/biz/ - Business & Finance

[Anonymous No.50730391]

Anyone good at TA here? WTF happens next on this chart?

[Anonymous No.50730427]

>>50730391
little down, then up
17.5k was the absolute bottom

[Anonymous No.50730431]

Yes

[Anonymous No.50730443]

>>50730391
$ROPE is going up.
Better buy one before you need one.

[Anonymous No.50730485]

>>50730391
first dont use binance built in charts, use trading view.
secondly no one knows what is going to happen next, every single crypto "expert" will say random shit for 1 hour just to dodge the question and eventually he will say shit like "hurrr crypto may go down but there is a probability it will go up as well durrrrrr"

use basic indicators so you could understand what other traders are looking at, indicators are useless, no information is given there, but they are also the most useful tool you can use, why?
because other faggots are looking at it as well, and using basic concepts that they have "learned" and apply it e.g "golden cross", zero use but if other faggots are noticing it they will probably place buy orders and it will move the price up.

i usually use
1.rsi
2.ichimoku cloud
3.bollinger bands
4.50,200 moving averages
5.fibonnaci
6.macd

[Anonymous No.50730502]

>>50730485
Fibonacci has been so good to me lately really love it been using that and basic trend lines to give me somewhat of an idea of what I could expect if it goes up or down

[Anonymous No.50730506]

BITFUCK GONGO DOWN

HAHA FAGGOT MUMUS GET NIGGERED

[Anonymous No.50730513]

>>50730485
This is the reality, as much as people hate TA a lot follow it so it becomes a self fulfilling prophecy. I think it's going down, how far I don't know but I'm not opening any positions on it going down. I'm just buying every time it dips below 20k.

[Anonymous No.50730519]

>>50730391
test 22700 again. if bounce then mid 24K. If fails then 20K. keep eye on daily 20SMA that's your support.

[Anonymous No.50730520]

>>50730502
Alot of nerd algo's use fib so you get alot of resistance at those levels too.

[Anonymous No.50730557]

>>50730485
>>50730513
You're actually wrong. TA is often wrong and in a lot of ways it's more wrong than it is right.

The truth is TA is nothing without fundamentals propping it up underneath.

[Anonymous No.50730598]

>>50730391
>>50730485
>first dont use binance built in charts, use trading view
if you're trading on binance OP, use binance charts. Don't listen to this retard.
Always trade off accurate data sources. Trading view provides an aggregate across all liquidity markets; binance provides the liquidity market you are currently trading on (if you're using binance).

[Anonymous No.50730600]

>>50730557
depends on what is your timeframe, i usually trade on the basis of wyckoff(fundamental) + my trading strategy, i use wyckoff on the daily charts, to have a better understanding of the market makers next big move, then i move down to the hourly charts and use the indicators i listed + bookmap to decide the entry.
so far i would say 7 out of 10 trades im successful, so saying shit like "TA is often wrong" is just a projection cope.

[Anonymous No.50730612]

>>50730598
thats where you are wrong newfag, binance charts lag behind, every rugpull ever there is a chart lag, you dont believe me? check it for yourself.

[Anonymous No.50730615]

>>50730391
When Jupiter and Mars align, the Eliot waves will oscillate, and those born under the sign of sageitarius will suffer a Kwontative easing in the form of a rugpull

[Anonymous No.50730620]

>>50730391
OG trader here. Stonks pumped,eth pumped,bnb pumped. Btc struggled with this pathetic pump. You don't realize how over it is. Leverage killed btc for years to come.See you in 2024

[Anonymous No.50730630]

>>50730391
Upward leg.
You’re welcome.

[Anonymous No.50730649]

>>50730391
on balance looks like down. but support is pretty strong here its nearly 50/50 and even then it may not move much down if it does

[Anonymous No.50730659]

>>50730649
basically nasdaq rules the day today

[Anonymous No.50730681]

>>50730659
cant be more accurate than this unfortunately

[Anonymous No.50730695]

>>50730600
wyckoff has nothing to do with fundamentals, it's just TA conjecture.
fundamentals is to see beyond the price and into the asset itself.

