/biz/ - Business & Finance

>>30002551
>>30001696

>>30002624
-NFT hype
-Goldman reopening BTC trading desk
-friend and family asking about crypto again

it feels like the top is near..!

>>30003419
Yup ngl I'm tempted to sell everything right now I'm barely up

>>30002551
Normies are all distracted by crypto while the supply of gold and silver is secretly getting bought out. This shit is going to be a salt miners dream

maybe. we could go back to 30k still. if you look at the dailies and weeklies it would be unlikely to just pump up straight away after that drop. sentiment has turned more bullish now too after just one day so that's ripe for turning. i don't expect 58k is THE top though.

>>30003489
>>30003914
I've got a funny feeling we will correct here for 2-3 months

>>30002551
The correction of that divergence already ended, we had 1 week of red its normal

>>30004219
More like 2-3 years before it even attempts to rally yet still doesn't reach it's ATH

>>30004400
fuck it I'll just trust the digits

>>30002551
June 2019 was the the 'expansion' phase, not the bull phase. So I don't think that can actually be counted.

This was BTC's last actual bull run.

nope
>>30000000

>>30004219
Nope! I am shorting rn with 5x leverage

>>30002551

Possible, but you play it like the previous bull runs.
First you need to be net long from below
Then after major correction (>20%)
You place short orders at around .786 (measured from the latest ATH to the bottom of correction)
Currently it should be around 55k if 43k was the bottom
This needs to be another position, not closing your long
Optionally take some profit off your long at the same area of your short (don't close all)
Place your short stop loss above ATH
If 58k isn't the top, your short will be stopped out, but you'll still be in net profit because you still have long from below that you can add to later
Otherwise, if 58k was the top then you'll be protected from further downside by your newly opened short

>>30004785
Make sure to buy put options on MSTR. This shit is finished

>>30002551
No.

>>30005652
Yes.

>>30005554
What's the problem? BTC is ahead of 2017 bullrun so far. Might have a double top like 2013.

>>30006184
More like a double flop. Run for the exit you fucking retards

>>30006328
What does that even mean

How do whales benefit from high fee unspent transactions

>>30006589
tens of thousands of failed transactions w/$100 fees paid in BTC depreciates the supply of BTC rapidly, pumping the price. It's FUD from people that are priced out.

$75,000 in the next two months

>>30006589
>>30006664
Literally traps people that have wallets with unspent UTXO. Making them coins worthless.

who is the faggot ass whale with a sell wall set at 49.5k

>>30006809
Whose “spending” 0.000x btc though?

Nobody is besides people testing it.

>>30003664
I got both lel, gold is infinitely more troublesome to buy/sell though.

>>30006328
kys

>>30002624
Isn't the market cap of BTC like inflated 4-6x?

>>30003664
>while the supply of gold and silver is secretly getting bought out.
So is the supply of bitcoin, retard

>>30006910
Nobody is spending that because they can't afford the fees on it. The higher the price the higher the fees. And just like that people can't even close out their UTXO. BTC down the drain for the normies!

>>30003664
>muh shiny rocks
kys racist qtard, you will own nothing and you will be happy.

>>30002551
>topping out
nigga, what are you talking about? By your own chart it was literally just consolidated before blasting off. That march dump doesn't mean shit because that was a black swan event

Even if this is the top, I doubt it dumps before coinbase IPO. You would think all the exchanges are eventually going to go public, and they'll manipulating the price if they need to to make sure coinbase gets an inflated valuation.

I sold a few days ago. I'll wait for at least another few days to see what's going to happen.

>>30007270
>kys racist qtard
Hahahaha No sir, you are the one that owns nothing. Literal ledger digits lost in cyberspace. Congratulations on being the greatest of fools.

>>30007517
Such a fucking boomer can't even adapt to the changing times.

>>30002551
it's only on the weekly
daily, 4h, monthly all look good
similar bearish divergence on weekly happened in 2017 mid-rally and it never played out

>>30007517
Sorry, but you didn't actually say anything. You just send some bits across the internet.

>>30007724
>You just send some bits across the internet
That;s correct. And I didn't buy them at an inflated price either. Hahahahaha

>>30007517
You own physical PM, anon?

>>30002624
I saw that comment earlier and checked whale alert myself...only 1 tx like he's talking about GTFO

>>30007605
>bucks 5000 years of human history for numbers made by a rando 14 years ago

>>30007851
No other way to truly own it

>>30007960
You could say the same about slavery and inequality of race, gender and sexuality.

>>30007960
keep your 5% yearly gains while I multiply my money Lol

>>30008124
You're right, I could.

>>30008376
you have zero gains until you sell to another dumbass.

>>30008104
Bad ass. Was gonna call you words if you only had PM Stonks.

>>30002551
>mfw OP presumes people on biz know what the divergences are

>>30008473
You are dumb as shit, retard. The reason bitcoin is going up is because bitcoin is being made into the new store of value hence why rich people are getting in. But ya, let's ignore that micro strategy meeting with fortune 500 companies and other shit. Keep your shitty ass gains and keep living in a bubble. You'll have massive regrets in about a year from now, peter shit

>>30008673
looks like monthly RSI. The longer you crab the less of a chance you have of overbuying.

>>30008617
I was scared that I wouldn't be able to time cryptos to maximize my metals buying but I've done alright.

>>30008673
>unironically basing your trading on the fucking RSI

Jesus christ. The absolute state. Fuck TA and fuck you.

