Why does this look like Rising Wege? The Bearish Price Movement.

[Anonymous No.50916401]

I'm learning these patterns and supposedly Price makes this kind of pattern where Big guys trap breakout traders by moving price above previous high and then selling their loads, which makes a wedge like pattern called rising wedge, and symbolizes a market where buyers are not coming to buy and sellers are selling whenever they find the buyers.
What do you think about this?

[Anonymous No.50916442]

>>50916401
Sell. You have 4 hours and 11 minutes.

[Anonymous No.50916444]

>>50916401
I think we will crash in September like we always do.

[Anonymous No.50916455]

>>50916444
trips wasted on lies, ngmi

[Anonymous No.50916465]

>>50916444
>444
>Checked

[Anonymous No.50916467]

volume is flat across the entire pattern and volume in the last fours months is higher than in the preceding four months.

[Anonymous No.50916471]

>>50916401
It's not, it's litteraly a double-u bottom, followed up by a basic ABCD, if you trace a fibo extension, you'll see our goal is 26k

[Anonymous No.50916579]

>>50916471
26K Looks difficult

[Anonymous No.50916595]

>>50916467
What does that mean?

[Anonymous No.50916601]

>>50916401
>>50916579
Only the newest of newfags think TA is a legitimate thing. It's never out performed random guesses over a reasonable period of time. Arguing for it is essentially arguing for the merits of astrology and rain dancing.

[Anonymous No.50916613]

>>50916595
a classic bearish rising wedge has a falling volume profile. basically buyer exhaustion, hence the drop.

[Anonymous No.50916638]

>>50916601
Why is it wrong if I try to buy this memecoin with fewer number of dollars?

[Anonymous No.50916644]

>>50916613
Before someone says muh binance fees volume is consistent across all exchanges. Most of the daily volume outliers have been bullish

[Anonymous No.50916665]

>>50916638
>Looks at histogram.
>Think you can divine the future form it by drawing lines on it.
Ignoring the studies that has disproved the efficacy of TA. Justify that logic. If it works why do we need weather balloons etc when you could just do TA on a temperature histogram to predict tomorrows temperature?

[Anonymous No.50916685]

>>50916613
Is it happening now?? Looks like it though.

[Anonymous No.50916716]

>>50916665
the sun is shining, clear skies, will it be warm today? will next summer be hotter than winter? we don't need weather balloons kek, stop shilling for big meteorology

[Anonymous No.50916735]

>>50916665
I don't use TA for some line magic shit. It doesn't predict anything perfectly.
I'm not trying to perfectly predict price, I'm only trying to understand what market participants are doing right now, and right now by the looks of it people aren't buying. So, if i see that people aren't buying enough then it's easier for me to make the decision.
If suddenly money flows inside then TA breaks and the fact that TA broke is the evidence that money is getting in, and the very information makes it easier to decide. No?

[Anonymous No.50917064]

>>50916665
Whats the study, curious about the methodology. Was it 1000 randomfags trying to TA? I mean its like asking 1000 randoms to play tennis and saying tennis is an unplayable game and the ones that managed to send the ball vack just got lucky (outliers)

[Anonymous No.50917345]

>>50916716
>stop shilling for big meteorology
jew fears the window weather observer

[Anonymous No.50918386]

>>50916401
>Why does this look like Rising Wege?
Because it is.

Will reject at the EMA 100