/biz/ - Business & Finance

>>51385352
Buy Btc.

>>51385352
Yeah, I saw these too. The evidence is piling up that the bottom is either in or not much further below 17.5k. The trend shift is in sight but nobody should get too crazy before October ends.

>>51385352
but what does this mean!?

>>51385834
Number go up soon

>>51385352
Point out to me on the lifetime chart of bitcoin any recession or equity market crash

>>51385887
big if true

>>51385352
Bear flag rejection. .5fib rejection. Turned off some other indicator which usually times the tops/bottoms, but it got hit today.
Yes, I sold. Only way I'll buy back in is if a reversal is confirmed (other indicator I have turned off as well).

>>51385887
This was september's peak most likely. Bullish about october if the crash this month is huge though.

>>51385352
don't forget we got the hash ribbon indicator flashing a buy signal a few weeks ago.

>>51385901
This.
I'm not positioned one way or the other because this could very well be the bottom or close to it. If in a couple weeks price seems to sit around this level still I'll go all in and just let it ride.

>>51385955
I'm less sure about it being the September high. There's still strong support under BTC all the way down to 18.5. I don't think we test that until 25k fails again. Once 18.5 breaks, it's over.

>>51385901
You don't want to hear this, but SPX also bottomed the same week

>>51385385
No

>>51385352
You calling that a double bottom?

>>51385352
nah I'm tall lmao manelts befoto

>>51385931
.5fib rejection is priced in

>>51385735
no thats where the bottom would have been if we weren't headed into the worst recession since 2008 if not the great depression itself

>>51386537
E-thots, news articles and "experts" are calling a recession. It's all a fakeout so institutions can grab up cheapies.

Watch, we'll see a magic fix and/or "recession woes not so bad" articles in a few months.

>>51386537
That's what all normies are calling for. When have the retarded masses ever correctly predicted tops or bottoms?

>>51386735
never, normies are dumb as fuck calling for 10k btc and a recession topkek

>>51386794
This is literally the 7th month of a recession, dumbass.

powell said more pain ahead

Im watching for the 20W to make a U-turn before I can be confident we're 100% back
Its never crossed the 200W

>>51386828
>giving a shit about meme lines
ngmi, the 200W moving average literally does not matter

>>51386959
>price literally bottoms on the 200W twice (2014 & 2018 bottoms)
>meme lines dont matter

go fuck yourself you dumb mother fucker
The market is fake as fuck, but that doesnt mean the whales dont print the price action to fit meme lines
fucking retarded virgin ape suck a bag of dicks

>>51386828
what happens if they cross!?

>>51385931
Target of the ascending wedge we just saw play out was 18.5
Everything is indicating that the bottom is in and the recent push under 20k was the final shake
>He sold
Invest in rope

>>51386537
>muh recession
>muh macro
>muh newses
Newses don't matter, only the chart and TA matter you midwit.

>>51387404
What happened if Ghostbusters' proton cannon firings crossed?

>>51385955
OOH I CANT WAIT FOR OCTOBULL

>>51387891
TA doesn't matter on a chart that is being painted by oligarchs

>>51385352
Wait until EoM for comfirmation. The opportunity cost isn't much, the risk jumping in isway higher

>>51387861
I don't give a fuck. This month is a trap and I won't buy back in unless the signal I look at flashes. Could very well happen, but every time it's close to flashing, whales push it down retardedly. Kys tho

>>51385352
Most bullish day I can remember in Bitcoin history.

(Just an FYI: it's considered inappropriate to fondle BTC's breasts, as you did in your chart.)

