/biz/ - Business & Finance

That was way stronger than I expected.

Btc on that viagra

>>17185055

>>17184970
Why are pumping? The halving is still months away

this pump doesn't end

>>17185073

The high will be some time before the halving before it will take a shit most likely

BOBO ARE YOU OK?

I feel like this is a trap.

>>17185188
Its not we will go to 11-12K before crashing.

>>17185188

the dip to 9.7k was the trap

>>17185236
This would have been more sustainable/believable if it consolidated for a few more days. We'll see how it goes.

>>17185254
Maybe.

WHAT WAS THAT?

WTF 11K eod is actually happening

this is crazy, who of you is buying anons?

>>17184970
Haha perfect bobo trap. Especially in combination with that fag from tradingview who proclaimed falling back to 6. Wonderful, get fucked bears.

https://www.youtube.com/watch?v=BBJgtwj8rjY

It's crazy that a 1h bullish divergence setup from last night would lead to this. If I were to have played it, I would have taken profit at 9900. What a surprise.

>>17185338
Yeah, a lot of analysts have egg on their face today.

Something I didn't notice before was that the dump from just shy of 10200 to 9700 created hidden bullish divergence on the 4h chart.
However, after this pump beyond 10200, regular bearish divergence exists on 4h, 6h, 8h. You could even add in 12h, but they're all use the same two peaks.
Don't be surprised if Bobo gets a little revenge.

>>17185338
this get fucked bobos

>>17185178

what a nice fuckin green dildo. corona chinks in panic mode?

>>17185898
Genius

>>17185860
BTC has to break the Oct 26 high at 10500. After that it will probably go to 12k easily, but a rejection could be devastating.
The coming hours are unironically, literally and fundamentally critical for bitcoin.

>>17185105
You're braindead if you actually believe this. Miners have no incentive to kill the bullish momentum by dumping on everyone. They will hoard and let the self fulfilling prophecy happen, they will absolutely not kill the momentum by tanking the price

>>17184970
NOOOOOOOOOOOO JEROMEEEEEEEE WTF I TOLD YOU TO SHORT IT.

WHAT?ARE YOU TELLING ME THAT DORMANT COINS ARE INCREASING FASTER THAN MINED COINS THUS SHORTING HAS LOST EFFECT AS SUPPLY DISAPPEARS FROM THE MARKET?

EASY CREATE FAKE BTC CERTIFICATES LIKE GOLD!!!

WHAT?WHAT ARE YOU TELLING ME THAT THE AUTIST WANT THE COINS IN THEIR WALLETS AND THAT'S IMPOSSIBLE?

NOOOOOOOOOOOOOOOOOOOO!!!!!!!!!!

>>17185984
This.

>>17185984
Speaking of 10500, we have a pretty massive trendline created by the line from 20k to 14k hanging out around there.

>>17186111
wew lad

>>17186111
What does it mean?

>>17186726
Bobo will be waiting there to fight a tired bull.

>>17186765
So when should I sell ?

>>17186765
Just touched 10400 and immediately reversed back to 10200. You’re right

>>17186784
It depends on when you bought. If you bought under 8k, I'd just hold and weather the storm. Bitcoin has a golden cross coming in a few days, so it's probably not a fight Bobo can win in the long run.

>>17186831
Can someone make a Christian Mumu holding a golden cross to ward Bobo away?

>>17185188
the only trap here is you

>>17186726
If we break through high 10k, were unironically going to re-test 20k in 2020. If not, then BTC is doomed, not even joking.

Warren Buffet's lunch money.

>>17186983
Seconded

>>17184970
>10300!!!!

>>17187953
Also, the golden cross should have "200" and "50" inscribed on it.

>>17186831
>It depends on when you bought
This line of thinking just confuses me. i bought at $6k but the amount I put in compared to the amount I have now means the effective price was just a few dollars per bitcoin.

>>17188023
Just hold unless you absolutely need the money now.

showing signs of a cyclopean crescent. be careful.

>>17188491
are you just making up terms

>>17188491
>cyclopean crescent

>>17185188
This is a sucker's rally.

>>17188058
As is usual for biz, this is the one post with good advice in the whole thread, among all of the pathetic and boring attempts at humor. See you later fags

>>17185073
gotta reel in the retards who are thinking its a pre halvening pump and will keep pumping after it
buy the hype sell etc etc

There's a nasty shooting star on the 4h chart. Is it time for another pullback?

>>17189336
do you think it will keep going strong even after halvening or is it priced in?

>>17189460
Past halvings have caused a miner capitulation due to miners becoming unprofitable due to production costs doubling on them. However, after the capitulation is over, it tends to pump to reach cost of production and then overshoot it. The cost of production after halving is estimated to be around $17k.

If you want to learn more about miner capitulation, check this out.

https://www.tradingview.com/script/kT7jIvqv-Hash-Ribbons/

This guy @capriole_charles has written some articles on this topic too. He's a pretty smart dude, and I highly recommend listening to what he has to say.

>>17189460
The current cost of production is somewhere between $5k and $7k so we're a bit overvalued now. I think what's happening this time is the halving is being frontrun.

>>17189542
>17k
no, mining in russia, china or iceland is way cheaper

>>17189621
Sure. To be fair doubling the $5k to $7k range should give us $10k to $14k as the cost of production. I read $17k from some tweet weeks ago, but I don't remember who it was.

>>17189669
the biggest cloud mining provider offers bitcoin mining over 2 years for 4100€ per mined bitcoin (most expensive package, cheapest is 5800).

they wont calculate with a loss so it must be even less expensive for them to mine them.

>>17189740
That's good to know. I was going off of what the stock to flow indicator was telling me, but not all miners are created equal. The best miners are probably far more efficient than the average.

where are we heading sirs?
10k looks unsustainable

>>17189794
In a few days we'll have a golden cross.
Back in Oct 26th, we had a death cross and we pumped hard into it which surprised a lot of people.
Then we dumped.
It wouldn't be weird for it to dump into the golden cross and then pump like a monster, doing the inverse of Oct 26th. This current bull has been running since Dec 18th. He's gotta be getting tired.

We shall see.

>>17189908
On the other hand, LINKUSDT had a golden cross on Feb 5th, and it just continued pumping harder without a pullback. Who knows. Not me.

>>17189956
is it too soon for BTC to test '17s ATH?
its probably gonna happen this year tho

>>17189979
we aren't even above 2019 high bro

>>17189956
It had a legit 1d bearish divergence setup, but it only pulled back a little bit into a trendline support, and a golden cross happened, and bulls said fuck it and launched it to the next resistance.

>>17189979
It's more sustainable if it does it slower.

>>17190200
It's funny that the death cross hardly did anything to LINKUSDT.

We are headed for one thousand US dollars.

>>17190708
No