TA Post: Incoming Drop

[Anonymous No.8916665]

We have clear divergence on the MACD and RSI and price action from the timeframes of 45m to the 4h charts. We have a bearish rising wedge developing. We are still under the death cross. All of this points to a break to the downside between here and the next 12-14 hours. Normally, the sooner a rising wedge breaks down the more the bears are in control and the greater the drop will be.

If we see the price action going deeper in the channel (by both height and time) the chance it will break down is reduced, as is the SWAG we would put on the severity of drop. In other words, the sooner this breaks down the more likely this will be to reverse all the gains over the last few days or go even deeper. If we rise higher and higher into the wedge it is more likely to break down and consolidate. As this divergence is on the higher time frames (for crypto, at least) and we are oversold on every timeframe of the Stochastic from 4h to 1d we are probably going for quite the ride down.

Bull should tighten their stops, bears should look at getting in short or setting leveraged stop sell orders to enter if there is a drop deep enough to get them interested. If this rises deeper into the wedge then some buy stops can be placed in case it breaks up. Day traders can try and play the climb deeper into the wedge but that is risk as fuck.

A key concern is rising wedges normally occur off a red flagpole, not a green flagpole. But clearly the bulls are unable able to establish a rising channel and the RSI/MACD divergence is visible on almost all meaningful timeframes for crypto.

>If you saw the last post a few minutes ago I deleted it as I uploaded the wrong image.

[Anonymous No.8916713]

How often do you like to post the same copy pasta? GTFO

[Anonymous No.8916748]

ye, once propfinex pulls the support this shit is going to 5k. no ta needed, just look at the recovery walls finex keeps throwing up on any attempt at a dump

[Anonymous No.8916809]

>>8916748
Do you have an time efficient way of monitoring the order books? My pattern recognition is getting better and better for TA but watching order books seems very time intensive.

[Anonymous No.8916863]

>>8916809

alerts on any big volume/% change downward is when I start to watch the order books.

[Anonymous No.8916866]

>>8916713
1) I said the last post was deleted because I put up the wrong image
2)the reasoning behind the rising wedge remains the same. The reasoning behind price divergence remains the same.
3) Repetition helps people who are shit at TA or disbelievers see that some of the simple tools actually work. The longer the timeframe you see the divergence the greater generally the drop will be. We had some early divergence on the RSI that redicted one of the dips to support in the rising wedge. We are at the point on the 4H that this most likely break down almost completely.

[Anonymous No.8916967]

>>8916665
Doesn't mean we'll make lower-lows...
> pic realted

[Anonymous No.8917011]

>>8916967

who knows, nobody could have predicted the pump a couple days ago going as high as it did, we could dump just as far down or further.

[Anonymous No.8917107]

>>8916967
As I mentioned above, the longer the timeframe you see the divergence on the greater chance you will drop further. This divergence is clear on the 4H chart.

[Anonymous No.8917191]

>>8917107
Funny, I don't see any divergence on the 12hour, so there goes your theory.

[Anonymous No.8917218]

>>8916665

[Anonymous No.8917236]

>>8916665

[Anonymous No.8917401]

>>8917236
I can't make volume fit on a daily chart and I have tried. For BTC, on some alts maybe.

[Anonymous No.8917456]

>>8916967
bearish divergence merely shows an advance is weakening
I like to short those during consolidation periods to add to my stack, but it's important not to be greedy - exit once you see signs of strength
I'm waiting until a major rejection before entering a large short position.

[Anonymous No.8917518]

>>8917456
I think context is also important. This was a clear short squeeze. Major regulated institutions have been fined hundreds of billions of dollars for stop hunting their own clients. The exchanges, especially bitfinex, have the data on where the leverage is and can model the greatest bang for the buck.

This rally was coordinated. Bearish sentiment was at a literal all time high. When this wedge breaks, and the divergence backs up that it will break down, the bearish sentiment will be great. Everyone will be looking for sub 6.7k right out the gate.

