Message from @.ȼ๏ʍ
Discord ID: 809253448938684437
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
Then there’s looking for larger structures too.
and hammers are usually a reverse direction
Symmetrical triangles, wedges, flags, pennants, channels, etc
I look at those for longer term holding
Then there’s also Fibonacci retracements and extensions
very first green hammer makes sense, lots of resistance from top pushing down
5th candle is sort of a hammer?
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
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.
I'm thinking it might just be the tool I'm using
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
Oof on the Ada spike
Yeah, now I’m only up 1250% instead of 1350%.
Also
Just saw this from Mr. Obvious: "Democrats approved a $15 dollar minimum wage in their new stimulus bill. It sounds good but it's going to obliterate jobs not in the city in low cost areas. So it's actually not that good."
Yes that's true, not everyone will be able or willing to pay 15 bucks an hour which is more than double the previous
So there will be a lot of job cuts, most likely middle management positions and a massive drop in work hours
Most people in the lower level get those jobs for the benefits and not so much for the wage, this will change the landscape
Either that or the expenses get passed down to the customers with price increases on the goods
30 bucks for a burger
Why the hell, it said 15?
Ah you asked for extra bacon
Pretty much. They are retarded.
The people who get laid off are fucked.
The people who keep their jobs are slightly better off because they’re making more money, but yeah, the cost of goods and services will rise by some percentage so they’ll take home more money but their cost of living, rent, groceries, utilities, etc. are all gonna go up. Also jobless claims will rise meaning unemployment and welfare will rise meaning the government will raise taxes, which means the people who did get a pay raise due to this will also get more money stolen from them by the government who will piss away large percentages of it before passing it along to the welfare recipients.
Congratulations dumbasses. You’ve succeeded in making more people dependent on the government because you’re too stupid to understand cause and effect in economics and you’re useful idiots who were told to clamor for this by your evil party leaders in government.
that's funny, but how is that related to economics<:KEK:795742276549607456>
Dodge coin homie
It's the future
I set a limit buy on ADA earlier at exactly 0.76 like a doofus, predicitng the low point in the like 4 hour cycle. Good news, I predicted it exactly. Bad news, it went to 0.760001 and the order never filled <:KEK:795742276549607456>
Also praying that ETH goes up about another 5% so I can cash out of my open positions. Not taking break-even loss though because I'm a fucking madman
Just started trying to use MACD, RSI and slow stochastic indicators to see if the planets line up. Combined with EMA's and candle price-points, I'm moving more towards a pragmatic trading approach. This is the key to future consistency, I think. Of course, knowing the market is important. Red's in the know on all the hot news, me not so much
Enj to the moon
Fuck
2nd bump about to start. Jump in meow