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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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51727378 No.51727378 [Reply] [Original]

S&P just confirmed kiss of death
We
Are
Fucked

>> No.51727496

>>51727378
Looks more like a reverse BART forming on the L6 wizzlewazzle

>> No.51728242

>>51727378
this is nullified by the pie cycle bottom of chainlink

>> No.51728254

>>51727378
How immediate are these?

>> No.51728257

>>51727378
Is that a lagging indicator so the dump already happened?

>> No.51728270

>>51728257
It's a lagging indicator in that we already entered the downtrend.

>> No.51728273

>>51728270
So when does the next big dump occur? Monday?

>> No.51728314

>>51728273
You know it. Blood red monday.
>>51728257 see >>51728270
it mostly serves as confirmation

>> No.51728322

>>51728314
Is it foolish to short now? Do you expect weekend scam pumps before the final Doo Doo?

>> No.51728329

>>51727378
post chart or fuck off

>> No.51728333

>>51728322
Short on sunday, green sunday = red monday.

>> No.51728348
File: 18 KB, 360x360, CD9B52B7-DBBB-487E-A4C5-2AE390E41581.jpg [View same] [iqdb] [saucenao] [google]
51728348

Don’t buy Bitcoin until the S&P500 is between 3050 and 2900.

Thank me in a few weeks.

>> No.51728619

>>51728273
From that, I can't say. It's useful for trend trading, but doesn't predict specific dates or prices.

>> No.51730365
File: 21 KB, 615x466, 1638799549668.png [View same] [iqdb] [saucenao] [google]
51730365

>>51728329
had to post scary OP pic first tho

>> No.51730391

>>51730365
holy shit it broke 3960

>> No.51730445
File: 17 KB, 443x788, 1638142684532.png [View same] [iqdb] [saucenao] [google]
51730445

>>51728273
It's hard to say, I expect a Monday meltdown just because that seems to be en vogue these days anyway, but there are a fuckton of bear traps around these areas.
Not to mention the months that follow have historically been dead-cats.
Though the kiss is a pretty rare occurrence all things considered. 08, .com bubble, '29 crashes all being the major ones

>> No.51730466
File: 92 KB, 976x850, 1605851139723.jpg [View same] [iqdb] [saucenao] [google]
51730466

I want to be kissed

>> No.51730473
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51730473

>>51730445
picrel 2000, vertical line in both being the month after the kiss has been confirmed
Requires 3 things after it sets an ATH
-Fall below 21 EMA and set a baseline low
-Touches the 21 EMA again
-Then dumps and wipes out that baseline

>> No.51730493
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51730493

>>51730473
And a good counter-example of how all 3 conditions need to be met
-ATH then crossed the 21
-Came up to touch it again
-But didn't wipe out the previous low, instead pushing ahead with new ATH's

>> No.51730516

>>51730473
I too watch alessio

>> No.51730607

I bought calls

>> No.51731782

>>51730493
what do you mean with ATH? I don't understand you, we are not at ATH

>> No.51732420
File: 17 KB, 332x342, henloitsbobo.jpg [View same] [iqdb] [saucenao] [google]
51732420

>>51727378
DID SOMEONE SAY COVID LOWS??

>> No.51732437

>>51728273
No, we're going to see a bear market rally since algorithms will go ultralong when they know technical traders will try to short the relative bottom.