[Anonymous No.8917525]

>MACD and RSI
babbys first indicators, kill yourself

[Anonymous No.8917530]

>>8917518
Hundred of millions, sorry

[Anonymous No.8917582]

>>8916665
thanks just sold 100k

[Anonymous No.8917633]

>>8916665
>>8916967

do you have any comments on the obv showing bullish divergence on the daily?

[Anonymous No.8917739]

>TA
just fucking stop, a single group of persons could pump the price to 9k right at this second if they wanted (and have enough $$, which they do ), price could go down or up, and no TA can predict that, you are gambling

[Anonymous No.8917782]

>>8917633
First I want to rebuke you for being an inconsiderate faggot and not posting your own screenshot.

Second: I see the RSI acting as a ceiling here which is leading to lower lows. I got that idea from a youtuber and so far it makes a lot of sense. We don't actually see bullish divergence on the MACD. We actually see after New Years a sharp downtrend in price and a moderate downtrend in the MACD. If the MACD and RSI bounce off of their respective ceilings like we did the last several times since January we are going down very soon.

[Anonymous No.8917800]

>>8917530
I agree but on higher timeframes they are more reliable. I am stubborn to admit this but too many faggots are right with them to pretend otherwise. But yeah fuck those indicators.

[Anonymous No.8917862]

>>8917525
If you want to ignore fundamental TA then fuck off. You don't even have a rebuttal as to why the TA is wrong.

[Anonymous No.8917953]

>>8917739
everything is gambling, theres more chances of something happening tho

[Anonymous No.8918295]

>>8917782
well fuck you too Mr. high and mighty, why don't you climb off your high horse and stop rebuking us lowly plebs for a second, and while you're at it, maybe you could also answer the question I actually asked dipshit. I'm talking about the OBV a volume indicator and how it seems to have a nice upward sloping trend despite the lower prices indicating a bullish divergence.
also of note is the bullish divergence formed from the lows of your RSI there

now please, kindly fuck off
clearly there is little interest in what you have to say

[⋆Anonymous⋆ No.8918537]

>>8917782
which youtuber?

btw this is just standard TA and has been analysed from all possible angles all weekends and it's basically just a waiting game to see what happens next week

[Anonymous No.8918766]

>>8918295
There has not been any divergence in the last 45 days. The peaks of the prices are decreacing just as the peaks in the indicator are decreacing.

The lows are getting higher as the lows on the price action are getting higher. And, since you included a screencap after my rebuke I can put my edits on your chart and we can proceed from the same page.

Take some time and think on this. If I didn't rebuke you then you likely would go on making the same loweffort post over and over again.

[Anonymous No.8919048]

Please keep posting your opinions about the TA guys. This is the first thread on here where I'm actually learning something.

[Anonymous No.8919081]

>>8916665
>>8916967
>>8917236
>>8918295

Where is PoS/PoL? (Proof of Short/Proof of Long)
Reminder to not trust any TA fag that does not show his LEVERAGED positions that concur with his analysis.
If he doesn't trust his money with his TA it's because it's not worth a shit.
>"but I don't like gambling"
So TA is not that solid if it's a gamble for you then?
Anyone can hold, not everyone can net profits on leverage and avoid liquidation until cashing out, it takes real skills and balls, because you can not afford to be wrong or you'll lose all your money, unlike when you're not on leverage.

[⋆Anonymous⋆ No.8919139]

>>8919081
sorry sir are you mentally deranged by any chance

[Anonymous No.8919153]

>>8919048
Glad could we could help.

[Anonymous No.8919177]

>>8919139
Its a pasta, filter it and leave it be. Also yeah keep the TA going this is better than the usual trash threads we get

[Anonymous No.8919318]

>>8919139
That is a copy and paste job that you can ignore. If you post anything they just throw more shit at you. If you are in the green they call you a faggot for wanting to be deeper into profit. If you are in the red they call you a faggot for being in the red even if your hands are strong as fuck. How do I know? because I have posted my order sheet in the green and in the red and 4chan acts like cunts no matter what and it ends up a distraction.

biz will bitch about what timeframe you use, what exchange you use, all while ignoring your TA.
Post an idea for a daytrade?
>Faggot for using 15 or 45m candles.
Post using timeframes for a swing trade?
>Still a faggot.
Longer time periods?
>Faggot for not knowing crypto moves 15x faster than traditional stocks.
If you use fundamental TA indicator
>Faggot for basic TA
More Advance TA
>faggot for trusting TA

[Anonymous No.8919485]

>>8919139
>>8919177
that's right, hide/ignore the truth.

