/biz/ - Business & Finance

TA expert here. It's bearish but could also be bullish, with an equal chance it's neither.

>>16559591
clearly in a downtrend so it's currently bearish

>>16559591
we're firmly in a downtrend. don't bother longing until we're in an uptrend again. you will not catch the bottom, but you're much less likely to get absolutely JUSTD by trying to catch the absolute bottom

Bearish.

This will continue to trend down until it hits the next/third level of resistance up, if that fails it looks super, super bleak. As in, it's practically over. You want to hope it doesn't break that support, that said if it bounces off and holds the next few attempts to break through things could look up. But for that to happen crypto needs real world 'normie' use cases, it just doesn't have it yet. On a large scale. It's still all speculation. Probably gonna continue to trend down into oblivion desu. Unless you know what you're doing (day trading and shorting) nobody has any business owning crypto as 'muh store of value' or 'for the tech' or even 'long term'. No, you're just an idiot gambling and you will lose. Atm, this is a ponzi scheme. The tech is there. But nobody should be buying in until this reaches rock bottom and starts over driven by real world use cases, actual real world fundamentals.

>>16559591
bullish 100k in 27 days

>>16559667
>>16559678
>>16559685
>>16559699
>>16559708
>He thinks TA isn't a meme
>He thinks he knows what the fuck he's talking about
>He think he's an expert because he watched some youtube tutorials and Wolf of Wallstreet
TA is a meme and whoever says stuff like bullish or bearish are all autistic dipshits.

The past movement of the line will not tell you the future of the line, especially not in such a small market. It literally takes one group's bot changing strategy to turn biz wojaks green or red for a week.

Network usage is really starting to pick up in the last week, only FA matters. Buy Chainlink.

>>16559733
>t. retarded gambler who's lost all his gains because 'muh ta'

LOL stay poor phaggot

>>16559745
Learn how to read you retard I literally said TA is bullshit

>>16559591
>>16559221

>>16559733
git gud

by definition its bearish but since you shouldnt be investing in cryptos the long term trend doesnt really matter. to give you an answer from my perspective, i would not take a long trade on this.

do me a favor op and ignore all these ta fags trying to forecast the future

>>16559751
but it's fucking not. it's not a magical crystal ball that exactly predicts where the price is going.... it's a framework to give you statistical edge.

On the long time, the price usually goes in the same direction it's been going. We are more likely to keep going down than to go up.

TA is the exact same bullshit as climate modelling - trying to map and overfit trends onto an utterly chaotic system.

>>16559752
Stop spamming your post everywhere no one give a shit
>>16559755
>>16559767
I’m curious. How big is your net worth? Surely if you are a TA master, you should be the next Warren Buffet, right?

>hurr durr bearish
>crypto is dead
Literally Xi ping mentioning blockchain caused a fucking 42% daily increase. You can't account for anything long term with ta and trends. For a short term position, sure, but all of a sudden you're dicked in the ass with a green dildo the size of a horse cock

>>16559789
hey fucking retard, what are you supposed to do for the other 359 days in a year when news events dont happen?

>>16559787
>stop telling the truth!

>>16559591
Final drop still didnt happen

>>16559591
we have reached the bottom, it might not be the absolute bottom but you wont get justed anymore, buy now

>>16559801
>my opinion is truth!

>>16559733
you sound mad. how much money did you lose today?

>>16559831
>If I took 5 minutes to look at any cryptochart I would see that that anon is correct.
>REEEEEEE

>>16559828
you promise?

TA is a self fulfilling thing ya tards. It may not be as true for crypto but for everything else like stocks and forex, so many people use TA to see if it's bullish or bearish that they will make the same decisions to push the market in the direction their TA said it would go

There are people in this thread RIGHT NOW who think crypto prices are literally a random walk, ho ho.

They actually believe at any given prices there's a 50/50 chance it will tick up or down.

My sides.

looks like sell pressure it's exhausting...

>>16559771
t. doesn't understand it, man made climate memers don't either
pic related linkies, it will only get worse

>>16561203
What’s your net worth then, o wise one?

>>16561203
What’s your net worth then, o wise TA master?

A few months ago the "experts" were telling us the charts were going parabolic and bitcoin would hit $100k this year. Were the charts right then?

it's bouncing upwards