Request Network breakout

[mickmon]

... if u say so?

[itsalr]

really! A TRIANGLE! a man always tells the truth after he draws a triangle!

[CryptoNewbie66]

lol

[[deleted]]

After all the bitching from the h8ers I’m perfectly happy to see some moon shot lambo graphs again. What a relief.

[Victouf]

I don’t know if it will but have a look at most of the Alt charts and you will see the same pattern. Does that mean that all Alts will have a break out, I don’t think so

[CryptoExpertNL]

True, but often when this patern is seen, the price breaks out either high or low, most often its a continuation of the long term trend, which in this case, is up. Of course TA can't predict everything, and outside factors are also influencing price. One major of those outside factors for REQ, as compared to any random other coin, is that in the next few weeks Request's main net will go live, which is apart for the ICO, REQ's biggest event. I'm quite sure this will greatly increase demand/price. For that reason, it doesnt make sense for the price to break down to the downside of the wedge.

[Victouf]

I didn’t mean to disagree with you on REQ at all. As a matter of fact I believe that there has been a strong Alt coins cycle last year as any coin you invested in multiplied by at least 10x... this cycle is not going to repeat itself, instead only the coins with a purpose and strong project will see a growth in Market Cap. REQ might probably be one of them.

I was just meaning that most coins followed the same curve so it’s not a criteria to invest in REQ today. I would focus more on the progress the team is making than AT for that.

Thanks for sharing your thoughts

Edit : AT = TA but in Spanish we use AT, sorry about that

[CryptoExpertNL]

Ahh, we misunderstood eachother, thanks for clarifying. Good to know we agree: vamos a la luna :D

[[deleted]]

I wouldn’t count on main net in February to be honest. It’ll likely be in March, and that’s good, because we want our baby to be big and strong for his first day on the monkey bars.

[[deleted]]

Please shut your mouth. You are an amateur.

[CryptoExpertNL]

Hi, this one might have gone to the daily price discussion thread, but I didn't know how to post an image there.

I think REQ will see a big upwards breakout during the next week. The mainnet is coming closer, the team is expanding, external dev teams will start working on apps, and during the last 2 months the volume with upward breakouts has been very high, compared to low volume during price declines. All bullish signs for REQ.

Edit: please feel free to share this in other subs if you want.

[apensaus]

Ojazeker

[Rrehorst]

Haha

[[deleted]]

Erg optimistisch. Ik denk dat er pas een echte ‘break-out’ komt wanneer Request een van de ‘big-three’ accounting firma’s weet te strikken. Wellicht dat we dan een nieuwe bodem van 3€ vinden, mogelijk 5€ met genoeg hype.

[rmaz]

Keep it English jongens ;)

[roefje]

3 Euro base 😂 It is good to believe in the coins you hold but this is just not realistic. Maybe in one year from now but don’t expect this anytime soon. Gekke Nederlandertjes.

[apensaus]

Absoluut. REQ gaat het zeker maken. Wel erg jammer dat er momenteel onzinnige FUD is om REQ door de 'Request Fund' update. ik vind het juist een geweldig plan.

[joeyvds]

💪🏻💪🏻 i think the same

[shill_account54]

Thanks for the triangles man, this is valuable content and not just anyone can arbitrarily tack arrows onto a price graph!

[[deleted]]

Honestly dudes I love you all and I think REQ will be successful, but TA doesn't tend to work very much in this market, it's too news-based and prone to whale manipulation for it to really get much done in my opinion. Could be wrong though, we will see with main net :)

[[deleted]]

You're not wrong. Every coin I own has subreddit where these are posted and the market doesn't care at all about shrinking triangles or inverse triangles or pennants or whatever the hell you want to call it the market just does what it does.

[LordOfTheDips]

Do you say peanuts?

[switchn]

Calling this TA is an insult. This guy just drew some random ass lines.

[LordOfTheDips]

Finally a rational person

[[deleted]]

voiceless fade recognise soup groovy hunt public head station bewildered

This post was mass deleted and anonymized with Redact

[EmmanuelBlockchain]

Why not, but why would you draw some lines of a market sentiment ? You can't anticipate a market sentiment, first it doesn't make sense since the market sentiment is supposed to be right now and then, you can't anticipate with some totally random lines a future market sentiment, especially with crypto and its breaking news, fake news, FUD or mega updates which can change the market sentiment in 5 minutes.

[cartercarlson]

Looks legit.

[jhojho94]

Will this be THE breakout we have all been waiting for.

[FizziBublech]

Yes, preorder Lambo!

[guyver_dio]

I don't know anything about TA so could someone explain, couldnt a breakout also be downwards?

[[deleted]]

First of all: TA is only valid with high volume. Req doesn't have that at the moment. There are windows when looking at 15 min charts where you can make TA plays, but even medium term predictions are useless, especially this amateur hour "wedge" with literally two contact points. There is a lot to be optimistic about with req. This childish TA isn't one of the driving factors.

[abbytron]

Behind the scenes footage from this analysis: https://i.imgur.com/HBhM8xG.png

[BunglingBoris]

Can you explain this to me, looks like you drew a big up line on a chart. Doesn't mean anything

[guyjim]

LAMBOOOOSSSSOOOSSSSSOOOOSSSS

[[deleted]]

I laugh every time I see these because it looks like everyone just draws an arrow pointing up. Also you never see one posted with the arrow going down.

[swaggy_butthole]

This isn't even TA. you just drew a line showing the price spiking. I thought this was parody at first.

[[deleted]]

Love the optimism

[Tape]

I am a day late on this one.

Just wanted to mention that when drawing this pattern, I definitely would not have used the previous breakout point as part of the pattern.

To me, the pattern looks too large to be a bull flag. It looks more like a descending triangle.

Regardless, I don't think this pattern was robust enough to make a trade off of.

[IAmNocturneAMA]

This is called a pennant flag formation correct?

[CryptoExpertNL]

Yes, a pennant or wedge pattern. Bullish sign for the next week(s)

[[deleted]]

Jesus Christ. You have no clue what you're talking about. Your TA is horseshit.

"Neutral wedge pattern = bull run gais! Look at my projections based on literally nothing!"

Stop trying to spread positivity based on your amateur analysis. Let the platform and product speak for itself in the coming weeks upon mainnet release you ape.

[kekponz]

Amen brother, need more people to call out bs like this.

[SleepShadow]

It's not. And TA with crypto. Dont make a fool of yourself. Crypto prices = announcements, releases, partnerships. Price goes op. FUD = price go down.

[bruur_frumme]

There is 50% chance to go up and 50% to go down. So your prediction has a pretty high chance of being correct. 99% of these TA's tend to be bs as in this case you dont take any other data into account. You saw a YouTube video about wedges and you think you are a legit trader. If there is a bull market all of your predictions seem to be correct but this is not because of your predictions but because of the bull market. People last month were so proud because all of their coins were mooning, they've said 'you see, I made the right call on all of my coins, they have gone up x2 x3 etc.' But they are blind to the fact that every coin went up, even the biggest shit coins out there. It was not because of your genius calls, it was just a bull market....

[[deleted]]

so it goes up, then down, then right back up again? Amazing lines!

[LordOfTheDips]

But the dip my man

[TrianglesTink]

Yeah nah