[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 176 KB, 823x487, bearflag.png [View same] [iqdb] [saucenao] [google]
12455207 No.12455207 [Reply] [Original]

BTC has formed a textbook bear flag on the one hour chart on Binance. Pic related. Most likely will leg down soon.

>> No.12455242

>>12455207

bart flags do not equal bear flags señor

>> No.12455431

Yes but what about the galactic spiral TA?

>> No.12455447

>>12455207
The exact same pattern is earlier on your graph and was followed by a massive up Bart

>> No.12455460
File: 45 KB, 800x450, 1513939493170.jpg [View same] [iqdb] [saucenao] [google]
12455460

>>12455431
I just saw that in the other thread. Not sure how to do that one.

>> No.12455465
File: 403 KB, 1080x1300, Screenshot_20190115-214143_Gallery.jpg [View same] [iqdb] [saucenao] [google]
12455465

Hmmmm

>> No.12455485
File: 63 KB, 1066x558, 1543171233523.png [View same] [iqdb] [saucenao] [google]
12455485

>>12455447
Nope not the same pattern at all. Bear flag has to be an upward gradual and continuous movement away from the low. Up and down does not work.

>> No.12455627

>>12455465
lel and /thread

>> No.12455650

>>12455485
Are you fucking retarded? A bear flag goes up and down, painting higher lows before crashing.

Sources for other anons interested:
https://speedtrader.com/how-to-trade-flag-patterns/
https://www.freeonlinetradingeducation.com/bear-flag.html

Something bear related for the faggot I am replying to:
https://en.wikipedia.org/wiki/Bear_flag_(gay_culture)

>> No.12455655

>>12455465
that was different; probably whale manipulation or something. The one OP circled is the real one. No, I won't show you the short position I am holding.

>> No.12455669
File: 28 KB, 383x693, 1540629111535.png [View same] [iqdb] [saucenao] [google]
12455669

>>12455485
lmao use 4H candles you brainlet. Do you think you can tell what's going to happen based on like 4 1H candles? Please trade on Bitmex against me.

>> No.12455682

>>12455460
>>12455431
Link pl0x

>> No.12455691

>>12455207
You're actually retarded if you're trying to do TA on bitcoin during bart season with 1h candles. Also that's not a fucking bear flag.

>> No.12455774

>>12455207
ATTENTION ALL BRAINLETS

ATTENTION ALL BRAINLETS

THIS IS AN IMPORTANT MESSAGE FOR ALL BRAINLETS.

DO NOT, I REPEAT, DO NOT, RELY ON TECHNICAL ANALYSIS (TA). BUT IF YOU DO DECIDE TO USE MEME LINES, AT LEAST BE SMART ENOUGH TO NOT DRAW MEME LINES AND LOOK FOR PATTERNS IN ANYTHING LOWER THAN THE 6H/1DAY CANDLES. IF YOU ZOOM IN TOO MUCH AND USE THE 15 MINUTE CANDLES, YOU'RE LOOKING AT RANDOM NOISE AND TRYING TO DRAW A PICTURE OUT OF OF STOCHASTIC NOISE.

PLEASE DON'T BE STUPID. PLEASE DO NOT SEARCH FOR PATTERNS IN THE 1H CANDLE CHARTS.