/biz/ - Business & Finance

>>11313796
>11313796
>>11313796
>>11313796
>>11313796
>>11313796
F A G G O T
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>>11313796

>>11313796op how did u design indicators???

>>11313796
bitcoin price chart is the most bullish thing ever.

>>11313810
I didn't design these indicators

>>11313796
>he thinks you buy when it's bullish
>he uses indicators that lag price action
>can't even see the price action
Stick around anon we will need you to buy our bags once you are convinced we are bullish in January.

>>11313953
None of those indicators lag you fucking tool.
Use your fucking eyes nature gave you to look closer, fucking literal retarded piece of shit.

Fucking starve to death.

oh hey the price has settled near the cost
weird

This is a descending triangle, prove me and OP wrong

>>11313999
Thanks. Forming IMO a falling wedge which I think should serve as the end of the bear market.

>>11313812
Overall yes. But not in the near future

imagine using bollinger bands

>>11313953
>he uses indicators that lag price action

you should need to take an IQ test to trade

>>11313985
>he buys in the bull market and sells in the bear
>entire chart covered in lagging indicators
>hurr durr rreeee none of them lag
The absolute state of biz

>>11314037
>he catches a falling knife

I sincerely hope nobody listens to your advice, pajeet.

>>11314006
near future will pass fast enough. i only buy buy buy it goes up i buy it goes down i buy it goes sideways i buy everything is a buy signal under $100k.

THAT IS ONE HUGE BULL FLAG
JOHNSON

>>11314013
Haha could you please enlighten us on non-lagging indicators

>>11314013
It's great there are dumb fucks in crypto, it's the easiest market you can trade in.
>>11314009
This. See this is low level of charting is a bull signal

>>11313796
Holy shit, is this chart for real?

>>11314009
Don't use it on big timeframes. Just oa 2x1 indicator. BB are good for smaller time frames and day trading you swine.

>>11314046
If I caught the falling knife how is that bad? It sounds like I made a great play, dumbfag.

>>11313796
lmao very colourful. Why not throw a few fib spirals in? Might as well colour in the whole thing.

>>11314087
Yes.

Can anybody offer a bullish interpretation of BTC's chart?

>>11314089
20 periods behind price action, sounds great. You may as well flip a coin.

>>11314102
literally anybody with a brain can
its bottomed. it was a weekly bull flag.

>>11314095
Very nice isn't. Colorful and reliable.

>>11314110
Jesus, man, get the fuck out of crypto. You'll save your money.

>>11313796
>From where you're kneeling it must seem like an 18-carat run of bad luck. Truth is...the market was rigged from the start.

>>11314102
We've held the most important weekly levels. Momentum looks good on the weekly and daily. Fundamentals are better than ever.
The descending triangle is a psy-ops. Imo we wobble sideways out of it for months to come.

>>11313796
people who really know don't tell/deceive and people who really don't know tell/deceive

if you ain't lucky you're sol all this shit boils down to so whats the fuckin point

>>11314124
>>11314112
It's quite interesting. People loved posting the log chart right around denial or anger, but what if it shows clear accumulation?

Then again, how much longer can 6k hold for? 4.5k seems like the new meme bottom

>>11314127
People who really know, can sometimes, tell.
And I don't give a fuck about whether I am right or wrong. I am a trader and /biz/ doesn't have the capital to do shit.

>>11314121
Why would you want me to leave if I'm dumb? I want you to stay, I don't want smart competition. Crypto is full of retards like you, it's great.
t.cryptoneet

>>11314152
Pic related is you

>>11314141
6k is actually not all that important, it's just comfortable clearence above the mid 5s which is the real danger zone.
If we close a week under 5.5k, then 4.5k would not hold. We would be on the painful journey back to 1. It's up to the MMs if they want to keep going or not. At the moment it looks like they do, right?

>>11314171
I don't think that is feasible.
4.5k IF it happens will be a quick bottom with a very rapid bounce. Everyone and their mother would be buying BTC at those levels.