[Anonymous No.8919622]

>>8919485
Be serious. As a rule of thumb 90% of margin traders lose 90% of their positions within 90 days. People pushing the Margin meme are probably either useful idiots or shills for the exchanges and they are going to get people to trade beyond a level they are capable at.

If someone is looking to buy a dip without leverage there is no position for that, but the TA is fundamental. If someone has just started trading as still dealing with the emotions of losing and gaining money right out the gate they need to improve their skills before they start putting on leverage.

Lots of respectable traders say don't use leverage for crypto. Guys that have been trading it for years and have years of trading videos to prove they have been trading crypto for years advise against using leverage on crypto.

Let people learn at their own speed.

[Anonymous No.8919642]

[Anonymous No.8919721]

>>8919622

Do you post your TA analysis anywhere else? On Trading View?

[Anonymous No.8919825]

Divergences are weak indicators. Death cross is a meme. RSI can remain overbought for weeks during a rally.

That being said, we'll look at 8800. Could break down, but if it does i expect it to stay above the downtrend channel.

[Anonymous No.8919851]

>>8919721
I post here and on tradingview. I don't cross post the same TA because I like being anonymous. The funny thing is sometimes I have called a formation pretty early on biz (I am good at pattern recognition) and then see it 12-16 hours later on Tradingview. The annoying thing for me is my calls on biz are usually more accurate than my calls on tradingview.

I like biz because they don't pull punches. I hate biz because it is filled with faggots that quibble over timeframe and what exchange you use. I don't like tradingview because it is cluttered with faggots like DarkEnergy and MPC that use the platform as their blog but it is lacking faggots that don't quibble on other subjects. Tradingview will actually understand that you are using 15 or 45m candles for a day trade but here they just roast you out of sheer ignorance.

[Anonymous No.8919918]

>>8919851

I get what you mean about biz. It's a love/hate relationship with this place. You get 100% unfiltered honesty, but also 100% unfiltered faggotry too.


Would love to follow you on Trading View. If you can email me your username on there, that would be great. I won't share it.

[e-mail]

[⋆Anonymous⋆ No.8919967]

>>8919825
>Divergences are weak indicators.
They're one of the better ones if they confirm among different time scales. What do you use?

[Anonymous No.8920088]

>>8919918
I appreciate the gesture but like I said, my anonymity is really important and I actually post more here anyway.

[Anonymous No.8920150]

>>8920088

Alright man. I get it. I just really like your explanation style and I've learned more from you today than in the past year on here in other TA threads.

If you change your mind, you have my info.

[Anonymous No.8920223]

>>8919825
The problem with any moving average cross is people need to take the quality of the cross into account. If the cross is happening with very sharp angles then you can use that deathcross a lot more than a death cross that occurs at shallow angles.

Notes on death/golden crosses
>http://systemtradersuccess.com/improving-the-moving-average-crossover-system/

[Anonymous No.8920236]

>>8920150
If you have connections with deep pockets that can pay me you should let me know now.

[Anonymous No.8920284]

OP, ur wedge is correct, but the drop wont be anything substantial. We will go to 8k-7900 max. And stop posting ur TA here, these brainlets wont appreciate it anyway, let them buy high and sell low.

[Anonymous No.8920439]

>>8920284
I am better at finding TA formations than I am at finding resistance and support lines. Plus time is limited so I just use the pivots supplied by Tradingviewsp so I specialize what I am already good at.

We are in a "bart." We have divergence on the 4H with price and RSI/MACD. Volume certainly isn't keeping this price up for much longer. Any one of the pivots in the screenshot have a high potential for gains for anyone that leverages in.

