/biz/ - Business & Finance

>>12156186
did you see the drop from 6k to 3k coming?
if not why would anyone listen to your TA?

Made this $EOS chart 11 days ago. You can see the dates on when I made the TA from file name. My entry was 5k. I remember when I first posted about EOS like 10 days ago and some anons were giving me shit saying how it's going to hell.

Needless to say it reached my target at 7k today for a heckin 40%. Was one of the most profitable trades of yesterday. One of the reasons why it was so great is since EOS has a high marketcap I'm able to buy with a good percentage of my portfolio. I can't buy a lot of these lowcap coins because there just isn't enough liquidity.

>>12156193
No he couldnt have because its completely manipulated, hence why TA for crypto is a meme

>>12156186
i thethered up, what is your rebuy price? 3200 would be lovely, but might go with 3300 to be sure

>>12156193

Here you go moron. I didn't trade crypto for an entire week after this green line was breached.

Any seasoned trainer took their capita to the benches and just watched for opportunities after 6k was broken. If u hodl'd you're just inexperienced about market behaviour in general.

>>12156186
>BTC chart is from bitmex cause they have the highest volume
it's all washtrading, confirmed brainlet.

use bitfinex data

wb ta anon. pls advise on what price you're looking to rebuy eos.

>>12156218
>coinbase
>didn't trade the breakout
pathetic

>>12156218
i think youre full of shit anon

>>12156206

Jesus fucking bizlets like you seriously make me reconsider why I even bother in making these threads. You stupid stinky linky holding morons make me salty.

People who think TA is a meme has never ever bothered with learning anything about reading charts.

>>12156216

I showed the range at the first chart. I'll be watching bitmex for a long futures position and meanwhile getting back into $BTC from stable coins at binance.

Here's the 2nd trade of the day. Ontology, $ONT. Not much to say, clear break of the falling wedge. Took profits at 1700 sats.

>>12156246
>doing ta on shitcoins

>>12156186

Tezos - looking good now?

>>12156246
Please keep making them. Ignore the retards that think ta is for retards. Ty.

Not even gonna bother with the bizlets in the thread anymore, just gonna post the profitable charts and hope the ones who actually are interested in TA and reading charts can see similar setups and learn how to execute.

Here's PHX. Bought at 15th. Average entry was 220. Took profits at 250. Will post reason why I picked that profit range at next post.

Entried 220 cause of bottom of falling wedge + its a range with a lot of prior history meaning it was a good support that i expected to hold. Had a tight stop loss under.

>>12156261

Here's the reason why I took profits at 250. The brown line is 25MA on daily chart. MA's are great cause they are dynamic resistances. After observing that momentum was slowing down and we wouldn't be able to breakthrough this MA and make our way towards the white line (99 MA) I took profits. Great trade for a nice 14% BTC and even more in USD since BTC was going up dollar wise meanwhile.

MA's on higher time frames are very respected. I use 9, 25, 99 and 200MA. I check them very regularly on 4h, 12h, daily and weekly charts.

>>12156261
Based and /biz/ will utterly ignore, in all likelihood

$LTC, another high marketcap coin which is great for me since I can invest more of my capita.

Been talking about this setup for days, hope some of you caught it. The orange zone was invest, green zone was invest heavily area. We didn't get to the green zone, but I'm not mad.

We actually managed to breakthrough this year long falling wedge pattern which is very fucking bullish. I expect a higher rally to 40$+ if my TA on BTC's bullish head and shoulders is true.

Remember, when BTC is bullish, alts are mega bullish. Not ALL of them, but ones with good setups. LTC and EOS were perfect examples from yesterday.

Anyway, entry average was around 25$, sold at 31$ with hopes of reentrying soon. Great 25%.

Chart is from 13th.

>>12156282
what is the white indication for?

Here are some setups that I'm watching for now.

$VET

3-4 month long falling wedge, attempted to breakthrough today but failed to do so facing resistance from 25MA at daily. After a confirmed breakout this can go parabolic and reach 99MA daily.

Interested in buying the confirmed breakout somewhere around 118-120 sats with profit range at 152-173

>>12156332

Its 99MA for daily chart. All of the white lines on my graphs are 99MA for whatever time frame it is.

9MA - Yellow
25MA - Brown
99MA - White
200MA - Purple

>>12156186
I guess you were too premature.

$MDA

This coin is fucking insane. I don't know whatsup with this coin but it seems like its some whales' fav lowcap coin for gains.