>>11314162
>he posted his chart with 20 lagging indicators completely covering it seeking validation
>he thinks the more indicators you have the more accurate your calls will be
>he gets mad and defensive when he doesn't get validated
>being this new
Every single indicator on your chart including the HA candles lag price action.. lol you can't make this shit up

>>11314225
Troll.

>>11314200
Ok I don't know maybe an insane 1 day wick or something. But any sustained action below 5k is rip. And btw, it isn't "everyone and their mother" holding 6k with their lunch money :)

>>11313796
zoom in a little and draw a bullish meme wedge

>>11314237
>>11314171

Good thing we have retards like you around. I guess you would even short after another 35% decline.

I will take a fat ass loan to buy bitcoin if it hits 4.5k. It will 100% be worth more than 6k in 2020. I will be so rich

>>11313796

RETARD ALERT

WEEE WOOO WEEE WOOO WEEE WOOO

ALL HANDS ON DECK

WEEE WOOO WEEE WOOOO

RETARD ALERT

RETARD ALERT

>>11314351

This is why it isn't going lower

Everybody wants to get rich, but only a few people can be rich. So to be rich, you must be in the most difficult group to be in, and that is those who are willing to take the risk when people are at their most fearful, but at a price that is sufficiently expensive to keep it out of the hands of all the plebs.

That's right now. This is the rich person's accumulation period because it's after the unthinking hype driven plebs have lost their savings, but above the price area that would allow the rest of the plebs to participate.

Biz won't be getting rich off of Bitcoin anymore. Crypto is now basically out of the hands of everybody apart from people who are already wealthy.

Some will continue to get lucky trading shitcoins however, but this is the effect of survivorship bias in a casino more than anything.

>>11313796
thats the shittiest TA ive seen so far here, gas yourself faggot, i would like to know your thought process when drawing the 2 azure lines, actually please dont

>>11314090
>>11314071
You clearly have a hard time reading.

>If I caught the falling knife how is that bad? It sounds like I made a great play, dumbfag.

LOL. I hope this is sarcasm this is hilarious

O P
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>>11314200
If it breaks through the 5.8K to 6K support weve been at and stays there it will ruin confidence in the market completely. Idk why people think retesting a bottom is bullish along with lower highs. It's literally showing that the buying power to push the price up is no longer there and all that's left is people hanging on just to break even (aka desperate NEETs and normie bagholders). Its market psychology.

>>11314536
4.5K would be just the start. Ofc the price could break upwards even in a descending triangle if there is some sort of catalyst (ETFs etc.).

>>11314536
Sell your bitcoins to me for 4.5k. I’ll buy them all. You will beg me to get them back in a few years

>>11314536

except it wouldn't stay there for longer than about 5 minutes. there are people chomping at the bit to buy any dip they can get their hands on. big money didn't get enough time to accumulate sub 6.2k and they keep trying to fake downward breakouts to get people to panic sell.

buy and hold. "market psychology" is that we've already bottomed out and dumb money has been made scared while smart money is accumulating at these amazing prices.

>>11314560
I've already sold so I dont have to worry about selling my BTC at low prices. I'm watching the market which clearly you dont

>>11314312
You didn't understand my post, but that's ok.

>>11314570
>except it wouldn't stay there for longer than about 5 minutes. there are people chomping at the bit to buy

Dude you're contradicting yourself. If these were great prices people would buy. 6K is fucking EXPENSIVE for BTC unless you're actually a newfag

>>11314491
>You clearly have a hard time reading.
>he catches a falling knife
Catches implies success. Why would it be bad to successfully buy bottoms? The absolute state of biz, this is a bull signal, dumb money is here and waiting to fomo buy our bags once the price is up.

