/biz/ - Business & Finance

>>22686075
How can it dump so hard with absolutely no volume? There is some fuckery going on I can feel it.

Only two more dollars to go and I'll no longer be in profit. Amazing. Thanks /biz/

>>22686132
Its because the volume is so low the bots press it down we will probably see 66k sats or if it was 60ksats that is where the parabola bottom is

>>22686235

This. The entire chart is painted by bots.

>>22686075
are those decade candles?

>>22686170
Lmao. Haha at least after this mess I will no longer call you a no linker. You will be my fren. My fellow marine. You earned it. And you'll get used to it. From 3k to 900 dollars than from 50k to 10k then 200 k down to 80 k.

>>22686312
Sorry lad but it's probably never gonna go back up again. I fucked up not selling and if it goes red I will actually kill myself.

what's this pic I can't tell

>>22686235
>>22686270
more like painted by cope lmao

3deep5me

>>22686350
kek

>>22686388
checked

>>22686339
Stop being such a pussy. Pussies say this literally every time this happens.

link will be $5

> wearing pants

>>22686075
good by

>>22686452
Link has never done this before. This is the worst dump we've we seen. God I'd hate to be an early buyer because most of you probably watched life changing money slip right through your fingertips.

>>22686075
>imagine looking at that chart and thinking its going to go back up
there will be a dead cat bounce and then we go back under $5. I sold at $16 and will rebuy there.

>>22686472
no shit

>>22686545
Wrong. We dumped from $4.95 to $1.60 a year ago and from $4.90 to $0 during the coronameme panic.

>>22686585
Strap in lad because we are going down to 4

>>22686627
Nope. This is the bottom. All oscillators are already reset. The monthly EMA is unbreakable.

>>22686585
we dumped to .001 but have pumped to 9999PAX before

>>22686075
This. OP was not a fag for once. Parabolic trend: resumed

>>22686344
discord tranny fud

If that yellow line turns out to hold I wonder if I will have the balls to swing next time we go too far away from it, so scary.

An entire generation of bag holders cucked by CZ and his bot army

>>22686862
remember the types of threads they make anons.
Here's some hopium

>>22686903
I've noticed Bitcoin pumps coincide with our news pumps. I dont know why but look at the coinbase pump and this Smart Con pump. I would say if Bitcoin is pumping at the same time we have news, it's a sellable top.

>>22687089
Yeah I lost 5k linkies once when i tried swinging tho so the fear of being whale food again is pretty strong

>>22686075
60k sats its the bottom, every OG know it. Don't make our new frens lose money

>>22686686
Until it breaks, idiot

>>22687297
I look at it like this. Do you believe in the fundamentals? Are you a TA and chart expert? If you answered yes to the first and no to the second, just hold. In a best case scenario you might pick up some extra link and taxable events, but you were going to make it eventually anyways. Worst case you lose your golden tickets forever.

>>22686545
Psh, was a millionaire last month and still bought more link, when it fell to $17. It's no vibe at all to me, it's very difficult for me to justify selling at $25. That's chump change for what this baby can do.

>>22687614
Some more perspective: there are still people lurking right now, that thought 5/6/7 was the top and “euphoria”, and are desperate to get back in. Some already did and cut their stacks in half or worse. Unless you know what you’re doing, or part of some massive whale group, what makes you think you won’t be that guy? Swing at your own risk, and if you do so only use percentages of your stack.

>>22686075

Is this what they meant by “return to the mean?” Seriously though, this also corresponds with price on the LINKUSD chart passing and getting rejected by the low nines. If it holds here we’re golden

>>22687614
>TA and chart expert
anyone who considers himself one of this should kill himself asap

>>22686270

Dog, this is truly tinfoil hat tier. LINK has become far too high volume to be painted by anyone anymore. Thats the territory of low volume pnd shitcoins

>>22686132
because no one is willing to buy at these levels. not much selling needed to push the price down

>>22686075
>monthly
utter cope

>>22686582
Jesus Christ what a shitcoin chart. Not even bitcoin's chart looked that horrid back in 2010-2014.

>muh bots
No one uses bots in crypto idiot

Un1sWap

T me lol fags

>>22688495
>Nobody uses bots
>Every trader is just doing 24/7 manual market buys and sells
>Don't use bots goy

went below the line, only took afew minutes

>>22687717
Post buy orders

i didn't sell because selling implies i'm long USD, and the USD is a total shitcoin

>>22688661
Wrong. This support is unbreakable

>>22686545
It has done worse than this 2 or 3 times you are just new is the problem.

>>22686075

>We

Who's this "we" bullshit?

WE, the 2017 LINKies sold this fucking heap f trash above $16.

>>22686075
>1 min candle

wow all the massive gains of last month is gone

makes you think

feels bad to hold all the way to the top then down

fuck my life

>>22689758
stupid 2018 nufag zoomers getting rekt left and right

>>22686075
There's absolutely no buy pressure. Nothing new coming from the devs, they have accomplished nothing other than spreading rumors. Tell me, why would anyone buy now?

