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DoomPosting
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Degens Deteriorating
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1,225 days since Ethereum’s Nov 9th, 2021 ATH of $4868

1,225 days

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Kanye coins seem to be the choice of the biggest fake rugs lately

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Harry Sisson pretended to be a liberal faggot in order to create a harem of women

Many such cases

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Women chose to send the liberal fa99ot nude pictures,

Then flipped out and screamed abuse when they found out they weren’t the only ones sending him nude pictures

Entire right wing arrives in the comment section to tell the liberal women they’re retarded

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BREAKING: U.S. District Judge Theodore D. Chuang, who was appointed by Obama, just ORDERED Elon Musk and DOGE to restore nearly all of USAID’s operations.

USAID is used by the govt for foreign policy. Foreign policy is an Article II power of the President.

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DoomPosting
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Lines good? Lines bad?

GOOD reasons for lines —

(1) Used for same reason as when leaving trail markers in the woods

— Easy to get totally lost with everything starting to look the same, causing you to make major unforced screwups, if you don’t simply leave trail markers to help you instantly remember where you are and where you’ve been

(2) Prevent price-based panic dumping or buying by marking “normal” expected ranges,

— Particularly when the normal historical ranges arise from past price activity way outside of your currently way-zoomed-in chart. E.g. price has swung between $120 and $200 repeatedly 3 times, so perfectly plausible for that to happen again.

Or e.g. when the price zooms hard toward a TA boundary — which is meaningless, and you don’t want to confuse meaningless normal TA action for something meaningful.

I.e. lines that make you less scared to hold your strategy than you otherwise would be

(3) Order execution, briefly,

— You’ve already chosen to buy or sell based on some non-TA strategy, and now you temorarily use some TA in the short-term to best execute the buys or sells that you decided to do for non-TA reasons

BAD reasons to draw lines:

(1) TA day-trading is the foundation of your strategy, and you’re not a custom machine

— TA does work extremely well in some legitmate areas where humans do badly, e.g. MEV, high-speed arbitrage — BUT, you better make sure you’re the only one with this particular bot, or else edge evaporated. I.e. you’d better be an actual bot-making quant pro if you want to have any chance competing here, and even then, even the bot makers often don’t want to use only TA type input signals.

But what about just never looking at the charts at all?

Let’s be realistic bro

Good lines, bad lines

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