>>11314589

4 years ago in you would have said that 200 is fucking expensive for btc because last year it was at 70 and the year before that it was at 30. it's a new fear and greed cycle brewing bro. this is a new cycle. 6k is wicked cheap if you offloaded at 16k+ which most smart money and miners did.

>>11314606
hehe epic troll

>>11314611
You realize BTC has almost always retraced to ATH of previous bullrun right? Btw if you think the bullrun started in summer of 2017 you are definitely a bonafide newfag. 6K is EXPENSIVE. yes I think eventually it will be way higher than that, but considering when the past bull cycle started we are still a bit away

>>11314636

kek

>he thinks that 2013 was a separate bull run than 2014.

you wanna know how i know you're a newfag?

the "retracement" from 1000 to 200 was NOT the previous bullrun, believe me, i first bought btc in the summer of 2013. it was all one big push up from 5 dollars in 2012.

the summer of 2013 was not "bear market", it was the first selloff where we went back and kissed the weekly ema for about 2 days at 70 and then continued our rocket from 5 dollars up to 1000 dollars.

newfags on tradingview want you to think that we always retrace to the previous ath. if that were true, we would have gone back down to about $30 instead of $200.

>>11313796
>not knowing about passing 2/3 of the descending triangle
lmao

>>11313796
Cup and handle

>>11314655
>he thinks over one year of declining is not a bear market.


How could one be so dumb even after having been in crypto this long?

>>11314681
i was there, man, sitting on my laptop buying on Gox during summer classes at college. no one thought it was a "bear market".

>>11314636

>waiting for 1k
>price goes to 10k
>"...an..any day now..those p-p-perma bulls will be re.."
>15K
>"j..j..just a f-fake out, tonevays says we're going d.."
>22K
>[REGRET AND PANIC SET IN]
>28K
>[DEPRESSION BEGINS, SWIRLING ANXIETY DEFINES REALITY]
>35K
>[STARTS BROWSING JOB THREADS AND TRIES TO FORGET CRYPTO, BUT IT'S PURE DENIAL]
>55K
>[SEES YOUTUBE VIDEOS OF 14 YEAR OLDS WITH NEW LAMBOS, TRUE STINGING DESPAIR SETS IN]
>78K
>[FINALLY BUYS IN] "maybe this is new paradigm"

>>11314655
What was the previous bullrun then?

>>11314688
>>11314681

it was a lot like in summer 2017 when we dropped 50% from 3xxx to 1xxx after that first insane push. retards were screaming that it was over and how could we be so foolish, turns out like one day later we were back up to 2xxx and within a week we were breaking 3k again.

>>11314699

the bullrun that ended in 2014 at $1000 was a continuous push up from $5 in 2012 with a major "first selloff" during summer 2013 that kissed the line at 70 for 2 days and then rocketed back up to 2xx within a month or so.

>>11314655
checked. this guy goxes

>>11314690
That's a lot of projecting for someone so confident.

>>11314703
>>11314688
Yeah you're either a terrible trader or a newfag lmao. I'm sure you've made money as literally everyone has, but it's not because you know what you're talking about. As I said you will probably make money in the end as it will definitely go back up, but that's because you got in at the right time rather than actually knowing how to trade. I dont even blame you that's way better than not getting in at all, but you might be in for a lot of pain in the near future.

>>11314741
kek, 90% of "traders" lose money in the long run, and you will definitely be one of them. literally the only way to make money in crypto long term is to buy in at the bottom of the fear cycle and wait for the next greed cycle.

and even if you're one of the 10% of "traders" make money, only a fraction of that 10% do better than if they had just bought and held.

it's true, i've seen people like you come and go for 5 years. nothing new under the sun. you're cocky now, you've made some good calls, but you'll get knocked down a peg or 5 and wish you had just bought and held.

>>11314771
>kek, 90% of "traders" lose money in the long run


Nice reddit meme, hodl tard. 90% of traders fail but what they dont tell you is that those 90% are like you who tried once and failed miserably then gave up.

