/biz/ - Business & Finance

double topish B wave to make a scary 60% C

>>21669662
more like this, retard

>>21669662
There is a TA memeliner on Twitter that predicted the Corona crash and shorted BTC on that from $10.5k who said right when LINK broke $5 that it would go to 13-16 and then reaccumulate to break $30

>>21669908
you should go back

>>21669940
back to discord you fudding tranny

>>21669662
why are you trying to trick people here? what did they do to you? just post your long or get the fuck out of here with your crayon drawings

>doing TA on crypto

>>21669662
Isn't it currently forming a bear flag?
>not someone trying to fud, just trying to learn TA

>>21670734
Bull Flags and Bear Flags almost never mean anything, same with Head and Shoulders.
Wedges tend to give you an indication of timing for a larger move, but won't nail the direction every time.

>>21670875
Ok, cool. So OP's image looks like it is matching up with TA anon's prediction as well then doesn't it?

yes TA is always exactly right. there is no possible way that this unregulated market can be manipulated by the small group of people who own 69% of the Link tokens. impossible, I say.

>>21670734
so much of this depends on it breaking the 18.50 resistance, if that happens and we break up out of the triangle early next week it'll be 25$ by smartcon.
Despite what TA newfags will tell you, triangles aren't typically inherently bullish or bearish, it depends more on breaking out of the trend that is being formed and whether you break down or up.

>>21671051
yeah he said $25 next target

>>21671253
So reaching the tip of the triangle just after smartcon, without a breakout, means we could just as easily go down as up?
And having the price go above or below the triangle prior to then is likely to 'break out' in that direction?

>>21671486
So crabbing at $16 until the 24th or after would be bad?

>>21669662
your pic isn't an example of "TA" at all you rmoron
you are making a baseless price prediction using a chart

>>21669940
kys newfag

>sucking twitter zceleb balls
you all have to go back

>>21671486
>>21671522
In a general sense yes, when you crab over to the tip of a triangle some would consider you to be in no man's land where you could easily break down.
Based on the psychology of the lead up to smartcon I personally feel it's quite likely that we will break our resistance points well before then.
But remember what you hold, short term price action means nothing if you really believe in Sergey as I do, it is fun to analyze though.

>>21671759
edit, yes crabbing to the 24th would look very bad for our chart

>>21671759
Yea, I have no intention to sell any time soon regardless of the price (unless it hit some numbers that I currently believe are unreasonable at this point in time >$100). But I enjoy looking at the different TA threads and just trying to understand more about how people get to the predictions they have.

>>21669662
what are all those meme numbers? explain

>>21669707
>double topish B wave to make a scary 60% C
what are you referring to? Is this Elliot waves?

>>21669707
sorry looks like there will be no B, not yet. If you see a B wave sell or suffer!

>>21669662
pajeet tier ta lmao

>>21672929
yes. Intermediate correction forming major 2

>>21669662
>TA doesn't lie
I think that link will go up but TA has lied constantly over the last couple of years

>$16.09

If link gets anywhere near 25 I'm dumping at sonic speed

>>21669662

The sooner it gets to sub $10 to shake off weak hands the faster it can continue up to $25-$50 perhaps?

>>21669662
>identical to 2016 ETH
Comfiest hold in all of crypto right now

If it goes under 12 I'll buy back in

>>21673098
Anon my linkie senses are saying that you will be buying back in around $21-22ish

>>21671117
When the manipulated even happens, its obvious, but everything thereafter is human psychology.

ohnonono

>>21673070
that wouldn't be a bad thing but I suspect that quite a few weak hands have already been shaken out, remember that those of us that bought in 2018 and earlier all have at least 10k Links, while the weak handed newfags probably have 100-200 Link at the most, meaning as many as 500 weak handed faggots may have been shaken out in the dump from 19.90 to 16

>>21673140
Yea, I kinda think this as well. Personally not willing to risk swinging at this stage. One more big jump and you will be priced out. If we get past $20, no saying we will be under $12 again.
I always remember how close I got to getting burnt by the main-net announcement. Was going to sell the news for the conference thinking it would be a nothing burger but I chickened out. I don't think the price has dropped below that price since. Would have lost half my stack, which right now would have cost me around $100k.

