/biz/ - Business & Finance

>>25906855
>but I see retards claiming this is 2017

This is 2017, considering thats the year we broke the prior ATH

>>25906855
Cool thread OP! I hope you get hired at Jane Street!

>>25906878
OP is referring to all the retards thinking that the current correction is equivalent to the blow-off top in december 2017.
In reality we're in the equivalent of early 2017. This is the first actual correction post-ATH-break

>>25906855
>it will take hour or days before you sell it off at optimal price without selling the whole orderbook down
No if you market sell 100 on the right fiat pair you may change the price 100 bucks

>>25906855
How should I sell if not at market price? I had 1.46 BTC, should I have sold like 0.12 of it at a time at every bullrun peak? Or is this the wrong line of thinking?

I'm thinking 20-25k downside target based on the 20 week SMA and where that will likely be by the time we get there. Coincides with prior ATH support

Do the opposite of the trend on the long/short chart

Whichever side is bigger gets rekt

>>25907004

>>25906855
fair enough, but by that same logic you should be balls deep in alts

>>25906855
This pullback isnt even complete.

Previous bull runs saw multiple 30-40% drops.

41986.37 - 35% = 27291.1405

>>25907004
Definitely a possibility while still remaining in an overall bull market. But just because that area is the lower boundary does not mean it's going to drop down that far. If you're looking to buy in at that target, I would recommend laddering in so that you don't get bogged by the wick only going just shy of your buy-in price.

Personally I'm just holding through all this because I'd be a terrible trader and just get bogged at every opportunity trying to time my swings.

>>25906904
this

>>25906904
this. we are literally first selloff

>>25906855
>first stage of this bull run
Cope harder. Bitcoin is officially dead.

>>25907033
What software are you guys using to graph SMA/EMAs?

>>25907169
says increasingly nervous nocoiner for the 700th time
I know you're just baiting though. You're alright, m8

as you can see, the quadruple Linear Frank Fibonacci Regression is about to topple a double integer that relates to the sum of the January 7th Leonardo triple top flip sequence that will most likely end after February 21st.

This means that in under 3 hours, a rectangle-double-top hybrid Edward pseudo pattern will form which will absolutely DECIMATE Bitcoin and almost all of crypto for the remainder of the french celestial triangle which began in April 1st, 2018 and ends on March 9th, 2021. After this period, the Machiavelli triple ass triangle deux Croce will form which may push Bitcoin back up to $40,000 before June 2021.

Sell now.

>>25907177
tradingview is great for crypto

>>25907120
yeah i'd layer in between 25-20k with incrementally bigger bids the lower it goes

>>25907103
I've been saying 28k since ATH started dipping. We are very clearly on a downward trend, but there's literally no reason to not start pumping once we reach 28k, because it's also clear BTC is just getting started this year.

>>25907237
I'd recommend putting in some buys above 25k as well. Unless you're already confident in your position anyway, then it's whatever. Personally I haven't bought anything since last june. Packed all my bags after the corona crash.

>>25907219
topkek

>>25907258
all part of the plan. you shorting this pullback or staying long?

OP is the exact demonstration of Dunning Kruger effect

>>25907277
Long. I have no faith in USD anymore so fuck it. Might as well have some acceptable currency for when China conquers us.

>>25907219

>>25907204
Why would I be nervous, I am watching your tulip market wilt in real time. Now I get to laugh at all the bitconers that tried to get me into their scam the last month.

>>25907338
based and chinapilled

people thinking we are in a bullrun and it's only beginning will cut their veins before EOY

>>25907219

>>25907338
>I don't trust USD anymore, but I trust unbacked-tether pumped money

lmao

>>25907529
i'm shorting on top of my long position faggot
i win either way
cope less

>>25907579
What will you say when biden takes office and does another $3,200,000,000 stimulus and BTC shoots up to $55,000? Will you shit? Will you sit on the toilet, and shit?

