/biz/ - Business & Finance

Bots, bots everywhere

>>7218442
its an unregulated market, just a pump to be sold

>>7218442
That was me, sorry.
In all seriousness though all TA pointed to a trend reversal right there. That's why.

there was no way it wasnt bots

as soon as it hit 7500 on gdax the buys flowed in. the problem now though is if it gets down to that level again it wont have the same resistance

it gets through 7500 its going to 6k

>>7218477
What would happen to crypto if all trading bots were successfully removed from trading?

>>7218442
Operation ''RAPE DOG'' was initiated.

>>7218442
Institutional investors buying back in because they know if they let it actually go any lower it probably would've kept in freefall

>>7218442
The cabal releasing bad news thinks it's time to buy back in.

>>7218442
Big dump of Tether shitcoins into the relative security of Bitcoin & other Crypto

biz thinks TA is a meme, when there is nothing else besides TA in crypto
7500 was a level to buy for everyone who knows how to draw meme lines

>>7218661
But that much money in such a short time?

>>7218697
I was watching the 1m candles for 8 straight hours before that shitshow. It was fucking bots. Crypto is a fucking circus wasteland, and /biz/ and related retards supply the grist for the mill.

>>7218551
Going to guess that the value of crypto would go up instead of a bunch of microtransactions that are trying to undercut one another every 5 seconds.

Probably just a pump and dump.
While we're on the subject; join this group and get free gains.
https://discord dot gg/mFWsZq2

>>7218697
most short positions from january 26 were closed
https://www.tradingview.com/symbols/BTCUSDSHORTS/

>>7218511
what TA dude

>>7218787
>https://www.tradingview.com/symbols/BTCUSDSHORTS/
Can you explain this further? THIS looks useful unlike so much stuff posted here.

>>7218551
doesn't matter. it's not going to happen. there are a bunch of ICOs who are working on not only bots, but AI and advanced machine learning to automate the process even more than what is there now.

Who knows if any of them will create an effective trading AI but someone is bound to do it whether privately or through a major project.

>>7218536

It's the close that is important... could go to 6000$ as log as the close is above 7500$ it's a sing of reversal...

Good traders, not biz, closed short positiond, went long, took 20%, went short again

Now that we've all bought in I guess we can start talking nice about bitcoin again! I really do believe it's the future! And did you know 3/4 positions are long on Wallstreet? Yes sir!

It's a combination of TA people buying at that trend line and whales / market makers knowing this and pumping there to incite a bull trap.
Don't fall for it. We haven't reached the bottom yet. This will go further down.

>>7218787
It's like looking at gore.

>>7218835
it is just a graph on how much short positions are opened on bitfinex
you can also look at https://www.bfxdata.com/positions/btcusd
to close short you have to buy btc hence the spike in price because a lot of people felt it woudn't go below 7500 now

>>7218511
>TA
Yeah bud, your meme lines did it

>>7218442
Let me tell you what I did
>wake up today
>study a bit for university exam
>see bitcoin at about 8.5k
>shieeeeet it might go to 8k soon and I will lose the ground
>go write exam
>don't ace it but did sufficiently well
>first thing I do when I exit the examination room is check my blockfolio
>bitcoin is 7.5k wtf
>go on coinbase
>put all my fiat into bitcoin
>return home
>15% up
got kinda lucky but I had my finger on the buy button since yesterday, waiting for the right moment. Many people probably thought the same.

The $8k area has been repeated as the absolute bottom in the event of a crash for a long, long time. Not just on /biz/. But from every TA-fag from China to the US, as well as banks.

It becomes a self-fulfilling prophecy. And either some whale who sold on the way down bought back in, or an institution decided that it was the correct point of entry.

>>7219169
>Yeah bud, your meme lines did it
self fulfilling prophecy
if enough people believe it will bounce - it will
even if you are a whale that can short through that resistance what is the point of selling straight to the bottom, if you can wait for the bounce and sell higher?

