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File: 402 KB, 1080x1544, Ascending broadening wedge.jpg [View same] [iqdb] [saucenao] [google]
51370674 No.51370674 [Reply] [Original]

Ascending broadening wedges are usually followed by a bearish or downward break once they complete. Although, based on historical forex charts, the odds of an upward breakout are only just a bit lower than a downward one.

I'm worried that ICP is about to dump to a new low. But really, this pattern is not a very predictable one. What do you think Anon? It keeps getting sucked back down to $6.10. What is causing this ascending wedge? Is it going to break up, or down?

>> No.51371439
File: 57 KB, 528x432, ad06768a764f.png [View same] [iqdb] [saucenao] [google]
51371439

>>51370674
I see pee

>> No.51371743

Once Emin curbstomps I See Poopoopeepee with a lawsuit the price is destined to go below a buck anyway.

>> No.51371985

>I drew these lines on a chart so now I can predict the future.

Ta fags are the most retarded people in the world. It’s seriously in par with believing in those cold reading “psychics” that used to play on day time television.

>> No.51372164
File: 1.54 MB, 1600x900, John edwards and sylvia browne.png [View same] [iqdb] [saucenao] [google]
51372164

>>51371985
As I said in the OP, the odds are pretty equal that it will go either way. What is your prediction Anon? I feel like we are at the bottom, because ICP is doing well relative to BTC. At this point, it really depends more on the overall economy and the cryptosphear, as opposed to ICP itself. ICP feels like it's on the verge of taking off, but is being weighed down by everything else.

>> No.51372176

>>51370674
It’ll double bottom. That’s my bet. I’ll buy another 1500 if it hits $4 again

>> No.51372207

>>51372164
$4 then to $12 and it’ll never hit $4 ever again until a black swan event. If it doesn’t hit $4 again by the end of October a double bottom is pretty much out of the picture for me unless an unforeseen event. This all applies to the rest of crypto and if thinking the next big dump will be caused by eth merge.

>> No.51372244

is there anything more smoothbrained than doing TA on a potential 100x

>> No.51372258

>>51370674
>Ascending broadening wedges are usually followed by a bearish or downward break once they complete.

No they're not. Where do you fags get this nonsense from? It's just as likely to fly through old resistance and never look back as it is to break down. Patterns repeat themselves, but outcomes are random.

>> No.51372288
File: 233 KB, 1400x1400, FileSize1111.jpg [View same] [iqdb] [saucenao] [google]
51372288

>>51372176
This actually lines up exactly with how I feel. 1,500 at $4.00 seems like a wonderful target.

>> No.51372346
File: 56 KB, 967x610, chrome_2022-09-10_20-55-45.png [View same] [iqdb] [saucenao] [google]
51372346

Yeah here's your fucking TA retard

>> No.51372374

>>51372258
I Agree, maybe I should have said something like this instead.
>There is a 51% chance that it will go down, and a 49% chance that it will go up.
So which way do (you) think it will go Anon?

>> No.51372375

>>51372164
Lol how did you crank that picture out so fast? And I feel like short term price really depends on the merge. If it turns out to be a dumpster fire the whole market will suffer and vice versa.

>> No.51372416

>>51372244
Good point Anon. You really put things into perspective. I really need to be better at just DCAing in at regular intervals. It really doesn't make much sense to wait anymore. Timing the absolute bottom is a fool's errand.

>> No.51372427

>>51372346
Bullish.

>> No.51372498
File: 393 KB, 512x512, Gokubro.png [View same] [iqdb] [saucenao] [google]
51372498

>>51372375
>Lol how did you crank that picture out so fast?
Its amazing how good software is these days. Imagine what a person can creat with some really good AI.
>And I feel like short term price really depends on the merge. If it turns out to be a dumpster fire the whole market will suffer and vice versa.
I couldn't agree more. It's like you're reading my mind.

>> No.51372613

>>51372416
In few years from now if you can say you bought under 10 people will think you got lucky.

>> No.51372658

>>51372498
Thanks, doc.