My entry was after green line was broken, took profits at the green range at around 28k

>>12156186
>>12156204
>>12156218
>>12156246
>>12156261
>>12156282
>>12156322
>>12156346
>draw some lines
>"look guys I am doing TA!"
lmao, this is the ultimate larp. Anyone can draw such trend lines but hey stupid loser, TA is more than just meme lines
0/10 still shorting

>>12156370

Not yet.

Plus I have a dynamic gameplan, heres the flag I was talking about at first post.

It is not broken yet, but if it is could be bullish for sure. Not a setup where I'd invest a lot though since its a lowtime frame pattern.

muh memlines
muh shekels
muh you make money
muh alts

>>12156400
it's a t*rkroach. Why would you believe a subhuman from a failing economy?

>>12156392
>come into a decent thread that is supposedly beneath you
>take the time to highlight everyone of the posts from the TA anon
>hurl childish insults
sad and pathetic/10

>>12156186
>Market is showing bullish signs now for sure.
Imagine being this deluded.

>>12156392

Only people who I've seen argue against TA are morons who cba studying it cause they're bizlets.

I don't give a fuck about what you think, I'm a millionare with easily in lambo range. Only reason why I post these threads is cause some anons might get interested in it, start looking into it and benefit.

Other than that, literally 95% of biz will never, ever make it. You are just a bunch of neets who complain about boomers and take 0 action to better your life.

Enjoy being a wagie.

>0/10 still shorting

Shorting this range. Jesus, why am I even bothering.

Meanwhile here's a short pos I closed recently

>>12156415
if you believe this retard, then you are never gonna make it
You see most of the TA pics was taken today so he has literally proven nothing. Just past history where he could place memelines

Anyone with actual TA knowledge know that the overall trend is still strongly bearish

>>12156437
I'm not arguing against TA. I am just calling your TA babby's first TA lmao
>I don't give a fuck about what you think, I'm a millionare with easily in lambo range
lol you probably just have $10k. Well that's a millionaire in T*rkey already

>>12156441
post your TA or shut the fuck up

>>12156437

Wrong post

>>12156416

Sounds like disbelief to me.

Anyway, cya biz. Enjoy working for amazon or mcdonalds or any dollar/hour job.

I made 35k yesterday. And it's not even close to the most profitable days of mine.

>>12156459
moar liek u should succ my dick faggot

Love these threads. Thanks for making them based anon. Makes me think i should really learn some TA and have a crack at some trades. What resources would you recommend? any books or video series?

>>12156466
congratulations, you've make all this noise in someone else's harmless thread to draw attention to how much of a pathetic loser you're capable of being

>>12156474
>coping
ok kid, enjoy being the 87%

>>12156463
get on my level faggot
This was when BTC was 5200

Hey Anon thanks for sharing. Can you take a look at LINK?

My question is if EOS is going to break up further or if its going to head further down. It honestly looks like its caught support at its current level I think. That may mean its at the very least going sideways for a bit at its current level before it breaks.

>>12156510
KEK LINKIES ARE THIS RETARDED AND INSECURE ABOUT THEIR INVESTMENT

>>12156528

Green arrow is where you should've entried short term. Perfect pennant break trendline retest.

Wouldn't entry now.

>>12156528

Bruh, no matter how much money you make you'll always be a virgin cause of your shitty attitude.

>>12156483
>>12156497
>>12156528
you're thirsty for attention and you're trying to get it by showing off fake screenshots of shit that no one cares about. i don't know what's driving you to act like a 12 yr old, nor do i know what exactly you're trying to compensate for or how it's made you so sad and desperate. what you're doing here is only going to make you feel even more empty inside. here's one last (you) out of pity.

>>12156583
>>12156579

butthurt

>>12156579
think it will visit this price again?

>>12156598

Dunno, long term here's what I see for link.

Seems like a cup and handle formation.

Mainly interested in entering after top yellow line is broken.

>>12156611
thanx anon, keep up the good work.

thx OP

>>12156527
would also like op's opinion on this

is there any chance that OP is wrong and that btc will goback down to 3200?

>>12157013
This same relief rally pattern has happened 4 times in a row so far and each time it kept going down. Each time bulls proclaimed it as the bull run.

BTC has to break into 3600 for it to have a chance to test 4000.

>>12157040
we're at 3600 literally now

>>12157061
oh! I was looking on Binance. The values are really different from the two exchanges at the moment. Its looking like it has to break 3700 resistance on Bitfinex.

>>12157129
yeah man, fuck me

>>12157040

True. Range changes from exchange to exchange but if we were to take bitmex chart you need a clean break of 3638.

Like I said earlier, I'm currently in the sidelines. Only watching some alt setups that are prime for breakthroughs. Not really interested in buying the ones that already did 20%+. Already took profits on those.

