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File: 85 KB, 1436x636, 1525798514499.png [View same] [iqdb] [saucenao] [google]
9390516 No.9390516 [Reply] [Original]

Rising wedge.

Bearish divergence.

Well, it was fun while it lasted...

>> No.9390545

zoom out

>> No.9390572

>>9390545
Sure. Looks like a tiny little $200 bounce with no momentum in the midst of a heavy $1800+ dump.

>> No.9390608

>>9390516
>15m chart
my nigger. i actually hope it pumps some more before shorting it again

>> No.9390679

>>9390516
looks more like an ascending triangle. you just drew your meme lines wrong

>> No.9390721

Stay mad because your shorts are getting liquidated

>> No.9390770

>>9390572
Which was caused by korean fud which coincidentally was just before weekend which coincidentally was just before Consensus oh wait there are no coincidences in cryptoland...

>> No.9390888
File: 105 KB, 582x800, BA285EA8-74FD-4895-A786-F9C73209DE36.png [View same] [iqdb] [saucenao] [google]
9390888

>>9390516

>> No.9390908
File: 375 KB, 2453x1272, 12315236737.jpg [View same] [iqdb] [saucenao] [google]
9390908

this is a better indicator of where we are going
(down)

>>9390516
too small of a timeframe

>> No.9390946
File: 24 KB, 500x383, the-eyes-are-open.jpg [View same] [iqdb] [saucenao] [google]
9390946

>uses a 15min chart to determine the overall trend

>> No.9390966

>>9390908
Inverse head and shoulders

>> No.9390969
File: 429 KB, 2450x1268, 1423637.jpg [View same] [iqdb] [saucenao] [google]
9390969

>>9390908
we're probably going down further, clearing out the longs and making a bear trap right before consensus

>> No.9390992

>>9390516
>RSI, MACD
>15 mins
>XBTUSD

never gonna make it.

>> No.9390993

>>9390969
pls no bully but

couldn't this be a gigantic bull flag?

>> No.9391002

>>9390993
trying hard not to bully....
no

>> No.9391035

>>9391002
o-okay thanks. but why? the consolidation goes too low?

s-sorry

>> No.9391045
File: 419 KB, 2452x1266, 212523637.jpg [View same] [iqdb] [saucenao] [google]
9391045

>>9390993
i fucking hope so, i'd hate for tone vays to be right and be smug for the next year

>> No.9391048

macd and rsi is shit TA

>> No.9391049

>>9391035
yeah pretty much, trading range is too large
https://www.investopedia.com/stock-analysis/cotd/answ20090105.aspx

>> No.9391056

>>9390516
In OP's pic we can see ze massiv UnterBart

>> No.9391074
File: 3 KB, 210x161, fukkensaved.png [View same] [iqdb] [saucenao] [google]
9391074

>>9390888

>> No.9391085

>>9391035
Bull flags consolidate and go sideways after the big pump.

>> No.9391090

>>9391045
this is literally impossible
the biggest volume OTC of all time was at 6500

it will never drop below that again. it will not be allowed to. exchange volume is peanuts compared to OTC volume.

>> No.9391145
File: 392 KB, 2448x1273, 21215262167.jpg [View same] [iqdb] [saucenao] [google]
9391145

>>9391090
hope so senpai, i'm a believer in the 2x bubble theory

>> No.9391166

>>9391090
this could be bullshit but i'm literally going to sleep better until this isn't true. thanks fren.

>> No.9391180

>>9391145
IMO this theory seems like the perfect bait for manipulation. one more round of mass short liquidation and we bull.

>> No.9391204

>>9391145
>>9391180
This happened mostly because Mt.Gox was manipulating the market though. I don’t think it’ll happen like that again :/ the upside is we’ll probably get another bull run much sooner

>> No.9391206

>>9391145
W-what theory is that anon kun?

>> No.9391217
File: 132 KB, 1080x1316, 1524773337621.jpg [View same] [iqdb] [saucenao] [google]
9391217

>>9390516
Oh sweety... you think TA actually works...

