/biz/ - Business & Finance

>>11110083
Too much to the upside in the latter part of the month
It may go to 7k though once it bottoms out, but it's gonna be a slow grind

>>11110106
>>11110083

t. nostradamus

The peak of January is too recent in peoples' minds and it gives them false hope. Once December comes and everything keeps the same, the price will plummet afterwards.

>>11110204
I dunno that sounds kinda retarded to me

>>11110083
Keep larping OP.

We aren't going below $6000

>>11110417
you should learn the definition of a word before you use it

>>11110564
Ultimate kek

>>11110417
OP, we went through this phase like 7 times now.

>>11110083
Trouble is 80% of falling triangles like this signal more bad news.

Just think for a second what that means. At 6k we have purchase demand but that demand remains stagnant. The falling tops means that the bulls have less demand on each attempt to pull out of the bear market. This means the buyers at this level will begin drying up so the support breaks.

We must have a longer sequence of higher lows to demonstrate demand side competition.

>>11110619
There will be one more capitulation wick that breaks the 6k resistance, just like what happened in 2014 right before the start of the recovery and slow upward march. I think that's what we'll see here as well. This time the crash happened much faster than 2014 so hopefully we reach new ATHs much faster as well.

pic related. Look familiar?

>>11110083
Obviously
September 30th ETF delay until Feb 2019 will cause the dip
Then until then big accumulation via BAKKT, sideways/upwards btc
Then approval in Feb makes a violent spike upwards

>>11110204
sounds about right actually. if january comes and we are down/sideways, the final deluded december'17 buyers will dump

>>11110719
yes, that's called "the recovery" or "upward trend". What do you think I'm predicting lol

>>11110417
>imagine being so delusional and in such denial, you actually convinced yourself that 2013 $1k peak wasnt the first sell off

Holy shit, just accept that your money is gone. Its better for your sanity in the long run

>>11110727
spooky

>>11110727
you're right, but i'd rather call it bear euphoria than capitulation, because it'll be bought up quickly

>>11110727
looks more like a falling wedge than a descending triangle.
After al the more pople involved the slow it changes.

>>11110773
this, spooky though

>>11110083
this is correct. anyone 100% in BTC is going to miss out. the time for select alts is now. Oct-March is alt season, March/April BTC launches into space for good. see you guys on Alpha Centauri.

Alright frens, here’s my story. I’m a regular on this board for over a year and I’ve still yet to put any money into crypto. Why, you might ask? It’s too fucking complicated and I’m not convinced I can ever cash out. I’m a prime candidate for a crypto holder: I hate banks and the government and love the idea of decentralized currency. If I haven’t bought in, wtf makes you think normies will?

>>11110083
unironically this, just make it 3.6k instead
The dip will spark the golden bullrun to 40-50k. Retards will sell off, smart people will short it

>>11110564
That was the correct use of "below" though

>>11110083
>prove me wrong

Happy to

>the lowest BTC will go this year is $5800
>higher lows are being established
>we're unironically going up
>OP to retarded to understand this
>bearfags desperate for BTC to go under $6k because they know how fucking retarded people will think they are if it never goes below
>they also know /biz/ has been screenshotting their retarded posts when the inevitable bullrun happens
>BTC is the lowest it will ever be
>buy now
>or don't
>buy high sell low, the /biz/ way

Fucking faggots

>>11111733
Just let them bask in their stupidity. It doesn't matter. It's been 9 months and major money will be coming in one way or another. Bakkt, ETF, trading desks, etc. It's not going to dip because $5800 is the lowest it went and got eaten up within minutes.

>>11110736
never

>>11110733

But the delay isnt possible. (((they))) said that btc etf has to be approved or rejected. No delays allowed. Also our guy put a new sec member pro crypto

>>11111920
>Major money
The cope.

>>11111733
look at the chart in 2015 and you will understand how deluded you are
sorry anon

>>11110083
All the "extreme" low points are at same area of price. u can see exactly where the floor is and it hasnt changed yet. last year it was 3500 so bitcoin is keeping its path up despite all the fud against it here >>11110083

Take a look at what happens when you plot it against trade count instead of time.

>>11110083
Pretty much exactly how I think this all is going to go.

What do you think the next top is going to be, /biz/? I think we're going to $800k this cycle.

>>11112538

seems legit. I follow Mcafee for 1 million at 2020

>>11110083
you know bitcoin won't go below mining costs, right?
you'd have to retarded to think millions of miners are just going to sync into liquidating this new technology for no fucking reason with no fucking replacement what so fucking ever
and before you meme something about 'bitcoin has no use', remember that companies and people use it for transfers
you can transfer millions of dollars between countries on the other side of the planet for a couple cents bypassing bank taxes
but of fucking course you don't know that, because you never left burgerland, have you, you little mutt

>>11111733
is this a joke?

>>11111111

>>11111889
Yet another retard bull who doesn’t realize he’s the one who will be in the screencap compilation.

>>11110083
I'm expecting something more like pic related

>>11112538

>>11112661
if it's going lower than 5500, it's gonna burst back up!

>>11112661
Id love to see a thread like this
>where do you think it's gonna go?
>hundreds of charts
>average them out
i know people would call out data mining right away but I think if it ended up public it would be interesting

>>11112428
what am i looking at?

I saw a pattern like this on a currency pair around 2009.
It did basically what you drew, fake breakout to the south, but then kept ranging in that expanded wedge area for the next few years

everyone was saying the wedge had to break out to the top or bottom, but it did neither

>>11112237
no, i don't think so. i think they can defer for 6 months and THEN its the last one

>>11113153
cope

>>11110417
Legit stuff. This guy fucks

>>11111215
There's no incentive. Let's say, Amazon allowed crypto purchases and even made their own coin. When selling or paying for something at payment selection it might say 'hey, buy with AmaCoin™ for a discount!!'. Then normies might get into it.

>>11113470
>There's no incentive
other than being your own bank

>>11113533
I meant for the average person. There's a massive advantage for other people.

>>11113533
people don't want to be their own bank any more than they want to own guns and be responsible for defending themselves.

>>11110083

When a major support line becomes a resistance, it creates immense downwards pressure and it becomes the bears support line for bringing the market down.

>>11113566
>>11113571
It takes normies a long time to catch up. Still, billionaires and intelligent multimillionaires care, and when they finally understand (as a group), it'll mean bit things for crypto. I don't care about the short term or your grandma and her $100k savings account.

>>11111215
>you miss all the shots you don't take something something

>>11111733
very organic

To the people who don't think Bitcoin will go up in price with time, try to understand this:

Bitcoin can not inflate further past 21 million coins. The dollar is inflating constantly. Bitcoin, just by holding a steady value, will go up in dollar amount because the dollar is inflating into nothing. Bitcoin will appear to be increasing in its dollar amount when in reality it's holding its value.

It's not Bitcoin appreciating in value with relation to a steady dollar, it's the dollar depreciating with relation to a steady bitcoin.

When you're trading alts, BTC is the 'base' and your alt is the alternate. This holds true with dollars. BTC is still the base. The US dollar is the shitcoin.

I know this may be difficult to understand but try

>>11113940
This guy fucks

Ran this through my analyzer, this has a 3/8 proabability of occurring