/biz/ - Business & Finance

zoomed in version so you can get a sense of the desperation to keep this thing down

>>50056276
copium

>>50056304
>copium

why are you so smug about this when in reality you're so weak and helpless in this situation?

>>50056276
Please God I need a pump, in the name of Jesus I need money to come. Not for vanities but to save my family. Amen.

>>50056338
a linkie, weak and helpless?
we hold all the cards, friend

>>50056338
3ac has entered liquidation, the only people powerless in this situation are the corrupt and over-leveraged cefi bad actors who are facing destruction at worse and a bail out at best

>>50056338
there are many reasons, but the main reason is because Nexo is insolvent

>>50056276
it's dumping though? what am I missing?

>>50056405
https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:falling_wedge_reversal

i actually sold my link and bought hbar instead once i discovered the hbar foundation that's been giving grant after grant to major projects

>>50056714
cool you're retarded

>>50056276
Maybe wait until it breaks up to be cocky

>>50056340
Anon, I have actually said this prayer like 4 times the last month.
I have the purest of intentions if I make it.
God knows my heart.

>>50057308
Try sacrificing a chicken or your neighbor's dog. He's not the only one who listens.

Bros have you heard that Nexo is insolvent!?

>Captcha R2S2R

>>50057333

>>50057333
shoo shoo, not today moloch.

I'm more bullish than most but this isn't a falling wedge. The volume doesn't work and it's also fallen out the bottom.

We're going down for a bit longer, but i hope $4 might hold and even though the market bogs down longer we hit smartcon and get some positive news for once.

>AHEM
.
.
>NEXO IS INSOLVENT

>>50057480
>I’m more bullish than most
>but
Should I take the word of a guy who contradict himself?

they got sergay!

>>50057449
Well, tomorrow then or whenever you have time. Remember, we're all in this together.

>>50057333
We are not seeking help from a being that lost a fiddle contest to a redneck in Georgia

>>50057511
That's not a contradiction. I tend to be more bullish than most about this market and even i think your call is overly optimistic. I guess not even optimistic just looking at the chart wrong.

>>50057533
There's a long list of entities you can make blood bargains with. Why you would barter with one what gifts nigger fingers banjo skills is beyond me. Have some standards.

>>50057333
I will include (you) in my next prayer anon.

>>50057333
Sacrificing a dog won't save NEXO from being insolvent dude, please don't do it.

>>50057521
What a lovely people. I hope we continue to accept them in large numbers at our borders. Wonderful. Love trumps hate.

>>50057308
This >>50057663 is me, AND I'M FUCKING SCARED. but at the same time when I pray in Jesus name something assures me that my dad will make it. I don't want to lose my daddy anons I'm still a little kid in the head. : (

>>50057521
All of a sudden frazzledrip seems way more realistic of a scenario.

I hold 10k link and this is cope. Muh link short squoooze threads happen every year and we end up dumping even more

>>50056755
>>50057333
>>50057511
>>50057522
>>50057533
>>50057566
>>50057633
Just checking the digies

>>50056276
>>50056292
why cant i expand these images

>>50058196
me neither bro

>>50058196
Jannies are banning any pics bullish for link

also

>>50058347
How far back does that data go?

>>50058373
longer timeframe

>>50057333
kys 42

>>50058392
there won't be any LINK left on exchanges soon, unironically

>>50058392
>>50058412
Interesting. Could you post a similar timeframe for ETH?

>>50058458
unfortunately i don't have a glassnode membership, grabbed them from another thread.

>>50056276
Alongside that we look to be in phase b of a wyckoff accumulation . This co-incides with the wedge. Both look to be lining up, this is quite bullish.
Sell pressure if obviously low after the recent collapses of celsius, 3ac and panic from nexo and others. Shorting at this moment is risky as fuck. It's mainly banking on a H&S in bitcoin which now also has less sell pressure.

>>50058523
Pretty sure Glassnode accepts dead chickens.

>>50058555
checked
go make a thread presenting your findings. wackoff accumulation is memetically powerful.

>>50058555
checked and interesting. so dump to $5.25ish incoming. buy order set

>>50058681
5.25 may or may not happen, but if it does it go near that and bounces, it confirms the wyckoff pattern, the trading range is set by the SC (selling climax) which is very clearly marked from the long candle wick (sellers were rejected hard). The automatic rally forms the top of the trading range. It can test the lows and have small high breakouts for weeks.
Psychologically the final spring is the test to make sure the sellers are completely exhausted (no more people panic selling) and is the true test of the markets diamond hands. Then there are no longer sellers and the market will go up.

>>50058898
thanks for the info. looks like the dump into spring could be starting right now

>>50058972
The ST (secondary tests) can occur multiple times, where I've marked spring, that may end up as another ST that bounces back to resistance.
It's going to be a grueling few weeks, every day link spends in the range it is more likely to go back up out of the range rather than down. Given BTC is holding 20k quite nicely and also going sideways it's likely to hold this pattern for some time. It also means Phase D and E will be strong.