Here's a setup that I really like though. $NANO. Had great runs and hasn't performed in a while. Broke through this huge falling wedge, retested the green line and now forming a pennant for a breakthrough it seems.

Buying the break with targets @ 2700-3200. Looks fucking prime.

Another OK setup. Not liking this much as my older charts but could be nice. $RVN

>>12157162
For me my plan is to mostly wait until we actually reach the bottom then just hodl a few positions on coins I like using until they top off then switch to a few stable coins as the market crashes again. I am not really big into trades, I just want a baseline strategy for sanity where I dont watch charts like a hawk every hour on the hour.

Which is what I am currently experiencing because I am worried that the bottom has been found but I am not sure yet... I am thinking we have not hit bottom yet and this is just a continuation of bear town.

>>12157205

It's silly to try and catch the "bottom". Much better to be able to define trends, trend divergences, and strength of rallies.

Otherwise you're just catching falling knives.

Inb4 you buy what you think the bottom is only to walk into a bulltrap.

>>12157286
nice tip anon, thanks for your work

>>12156186
>DEC 18, 2018: Your travel plans cannot be changed, let alone avoided altogether. These obligations are serious and ignoring them means trouble that literally lasts a lifetime. If money is your biggest worry, find another perspective from which to see the entire event.

>>12156186
OP why dont you tell biz BEFORE you actually do the trades instead of just coming here and bragging about it AFTER you have already made them?

>>12157425

I did tell them before, most of the charts are dated almost a week old.

I told you 2 setups just now, $NANO and $RVN.

See you in a couple of days

>>12157286
Are you still here op?
Would really appreciate eos/usd charts.
Thanks for making these threads
>>12157425
He made threads last week like 4 days in a row early morning eu time

>>12157425
He probably told biz but was met with a bunch of autists mad he is talking about EOS. EOS is a major butt hurt coin because the ETH has a cult following that even overlaps chainlink. You can literally tell people on this board that EOS has a 4chan/reddit alternative that is fully functional right now and they will go into denial REEEEE mode.

Op caught flak from a completely different bullshit thing.

Thanks for these posts op. I started learning ta about 2 weeks ago and can't believe i never did before. I've been reading your threads and coming to similar conclusions as you. Makes me feel like I'm on the right track. Made two nice 12% trades on MDA lately and entered link at 6500 yesterday

>>12156186
OP, ok, any web sources you can recommend basic down to earth TA like this with no bullshit clown indicators etc. ?

>>12156186

You are savage anon, you will make it.

>>12157516

Great trades bro, good job. Like any skill you get better with experience.

"Every loss in trading is the price you pay for a lesson" . Love this quote. I remember my early losses when I first started trading and learned so much from them. Putting tight stop losses that easily got triggered, wanting to "believe" in the patterns that I draw not being able to be objective, not knowing when to take profits (sold after 10% only to miss out on 200% etc), not having a game plan etc. All of these early frustrations that I suffered made me a better trader everyday.

>>12157580

https://www.investopedia.com/university/technical/

is a great place to start. I personally don't use many indicators. Just RSI and moving averages. I used to use Stoch RSI, MACD and OBV, but recently simplified my TA and have found greater success.

Still use these indicators from time to time to confirm my observations, but mainly RSI and MA's for now.

What I think I'm really good at is seeing patterns, formations and channels. After you can clearly define the channel ANY asset is in (not specific to crypto) you can start developing a gameplan for good entries, areas to take profits, decent stop losses to minimize risk etc.

Support and resistances are huge in crypto. Watch out for s/r flips and trendline retests for great entries. That's usually what I do and have been very profitable.

>>12157491

Ye I posted it on one of my earlier threads.

Here's EOS/BTC since so many of you ask for it.

I'll be honest, I wasn't expecting this great of a bounce from EOS. I just bought at 5k cause it seemed like a range with a lot of history that it could find support on. It was a good observation and it worked out.

Right now I believe we'll be sideways in this 7150-7650 range. 4h RSI is VERY overbought but daily RSI still has some room to work with. I definitively wouldn't entry right now, but evaluate the retest of 7150 which I believe will be its next target for now.

Oh hold up EOS is still pumping wtf.

>>12157699

some continued TA on eos.

A trader who would want to minimize risks would preferably take this trade. Break of 7650 and then retest. This one would be the least risky trade there is.

But like I said, I don't think we breach that range yet.

>>12157749
This is supposed to be a bear market wtf!! Why is EOS still doing this!?