I started buying a week or so ago when I saw the word "RECESSION" on my Microsoft edge news feed like 15 times

When the recession is officially announced, you'll be too late. You will have needed to get in now for it to matter when the run starts. I'm not bullish today, or tomorrow, or even this month, but we are close to the bottom, close enough to where a few months or even a quarter won't be much further to fall. If it falls anymore beyond that, we hit blackpill levels where normal people actually give up and write off "investing" as a scam entirely, and there's too much bureaucracy tied into it at this point to let that happen so the only direction is either up or collapse which then it doesn't really matter at all anyway lol

>>51389970
>I started buying a week or so ago when I saw the word "RECESSION" on my Microsoft edge news feed like 15 times
What was your thought process here and what backinfo did you use?

>>51390009
>backinfo
nice euphemism for an ass-pull

>>51389747
You will be my exit liquidity at 25K

>>51389524
??? the guys w money get to paint the chart and so you say the TA doesn't matter

>>51390051
No

>>51390066
TA is fucking useless on a chart that can easily be manipulated.

Imagine calculating all day/week and you come to the conclusion that Buying would be the perfect result.
And then out of fucking nowhere, your calculations gets thrown under the bus as some fat dudes decide to Sell instead, just to fuck with you, because higher ups want you to lose money

>>51389970
>there's too much bureaucracy
so what?

Is this what the beginning of the bull run feels like?

>>51385352
Short position still running although I got liquidated on the last one when it pamped back to 21k+. Don't y'all think we milk the big caps with no exemption to fucking LUNA and its cohort LUNC then bag solid low caps like VRA, Jup and Ride and every y'all got on ya platter.

>>51391125
Unironically yes
>LINK
>ETH
>AAVE
>ROSE
>ICP
>XMR

>>51391612
>ICP
kek I doubt it's done falling, as VC's bought it for sub 1 Dollar
and you forgot xrp and hbar obviously, as ISO 20022 is around the corner and XRP will moon when that SEC fiasco is finally over

10k is programmed. retard mumus get the rope again

>>51391716
see you at 30k

>>51386794
Yeah, the average investor already believes in the WEF conspiracy lol

>>51391125
I wouldn't go that far, but this is what the bottom being in feels like. It'll still take some time to get the ball rolling again.

>>51389747
>I won't buy back in unless the signal I look at flashes
Relying on a single signal as the word of law dictating your investments is a rookie mistake.

Any good investor should be compiling evidence from multiple sources (TA, fundamentals, news, funding, macro sentiment, etc).

And almost all of the time, simpler is better.
Pic very much related.

>>51392485
Here's the same data shown another way

>>51385352
What about the kike cycle?
the 7th seven year cycle?

>>51392670
It will pump. 77 is 2/3rds of 777 which is God's number.

>>51392240
see you at 5k first, mumufag

>>51392589
what coins should we accumulate?

>>51392485
>>51392589
Now look at the MVRV AND RHODL.

Buying in this area isn't bad, but given the macro environment we most likely have another leg down ahead of us this winter as the energy crisis really kicks into gear

>>51392802
And my guess as for what will cause the final capitulation wick is a temporary ban on PoW in the US or EU to conserve energy

>>51385352
Go on coinmarketcap and look at the social media feed under bitcoin. Counter trade those fucks. They are all calling for 10k.

>>51392759
But 2/3rds is .666 Satan's number

>>51392883
SUM BITCH. SELL NOW!!1!

>>51388116
>>51387404
"Don't cross the streams" is a subtle inside joke among young males who have ever urinates together, a warning not to cross the urine steams lest they suffer the most dire consequences. The key is to maintain a steady stream, and while takeouts and quick jerks may be acceptable, ultimately not to cross the streams.

>>51389970
This. When I'm surfing the ytube I keep seeing this video titled "CHARLIE MUNGER PREDICTS SEVERE RECESSION..." Lol. Yeah a year ago when no one was listening. Now that the bottom is past us institutional accumulators are desperate to keep prices at these levels.

>>51385352
As short as one can be, this isn't what you think

>>51393577
based manlet

>>51392268
If anything this is the most bearish data in this thread. How can anyone who believes in Bitcoin not be let down by this cycle? If the pattern continues you chop off another digit and the next cycle only returns 300% from where we are now. In others words, it doesn't even reach it's ATH.