OP here, also to some of you oldfags that are on twitter pretending to be some big characters in crypto, have you maybe noticed how EURUSD, Gold and BTC have been trading in past few months? Now blame it on fundamentals of whatever, but do you also find it ironic that this drop of BTC from 40k$ came just around the time EURUSD started getting stronger off at 1.23400? and why is that, why do you think you oldfags this happened?

Maybe zoom out to weekly chart of EURUSD and put volume profile over the last cluster where multi-weekly period of strong dollar began and guess who is defending billions if not trillions of leveraged dollars. Coincidence that BTC was rising up until that point and a couple of days took place before dollars started rising again from that exact point.

Now I'm not saying dollar is getting stronger long-term, but you know these people with billions/trillions of dollara have to somehow re-arrange their position and defend those positions, because they can't day trade with billions and have to have positions open for a specific amoint of time.

Anyway BTC will go down until EURUSD reaches around 1.18500 mark somewhere, from where a massive sell of will begin and further inflation.. while pushing BTC highet again.

Now go fuck yourself you degenerate pretentious twitter oldfags, with some profile pictured of iconic philosophers and important people, larping like you know what you ared doing, when in all reality you are the one of thr biggest retards on this planet, miss-reading altcoin and vtc moves, while not even realizing how correlated the market is and how it operates/re-adjusts to fundamentald from other markets.

>>25906855
Pretty sure every crypto will either moon or go to zero. It doesn't seem like the dollar will be the central medium of exchange between national currencies for much longer. No matter what happens, some crypto will moon and some will crash.

>>25907644
I'll shit on your face, you stupid fucking faggot

>>25907644
Only $3.2 billion? The market would crash if the stimulus was that small

>>25907683
currencies are fucked broski
you seen inflation? canada is getting rid of physical fiat. all dollars are devaluing together. 1:1 just means theyre devaluing at the same speed. the seemingly sudden acceptance of crypto (institutions buying and holding, banks getting the greenlight for crypto). corona getting exploited to crush small businesses and strength the rich. the path to decentralization will be rocky because it is anti-establishment and it may not be bitcoin that wins but to not be in crypto is idiotic.

>>25907805
Whatever, that only happened because I'm a dumbass. No biggie. I'm a screwup. I started with 10K and now have $8200 and falling because I keep making all the wrong decisions and it's continuallu falling. WonderingnifnI should pull out now and never look back at doing the BTC lottery.

>>25907822
I've been trading forex, commodities and crypto for past 4-5 years.

Just shut the fuck up and go larping on twitter with your grandiose giga brain knowledge. Just make money and shut the fuck up, because I can give you 5 valid fundamental points in either direction why something is about to happen. Trade according to charts and what big money is doing when it comes to markets. Also don't forget to ask yourself, "how would I fuck normie trades the most in this certain spot" and trade accordingly to trend on bigger timeframe.

gl

>>25907219
I audibly chuckled

this chart is literally making me coom. just bought 100k

>>25907146
Not even first selloff according to the bubble meme chart
This blip will not even register on the year's chart
First sell off comes in late summer

>>25907219
i kept giggling reading this

I KEEP BUYING HIGH AND SELLING LOW

>>25908163
Based dagoth ur

>>25906855
You are trying to find trends and logic where there is none. 2017 was huge hype and people buying like crazy. 2020 nobody was buying, tether was pumped on much higher scale. They overdid it - the price increased too much too fast for the normies to hop in, instead everybody started selling. 15th will be last nail in the coffin. That’s it.

>>25908530
>clear logic
>there is no logic

ok retard

>>25906904
>>25907129
>>25907146
>>25908163
>first sell off
The first sell off was back in November when it went from $20k to $16k, you dumb retards

>>25909357
you do realize that was just a bounce from previous ATH? We are talking about now that we are over previous ATH lol.

>>25907219
fucking kek

>>25907892
>BTC lottery.

