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/biz/ - Business & Finance

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13521400 No.13521400 [Reply] [Original]

>the double top was real
Oh if only I hadn't doubted

>> No.13521446

>>13521400
I know nothing about TA. Why is there far less volume on the 2nd top? Is that a bad thing?

>> No.13521462

>>13521446
a very back thing.

>> No.13521471

>>13521446
First time people actually thought 6k was gonna happen and bought, second time is the confirmation that they were all wrong.

>> No.13521475

>>13521462
*bad
When the price goes up and the volume goes down, the crash happens right after.

>> No.13521480
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13521480

>>13521446
"The double top is a frequent price formation at the end of a bull market. It appears as two consecutive peaks of approximately the same price on a price-versus-time chart of a market. The two peaks are separated by a minimum in price, a valley. The price level of this minimum is called the neck line of the formation."

"""borrowed""" from wikipedia. Going off what it claims and your observations I guess it's supposed to mean we're headed for an imminent crash assuming no whales try to manipulate this any further (which let's be honest, whoever bought that 100M that got us to $5K is going to dump his bags at some point) pic related is probably all i'll be able to afford when all of this is done tho so don't take MY word for it