/biz/ - Business & Finance

Surely they'll just close their longs if we break 38 right?

love me some TA

>>57401847
Longs closing or getting liquidated have the same effect on the price
>>57401877
This is not technical analysis newfag

bump

>>57401946
What is it then?

>>57401840
32

>>57402046
him being gay

>>57402046
Counter trading leveraged retards (it actually works in crypto, it's more accurate than TA)
TA is all about price action, support and resistance, momentum, volume,...

>>57402775
40k has all but been confirmed as resistance and whales are hunting for liquidity and liquidity is there on the downside, cope

>>57401840
Typically in a bull market these are left alone. Sort of like how gaps are left but bears scream about how they must be filled. If this is an actual bull market 34k won't be touched. It's really not that much liquidity in the grand scheme, and we don't have manipulators like ftx and binance scam wicking anymore.

>>57402767
Max pain is around 26k, which is unlikely

^ IF this is a bull market and not just a year long bear rally.

>>57401840
thanks, you too!

>>57401840

I am currently studing in university, 1st year student. 2nd semester is going on. I have only one day left to pay for my semester exam fees, still i am short of 863$, i really dont know what to do now.

I am also a graphics designer. I try my best to seach for works , but failed. I dont know what to do now. i never thought that one day i have to come to this platform to ask help. I really dont want to lose my educational career. can anyone please helps me out from this situiation?

>>57402782
>Counter trading leveraged retards (it actually works in crypto, it's more accurate than TA)
forget TA, real profits come from making bets against the herd, and speaking of bets, I'm going all in on trumpworldpalsphere. it's solana based and not some ERC meme. these influencers on it non-stop. 10x in two weeks you will see. remember the name

>>57403508
so you're going to short it in two weeks?

>>57401840
40->34->38->29->22

>>57401840
you where rejected, now its time to hold, and play some chess.
Maybe Raise an army while we survive.
Next Stop 40k!

>>57402821
> If this is an actual bull market 34k won't be touched
Historically false, a drop to the zone that acted as support 3 times during the previous bull, then as resistance 2 times (and then as support again <- we are almost here) is perfectly normal and always happened; it represents the people that bought at the bottom (between 15k and 20k this time around) cashing out a reasonable profit. In this cycle this zone is precisely around 32k.
Be thankful for the slurp opportunity and don't worry at all, anything below the teal line is great to buy.

>>57403494
help you invade my country, shitskin? i hope you die

>>57401840
>CoinGlass
nice dapp, mind sharing some other cool dapps u use if any?

>>57401840
We're going to the fucking moon

>>57401840
There are more than 20 fucking Billions in liquidations at 34k, and another 40 fooking BBillions at 24k. Insane

>>57404162
I'll piss on their graves.

>>57403494
>come to this platform to ask help.
drop out of university and put every cent you can scrounge into crypto right now, poormax your living conditions all the way
this is the best help for your situation but not the one you want to hear or accept
but trust me in 5-10 years when you realize your career is dogshit you will know you have been given the proper advise by nu/biz/

>>57401840
as to the thread at hand i have seen these liquidity levels evaporate or get added way too many times to believe in them
a lot of it is phantom liquidity that gets pulled the moment the price gets near it
we had live updates from the heat maps in late 21 and early 22 and it was non stop fuckery

>>57403758
You can clearly see from this what i'm talking about.
The zone that acted as support during the yellow-to-green days gets broken downwards (end of the pink rectangles), then becomes a resistance in the green-to-blue days. For the current cycle, this corresponds to our 30k-ish (see the same support that we had in Jul 2021 acting as resistance around Jul 2023). Then, after it's broken upwards as resistance (end of the green rectangle), it acts as support once again (pink circles) before the takeoff. Usually, we can see that the upper bound of the zone is taken as support. Which coincidentally should be exactly around 34k, depending on volatility.

>>57404109
Space shuttles never went to the moon...

>>57404799

It's not going to 34k

>>57401840
You had 2 years anon

>>57404799
i see you improved your lines anon since you posted this graph yesterday
good job

>>57403494
>graphics designer
Lol

40k VIOLENTLY REJECTED

>>57405186
yo what up guys slothbucks chad here with a big hog and even bigger slothbucks bag 40k did get violently rejected and slothbucks is about to break out huge you can tell by the way it's set up slothbucks is a sleeper that could be the next moonshot no joke

>>57405017
so that support won't be retested this time, for the first time in history? why is that?
don't you think the people in 2020 and 2016 had precisely your same toughts driven by the positive sentiment of the pre-halving (lame) pump?
A correction to that level would be now perfectly normal and shouldn't worry any bull. It's just the people who bought in the green days taking profits (and probably in order rebuy later). I mean just literally look at the 3 graphs and see what happened each time it started to go down during the blue days.
>>57405083
Yes i did lol, thank you.

Anyway, in conclusion, a correction now would be ok and on schedule, so buy if it happens and after that enjoy the ride unironically

>>57406386
How low is it going

>>57407209
in my opinion it will bounch exactly when it touches the bottom red line )in the last graph about 2024).
This means that it depends on how long we crab at this price. The more we consolidate here, the higher will be the low.
This means that, if it were to literally make a single big red candle today, the bottom won't be before under 30k (probably 30k), the lower bound of that pink band you can see.
If instead, it crabs for a while and drops later (like it did in 2016 and 2020, so even after the halving), the lower red line will be higher, so probably like in the 32 to 35k area (upper bound of the pink band), like it previously did.
Of course anything is possible, maybe we have an anticipated and on-steroids run, but it would be the first time ever in this phase.

>>57407763
*bounce
*(
*bottom red line

>>57407209
>>57407763
visual representation of the 2 cases (if we drop immediately or later instead).
The orange lines of course are totally random and depend on the volatility; no one knows how it'll behave inside the red channel, it could be more like 2016 (almost a straight line up), more line 2020 (pandemic anomaly) or even something new (but it shouldn't break it, in any of the two directions for now).

>>57402821
Bull market? We crab market.

>>57404799
Based knower. I do not fear this dip. I have seen it before and it is signals the coming of the moon mission.

>>57407209
Mid 30s. Scam wick on the weekly to 20s. Unwanted market passengers (2021 cycle newfags) will be removed. They WILL sell that bottom and get rekt.

Grayscale selling
FTX selling
Celsius selling
Us govt selling
Mt gox selling soon
Etf was a sell event
Halving months away

Is there a single reason to be bullish? Why are retards longing.

>>57409381
>Why are retards longing.
because they're frontrunning le halving, newfags basically

>>57409381
>all of this
>price still stable at 40k
What exactly makes you believe we'll go any lower than, at worst, 32k? Time is on the bull's side, as Grayscale only has limited BTC reserves and FTX can only go bankrupt and liquidate its supply once. The new ETFs meanwhile just slurp up all of these selloffs with no sign of stopping.

>>57403209
pretty much this

>>57401840
turned it sideways and it makes for a cool mobile wallpaper, thanks dawg

>>57401840
28k

>>57401840
Sorry faggots I sold at 39k so we're likely going straight up to 60k now

>>57414290
possible

>>57401840
all that remains to be seen is timeline. if it's like 2016 and 2020, we get it after the halving. based on where we are relative to the 21 high, and the general increase in efficiency since then, it looks like it will dump before the halving

>>57401840
I remember last cycle TradingLite first came out with this type of open orders heat map
is coinglass in the OP a good free alternative? how do I access their heatmap chart

>>57409381
>why are retards longing
uh-oh...

>>57401840
Damn this post didn't age well

>>57408069
The weekly has a bear flag I think?