/biz/ - Business & Finance

sorry, it was a fakeout. liquidate a few overextended shorts and then dump the price to take out the longs. will likely go very low.

Down to about 36-37k next week and then back up

>Margin.
>No SL.
Enjoy what you brought upon yourself.

sorry but i made some calls and its going down to $10

>>27964051
I mean I doubt you'll get liquidated but it's going down a bit more

>>27964051
32k is the lowest it will go down to this cycle but you probably shouldn't have leveraged the top lmao

>>27964179
BOGGED

27k incoming
Thanks for flying rekt airlines

>>27964051
thats what you get for being a gambler

>>27964051

next target is around 55k

>>27964051
time to go all in with 125x on binance

Same here. But I already bit the bullet and took the loss.

>>27964051
Yes, he's right here. Should we tell him?

>>27964263
nigger what fucking board do you think we're all on right now?

>>27964051
What's your liquidation price and how much collateral?

>>27964051
Calm down, faggot. We’re going to $50k by the end of the month.

>>27964190
>>27964387
I won't get rekt but if I close the position now I'm down about 12k.

>>27964377
go back to wallstreet bets you fucking retard

>>27964051
40k is not ATH retard, should have checked that before touching a leverage token

What's the point of using leverage during such high volatility?

>>27964736
3 times the gains. If it had pumped I'd be up 12k now.

>>27964051
bitcoin always rises you retard.
lookup the bitcoin rainbow, you bought not too bad, just wait some time, maybe a few months.

>>27964051
you're gonna feel a lot of pain, i dont know why you would 3x leverage crypto, but I think you will survive the stop run.

>>27964051
i am sorry anon, its ogre

>>27964051
Iirc resistance points are $39,500 (small) and $42,000 (large). The coin seems relatively predictable and tied to speculative inflation in the monetary system.

Check:
Round one of stimmy goes out to hit bank accounts by 1/4/21. Between 12/31/20 and 1/4/21 btc bursts through multiple layers of resistance.

That week, Major players state they think btc has potential. Price breaks $40k for first time.

Hype settles over the next two weeks and the price crabs between 33,000 and 39,000.

Old lady starts Yellen about regulating crypto wtf.... btc falls below 30,000

Old lady clarifies. Over the next week+ the price goes back to crabbing between $32k and $37k.

Friday: Kalama breaks tie vote in congress to prevent gop filibuster vote on covid relief bill. Looking more likely usd is going to print faster than ever before. Btc tears through minor resistance at $39,500 but not enough buy demand to break $42,000.

Now if the stimmy checks get confirmed and they say they are going out on 3/1/21 or something...I’d fully expect btc to break $42k and move towards $50k

>>27964051
TA says it's going back down to 37.5k at least but should recover quickly from there
if it doesn't stop dumping at that point you need to get the fuck out

>we early boys legoooo

>>27965193
all resistances were broken due tethering

>>27965359
they create tether, lend the tether to retard leverage traders, they get liquidated, exchange take back the printed tether + profit from interest and liquidation fees, rince and repeat until the demand for leverage goes down and then they can remove the tether from circulation.

>>27965359
But theoretically and in an oversimplified thought, if their are enough whales with buy orders at x and sell orders at y, aren’t they creating resistance. And isn’t a huge % of btc owned by a small % of whales?

>>27964829
Not on leveraged tokens. That shit gets corrected every 24 hours, if you don't sell by the end of the day you lose out

it's the handle of a cup and handle. may touch 35-36k but will bounce sharply to rebreak 40k and surge to 50 in a few days

>>27965966
KEY RESISTANCES are what matter, they trigger the big bull and selloffs

once they get audited the chart will essentially be "fake" because we cant know if it was real demand

>leverage
Why do you poorfags even?

>>27964568
Oh, well that’s no big deal then

>>27964051
outbreak and breakout are not the same thing OP

>>27964051
i got into margin trading a couple of months ago and lost about $10k... never again. back to shitcoins for me. just bought the rubic dip. way easier reading the fear here than competing against institutions and whales in btc/eth

>>27965359

>>27964736
>>27964817

Samefag

People are just scared cuz we are closing in on our All TIme High... happens every time... i predicted this would happen once we got close to 42k... my instincts tell me BTC is about to pump fast and hard past 42k to new all time highs. But do your own research

>>27967908
nice audit