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/biz/ - Business & Finance

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26289200 No.26289200 [Reply] [Original]

support into resistance. textbook. i hope you're prepared.

>> No.26289332

shut up

>> No.26289368

>>26289200
I sold my gold stocks for this?!

>> No.26289391

>>26289200
im tethered up

>> No.26289398

>>26289332
lol looks like someone has an open long still

>> No.26289410

Oh look I drew a line

>> No.26289449

>>26289200
or it can do a 360 no scope on your ass and just pump hard

Bitcoin respects TA around 60% of the time

>> No.26289465
File: 698 KB, 1439x1824, 64A1390F-28E9-4E7D-9165-D81A3C11411C.jpg [View same] [iqdb] [saucenao] [google]
26289465

>>26289200
Can someone explain the line meme to me? I don’t understand why people draw lines on their graphs

>> No.26289501

>>26289465
they enjoy larping as a pro trader

>> No.26289503

>>26289398
no I don't have any bitxoin.
I just don't want this shitcoin fucking with my alts.

>> No.26289524

>>26289200
Thanks just bought back in

>> No.26289551

>>26289200
Consolidation. We are way over the s2f and it needs to correct either in terms of a big dump. Or a time correction similar to the crab just after the halving.

>> No.26290108
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26290108

That's what I saw as well so I check with my two favorite Youtubers who do technical analysis on bitcoin and I guess I was wrong. Turns out what you're supposed to do is redraw the trend lines so that we're still good.

>> No.26290227

>>26290108
brilliant

>> No.26291031
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26291031

>>26289465
technical analysis is the financial equivalent of pic related

>> No.26291428

>>26291031
Interesting actually dousing rods are marginally superior to random chance.
That said, I think they originated as a grifter tool.

>> No.26291639

>>26291428
I read about two experiments that said when they gave people the rods at random they had like a 10% higher chance of finding the water in the are. Shit was weird and they couldn't explain why.

>> No.26291725

>>26291639
Big if true.

meme aside what was the sample size? 10% sounds significant enough to warrant something going on, got a link?

>> No.26291779
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26291779

>>26291639
Because the wands sense faggotry in the user and won’t work if you’ve ever had a duck in your mouth. It’s why rosties and faggots say “they don’t work!”.
t. geology dude that’s never sucked dick and uses witching wands all the time.

>> No.26292268

>>26291639
I think it’s something subconscious causing tremors in the hands. The rods are just a means to exaggerate those tremors to make them visible.

Kind of like how some studies show reactions precede stimuli, but only sometimes and just barely.

>> No.26292447
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26292447

>>26289200
>support into resistance(confirmed). textbook
DELETE THIS

>> No.26292537

>>26291031
doesn't it work slightly better than guessing because TA is a self-fulfilling kind of thing. Like the changes in price are due to all the people buying/selling using similar TA outcomes rather than the TA actually forecasting the price

>> No.26292567

>>26290108
This

>> No.26292691

>>26290108
>4h chart
BASED

>> No.26292725

>>26292537
Nailed it, it’s just that every TA fag is always trying to figure which chart every other TA fag is looking at at any given time. Guess most of them are on daily/weekly now since the other timeframes turned to shit

>> No.26292742

needs breakout volume or its bear trap