>it's true, i've seen people like you come and go for 5 years. nothing new under the sun. you're cocky now, you've made some good calls, but you'll get knocked down a peg or 5 and wish you had just bought and held.


Yeah holding from 20K to now was a really bad idea. So was selling in 2014 and rebuking at the end of 2015. I understand charts are hard for you to understand, but dont be surprised there are people out there that actually try and succeed. Hope your happy with your hodl gains in 2020.

>>11314807
>Yeah holding from 20K to now was a really bad idea

Really good*

>>11314771
a trader (or any gambler) only has to be right 51% of the time to be profitable.

>>11314807

lmao you're such an arrogant little imp. i never said that i didn't sell the greed cycle. you have to sell the greed cycle, but if you're making more than 1 or 2 trades PER YEAR you are literally going to lose money. sell the top on the monthly chart, buy the bottom, don't do any shit in between. that's it.

i've already made millions selling the tops at 1000 and 20k. but i'm definitely in the process of reloading in a major way at 6k, because this is unquestionably the bottom, and if you can't see that with all of your TAfag shit you are going to be blown the fuck out.

>>11313796
luckily btc doesn't need to "look" bullish to moon, but have fun messing around with your meme lines little ta fag

>>11314836
>lmao you're such an arrogant little imp

Am I saying too many big words for the dumbass?

>i've already made millions selling the tops at 1000 and 20k

LOL

>>11314848

it's true. i currently own 203 btc and about 1.5 million in fiat. i'm not saying i literally sold at 1000 and 20k on the nose you jackass but in the region.

>>11314854
it's really not that hard when you're operating on a monthly timescale to see the fear and greed cycles changing.

>>11314836
How do I know when a new cycle starts or ends senpai? How do i know when the monthly bottoms or tops?

>>11314870
No more pink wojaks on biz, I'm serious

>>11314854
You went from saying you're better off holding to you like to and time the market as well. Idk how to make it any more clear to people that you dont know wtf you're talking about LOL. At least you made money though so that's a win for you

>>11314900
try and time the market*

>>11314866
What do you look for? Is it similar to people calling for 100k like people call for 1k now?

>>11314900
most people don't consider making multi-year trades, i.e. holding for years at a time and then offloading some at the tops "trading" but rather investing. just because i haven't been holding the exact same stack since 2013 doesn't make me not a holder, and it definitely doesn't make me a "trader" i don't identify with your breed whatsoever.

that's not what people normally mean when they say "timing the market." it's investing, dude. not "trading."

you are literally better off holding than making 30+ trades a year. that's holding man. it doesn't mean you're not "allowed" to sell any at any point. nice straw man.

>>11314908
>>11314870
a lot of it is intangible. listening to the community, looking for a bottoming out. when people start calling for insanely low numbers during bear markets i.e. "doomsday scenarios" while the price remains flat or at least above a certain floor for a long time is a good indication of a bottom. when people are fudding btc and saying it's all useless is a good time to buy.

i see all of those things now and i see a stable price. i see a lot of people saying that they'll "buy if the price reaches" x, y, or z, lower point, which means a lot of money is on the sidelines.

as for the tops, i look for "going parabolic" and the general sentiment of the community. for the 20k peak it was very clear that we had gone parabolic because we increased 3x in a few weeks after almost 2 years of going up. everyone was talking about it everywhere, google trends data had spiked like crazy for bitcoin. rappers and celebrities were talking about crypto, etc. newfags don't know this but the exact same shit happened in the winter of 2013/2014.

that's what i look for. a lot of intangibles, sentiment, and only very rudimentary "looking at the chart." there's no indicator or triangle that can tell you. i also look for log channels on a very long timescale as expert oracles such as masterluc.

>>11314957
>you are literally better off holding than making 30+ trades a year

Who the said I make that many trades? I've been out since 15K because the writing is on the wall

>>11314977
we're clearly not looking at the same writing on the wall, let's just leave it a that.