/biz/ - Business & Finance

>>13217741
that's a lot of work put into an image just to get btfo on a short squeeze

Bump

>>13217758
Twice

Anyone?

>>13217850
double yikes...

>>13218222
Can you give me a quick rundown?

>>13218222
checked. this place is dead bro. sell and come back in 1 or 2 years

>>13218235
yikes indeed

>>13218222
ANYONE??

>>13218257
Seems perfectly reasonable. What are you looking for exactly?

>>13218278
Your right I’m coping hard rn

>>13218242
*decades

I got a hard on reading this this exactly what we should all hope for if we finally want to be 'smart money'

>>13217741
Open a long position on btc because it's officially bull seasonot

>>13218237
Faggot everyone called capslockanon kept coming to biz and fudding about how bitcoin was gonna crash to $1500. Turns out he was serious about trying to short the bottom of the market and got squeezed out of his shorts. After he got squeezed, he opened a new short position and most likely got squeezed again. He's most likely killed himself by now. He was a retarded queer

>>13218807
reminds me of that guy on /r/wallstreetbets who kept shorting the the 'top' of the market and it just never dropped.

>>13218870
Yeah. A bunch of retards on here supported and listened to that idiot and lost a money also. The same retards are most likely going to keep trying to short it and causing squeezes until it reaches clear bull market territory.

>>13218807
even Angelo got btfo. this whole week was crazy. very hard trying to time the market with leverage.

>>13218940
If you were lurking around here a couple months back, some anons were dropping really good insight into how BTC trades. People think this cycle should take longer than the last one but they don't understand and they've proven that they are most likely still new to crypto or just don't understand

>>13219077
any links to archived shit?

>>13219101
I didn't save any. They had gifs and all kinds of good shit on here. Now we're overloaded with permabears posting fud

>>13219077
So we getting any pull backs

>>13219147
I wouldn't be surprised if we get some pullbacks but I'm not great at timing the short term moves. I've already accumulated the hell out of my coin of choice. If you look at weekly and monthly charts with the bollinger bands you should be able to find some decent points to buy in at.

>>13217741
I would be surprised if oyu can find the answer to this question here

>>13217741
is it not a theory in economics that market fluctuations are based on buyer and seller emotion and you can not create a pattern that lasts forever. you could accelerate any cycle if you increase or decrease buying or selling pressure 10x

>>13217741
it wasnt real man i dont understand how people dont see this for what it was - the most obvious short squeeze of all time

>>13217850
i didnt get liquidated twice retard im still open

>>13217741 (OP)
it wasnt real man i dont understand how people dont see this for what it was - the most obvious short squeeze of all time

>>13217850
i didnt get liquidated twice retard im still open

and yes we are still going to 2k and bullfags will kick and scream all the way down

>>13219304
The way that they bought the 20k btc makes it super fucking obvious that it was a hunt and they didn't even try to hide it

What's a short squeeze?

>>13219304
exaaaaactly. this whale buyer could have just bought otc and got way cheaper but he wanted to pump the price before dumpjng

>>13219388
god youre lazy

>>13219392
bingo

>>13219350
I'm aboard with this
Will btc reach 20k again? I think so
Will we see 3k before that? I also think so

As much as I wish for the rally, this one is just too fishy, 3 massive orders on 3 exchanges which are
one big order. Either it's manipulation, or some algo came out with a tipping point value at which an order of this magnitude would bring the market with it. If this same order comes back to sell at ~5k, the market will topple, and that 20k btc holder will be 20 mil in the green


All in all, starting to DCA now, two months ago, or in two months won't make a big difference for those playing the 3-5 years game

Just sold shy of 5k. Will rebuy ~2.5k for a nice ~100% gain. All indicators are screaming prices lower. With volume this low, another moderately-sized market sell could easily send this thing back down below 4k.

>>13219350
Tripfag so I can block you

>>13219350
Haha wrong. Just because it happened doesn't mean it will happen again the same way. Bulls understand this. We are officially in a bull market

>>13219464
Fairly certain now it's not going below a double-bottom at $3100. I doubt it will even get that low.

Technicals are clearly bullish now. Above 200D MA. 20W and 10W MA bull cross.

Fundamentals and industry developments are better than ever.

Halving coming in ~14 months -- we're running out of time for another prolonged bear market before halving FOMO.

And there's this:
https://ethereumworldnews.com/report-bitcoin-wallet-activity-spiked-week-before-bull-run/

I too was hoping to buy at 2800-3100, and I still have some cash ready for that, but I am highly doubting we will see those prices again.

Bread theme
https://www.youtube.com/watch?v=h4WLX8hfpJw

>>13219683
I agree with the fundamentals, and am a long-term bull. But frankly ~14 months is still plenty of time for us to move lower and consolidate before the halvening fomo. Looking at the chart, volume is still quite low, the last time BTC was this oversold was Dec 2018, and there are TONS of resistance levels from normies and bagholders who will sell the second they can break even. And we haven't yet seen a convincing high-volume, trend reversal candle that indicates a bottom.

And while I do have plenty of fiat waiting on the sideline for better technical price entries, I believe 3100 will not only be tested, but true capitulation will not happen until 3k support is broken and we see major buy orders step in closer to 2k. I could be wrong and we'll see, but I'm putting my money where my mouth is and have my buy orders set. Best of luck to you.

Not this shit again.

>>13219794
Don't need luck to HODL and DCA :)

On second thought, you're right about the halving timeframe. It does seem there's still enough time for another crash and slow recovery; it just seemed less likely to me now with this recent pump.

I disagree about sellers on the way back up just waiting to break even though.

The resistance levels are there from a TA standpoint and whales and traders will use them. But I personally strongly doubt many who've been HODLing are going to sell on the way back up, in the midst of a new bull market (not saying it's started yet BTW), just to break even. Not only would that be an extremely boring outcome for 3+ years of waiting, but FOMO will be irresistable.

My admittedly complete guess is there will be strong resistance at $10k (5 figures), and approaching the ATH.

>>13220208
Agreed. I'm finally (barely) back in the green and the thought of selling will not cross my mind until at least $10,000. And by that point it will probably be a full-on bull market with halving imminent, so thoughts of selling will probably turn to buying more instead.

>>13219304
>>13219350
OP here, based. Exactly how I felt. The charts painted an ascending triangle with a neckline of $4200, tons of untapped liquidity above $4200 from bears. We were reaching the Apex of the triangle, in hindsight we should of known. Is it possible a hedgefund saw this liquidity, and decided to take advantage of it right at the Apex? Possibly, but the fact that this information is swarming across all of mainstream posts (reddit where all the fake news and FUD goes), it tells me maybe something else is going on.

Purely technical - Supply dried up. Everyone sold at the bottom. No liquidity above. Over-leveraged shorts. Cascading stops and liquidations with nobody left to sell. Was the ascending triangle man-made, or based on human emotion? Meh I'd like to think its a bit of both.

So what now I wonder, RSI has been screaming oversold on basically a majority of the higher time frames, this is manipulated so doesn't matter really. All I can say is, after some consolidation and maybe a push down, we will get one last leg up before the descent. I really hope we can break $4200

>>13217758
Bodied

Everyone was saying that we were going to drop last week. Now it seems like everyone is saying we probably not see those prices again. I say we are going to 2k

Everyone was saying that we were going to drop last week. Now it seems like everyone is saying we probably not see those prices again. I say we are going to 2k.