/biz/ - Business & Finance

Go on...

is this a willy woo metric lol

>>29489237
It's an indicator that's been able to predict the top since 2013. When those two lines touch top is in.

>>29489497
Have they touched?

they arent touching, and btc has boomed in the past when it does. It also dumped. This means absolutely nothing you magic stick voodoo faggot

>>29489497
It's an indicator that was invented post the first two tops and made to perfectly align with the previous two tops. Kys niggers

>>29489851
how do you know this is going to the bottom? maybe there's a leg up from here before the cross and the thicc crash

>>29489737
No

>>29489029
don’t mind that institutions can randomly pump bitcoin like it’s a microcap shitcoin

>>29489966
/thread

>>29489029
zoom in retard

>>29489966
>>29489851

Complacency

>>29492666
Yeah we're like a month away before they touch, you really want to risk trying to time it perfectly?

>>29492858
>Every time a correction happens /biz/ thinks it's the end
When will you people learn?

WE ARE LITERALLY IN SEPTEMBER 2017

This is bullish af

>>29489029
In other words we are at the sept pull back to $3k from the 2017 cycle. So we are going to do a 6x from wherever we bottom on the current retrace. That likely puts us at $200k - $250k top, sounds about right, but sure sell now

>>29489497
> since 2013
have you looked at what happened in 2013?

>>29492858
The fucking meme bubble chart gets posted 5000 times a day every day on /biz/ everytime a bull market happens.

>>29492938

>>29494071
link better hurry the fuck up 3 months until the bull ends and it's under $25 what a fucking shit token

>>29489029
>thinking he can call the top because some MAs are touching.

Corralation does not equal causation, idiot.

A=>B doesn't mean that B=>A automatically follows. Learn basic logic.
Also why 111? That is completly arbitrary.

>>29495510
It's not arbitrary, it's the two MAs that have precisely predicted the last 3 tops.

>>29495388
Yeah it pretty much needs to bounce off this dip and follow the eth2017 rocketship. If not it may just miss the whole bull and then climb through the bear again a year from now while everything else tanks.

>>29489029
So its worth noting that historically the month or so leading up to these two MAs touching is the sharpest price increase, and then the month or so that follows is the bonafide alt season. In otherwords, this is incredibly bullish for the short term but does indicate the cycle is a couple months at most from ending.

>>29489029
>MA111
>MA350
Textbook case of overfitting your data.

>>29489029
So this is the start of 2017? 100k inc..and I am still in USDT. HELP!!!!!!!!!!!!!!

>>29489966
>Two data points
Wew lad

Also, Elon tweet coefficient hasn't been factored in.

>>29495696
you're confusing predicted with backtested; three bull cross, another similar indicator wasn't out till 2019. same for pi cycle. they're just best to past tops

>>29495696
this is the dumbest shit ever.
the faggots literally tried 500 different numbers for the MA and found out that one of the 500000 combinations got close to predicting the top like 3 times.

hmmmmm

>>29489497
lines touched twice in 2013-2014 dumb ass.

>>29489029
Rhodl is a better indicator.

>>29495696
Explain why 111, then.

>>29496290
Lmao someone has no idea how statistical modeling works, nice job exposing your ignorance.

>Rhodl

>>29489966
This.
All these long term meme lines are the definition of posthoc analysis.

>>29492666
Fucking checked. The lines take a while to converge especially when we have corrections like this. Got easily another month, probably not 100k BTC but we could easily see 75.