Message from @RedbirdOctober, CBP

Discord ID: 809236591775187024


2021-02-11 00:33:48 UTC  

50% up to 80%

2021-02-11 00:33:58 UTC  

something like that

2021-02-11 00:35:25 UTC  

lets have a look at the wayback machine

2021-02-11 00:37:04 UTC  

how true that is idk

2021-02-11 00:50:59 UTC  

I know this isn't all of them but for beginners like me this is what I was looking for

https://cdn.discordapp.com/attachments/806143039215108116/809224934391545946/Candles.jpg

2021-02-11 00:51:54 UTC  

I guess that's the basic, I've seen where they have like 200 different patterns of candles but they didn't bother explaining what they mean, just decided to put some japanese naming onto it instead of determining probability of next candle pattern

2021-02-11 00:59:38 UTC  

just use your gut

2021-02-11 01:20:27 UTC  

Today with 1 minute intervals

https://cdn.discordapp.com/attachments/806143039215108116/809232347118436392/unknown.png

2021-02-11 01:22:05 UTC  

Rather than looking at patterns seems that you'd want to just look at the wicks/tails on top and bottom to see what the next candle is going to be

2021-02-11 01:22:25 UTC  

what is it?

2021-02-11 01:22:27 UTC  

got some really large tails on top that result in the next candle being red

2021-02-11 01:22:32 UTC  

stock or crypto?

2021-02-11 01:22:35 UTC  

that particular one was apple

2021-02-11 01:22:58 UTC  

I am just looking at random high volume stocks to get a gauge on how to read these better

2021-02-11 01:33:06 UTC  

Look up what a hammer candle looks like. That’s your bottom indicator.

2021-02-11 01:33:46 UTC  

@Revaeroski do you use RSI or MACD?

2021-02-11 01:33:47 UTC  

I know what one is (shared a picture of one earlier)

2021-02-11 01:33:58 UTC  

Oh, ok, I’m still catching up

2021-02-11 01:37:18 UTC  

Yeah there were some good candle formations in that image

2021-02-11 01:38:10 UTC  

I would suggest RSI, MACD, Bollinger Bands, TD Sequential, and Heikin Ashi as some stuff to check out

2021-02-11 01:38:25 UTC  

obviously the candle will be in the middle of forming as you're making purchases so you won't know what your exact candle is, but trying to figure out what it will be doing based on what I see real time

2021-02-11 01:38:36 UTC  

best indicator there would be the length of the wick/tail

2021-02-11 01:39:31 UTC  

a really tall top line would tell me there's a ton of selling going on, that's the direction/trend it'll do next. The opposite end would mean it's bullish on next candle

2021-02-11 01:39:52 UTC  

Then there’s looking for larger structures too.

2021-02-11 01:40:00 UTC  

and hammers are usually a reverse direction

2021-02-11 01:40:17 UTC  

Symmetrical triangles, wedges, flags, pennants, channels, etc

2021-02-11 01:40:28 UTC  

I look at those for longer term holding

2021-02-11 01:40:45 UTC  

Then there’s also Fibonacci retracements and extensions

2021-02-11 01:44:37 UTC  

Here's one with two different hammer examples

https://cdn.discordapp.com/attachments/806143039215108116/809238432618250280/unknown.png

2021-02-11 01:45:15 UTC  

very first green hammer makes sense, lots of resistance from top pushing down

2021-02-11 01:45:38 UTC  

5th candle is sort of a hammer?

2021-02-11 01:47:06 UTC  

15th candle is a red hammer, but didn't swap, very deceptive.. Very last green hammer on the right held true with it's swap though

2021-02-11 01:50:52 UTC  

Hammer can be red but it’s better if it’s green. Hammer should have very little wick on top if any at all. The bottom wick should be substantially long. Probably at least twice a tall as the wax or longer.

2021-02-11 02:16:32 UTC  

I'm thinking it might just be the tool I'm using

2021-02-11 02:17:17 UTC  

that first green hammer, if I swap it to OHLC, it's red. The only thing that's accurate is the highest/lowest points and open/close positions

2021-02-11 02:31:25 UTC  

Oof on the Ada spike

2021-02-11 02:39:20 UTC  

Doge is everywhere
Doge will rise

https://cdn.discordapp.com/attachments/806143039215108116/809252199405715516/20210210_223554.jpg

2021-02-11 02:39:44 UTC  

Yeah, now I’m only up 1250% instead of 1350%.

2021-02-11 02:39:49 UTC  

Also