/biz/ - Business & Finance

>>26285533
brainlet here, shouldnt the upper trendline extend through the last green candle and not the third (from the right) green candle?

>>26285594
yes

Looks pretty bearish.

But what does it mean?

>>26285594
Anyone who tells you that the lines have to go through all wicks or all candle bodies is a charlatan who you should ignore, honestly. In reality, there is no hard and fast rule, especially in crypto. The most accurate way I have found is to go through a combination of bodies and wicks that yield the cleanest line of best fit. If you are talking about the last touch point on the upper resistance line, it is touched by a wick, yes, but that is because this corresponds best with the preceding touch points.

>>26285662
It's not. It's a bullish breakout of a pennant formation. Measured move target is 4 BTC.

>>26285671
It means YFI is about to melt faces. Target is 4 BTC per YFI, approximately.

bump. why do i cast pearls before swine?

>>26285533
You will never pay off your med school debt or be a woman.

>>26286282
Fuck off, glownigger :(

>>26285743
This lmfao. TA is not a science. Different people have different types of TA, as long as it helps you make money go with it. Experience in the markets is much more important than trying to do TA correctly

>>26285743
>>26287687
Ah alright thanks anons, I get it now. I'm just trying to learn a bit of basoc TA by browsing this board and fucking around on tradingview

>>26285671

>>26285594
Some go by wicks some go by bodies, If you want to be really conservative on smaller time frames go bodies, if you want to be on the absolute break down / up go wicks.

Mixture of both is best to match the majorities TA