>>7218763
mmhmm

>He's asking what happened.
>He's not ready yet.
>Let him think it was us.

>>7218442
exactly the same happened yesterday and two days ago. In my opinion it are some whales that are trying to reverse the trend and the bots react immediately to it. In 10 Mintes there are sometimes 10 billion pumped back in the market (when you take a look an coin360)

>>7218442
It's called a shortsqueeze you thicc retard amateurlet. Still wonder what shrimps like you do on real markets.
Keep hodling btc anon, never sell until WS shorted you down to 200,-.
Remember to sell low!!

>>7218746
/thread

>>7219169
i dont post this on every thread, just once in awhile, but TA is real and works, its been used in the stockmarket for decades

the reason people disparage TA use is because people that take advantage of it don't want more people using it, as it creates competition for them, they'd rather traders just blindly gamble.

So the whole "TA MEMELINES!!!" stuff is just meant to disparage people from taking TA seriously in the first place... If you want to make money, use TA and try to convince other people NOT to use TA.

>>7219319
>I s-swear it's totally h-human-related

The buying was initiated with exact perfect simultaneity on all of the exchanges. And it actually started hours earlier. The buying was just offset most of the time by major dumpening.
Either some billionaire is playing the entire bitcoin trading scene from a mother of all short positions and needed to restock... or the markets are all run by the same entity whose ponzi scheme has become insolvent so he bought up all the coins with non-existent money in order to actually sell them so that he can cash some people out in a hurry to avoid the ponzi being revealed.

>>7219419
these are literally the only 2 rational explanations.
Because if you were sincerely looking to buy at 7600, the dumpening was still well underway. You just needed a bit of patience and your sell order would have gone.

>>7219378
Explain to me how TA is real in one post.

>>7219419
it's the Markus and Willy bots 100%sure

>>7218442

>>7219419
Or there are Wall Street firms in the mix now and the open playground that is crypto is letting them flex their algo-boy dicks to maximum.

>>7219378
> thinking hedge firms use TA
lets just say that you are somewhat uninformed and leave it at that

>>7219463
>Explain to me how TA is real in one post.
different people follow same TA rules and see same TA signs
they act on this signs simultaneously either by selling or buying creating cumulative effect on market

>>7219514
>Wall Street firms, operating at 4 in the morning
You can tell who lost the most money because they make the most retarded statements like this. It all started at 4:20AM eastern time. Simultaneously across all exchanges. Non stop. Buying out sell orders from the top down as quickly as possible.

>>7219587
See now that makes sense.
Thank you. Finally I have a reason to learn TA.

>>7218855
>It's the close that is important
what close? It's a global market.

Hey guys, why is my delta doing this

>>7219501

>>7218872
This.
>thousands of whales made many millions on BTC during 2017
>they now need to close their positions to realize their 1000%+ gains
>they can’t all just sell at once, that would crash the market
>instead they have a series of sell offs and if the price drops too quickly they stop selling and temporarily pump the market
>This ensures a steady stream of retards keep “buying the dip” and letting all these whales who bought in at $1000 or less cash out with incredible 1000%+ returns
If you didn’t have BTC pre-2017 you are a fucking nocoiner and have no idea what you are doing. A few lucky people might make some money but the rest are just helping much more intelligent and sophisticated players realize insane gains.

>>7219683
Are there enough retards with enough money to fund the whales all the way out though?

>>7219666
SATAN! YOU LONGGGuuu!!!

>>7218784
>Probably just a pump and dump.
>While we're on the subject; join this group and get free gains

Youre doing it all wrong anon, try harder.

>>7219666
kek

>>7218442
Anybody unironically scared by the really big players and how they can sway the whole market

>>7219533
I've read multiple books interviewing top traders and a good chunk historically worked as analysts for companies as technical analysts. Using technical indicators doesn't make it the only tool in the shed but if you have it their is no reason to not use it.

richest whales dumped 10k BTC

>>7219766
m-m-maybe the European market just w-was bargain shopping to the tune of billions of dollars.