>>12156186
Only TA you need right now is BTC at historical 200 week MA support and coming off weekly RSI oversold levels which were both bottoming indicators in 2014 and I've been pounding the table on since April or so. This is THE spot to accumulate for long term (3-5 year) spot bitcoin holdings. Not ruling out a potential final wick down to ~2250 but I've already allocated about 2/3rds of the capital I want to spend at levels below 4k

>>12157767
EOS dumped too hard. I considered going all in at $1.57 but didn't trust myself.

>>12157699
>>12157749

IMO 7150 doesn't hold and EOS finds support somewhere between 6400-6750, cause this rally was bonkers and will probably need some retracement.

Marked areas of interest in the chart.

>>12157699
Yeah thanks man appreciate. It can't believe I didn't learn it earlier during bull market would be loaded right now. Really enjoy it myself, makes crypto feel like one big video game with more stats now

>>12156186
OP come on man where's your love for REQ?

>>12157769

Very true, if you're not a daytrader the fact that it has found support on 200MA weekly (FOR NOW) is huge. If you are a long term investor in crypto this is for sure the time where you get interested.

RSI could be a little misleading on a very volatile asset like BTC, but it defo hints that the bottom is either in or very near.

Also true that we might have a wick to sub 3000 levels, but if you're a long term investor in crypto with 20k+ prices as targets, it really shouldnt matter much and you'd only buy more if it to -3000. lol.

good thread. thank you ta anon

>>12157807

cant see anything that really strikes to me for REQ. sorry. only good thing i see is it kinda seems bottomed out but that doesn't necessarily mean it will have a good rally soon.

I think there are better setups right now.

>>12157787

I had the same feeling when I first started getting into trading. Felt like a difficult video game to master.

Now it's a bit different, it's like a job and a hobby at the same time. I'll enjoy watching boomers cry this year for instance.

pic related, sp 500

This is really cool, thank you for this information and making me feel like I learned something interesting anon

here's my LTC chart
MA20 at 38$. pretty sure we will touch it

On that note I think I'll be calling it here for this thread lads. Got some stuff I have to do during the day. Hope you enjoyed it or learned a thing or two. Makes me happy to see that some anons find some use in these threads, while bizlets who say "ta is a meme muh memelines" kinda make me salty. Oh well.

I'll be ending it here with a BTC chart to show important levels where I'll be watching. I think we break down from 3450 to 3319 levels where I'd be very interested in entrying. (See first post about the bullish head and shoulders formation, I think that's where we go from here) . Anything below 3200 would be yikes and anything below 3120 would be get the fuck out.

Enjoy your day. Peace

>>12156246
I remember in your last thread someone asked you about ONT and you told that chart looks terrible LUL and you didn't draw these two meme lines back then

BTC
3D golden cross eoy
above 6k septemberish

>>12158085
epic

>>12156246
I appreciate these threads and others too.

>>12156392
This is just embarrassing man...

I request an analysis of REQ

>>12156186
i'm thinking we go to 4k-4.5k before we do any sort of come down creating an inverse head and shoulders pattern.

>>12158304

You shgould KYS for ever considering investing in REQ that is your TA.

>>12158962
I request no bully pls

>>12158021
>ma
>ta

I hate to ask such brainlet questions, but what are these abbreviations for? Also, getting into crypto small time for fun. I'm not a neet looking to make a living or to get rich, I'm just a single dude with excess cash wondering if I can actually turn a profit. I've been lurking for awhile before I actually pull the trigger, but you biz guys use lingo that I struggle with sometimes.

>>12159373

nothing wrong with asking questions.

ta is technical analysis.

"Technical analysis may appear complicated on the surface, but it boils down to an analysis of supply and demand in the market to determine where the price trend is headed. In other words, technical analysis attempts to understand the market sentiment behind price trends rather than analyzing a security’s fundamental attributes."

MA is moving average

"A moving average (MA) is a widely used indicator in technical analysis that helps smooth out price action by filtering out the “noise” from random price fluctuations. It is a trend-following, or lagging, indicator because it is based on past prices."

>>12156186
xrp sir

>>12156372
I want to re-enter MDA now. But I'm still in MITH. Would you be able to do MITH? Thanks anon.

Godspeed!

>>12156186
Thank you based ta anon. Why is link pumping? I thought we were going lower? Had orders set at 17c 16c and 15c

>>12156463

Lurker here, thanks for sharing. Ignore all the retards who feel the need to post without adding anything useful to life in general.

>>12157286

Professional trading seems extremely depressing to me, so I'll just be one of those weirdos who buys low and sells high over a long period of time. It's slow, but also low-risk and low-stress. Good luck man, thanks for all the info!