/biz/ - Business & Finance

>>55482732
Double top. Oversold.

>>55482732
Gay faggots

>>55482732
Jews being Jewish doing Jewish schemes
Hate to break it but for good or bad this price action isn't organic

>>55482732
are you saying this has to make sense or has to act rationally? you are certainly new and retarded don't invest in crypto please

>>55482732
Globohomo's AI leeching off liquidity from retail and futures traders

>>55482732
Global warming.

>>55482732
>Can someone explain to me
dont need to read the rest to explain: manipulation up, manipulation down. always, every day every week every month every year, all decade.

>>55482750
The Jews are not organic....they come from Satan himself. They are his avatar, and do his biddings here on our mortal plane. kek. ---This price action are just based on gamblers and shitty algos trading with each other. Bitcoin is just worth whatever someone is willing to pay for it.

The Jews do it

>>55482760
What do you mean? Certainly the prices cant wick up and down 6-7% every day for 3 weeks for no reason. That would be manipulation! How do you guys expect this to be accepted by regulators when you have exchanges trading against their own clients? You guys are weird!

>>55482732
It's the exchange bots calculating how to profit off of everyone's stop losses. The price starts flat because the exchange has walls of buy and sell orders surrounding the current price. They drop the sell wall and then do some buys into the real orders, triggering automatic stop loss buys that then shoot the price up, triggering more FOMO from people watching the charts or programming bots. After awhile the buy frenzy stops. They reinstate the sell wall above the current price, and put a buy wall a few dollars below the current price, in order to entice traders and boys to put their own buy walls between their artificial wall and the current price. Then they remove the buy wall, dump through other people's high buy orders, and trigger a cascade of stop loss sell orders (which they can see and pre-calculate because they're the exchange), resulting in the price being driven down below where it started. The net effect of all of this is that they've managed to buy low and sell high, and now they're not holding the bags so they can wait for it to dump and then repeat again. When you see it spike up and then crash down, it's just the exchange taking advantage of the suckers who naively think they have a winning trading strategy.

>>55482732

Classic price manipulation, been that way since day one.

>>55482873
And also, this is why you can never win trying to swing trade on exchanges. They have a massive edge over everyone because they can see all the stop loss orders, and they can add fake orders and walls to the books that you can never actually buy or sell into, because they'll just pull it away before your market order goes through. The house always wins.

>>55482732
Basically there is this thing called leverage trading where exchanges can steal your money legally. The way it works is you bet on the price going either up or down, exchanges use infinite tether that they create out of thin air to move the price of Bitcoin in whichever direction allows them to steal the most money the easiest by "liquidating" (taking "traders" money) leverage traders once they move the price of Bitcoin to the range that allows them to steal the money. Wash rinse repeat and this moves the price of Bitcoin.

Amerigolems and vc jews always dump when they wake up/markets open

>>55482732
good labor data indicates fed will raise rates

>>55482732
At 1am a Jewish person bought, at 5am the Jewish person convinced a filthy goyim beast to buy, at 10am the filthy goyim beast was holding BTC and the Jewish person was holding cash

>>55482921
>exchanges use infinite tether that they create out of thin air to move the price of Bitcoin

Brainlet here and also know you're lying.
If what you said was true, not a single exchange would go bankrupt due to infinite magic money reserves

I lost half of my net worth today cuz I thought I'm being smart and buying the dip. Multiple times. With leverage. I'm done with trading for at least 24 hours. It will probably shoot back the fuck up cuz I'm not buying.

>>55482967
>I thought I was being smart buying with leverage
These are the “people” I am competing against. It’s too easy

>>55482806
You are retarded and don't understand assets themselves, i'd argue that most assets are manipulated by federal forces to stay the least volatile possible.
That's not sustainable, volatility must not be suppressed else you risk causing systemic damages to both markets and the economy.

Therefore manipulated volatility is miles better than suppressed volatility, at least in the first case all players, small and big, are allowed to play

>>55482750
pretty much this every time

>>55483070
Wrong reply, meant to reply to retard OP
>>55482841
Also it's not a matter of if, it's a matter of when, crypto is here to stay, and it's way more solid than fiat once mass adopted

>>55482841
>>55482873
>>55482899
>>55482921
>>55482967
>>55483021
Hehe

>>55482841
unfunny retard

>>55482957
>If what you said was true, not a single exchange would go bankrupt due to infinite magic money reserves

The way it works is the infinite tethers are only used for wash trading. The stat is that about 95% of crypto volume is "fake" so you think that you're trading with a bunch of other suckers but not really. It's fake volume, it's just the centralized exchange's closed off matching engine trading against you using money they don't even have. The exchanges do eventually go bankrupt but not until people actually try to remove the fake money. Just like in real life, it's called a bank run. Remember, FTX only collapsed when CZ of Binance initiated a bank run by signaling to people to remove their funds. If CZ never initiated the bank run FTX would still be operating today like nothing happened. Exchanges will often disable withdrawals and play other games as long as they can, unfortunately the only way to know if an exchange is solvent is to have a bank run.

>>55483183
don't worry they'll get that money back from you and more if you keep leverage trading there. The casino always wins

Doesn't matter. Set buy orders at $30k.
It's just impulsive idiots jumping from coin to coin.

On the topic of newfags, I member there used to be a manual sort of document in the pinned post, that contained an introduction to the lingo and mechanics of trading on the markets, does anyone still have it? Or was it my imagination?

Literally nothing but hot air.
Gold works the same exact way.
It's called speculation OP look it up.

