â„–17070[Quote]
welcome back brah
â„–17072[Quote]
>>17070are you EXCITED? I'M EXCITED!!!!!!!
I have shit to do today and I should have got here hours ago but who fucking cares nigga
â„–17073[Quote]
>>17072do you just schizophrenically check BTC all day every hour geg
â„–17074[Quote]
>>17073I have an active price sticker on my phone that i look at OCCASIONALLY
I have become increasingly obsessed overtime however, and crypto isn't my main focus anyway
â„–17080[Quote]
>>17078A month back I was actually bearish on tesla because of this breaking of this resistance line.
I assumed it would spiral downwards but no it had a major reversal into ATH's
I don't actually know what happened I don't use xitter
IT BOUNCED OFF THE PREVIOUS TREND LINE HOWEVER
Nophono has properly explained to me why this magical line tech actually works, it's literally on par with schizphrenics getting their trading advice from angels.
Anyway it's bounced again, and if it falls Under this major resitance line(the bottom canal line) then I will go back to being bearish. Until then I'm just impressed that it's getting top blasted to fuck.
â„–17087[Quote]
I have not paid enough interest to this asset class in the past because they are stupid to hold short-medium term.
Literally nothing happens, they just grow continuously overtime.
In 6 years (covid bottom to present) it has jumped +150%
Pretty good, but compared to just holding $SPY, it's about 50% less (+200% covid bottom to present)
This is a major problem with food stocks, because ev&oe they are a slow cook, they are an extremely slow cook.
This is why you never really hear about these business in the news, there's literally nothing happening.
They will keep advertising, and making new product to sell, and maybe they beat their expected earnings.
I remember a few years ago, I (paper trading) bought some mcdonalds stock and the earnings report came out.Even thought it was positive, It fucking dumped the price
I was so mad nigga I didn't eat mcdonalds for a whole year
â„–17091[Quote]
Last ticker because I"m really fucking hungry now kek
â„–17095[Quote]
>Did you make a trade today
NO I did not.
< POOP
Today was a dnb! That's okay though, most days are.
Starbucks and dominoe's have my interest,
Yay foods are my favorite asset in the restaurant stocks that I have checked ITT.
< AND
I will clarify what I am doing here, I am a technical analyst (Chartist, chart technician etc). Studying technical analysis allows you to predict the future price of a traded asset without having an indepth understanding of the business itself.
< NIGGERS
This then allows you to determine assets worth paying attention too, which will then allow you to use your time better and study better assets.
< DYING
You WILL NOT only make trades based on what teh fucking candlesticks are doing on a Tuesday at 9:30am, you WILL make good financial decisions.
I will make many more of these threads. Au revoir biz-soyim
â„–17104[Quote]
>>17096Literally anyone can do TA on any asset and have a good idea where it's gonna go
The hard part (and why 80% of 'traders' don't make it) is actually placing trades.
You should get really good at your strategy FIRST, before you even think about placing orders.
This way, when the inevitable happens, you are more mentally capable of ignoring your emotions and holding your postition
â„–17107[Quote]
I don't actually know if showing my trades is a security issue, can snopes verify this for me?
I want to show my orders when I place them but I kind of like being a free man or someting
â„–17110[Quote]
Bitcoin will go down before the next halving. It's a cycle that repeats every year. When bitcoin halves, the energy needed to mine the same amount doubles. Smaller mining farms aren't profitable anymore so they shut down, the difficulty adjusts as miners shut down, and the price eventually stabilizes at the new one, now controlled even more by the most wealthy miners. It is not sustainable and I'm sure you can see why. Maybe try krafercrypto.com or create your own model to predict short-term price changes, but long term it will definetly fall.
â„–17111[Quote]
>>17110Yeah I usually load a BTC mining price indicator when it's at cheap levels.
To what extent do you think it's going to go go down, do you think? I'm thinking maybe a 50k floor :)
â„–17112[Quote]
Well, 60k floor with a low of 50k
â„–17113[Quote]
>>17104even though TA is a meme double though it works because most people believe in it
>>17110i only hold XMR but i dont think BTC is gonna crash, itll probably just stay like this until indian jeets pump it back to 100k with their izzat money
â„–17119[Quote]
>>17110>>17113As the BTC supply diminishes through burning, lost wallets, seizures, and lower mining profits, the price will get increasingly volatile and centrally controlled. Also, when the mining reward eventually diminishes to a point where it is no longer profitable to mine at all. Block conformations will take ages and running a miner will only be done as a form of donation to the project by its supporters. The supporters will not keep it alive forever and it will eventually crash to near 0 as people finally lose the last bit of trust they had in it as a currency. Maybe, when mining becomes too unappealing, somebody will use the low difficulty to their advantage and fake transactions, which will undoubtedly ruin it.
â„–17123[Quote]
>>17113TA is only a meme to crypto xitter niggas