/biz/ - Business & Finance

Here's home prices vs gold and silver

Priced in. Bobo will roped

I think it's highly unlikely BTC reaches the required fibb levels of 29.5k, and if that's true we're likely going to hit 9k before we move up.
>I'd love to see evidence to the contrary.

>>50780687
Does anyone actually use crypto to exchange for anything other than fiat currency? You guys all say it's the future of money yet continue to take it for it's value in dollars instead of buying something like groceries with it.

>>50780736
>Does anyone actually use crypto to exchange for anything other than fiat currency?
A personal major win, with the context of assuming fiat is fucked, was swinging my ETH to PAXG
>see picrel, the highlighted part is most important

>>50780746
And you can do that purely via uniswap and the paxos site

>>50780687
bottom is in bobo

I think it's both easier, and more important, to see the larger waves crashing on eachother
>for example, here's ETH/BTC

Similarly, here's ETH/XAU(Gold)
>BTC>ETC>GOLD was the move last year
>sorry if you didn't catch it

Personally I really like the 15m/1h/4h/1d emas, the crossovers tell me everything I need to know on every tf

>>50780765
I'm bullish, but also long term

>>50780788
***BTC>ETH (not ETC)

Alrighty, here's my crashcourse list of links and vids to get you started with trading (crypto/stocks/whatever) and reading charts:

---

**Charting**

TradingView (the free account is fine for what you want):
https://www.youtube.com/watch?v=3_uxBnfdUbk

Note: As for that paid indicator that I have that's all fancy, it's called market cipher (which was like $1300) but you can just get a free one that's like 90% similar called "Vu Manchu" (or just type in "vmc" I think) when you're adding indicators

---

**Basic Indicators & Strategies**

MACD:
https://www.youtube.com/watch?v=eob4wv2v--k

RSI:
https://www.youtube.com/watch?v=cjoEGsB7ph4
https://www.youtube.com/watch?v=8ejgfnzROsM

Basic EMA Strategy:
https://www.youtube.com/watch?v=9o6BG-dCgco

---

**Common/Basic Patterns**

Note: There are almost always the inverse versions also, like both a rising wedge and a falling wedge, or inverse head and shoulders, etc:

Head & Shoulders:
https://www.investopedia.com/terms/h/head-shoulders.asp

Rising/Falling Wedge:
https://www.investopedia.com/terms/w/wedge.asp

Cup & Handle:
https://www.investopedia.com/terms/c/cupandhandle.asp

and esp keep an eye out for these:

Bull Flag:
https://www.investopedia.com/stock-analysis/cotd/answ20090105.aspx

---

**Psychology**

Why most traders don't last 3 months:
https://www.youtube.com/watch?v=G6Nrac0AZ44

How to think like a trader:
https://www.youtube.com/watch?v=QgaTlTfQnZI

Let me know if you have any questions :beers:

Money is like bullets
>they have zero value until used
>at which point they have zero value after being used unless used correctly
your capital is your ammo, and it is expensive to replenish

>>50780825
forgive my reddit spacing copy pasta, but the links are good I promise

>>50780842
lol my folio is at the 90% loss and this chart isn't very white pilling

>>50780891
I watched 30k evaporate in LUNA, I feel you

>>50780891
watch this
https://www.youtube.com/watch?v=G6Nrac0AZ44

>>50780687
Shit untradeable TA. Simple as.
Btc is leaning bullish minimally for a small bounce to 30kish. I won't share all of my reasoning, but I'll share a few reasons. Last week we closed above the 200w ma. This week we hit it and are above it. Tomorrow will confirm it as support if it can keep holding these levels. Ofc the more weeks above the better. Fed hikes aren't coming for 2 more months giving the market room to breathe. Rest is actually tradeable when conditions are met hence I can't share it.

>>50780903
thanks man, not a trader tho

>>50780894
oof

>>50781001
>Btc is leaning bullish minimally for a small bounce to 30kish.
so exactly what I said here
>>50780731

>>50781019
>thanks man, not a trader tho
not with that attitude =)
>it's easier if you do a few well timed trades every few weeks/months

>>50781038
First part sure. 85ish% retracement without a blowoff top is a stretch. We're also already 6 months into a recession and they typically last 11.1 months so there's a good chance we already felt the worst of it. Recession is probably over half way completed going by past recessions. Holding above the 200w ma will also mean high probability that's the bottom since historically that's where btc bear markets bottom out.
All that said I won't discount a possibility of a crash after 30kish levels, but flat correction is also in the cards. I don't see us making a lower low anymore.

>>50781109
>85ish% retracement
I really appreciate that full response and I don't mean to be shitty at all, but where does that number come from? also
>200w ma
Are you actually making trades off of 4 datapoints? What chart are you using that even plots that in a way that is helpful?

>>50781146
>>50781109
forgot picrel which I actually think bolsters your point

>>50781146
>Are you actually making trades off of 4 datapoints?
I already said in my first post I will not mention the things I use for actual trades. The things I mentioned are more so a big picture view. Good entries for spot, not not for leverage. This is an excellent place to DCA.
>but where does that number come from?
Look at past red years after blowoff tops. ~85% is usually around the total dump btc does in bear markets, but those were after blowoff tops. Not the boring shit we saw. Those were also ended by the 200w ma.

Good thread keep it up

>>50781055
I know but I just buy things I like and wait for mass adoption

anyone have any good guides to day trading crypto for wagies who can't be near their pc/phone all day?

>>50782143
Emperor BTC trading manual

>>50782176
thanks reading it now

>>50780687
>what is halving

>Hides thread
>Leaves forever

>>50780687
>2026
That doesn't make sense to me. Why so long after the halving? BTC went vertical 2 months after the first halving, 9 months after the second halving, and 5 months after the third halving. You're suggesting it will take 2 years next time.

>>50780687
>A containment thread within a containment board.
Fuck you and your gay ass thread faggot. God this place has really gone to shit.

>>50780736
I guess you can use XMR to buy drugs but I agree with your point. Only diehard maxis are in Crypto for the tech