>> No.9391222

Looks like we're starting to break downwards. Failed to get over $8600 a couple times now. If we don't get another $60+ pump soon followed by a more bullish looking consolidation period we're probably fucked.

>> No.9391236

>>9391206
just look at the picture fren

>> No.9391237

>>9391222
The next few hours are critical for crypto

>> No.9391240

>>9391166
why do you think there was so much FUD around that point and then a $1500 hour green dildo? coincidence? no, thats when soros etc were buying in OTC

>>9391204
ironically gox is still manipulating the market
last time gox sold coins the price dumped so the buyers could get it cheaper OTC

>>9391145
good bait yes

>> No.9391253

>>9391222
not true, look at indicators. this is the most oversold btc has been in over a year on the 3h timeframe

>>9391237
this but unironically

>>9391217
the richest people in every markets use TA, of course it works. technical analysis is literally reading everything off the charts. everything can be seen on the charts including exchange listings and news, just put in 10000 hours and you'll see. insiders always trade, it can be seen on the charts.

>> No.9391256

>>9391217
N-nice boat. Is it y-yours?

>> No.9391294

>>9391253
Wrong, no serious institution uses TA. TA is to trading as astrology is to science.

>> No.9391312

>>9391253
>not true, look at indicators. this is the most oversold btc has been in over a year on the 3h timeframe

Correction, BTC WAS at its most oversold. That's now been remedied by this bounce. But there's no momentum behind this bounce at all, and we're painting another bear flag. Now that RSI's been reset some we'll resume the down trend shortly.

>> No.9391314

>>9391294
https://en.wikipedia.org/wiki/James_Harris_Simons
fuck off faggot

stick to your retarded ass value investing bs until you can get 35% a year

for crypto TA is the only thing that works, there are no earnings and dividends.

>> No.9391333
File: 453 KB, 1483x874, idiot.png [View same] [iqdb] [saucenao] [google]
9391333

>>9391312
shut up, please. this is the buying opportunity of a lifetime

>> No.9391353

He was right all of you Faggots

TA > everything

>> No.9391357

>>9391314
Except that TA doesn't work. Different TA 'analysts' can look at the same chart, using the same indicators, and get different conclusions.

>> No.9391364

>>9391333
Starting to drop...

>> No.9391368

>>9391357
yes which means one of them is a dumbfuck and the other one is not a dumbfuck

thats like saying theres different ways to play chess

>> No.9391402

>>9391368
So do you claim that for any given set of indicators, there is only 1 correct way to analyze a chart?

>> No.9391405

Price drops more than $1200+, goes back up by $300 and everyone celebrates kek

>> No.9391425
File: 201 KB, 1488x877, historic.png [View same] [iqdb] [saucenao] [google]
9391425

>>9391364
Zoom out.
>>9391353
There are micro trends within macro trends.
>>9391402
No, but newbies will think they are TA experts because they learned how to draw a head & shoulders the same way a new chess player will think he is a genius after learning 3 moves

For people doubting it, I just drew up some historicals - the cyan line on the RVGI is the current level it's at. Look what happens at the vertical lines on the chart
>but its different this time

>> No.9391456

>>9391425
Thx! I’m HODL!

>> No.9391457

Strawpoll for which coin will be next listed on Coinbase

https://www.strawpoll.me/15682869/r

>> No.9391467
File: 60 KB, 763x771, 1524515464438.jpg [View same] [iqdb] [saucenao] [google]
9391467

>>9391217
>>9391294
>>9391357
>uuuuug TA duznt werk becuz i cant understand it

>> No.9391472

>>9391425
I know I just longed if we were to drop we should have done a Bart by now

>> No.9391496

>>9391425
It's human nature to look for patterns, even when no patterns exist. If TA helps you to justify trading decisions, that's fine, but it's not a science.

>> No.9391505

>>9391467
Actually I do understand it, and for context I am currently mid way through a math degree.

