversal due to some fundamentalists seeing value. Trending volume tends to be somewhere in the middle

Breaking out of a resistance on double or more volume with equities is a good sign. Oil volume is more or less consistent on the day to day though.

I think I call fibs retracements. The most common one is 30% retracement of a move as a "flag" 50% less common 66% more common than 50%. Generally if something breaks 66% retrace I would consider looking for 100% retrace.

I have been using Elliot wave a lot in these recent bull trends.

Let me know if you want me to clarify any of this; I'm typing sort of fast.