[Anonymous No.50730708]

>>50730659
Crypto dumped while Nasdaq pumped. When this bull trap ends Crypto will crash.

[Anonymous No.50730750]

>>50730695
>wyckoff has nothing to do with fundamentals
thats where i stopped reading, believe what you want faggot, your opinion is discarded.

[Anonymous No.50730753]

>>50730557
This is pure cope and if you have proper setups you run your winner and cut your losers.

[Anonymous No.50730767]

>>50730753
true, usually faggots who shit on TA had bad strategy from the start and probably have been burned many times, just a coping mechanism.

[Anonymous No.50730803]

>>50730750
It's literally only price action you stupid fuck. It's explicitly irrelevant to the fundamentals of the asset beyond price.

[Anonymous No.50730814]

>>50730753
>>50730767
your delusion comes from the fact, others have done the work for you and you mainly trade assets without totally trash fundamentals.

try to use your "amazing TA" on some shitcoins at poo-blockachain-#432 and see if it works.

[Anonymous No.50730820]

>>50730803
>It's literally only price action you stupid fuck
you need to have an above africa tier IQ to post here.

[Anonymous No.50730826]

>>50730820
> it's literally just a meme line of price action
> it's beyond price action

choose one brainlet

[Anonymous No.50730858]

>>50730826
lmao stupid motherfuckers like you are rare even for reddit, thank you for the keks anon.

[Anonymous No.50730901]

>>50730858
just answer the question Claire.

[Anonymous No.50731028]

>>50730391
Clearly a bear flag...

[Anonymous No.50731190]

>>50730485
how do derivatives traders make money then

[Anonymous No.50731525]

>>50730391

[Anonymous No.50731648]

>>50730391
>>50731525
Also here is my plan for the future. When the SMI closes completely with a curve upwards, not flat or kinda up, but clearly up, it has always been a good spot to buy and hold.
I would argue that even now if you don't want to TA and swing trade, just start buying after you see the next massive sell in maybe next month or the next, next one and just keep adding whenever you can.

[Anonymous No.50731678]

>>50731525
I had exact same thought about this too but maybe 28k before going down and retest.

[Anonymous No.50731717]

>>50731678
oh yeah, I just put my take profit mark there where the wick is, maybe I'll keep 20% in after selling and see if it keeps going up, I think it probably will since there is a CME gap in there but who knows.

[Anonymous No.50731750]

>>50731648
based

[Anonymous No.50731881]

>>50731678
Here is my other scenario where we go to the 21k for a double bottom and push up, so we either go to 22k and bounce, 21k and bounce, or we fail the bounce and we break down, stop loses are very important here. But either way. I'm just waiting for the 12hr Stoch to come down and see where the price is hanging around.

[Anonymous No.50731952]

>>50731881
gigabased sigma chad

[Anonymous No.50731975]

>>50730427
All of /biz/ told me 10k was the bottom... where Is everyone that said that?

[Anonymous No.50731988]

>>50730814
>Doesn't work perfectly all the time
>Wahhhh
You clearly have 0iq, go back to gambling on shitcoins.

[Anonymous No.50732246]

>>50731525
actually not a bad TA, gj anon

[Anonymous No.50732362]

>>50730612
if you put in a buy/sell at a price, binance will give you that price. you get fucked over by using binance as your liquidity market; not by trading from their charts.
Simply, trading off tradingview charts won't change the price binance gives you.

It definitely makes sense to use aggregate charts to inform you on the overall market; but you get what binance gives you and you can't change that.

[Anonymous No.50733318]

>>50730502
This
I used so many other indicator before but fib gave me the most consistent returns

[Anonymous No.50734111]

>>50730502
>>50733318
I've been getting rekt recently, any examples you could share from one of your trades?

[Anonymous No.50734510]

>>50734111
I usually use .705 and .786 as entry points and set my stoploss below the last swing low, you should pay attention to the market trend on higher time frames to decide if you will long or short after that you can go to low time frames to look for a entry. You will be wrong and that okay if you know how to manage your stoploss risk you will come out on top long term.

[Anonymous No.50734583]

this thread is the lone business & finance thread here rn. Learned stuff.