/biz/ - Business & Finance

>>20729233
NOO NOT THE HECKIN TA-RINO

doubt, sounds more like bear hopium. Look at sats if you can't deal with price going up bobo

Sloppy job Simeon

>>20729263
You're thinking with your emotions, are you a woman? See the pic in the op, what makes you think the momentum is up here?

>>20729288
What makes you think market dumping 500k borrowed linkies from aave every 12 hours will help you avoid getting liquidated, Simeon?

>>20729233
JFC TA is literally horoscope shit. Show your shorts faggot. You can draw those lines everywhere on the graph, and it got violated every single time. Holy shit ur dumb.

>>20729350
No you can't, show me 1 (one) example.

>>20729368
Sure. What is this magic formation called? I will give you 5 examples.

>>20729383
Descending triangle. with decreasing volume, after a major pump. Show me one time this lead to a pump continuation for LINKUSD.

>>20729288
>ITS YOU THAT THINKS WITH EMOTION
where did that come from? I just doubt it because indicators like rsi, cmf and obv suggest so. Delete the thread big boy, go back to /b/

>>20729411
pump
descending triangle
decreasing volume
suck a cock faggot

i even put it on the 4h bars, cause i could see you sperg and say it HAS TO BE ON THE 4h

TA is literally for sub 90 IQ idiots

>>20729489
lol that's not a descending triangle. try to draw a descending triangle on this faggot

>>20729233
haha yes I remember when we were headed to 2$ and pumped to almost 9$ haah XD

>>20729416
> source: dude trust me

RSI: getting rejected by its ema and headed down (there was som hidden bullish dev but it played out and was rejected). As youcan see on pic related because I provide sources as I'm not a cultist driven by blind faith

By the way, look at how all the emas are crossing down on spot

>>20729518

>>20729574
is this a joke? thanks for proving my point amigo

>>20729572
Just because you market dump 400k borrowed link to break out of formation doesn't mean it was rejected, Simeon.

>>20729233
we have to retest the channel that LINK has been trading in forever and flip it as support
>https://youtu.be/XWMQHsQcenw?t=290
>4:50 onwards

56-60K sats feels in reach, then we are heading to 10-15$ in upcoming weeks. that would be healthy, but idiots think it's FUD.

bigger the retracement, bigger the pump coming.

LINK went from almost 5$ to 1,5$ then to fuckin almost 9. Then 9 to 6, then 6 to 12. Down to 9, up to 18.

Sry for linking twitter fag, but this Scott dude is alright.

I dont understand jack shit of this whole thread, i just bought at 3 and just holding

The only times ive lost money is when i sold at low

>>20729685
It sure would be healthy if you didn't get liquidated, wouldn't it Simeon? Link already retraced hard in ETH value.

>>20729685
Agreed this could happen. I just think $6 provides an actual good buy opportunity where it's easy to manage you risk. But these zoomer seethe at the mere thought that price could go down

>>20729722
i never in my life used leverage trading, also holding bigger bag than you which i bought in 2018 for 17-60 cents so shut your bitchass, also pic that i attached is my orginal content you faggot

>>20729722
Ah, don't even get me started on the eth pair. The retracement here will be abysmal. I don't think you guys can handle it

>>20729740
these fuckin low iq inbreds summerfags dont understand that you can actually look at the TA and the market in general to just read the situation and stay cemented in your long term investment. apart from fundamentals which LINK confirmed to be a fuckin industry standard by now, the market needs a breathing. that's why by looking at the market you can see it's acting irrational to the fundamentals, but rational to the bigger picture of crypto. guess 2020 influx of moonboys, soon to be millionaire 1000 stack holders is upon us

>>20729741
>>20729761
>ETH shitcoin is way more valuable than the the thing that enables its entire continued existence I s-swear
It's already back at pre-bsn values.

