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/biz/ - Business & Finance

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23165613 No.23165613 [Reply] [Original]

How do you interpret all of this crap?

>> No.23165627

>>23165613
after staring at that chart every day for 3 years straight, you'll know exactly what all that shit is

time starts now

>> No.23165629

you don't

>> No.23165650

>>23165613
Just pirate Philakone's courses, watch those, and get mugged a few years later.

>> No.23165668

>>23165613
practice.

>>23165627 is right

>> No.23165675

learning

>> No.23165732

You guys look at charts?

>> No.23165746

>>23165613
we bull now

>> No.23165764

>>23165613
Read books, which videos, re learn shit you forgot. Repeat.

>> No.23165787

>>23165650
Where fren?
Thought trading charts in especially crypto is a big meme. Anons often tell that about forex, so why it should work in crypto?

>> No.23165806

>>23165613
There's hardly any info

>> No.23166490

>>23165787
I got a link along with a key to a mega drive of one, so I can't share it as it's good for one person only.

Lurk in good /biz/ discords, people usually have good resources. Alternatively, you could dish out $200 for a Philakone course, but he only sells 10 a month since he wants to be 'exclusive'.

He did get mugged a few days ago and can't speak anymore, so idk how he's gonna make more videos.

Also, I have never touched stocks in my life. IMO crypto has much more volatility, so you can 'make it' easier, but losing is much more harsh. Crypto is where you can make 5% in a good few hours, or lose 5% as well.

If you gain 5% a day, you basically double your money every month. Of course, there are stocks that do the same, so it's up to you. If I have one more piece of advice, look up how maker/taker fees work so you don't get jewed out of ~0.5% on trades.

>> No.23166548

>>23165787
Oh, one more thing. Technical analysis is legit. There are growing pains where I advise you paper trade or only trade with a $100 account to learn with. At some points, I lost all faith in myself, but now I can confidently place trades. It's really a battle of emotions, while having a drive to learn how to read the market.

>> No.23166560

>>23165613
it doesn’t mean anything. just there to look cool. like a crypto spectrum analyzer. don’t fall for the ta meme.

>> No.23166612

>>23165613
It's called Bart and BTC will dump back to 10k in a few days. This happens literally hundreds of times before.

>> No.23167148

>>23166612
Past doesn't dictate the future, but I do agree with you. BTC will probably dump opening bell on Monday. Afterhour pumps never seem to have staying power for BTC. Only time will tell for boomer coin.

>> No.23167436
File: 422 KB, 2559x1227, Capture.jpg [View same] [iqdb] [saucenao] [google]
23167436

>> No.23167526

>>23165613
top right chart is price action, wicks represent highs and lows, bodies represent open and close, green candles mean close was higher than open, red bodies bean close was lower than open

mid right chart is depth, it's a cumulative representation of the table you see on the left, which is called the order book, mid market price is a weighted average of the lowest ask and highest bid, right bottom space is your open limit orders, of which you have none

the order book is a table representing bids (buy orders) in ascending order and asks (sell orders) in descending order, think of how an actual market for goods and services would work in real life, buyers walk to up to sellers they both give offers and they get closer and closer until they reach an equilibrium, the more liquid the market the more smoothly and quickly this happens

the orders on the book are known as "maker" orders, when you "market" buy or sell you are placing a "taker" order, taker orders are what drive price action

>> No.23167547

>>23165613
order book is great for seeing resistance points just set your targets at the resistances or under the resistances

>> No.23167732

>>23167547
How do you determine the resistance points from the chart?

>> No.23167746

>>23165613
farm ZETA and not worry about the little things maybe?

>> No.23167799

>>23165613
I dont. I just hodl. Didnt even look at your pic, im just assuming its link

>> No.23167864

>>23167732
You look at the order book and it should tell you how much money is currently sitting at an order point. If its a lot, you know it will be tough to rise or drop below that certain point.

>> No.23167865

It's actually very useful and easy to navigate UI.

Just don't look at everything at one moment, look at only what you think you need right now to make any, what you think, profitable
trade, you can just do blind baby steps and at some point you will start getting this charts.

It took me around 2 month to get all of the charts (I had zero experience in trading before and never used any kind of trading software).

>> No.23167879

>>23167732
it seems to be called market size on your UI and theres a convenient bar there all the way on the left. Big bar= strong resistance point.

>> No.23167908

>>23167879
don't rely on this too much for smaller exchanges or coins will small volume. Whales like to put fake walls in and pull them at the last second.

>> No.23167911

>>23167732
hello market maker you lying fuck

>> No.23167920

>>23167911
meant for>>23167547

>> No.23167929

>>23165613
It's all meaningless. MMs can pump/dump this shit at will.

