Gm

Congrats to every AI holder

Index wants it

About to breakout

Some days I feel that I’m cursed

Still charts looks so good that it seems even USDC price about to go up

We will win a lot

25m now

I'm not washed, guys; most of the time it works, another part of the time it's too early, and occasionally it doesn't work

Next post will be a longer read about learning I mentioned a few days ago

The first group liked it a lot, so I decided to just drop everything in here and pin

Technical Analysis Basics

1. Essential Books

The single most important book:

Technical Analysis of the Financial Markets by John J. Murphy
(A Comprehensive Guide to Trading Methods and Applications)

Read it carefully and practice what it teaches.

This one book alone will put you ahead of the majority of traders on any market.

If you struggle with psychology or mental barriers while trading, also read:

Trading in the Zone by Mark Douglas (Master the Market with Confidence, Discipline, and a Winning Attitude)

The Psychology of Money by Morgan Housel

2. Which Chart to Use?

There are two main types:
Arithmetic (the default view most people see)
Logarithmic (click the “Log” button, usually bottom-right)

Use the logarithmic chart for long-term analysis and for drawing trendlines. It shows moves more accurately over time.

3. Trends

There are only three types of trend:

Uptrend (ascending)
Downtrend (descending)
Sideways / ranging

Trends constantly interact and change into one another.

How to draw a valid trendline

You need at least 3 touches.
After the price touches the same line three times, the trendline is considered confirmed.

Example: a clean uptrend line on the log daily chart of Buttcoin.

(The same rule works for downtrend lines.)

Key concept
In an uptrend, previous resistance levels that get broken often turn into support. Once this “role reversal” clicks in your mind, chart reading becomes much clearer.

4. Chart Patterns (Reversal vs Continuation)

Two main families of patterns exist: Reversal patterns (signal the trend is ending)
Continuation patterns (signal the trend is pausing before continuing)

Rules that always apply

A pattern only exists if there is a clear prior trend.
Always identify the trend first, then look for the pattern.

The first and most reliable sign of a potential reversal is the break of a significant trendline.

Volume is especially important when a downtrend is trying to reverse into an uptrend.

(Save a good visual reference of the classic patterns and study the direction of the arrows so you immediately know which ones are bullish vs bearish.)

Continuation patterns
Triangles (symmetrical, ascending, descending)
Flags and pennants
Wedges
Rectangles
Cup & Handle (and Inverse Cup & Handle in a downtrend)

What almost all of them have in common: a sharp “pole” (a strong impulsive move up or down) from which the consolidation pattern develops.

Note on Head & Shoulders
Classic Head & Shoulders (HS) and Inverse Head & Shoulders (IHS) are primarily reversal patterns.
In rarer cases, they can act as continuation patterns: HS appearing in a downtrend → can continue the down move
IHS appearing in an uptrend → can continue the up move

These continuation versions are less common but do occur.

In the early Robinhood days, I once identified an Inverse Head & Shoulders as a continuation pattern on Juggernaut — it subsequently ran to multi-million market-cap territory.

Quick summary for daily use:

Switch to a log chart for longer timeframes.
Draw the trend first (3 touches minimum).
Only then look for patterns.
Volume confirms the important turns.

!!!
Study the Murphy book, practice on clean charts, and these concepts will become second nature.

To see some patterns on real charts, ask questions, etc., join here

I will delete the summer camp chat on Monday, but until Monday, I'm open to any discussion, questions, etc.
https://t.me/chartssummercamp

Base started twapping 🥵

I'm taking my 32nd try at Manlet

Breakout and retest done

Ansem looks ready to send too, and it needs a beta

Hi
Something is cooking on Brodie

Bonkguy added to bags and became 2nd biggest holder

Cup and handle on larp

EygStH4gHv1h4E8w4raYv6NGsrDiij3nbfCc26iTpump

Gm

I made a FOMO account

https://fomo.family/r/vanohaa3

First trade on Fomo is OMO

Good tek, cup and handle

The cup and handle on Larp is still developing, should pop soon, imo

Last ten days have been probably the worst in a long time

Bull run started on majors but trenches were dry, probably capital was trading perps, or just observing

However today the trenches got hot and probably will be so for some time

Since the last recap

Frong - small W
TripleT - W
Had basecat at 600k and paperhanded it
Manlet (cursed coin) - Ws and Ls
Bullshit - L TA but did multiple xs
Bulls Eye - didn’t trade because of wrong ticker
PONS - W
WW - Ws and Ls
Cashcat - W
Tendies - W
Index - W
AI - big W
Qenis - multiple xs but hit SL
LARP - TA still playing out
Brodie - gonna cook hard from here
OMO - in and waiting

Gonna focus next week, run that fomo account and bring your attention to Bangers

Buttcoin.

Let’s win 🏆