>>20729784
who the fuck cares, LINK/ETH chart don't matter for shit, it's following LINK/BTC, just the price of ETH went up so ETH/LINK chart looks like shit but nobody is charting fuckin LINK based on ETH and it won't ever be higher volume than BTC or USDT pair (which is following BTC).

so now send me fuckin 10$ for educating you low iq discord tranny on what we are discussing here

>>20729842
You believe link will dump down to 6.50 range and then climb up to double digits?

>>20729774
Couldn't agree more. Just a little tip to help nufags cope: first make sure you're convinced by the fundamentals and make sure your investment will add value to existing systems, if it's true the price will go up at some point. Then when it dips buy more if you're afraid to swing. Simple as. But don't come crying at each retracement or when it gets c.ucked by market leaders such as eth and btc, because believe me this will happen during the bullrun.

>>20729889
Do you believe link will eventually be a market leader?

>>20729842
The fact that the link eth chart goes down means that you would have made more money with eth than with link, I guess this is an interesting piece of information for someone wanting to build a portfolio

>>20729233
>>20729233

>2020
>believing in TA

>>20729871
are you retarded or not reading my posts, also theres a fuckin video here linked by me with a professional trader explaining basics, but instead of checking that resource and trying to understand all of this information you just ask a stupid fuckin question
>>20729913
why the fuck would you go all-in ETH right now, LINK will bring higher return

>>20729411

Are you retarded? You literally drew a bullflag and are suggesting its going to dump under the first straight yellow line across where its shown resistance multiple times. Simeon had to literally market sell over 400K shares and it ultimately dropped the price .60 at most. Price going down with volume decreasing overall is bullish and shows trend reversal. We would already be over $8 if he didn't borrow from AAVE to dump.

>>20729907
All available information seems to point towards it. I mean, I have never seen (apart from ETH) so much traditional integrations with a crypto system. I guess we'll see after this bullrun if Link has been able to position itself as a market leader (it obviously needs to increase its market cap to be considered as such). The only thing noone knows is if a better technology doing the same thing will arise and be adopted faster than link. This seems unlikely but you never know. But to be honest, in 2017, people would have killed to see their token even mentioned by T-mobile's janitor during an informal conversation at the urinal with a coindesk blogger that would have reported it in a 50 word tweet.

good, if it go down to $6, I will make my LINK suicide stack from 1k to 1.5k.

>>20730014
sigh. Look at btc/usd 2018 post-bullrun chart.

>>20729288
Meme lines are the equivalent of astrology.
You are the estrogen laden bitch reading tarot cards.

It just fascinates me how dumb most of you link bears are. You can put those TAs up in your asses

>>20730006
Not saying anyone should go allin eth, just saying we can expect ETH to overperform link in the coming weeks-months

>>20730123
>>20730130
Strong arguments there, really made me think

>>20730123
this

>>20730123
>>20730130
>>20730173
post your stacks trannies

>>20730167
Go suck another baby cock, inbred.

>>20730151
you're gonna be sad come August

>>20730182
>implying I have a link stack because I posted in a trisomy 21 victim meme line faggot's thread

>>20730184
Because of Smartcon? Smartcon will most likely be a nothingburger...it will be interesting in the sense that Sergey will most likely be explaining neat usecases for chainlink, but one shouldn't expect a huge price increase because of it.

>>20730101

What is that even supposed to mean? Incredibly vague. If you are suggesting we are seeing a massive retrace now from a parabolic expansion I will absolutely make fun of you.

We haven't even started the newest epoch with LINK yet. The first accumulation channel was LINK bouncing around from .25 to about .55 (.40 average) and then an expansion of just over 800%. The next channel began and we hit an average of around 3.20 and will likely see another 800% or so from there before a retrace.

$18-22 Conservatively with in the next 2 months wouldn't surprise me at all.

>>20730269

Once we hit that those numbers than maybe we come back down to $9 perhaps and begin the new accumulation zone to the next expansion. Unless we start seeing massive retail speculation or other unknown events.

>>20729233
Stop charting USD

Too many trannies fudding hoping link isn't double in price by the time they double their stack their ampl gains. Guess what, everyone else has the same idea.

