/biz/ - Business & Finance

All you had to do was be smart and secure your funds. You were told over and over again that BTC being rejected around this price, thrown down over and over again, was very bearish. If you were smart, you understood that. If you were a low-IQ baggie clouded by baggie-mentality, then you wrote stuff like "errr, axhually that it keeps getting rejected is BULLISH" etc.

>>53663846
I wonder why. It's like a big mystery.

>>53515788
I wonder why though. It's like a mystery.

>>53516318

>>53515426
Oh wow who could have expected that huh?

>>53500442
dumbfucks like you who never check the chart gets exactly what they deserve

>>53500626
Because BTC was thoroughly rejected at the gigaresistance. Duh.

>>53500167
Anyone who checked the chart. Sadly Mumu did not. May he rest in piss.

>>53486806
>if water is frozen it could mean it has become ice
genius AI

>>53470549
I wonder why... It's like a big mystery...

>desperate baggies with fear in their eyes will seethe at this post

>>53456965
Gigadump incoming (basically, sub 10k is programmed and has been for well over a year). But not just Bitcoin; gold and silver will also begin falling (although slower than Bitcoin), both gold and silver have basically topped.

>>53454498
The resistance is higher up the further forwards in time we move. So the fact BTC keeps getting rejected from 23k is increasingly bearish as time goes on, since it's getting thrown back down further and further below the resistance - now it's even failing to touch it.

>>53442680
Who could possibly have predicted that?

>>53442756
Hmmm... I wonder why...

>>53422816
I wonder why...

And down it goes. BTC has been thoroughly and totally rejected at the two giga resistances.

>>53417463
Of course it was and of course they are.

>>53415310
lol what did you expect? one of the biggest bulltraps in bitcoin history combined with two of the most extreme resistances ever

>>53413960
>this is just the new crab range
>>53414013
>23k is an arbitrary number
>>53414363
>Price is consolidating around 23k, not trying to break it

Holy shit why are baggies so retarded? They never ever look at the actual chart; they only check the current number, so they're totally blind to the market situation.

>>53414644
>finna
Nigger, try using English.

It is going to dump hard though.

>>53407222
Your post reveals you're newfag, as you have a newfag understanding of this - and likely you're a baggie.

>You do realize 23k has been continuously tested for these last few days, right?
That is extremely bearish. The more times a resistance is hit and it gets rejected at that resistance, the more bearish it is because it confirms to the players in the market that it's major resistance which most likely won't be overcome. The same is the case with supports; the more a support is hit and it bounces from the support, the more bullish that is because it confirms it as a support to the players in the markets. Of course there are sometimes exceptions, such as when BTC hugged the 6k support (believed by many to be the bottom) in 2018.

>>53406377
>why

>>53404177
>>53404190
>>53404205
Newfags detected! The more times a resistance is hit and it gets rejected at that resistance, the more bearish it is because it confirms to the players in the market that it's major resistance which most likely won't be overcome. The same is the case with supports; the more a bottom is hit and it bounces from the support, the more bullish that is because it confirms it as a support to the players in the markets. Of course there are sometimes exceptions, such as when BTC hugged the 6k support (believed by many to be the bottom) in 2018.

>>53383913
You're not congratulating them on buying the top of the rally right? You mean congratulations to those who bought at 16 or so right? Because buying now would be utterly retarded.