/biz/ - Business & Finance

>>57733458
Generally breakouts explode in one direction because the traders who were trading the range had their stops above or below the range.

>>57733458
Cause everybody is drawing the same lines. You need to trade the lines instead of the line

>>57733458
Goes up a bit too much -> shorts get closed/liquidated and longs get opened -> goes up a lot more.

>>57733458
Because TA doesn't work

bobos thinking they can time the market. When it stays up for a while and starts crabbing there, that's where shorts are opened. These shorts get squeezed and literally everytime you have a single big candle like that, this is the reason. The same happens the other way as well, of course, when you have sudden red candles is because of longs getting liquidated.
So yes, this >>57733580

>>57733587
You're doing it wrong. Crypto markets are like the hard difficulty of trading though. I'd trade equity index futures first.

>>57734108
What will Bitcoin do in 1 day? To the best of your meme powers.

>>57734133
You're proving that you don't get it. I trade futures intraday on the equivalent of a 1 minute chart for scalps, since pullbacks and confirmation are only good for a short period of time. But based on the fact that there's a clear uptrend, bitcoin has a >50% chance of being green again tomorrow. That's not necessarily a high probability trade though. A high probability trade would be a clear channel, a clear measured two legs of pull back to a trendline, and a confirmation candlestick indicating the resumption of a trend.

>>57733458
What's that? Inflation rate in the US according to Truflation?