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/biz/ - Business & Finance

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File: 147 KB, 1556x894, june-correction.jpg [View same] [iqdb] [saucenao] [google]
6526760 No.6526760 [Reply] [Original]

Does anyone else remember this correction back in June? /biz/ full of people screaming that the bubble had popped and BTC was going sub 1k? Well compare this chart to the current chart. You will find they are almost identical. 20k inc?

Candles are 1d.

>> No.6526827

>>6526760
>correction
there ARE NO corrections in crypto you fucking boomer, get the fuck back to your stock market bullshit. Jesus christ man. Why the do you newfags always talk about corrections

>> No.6526874

>>6526760
good ol' times

>> No.6527057

>>6526760
You're right. This crash is exactly like the June crash. Just like in June, bitcoin prices will bottom out around $2000.

>> No.6527086

>>6526760
I just made this same exact thread

>>6526287

>> No.6527087

RSI on the monthly chart already went from overbought to bullish regions again. I was hoping for ~$5500/BTC but now I'm not even sure It'll go to $8300

>> No.6527230

>>6527087
I think it could possibly go as low as $8300... chart analysis indicates that as a possibility, however MACD suggests BTC is extremely oversold now so it may be hard to push it that low.

>> No.6527323
File: 20 KB, 252x212, 1516052894449.jpg [View same] [iqdb] [saucenao] [google]
6527323

>>6527230
We are running out of weak hands already

>> No.6527367

>the past is an indicator for the future

You are the trading newfag here OP

>> No.6527407

>>6526760
Yeah but Bitcoin didnt have 60 dollar fees and 3 month wait times in June. Dead coin.

>> No.6527432

>>6526827

because it makes us feel good.

im not down 10k, the market is just correcting itself hahaaaahahaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

>> No.6527567
File: 242 KB, 684x626, 1316478533345.jpg [View same] [iqdb] [saucenao] [google]
6527567

Guys, remember when Segwit was better because the fees would be low and transactions would be instant. Hahaha, those were the days.

>> No.6527587

BUY THE FUCKING DIP AGAIN
I DARE YOU, I DOUBLE DARE YOU MOTHERFUCKER
BUY THE DIP ONE MORE TIME

>> No.6527598

>>6527086
Crazy times, huh?

>> No.6527720

>>6527367
Everything is a cycle.

>> No.6527734

>>6526827
Every market has corrections. Any time there is a run-up, many investors will sell for profit when they feel a top has been reached. Thats been true for anything traded ever since man first exchanged a sturdy stick for a cool rock.

>> No.6527736

Guys, remember when bitcoin was in the bear market? Hahaha, those were the days.

Luckily enough, nothing of the sort is going to happen again

>> No.6528321

>>6527736
And then the King placed extremely high taxes on the people and put up check points all over the country until the people got sick of his bullshit and had a revolution and drew and quartered him. And they lived happily ever after.

The end.

>> No.6528356

>>6528321
But the King is immortal and cannot be killed, and thus returned to claim vengeance.