/biz/ - Business & Finance

>>56297922

>>56252385
It's not for no reason. BTC hit the bottom of its log curve again -- and the whales bought in, again.

>>56224575
Woah OP are you using a magical crystal ball or something?

>>56222278
>he ignored BTC bottoming in its log curve
>eats shit
many such cases

>>56077680
Considering the market situation: Unlikely to instantly pump after hitting 0, but it might! With "market situation" what's referred to is the following 2 things: #1: The overall market sentiment is pretty damn bearish, and #2: BTC is at the bottom of its log curve, see picrel (pic from Sept 5th; only a few pixels different now).

IF the whales KEEP dumping it's inevitable soon the price will go below the log curve in a meaningful way (more than just a few pixels below) [1] which never happened before [2] and this will likely cause a catastrophe. But of course the log curve has always held! The whales always pump when the price hits the bottom of the curve. So everyone expects it to pump and it probably will. But if it doesn't, then prepare for absolute chaos and the pink fields!

> [1]: And keep in mind; the curve isn't the blue lines, the actual log curve is the price itself, the tops and bottoms of the candles, so if you remove the blue lines the actual curve of course is still there; the blue lines are ONLY there as a visual aid.

> [2]: The way the curve looks now it has looked since 2015; the bottom boundary was established by 2015 and the top boundary in 2013. Here's an animation illustrating this: https://archive.is/GHVaQ/0c8e4d307943a14cd3fe6e43ae0863d5fa16d441.gif and here is another one: https://archive.is/l7OZa/a6a02d122b585809534eb23afd1f0e3a9197aad9.gif – you can find many old charts on tradingview illustrating BTC's log curve which shows that the curve has indeed looked the same for many years. Stressing this because some newfags/retards/shills will claim the curve is edited later - not the case at all. Here's a chart from March 2021: https://tradingview.com/chart/BTCUSD/Gam35BRX-hi/

HELPFUL POST: https://archive.is/JZ9tE#42%
ALSO: https://archive.is/JZ9tE#60%
ALSO: https://archive.is/EHx0T (same was close to happening in Nov 2022 – as with the other times price touched bottom of curve; yet it never failed)
ALSO: https://archive.is/jEi3c

>>56070547
The 1W is bullish since it's bottomed, but of course it could stay bottomed for a while. The 1M is very high but has turned bearish, which looks bearish but it's not hard proof the 1M is going to continue to fall from where it is.

You should instead, or in addition, look at the log curve. It's way more important right now (it's always the most important thing to look at when the price is at the curves bottom or top). Because if the price falls below the bottom boundary of the curve (which has been the way it is now since 2015; the top boundary was established by 2013 and the bottom boundary by 2015) then we're in uncharted territory and BTC could easily flashcrash to 10k or even 3k. But everyone is expecting BTC to bounce from the bottom (which is precisely why the price would flashcrash if it goes under the bottom; it's completely unexpected and hence would cause extreme fear and panic) since that's where the whales always buy in and pump it up. So you should expect a pump soon. But if the price falls below the curve, then you know a giga hyper mega dump is happening.

>>56057920
>Considering various other factors
Such as this, which is extremely crucial: BTC is very near the bottom of its log curve. The price dropping to 23k or so would be catastrophic as it would be the first time in history that BTC has fallen below the bottom boundary of its log curve. But as you can see, it looks very likely that BTC will pump from here.

>>56052810
The 1W Stoch RSI is now (fucking finally – it was at 100 in April this year) very near 0 (the blue already hit zero, orange did not though). And BTC is at the bottom of its log curve, picrel. So it's perfectly natural it would pump from hereabouts, from approximately 25k/26k. It's natural to expect a real pump about now. The 1W Stoch RSI can of course though stay at/near zero for a while like it did in 2022 May to June. However for it to do that, some heavy and sustained (over several weeks to a month or more) dumpage would be necessary. And such dumpage would bring BTC below its own log curve (significantly so – already at 21k it would be properly below it), which seems very unlikely to happen. However if that happens then that would be the most bearish thing that's ever happened to BTC and you shouldn't be the least bit surprised if it crashes to 5k for example.

>>56028318
Check the log curve. Things are either about to get pretty green or extremely/extraordinarily/unfathomly/absurdly red.