/biz/ - Business & Finance

>>49608332
TA is a meme, but the bottom is sub 10k

Macro> TA

brb, sacrificing some birds to Apollo and examining the entrails

>>49608332
I'd say 10-15k because that's roughly double the price it was last bear market pre-halving

>>49608332
Sub $10k

>>49608332
You need long history and stability and familiarity for TA to work.

>>49608332
6k looks like the target to me
not saying i'd load up there, since it could easily go down another 50% from there, but 6k is when i'd re-evaluate it

>>49608332
19k, give or take. Then down to 10k in a few months.

If you all seriously think there is going to be another bull market and a new ATH in the future, you should buy right now. It might go down to or below 10K, but it is just as likely to stop at 20K and stay there. We're already there.

It wont drop below previous cycle ATH.

>>49608656
why would there be another bull market? it's useless for every purpose that has been assigned to it...
not private
not usable as currency
not a store of value
just a speculative token that you need someone else to buy from you at a higher price

>>49608740
>It wont drop below previous cycle ATH.

maybe not today. maybe. likely tomorrow, though.

>>49608740
wrong, this time we have terrible macro, unlike in every single previous cycles

>>49608332
Some time after October when everyone is dead and things are quiet

>>49608768
>just a speculative token that you need someone else to buy from you at a higher price

that's pretty valuable tho

The 10 year bullrun of free liquidity is over. It's going back to $200

It'll at least wick to 18k
You're most likely not going to catch it

>>49608768
it works. the dollar still has infinite supply, bitcoin still has fixed supply and no one could change that, natural selection still

>>49608332
Honestly, even if it's worth $2 or €2, it would still be half as shit as "the greatest economic minds of our time" have to offer.
As it stands right now, it is tens of thousands of times better.

>>49608862
but bitcoin can be infinitely divided so does the supply really matter?

0.
Crypto is a scam. You're in the same wagon as hundreds of millions of underage retards and their single moms. It can't get any more mainstream than it is now, all the suckers have been suckered in.

0

>>49608842
have an order in at $18,755. I doubt it'll get filled, but let's see.

>>49608768
Dumping on redditniggers is an honest living okay?!

>>49608768
just shut the fuck up faggot there’s always whiny fags like you fear mongering when there’s a bear market

>>49608470
Let me know.
I am getting high on methane fumes in attempt to consult athena

13k~

t. pro prop trader

>>49608963
This Kek I was about to say the aame thing, the its over posting always peaks during a big dump..
Then one green candle and everyones back to calling for 100k eoy

>>49608332
some glassnode charts says we didnt even hit capitulation yet, another one says we are in the biggest loss realization of btc history
I think we will still bleed and dump until eoy, maybe q1 2023, the macro economic just looks like shit for risky assets, oil, dollar and bonds breaking every resistance, with no top in sight...

best case scenario we bottom at previous ath, worst case we will hit covid dump lows

>>49608387
when its able to hold the 1k

>>49608332
8k. Read it somewhere, I just trusted it. TA is for fags.

>>49608862
if fixed supply is so important to you, spin up the bitcoin source code with 1/10 the supply. call it bitcoin premium, cryptards will eat it up once you explain that 2.1 million useless tokens are superior to 21 million useless tokens.

>>49608909
if you divide something you have less of it, so of course fixed supply matters

>>49609230
good luck getting the astronomical hashrate to move to your chain to secure it, newfag
the supply doesn't matter, what matters is the fact of having a fixed supply and having it enforced

>>49609467
hashrate doesn't matter, moron
the exchange rate for bitcoin premium will always be 1:10 with bitcoin based on the supply