>>51393637
Yeah this is an important point: nothing can escape the law of diminishing returns. I'm not as bearish as you thinking that BTC will never again reach its ath, but I do think it'll struggle to breach 100k. I was predicting a mere 10x from the bottom for the total crypto market next cycle. In all likelihood, BTC will continue to lose market dominance and will underperform. It's more of a crypto risk-adjusted store of value for big players.

Thanks OP, let did idiots short.
We need the liquidity.

>>51385352
log graphs lmao

>>51392485
According to the chart we're only halfway through the accumulation range.

So it's crab for the next 6-9 months.

>>51391667
You may be right about ICP. And you are definitely right about HBAR being phenomenal. But XRP is a fucking shitcoin if you know anything about crypto

>>51385931
you're a real turn-off

>>51394929
https://cbdcinsider.com/2022/08/30/scotland-release-cbdc-on-xrp-ledger/
>Clare Rothschild created a startup to create a CBDC for the bank of Scotland via the XRP Ledger
>Clare designed the federal reserve notes
>Clare was the highest rated member of the Federal Reserve’s Investments Team during the 2020 financial crisis.
>Clare is currently completing a report with the World Economic Forum to help investment bankers prepare for the next pandemic.
Additionally, Julia Windsor, a scottish monarch, who left the Bank of England for that integration, is onboard.
Not sure about you, but I trust the Rothschilds, Monarchs and the WEF on investments

And since the WEF is shilling XRP and the Ripple Foundation worked on the ISO 20022, it's a safe bet.

>>51387404
nothing. it represents a historically severe bearish market, which we already knew. they're lagging indicators

yes btc has never seen a macro bear market before and it's going to do things never seen before(like dropping below previous ATH's)

>>51389970
>If it falls anymore beyond that, we hit blackpill levels where normal people actually give up and write off "investing" as a scam entirely, and there's too much bureaucracy tied into it at this point to let that happen so the only direction is either up or collapse

What if the goal is for the masses to be blackpilled?
To have them at their most desperate, their most hopeless.

Then, when governments institute Universal Basic Income (with conditions that will make people slaves) people will thank them, and view them as their savours.
Because they will be (((rescuing))) them from starvation and homelessness.

There is still another huge crash coming.
But it doesn't matter if people want to buy the bottom, if most of them are too poor to afford to do so.

>>51385352

Long $AEVA

>>51396669
I hope for the media to help getting people poor by luring them too late into a gold rush hype scenario. Which now, as I speak that out, is fucking likely since the media are blood sucking vampires

>>51385352
>buy my bags goys because im out of here lmao

anyone who believes armageddon isn't on the horizon is an actual fucking moron the stars are aligning, food shortages, inflation, worker shortages, farmers being forced by governments to lower nitrogen levels, our world leaders spending out of control and printing money like its going out of style, then you have europe turning off their nuclear reactors / the war in russia and ukraine. when you step back and look at whats going on something is going to give and when it does anyone holding "investments" are going to be absolutely fucked, call this fud or whatever you want but something is happening and its not looking good, i was out a while ago and i moved into other things i won't get into here for obvious reasons i have me and my own to think of.

>>51397086
Nothing is going to happen, faggot. Time to step out of your mom's basement.

>>51397225
great analysis glad we had that conversation hope you have a great day anon.

not shorting but also not buying (yet)

>>51397086
think you're lost buddy, this is /biz/ not /x/

>>51394218
yeah, that aligns with my total crypto market prediction here >>51392268

>>51385352
It's even better with my redline

But there’s not accumulation yet. I believe we are going another leg down by shmita

Cope and rope. Crypto winter hasn't even started. We have years.

>>51399522
It's going to pump to like 40k and make even (you) think that it's gone bull again. And only then will it tank even lower.