Ok

Obviously this market is manipulated, but bouncing around between 30k and 31.5k is normal. Price just moves around randomly until it reaches important levels of support or resistance. At the moment it's not breaking either the support or resistance and is just bouncing around, most of the time markets just trade in a range, and only a small percentage of the time are they breaking down or breaking out.
Most people are extremely stupid and try and long every breakout and short every breakdown and get rekt multiple times so they just give up and scream manipulated.
But you could have literally bought around 30k and sold at 31k well over 10 times the last week.

Markets need trapped shorts and longs to fuel liquidity for big moves. See those wicks both op top of and below the range? "Breakout" traders get absolutely fucked on both sides, and their stop losses and liquidations add massive volume to those extremely volatile moves

Honestly, this thing is probably going down for a while. You just know people are still holding their longs from that last move. I was watching it live, and it really felt like we were about to jet above the range to 35k with massive FOMO orders coming in near the top

>>55482967
>buying the dip
>with leverage
Retarded monkey

>>55482732
Why is gold worth anything, you can't eat it or fuck it. So why is it stealing when I snatch a few karots from some jew?

>>55482841
What that chart shows is extreme illiquidity.
If there were supply to buffer the buy/sell-orders, the price wouldn't move nearly this erratically.

>>55484068
I've recently started to think this is the actual winning formula to crypto trading, as opposed to betting on 'da big breakouts'. Just let the market go up and down to the extremes once and next time you see it reach close enough to that point? Just bet reverse and see how many dummies get suckered in how many times into thinking this is DA BIG ONE. Like you said, the profits from the 5-10 times this swinging happens would more than make up the last time when you were wrong and on a relatively wide stop loss.

>>55482841
You have to be literal sheep to fall for it is why, sell when sheep are buying, buy when sheep are selling. simple as

>>55484255
We're probably about 6 months to 1 year too early for that. This is far more likely the last hurrah before the double bottom, then CZ magically remembers to reactivate 0% fees on USDT/BTC and other shit trading and voila - you get the conditions for the next bullrun right on schedule 3-4 years after the last one.

>>55484338
It is paid for by your ancestors work and blood.
If you think it is worthless you're either a jew or a dumb zoomer.

>>55482732
The market is unpredictable, so that's why it's better to buy and hold for a long term, and also you need to keep liquidity on the sideline, probably stake stables on yield aggregators like BeefyFinance and SpoolFi or keep cash so that you can always have something to buy the dip

what causes this kind of price action?
is it spot trading or futures?

>>55484836
Staking stables is a better option IMO because it will yield unlike keeping cash which inflation will eat up

>>55483916
This. It's the same kind of midwits that call coins that have had some price action like Blackswan a rug pull. They literally don't know what they are talking about.

>>55482732
let the doompening comments.

>>55484068
>only a small percentage of the time are they breaking down or breaking out.
what do we do when the market is breaking bad?

>>55486752
you look for people whose names end in -berg

>>55482732
>Everyone's here is a retarded piece of shit and should consider killing themselves
I have just one word for you:
Options

>>55486797T
The same reason why BTC won't go under 30k and above 31k until tomorrow 8 UTC
The same reason why it's going to bounce to 30750 and above afte tomorrow

>>55486829
It just went below $30k

>>55487031
*Considerably below*
Like earlier today, doubled my money when it bounced today

>>55482732
demand for digits?

>>55486777
checkd and heartily kekd

>>55482921
>>55483735
This is correct. What do you reckon is the synchronization method they use? There are many exchanges, each having their own liquidation target. Who gets to move the price?

>>55482732
Speculation. It's similar to gambling.

>>55482873
checked, you're too smart for this thread

>>55482732
It means paper hands Jeets are at work. Degens like myself are investing in tokenized Teslas and tap into their income-generating potential

>>55482778
Anon, AI is becoming an essential component of blockchain. The more they take away my job, the more profit I will earn on peaqnetwork. Faggot

>>55482732
haven't checked the charts in a while but pretty sure it just follows the qqq. pretty sure you will see the same candles there too.

nobody gives a shit about btc. it's an illiquid shitcoin that just follows the tech indexes.

>>55482732
It's called supply and demand.

>>55482732
Pivot Points. It’s the closest thing to a Time Machine.

>>55482732
BTC is only 'worth' the last price at which it traded at. A number of factors can influence why price trades the way it does but at the end of the day it's just the agreed upon price between two parties.
>>55482760
What is irrational about it? Price action makes sense even if you can't make sense of it. That just means you don't understand the factors behind it.

>>55483183
jokes on you bro, touching that amount of leverage fucks with your mind. No fuckin' way you've made profit this year.

>>55487540
I would like to know the inner workings of this myself, the masters of the crypto universe are in a Signal chat and communicate with each other. Organizing collusion through other methods should be fairly simple... just a matter of establishing some preset rules and sharing data on their traders like their stop losses, liquidation price, entry etc. (which they already do). They're all crooks.

>>55490158
Based anon, I also find their innovation with the multi-chain machine IDs interesting through their partnership with Fetchai.

>>55482732
I ain't wasting my time reading charts anon. I'm all about that accumulation game, getting ready for the bullrun season. My portfolio is locked and loaded with Kava, Hbar, Brillion, Sol, and Eth. Don't be a lazyfag.

>>55482782
Yeah basically.
And lately the rule of thumb has been that US wakes up and sells. No matter what. And then China wakes up and maybe buys.

Rinse, repeat, switch, rinse repeat, switch back, rinse repeat.

It is actually really homosexual.

>>55482732
Giving you dummies last opportunity to get on board. I have jumped on CYMI train and it's going well.

>>55482732
Big boys are unloading their bags on retail

>>55482885
It is manipulated yes but retarded to use the Benford's law to arrive at that conclusion. Invalid entirely in fact.

That would be if someone falsified close prices. That's obviously not what a manipulator would be able to achieve.