/biz/ - Business & Finance

>>24024168
Me buying the dip

>>24024168
Are you new?

>>24024168
Chinese ponzi scheme bots triggered to sell at a certain price, met with weak hands panic selling.

>>24024168
Shakeout of weak hands/nervous noobs etc

There will always be corrections on the run up

Looks like a flash wick to the downside, it happens when the price goes down but then comes back up before the candle closes. Try looking at it on a shorter time frame and you'll be able to see more of the action

That's a bunch of newfags getting raped

>>24024168
a dip

>>24024168
Mumus got liquidated, then the Bobos fomoed in and go liquidated too.

Stop hunt

>>24024168
>>24024273
>>24024324
Wait, my long isn't safe against scam wicks? I thought it protects me as long as the candle doesn't close.

Who causes this and how to know when its the next one going to happen?

>>24025344
The answer is in the pic you posted.
t. fren

>>24025344
>who causes this
Whales
>how to know when its the next one going to happen?
Ask whales

>>24025344
There is no way to know. Also this shit pumped to 18.4 or whatever in no time and then quickly retraced and held support at 17.5, where it remains today, although it briefly hit 18k again this morning. So this pump and dump was just a shakeout of weak hands. Id only be concerned if they price began dropping below 15.7k.

Is this avax? I think chance to jump in

>>24024168
This is a chance to buy the local dip dear anon i'm buying more btc and some alts as well

>>24024168
nervous fags being great reset

>>24027564
Shill me your altcoinz degenssss

>>24025344
just fucking buy the asset instead of using (((leverage)))

>>24027586
Mine is avax

>>24027586
RVN and AVAX mate ;)

>>24027649
really? mine are exactly same! mostly rvn and avax but rvn is going so bad :'(

>>24027586
While many new listed shitcoins are in bloodbath, Avax stayed strong.My only long term bag.See you next year bitchess

>>24025034
>Wait, my long isn't safe against scam wicks? I thought it protects me as long as the candle doesn't close.
BWHAHAHAHAHHAHAHAHAA

>>24024168
Kek I put in an order for 17450 and it filled during this drop. Based.

>>24024168
Okay so sit on pap's lap and let me explain. You see, number line go up, but number line go up and down too while it go up. Companies like CNBC and cointeelgraph make money by convincing people they "know" why every movement occurs, when in reality it's pretty fucking random and you literally won't fucking care about this meaningless movement even a week from now. Regardless you will click some news article claiming to know the reason it happened and they will get their shekel and you will feel soothed.

>>24024168
LONG lower wics like this is BULLISH AF

>>24024168
Bear trap newfag

>>24024168
these types of moves will increase in frequency and amplitude as we move towards the new all time high
its to shake out the redditors and high leverage gamblers
in the previous cycle this was caused by whales dumping a fairly large sell order all at once hoping to trigger a panic sell in weak handed faggots so the whales can buy back in at a bottom and increase their stack
the effort and risk might not even be worth it for the whales, but i would do it do just for the lols if i could

however today there exist chink gambling casinos where idiots still bet with high leverage
crypto is still an unregulated market anything chink related doubly so
so the house can see the exact payouts at which price level for they have all the data of people positions they then fire up the tether affiliates and move the price shortterm up and down to liquidate but mumu and bobo
tl;dr: don't gamble on the chink exchanges

>>24024168
looks like a merhant

>>24024168
A blow off top

>>24028719
oh yes anon, it was sooo bullish in dec 2017 too

>>24024168
I see this. Can anyone confirm?

>analyzing candles in isolation from volume
The absolute state of this board

cryptoface caused that dip. watch his video of it happening live.

>>24029359
Did a similar analysis just by using google Chart a few hours earlier kek

>>24029548
Pretty good analysis thanks

>>24024168
You don't have to analyze this, it's pretty obvious bag exchange at very high frequency just before candle closes.
Nothing unusual, look at the green candle 7 candles back, does it make you question green candles, why they go up so high? I believe nobody ever questions green candle, then why you question red ones then?

>>24029359
>>24029548
this is probably what triggered the selloff

>>24029383
price preceeds volume
volume begets price
the sun will set in the west
the turtle will win the race
I can say worthless things too anon

>>24030208
why do people on this board just repeat shit they've read before? just stop. literally everyone has read that retard quote before, noone gives a fuck. don't try to act deep, you're poor.

>>24030278
what quote?

>>24030278
>who are you quoting?

thats my gains getting liquidated yesterday