/biz/ - Business & Finance

>>11514920
Idk

>>11514920
its like you idiot bears don't understand the word "support". You just ignore it because some fucking RSI is about to touch 40... wow. Fucking brilliant

Meanwhile, 6000 has been the floor for BTC for quite sometime. You really don't get how many people would leap at the chance to get BTC at 5k. If it actually dipped again, which is most likely will, it will simply be a huge bear trap, because its obvious this shit will moon in the long run if you actually understand BTC/crypto. But since stupid bears have to be shaken out and their actions will be predictable, it will definitely dump a decent amount one more time before the real bull run starts.

>>11515000
it's because the floor is so obvious that it's not going to hold. There's no buy pressure anymore.

>>11515251

How long has that been obvious?

>>11514920
selling now into fiat would be the wisest idea, lots of exchanges are going to pop, along with this bubble

>>11515251
Yeah I would say the last 5 months at least were just whales painting the wall. It’s so obvious with that low volume.
I don’t want to know how much this will fall once gox coins will sold ouf

>>11515251
>>11515594
>>11515620
>>11515638


It's the most perfect descending triangle ever created. It is weird.

>>11515671

Not really because its broken out of the triangle from the January top twice and there are 2-3 different descending triangles. But its actually a descending wedge

HIGHER LOWS

By not reading tea leaves. How was your horoscope this morning anon?

>>11515752
That was true until we went touched 6.0 and held at 6.1 about a week ago.

>>11515736
>But its actually a descending wedge

>>11515860

Prove it isnt dumbass

>>11515000
Idiot bears btfo

>>11515923
it just has to paint a red candle to invalidate it

Accumulation

>>11515000
>>11514920
>>11515958

>tfw you're a bullish bitcoin maximalist but you want the 6k support broken because you want to get at least 1 BTC but you currently don't have enough fiat

Please bobos, break that support for me.

>>11516043
Same. Some say we could see 1K or 2K again. I cant fucking wait.

>>11516063

>some
>say

>>11516063
That's too optimistic. I have 4.5k USD on bitstamp right now. Once BTC hits anything below 5k I'm pulling the fucking trigger. And so will many others. Maybe looking at all order-books from all exchanges could give us the clue what the sub 6k support would be.

>>11516091
>That's too optimistic

Yeah I know that's my best case scenario. Realistically I think itll be 3-4.

>>11514920
Because ta is useless you moron. Ta is unironically complete bullshit

>>11516101
Even that is unlikely. That's exactly why there is support at 6k, because people will buy up everything that goes below to load their bags. I fear that this may actually be the bottom. Maybe a small dip to 5k for like an hour. Place your limit orders now.

g-guys.. why is everyone market selling eth?

>>11516137
cause it's shit

>>11516126
Every time weve tried to make higher highs we get rejected hard. Buying power is leaving crypto and the recent slew of good news didnt even make a dent. Once confidence is gone it could be a hard and fast fall and the only reason 6k is "support" is just because that's just the market psychology right now. Chinks can mine for way less than 6K theres no reason for the cost to mine to be a factor in price. Also with the tether scam being unfolded in the near future huge pumps could become fewer and farther between. Theres plenty of reason to think 3K is the real bottom. And if the tether shit turns out to actually be really bad then it could be catastrophic. However, I am still extremely bullish long term and this wont matter in 10 years IMO

>>11516178

none of this is true. all of it is wrong. it is wrong.

>>11516243
>literally every chart says we have had lower highs

it's almost like you are blind. Also yes electricity is cheap as fuck in China and RU.

>>11516178
3k is return to mean

>>11516271
Reminder that the previous ATH before 20k was just 1k. Man, if people in 2014 could hear us say shit like "if only BTC would go back down to 3k".

>>11516178
What's with the tether fud? It didn't collapse, so what's the big deal?

>>11516338
>hasnt been trading at $1 for over a week now
>bitfinex had their accounts closed by some banks
>when tether dies there will be no more huge pumps as money cant just be printed out of thin air


All these new stable coins are good for crypto in the long term but tether will still cause some pain IMO

>>11516366
Do you really think bitfinex is running a scam with tether? Isn't running a large exchange extremely profitable? What's even the point? Is there any reason to believe that Tether is not actually backed by USD aside from them refusing audits for some reason?

>>11516391
Tether is one way exchanges shit on margin traders. As we all know, these exchanges will mercilessly margin call people with dildoes up and down. That's where they make a ton of their money especially now with decreasing market volume. Liquidating goys dumb enough to gamble.

>Is there any reason to believe that Tether is not actually backed by USD aside from them refusing audits for some reason?

They havent bought back tether to fix the price disparity between USDT and actual USD. They could be insolvent which means they are kaput eventually

>>11516443
Also I think the fact Gemini and coinbase just put out their own stable coins shows the growing lack of faith in tether. Tether is dead soon imo

they justify it by being delusional for bagholding a dead asset since january. if they werent bullish and instead accepted that crypto is going no where they would just go insane. the delusion bubble will start popping when they see that bakkt isnt gonna do shit

>>11516539
I haven't even bought yet, moron.

He trades with RSI... FUCKING LOOSER

>>11516391
>Is there any reason to believe that Tether is not actually backed by USD aside from them refusing audits for some reason?

Is there any reason to believe that this fine gentleman is not actually the owner of this bridge? Aside from him refusing to show proof of ownership for some reason?

By the way, that is the 1W chart.

If you didn't notice there's literally no interest in buying BTC at 6500.
The pump to 7700 was just because people thought that USDT was going to 0 and sold at $0.85 their $1 to buy BTC.

And that wick up will go back to a wick down.
There's where you should load the ultimate dip, before the next bull run in 1-2 years.

>>11515000
>t. january btc bagholder

>>11515000
calm your tits, you really think bears want to short ponzi to the ground? we just want to take advantage of that dive to 5k is all

>>11518524
This. Holy shit bulls are pathetic and autistic

>>11514920
Bulltards only look at 15min chart

>>11518593
*1 min chart

>>11516126
i place my limit orders every night anon. every fucking night.

>>11516271
which mean...

>>11516256
lower lows have been rejected hard too
face it $6k is the bottom buy the dip or cry later

>>11515671
>>11515860

muh descending triangle

if there is no more FOMO and the ponzi no longer fed, perhaps anon himself is the bigger fool in this game
we'll see another bubble eventually but it'll get a lot worse before it gets better; 6k btc is still a fabulous valuation but that won't hold 100%
if anon hasn't liquidated in Q1 because it's babby's first bubble then salvage what you still have today and put it under lessons learned