/biz/ - Business & Finance

>>51365551
my Gann square says we moon here

>>51365693
Nope. Not with yields rising.

>>51365551
THIS makes me more bullish than anything desu

>>51365551
Yes; as you can clearly see we already broke above that line. We've rejected off it 7 times. All models fail.

yeah OP BTC will never ever break that line and will just continue falling to zero and then below zero as well, you'll have to pay to the BTC CEO money just because you own it it's that bad

>>51366334

and what has fundamentally changed to warrant breaking the line? Your account being -54% is not a valid reason

>>51366494
the bottom will be long gone once you will definitely be able to say that anything "changed", especially in crypto

>>51366494
You strike me as a seething midwit who assumes trends must continue forever. Cowenesque, in a way.
The bottom is in.

T. Buyed 18.6k

>>51365551
this time is unironically different

>>51367085
i thought most anons on this board did buy there
the first dip to 17.5k was way too risky to buy but once it bounced of 18.5k it was gogogo

>>51367085

do you also think the bottom is in for all global equity markets? Cause that's what you're betting on. That the worst is over, there will be no recession, inflation is gone, and we can all go back to QE 43

they just announced that the recession is comming big time and its not priced in yet!
>how can maxis be so dumb and easy played!!!

>>51367476
Cowenesque, no doubt
>b-but muh imaginary line and muh inflation not peaked yet!
The big boys dumped at $69k and started buying sub $20k, you on the other hand...

>>51367619

nice straw man, but you didn't answer the question. You don't have any quantifiable or objective reasoning for your position other than "I own it". 5-6% persistent inflation is enough to keep monetary policy tight, an environment that buttcoin never has performed well in.

>>51367997
>5-6% persistent inflation is enough to keep monetary policy tight
they have spend an awful lot of effort into making everyone believe this, even after the ecb and boe already folded and is max printing again, it will not remain tight

>an environment that buttcoin never has performed well in
the entire 2016-2017 bullrun was in a hiking rates environment a little something everyone seems to have forgotten all of a sudden

>>51365551
You forgot this chart

>>51368178

>the entire 2016-2017 bullrun was in a hiking rates environment a little something everyone seems to have forgotten all of a sudden

you mean the 50 bps? Compared to the 400 bps at current terminal? lol

they have spend an awful lot of effort into making everyone believe this, even after the ecb and boe already folded and is max printing again, it will not remain tight

and if it doesn't remain tight the dollar goes to 120 and buttcoin to 5k. It's a lose lose for crypto

>AAAASHES TO ASHES WE ALLLL FAAALLL
>DOWN DOWN DOWN
>THEY ALL FALL DOWN
>BUILDINGS AND BRIDGES
>WHILE WE JUST STAND AROUNNND
>DOWN DOWN DOWN
>THEY ALL FALL DOWN
>EVEN THE DOLLARS FALL DOWN...
>THEY ALL FALL DOWN

>>51365551
so what is your opinion.. we just keep testing that line until 10k? until zero? We will break it eventually. Why not this time?

>>51368292
The problem isn't BTC though. Nor anything else in the crypto market. It is the external factors at play that are forcing this trend. And the trend isn't heading in a pleasant direction.

>>51368207
they did 100 bp during the last bullrun and no they will not get to 400 bp terminal thats powell lying again just like he lied all of 2021 about transient inflation
but go ahead sell everything and wait around for 5k, it will work out for you