>>30002551
>Calling the top using one indicator

>>30002551
Explain your memelines to this moron.

>>30009048
where did I say I do that you retarded faggot?

>>30009143
this and pic related
along with the fact that the march dump wasn't some normal dump. It was a black swan event

>>30009208
>muh divergance
>not RSI

>>30009354
BTC only dumped in march becauae everything was dumping. The macro deflationary pressure triggered a cascade of margin calls and institutions sold their BTC to cover, while normies sold to buy noodels and toilet paper.

>>30009378
I am asking again, where did I say I use any of that for trading you cocksucker? I just stated that half of this board probably doesn't know any of those terms

>>30002551
kek yes its over anon sell now. Look at the date btw

>>30009528
People not knowing is a good thing, because TA is dumb.

>>30009143
>TA is only valid when it supports what i believe

fucking TA fags are retarded

>>30009528
>t. 105 IQ trader who feels smart using widely-known terms

>>30009607
unironically this

>>30009504
it dumped on march due to covid creating uncertainty. Covid literally became public on march. About mid march. I explicitly remember thinking to myself "who fucking cares about some flu" and the market panic sold everything. Not just butcoin. Everything bled, but it was indeed due to covid. There were also bitmexs's scammy liquidation engine

>>30009528
Also why do people even use RSI? You can eyeball it just by looking at the price action. Any indicator that only uses OA as its input and nothing else, ie no external information is worthless.

we keep pumping, shorts are no options here. unlimited tether buying a limited bitcoin. they gonna pump it to 100-200-300k this year. nothing can stop it anymore. china bans crypto? fuck off chinks brrrrrrr

>>30009963
MFI chad reporting in.

>>30009930
Nigger, people with any sort of foresight knew corona was a black swan by the end of janurary. March, fucking please. The downward pressure on things that would benefit from the pandemic like tech stocks, gold and BTC fell because people were being margin called across the board. But yes, MEX is also to blame, a shit ton of people got liquidated once we broke 7.7k.

>biz is bullish
>i short
>biz is bearish
>i go long

simple as

>>30010345
Someone needs to make a biz indicator on tradingview. Fuck the fgi.

>>29999999
>>30000000

>>30010423
Wojak index, it already exists, look it up.

>>30002551
you're trying to trade based off of one indicator, and there's a 1W bull div anyway. Also we've only gone up about 200% from the old ATH compared to 2017 which was about +1900% from the previous ATH.

>>30010345
post short faggot

bobo hope is coming with GS. They open big shorts on any assets in the world.

>>30010585
Just doing the math.
19,000 + 200%=57,000
19,000 + 1900%=380,000

Oh lord if that happens wew

>>30010585
If we go up by the same amount, ATH to ATH, we would end up at 300k. Please god, make it happen.

>>30010589
biz hasn't hit bullish enough territory for me to cycle out of btcup to btcdown yet faggot

>>30010782
I did the math back in late 2018 and went all in based on that. I was also watching Kaiji at the time. 300k is destiny.

>>30008766
Go try to buy a house with your meme money kiddo

>go to /biz/
>see this thread
>I want to sell within 5 seconds of being on the board

These hands are scared. I got a 401k loan and made enough to pay it back + $20k should I just call it quits?

>>30010782
4x StF. Seems quite overextended, doesn't it? If that happens, will that be the last cycle? Once retail dumps on wallstreet and pensionfunds, I think making a case to buy BTC after a 80% drop is kinda hard. Who is left to buy after that?

>>30010930
It's actually a thing Lol. Also, visa and master card are implementing plans to make crypto acceptable worldwide making it easier to buy goods with

>>30010849
This. People would be saying BUY BUY BUY if it was about to crash. The shills are the same one eye board. Really easy to push whatever you want people to do when your anonymous. Thanks moot

>>30010164
Retard. I was literally here when the march crash happened. You are probably new as fuck if you didn't see the relation between the corona news and ALL markets dumping (not just crypto).

Imagine being this fucking retarded.

>>30010164
You are probably new to the point where you didn't see how correlated bitcoin used to be to the s and p

>>30010971
People don't understand the scale of the economy. Study this graphic.

>>30005344
tfw this is too complicated for me to set up

>>30008124
Slavery is the only bad thing on your gay list, anon. Inequality between the races and genders is normal and good.

>>30011222
Open a CC and then kys. You're tge newfag.

>>30010930
It is like you are truly retarded and you cannot see it. Can you buy a house with crypto? Yes. You just sell your bitcoin for dollars and then buy the house. The same way I would sell my stonks to buy a house. Can you buy a house with stocks, faggot? Fucking dipshit.

>>30011736
lmao fucking this.

>>30002624
Wow you really needed to link your faggot take here?

I would have 0 problems buying at these prices knowing that it would go up in years, in fact, i would empty my retirement accounts and put most of my savings in crypto BUT fucking tether man.

When tether finally implodes its over, its gonna fuck the market so hard. I rather wait for that moment to buy.

>>30010933
I cashed out enough to pay my debts
Feels good locking in your results
No matter how this plays out, my debts are paid

>>30002551
I've heard this before.

>>30002551

Dumbest post I've ever seen.

>>30008124
I thoughy most of us already do say that. How new are you?

>>30011687
I've been here since 2017 after the 20k dump, retard
Only a dumbass thinks covid had 0 effect when it was the cause for the freakout