/biz/ - Business & Finance

>>17755080
Whut in tarnation?
That's just plain crazy!
Well hell, I reckon I'll pick me up a few of dem there bitcorns 'round $1200.
Thank ya for tha heads up there cowboy!

>>17755315
Howdy feller. I wish you the best of luck in these here uncertain times, don't eat any of them oriental soups if ya enjoy breathing.

>>17755080
crypto is at a bottom for now and will rebound to somewhere around 7k in the coming days.

>>17756169
>days
try months friendo

>>17756216
ever heard of a dead cat bounce?

>>17756298
this cat used all 7 lives at once. he can t bounce anymore

>>17756169
You literally can see the pattern we just fell out of. The previous bottom won't hold since people will desperately look for less volatile ways to protect their money for example bonds. I strongly believe we are going to hit 1200 before we start going up.

>>17756332
Cats have 9 lives tho

>>17756332
what's this shit even supposed to mean? u know there are mechanical reasons for dead cat bounces to occur? like for instance people who cover their shorts?

>>17755080
>>17755080
wrangling u

>>17756357
really depends on what the rest of the market is doing. so far bitcoin did follow the general sell-off instead of acting like a proper hedge, so ... I'm betting on a friday relief-rally for now.

>>17755080
Loved you on Chainlink Tonight anon

>>17755080
I'm ready!

>>17756357
by the way if you're wondering what trend line I'm thinking btc is going to bounce off: pic related

>>17756169
P.S. It might move up and get rejected at around 5600 and continue to shit the bed for the upcoming months. When this is over, it's going to be hard to even think that people will buy it again, and that's the time it might be smart to buy it, since people are going to look at the previous highs, and blame corona for the crash.

>>17755080
You're nuts if you think bitcoin will ever go below $3,000.00. It simply won't happen because I said it won't. Not only that but there are a bunch of cheap fucks on here who will eat bitcoin up at those kind of prices. It simply won't fucking happen. This shit will be blown over by tomorrow

>>17756521
What's that?

>>17756546
Your biggest logical fallacy is that your patterns won't work because you're not taking the corona virus into consideration. Sure these supports and resistances could do their job in an eternal bull market that ended a couple weeks ago. They won't hold now, because the last thing people want to do during a global pandemic is to worry about their crypto holdings.

>>17756580
Cheap fucks from biz hold very little of BTC supply. China will open the floodgates to buy up their bonds, as well as american ones, same goes for South Korea.

>>17756553
yeah, I pretty much agree with you, except of course that I think it's going up to around 7k before getting rejected, but otherwise: we're looking at a beast of a bear market. Things won't get better until at least September.

seriously though looking at 4.7k right now is surreal.

Pic related

>>17756591
>logical fallacy
>patterns

c'mon, man. you can do better. (but if you'd like to know: I am considering that I might be wrong. if we break pic related I'm going to close my short. ... matter of fact I just did)

>>17756912
*I meant long ... sry ... ' been shorting the S&Ps too much

>>17756908
Not sure what you're trying to say with the pic anon. I'm just sharing my idea with you following my gut feeling and my limited experience, it's pretty much the best I can offer you at this time. I'm just glad that the shilling stopped and we're actually able to have a semi-decent thread again.

>>17757127
People are too scared, and crypto is too volatile to risk your savings. I'm not excluding the possibility that Wall Street decides to inject some money into it, and is trying to shake out weak hands as we speak. I just don't find it too probable given how much safer bonds are compared to crypto.