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Re: Bad Crypto Investing Advice

Posted: Mon Mar 01, 2021 8:22 pm
by Furious
BTC recovering from a weekend drop to $44k (could still touch $40 before this is all over but I'm doubting it)
btc mon 2021-03-01_14-17-37.jpg
btc mon 2021-03-01_14-17-37.jpg (5.75 KiB) Viewed 1881 times

And the AMC pressure cooker is beginning to build... currently at a volatile 9.15 as I type this. Ever hear of a 'cup and handle' formation? This is what they're talking about:
cup and handle 2021-03-01_14-14-58.jpg
cup and handle 2021-03-01_14-14-58.jpg (28.09 KiB) Viewed 1881 times

Re: Bad Crypto Investing Advice

Posted: Mon Mar 01, 2021 8:29 pm
by Furious
The same chart a few minutes later. Another cup and handle forming?
cup 2 2021-03-01_14-25-49.jpg
cup 2 2021-03-01_14-25-49.jpg (16.92 KiB) Viewed 1880 times

The answer is, as always with technical analysis, "maybe". Drawing lines to see what you want to see is always dangerous.

Re: Bad Crypto Investing Advice

Posted: Mon Mar 01, 2021 8:32 pm
by Furious
People risk fortunes on doing this. I'm not so confident but it's fun to play:

Not a cup and handle.
2021-03-01_14-31-12.jpg
2021-03-01_14-31-12.jpg (20.37 KiB) Viewed 1880 times

Re: Bad Crypto Investing Advice

Posted: Mon Mar 01, 2021 8:37 pm
by Furious
now it's starting to resemble the pattern it had an hour ago, which was a cup and handle :roll: :roll: :shock: :roll: :roll:

CLEAR AS MUD.
cop y 2021-03-01_14-34-29.jpg
cop y 2021-03-01_14-34-29.jpg (16.76 KiB) Viewed 1880 times

Re: Bad Crypto Investing Advice

Posted: Mon Mar 01, 2021 8:45 pm
by Furious
I'm predicting some crazy swings in about 10 minutes. Hedgies want this below 9. Everyone else, above 9...

Re: Bad Crypto Investing Advice

Posted: Mon Mar 01, 2021 8:50 pm
by Furious
Another term. When a stock history looks like a bar code it looks like this (HCMC):
bar coding 2021-03-01_14-48-57.jpg
bar coding 2021-03-01_14-48-57.jpg (27.35 KiB) Viewed 1879 times

Re: Bad Crypto Investing Advice

Posted: Mon Mar 01, 2021 8:52 pm
by Furious
back to AMC. Similar points on the chart.

Will it repeat and go up? Will it crash? Will it do nothing?
2021-03-01_14-50-54.jpg
2021-03-01_14-50-54.jpg (17.75 KiB) Viewed 1879 times

Re: Bad Crypto Investing Advice

Posted: Mon Mar 01, 2021 8:56 pm
by Furious
Bad guys are winning. Don't think I need to draw an arrow:
bad guize 2021-03-01_14-55-21.jpg
bad guize 2021-03-01_14-55-21.jpg (7.78 KiB) Viewed 1879 times

Re: Bad Crypto Investing Advice

Posted: Mon Mar 01, 2021 8:59 pm
by Furious
There's a war going on trying to keep this over 9... that 1 at the bottom axis is for 1 million in volatility...
2021-03-01_14-57-36.jpg
2021-03-01_14-57-36.jpg (3.67 KiB) Viewed 1879 times

Re: Bad Crypto Investing Advice

Posted: Mon Mar 01, 2021 9:00 pm
by Furious
and as fast as i type...
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