For the lay person, for the uninitiated, if you were to show them one of these charts their first impression would be of some colors... "Ok, red and green..." they would say.
On a second deeper look, they might be able to spot some shapes as squares and rectangles and some lines but they wouldn't understand sheep... Financial hieroglyphs.
A while back, I was at a gold store and the saleslady was going on about gold, telling me people were buying and the price was appreciating.
I pulled out my phone and showed her the chart, "Oh yes that's true, look it is going up, I wrote about it recently...". She was like "Uhhh, yeah" with a dumb kind of numb phase... She couldn't understand sheep... Financial hieroglyphs.
Then again as it happens weekly my little brother was asking me for the 500th time what was it that I did, they ask like "Hey, what is that thing that you do?"
I said, "Here, read this..." and showed him one of these trade ideas that I write for you.
He read, EMA50, blah, blah, blah... "Ok, Chinese".
I am like oohhh... True, it would be hard to understand for someone who is not into this kind stuff... Financial hieroglyphs.
And for us it is even easy and fun to read this chart, just by looking at it we can spot trends, channels, high, lows, projections, indicators, volume and come up with tons of ideas based on many different charting systems expounded by hundreds of people.
On a long-term basis, it seems StormX (STMXBTC) can consolidate for hundreds of days before producing a major bullish wave.
Here we see it consolidating for over a year and this can lead to at least a medium sized wave... After this wave goes through its correction which can end on a lower low or higher low, it wouldn't change much if you sell while it goes up, what follows is a major one.
I saw this one and the potential was so huge that I thought that it can't be missed and so here I bring you the chart, our beloved financial hieroglyphs.
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