>>7219784
Is there a way to find out who did that ridiculous mega-purchase earlier?

>>7218442
>muh whales accumulating
>muh bot-bonanza
It's a simple short squeeze, you braindead mongrellii.

>>7219784

also, 4000BTC were transferred to bittrex.
prepare for huge buy orders.

>>7219766

>>7218442
Whales coordinating with each other.

>>7219810
A SHORT SQUEEZE?
AT 4 IN THE MORNING?
SUSTAINED FOR 4 HOURS STRAIGHT?
TO THE TUNE OF HUNDREDS OF MILLIONS OF DOLLARS?
SIMULTANEOUSLY TRIGGERED ACROSS EVERY EXCHANGE AT ONCE?

>>7219378
Yeah that’s why 90% of /biz/ keeps posting these meme lines and 90% of the time are dead wrong
>but this one chart from 3 weeks ago was exactly right and I will ignore all the hundreds that were wildly inaccurate.
You are just gambling dude. Don’t get delusions of grandeur because you made money in a market that went up 30x last year

Whales flexing their buying power so their Ponzi scheme doesn’t evaporate over the span of week without being able to cash out. Expect a rise in the next weeks and a huge sell off and the death of crypto days later after whales have dumped their bags of imaginary meme money on autists and NEETs who actually believe imaginary internet money was ever anything more than the equivalent of digital baseball cards with no real value and no market of retarded boomers to prop up their supposed value like baseball cards. This is it sell out while you can cuz this ride is over.

>>7219956
Do some FA you insufferable mfaggots

>>7219822

>>7218442
short covering

>>7219972
With the amount of selling last night if it wasn't for this "ebin short squeeze" it probably would have tested the 4-5k mark.

>>7218835
Big money that has been shorting BTC (not the first time) has closed their short positions. The shorts outweighed the longs by about 2:1, which means that the markets were essentially psyops'd into believing that it's going down due to the dominance of shorts. This means the markets DID go down as a result.

Now that some of the rather large shorts are closed for this period, AND considering that BTC has just hit the support levels of the downtrend canal, there's some heavy discussion over if we are on the very cusp of a trend reversal right now. About half an hour ago, BTC DID bounce from the support btw.

Keep your eyes and ears open, people. We may see a major reversal happening as we speak, or it may well come much later.

>>7219926
Yes!

>>7220053
May I see evidence of it?

>>7219926
you have a lot to learn

>>7219926
fave comment ever bc of pic

>>7219822
If BTC was transferred, then that means the guy is gonna sell it right? For USDT or some shitcoin.

>>7220045
There wont be shit until tether's cleared

>>7220074
look at the graph dumbo

>>7220098
Fuck off normie

>>7219766
>Anybody unironically scared by the really big players and how they can sway the whole market
That's why it's fun. This unregulated manipulated market's volatility is from those big player's and bots.

>>7218763
>what is market liquidity

>>7220123
What makes you think Tether is going anywhere anytime soon?

>>7219926
Toppest of keks, you win /biz/ for today

>>7219705
Not all at once.

>>7219956
I think you are missing half of the circle here for a complete t.a strategy.

The idea is to find a pattern or a system that works mechanically, rsi,ma, momentum strategies or other indicators pennants ect. Then have a solid risk management and capital sizing plan when one of your set ups is triggered. Along with a clear exit plan for when the trade is unfavorable to avoid draw down.

Realistically you could be right less then 30 percent of the time (well certain indicators have a higher percentage of working then that) and still make reasonable profits. It's not about just drawing lines and hurrdurr see the line didn't work the whole thing is bullshut. It just works as a complete market strategy.

