Stop Calling a Bull Trap a Falling Wedge

[Anonymous No.8826100]

This is an obvious bull trap some of these retarded TA bullfags keep on posting TA that suggests we are in a falling wedge. We had the death cross on the daily chart. We had a bearish 10 and 30 EMA cross on the weekly chart. We keep on bouncing off of ~6,700 and getting less and less air. They don't look at long term indicators like a weekly or monthly MACD and they are not looking at the short term price action. Some of the simplest TA shows that long term we are in a bear market and most people would be best served holding on to their shorts and making sure they have the margin equity to handle the stray 10-20% bounce off of resistance.

These bullfags are going to be caught unaware when the bottom fall out of their falling wedge. It is going to be worse if they leveraged without stops. Don't make the same mistakes.

[http://fnordprefekt.de/ No.8826125]

http://fnordprefekt.de/

[Anonymous No.8826127]

>>8826100
TA is a meme either way faggot.

[Anonymous No.8826147]

>>8826100
>Some of the simplest TA shows that long term we are in a bear market and most people would be best served holding on to their shorts and making sure they have the margin equity to handle the stray 10-20% bounce off of resistance.

Almost all of the TAlers learned TA from bucketeers and shovelsellers, you dont really expect people to get nuances in this "profession"?

[Anonymous No.8826185]

>>8826125
You can make more money by shorting the popping bubble. Practically twice as much if you don't use leverage. Why put out stuff that will stop people from doubling their gains by removing half the trading tools from their toolbox?

[Anonymous No.8826193]

>>8826100

[Anonymous No.8826240]

>>8826100
Prove your words with x100 short or fuck off, retard

[Anonymous No.8826247]

>>8826147
I have been teaching myself TA by drawing on charts and putting my money were my mouth is by longing and shorting. When you have some skin in the game you learn a lot real quick. But some of these guys just seem afraid to put a short on and see what happens for a week, and this is the best time for them to learn. You recognize patterns a lot more when you play both bear markets and bull markets and people are only using half their tools if they don't short.

[Anonymous No.8826302]

>>8826240
Fair enough.

I am on Kraken, the most they will give me is x5 and I have had a few close calls with liquidation as it is. I am underwater right now but I was underwater with my last round of shorts and that worked out well enough.

[Anonymous No.8826327]

>>8826247
>for a week
That is one of the main problems. Most people try to sell the "daytrader"-meme in a literal way, making people believe they can make money equal their actual wage in trading a couple of hours every day.

[Anonymous No.8826384]

>>8826327
Eventually I think I will get to the point were I could day trade profitably and I have done that in the past but my gains are more consistent any my balance moves up more when I swing trade. I lost the most daytrading the trade after I made the most. I have to build up just a bit more discipline and swing trading helps me with that.

[Anonymous No.8826392]

>>8826125
what the fuck is this sketch balls link

[Anonymous No.8826414]

>>8826125
also don't be a bitch, post that top 4% photo too

[Anonymous No.8826424]

>>8826392
It is a chart showing actual BTC price against Mcaffe's "Eat my Dick Wager." As you notice, we are below the red line which means that more likely than not unless we get a drastic reversal John will fink out of eating his own dick.

[Anonymous No.8827400]

>>8826384
I'm no pro trader, this is a hobby for me, but the meme of keep your money first, try to make money second is real as fuck. Risk management is like the one thing all the cryptogurus don't want to teach about.

[Anonymous No.8827547]

>>8827400
UKspreadbetting is a great youtube channel that has some crypto content and they are big on capital preservation. Anton Kriel and his youtube channels are constantly reinforcing risk management and capital preservation but they are bearish on crypto. With crypto the fundamentals are the same as any other trading, but the timeframe is 10-15 times faster.

[Anonymous No.8827601]

>>8827547
Will check ty.