>>21670734
It formed a textbook double bottom. With smartcon just around the corner. I can't see any reason we wouldn't break through the neckline.

>>21669908
There are also niggers, neither should have such ownership of your brain.

>>21673345
Dodged a bullet there anon. Count your blessings

>>21670734
> flags
Just redraw the lines bro

>>21673570
Like I admitted, I don't know much about TA, just trying to understand how people get to the predictions they do.

>>21673478
So I should accumulate now before I’m priced out?
t. 120 linklet
Inb4
>you had 3 years
I know. I was a broke college idiot, then covid took my job away for 3 months. I can still make enough to reinvest in a 10x next cycle.

>>21673555
Yea I do. Moved all my link off the exchanges after that and haven't sold any since. Basically told myself that if and when I sell, ill only do small amounts with no intention to buy back in. Basically only profit taking sales from here if we get high enough.

>>21673602
just pull something out of your ass, it's exactly the same

I shorted Link with leverage at $18. I will go long again once it goes below $8 and then I will short the inevitable destruction in all markets.

I will put my net worth in at $2.50 or so, but until then, the amount of sheer delusion in markets right now is so delicious. This is like 2017 on steroids. I forgot how it feels to make $1M+ per day and this whole month of August has been the most beautiful of my life. It's going to be a very Merry Christmas.

>>21673744
Do not buy Link now. You will be able to buy closer to $8 by August 26.

>if

>>21673602
The overwhelming majority of traders lose money, it's worse than you'd expect even given random chance. Sure trading fees put random gambling slightly against your favour but it's something like 90% lose money, that suggests algorithms are just completely wiping the floor with traders. Hence why every trader online is trying to shill you into joining 'VIP groups' or investment plans, they'd have absolutely no need if they were consistently gaining.

Every pattern can be read either way, there are a million indicators that can be picked and chosen to suit a narrative and if it all falls through you just redraw the lines. TA is maximally useful for predicting general price moves, looking at past price action and timing entries and exits on a macro scale. Just don't bother day trading, despite what "first million by 30!" bipolar 21 year old trader neets tell you no banks or corps use TA and that's for a reason. t. brother is a bank analyst and laughed when i asked if they taught them TA.

>>21673756
And if your wrong and there is some big spike above $20, how much do you risk losing?
I mean, for me, if it drops to $2.50, I can buy more and still have my current stack. I would only lose unrealised profits.
If it goes up, my unrealised profits go up. But you would get liquidated...

>>21673756

Post wallet

>>21673756
>>21673788
nice blog post you humongous faggot

>>21673744
Quickly invite a tonne of friends over to a college party, put ketamine in the mixer. When they're all k-holed out use their phones and laptops with autofill bank details to buy a shit load of monero, transfer to your wallet and buy a make it stack. It's how i got my 30k link stack.

>>21673868
He's a larpfag, don't humor him.

>>21673887
Lel that’s not a bad plan actually

>>21669662
Yea and what you're not telling the newfags is that if we don't break that resistance then we're headed straight for $12

>>21673826
You're an idiot if you don't think successful market players don't have their own methods of analysis. There are so many people out there making millions of dollars per years trading markets. I have made over $5M pre-taxes this year alone and have made over $2M per year for the past five years.

Your "bank analyst" brother doesn't learn any analytic skills because banks aren't in the business of trading assets for profit you brainlet. I know many people with companies like ML, CS, GS, etc and they are all useless when it comes to actually making money. They mostly advise you on trendy equities and other things their superiors are pushing onto customers.

>>21673868
Ok, well, to me, that's a pretty retarded way to approach using the market if your goal is to make money. But more power to you. I'm not trying to collect tokens.

>>21674024
Ooch! Can i sign up to your telegram bro!

>>21674054
But if you are willing to
>put my net worth in at $2.50
Even you believe that the tokens are inherently more valuable then that.

>>21673826
>The overwhelming majority of traders lose money
I keep seeing people say this shit but nobody ever points out how retarded normies are. You think sharen who just started trading penny stocks is the majority or the minority?

The more I go on trading the more convinced I am that the overwhelming majority of people who lose money trading are just babbling retards that thought they would try making a quick buck putting money into stocks and panic sell when they hit a -2% loss. Let alone investing in crypto, it's like I'm fucking printing money over here. If my investments lost 50% of their value I would still be in profit over 400% right now

>>21673880
This was from when I put my sell order in a few days ago. Used those funds for a leveraged short.