>>7219705
with crypto being a global market, shouldn't be that hard

>>7220134
Compare 24 hour graphs of all the exchanges. You're looking at single-minded instantaneous action. This isn't a bunch of shorters coincidentally going shopping at the same time.

you fucking tinfoil hats with tether and muh bots

learn to draw two fucking lines, it's just a strong support @8k$

fucks sake I swear to god you fucking retards have to learn some TA and understand prices

That's why the temporary bounce, a lot of bulls came into after shorters closed position, expecting bounce from support/trendline

>>7218442
did you forget about the wall street bonuses?

it was a short squeeze at all

7.9k btc total crypto marketcap at 350b

current cryptomarket cap 430b

we gained 80b just from btc shorts? nope the whole market got pumped

>>7219683
I don't know anon, I've turned a meager $600 into $2,500. Plus I've got 1k LINK, which will probably be worth a few thousand on it's own at some point. I might not be a gorillionaire, but if I had put in $10k instead of $600 I'd be sitting really pretty right now.

>>7220309
8k support collapsed in the dumpening. Even with " le ebin short squeeze:D:D:D:D:D" by the time the dumpening stopped it was only a 300 coin depth back to 7700. Obviously idiots have since woken up and maxed out their credit cards "buying the dip" and created new support since then. but if it wasn't for "le ebin short squeeze" the market would have been completely razed last night.

>>7220309
You have to be intentionally retarding yourself to continue to believe whatever narrative it is you've bought into if you think today wasn't a coordinated attack.
Unironically kill yourself.

>>7219683
>whales don’t want to crash the market by selling so they crash the market by selling.

It already happened. The market has crashed. It’s just a matter of how deep does it go before this shit shoots back up.

The fundamentals of this are simple: there is a huge demand for unregulated shadow banking where you can hide assets. We’re seeing the beginning of this established now. We’re creating official channels to get your money in to crypto currencies where it can sit unseizable and potentially relatively anonymous. Worst case, you have to declare you lost the private key until it becomes convenient to find it. It’s just one more level of obfuscation available to move money around, and the people getting in now are basically being payed development money to get the infrastructure in place.

In a few years, the stuff is going to become a part of everyone’s retirement portfolio and it will be praised for bringing banking to the unbanked across the world, cutting around a system filled with heavy fees for moving money across borders.

>>7220362
wasnt

>>7220150
kek this
These fags would soon be squealing if the bots were turned off and NOBODY could get out, ever.

>>7220210
This guy gets it. Trading using TA and bailing out fast when you're wrong is profitable, calling the absolute bottom on probably the wrong time frame is something else completely.
Even the Demark meme 9's are a trading tool not a wizard top/bottom machine. Hedge funds use it but they don't just see a 9 bar and go hurrr must buy now. If it fails you go the other way.

>>7220390
>relatively anonymous
>in a permanent ledger
You people can't be this fucking stupid.

With how much manipulation is going on, no one knows unless you are one of those manipulators. Best is to just ride the wave or crash with it.

>>7220309

>>7220375

hello tinfoil hat, please can you do TA for me, let me see that so called ''coordinated attack on graph''

the absolute state of /biz/

>>7220189
It wont and we wont see a bull market until its still there

>>7220210
>It's not about just drawing lines and hurrdurr see the line didn't work
Yeah if you have an actual “strategy”. But you know damn well that doesn’t apply to 80% of this board, everyone just wants to know when to buy and when to sell and sell and are trading on emotions. They see some lines on a chart and just go
>yeah the floor is 11k
>oh no wait 10 k
>it’s cool guys here’s my TA showing hard floor at 9k
You can literally watch this happen on /biz/ each day in real time.

>>7218697
everyone and their mother was saying it would go to 7500, thats how

Here's the only TA you need.

>>7220429
You are so fucking dumb it hurts.

>>7220259
Just because swarms behave like they have a hive mind doesn’t mean they literally have one mind.

>>7220189
US Subpoena. Murica don't give a fuck about sovereignty lines or extradition.

