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Re: Stock & Crypto Thread
Posted: Fri May 02, 2025 10:18 pm
by JBB2
On closer look it was a cup and handle repeating to fade-out. Easy to see now
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Re: Stock & Crypto Thread
Posted: Sat May 03, 2025 4:53 am
by kevin
Shapes on a stock chart is the male version of astrology.
Re: Stock & Crypto Thread
Posted: Sat May 03, 2025 12:11 pm
by JBB2
kevin wrote: ↑Sat May 03, 2025 4:53 am
Shapes on a stock chart is the male version of astrology.
Predicting the future is “sofa king” tough. That’s why they exist in hindsight.
Re: Stock & Crypto Thread
Posted: Tue May 06, 2025 6:32 am
by JBB2
People want to know the future, especially when money is involved.
Some just guess. Others read signs.
Football statistics are used to predict games.
Investors and traders use common knowledge: buy low, sell high
They use nursery rhymes; buy the rumor, sell the news
They use charts
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Charts are formed by plotting price points or, more effectively , with trading candles describing human trading behavior over an interval of time. The battle between fear and greed
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As the trading day moves along the charts are created and familiar trading patterns are revealed
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Re: Stock & Crypto Thread
Posted: Tue May 06, 2025 6:33 am
by JBB2
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Re: Stock & Crypto Thread
Posted: Tue May 06, 2025 6:34 am
by JBB2
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This is just a start. Pictures from the books. You can go deep into the rabbit hole. As alluded to by Kevin, It might just be easier to guess, or better yet, don’t trade for today. Invest.for tomorrow.
Re: Stock & Crypto Thread
Posted: Tue May 06, 2025 1:57 pm
by JBB2
At the open
- What to expect today
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Looking again I see a double bottom created overnight, adding to the bearish sentiment. Will it play out to favor the shorts? We will see.
Re: Stock & Crypto Thread
Posted: Tue May 06, 2025 3:01 pm
by JBB2
It petered out to nothing. Now trading sideways. I needed 137 to make my trade today. Doubtful now. Time to wash car and go to dentist.
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