>>50058898
Is there a real whale doing this market manipulation or is this the result of a composite group with their own strategies in this complex market?
How does this fit in with Celsius and Nexo shorting Chainlink?
Are they stupid and think they control the market?

>>50059440
Sell user deposited LINK while having short open. If price does not go down they lose both user funds and their short will be liquidated. If they succeed they manage to return users greatly devalued tokens and pocket profit off their short.

>>50059440
i don't have the thread handy but an anon broke down how celsius and nexo were using platforms like bancor and aave to systematically short link. nexo is insolvent and celsius likely is as well and they're continuing to short link to try to stay alive. simultaneously link is leaving exchanges in droves. when nexo and celsius eventually go to buy back the link they owe to close their shorts, there may not be enough link available. low liquidity and high buy demand combined with the bottom on the link chart could make for quite the show.

>>50059440
It's the market in general. The idea behind wyckoff is you treat the market as if there is a single entity controlling it. Nexo and co are just a little bit retarded for trying to short an accumulation phase mixed with a descending wedge.
The market is a combination of everyone.

>>50058555
Ooooooooo im whaking off!!!!! Mmm look at those lines

Why are there so many tiny ass LINK transactions where they are paying like 20% just in ETH fees to move a few LINK

They are spending $2-4 to move like $10 of LINK. This seems really dumb. Are they that desperate to reload their wallet?

https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0xffec0067f5a79cff07527f63d83dd5462ccf8ba4

Looks like Chainlink's Chief Operating Officer is having to send out emails to get staff to reign in their spending. There's been a "lack of discipline" lately in regards to expenses, and now they need to "extend their multi-year runway" a.k.a. they've wasted funds and now need to scrimp.

Oh, and I wonder what Sergey thinks of Puerto Rico at this time of year. So nice of him to use his investor funds to but a nice big mansion there and get all sorts of nice tax benefits

>>50059629
How long will this shit take?

>>50058196
>>50058268
Holy shit it's true

FUCK YOU JANNIES LOL YOURE NEVER GETTING MY FUCKING LINK! COPE, SEETH, AND DILATE!

>>50060992
Lol Verification not required even the website hates you fucks

WHy aren't you guys selling LINK for LUNC right now

>>50056276
two more weeks guys!!!!!!!!!!1

>>50060632
yeah wait why is it just the bullish link charts that won't enlarge

>>50058196
>>50058268
what the fuck

specifically only the images in this thread that are bullish for link are broken and don't load

>>50056276
>>50056292
>>50058392
???

>>50061602
jannies having to take extreme measures at this point because the entire short an distort campaign that linkies have endured for the past couple years is starting to unravel. we're getting close to the singularity.

>>50060992
>>50061357
>>50061550
too many red IDs ITT

>>50057333
3A Seomgi, half a devil

>>50060387
Each LINK is estimated to worth at least $1000. Spending $2-4 to move them isn't really that crazy.

>>50056276
Holy shit Link at $5 literally down 90% like a little shittoken.

That's what you get for not caring about price and doing fuck all in 5 years. Since 2017 this guy has been working on this project and he hasn't built anything of worth.

Google Amazon Microsoft all built more in a shorter time with less money. But this fucking Egomaniac thinks he need $300k HR roasties, not just one but like 10. Fucking delusional this guy. I have to say biz was wrong here. This project will never amount to anything.

I have 1777 LINK and 4000 LPL when am I gonna make it?

>>50056276
>once this wedge breaks up it's officially over
they will simply close their short position at 0.80 cents and open a long

>>50060387
Looking at some of the wallets were those small LINK amounts come from it seems they are hunting for small amounts of remaining LINK deposited by their users in the last 400 days.
Like
https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x2c826d5b68cb0dc01c8f6336d488d1f0df876c01
https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x50daa1df1cf2021c3d7557139b1ba86f404183a2
https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x0673307a73d1ae5bc1fb12b8678637ad6554415e

It seems they are that desperate to collect all the remaining LINK from their users that they have to scavenge the 2-3 LINK they deposited when it was worth $20-30 more than a year ago

>>50066417
Those types of transactions have been ongoing for quite some time. For example, click on the Nexo 2 wallet and scroll through the first few hundred pages. Then scroll through the last few pages. I hope nexo burns to the ground but i’m not sure i’m following how you came to that conclusion

>>50059629
>they're continuing to short link to try to stay alive
won't they close their shorts at some point?

>>50067595
why? Link continues to dump like every shitcoin, aren't they winning?

>>50066417
Something like this was pointed out a few weeks ago.

>>50064529
>t. absolutely seething reddit-spaced esl bulgarian posting on behalf of an insolvent cefi platform
KEKW

>>50060525
>tfw also in PR, holding since 2018 and would love to share a burger with Sergey
Where is the mansion and when is the housewarming

>>50060525
That’s not really what the email said

>>50068166
> 600% their company size
What an utter joke. I have faith in link but increasingly zero faith in smart contract and i just hope the former can exist without the latter.

