/biz/ - Business & Finance

nah just your standard return to normal bull trap

>>23750169
based retard

>>23750169
Lmao complete denial

>>23750154
No, thats silver

>>23750154
Yes and the handle is going to 8k

>>23750154
Some salty mega holders from 2017 will sell at some point. That's my suspicion.
I think it will plateau betweek 15.5K and 16K before comfortably surpassing that.
Will take months.

>>23750225
this seems to check out with my analysis too, anon

>>23750326
This makes sense. Id say lowr plateau though. ~10k maybe.

>>23750326
COVID crash got rid of all the weak hands who were waiting since 2017 to get out. People still hodling now never lost sight of the 2020-2022 bull run and are patiently waiting for $30k+

>>23750169
dangerously based

>>23750444
$300k+

>>23750154
>>23750363

>>23750169
Unfortunately this. I set my buy order at 2k.

>>23751527
the actual graph is way more bullish holy shit

>>23750154
only if the 20week ma is enough for the handle, although it could wick below since its a weekly candle, lets hope that would be in to the sane

>>23750154
>Could BTC be forming the mother of all cup and handles?
yes dude thats what we have been saying this whole time.

>>23751527
Bitcoin managed to do what the tulip mania couldn't.

Bitcoin isn't just a bubble, bitcoin is a multitude of bubbles that keep returning right on time. No wonder the smart people saw the opportunities and became actual billionaires, meanwhile morons are happy with their crappy 100k-300k

Bitcoin price history is literally a self-similar fractal pattern that will continue to replicate itself on a larger scale until all other forms of money on earth are brought to heel. Bitcoin is the apex predator of money and it is going to devour everything. Wait for the next blow off too and you will see people doing anything they can to get their hands on a small fraction of 1 BTC. It’s going to astound the entire world. Believe me when I say that this is the money equivalent of an extraterrestrial life form landing on this planet. We as humans simply cannot turn away from this asset. It is the first fixed supply asset that our species has ever been in contact with and because of the nature of our species it will soon become the central focus of all economic activity on earth. Forget the US dollar. You will be begging in the streets if you only have that.

>>23751620
>"cup and handle hurr"
>it's a ladle

>>23750154
Who cares. ALTS bottomed + november - december run = BoringDAO boom.

>>23750326
There aren't all that many of them and they don't own all that much. There were only 25 days when Bitcoin even partly traded higher than the current price of $15,800, and only 15 that were entirely above that price. That's out of, umm, I dunno, somewhere around 3700 days of trading, maybe more, but realistically well over 3000 days where Bitcoin was really traded for economic purposes rather than just being bits on hard drives.

>>23752057
>tulip mania
Joke's on you, that never really happened.

1. the whole financial aspect was a result of the nobility getting the government to change contract law to favor them, and was quite rational as markets adjusted to the new legal situation.
2. all the tales of madness and murder and bankruptcy were made up by Calvinist Christian moralfags to teach people about greed, and were all fake as far as anyone has been able to find. No sailors getting whipped to death for eating a tulip bulb, no people selling their houses for one single bulb. Just lies spread by "good Christians" to teach their fake-news belief system.