>>22687614
I traded myself from 400 linkies to over 20 000 in last 2 years. I wouldn't say I'm a expert but getting there.

I have no idea wats going on now so I'm just playing it safe for the next few days, maybe weeks.

>>22690644
>Accomplished more than literally any other crypto project in existence
>they have accomplished nothing
What did the absolute retard mean by this?

>>22686132
>>22688225
>"not much" selling
>volume nearly $1b
literally everyone is getting out and this is your last chance to sell

>>22686132
kek I’ve never seen RSI stay under 20 for this long

>>22686132
you know those buy walls that sit in the order book and never get filled
well they remove em before dumping it

>>22686075
>1EMA support
lol nice m8

>>22686585
dude THATS when i was really kicking myself for not buying. I was like i really thought we would never see sub $1 and it dropped like a fuckin rock but only for like a day or two iirc

>>22686132
>>22688225
>>22691130
sirs i revoke these words. my manager has just hit me with a meter stick for the third time today for poor fudding, and i have bleeding from my hands now. bizness and finance has taught me to stand up for myself, and to renounce allignment to employers who treat us so poorly

>>22686545
I’m a september 2017 buyer and yes it has dumped this hard multiple times. The only reason we have “life changing money” in the first place is because we aren’t glass hands pussies that get shaken out by volatility. Btw I bought another 3k LINK this morning.

Every single day of calendar year 2018 felt precisely like this, don't care anymore

>>22691439
this.

>>22689579
based retard

>>22686075
OP wasn't wrong; LINK is up in sats though obviously way down in USD. This is actually looking bullish.

>>22691291
>dude THATS when i was really kicking myself for not buying. I was like i really thought we would never see sub $1 and it dropped like a fuckin rock but only for like a day or two iirc
It was for a split second, a single bearish whale fatfingered and accidentally sold everything he held.

>>22691295

Correct answer. Everyone panicking is either so new that they've never lived through any one of the half dozen pumps followed by 75-100% retracements, or they are literally so lazy that they can't see them on the charts in the past. Worse yet is the possibility that everyone freaking out is an OG linkie so mentally disabled that they haven't learned from those dumps in the past.

I have lived through this so many times. The deluded euphoria at the top ("next leg up to 10/30/50 dollars about to happen!"). The denial as it goes down. The smug fudders flowing out of the woodwork to say that this was the final big pump and it was a scam all along and now it's headed to zero. The absolute despair and depression by people saying how much they lost, and the self-doubting by linkies who are probably all new holders anyway. It's fucking toxic coming onto biz at times like this. But the sort of people who panic at times like this should not be in crypto to begin with.

BTW, this time around I learned my lesson and sold the obvious top. Only a portion of my stack. Made 75K USD and bought back in between 11 and 9 with plenty left over for taxes and one of the new 3090s. If it goes lower than this, I still have no regrets about it

>>22686075
80% retrace off parabolic violation. Target should be $4

>>22692074
>Correct answer. Everyone panicking is either so new that they've never lived through any one of the half dozen pumps followed by 75-100% retracements, or they are literally so lazy that they can't see them on the charts in the past. Worse yet is the possibility that everyone freaking out is an OG linkie so mentally disabled that they haven't learned from those dumps in the past.
I'm just pinkwojaking and doomposting for fun desu, I miss those mid 2017 days of the pinkfields.

>this whole thread
Are you telling me you have seen 80% retracements TWICE in the past and you still didnt learn your lesson and thought watching your money drop 80% over a period of weeks was a good idea, and you are actually proud of yourself for failing to take profits for the third fucking time?

HAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

>>22686075
link is dead
anyone trying to get you to buy in now is a cunt.

>>22692390
Buy at $4

>>22692354
Describe a trading strategy that would have avoided the 80% retracements, while still leaving you in the market for the 100% pumps.
Without the benefit of hindsight you would have sold the first time it hit $6 or $8 and you would still be waiting for your inevitable retracement.

>>22692690
>coin only go up forever especially after going 140%+ up in just a few days

>>22692074
>It's fucking toxic coming onto biz at times like this
I don't know anon, these are some of my favourite times on biz, everyone suffering together

>>22686235
>Its because the volume is so low the bots press it down
what does this mean? How can bot press down the volume?

>>22692074
> It's fucking toxic coming onto biz at times like this.

>>22692731
That's not a strategy. Describe something that can be backtested.

>>22693067
Search for psychological barriers. Eg 15 or 20 if that doesn't hold sell 50% and buy back at lower barriers. Once you have made a profit keep 10% of the profits for a large retracement.

>I just touched my peepee so it will go up
imagine bagholding link

>>22686132
Because the value of the US dollar (the shit you buy crypto with) massively increased in value today.

If you read more, less things would look like sorcery/"fuckery."

>>22692961
he meant the price not the volume