/biz/ - Business & Finance

>>19267592
>price moves correlated with ADX
it's literally calculated from price moves you dingleberry sniffing moron

Thank you for the sell signa, sirs. I have invested 1.000.000 rupees @ .2usd/chain links but I believe it is time to exit. My village will be proud


P,s, ty sirs

>>19267604
no, ADX bottoms have a support, at wich point they reverse.
all indicators are calculated from price and volume you nigger.

>>19267907
your ADX "support line" is the gayest thing i've seen all day now gtfo

>>19267592

>>19267924
gayest because it doesn't match your bear delusions, we know you sold, yet link is preparing to spring back up to 55k sats

just look at the chart i know you're getting sweaty hands

Don't forget NXT scam, faggots.

Looking at the chart, what immediately is obvious is that the period times between highs are getting smaller. The thing is in a parabolic uptrend which is getting steeper.

Half a year to one year and it's time to sell on the parabola break, though.

>did x20
>BTC rally losing steam
>expecting any gains with some meme lines

Anon...

>>19268010
I am scared for the parabola break. But I don’t think it will come any time soon. There’s a steady stream of marketing with a new integration every workday; the network is growing by 17% a month; and price is correlated to network growth. We are waiting on staking and we can expect to see further network growth from gambling with the random number generator. I don’t know when the parabola will break, does anyone know how ETH’s parabola went down? How long was it in an uptrend, when did it break?


>>19268021
LINK moves independently of BTC you retard.

I have a question for oldfags:

When biz was accumulating Eth before 2017, was reddit also aware of Eth or was is like Chainlink now were Eth was truely a biz coin?

>>19268172
ETH was widely known. Only BTC maxies hated it.

>>19268172
there's an ethtrader subreddit which was around then I believe

>>19268134
i just checked cmc and it looks like ETH was in a parabolic uptrend for fucking years, until the peak in early 2018. It overshot the trendline multiple times, so it *looked* like it broke the parabola, and retraced, a number of times, only to continue rising. so even if link breaks the parabola it might be a fake break (just redraw the trendline kek)

Redpill me on ADX
I already use rsi as an indicator because it is easy to understand for low iq brainlets

Just sold another 1.000.000 rupees due to this thread

P,s, ty and enjoy sirs

P,s, sorry for dumping price of the stinklink.

S,S, this and I’ll repost In 24hr to prove I was the cause


P,s, ty and sorry sirs for dumping on you but now I provide my village with much needed liquidity ty sirs

>>19268288
yuck

>>19267592
Didn't read; selling

>>19268229
>I already use rsi as an indicator because it is easy to understand for low iq brainlets

The Average Directional Movement Index (ADX) is designed to quantify trend strength by measuring the amount of price movement in a single direction.
a falling ADX with a falling price
shows that the dump isn't strong
it's weak
if the ADX is increasing and price is dumping
then you need to worry
but it never happens with link
every pump is followed by a strong ADX
and dumps get weaker and weaker

bump