The more I post TA the more I see what others use and why it does or doesn't work. I rarely get people telling me my TA is flagrantly wrong so it works as a confirmation check. Everyone wins (hopefully I win more than the faggots.)

Do you have a better price point? Camarilla Pivots have been pretty accurate recently and there is a lot of money to be had if we slip 20%-ish (which is pretty common).

[Anonymous No.8920919]

>>8920236

I don't have connections to deep pockets. I'm a wagecuck trying to learn TA well enough to earn a humble living trading bitcoin and eth.

[Anonymous No.8920972]

>>8920439

Please keep posting your TA my friend. You are honest. Are there days/times when you are likely to be posting your TA on biz? I want to set alerts to find your future posts on here and continue talking.

[Anonymous No.8920987]

>>8916665
Death cross is like soooo 30 days ago

[Anonymous No.8921020]

>>8920439

Which pivots are these? I'm looking in the pivots list on trading view......

[Anonymous No.8921258]

>>8921020
If you click more on "show more" the link will take you to a list of indicators. Pivots are at the bottom of that list. DYOR on each pivot system.

[Anonymous No.8921304]

>>8920972
I only post TA here if I find something interesting. I don't usually hang out in a thread as long as I have today but this is the weekend. Sometimes I will post some TA and after 10 or 20 mintutes I just get called a TA Fag and the thread dies. Sometimes this is worthwhile.

I might be shitposting at any time. I might have called you a faggot here or in pol or fit the last week, there is no knowing.

[Anonymous No.8921340]

>>8920223
>>8917518
It doesn't matter whether the pump from 6.7 to 8k was organic (bears panicked and began closing their shorts after the small dip to 6.7k immediately bounced), manipulated (exchanges stop-hunting traders), or a combination of both; what matters is that the price went up (and that the advance looks like it is slowing down due to traders' fears of being Barted).

Wyckoff Theory:
-Treat all movements in the market as if they were the result of one entity (Jews/Bogs/Whales/etc)
-The objective of the Jews is to make as much money as possible.
-It doesn't matter if market moves are real or artificial; that is, the result of actual buying and selling by normalfags or wash trading by the Jews.

In fact, given that the number of shorts is publicly available data the "organic" theory is more likely.

[Anonymous No.8921368]

But it just broke the 8350 resistance?

[Anonymous No.8921396]

>>8921340
>It doesn't matter whether the pump from 6.7 to 8k was organic (bears panicked and began closing their shorts after the small dip to 6.7k immediately bounced), manipulated (exchanges stop-hunting traders), or a combination of both; what matters is that the price went up (and that the advance looks like it is slowing down due to traders' fears of being Barted).
>Wyckoff Theory:
>-Treat all movements in the market as if they were the result of one entity (Jews/Bogs/Whales/etc)
>-The objective of the Jews is to make as much money as possible.
>-It doesn't matter if market moves are real or artificial; that is, the result of actual buying and selling by normalfags or wash trading by the Jews.
>In fact, given that the number of shorts is publicly available data the "organic" theory is more likely.

This makes a lot of sense to me, probably because I'm simple minded and like to frame things in the simplest terms.

[Anonymous No.8921709]

>>8921396
A lot of TA does not make sense if it is viewed as a single actor. Wedges, accending or decending triangle, are all best viewed as either the bulls or bears being stronger. But in the back of our heads we need to be thinking what market makers/whales might be able to do.

In the case of this pump the easiest thing to believe is bitfinex stopped hunted their own clients to decrease their liability, increase profit, and to take the other side of the order. So that one move was due to one bad actor but the rest could be pretty organic.

[Anonymous No.8921713]

>>8921368
are you retarded? do you know what "resistance" means? how tf is there a resistance at 8350?

[Anonymous No.8921780]

>>8921368
The overhead resistance moves up, but at a slower rate than the support. The OP has this thing potentially reaching 8.6k before breakdown.