>> No.9391519

>>9391496
I don't think you understand. The person who created the indicator made it so it detects patterns like this so it could be easily used

There is obviously a pattern, its right in front of you. I posted a screenshot. People get rich trading off patterns

>> No.9391546

>>9391505
Read Trading in the Zone :). In the mid 70s, everyone was laughing off TA and calling it astrology etc. Untill institutions found out.. that it actually works. This market is so young and immature, in 5 years noone will laugh about TA, but most people here are very young and this is their first market. Luckily, this market is unbelievably forgiving, it is nearly impossible to loose money, which (sadly) will be the downfall for many who will get used to the current coniditions. When institutions enter, a slaughtering of unimaginable proportions will happen. <3

>> No.9391547

>>9390516
And wedge broke, was on 15 minute though, we'll have to see what 4H does to really get perspective of the trend. There's hidden bull Div on 4h, this rising wedge might just be a falling wedge on the 4h..
>TA analysts orgasm

>> No.9391555

>>9391519
Just because a pattern exists doesn't mean it is significant. Look at astrology, they find plenty of patterns, but they are all insignificant. Conspiracy theorists will often find patterns which are too insignificant.

>> No.9391569

>>9391546
" it is nearly impossible to loose money"

80% of people are losing money since January

>> No.9391582

>>9391547
where do you see a hidden bull div?

>> No.9391604

>>9391569
I meant it is nearly impossible for someone who es experienced in trading. Ofc experienced traders have to get their money from poeple without experience. If you are new, of just buy at ATH ofc you will loose money, this is a market after all. It is very, very forgiving for someone who knows what he is doing. In traditional markets or pennystocks you can loose everything buy layiering buys, itn crypto layering buys and trying to buy floors and just waiting will result in very good profits 99.9% of the time. Dont use your whole stack, be patient, wait for floors and average buys and just wait and you always take good profits. Sadly many people just cant do those simple things or want instant gratification. This is the way of the younger generations, which is fine with me.

>> No.9391610

>>9391582
Check the 4H from the start of our climb back at 67 and now, there's tons.

>> No.9391689

>>9391357
>Different FA “analysts” can come to different conclusions looking at a company’s balance sheet, P&L, and cash flow statements. That means those are worthless!!!!!

>> No.9391704

>>9391689
Taken completely out of proportion.

>> No.9391717

>>9390969
Why would it pump during Consensus? Is anything big supposedly being announced?

>> No.9391720

>>9391604
how is lthe ayering strategy different in traditonal market?

>> No.9391782

>>9391717
concensus is one of the biggest events in crypto and pretty much kicked off the 2017 bullrun

>> No.9391788

>>9391782
didnt the fork kick off the bullrun?

>> No.9391840

>>9391357
>everyone just buys and sells when they feel like it without having an edge
keep doing what you're doing, we need people like you in the market

>> No.9391892

>>9391782
>>9391717

it didn't kick anything
don't buy into that
if you look at the charts, on the 25th of March, BTC began his bullrun
after the consensus BTC lost 30%, a normal correction or a "selling the news" thing
so the bullrun started literally 60 days before that event

>> No.9391956

>>9391782
Its like Wrestlemania for crypto

>> No.9392112

>>9391519
currently watching a very small long position using ichimoku cloud for the past hours. when I look at it from 15m range the trend im getting is very bullish, the closer and further I go currently its the opposite.

It has been going down hard for me. What should I take from that shit? That 1 Minute Trends are more important than 15-30 Minute ones? Or that 2 Hour trends are the most important? I dont get it at all. Whatever timeframe I use, I will get a vastly different answer on BTC right now.

>> No.9392186

>>9391314
QA is not TA

>> No.9392235

>>9390516
>15m candles

>> No.9392253
File: 381 KB, 586x604, 56cf591589da1c3f57312c6238b30e3b94873d37f69dda28a6a82380f71ab1ec.png [View same] [iqdb] [saucenao] [google]
9392253

>>9390516
>Pamp eet and paint a bull flag

>> No.9392310

>>9392253
>>9392235
See current price.

