/biz/ - Business & Finance

Vertical accumulation.

Smart money be buying now XD

>>19424594
me

>>19424594
>implying a resistance isn't made to be broken

>>19424655
>>19424669
Descending triangles are bearish patterns that indicate distribution. Pic related.

>>19424695
Bitcoin always goes to the end of the triangle formation. It would be very unusual for it to break out right now.

>meaningless lines: the thread
nice analysis bros

repeated retests mean it's going to be broken OP

>>19425075
That's what they always say before it dumps

>>19424718
One could also argue that the pattern is a symmetrical triangle, which is usually a continuation pattern
If you switch to log scale, even a bearish "stops at resistance" prediction could have BTC going up to 11k

it's technically clear from all analysts that none of them have girlfriends

>>19424594
This chart is like 20 days old. Check the X axis, June is in two days

>>19426383
It is still valid though. It has been bouncing off that resistance line since then. It's impenetrable.

>>19424594
There's a strategy on some markets that involves really heavily hitting obvious tops and bottoms to try to dislodge weak hands and start a snowball. It's really cheap, quick, easy, boring, and profitable overall. Also really easy to hedge and potentially profit even when it doesn't work if you want to get a little more sophisticated.

>>19424594
If it moves out of this and the price shoots up they will call it break out trade or whatever
TA is such bullshit

>>19425054
I’m about to start drawing freemasonic symbols on the bitcoin graph lads, wish me luck

>>19424655
>Vertical accumulation.

>>19424669
>Smart money be buying now XD

>>19427635
>>19427660
Disgusting

>>19424655