/biz/ - Business & Finance

>>12237309

>>12237314

just look at the negative divergence on the RSI and you'll know this thing is fucked. Also the funny thing is it isn't even done yet, I agree we see a wave 2 up to the 3900ish area before the big wave 3 down to low 3000s

>>12237337

go kill yourself worthless faggot. I was calling for 5k back in june when BTC was 6k solely on this """meme line"""

>>12197050

OH NO NO NO NO

Look at bitcoins volume, it's absolutely abysmal. I know you guys like to think "2 da moon!!!" but for that to happen you need volume and liquidity, that simply doesn't happen when you have no volume. Bitcoin could very well be "dead money" right now, with most big investors cashing out and letting it trade in a sideways 4-6k range or something.

If you look at some other futures you will realize their volatility and swing trade potential is based almost solely on the sizes of the short/long trade. You can pull up a chart of WTI and trace that drop from 60s to 20s, but you should also understand that at the time there was a RECORD number of shorts, that's the reason it was so liquid and volatile to the downside. There was BIG volume on the parabolic move upside, but since even before 20k, everybody got out.

In summation, if there is no volume bitcoin is dead money and you should just stop hoping for a miracle bounce, your money is stuck in a perpetual 4-6k range, and possibly lower. There is a possibility that bitcoin will never see above 7k again. Trading isn't for kids nor is it a game, just because something goes up or down doesn't mean it will go there again. Look at the Nikkei 225 for example.

best of luck, bag holders (:

Does anybody who trades actual securities think the bagholding crypto shills are hilarious? They honestly deserve what's coming to them, lmao how the fuck are you going to let your position drop by 10% without a stop loss? Like do you think its just a game? Fucking laughing my ass off when shitcoin is red. Meanwhile im up 8k friday alone trading crude futures. Fucking kids lmao, get a job

bitcoin is done. Im telling you this to save you from your suicide. Cut your losses and start shorting the pops

this pig is going to test 5k EASY, you'd have to be mentally retarded to try and catch this knife. 10 month support has been broken. The ride is over, it is entering a bear market. Short the pops, ugly ass chart