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/biz/ - Business & Finance

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File: 373 KB, 1450x729, rainbow.png [View same] [iqdb] [saucenao] [google]
51379325 No.51379325 [Reply] [Original]

tell me anons

>> No.51379339

>>51379325
you could literally draw this rainbow by drawing some big number ema in the 1000s and then drawing lines at an offset from it positive and negative. its well calibrated but it exists to be gamed and broken

>> No.51379372

>>51379325
It already failed in your pic, OP, broke below the band twice.

>> No.51379431
File: 178 KB, 1811x809, 123.png [View same] [iqdb] [saucenao] [google]
51379431

>> No.51380320

>>51379325
All technical analysis is bullshit. Fundamentals are the only thing that matters.

>> No.51380351
File: 763 KB, 728x710, 439826423.png [View same] [iqdb] [saucenao] [google]
51380351

>>51379325
Yes it's pure copium because it keeps getting lower returns, next cycle we might peak at the HODL phase only.

>> No.51380386

>>51380351
Think of it as a vibration or s sound wave.
The beginning snap back from a rubber band creates the largest rebound... similar in a sound wav file on your computer. The initial few peaks are the highest after the first big peak because its rebounding with the most energy. As time goes on the rebound becomes duller and duller until tly get back to flat baseline.
It's the easiest way to visualize this. So yes. hodl band might be the next peak