/biz/ - Business & Finance

>>29866823
It's called a falling wedge, still bullish though.

>>29866823
>>29866889
i see a cup and handle

no faith in this call but the meme lines say op is probley not a retard

>>29866975
I unfortunately am thoroughly retarded

>>29866928
Yes

We're going down, time to trade my coins for rope

>>29867030
if your a retard what does that make these guys
>>29866889
>>29866928
>>29867040

>>29866823
I don't understand the reasoning behind this. Why is a falling wedge considered "bullish"? Everyone always says it is bullish and invariably every time it does exactly the opposite of expectations (it continues falling). If you forget about TA and think of it logically, a falling wedge is lower highs and lower lows. It's literally a downtrend. Just because the trend might reverse at some point doesn't mean that you predicted it using TA, it literally just means people started buying again due to some extraneous factor. In fact, it's dubious that a falling wedge is considered a bull flag when even people who use TA admit that all that a falling wedge means is that the trend is about to either go up or continue falling. That's not saying anything. The predictive power of TA is literally 0.

>>29867266
didn't read; bought 1k BTC

>>29867266
thanks for making me feel better about selling I appreciate you b

>>29867130
https://www.youtube.com/watch?v=YkI1CKrkAdE

Here bros falling wedge. Buckle up

>>29866928
looks like a knifey spooney to me

t. Ausfag

Why would you buy a bitcoin though?

That's the only relevant question here.

>>29867430
To sell to a greater fool & convert to fiat

>>29867383

>>29867430
To buy drugs

>>29867504
Don't you think we've priced out the fool though?

>>29867266
>>29867131
the joke is people see whatever they want to see. for falling wedges, it doesn't mean the pattern is guaranteed, there's some who wait for the breakout (breakout traders exist because they are degenerate and because the cost of a long position at high leverage would wipe out their initial).
that's who these patterns are useful for - breakout traders who ape in on confirmation

>>29866928

>>29866928
I see cup noodles

fellas I'm ready today.

So -5%, bought top 3 during yesterday's lowest dips..

>gas
>low volatility
>stubid investment and trading for whole day

only one point saves my purse - lp staking and yield farming on YVS Finance. Check it if you don’t want to risk

>>29867430
Why not?

>>29867430
Here's a question for you.

Why do the government dictators busybodies get to inflate my money to cover up for their bad lockdown policies? What's wrong with me saying no to that?

>>29866889
excuse me retard, how exactly is a falling wedge bullish in a crypto market? Have you learned nothing?

>>29868046
Because they have bombs and are holding off the mongrel hoard, idjot.

>>29866889
falling wedges are bearish you dumbasses.

looks like a bunch of lines to me

>>29867631
ite not even a falling wedge you spastics its a decending tryangle
this occirs when the buyers continually try and defend a price level and their rallies get weaker and weaker until the arse fall out of le support line
but keep sayin meme lines dont work when u dont even know what meme lines are what
maybe you should just buy cardano

It’s a trillion dollar fucking market cap. Where would the other trillion come from. I’m seriously starting to think this could be near the top.

>>29868148
Get bent bootlicking statist

Does technical analysis patterns matter much in something as volatile and unpredictable as crypto?

>>29868405
i never called it a falling wedge. i used it as an example. plus you have to wait for a confirmation either way. before pattern completion and breakout is just gambling. descending triangles break to the upside too

>>29866975
we will prolly see a relief rally sometime soon, but were not in the clear yet

>>29868548
well ya agreed and also were talking about a week on the chart which is bullshit as well. but for warned is for armed
>>29868750
that would be nice but 35% is a standard bull market dip

>>29869107
Gais! 99% standard dip keep holding

>>29869468
go back

>>29867549
Elon, greyscale, and Cathie are the fools

>>29869518
I lost my 20 dollars I put in during a bull market bitcoin is a scam you promised bitcoin will make me a millionaire wtf is this bullshit then?

>>29866823
>indicators don’t mean shit in a market as volatile as crypto

>>29868148
the mongrel hoard they are importing into all of our countries in order to breed us out of existence because they want mongrel rape slaves?