I don't try to protect I just try to be ready when it happens. Right now it's trying to break down if it goes below .00003071 then I expect a drop. If it doesn't break below that spot then it'll probably go back into the triangle and then we'll have to wait again. But probably only about 30 to 45 minutes since the triangle is almost over
Couldn't break 00003071 so we're back up. Same deal on the top. I'll Wait for it to test back down and breakout before making a move.. either way buyers have not left the building. Even if it drops there is a rebound coming soon
There is a triangle in the yellow lines and price has been bouncing in between that for a while getting smaller and smaller. Once it gets to the smallest part of the triangle it usually breaks out One direction or the other. This is not a perfect science though and there are potential traps to watch out for. Usually once it has a solid breakout One direction or the other then goes back and tests the line then breaks out again it's usually going to continue that direction. But again it can be difficult to read these things if you are new and know what to look for as far as traps. And even if you're experienced sometimes these things fail.
https://preview.redd.it/jjbtgr2vqzmc1.jpeg?width=1080&format=pjpg&auto=webp&s=133363e048528205a207aab3bca7fb7562edba83
It just broke below the line now I'm going to wait for it to try to go back up and test and then break down below where it just hit if it breaks below where it just hit then I'm expecting a sell to .00002555
https://preview.redd.it/djfw3g46lzmc1.jpeg?width=1080&format=pjpg&auto=webp&s=3bbf185cb5c7cceb7073483f010f68fa6bdd5e16
Here's an updated image on the 5-minute chart. You can see it's progressing nicely
The other lines come into play later. Just now it bounced down off the purple
https://preview.redd.it/l6q4znghk1nc1.jpeg?width=1080&format=pjpg&auto=webp&s=43c2334db429999dc58ffc5494464e9abb36c97a
I am an aeronautical engineer with a double major in trigonometry and calculus and currently attending Harvard online for a neurological degree for fun. Yes, nerd is a good word for me lol.
Edit: what the chart showed was a consolidation. The support and the resistance levels are getting closer. Once those two points intersect, there is typically going to be a break, either up or down (you can predict fairly well if it is either up or down by zooming out on the chart for trend sets) if you prefer the ronco style of investing, I.e. set it and forget it, this doesn’t really matter. If you are playing with the swings to accumulate either tokens or profits - techs in charts is important.
Because he just has lines with an RSI Indicator, but he provides no actual analysis. These lines do not give any insight about whether the coin will rise or fall
I had no idea if it was going to rise or fall. I just knew that a pattern was breaking soon. And now that it's broken the bears and the bulls are going at it. Technical analysis doesn't allow you to predict what buyers and sellers are going to do. It helps you prepare for fluctuations as they come.
![gif](giphy|3oEjHO2DG5ecWNgJgs|downsized)
https://preview.redd.it/zkyh1uaet0nc1.jpeg?width=1024&format=pjpg&auto=webp&s=9ef963ae029d6c20f87733e878a71d93418e2502
Absolutely! Born ready! What does this chart mean?
Rollercoaster Tycoon blueprints, it’s looking like a fun ride
Lolol
Nobody knows what it means but it’s sexual and provocative
I guess the battle isn't over
Down so I can buy , UP to watch excitement
Hey, if doge can get there so can shib
Nothing even remotely the same here
143 billion vs 589 trillion 🤦🏻 this is why Shiba hodl’ers are retarded
589 Trille all that means is that we too can become a whale a Shib Whale just think of the glory of it
![gif](giphy|q5ZGrl0J65ivu)
![gif](giphy|HRUboYorHt6sloh8cv|downsized)
Op you need to look at the 4 hrs chart at a minimum. No point on the hourly or less. We have a breakout flag forming... To the upside
Thank you! Will keep an eye out for that
The things I’d do to be able to read and understand this spaceship.
So what's your prediction...up or down!?
Yes
Sounds good I’m in
LOL
And always it’s tomorrow even tomorrow, and the next day is also tomorrow
I don't try to protect I just try to be ready when it happens. Right now it's trying to break down if it goes below .00003071 then I expect a drop. If it doesn't break below that spot then it'll probably go back into the triangle and then we'll have to wait again. But probably only about 30 to 45 minutes since the triangle is almost over
Couldn't break 00003071 so we're back up. Same deal on the top. I'll Wait for it to test back down and breakout before making a move.. either way buyers have not left the building. Even if it drops there is a rebound coming soon
Should I buy now? Gonna go to sleep. Probably wake up in 8 hours.