>>20730269
I'm really getting tired of arrogant nufags that have no clue of what they're talking about and absolutely seethe at the idea of link price going down. Of course I'm not saying it is the same for fuck sake. Just showed you a descending triangle after a pump with decreasing volume that broke downwards. Same thing here with link on a much smaller scale

>>20730123
>Meme lines are the equivalent of astrology.
this

>>20730311
Fuck off BTC maxi

>>20729347
Do you know when their short expires? Is there any way to tell?

>>20730101
>sigh. Look at btc/usd 2018 post-bullrun chart.

>it did it before it must do it again!

Go berate your inbred mother for not swallowing you.

>>20730452
Does the short have an expiry day?
Isn't it more like it generates fixed lending costs each day it continues?
Simeon has to pay a fixed or variable rate on his Links borrowed from AAVE each day, and probably something similar to binance if he uses leverage.
The best way to damage this strategy is to remove all liquidity from AAVE and Binance to increase dramatically the borrowing costs and forcing a short seller to close his position quickly if there is no move.

Another possibility would be for someone else to borrow more Links without using them if it could increase the borrowing costs similarly from AAVE.
How can we know if someone has a fixed or variable borrowing rate from AAVE?

>>20730346

Bro I've been accumulating since 2017 not that it matters anyway. I don't have to be an OG holder to make fun of your TA. Idc what the price is in short term but I'm not buying your bullshit.

How many other indicators did you look at to confirm your TA? VWAP, OBV, RSI, or MACD? How many different time frames confirmed as well?

I just checked for you and RSI is around 35(easily low enough for reversal) and MACD also primed as well as it pumps on the second half of red and the first half of green usually. That is on the 4hour. Sure it could drop to $6 but its I'd say its unlikely

>>20730151
>Not saying anyone should go allin eth, just saying we can expect ETH to overperform link in the coming weeks-months

I respectfully disagree with that sentence. coming days? sure. weeks? yeah, very very possible. months? noooot sure. anyway, fren I rly like your TA and I agree with all of your other posts.

If you use discord and would like to connect with like-minded crypto traders feel free to join my discord group. server ID is pDRSTGz . Some of us are trying to build/building trading bots and we help each other.

However, I must warn you that we shitpost a lot.
s-see you there maybe, senpai?

>>20730546
>discord trannies

>>20730151
>we can expect ETH to overperform link in the coming months
Ah doubt it

>>20730123
>Meme lines are the equivalent of astrology.
You mean they're something very useful if you know it but it was intentionally obfuscated with dumb hippie bullshit decades ago so the plebs won't have access to it any more? I don't think we're there yet with TA, m8.

The lack of delusion in this thread is very bearish

>>20730346
I don't hold a single link and your thread is retarded. So much for your logical assessments.

>>20730541
Ok, imo this translates to the daily, not higher up. Agree we could just brush 6 and shoot higher quickly. Careful with what you said on the RSI, being low does not mean prone to reversal, look for divergence if you want a better edge.

>>20730546
Look at the ETH volume profile, it could rip from here, We're just one lower low away from a monthly correctiion on the linketh chart.Thanks but no thanks for the discord for obvious reasons

i am a professional trader and analyst to tell the future

>>20731063

>>20731063
>i am a professional trader and analyst to tell the future

You sound like a pajeet paid to post things

I’m so happy for you guys

>>20729233
Sorry OP here, posting from my phone, meant to type $0.07 not $6

that's the SC phase of a wyckoff distribution

funding rate for short positions on futures is too high for this to continue dumping

you're welcome

>>20731083
Are you projecting Nexo's future price chart on link Simeon?

>>20729233
Yea ok. That triple bottom at $7 means nothing huh?

>>20731350
lol

>>20731505
>>20731350
chart it

> HOLY FUCK MEME LINES JUST FLEW OVER MY HOUSE
we go down then up in preparation for smartCon like pottery

>>20731505
lol

The number of anons who care about my financial well-being is astonishing. I didn't know I had so many top financial advisors who cared about me enough to let me know that now is the right time to sell. They may have been wrong the past 26 times that they said to sell, but surely this time they will be correct.