>>50056276
Posting this again.

Lmao check this out! Guy has 90 followers on Twitter and 1.4K YouTube subs. Notice the flowery surroundings and the happy music in the background. NEXO ARE FUCKING DESPERATE AND INSOLVENT!

https://youtu.be/dOfdvYv3rio

It's over for Chainlink (ticker: Great Reset)
Here is the WEFs and Schwabs right hand man "Doctor" (((Yuval Noah Harrari)))

https://youtu.be/VZP5lIzGNT8

In your fear and uncertainty it will be tempting to put your trust in some person or group who emerges and claims to have a "way out", which will involve sacrificing some of your liberty. You must resist this urge. These self‑proclaimed saviors may appear in many forms, under any number of banners: "intellectuals", "influential people", "progressive thinkers", "billionaires", "the UN", "the EU", "self‑selected multinational coalition", "global leaders", "world governments", "radicals", "revolutionaries" or some combination of these. They may appear charismatic. They may appear to have your best interests at heart. They may stand united, arm‑in‑arm, proclaiming "We know the way forward", advancing some form of "people's revolution" or "Global Reset" where "you will be in charge", hawking various "‑isms" and promises of a better tomorrow. These people are not your friends. They are not to be trusted. They are the same global banking elites using the same fear tactics, shilling the same magic potions and snake oils as always. They want only one thing: power.
https://www.youtube.com/watch?v=Cieu5nDDssc

>>50070665
why?

>>50056276
lol actually going to zero

>>50070665
>2022
>low
>$22.00
lmao did you mean $2.20 ?

>>50070692
What sort of eastern european kike fuckery is this?

Gaurentee this euro fuckstick is actively plotting on how to run off to Mykonos with your LINK.

>>50068166
If I ever read a short signal that is it

>>50070847
This is paid content from an analyst whose stuff has been posted here in the past. I'm sure many find it interesting obviously.

>>50070972
Maybe learn to read the text, zoomer, it's a handy life skill

Nexo is insolvent?

>>50072706
Indeed, Nexo is insolvent

>>50071238
but its already wrong? Am i missing something

>>50068166
where did you get this?

>>50073201
One of those seething 100pbtid fudders posted it a few weeks ago in their giant fud thread. They claimed their uncle works at chainlink kek

>>50073094
Read the text for fuck's sake. Prices are for 31 Dec.

>>50071238
>stochastic Monte-Carlo simulation of monthly forecast returns
KEK

>>50073315
Ok if I have to, thanks

>>50070665
Well they did a homer

>>50073452

>>50058555

Ive been charting the same

>>50073842
>link will be triple digits in 18 months
NOOOO HOW WILL I COPE WITH BEING A MILLIONAIRE WHYYYYY

>>50074394
Yes another year and a half until a new ATH is in fact an ultra bearish call

>>50074444
Wtf!! Bearish call in a bear market??? How can they get away with this!

>>50073452
we're never going below $5. it's just not happening, buddy

>>50074444
checked

>>50056276

GUYS ITS BUY LINK TIME LES GO

ooOOOoo

>>50074888
>>50074444

WAGMI BROS check link chart 6 usd support unbreakable

>>50074765
It is going below 5. wait and see, July is going to be crab, August dump

>>50077724
link is already gaining sats in order to compensate for shitTC's dump

>>50077847
EVERY shitcoin is gaining sats right now, stop with the bullshit hopium

>>50078019
link moreso than others

>>50078053
bullshit you fucking lying nigger, it's at best average, plenty of shitcoins are performing the same if not better

>>50056276
We dont need your magic lines to tell us when something is a pile of shit

>>50071238
>paid content
who paid him, Nexo?

>>50074444
>>50074888
wtf checked

>>50079278

wtf ty for new phone wallpaper

>>50079316
You're welcome.

>>50070665
Tim got BTFO this bear market and he didn't think ETH could go below $3000 - and he is one of the most conservative analysts in crypto. Now he expects ETH to go below $400 and LINK probably around another 40% down from here

>>50079994
Though he deserves credit for saying LINK could go to like $10 last fall based on reduction in function calls and active addressed when marines were calling for $100.

>>50077847
doesnt change that it goes below $5

https://blog.chain.link/stablecoins-and-proof-of-reserve/

>>50080327
it won't

>>50080415
It is going to, the autist chart pattern never lies

>>50071238
doesn't sound like it incorporates staking into its model

>>50068166
lol starting a business email with:
"The world is not anymore the way it used to be. Mmm mmm, no no no"

>>50058555
also reminds me of the chart btc painted during the 2018-19 bottom period
that second test in feb that didn't break the dec lows was the all clear signal for me back then
getting the same jitters when i look at a link chart now

>>50058555
checked, somehow i missed those digits the first time

>>50081616

>>50058555
impressive, also checked trips

>>50081616
technically speaking there should be another re-test of ~$5.00 if we're following the wyckoff accumulation structure, interestingly enough even after all the FUD today it didn't retest 5.00 which makes me question if we're already in phase C