/biz/ - Business & Finance

>>57392847
>lagging indicators

>>57392847
Jesus christ finally someone who knows what they're talking about.

>>57392847
>>57392852
>>57392856


20k incoming

>>57392847

If sub 10k happens. Great depression is here.

>>57392859
20k is way below the log curve, so that's exceptionally unlikely to occur as the whales will most certainly buy in when BTC hits the bottom of the curve (if the price goes low enough to touch the bottom boundary that is), which currently is at ~28k and ~29k in late Feb; so in other words we should expect the dumpage to stop thereabouts (or higher up if the dumpage takes a lot of time). But if they don't buy in, and they instead let the the price fall to say 25k or so (without any prompt bounce back into the curve) and let it linger there and let candles start growing under the curve, then by then all faith in the log curve would be shattered and in that scenario 20k is extremely likely to happen. Honestly in that scenario even 3k shouldn't come as a shock (but somewhere between 5k and 10k seems more reasonable).

>stoch RSI
>on daily
stopped reading right there

>>57392852
kek a future shit-eater detected

>>57392913
Interesting. What possible reason would they have to let us get below the log curve though? In that situation, the entire crypto industry would likely die out within 10 years. Or at least be relegated to an extremely niche subculture.

>>57392847
You are back, it's been a while

>>57392847
oh finally someone who can tell me that if it went down, it went down, and if it went up, it went up. TA is
>amazing

>>57392847
>>57392913
So 40k, 41k, 42k, 28k, 29k, 20k, 10k and 5k are all possible. Nice. Thank you.

>>57392847
So you're saying it could go up or down. Thanks

>>57393422
it will dump to 31k

BTC price looks like a tennis ball almost running out of momentum..

>>57393467
we have see that before
this time is different
crypto has achieved maximum expansion already
now we are at "value discovery"

and FYI, the black swan even that nobody expects is on 28th of January 2024, that's soon

Great, I wasn't done accumulating

>>57393004
To be crystal clear I'm not saying the price is going below the curve, only what would (extremely likely) happen if it did. I'm saying we should expect them to buy in at the curve's bottom. Why they wouldn't, that's a good question. There would of course be a huge amount of money to be made shorting BTC in that scenario and it would be the biggest wipeout of longs imaginable, so some of the big players would make epic profits. Lots of people lose lots of money = a few profit immensely. I tend to ignore the ETF meme as it's mostly irrelevant noise, I focus on the chart, but maybe the recent ETF would play some role in such a scenario or maybe in causing such a scenario.

And no, crypto isn't going to die out even if that happens. After all at the end of the day the log curve is, despite how big it is, basically just a channel they've been trading BTC within. There has never been anything stopping them from pumping the price out above the top boundary or dumping it out under the bottom boundary, other than themselves: some big whales begin selling off when the price is at/near the top of the curve, and other similarly powerful whales see that and take it as their cue to sell as well, and so the price drops due to them selling, and so we have a new top and the bear market begins. Same in reverse: at the bottom some big whales buy in and other similarly powerful ones see that and take that as their cue to buy as well, and so the dumpage stops and the bottom is established and the bullrun begins.

Eventually the price will have to start moving around outside the curve, either above or below the curve as its getting narrower and narrower (the top and bottom meet) and so eventually there will be no more space left in the channel for the price to move around; no space left to trade in. Maybe then, after that, a new curve will begin. But that's still several years off. As of now there's still plenty of space left.

Is this piece of shit Helene about to cut my money off?

>>57393663
>I tend to ignore the ETF meme as it's mostly irrelevant noise, I focus on the chart
I do too, but I didn't realize we were getting so close to the log chart leveling out. I planned on utilizing this as a kind of "last bull run" for myself anyway. Once this year is finished, I don't trust them to "stay in the lines" as you said.

>>57393151
>You are back, it's been a while
what is wrong with the RSI?
i know you dont have an answer, you're just an NPC repeating what you heard.

if you use it weekly or monthly timeframes it seems to be very useful.

>>57393663
>it would be the biggest wipeout of longs imaginable, so some of the big players would make epic profits. Lots of people lose lots of money = a few profit immensely.
imagine all the pink wojacks, kek

>>57393750
Something in the green, and go more in the green. Something in the red, and go more in the red.