>>20731619
we don't, just discussing TA because finance board.

>>20729233
>TA in 2020
You absolute retard.

I hate the way his name is spelled. I can't pronounce it Si-muhn. I have to pronounce it Sim-e-uhn. He's a monkey.

I keep watching the order book and its all .01 and .10 sells trying to push us under 7 as much as possible

>>20730537
No expiry date on aave loans. Also the liquidation point depends on what they used as collateral, you can see the tresholds for different assets here: https://docs.aave.com/risk/asset-risk/risk-parameters

Link had very low interest rates when they borrowed first time, so probably they used stable rate, but now it is quite high so not sure what the new loans were on.

I agree that we should probably pull out link liquidity from aave, but I am over collateralized as hell so Simeon is paying my loan costs right now.

stacks of 1000-2500 getting market sold on LINK/BTC. i think im logging into binance soon

>>20729596
How is his different from yours?

Still never selling actually I’m buying more

>>20732838
The best part is all those people bought above $8 thinking they’d be millionaires in a few years, then lost hope within a week, and will kick themselves so hard when they look at the price of LINK 3 years from now.

>>20729572
nice how you cut out the relevant long term trend.
Yes there is a consolidation, but couple it with the OBV over all exchanges and you might realize how this will have a hard time dropping anywhere close to 6.

>>20732933
same, in since 2017, never sold a single link

>>20732942
yeah thats kinda brutal, but thats the way world works. if BTC crushes 10500, we will see -30% on alts today.

first target hit. Let's see if we can get a nice rebound from here

>>20733374
Take your meds

>>20733374
i'm out, not getting gready for 6-6.5$, almost 400 LINK's aka 20% of this stack made in one day. hosanna

>>20733834
Nice. Good job anon.

>>20733876
i really don't see ETH hitting 350$ or BTC at 10.5K$. 90% of twitter is bullish, whales will squeeze those fags more. either way, made 400 LINK.

kisses boys
>>20733765
>>20732933
>>20731350
>>20731083
>>20730541
>>20730130
>>20729871

Good thread OP. When would be a good time to switch my remaining ETH into more link?

>>20733834
>brags about 400 link
It’s over for you, you’re too late dude.

>>20733374
time to sell I guess
perfect moment
its going back to sub 0

>>20734188
what a bearish faggot

>>20734086
I can't say for you anon, make your own decisions. But starting DCA back in now doesn't seem bad

>>20734188
Holy shit, next pump Will be massive

>>20734234
dont you see the long term trend fren. Short it with 100x, everything shows that there is much room down

>>20734101
>implying that's my whole stack
>implying i sold 100% of my stack
>implying i didnt bought LINK as low as 4000 sats aka 0.00004000 BTC aka 17 cents in 2018
>implying i didnt just made 400 LINK's for one day of little bit sweating on most easiest trade when ETH broke 300$ resistance
>implying this 400 LINK is ever seeing the order book without LINK at 25$

>>20734009
eh, better out too soon than too late, plus it has a chance at reversal around here (even though $6.50 is very likely). But some trades aren't just worth the stress. Godspeed anon

>>20734293
god you sound poor

>>20734569
if BTC and ETH rallies we can see a bloodbath to like 59000 sats, but LINK already retraced enough. taking in consideration pic related guy tweeting i doubt BTC breaks 10500 today. this looks too easy to be happening. not to mention CZ an Hayes salivating over those longs.

Link went more than 30% from ATH today, with nothing more than bullish news.

>>20734909
changed pic for some reason, here's the tweet, samefag

>>20734909
uh

BROS?

>>20734569
Based TA bro, where do you see the rebound taking us and how quickly?

>>20734948
30% down from ATH on bullish news, sorry for not spelling this out in caps since you can't look at the fuckin chart
>>20735023
you should be looking at BTC/USDT chart atm, this is where LINK, ETH and other alt's short term future is.

>>20735215
100$ , 20 minutes, see 1M chart