/biz/ - Business & Finance

Instead of drawing meme lines for the bottom you should be drawing meme lines for the top seeing the ponzi is growing less and less.

>>11462961
> muh early adopters
lmao we are going to sideways for 2 years until next halving new fag

>>11463661
No we aren't. It's time.

>>11463648
>the ponzi is growing less and less
Here, ladies and gentlemen, we see an example of a person not understanding log scale.

You are right when you look at it in %, you are wrong when you look at the USD difference

>>11462961
>>11463665
I just applied for a job to get more coins.

Is it too late?

>>11462961
OH NO NO NO

>>11463777
That is ugly.

Hodl.

>>11462961
>he unironically trades a speculative asset based on fundamentals

>>11463912
riiiiight

>6 year trendline
Gee boss

We’re all dead.

winter is comming

>>11462961
You see how those average lines crossed before the uptrend, now see how they havent crossed back over yet. When the cross again its capitulation

>>11462961
yes, we will be crypto millionaires by 2021, boomers are fucked. there's no moderates left in this country, just fascist conservatives and jihadist liberals. there's no saving us with the current political climate.

>>11464268
you missed a couple bro

also what did you mean by this

>>11463671
But percent is literally all that matters when investing.

>>11464529
the differrence is that I have highlighted weekly wick in a *confirmed downtrend* that preceded a second leg of downtrend, that is the significance I am trying to point out. On the other hand, wicks highlighted by you are both already in *confirmed uptrend*, that's the difference

>>11464268
big if true

>>11464709
so basically you're trying to TA patterns off the most manipulated markets (and exchange) in the history of financial markets. the most recent wick was due to the bitfinex/tether insolvency rumors too, you should use a better exchange chart if you're gonna make patterns off wicks.

>>11463777
Am also thinking along these lines anon. Will be weak and get in at 5k nonetheless.

>>11463912
This is exponential growth forever.
>>11463777
This is S-curve style adoption.

One happens in real life the other does not.

>>11463777
So stupid...

>>11465203
this. technology follows S curve. Crypto is technology. the shuttle is about to launch, hopefully you all loaded your bags

>>11464755
Price action is price action, manipulated or not. If you're not going to account for wicks when charting BTC because of "manipulation", then you may as well not trade BTC, which is one of the most notoriously manipulated financial assets today. Besides, non USDT exchanges also wicked out of the descending triangle, albeit with less force, and still ended up back inside. Honestly, chart could not look more bearish. The more the coming crash is delayed, the harder it's going to be. Also, if you think we're going to see a bullrun on BTC with the stock market looking the way it is, you're delusional.

>>11463777
that doesn't take into account shift on the demand side. It alters the battleground significantly.

>>11465748
>that doesn't take into account shift on the demand side
yeah except there isnt demand for btc except speculation

>>11465780
i demand to speculate.

hurf durf bakkt hurrfff blphht burrff green

>>11465306
>Price action is price action, manipulated or not
>if you think we're going to see a bullrun on BTC with the stock market looking the way it is, you're delusional
anon speaks how things most probably are, not what he hopes/fears they turn out to be. There cannot be crypto bullrun until uncertainty of stock market is resolved with its own bear market. Both markets will then reverse back to bull together - stock first, then crypto.

am I banned?

>>11465306
where will money from stocks go when everything is overbought and paper currencies about to collapse and PM are also manipulated by x666 increased supply by derivatives?

>>11465947
Gold? ~_~
You really think stupid boomers will go to cryptos?

we've been hitting higher lows recently even with that drop to $6100. seriously, congratulations to the retards who think we'll drop further after dropping 75% from ATH. now reply to me you butthurt bear fags.

>>11465918
nah there isnt the buying pressure/fomo for crypto now regardless of a stock bullrun, for me its certain that if you sell now you buy cheaper in january..
shorting with lev is a whole different beast, tether pumps can liquidate you.
one thing i am certain is when we will break support hell will be unleashed

>>11465975
If enough people start throwing money into crypto, then yes.

>>11465947
If what you listed happens, then everything is fucked, along with crypto. Are you trying to tell me that something as new, unproven, unpolished, manipulated, speculative and unproven as crypto will skyrocket while the world around it goes to shit? Do you honestly believe in what you're saying? Repeat it out loud to yourself and see if it sounds logical.

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>>11465981
so you are saying that after 2year crypto bullrun we found bottom just after 46 days from the top

>>11465981
going to just ignore the consistent lower highs?

I like the theory that we drop to that green line and bounce off super hard to start the run.

>>11466299
anon, variations of 200 bucks are not LLs but just a statistical noise compared to the staggering proportional differences with Lower Highs you should notice first and foremost.
Price is currently behaving like a basketball thrown from high to flat floor - bouncing and losing momentum with each bounce. It doesn't fight gravity, but going by the path of least resistance, just like price action is. Price goes where liquidity is - will you find it above 6800 or more probably below 6000? Like a bouncing ball, price cannot jump back up in force unless it balls of the roof, hits the new floor in force which will grant momentum to shoot back to sky with force.

>>11466036
there will be collapse, no math fits the current state of economy and political climate, it's impossible to fix
we either going to grug rock after sudden nuke or there will be (((something))) which will be accepted as new system
thing is, if crypto will be adopted then we're fucked, but there's no alternative atm