Just because something is relatively oversold/overbought, does not mean there will be a swing in price. People trade based off of more than just what an indicator says. How about what the FED says? How about a major exchange going bankrupt? Worldwide pandemic? I recognize this OP, he is the same person who said everybody sold the FTX/COVID crashes because the RSI was overbought. He is a duning kruger retard that deserves to be called out.

I also think that he likes to samefag and reply to his own posts, he does not do too good of a job at making it not obvious. you are probably him. Also, who uses the monthly timeframe for trading? You are trolling.

>>57393750
Something in the green, can go more in the green. Something in the red, can go more in the red.

Just because something is relatively oversold/overbought, does not mean there will be a swing in price. People trade based off of more than just what an indicator says. How about what the FED says? How about a major exchange going bankrupt? Worldwide pandemic? I recognize this OP, he is the same person who said everybody sold the FTX/COVID crashes because the RSI was overbought. People's respect go beyond what the relative price action on a certain timeframe shows. OP is a duning kruger retard that deserves to be called out.

I also think that he likes to samefag and reply to his own posts, he does not do too good of a job at making it not obvious. you are probably him. Also, who uses the monthly timeframe for trading? You are trolling.

>>57393908
>who uses the monthly timeframe for trading?
profitable people

>>57394019
Tell me which part of the monthly chart where you bought and sold at, and explain to me how it was the RSI that told you to do it.

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>>57393750
Dont let yourself get fooled by RSI haters

fwiw if op is the same as op as before, and probably is, he was predicting dumpage at 32k then again around 34k then again around 36k (might have the exact figures wrong but more or less) and then did another one somewhere around 40k and then disappeared for a while, while btc went to 49k, and now it's back around 40k here he is calling it again with his low timeframes / high timeframes.
Anon, going down from 49k isn't strange but telling everybody here that it was going to dump dump dump from around 30k all the way to 49k meant anybody who listened to you, and yourself, would've missed out.
'There are seasons, there are cycles, there are are ages' anon. Remember that post?

OP, because i do believe in the sincerity of your post, i'm engaging with you. So, i don't mean to come across this way or that, all i'm really trying to is have a dialogue with somebody so stoch RSI.
Anon, of course btc stays within lines (until it doesn't) and i doubt anybody would say that it doesn't happen, it's just that i also doubt there is anybody who thinks that log curves and stoch rsi indicating that is much of an insight. It's like saying m2 expands but sometimes it contracts but generally it's expanding. Like yeah but meh, come on.

OP, you say the ETF is just noise. Sure. it's 'just' noise. I mean sure anon, it's 'just' noise. Right. Sure.
Tell me it's overstated, tell me it's more complicated than just etf bla bla and why there's more to it than that and i'll jive with you, but writing that the etf is 'just' noise. Come on anon. If it's just noise then it's super sonic boom type because it's noise that carries a long way.

you might even agree anon and say that in the long term the picture is bullish but stoch rsi can help in the short term and a log curve in the medium term because it allows you to trade the range. That's the conventional stoch rsi side of the argument. Ok.
But it meant missing the run from 30k to 49k.
So, please tell us, what has it done it for us lately?

>>57392847
Too big text
Are we going to pump or dump? long term perspective?
100k end of the year, yes or no?
thx gentleman.

>>57394658
Im going to pump and dump your mother. Short term perspective. Shes going to earn 100K for me because Im her daddy from now on. This makes me your daddy.

>>57394853
So it will dump and pump for a while now
Then in long term perspective 100k?
Thank you daddy

How long until 100k tho?

>>57392847
>The Stoch RSI
stopped reading there

>>57392921
Just because the indicators worked once doesn’t mean they always work. Anon is right, they are lagging. It’s a coin flip staring at charts all day like some midwit YouTuber thinking you can read the future. If your trading strategy is so good how come you’re not a billionaire?

Say it with me now: Coin. Flip. Coin flip.

Good doggy. Now go back to your midwit cope lines and pray it’s heads for you on this next trade!

>>57392847
Thank you anon! Clear and well explained. Have a great day.

I can’t wait until the macro trend breaks and everyone gets wrecked. The only value in crypto is mining so you can get reduced heating cost.

>>57395325
the only reasonable advice to appear on biz

>>57393750
Laguerre RSI is fantastic