/biz/ - Business & Finance

>>9602755
just draw a new line - that's the secret to astrolo... err... i mean technical analysis

muh TA

you won't know until it finishes climbing up. if it breaks up past the half way mark it'll probably retest the upper bound again. if it struggles at the middle and doesn't cross it, you've got a new downward channel forming.

>>9602755
it means the trend is strong because it fell under it then springed right back

if it closed beneath the trend line, then the trend is invalidated or the decision point is occurring

Top wicks mean selling pressure. Bottom wicks mean buying pressure. Higher lows mean support holding. Higher highs means more price movement up is possible.

lines

>>9602832
Lower highs after a new ATH could mean trend reversal down depending on RSI status.

>>9602856

ya this tiny slice of a chart isn't enough information to go on. could mean different things depending on what it looks like zoomed out.

>>9602755
It means it was a fakeout, you can see on this picture that after this candle it went up again. You don't ignore it but you don't need to change the trendline aswell.

>>9602755
it means it’s unironically over

>>9602863
>what it looks like zoomed out.

>>9602755
>what does it mean when it wicks
it means nothing because ta means nothing

>>9602755
it means:
no when dump
yes when pump
buy more!
you buy
more

>>9602873

why is it every single coins seems to have the same wedge? is the golden bull kicking off mid June? dafuq is up?

anyway, ya you can autistically follow the charts to track it back up but I'd suspect its still game on. BTC has been all over the place lately so its bound to have dipped a bit below where you'd expect to find support.

>>9602911
>why is it every single coins seems to have the same wedge? is the golden bull kicking off mid June? dafuq is up?
I don't know man but I think we're going to see an alt rally followed by BTC ripping our faces off to $60k. I also think this could happen in the next few weeks.

Oh, I meant to say
Qwhat time scale is OP's graph in?

>>9602940
Always D

>>9602943
What do mean D?
I always give the
>oh who's that behind the busch?
???
>it's Chris Hanson
.....

>>9603000
you know what i mean

>>9603106
what do I mean?

>>9602911
tightening of price range is indicative of impending breakout. You won't know which way but you can be reasonably assured that it will break eventually. Smaller the range, the sooner the break. This is one of the most basic and reliable indicators in TA. So, using stocks as an example, if you see a decent company's stock trading like this over time, the sector the company is involved with is generally thought to have positive upside, and there is a history of volume moving in when breakouts occur, you can assume that the break will likely be upwards and probably violently so.

>>9602755
If it closes above the trend there is still hope. If it closes below it, you better fucking hope someone with more money than you wants to keep the dream alive.

>>9602933
I expect this (not your dumbass number) but sometime relatively soon, after all hope is lost by new blood (Dec onward), I expect BTC to facefuck the weak handed cucks. Gut feeling.

>>9604192
you still here?

>>9604111
all the best posts happened after I left

>>9603686
You know what I meant you dirty pervert.