>> No.23167958

>>23167908
Volume does help, but I agree that it's useful only locally and within small markets.

Of course, how you can expect exchange to provide you resistance from all sources?

But for alt coins it's very informative. I did sometimes, just for fun, broke resistance points on coinbase within markets with small capacity and saw immediate reaction on all exchanges.

>> No.23167975

>took me 2 months to finally learn how to profit from day trading
t. Someone who has been trading for 5 months and will be bust in 5 more
Successful longterm traders do not swing trade daily, weekly, or even monthly. They rarely make trades and only on sure things that are obvious to go up. If you're a poor newfag you should just be all in LINK, ETH, or BTC depending on which one you really want to dive into and you shouldn't be purchasing random garbage shit off binance that you have no idea what it does or how to work with it because your lines told you to. Traders do not win in the long run, YouTube traders and (((influencers))) make money by influencing most of their trades are just play money or they regularly make enormous losses like portnoy because they're retards that show up late and then gamble by leveraging on short term price action.

>> No.23168033

>>23167975
If your post addressed to me - then you have to reread my post again. I don't do day trading, but charts and exchanges are open all the time. Usually I keep one stack for 3weeks - 2months.

You are right only in one thing - I don't care about project itself, I usually buy undervalued or dumped coins with 50-60% discount and wait for 2-3x on them and dump them back.

>> No.23168047

>>23168033
I would add even more, I would trade tulips or horse shit if I could. I consider myself as a trader, and not a fan of internet coins.

>> No.23168067

Just throw money at it til it makes sense.

>> No.23168094

>>23168047
I didn't read your post since I think traders of your nature are retarded and will not become as rich as the wisdom I have imparted will make you should you follow it. I was just responding to the thread with the best knowledge I could find that was relevant. Sure if you pick out specific pokemon cards that are currently undervalued you might be able to flip them in 3 months for a 2x, but simply holding chainlink and doing nothing I have gone from <$8k to >$100k in two years. It is unlikely you can achieve this via chasing 2x pumps. I also purchased a decent amount of BTC and ETH at low prices and have big percentage increases, but it would be a mistake to sell.

>> No.23168169

>>23168094
It's different strategy. The thing is - most of the coins with great project and team just die out and you never know what will make 10-100x in the next years.

If I knew or was sure - I would definitely just hold.

But there are no bullet proofs here.

In the last 5 months there were around 9-10 2x+ rallies to make 2-3x only on coinbase listed coins. So starting with 10k, investing in coins in their early listing or after dumps would bring you around 250k by now.

The thing is, you could have invested 1000$ in bitcoin 10 years ago and have a fortune, or it would just die out and you would have nothing.

There is no right strategy here. All cryptomarket can vaporize in one month and everybody, both holders and traders, all will be left with plain zero, no one knows.

>> No.23168544

>>23166548
thanks anon this helps me a lot, as ive been discouraged by anti TA shills

>> No.23168567

>>23167975
XMR is also good imo, i am a poorfag aswell diversification is a meme when youre poor

>> No.23168577

>>23165613
this thread is a gem in a sea of paki poop

>> No.23168595

>>23165613
Genuinely the easiest 10x long leverage of anyone's life. This is where people get rich

>> No.23168638
File: 7 KB, 230x219, 1584744429775s.jpg [View same] [iqdb] [saucenao] [google]
23168638

>>23168595
yes, long into sell wall anons, village no food or shoe, do needful sirs

>> No.23168647

>>23165629
spbp

>> No.23168751
File: 134 KB, 640x640, 1547803422126(1).jpg [View same] [iqdb] [saucenao] [google]
23168751

>>23168638
>Thinking sell walls are bearish

You bought in 2017 didn't you

>> No.23168947

>>23168751

no I mined in 2010 you fucking clown

>> No.23169459

>>23168947
>believing your own delusional larp

so pathetic, just kill yourself

>> No.23169636

>>23169459
You don't remember when you had to use your real name when creating a wallet, do you anon? Bitcoins were sent IP to IP, anon. No addresses anon. But you wouldn't know that, would you anon.

>> No.23169655

>>23165613
bullish

>> No.23169959

>>23165613
just DCA in anon, don't trade

>> No.23170047

>>23167547
>order book is great for seeing resistance points just set your targets at the resistances
But these are fake and removed by whales time to time... it's pointless to look at them...

>> No.23170067

>>23165613
it's the price of the coin over time. What's there to interpret exactly? Just buy when it costs little and sell when people pay you a lot more lol

>> No.23170123
File: 17 KB, 1435x117, Screenshot_20201010_133754.png [View same] [iqdb] [saucenao] [google]
23170123

>>23165650
This is the only one I could find, and it's a torrent from 2 years ago

>> No.23170201

>>23165613

There's really not that much info there you braindead retard,