/biz/ - Business & Finance

>>19516980
Trendlines eventually break.

>>19516980
The market can remain irrational for longer than you can remain solvent. Bobo are you okay?

>>19516980
The timing corresponds perfectly with the W-shaped stock market correction

>>19517006
Bitcoin historically respects the trend line until it gets to the very end of the triangle. In this case, a break out couldn't be expected until around New Years or Q1 2021

>>19517011
>The market can remain irrational for longer than you can remain solvent.
Got any more reddit quotes for us?

How high it is going? My shorts are about to be fucked

>>19517097
It might retest $10.3K at most in my opinion. It would be a similar short-lived, false-breakout scam pump like the one we just experiended. I doubt it though. I think it will get rejected at $9800 now and then begin the actual dump.

>>19516980
>everyone thinks it will dump
You do realize what this means right

yes, i knew it all along, OP is a faggot

What if this is too obvious

>>19517139
Getting liqqed at 9850, should I hold or try to ride the wave up?

>>19517149
>everyone thinks it will dump
Wrong. Most people are bullish right now. Check out the /biz/ catalogue, Twitter, YouTube, Tradingview, normie financial news, the longs to short ratio (pic related). Everyone thinks we are about to break out. It's pathetic.

>>19517235
Why is that pathetic again? Why is supporting decentralized monetary policy and revolutionary economics pathetic?

If I read biz(I don’t follow other channels) lots of bears posting OPs trend lines. It appears obvious sure. But let’s be honest it’s impartial. It’s drawn to support preconceived notions. Nobody knows what the market will do. But I can tell you bitcoin was invented as a hedge against what’s going in the real world. Maybe it’s all the riots, maybe it’s the super authoritative government, but I’m bullish

>>19517192
>Getting liqqed at 9850, should I hold or try to ride the wave up?
I don't want to give financial advice. It could easily scam-wick up to $9850 and liquidate you before dumping. I don't margin trade, personally. I would have waited for a confirmed break out of the triangle before entering margin positions. Maybe close the short now and wait for a better entry?

>>19516980
uh, sweetie. Nope... Bitcoin is starting a massive rally next week.

Based OP. I'm not selling any BTC but I have a couple grand cash on hand to buy the dip at $6k.

>>19517315
>muh hedge against what's going on in the real world
>dumps 70% in a matter of a couple of days due to real world events

Woupsie

>>19517315
>Why is supporting decentralized monetary policy and revolutionary economics pathetic?
>bitcoin was invented as a hedge against what’s going in the real world. Maybe it’s all the riots, maybe it’s the super authoritative government, but I’m bullish

This is naive. Bitcoin has been following traditional markets very closely. With the advent of CME futures, Bitcoin has become institutionalized. Once ETFs are introduced, it will become even more institutionalized. The dream that we were sold about cryptocurrency is dead. I'm not saying it won't pump to six figures one day, but if and when it does, it won't be some sort of cipher punk victory. It will be a tool of traditional financial paradigm.

>>19517011
You know j0e?

>>19517419
>dumps 50%
>still up 50000%
I’ll take my chances thanks anon

>>19517450
I don’t disagree . It’s a new financial instrument, but it’s a free market not one ruled by plutocrats . In this market it’s moving faster then regulations so while most people are buying bitcoin , which is fine it supports e system, the cipherpunks are building the next layers

>>19517235
using position calculators is completely wrong because for every seller there's a buyer. the position calculator just shows who's a taker.
something like this even makes more sense
https://scalpexindex.com/app/

>>19517315
Go back.

>>19517364
Yeah gonna ksm bye

>>19517192
>>19517869
Kek.

>>19517699
Go back where? GitHub? Stfu scrub . we run this shit . go back to your arm chair trading desk . While you got your dick in your hand with trap porn I’m building protocols. Stay poor

>>19516980

so you're saying if we break that trend line we go to 40k easily