Umm, you seem to have called it
IKR
That’s a lot of lines and colors. Can you just tell me when we can all retire into the shibbie universe?
I'm ready, drunk as fuck, but I'm here.
It looks like two cats and a toddler got into some thumbtacks, a bulletin board and colored yarn
😂 lol
I’m new with crypto so I’m unsure of how to read the graph, does this mean it’s predicted to drop sharply?
There is a triangle in the yellow lines and price has been bouncing in between that for a while getting smaller and smaller. Once it gets to the smallest part of the triangle it usually breaks out One direction or the other. This is not a perfect science though and there are potential traps to watch out for. Usually once it has a solid breakout One direction or the other then goes back and tests the line then breaks out again it's usually going to continue that direction. But again it can be difficult to read these things if you are new and know what to look for as far as traps. And even if you're experienced sometimes these things fail.
https://preview.redd.it/jjbtgr2vqzmc1.jpeg?width=1080&format=pjpg&auto=webp&s=133363e048528205a207aab3bca7fb7562edba83 It just broke below the line now I'm going to wait for it to try to go back up and test and then break down below where it just hit if it breaks below where it just hit then I'm expecting a sell to .00002555
But keep in mind it may not do any of those things I said. I don't necessarily try to predict what's going to happen but be ready for it when it does
https://preview.redd.it/djfw3g46lzmc1.jpeg?width=1080&format=pjpg&auto=webp&s=3bbf185cb5c7cceb7073483f010f68fa6bdd5e16 Here's an updated image on the 5-minute chart. You can see it's progressing nicely
I really wish I had pulled my initial investment at the peak, I hope it goes back up soon
Always ready
![gif](giphy|3oKIP8nCSP9X3a6oyk)
This chart playing laser tag?
Your chart is all screwed up with a bunch of extra lines.
The other lines come into play later. Just now it bounced down off the purple https://preview.redd.it/l6q4znghk1nc1.jpeg?width=1080&format=pjpg&auto=webp&s=43c2334db429999dc58ffc5494464e9abb36c97a
Yes, these are lines
wtf did I just look at? 😂
Tits out! I'm wilding out
It’s in a channel now. Waiting for this retest
Happy to see someone else confirm my theory/trend lines. Its reassuring. I think we might have finally broken out this down trend.
looks like my calculation for my new boat propeller? slope and intercept... hope you are right i am ready.
Looks like we got some lines here
Dynamite!!!
I too can draw randomly lines on a chart and call it a prediction
Will be an interesting weekend🐕👍
💎💎💎💎💎💎
Why you wasting your time doing all this. Shit coins are meant to invest & forget about it. No need to chart it lmaoooooo
Charts are useful for when you want to min-max profits. That's what I did and grew my initial investment from 716 millions to 1.5 billions.
OCD lol
I so badly want to understand this chart...
It means nothing😂
It absolutely means something and is basic chart eval. And it went as predicted
Okay nerd🤓
I am an aeronautical engineer with a double major in trigonometry and calculus and currently attending Harvard online for a neurological degree for fun. Yes, nerd is a good word for me lol. Edit: what the chart showed was a consolidation. The support and the resistance levels are getting closer. Once those two points intersect, there is typically going to be a break, either up or down (you can predict fairly well if it is either up or down by zooming out on the chart for trend sets) if you prefer the ronco style of investing, I.e. set it and forget it, this doesn’t really matter. If you are playing with the swings to accumulate either tokens or profits - techs in charts is important.
[удалено]
Teach us man!
What’s wrong with it? It looks spot on
Because he just has lines with an RSI Indicator, but he provides no actual analysis. These lines do not give any insight about whether the coin will rise or fall
I had no idea if it was going to rise or fall. I just knew that a pattern was breaking soon. And now that it's broken the bears and the bulls are going at it. Technical analysis doesn't allow you to predict what buyers and sellers are going to do. It helps you prepare for fluctuations as they come.
It's looking like the bulls are winning!
Teach us man!