>> No.9392331

>>9391425
Can you explain what this chart is supposed to demonstrate? It looks like, to me, as someone with no TA experience or anything else, someone simply drew vertical lines at arbitrary points and said, "See? It goes up here"

What is the predictive value in this chart?

>> No.9392338

Been in crypto for years now... never thought this day would come but I’m cashing out. This market turned gay as fuck I held through the first gox crash years back but this shit is different it’s actually pissing me off watching the charts. Farewell biz you’ve taught me to never do what biz says

>> No.9392376

>>9392338
>never do what biz does
>do what i do

>> No.9392388

>>9391294
Read market wizards you faggot a lot of high end traders use ta.

>> No.9392405

>>9391788
As I recall, the fork caused all sorts of fud, like one time everyone thought the price action was the BCH "flippening", which caused a BTCUSD mini-crash.

If all those crashes didn't happen because of that fork, I believe the mania last year could've even reached $100k BTC, that stupid fork killed so much momentum.

Although that would've had an even more epic crash ($100k to $6k would've not been out of the question).

>> No.9392419

>>9391782
eth ico in august 2015 kicked of the reversal nothing else

>> No.9392495

I feel bad for you anons if you think consensus is really going to put us into a bull market. We never left the bear market and we never will. You’ll never see 9k btc again

>> No.9392508
File: 59 KB, 1024x559, IMG_20180512_115050_651.jpg [View same] [iqdb] [saucenao] [google]
9392508

>> No.9392513

>>9392495
Get fucked clown.

>> No.9392693

>>9392508
2017 two months before consensus 230%
get fucked with your fucking charts

>> No.9392765
File: 33 KB, 400x400, 3B123D65-67EB-4527-8187-1910C42210FC-433-000000AAF4ECD2F9.jpg [View same] [iqdb] [saucenao] [google]
9392765

>>9392513

Yeah that'll teach him

>> No.9392837

>>9392508
Yeah, and? We're already well on track to breaking the "week -1 to conference end" pump (we'd need a serious pump during Consensus itself to reverse the assramming we just suffered this week). What makes you think we won't also go negative in the months that follow? Further, 2017 was THE bullrun year; Consensus didn't cause those #s.

>> No.9392873

>>9392508
Don't bother even looking at the data from 2017 though because it was a ridiculous year

>> No.9392965

>>9391402
Technically, there could be several patterns in a chart

but there have been studies back-testing patterns and they do work, even if you machine analyze them

like "price had a peak A, trough B, peak C, trough D, peak E where C > A, E"

>> No.9393049

lol. retard thinks we are going down. BTC IS CRAZY UNDERVALUED ATM. BTC to 3 mil 2020. LEGGO! https://www.youtube.com/watch?time_continue=3389&v=WBgFGwJA1D0

>> No.9393093

>>9390516
Dead cat bounce, check again.

>> No.9393127
File: 40 KB, 586x578, Blank+_090a12a2cffa96e408523f1b99a50e4e.jpg [View same] [iqdb] [saucenao] [google]
9393127

muh TA

>> No.9393201
File: 124 KB, 1607x873, ETH hidden divergence.png [View same] [iqdb] [saucenao] [google]
9393201

>>9390946
Often divergence starts on the micro time frames. If you are looking for hidden bearish or bullish divergence you can basically ride it out on the micro timeframes but should get out when it is visible on the daily charts.

Back test this for some of the bigger crashes in crypto. When that divergence is on the daily chart you have a day or or 5, tops, before things shit themselves.

In the image you can see clear bearish divergence with the RSI and the fact that the MACD is flat but prices went up isn't promising either. This is a 12 hour chart for ETH (it is going down quicker than BTC, which is why I am shorting it) , if you go to smaller time frames you will see greater hidden divergence.

I don't think this will be big enough to be visible on the daily chart, if it is then the plummet will be massive.

>> No.9393944

>>9391314
>for crypto TA is the only thing that works, there are no earnings and dividends.
100% agree, the only thing that determines crypto price. If there was never a pump no one would have gone into crypto

>> No.9393982

>>9391045
Dude just draw more fucking lines