Not going to even say how much I’m making off of it.

Yeah your first prediction is already wrong lmfao

>>21674204
Fucking kek.

> inspects element then takes a literal photo of his screen to make it look authentic
Shitskins are the WORST!

>>21674148
And people like you are the precise reason I have put in huge leveraged shorts on multiple assets. All of you “money printers”

>>21674259
Whatever you say

>>21674269
>leveraging crypto
big brain move, have fun with that

>>21674269
>playing the leverage game in a paper thin market
>dabbing on moon boys

>>21674333
Checked. I am. I’ll have made 8 figures profit in 2020 by this time next week. More than I made in 2017 all year. Good luck with your strategy though.

Why shoul it go to 26?
What am I missing? What am I not seeing in these memelines?

>>21674256
Final shakeout bro!

In reality it probably will climb pre-conference but i have a gut feeling the conference is going to be a HUGE letdown.

We have google officially saying they're not using link, we have a kind of poor speaker list, linkpool saying staking is nowhere near and most pertinently the face that smartcon was originally booked for May and if they had imminent big news there's no way they postponed all of that for months just because of corona. Yet we havent seen that which means they were happy to use the conference as just a general oracle/defi meet up.

Don't get me wrong, im all in, first bought at $0.40 and keep buying monthly but im pessimistic for smartcon.

>>21674358
I’ve been trading markets for over 10 years, I didn’t put my lunch money into Link and cross my fingers.

>>21669662
massive h&s that will form into an even bigger h&s
looks like it's going back to 10$

>>21674449
okay okay mister fancy pants
Why don't you go and tell it to your tweeters

>>21674449
Lmao stop trying to talk to us lil fag, no-one cares.

>>21674437
Here’s a simple rule for you, maybe it’ll help you in the future:

Trade in a vacuum. Do you think any of the people who put huge amounts of liquidity into chainlink over the past two weeks give a shit about Smart Con or who is using Chainlink?

Do you think the people who put a ton of liquidity into OMG over the past week are dying to accumulate crypto tokens?

>>21674527
>>21674499
Stings knowing I’m making money while you’re bleeding, huh?

Just wait until the 25th lol

>>21674449
so smart he missed LINK
gz rly

>>21669662
28th??? I want to be rich today, not when I'm retired.

>>21669662
nice meme lines

>>21674533
Yeah i'm not reading that simpy, i think it's time for you to find some friends somewhere else

>>21674598
I’ve made over a million dollars off of link in this year alone

>>21674414
one of these days i'll probably be in your same position but for now I've been in it for 2 years and just broke six figures, took profits too and re-invested into something else that looks great, bought back in with my original stack.

slow gains but I'll take it

>>21674647
It’s the best advice anyone will ever give you. Your entire investment strategy is based on crossing your fingers and hoping your project will get you to some sort of dollar figure that makes you feel like you can retire. That isn’t a good strategy and lots of people have been following that strategy for their entire lives. Anyway, good luck. If Link goes to $7.50-$8, buy some for a turn around trade, but then I’d get out for a while.

>>21674533

so my linkies will go back to zero? :(

If I'm wrong, you faggots can all come back and talk about how big of a faggot Mr. Larp piece of shit is, but here you go:

We're going back around $8 by August 25. We'll bounce there.

Have fun with your golden tickets.

>>21674770
eventually everything will die fren, also LINK

>In b4 reddit spacing, kek, go back, discord, etc etc.

Good luck to all of you and thanks again.

>>21674877
Checked and I planned on buying more when it hits sub10 anyway because I believe in chainlink and have nothing left to lose.

>>21674913
dude stop boofing the devils snow. Use heroine

>>21673756
>>21673788
>>21674024
>>21674054
>>21674204
>>21674269
>>21674312
>>21674414
>>21674449
>>21674533
>>21674574
>>21674649
>>21674744
Imagine if he wasn't just a larping faggot that had really made '8 figures profit in 2020' and still felt the need to post so aggressively to defend how smart he is against anonymous users on a Mongolian throat singing forum.
I would honestly feel sad for the guy.

>>21675056
QS8dtXVA - 15 posts by this ID