[Anonymous No.8922105]

>>8921709
>A lot of TA does not make sense if it is viewed as a single actor. Wedges, accending or decending triangle, are all best viewed as either the bulls or bears being stronger. But in the back of our heads we need to be thinking what market makers/whales might be able to do.
>In the case of this pump the easiest thing to believe is bitfinex stopped hunted their own clients to decrease their liability, increase profit, and to take the other side of the order. So that one move was due to one bad actor but the rest could be pretty organic.

Thanks for this input. I was guessing that a single entity probably stopped out a bunch of people to cause the pump.

I'm also thinking that a single entity is going to do a big dump at the end of the week, after the news headlines on monday tell people that bitcoin is back above 8,000 and some people start FOMO'ing in again.

[OmegaMaker !i6apW.sJiU No.8922559]

and then the bart happens l0l bull cucks blown tf out 8k broken in 1 market sell

[Anonymous No.8922675]

>>8922559

I know. I just saw the Bart. I was laughing my ass off.

[Anonymous No.8922712]

>>8922105
We are dumping right now. We stopped a bit below my rising support, I would think we would get a bit more but I am sure over the next few days we will burn off a lot.

[Anonymous No.8922761]

>>8922712
>but I am sure over the next few days we will burn off a lot

What do you mean by this?

[Anonymous No.8922770]

>>8922675
In the big scheme of things this was a small drop. Hopefully we will burn off a lot more over the next few hours/days/week. We were massively overbought on almost every chart so I would like to be oversold on the 4h to 1d charts by the time this is done. but that is hope, not analysis.

[Anonymous No.8922864]

>>8922761
By burn off I mean the gains will be reduced to ashes. We may drop down in steps for several days. The 4h charts going back to mid March show a bit what I am talking about, with plateau, step down, plateur, step down, sharp dip and bounce out.

The colorful indicator is the Hull MACD. That is a lot more sensitive than the Normal MACD and so it can give a lot of fake signals (such as that spike right before the pump) . But right now the normal MACD is pointing down and the Hull MACD is cresting. When both are decreasing on these time frames we ususally get the biggest drops. I hope to see steady losses while the Hull MACD goes down and the normal MACD goes down as well. The normal MACD might move sideways or pump a bit on the way down but it should generally move to zero if the market makers don't decide to get reckless.

[Anonymous No.8922963]

Nothing to get so dramatic about
just another Bart Simpson.

that was a haiku,

uptrend will continue -screenshot this-

[Anonymous No.8922987]

>>8922864
15 min rsi shows a pretty strong support spike, will wait it out but this is a bullish signal to me.

t. a bearfag

[Anonymous No.8923006]

>>8917739
People with that kind of money don't generally fight the tape, or they won't have that money for long.

[Anonymous No.8923008]

>>8916665

Post pump retracement in the most manipulated market on Earth. We've ALREADY found support - sideways for a few hours, then another bart. Why? Cos they're getting ready to lure back the normies......need dem normie bagholders anon.

[Anonymous No.8923015]

>>8922963
I hedged about 20% an hour or so ago just to be safe. If i loose out on a little bit of gains so be it. If it goes down i just get more corn for free.

[Anonymous No.8923062]

>>8922987
The pump up intense but was artifical. This is going to step down organically. As this steps down the RSI will bottom out, the price will stabilize, then the RSI will drift towards 50 again. Then the price will dump, RSI will bottom out and then price and RSI will stabalize, then price dumps again., rinse, repeat and we are hopefully below 6.5k.

[Anonymous No.8923190]

>>8923062
>rinse, repeat and we are hopefully below 6.5k.

Kek, how short you gone? Confess.

[Anonymous No.8923207]

>>8923062
you seem to have missed my point, the type of market segment can be predicted by how the RSI bottoms out

[Anonymous No.8923235]

>>8923207
market sentiment, as in bear or bull

[Anonymous No.8923524]

>>8923235
We might be talking cross one another. You are talking about sentiment, and I am talking about how natural the movement is. Symetrical triangles and rising wedges occur during steep price drops as bull step in to buy the dip or maybe daytrade/scalp. The RSI bounces off of ovesold and moves to zero during this sideways action.

