Bad Crypto Investing Advice

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Furious
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Re: Bad Crypto Investing Advice

Post 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
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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
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Furious
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Re: Bad Crypto Investing Advice

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The same chart a few minutes later. Another cup and handle forming?
cup 2 2021-03-01_14-25-49.jpg
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The answer is, as always with technical analysis, "maybe". Drawing lines to see what you want to see is always dangerous.
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Furious
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Re: Bad Crypto Investing Advice

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People risk fortunes on doing this. I'm not so confident but it's fun to play:

Not a cup and handle.
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Furious
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Re: Bad Crypto Investing Advice

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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.
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Furious
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Re: Bad Crypto Investing Advice

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I'm predicting some crazy swings in about 10 minutes. Hedgies want this below 9. Everyone else, above 9...
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Re: Bad Crypto Investing Advice

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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
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Re: Bad Crypto Investing Advice

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back to AMC. Similar points on the chart.

Will it repeat and go up? Will it crash? Will it do nothing?
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Re: Bad Crypto Investing Advice

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Bad guys are winning. Don't think I need to draw an arrow:
bad guize 2021-03-01_14-55-21.jpg
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Re: Bad Crypto Investing Advice

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There's a war going on trying to keep this over 9... that 1 at the bottom axis is for 1 million in volatility...
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Re: Bad Crypto Investing Advice

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and as fast as i type...
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