/biz/ - Business & Finance

Bullish

>>56656427
Interesting considering the candle should close at the lower third of the previous candle, around 22k?

>>56656427
Where can I subscribe to yout TA courses?

>>56656427
>12 month

>>56656438

>>56656517
It's called an engulfing bearish candle. One of the most bearish things you can have happen on a chart. And it's more bearish the bigger the timeframe is (at lower timeframes like daily it matters much less). And yes it's indeed "interesting" to put it mildly as this is the first engulfing bearish candle that's ever occurred on BTCUSD's 1 Year chart (every candle represents 1 year). The anons who've been in full moonboy mode lately are either pretending it didn't happen or don't even know about it.

>>56656427
>>56656720
its also one year old. So how is it relevant?

>>56656720
Oh you're right, I didn't see how short 2021 was.

>>56656727
It's relevant as long as it doesn't go above 2022.
Yes, yearly candles take more time to play out than 1 minute candles, but overall the same amount of candles.

bitcoin has no ceiling, fiat has no bottom. dont care.

>>56656727
>its also one year old.
It's the chart as it looks right now. It's current.

>>56656720
ok so are you telling me to sell all my btc and future financial freedom because of a fucking candle?

>>56656427
I'll take your TA seriously when you prove you have serious skin in the game to support it. Show us your massive BTC short position.
>post amateur TA on anonymous platform
>no accountability if (when) wrong
>expect to be taken seriously
A schizo thread died for this

>>56656727
Picrel, fresh screenshot. Anyway the engulfing candle itself is old but it still is what it is; it's an engulfing bearish candle - it's longer than the green candle that came before it. The red engulfing candle would only become truly "old" (as in irrelevant) if the green candle engulfs it thoroughly.

>>56656427
zoom out

>>56656427
it's forming the log nicely, 1 mil really is the end goal

>>56656788
LOOOOOL

BULLS have been posting those EXACT SAME 1-year charts recently, saying it's proof Bitcoin is going to 300K etc. But when someone points out the engulfing bearish candle in it, then you're all upset and cry about "TA" and demand proof of short etc. Absolutely hilarious.

>>56656791
>"just wait for btc hit 100k to buy again bro"

>>56656427
Zoom out.

>>56656517
>the candle should close at the lower third of the previous candle
says who?

>>56656743
>It's relevant as long as it doesn't go above 2022.
why does that need to happen? none of the green candles following ath year did that before.

>>56656720
Your mom engulfs my candle

>>56656427
short it then retard
nobody is stopping you from getting that free money.

>>56656427
It will crash to 28-30k as a retest while you dumb niggers keep waiting for 3k then Gensler the rat faggot will release the spot etfs and you'll rope

>>56656527
You're already there anon

have you niggers seen how bullish is the 6 month? we are going to 48k and the anything can happen

>>56656788
>btc is only going up from here
Post your all in max leveraged long positions.

>>56657421
>something bearish occurs on the fully zoomed out YEARLY candle chart and this totally means the price is only going down
It's the bloody 12-month chart you newfag. A red yearly engulfing candle doesn't mean the price won't or can't pump. It has already pumped from 15.5k to 37.9k and can easily pump to 50k and still crash to 8k or whatever after that. And that red candle doesn't say anything about any price targets or suggest when some crash will occur. It's just a bearish thing, a very bearish thing, as it shows how much weaker the market has become.

>>56657521
>have you niggers seen how bullish is the 6 month?
>seen how bullish is the
>is the
Third-worlder detected.

>>56656427
even if, who cares. BTC is a dino coin, and returns will get small or non existent deep into many cycles, water is wet.

that doesnt mean that crypto in general is not bullish af tho, a decoupling from btc could very well be the future

>didnt boughted when it went from 8 to 1200 in a year

whats the point now?

>>56657513
one lost 10, one got 10

>>56656427
You have to ask yourself "is there a reason for it?".
As far as I can tell, the only possible reason for it is that WW3 is looking less and less likely to happen.
The pump started around the time that Israel started their false flag operation and the fact that they've had a serious lack of major support amongst the public seems to indicate that interest and support is seriously waning.

>>56657513
One put 20 and got 30 back, the other put 50 and got 40 back.

TA is for midwits

/thread

>>56656427
Haha, that's one hell of a TA.
I'm pretty bullish on the long term, and on the short term, I'm now taking profits which I'm staking on SpoolFi while waiting for another leg down to buy the dip

>>56656427
> anon discover pattern literally a year later

>>56659216
not even the biggest pump

>>56656720
This shit is completely meaningless. If you change the 12 month period to start in November instead of January, you don't get a bearish engulfing at all. The fact that you're using a log chart also makes it meaningless.

>>56656427
Higher highs and higher lows are good.

>>56656720
So what you are saying is 10k is programmed?

>>56661381
OP obviously posted that since the bulls are posting those 1 year charts to support their narrative while conveniently ignoring the engulfing bearish candle. Also, it's not a "pattern". It's just an extremely bearish sign. The greater the timeframe the more worrying an engulfing bearish candle is.

>>56661585
>just change the start of the chart that the entire global crypto market is using
>you shouldn't use log when zoomed out
low quality bait

>>56661813
>just change the start of the chart that the entire global crypto market is using
So then your argument is that the only reason why it's bearish is because everyone else thinks it's bearish, not because the chart inherently has any meaning?

>>56661311
Wise move, you only make money when you TP

>>56656791
so one red year (2022 already gone) versus 3 upcoming green years. BULLISH

>>56656427
All I see is bull flags

>>56656438
>>56662239
>>56657421
>>56660776
>>56662525
>t. profoundly low IQ