>>25909357
You're either a newfag or too old an oldfag to see what's going on right now
Just like the newfags AND oldfags thought the top was at $3000 in summer 2017, I remember

>>25907683
>while not even realizing how correlated the market is and how it operates/re-adjusts to fundamentald from other markets.
I don't think any of the OG crypto twitter niggers trade off of fundamentals in the short term. They are all so rich from TA altcoin trading that they just post memes all day

>Anyway BTC will go down until EURUSD reaches around 1.18500 mark somewhere
i have never heard of someone correlating this to btc this is interesting. thank you for post anon

>>25906855
>if you are going to have hundreds or thousands BTCs that you want to sell
couldn't it technically be anyone selling? i mean the chart looked like the Burj Khalifa vertical line, so does it matter if it 1 whale or 1000 normies?

>>25908530
>15th will be last nail in the coffin. That’s it.
kek. Then go short on the 15th. If you really do believe bitcoin will crash

>>25910356
I think there will be another run up to around 40500$ as false hope for next quick rally (pretty much completing the correction pattern, but on smaller scale), but then we are going down to 23500$. I'm pretty sure there will be another sell off to shake out normies.

>>25907927
>>25907683
blessed anon.
cant fault the advice.
>tl;dr markets were not designed and built specifically so poorfags could moon thats or fucking sure.
for the record anons inflation is a measure of BUYING power relative to face value. This is the only wise anon on /biz rn
if you all become billionaires. the billionaire become what the answer is sure as shit not poorer than you..
i swear to barney i will end every single fucking one of you if im buying $1000 milk cartons in minecraft.

>>25909705
>>25910009
>bought the top/bull trap that immediately starts crabbing
>now coping by calling said bull trap "the first sell off"
Never change /biz/

>>25908366
Kek just dont sell at a lost, i barely know what im doing but youd have to be actually retarded to lose money on BTC, Id say its shitting gold but its better than gold

>>25910729
Nigger I bought at $6k and below
It's not hard to see the 4 year cycle

Print out your post and look at it every day until August

>>25906855
> will have a couple more run ups and corrections
why this instead of a dump?

>>25908530
Won't be the last nail, the last nail will be the STABLE act under the Biden administration. This will require all stablecoins to deposit full dollar sums in the Federal reserve in order to retain their license. Plus audits. Tether is 0/3. The real volume entering the crypto market was only $10M a day, not $400M a day - look at the USDC minting chart. When Tether goes down this year, it's another black swan event and a bear market for 2 years breaking all hodl meme charts.
You can place a big short tier billion dollar bet that this is happening this year.

>>25908530
>15th will be last nail in the coffin.
What if Bitcoin gains massively or is indifferent to that news, what then?

>>25910841
You know what happens when the Fed audits and the books don't add up at your bank? They print/issue money to make sure there isn't a run at the bank.

>>25910659

>>25910841
Retards like you were saying the same thing in 2018, 2019 and 2020.
Tether isn't even incorporated in the US, they don't give a fuck about some muslim bitch law passed in your banana republic.

Besides USDC miniting is outpacing USDT one since last year. Get fucked bobo, you are going to miss out.

>>25910883
Buy more

Okay can we go back to 45k so I can sell this piece of shit. I am tired of watching these numbers all day

>>25906878
Fpbp

>>25907219
thanks just sold 100k

>>25906855
Dang bro, you must be floating in money being so gud at trading

>>25911144
Are you serious? That is for federally insured banks. Which Tether isn't. Do you really think the Fed is going to send Paolo Ardoino 25 billion dollars to backstop his scamtoken so that bitcoin doesn't crash?

I could deal with the newfags but now I'm selling. The delusion is unreal.

>>25907683
Force things. Destroy reality.

imagine saying the bull run its over when it hasnt even started

are these niggas for real, clearly ngmi

>>25907219
BTC is on a power play but ETH has still been getting more shots on net.

>>25907219
>this

>>25910841
correct, but the question is how long till STABLE act? my guess is at least 4 to 5 months, so the ponzi stay for a bit longer

>>25911144
ur commercial banks don't/can't print money
I don't think u understand how it works

>>25907219
now that's TA

>>25906855
Epic log scale