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/biz/ - Business & Finance

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10687633 No.10687633 [Reply] [Original]

Notice how we haven't broken triple bottom support? These shorts are about to get fucked hard with one massive green dildo.

>> No.10687674

The market is overloaded with dumb money. People don't even look at retardidly simple shit like this.

>> No.10687699

>>10687633
You make a good point but consider this:
Your triple bottom support has shown signs of cracking, bouncing at $6300 in Feb, $6600 in April, $5800 in June, and now $6000. These "bounces" aren't as consistent as the downward trend meme line that resistance has bounced down from every single time it got touched.

>> No.10687716

>>10687633
Bitfinex about to liquidate the shit out of those shorts

>> No.10687717

>>10687633
Market sentiment is also very negative. You think everyone is gonna get happy tomorrow and forget about losing their life savings on internet money? It takes time for sentiment to return.

>> No.10687740

>>10687633
We touched 5,9k just yesterday. Your stories about shorts being rekt are irrelevant at this point because the downtrend is getting stronger by the minute.

>> No.10687756

>>10687699
the downward trend line has been broken at the 24th of july

>> No.10687761
File: 81 KB, 954x463, trendandema.png [View same] [iqdb] [saucenao] [google]
10687761

>>10687674
Agreed. Smart money buys when the streets are covered in blood.
>>10687699
The last bounce up actually got above the downward bear channel / resistance line and almost broke the 200 day moving average which is pretty big. The bears are running out of steam. If we make a new lower low of say, 5600 I would start to get worried. As of now though, we've technically made a higher high from our last low of 5777 up to 5900-6000ish.

>> No.10687771

>>10687761
higher low*

>> No.10687775

>>10687633
Finally valuable information on /biz/

>> No.10687790

>>10687717
If there is on thing I learned on crypto, it's that sentiment turns incredibly quickly.
All you need is a spark and the FOMO is on.

>> No.10687791

>>10687775
its been on reddit for hours, with real analysis and discussion

>> No.10687818

>>10687756 >>10687716
This and this.
>>10687740
Down trend is actually showing weakness - see July 24th and we're still sitting on a higher low from 5777 (currently)

>> No.10687833

>>10687761
Seriously? A $200 difference is enough for you to call it a higher low? LMAO

Now that's desperate.

>> No.10687834
File: 13 KB, 1205x246, old_fag.png [View same] [iqdb] [saucenao] [google]
10687834

>>10687791
Get the fuck back to plebbit, faggot.
>>10687775
I mean, it's obvious... isn't it?

>> No.10687873

>>10687818
$5920 - $5777 = $143

So you are basing your entire reasoning on a $143 difference. Fucking kek

>> No.10687895

>>10687633
It’s actually a quadruple bottom now but I agree we will moon soon

>> No.10687898

>>10687834
>I mean, it's obvious... isn't it?
It is obvious for people with more experience than 6 month. But half of /biz/ arrived in December. It's their first bear run, and they panic.

>> No.10687905
File: 2.76 MB, 304x332, havent_waged_slaved_in_9_months.gif [View same] [iqdb] [saucenao] [google]
10687905

>>10687833
I am correct, technically. It might be a small higher low, but none the less. Also, see pic >>10687834
you think im desperate holding coins from '13?
>>pic related.

>> No.10687922

>>10687898
I forget how many retards we've recently acquired I thought most of them are kill at these prices.
see plebbit dipshit >>10687873

>> No.10687932

>>10687791
so go the fuck back to that place you faggot

>> No.10687941

Shorts are already swimming in literal cash and are all long now

>> No.10687945
File: 24 KB, 1346x233, gtfrd.png [View same] [iqdb] [saucenao] [google]
10687945

>>10687905
>you think im desperate holding coins from '13?

You want a medal?
>>pic related

>> No.10687960
File: 237 KB, 801x684, 1532986662856.png [View same] [iqdb] [saucenao] [google]
10687960

Easy to see the bulk of the shorts has been opened above 7K.. So sure, we'll probably get a squeeze at some point. The bigger problem is that there is not new money entering the market, it's just moving from alts to corn.

>> No.10687968
File: 1.95 MB, 320x362, retired_at_25.gif [View same] [iqdb] [saucenao] [google]
10687968

>>10687945
no dipshit, I was just proving a point to this literal retard >>10687873
>>mfw he thinks im desperate

>> No.10687991

>>10687968
You posted your screenshot before tho. I think you were trying to show off, but it's alright.

>> No.10688004

>>10687991
"showing off"
are you 13?

>> No.10688015

>>10688004
You're asking this to yourself?

>> No.10688042
File: 2.00 MB, 300x186, hegotme.gif [View same] [iqdb] [saucenao] [google]
10688042

>>10688015

>> No.10688154

>>10687633
They have been attempting short squeezing but ever time they do it gets scalped to death.

>> No.10688187

why do people love to short the bottom and long the top

>> No.10688189
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10688189

>>10688154

>> No.10688205

>>10688187
Listening to their emotions before their head?

>> No.10688207

>>10688187
Because everyone and their grandma thinks their smart enough to not get fucked on short / longs. Most people are too stupid to go against the herd, that's why they're in the herd.

>> No.10688220

>>10688205
this and herd mentality.

>> No.10688925

>>10688187
Because they are trading continuation and don't realize that the rate of descent slowed then reversed.