/biz/ - Business & Finance

>>11786957
**Should add long candlesticks are pretty bullish.
The September crash's recovery didn't have candlesticks like this either.

>>11786957
could you explain what these terms mean and point out where on the graph i can find them?
t. brainlate

>>11787006
See that tampon string with the arrow pointing to it? It means we're about to be rich

>>11787006
Please Google it, it'll explain better than I can and possible save you from losing money in the future

Its a fucking bear pennant you tard.
Cup and handle projecting before its anywhere near formed. U srs?

Long wicks are sometimes bullish all depends on context.

We look like we will be testing lowwr support at least one more time.

>>11786957
> technical analysis
I just came in my hand it looks like a moon, this is good omens, it's time to buy

>>11786957
Idk just buy the dip already

>>11786957
>something is going on here

Yeah, it's called: massive dump caused by lack of buying pressure

Just means people bought the bags there. It doesn't matter tho because the jews are happy to sell at a higher price as it goes to zero

>>11786957
>does that look like the start of a cup and handle?

This thread is full of retards. None of your stupid patterns or signals are going to help you game this market. The only thing you have to know is that whales are testing the market and any noticeable move is purely to shake out as many idiot's coins as possible. In a market this dead and controlled by whales the only winning play to make is just hold and starve out the bigger players.

>>11787711
>In a market this dead and controlled by whales the only winning play to make is just hold and starve out the bigger players.
That only works with shitcoins with 0.1 BTC daily volume

>>11787749
Are you saying you think you are better at playing the market than the guys with millions of dollars worth of crypto?

>>11787793
Im no better, im the whale.

>>11786957
It is a classic inverted bart, like fucking always.

>>11787850
it's not like you can't have reverse barts in your reverse barts...

>>11786957
>why are the candlestick so long even in the recovery pahse
>does that look like the start of a cup and handle
Are you completely retarded or what?

>>11787033
What's the difference between a bear pennant and a doji or hammer? Asking for a friend.

>>11787895
Just google basic TA

bear pennant is a formation of candles
doji and hammers are candle types

>>11786957
>recovery phase

That's a bear flag, OP.

>>11787895

Doji is a candle that opens and closes at roughly the same price after some movement above and below. Mostly wick, just a dash for body. Looks like a cross or inverted cross or plus sign. They are typically an indication of uncertainty in the price range with bulls and bears creating a stalemate. This then indicates a break is coming soon up or down; which way is more likely depends on the type of doji and its position relative to the other candles.

Hammer, aka bull hammer, is a green candle with a long bottom wick and small upper body with no upper wick. It represents bulls rejection of an attempt at lower price and a close at high of the candle period.

Consult investopedia for more information and variations on these candle types.

>>11786957
We're fucked
https://www.tradingview.com/chart/BTCUSD/wKeWUB9y-Bitcoin-Why-won-t-the-rainclouds-go-away/