Attached: Vj3sYrnt.png (1444x812, 139.79K)
Rising Wedge is broken, time to sell
Joshua Phillips
Hudson Allen
time to cringe
Evan Wilson
kek retard bulls couldn't even reach 28k. My new target is 7-8k
Levi Reyes
time to redraw the line.
Jacob Stewart
way ahead of you mumubro.
second one hasn't yet.
Luis Howard
>start of line goes to bottom of wick
>end of line goes through wick
nice random lines OP
Eli Ramirez
once again. you either count wicks or you don't
Ian Gutierrez
Where am I not counting the wicks each each line is touching the first two wicks. Genuinely curious how this should be drawn?
Christopher Garcia
and why not the 3rd wick? it shouldn't be drawn at all because you assigned arbitrary rules to fit whatever narrative you want
Caleb Adams
heres mine on the 1D. I tend to draw them on the body, not the wick. Some draw on the wicks. IMO seems to be your choice. To quote Marco Pierre White:
"It's your pleasure."
Owen Morgan
you are supposed to draw them on the body
Alexander King
>heres mine on the 1D
why the 1D? why not the 12 hour? or the 3 day? or the week?
>you are supposed to draw them on the body
body of what? the line chart? the heikin ashi candles? the log chart?
stop peddling your astrological bullshit
Tyler Parker
TA isn't exact science bro
Camden Ward
I'm just here to remind you that these patterns have only been shown to have some predictive value in commodities. Bitcoin follows NASDAQ and is therefore not being traded as a commodity regardless of what its nature is.
Now carry on.
Cooper Price
its not science at all
Jonathan Butler
You also want to use lower and higher timeframes so, you do draw them on the 1 Month, 1 Week, 3 Day, 12h, 4h, 1h, etc...different time frames give different pictures/perspectives. Its pretty basic stuff.
>why the 1D? why not the 12 hour? or the 3 day? or the week?
is the equivalent logic of
>if we evolved from monkeys why do monkeys still exist?
Hudson Hall
ok socrates post a chart or something. TA isn't magic it's probability.
Carter Young
this guy gets it.
no one is saying TA is foolproof. I know 100% its just a way to speculate and give some sort of idea as to what the possibilities are. Generally if you use TA you want to also follow the other markets like this user points out, but a lot of people dont.
Mason Foster
I’m gonna fap instead
Kevin Flores
Patterns were developed in the commodity trading markets of old using 1 day patterns over long periods of time. And have only been shown to have a consistent predictive ability, beyond 50%, in the commodities market. Anyone that uses such patterns outside commodities and outside the 1 day timeframe is only lowering the already borderline chances of being correct. BTC follows NASDAQ and is therefore not behaving like a commodity.
Oliver Rivera
heres mine
Jason Turner
post a chart of what? its not probability. you can change any chart to fit whatever perspective you want to have on it. just change the timeframe or the scale of the chart or the types of candles etc... TA is just people coping over their bags or their shorts.
Blake King
this is perfect TA
Nolan Parker
Retarded back. Is this a bear flag?
Kevin King
delete this,MODS
Jaxson Perry
Are you massively in the red or something? If pattern A happens right before B most of the time with a decent enough sample size, then it most likely will happen in the future as well. That's all TA is. Of course it's not guaranteed to happen but following it will increase your chances.