Boiler Room: The Official Stock Market Discussion

C

chineebai

Superstar
Joined
May 11, 2012
Messages
11,108
Reputation
941
Daps
30,177
Reppin
NULL
Eternal Tecate said:
shyt's deep but the crux of it is, everything in the universe grows and contracts following the same proportions and ratios, including human thoughts, which you can describe prices as. Every price is a point in time where one human agrees to sell and another agrees to buy, at a price. So when looking at price/ time charts you can use universal math (encoded in the pyramid).

The fibonacci spiral and the extensions you see people talk about in technical analysis are variants of the Phi ratio 1.68. Go on trading view and pull something up and find the fibonnaci extension tool and start at a low point somewhere and fit that shyt up to a peak and peep the levels. That's a crude example and I'm not an expert but do that to dip your toe in the water.

The BTC dip down to 29.9 k the other day spiked down to a fibonnaci level exactly. This is because it's a psychological point where price has created a base/ support that it difficult to break through. You can use it on any time frame you like since it involves proportions that can be used at any scale......

Crude overview but shyt is really interesting get into it
Click to expand...
Good ovewview. When you combine this with other indicators like rsi, pattern recognition , it helps you win probability in trades. This is why all that matters to me is price action, it always comes first.

When I post my opinion on stocks and give price levels to watch out for, they're all based on fib levels and a pattern formation and price action. Trading view is an amazing resource. They have automated scripts on fib levels so you don't even need to calculate it yourself. Sign up and sort scripts by rating.

It's absolutely.amszing when you see price action respect fib levels almost to the exact number at points of resistance and support and rsi. Rblx is a good example, symmetrical wedge breakout above 78.50. Look at how it broke through today and I posted the set up yesterday prior to the break out. It's just a high probability trade where the price action validated the pattern and level.
 
Last edited:
Tribaligenesis

Tribaligenesis

All Star
Joined
Nov 17, 2016
Messages
2,162
Reputation
1,075
Daps
6,818
So apparently the bitcoin crash perfectly correlates with the wyckof distribution model(market manipulation), it actually correlates perfectly.

 
CBalla

CBalla

Superstar
Supporter
Joined
Aug 7, 2019
Messages
4,896
Reputation
332
Daps
14,988
shoutout to the dude in the discord who turned roughly $450 in 6 figures due to buying up some shytcoin a few months ago.. a usa vet in the chat gave him the heads up on it




anywho, need up to 6 persons whose gonna be active and contribute, we got a fella in the coli stock discord who turned 40k in millions last year, i hope the rest of us follow:ehh:

if you interested dm me:ehh:
 
GoldenGlove

GoldenGlove

😐😑😶😑😐
Staff member
Supporter
Joined
May 1, 2012
Messages
58,760
Reputation
5,536
Daps
138,504
CountryBalla said:
shoutout to the dude in the discord who turned roughly $450 in 6 figures due to buying up some shytcoin a few months ago.. a usa vet in the chat gave him the heads up on it




anywho, need up to 6 persons whose gonna be active and contribute, we got a fella in the coli stock discord who turned 40k in millions last year, i hope the rest of us follow:ehh:

if you interested dm me:ehh:
Click to expand...

They drop these in the Crypto thread. There are posters in there that know this game and have had similar returns playing with the meme coins.
 
You must log in or register to reply here.
Top