/biz/ - Business & Finance

based

i think it could pump more than $100 though. could test the local high at 7.4k or maybe even 7.8k resistance before taking us back to 6k range.

>>16628949
You mean "about" as in within the next few hrs?

>>16628949
I'm waiting on that 1k capitulation. So many TA meme lines and tether collapse are lining up

>>16628949
Doesn't matter, earning 4% per MONTH in my FRM bags. Do your worst.

>>16629012
kek look at this retarded newfag bera

let me guess, you were calling for 1k back at 3k and missed longing the bottom?
why don't you leave bearposting to the profitable traders on here. 5k is the lowest we're going.

>>16629078
>profitable
>5k
Imagine ignoring the giant volume gap between 6k to 1k. If it breaks 6k support then blow right past 5k to at least 3k.

>>16629012
The true collapse will be much harder than anyone expects. It’ll coincide with the decimation of the hashrate after halving.

>>16629090
learn to read a volume profile. it's only for confirmation, it's not meant to be used on its own you retarded newfag. everyone and their mom knows there's a massive gap. this is why bulls will defend it heavily and i seriously doubt the bears will win. weekly 200MA is at 5k as well.

>>16629095
It might wick below 1k but that's much harder than anyone expects. Elliot waves, volume gap between 6k and 1k,hash rate, tether fiasco, restest of last ath like previous bullruns all line up with 1k. And bonus is how the daily chart lines up with wall st cheat sheet.

>>16628949
I want this to happen because I have another $3k to throw in

>>16629124
>volume gap between 6k and 1k
are you retarded? the gap is between 6k and 4k

BORING
BORING
BORING
BORING

>>16628949
I dont care. My job pays shit. I need btc to be lower to accumulate more

>>16628949
Also, once it eventually touches 100k, it may not get corrected by 80% and just remain unvolatile aka lame as fuck aka gold 2.0

>>16629090
>>16629105
Can either of you explain to a brainlet what significance the volume gap has? Does it mean that these price areas have not been tested enough, and what does that have to do with either bulls or bears being stronger?

>>16629395
It just means that between those ranges, there is more volatility. Since not many people buy at those levels, some small time whale can crash it or spike it to the next level with high volume

>>16629105
cheat code: we're going to the weekly 300MA.

>>16629395
It shows historical price levels where people preferred to buy and sell, and the gaps are where they didnt. It just seems that those prices are where many people think its overbought or oversold.
Likely those prices are where action will happen again, amd when the price goes into the gap nobody is interested in it.

>>16629459
Still too high

>>16629437
>>16629471
So you cant really use it by its own to predict which way price action will go, just that its likely to make a move?

>>16629572
It implies that when price falls into the gaps it will keep going until it hits a high volume price node. So a trend is likely to continue through the gap.

>>16628949
>Bitcoin is about to pump $100 which will subsequently be rejected hard

hm, is this the fake out?