The RSI movement on a few candles on the 15m will look completely different if it is organic movement of thousands of traders over several exchanges than if it has a few market makers stop hunting with insider information.

Plus, the bots will be at action working on these drops and these sideways movements. That does not happen when the exchanges turn off their bots to make the market move.

[Anonymous No.8923555]

>>8923190
Oh, I am hella short. Momma need a house, and baby need shoes, an Imma tell you what I'm gonna do.

Hustle. Hustle. Hustle Hard.

[Anonymous No.8923658]

>>8923555
Fuck lambos. You'll wake up in a new bugatti once your shorts complete

[Anonymous No.8923764]

>>8916967
WOW, REALLY FUCKING SHOCKING TA DISPROVES TA

IT IS ALMOST LIKE THEY ARE JUST GUESSING AND DON'T KNOW WHAT THEY ARE TALKING ABOUT OR SOMETHING

MEME LINERS SHOULD BE BANNED FROM LIFE

[Anonymous No.8923771]

Help how do I get back to the candles and wicks?

[Anonymous No.8923790]

>>8916665
in other news, bitcoin will hit 10k before EOM quite easily

[Anonymous No.8923798]

>>8917456
IT DOES NOT SHOW SHIT YOU FUCKING IDIOT

JESUS FUCKING CHRIST

[Anonymous No.8923811]

>>8923771
1) why don't you use tradingview?
2) Go to wherever you can select candlesticks, area chart, renko, etc and just put it back on candlesticks.

[Anonymous No.8923824]

>>8923764
Some of us are actually pretty decent at TA. But you have to remember a lot of these formations break a certain way 80-90% of the time. You can lose a lot if they break the wrong way and you don't have stops in place.

And your brain can distort the charts into something you want to see.

[Anonymous No.8923839]

>>8923811
1)I'm new to trading from an inheritance with both crypto and stocks, thanks for the information btw
2)Found it, thank you

[Anonymous No.8923893]

>>8923839
>inheritance
Holy fucking shit I beg you only use 10% of your position for about the first month, no leverage except to short x2. Don't stop until you get back to even. Then, with the same money, use some slight leverage. You will lose money again, wait till you get back to even.

I went to fast. Damn near everyone moves too fast. Don't fuck up your inheritance. That isn't your money, that is your families LEGACY

[Anonymous No.8923894]

>>8923824
Fuck off you retarded mongrel fake psychic

Idiot's like you wasted enough of my time

i know you have a family to feed get a job at McDonald's were you can accurately predict the time it takes to cook a burger.

[Anonymous No.8923944]

>>8923894
Nah, I'll keep running the house as an AirBnB and making crypto gains while the wife works for insurance for the kiddos. I might pick up some temp work here and there until I have enough to retire, hopefully in a year or two.

[Anonymous No.8923965]

This is a S U C K E R S rally

[Anonymous No.8923993]

>>8919081
>because you can not afford to be wrong or you'll lose all your money, unlike when you're not on leverage.
no, you can use isolated margin on mitigate risk easily...

[Anonymous No.8924008]

>>8923893
I barely trust myself with 5% of it. But I figured if it's there I even a small amount wouldn't hurt to throw some money on robinhood and buy a few to start small with.

Again, thank you for sharing your knowledge.

[Anonymous No.8924044]

>>8924008
Are you swing trading (days to a few week holds) trade in general (basically a few weeks to a few months) or invest (anything over a quarter)?

[Anonymous No.8924061]

>>8923944
just show me one fucking market that breaks the trend. Any market

[Anonymous No.8924087]

>>8924061
You are an absolute faggot if you expect people to be under for 9 years out of a decade. By trading and shorting with some TA and fundamentals you can have EVEN MORE MONEY for just a bit more effort.

[Anonymous No.8924117]

>>8923894

You've got issues.

[Anonymous No.8924129]

>>8917739
TA allows you to gamble safer faggot
Why not use it
I agree on your point tho, and I also think the real technical stuff is tea leaf faggotry
But basic TA is very useful