People are scared that it won't drop below 8000. It is all FOMO now, but will drop back to 7500.

>>7220414
Which is why we have stuff like Monero. Additionally, it takes an interaction between a documented system to draw a trace between a person and who has access to the private keys of an address. That makes it a problem if you want to ever spend the money, but hiding it is very simple. Send it to an address, claim “hack!”, and let it sit there until the heat has died down.

>>7218562
srly do you even read your own words?

>>7220429
Just so we're clear, your argument is that a ~12% rise across all major exchanges at exactly the same time in a four minute window with BTC, ETH, BCC and LTC is a natural phenomenon. Is that right?

So what's the prediction? Going to 10K or 8K? 9K seems to be the resistance now at least

>>7220828
You'll never learn.

>>7219778
cool, keep reading. I worked in a place you might read about next. Here's a hint, if you read it in a book, chances are that shit has been arbitraged away about a decade ago.
> if you have it their is no reason to not use it
there's a reason. Trying to seriously forecast GBM relying on price alone, without any stochastic or volatility modelling is fucking retarded beyond belief and fell out of practice in the mid 80s. If you want to read a real book, read about modern equity portfolio management and you might learn something you could use with your meme coins.

>>7220826
yes, because all it takes is one exchange to make a major move and bots and arbitragers will fill in the spread.

>>7218442
>>7218746

literally as soon as gdax came back up from maintenance

so are we going to dump again tomorrow?

>>7220828
Seriously, if you're asking questions about "price prediction" to 4chan you probably will never learn. The only thing you can do is come up with your own speculation, otherwise you're just someone's little bitch, making trading decisions based on some anon who could be basing his predictions on other people's unfounded bullshit. Especially by saying you feel support is at 9k shows that you just haven't educated yourself enough and are looking to us Gods to hand you knowledge on a platter. Get cucked.

>>7218856
>went short again
not yet

>>7218442

Game theory


The consensus was a dip to an average of 7500, so the herd followed and sold off but the smarter monkeys stacked their orders a bit higher

>>7220414
Keyword: relatively

Learn your own language Amerishit

>>7220390
>In a few years

How long until we can shop at Walmart with crypto through seamless and instant crypto2fiat systems? I'm thinking ~20 years but I really hope I'm wrong and it's much sooner

>>7220826
Abritage bots gain a lot from reacting and moving as quickly as possible

TA is good for identifying entry/exit points, at least better than your own gut feelings. It doesn't predict the future. If you think otherwise you're retarded and I'd strangle you if I could.

dead
cat
bounce

It’s going down again...

1. On the top volume exchange, Bitfinex, the price never reached 7800
2. When it reached 7800 on Gdax because of panic sellers, the bots simply bought up the difference

There is no magic and conspiracy here

>>7218442
Did you really believe it was just going to keep going down? Hahaha don't listen to anything you read on /biz/, especially during a crash. Every time there is a crash, a coordinated campaign to push the price down as low as possible appears on here (and elsewhere). Post after post, thread upon thread show up saying IT'S GOING TO $1000, IS THIS THE END? etc. I swear half these posts are made by bots themselves. Point being, it can be hard not to buy into when you see so many "people" saying it.

maybe someone had a big buy order at that price and when it hit it .... people saw shit going up they thought it's the real bottom turns out it is

>>7222423
I mean it's hard not buy into the FUD when it's so damn insistent, and the price looks like it will never stop falling.

>>7222017
10 years max. its gonna be alot deeper than just paying money too. it'll be shit like digital signatures and so on

>muh coordinated attacks
Are you guys retarded or just newfags
This happens after every big crash. Buy the dip isn't a meme

>>7219784
THAT'S BITFINEX WALLET!!!!

>>7222504
I'm new to crypto, only joined mid December and even I know the market goes up and down and it "crashes" and comes back up again so these people who are selling right now can't be the whales old fags and institutional. it must be that December crowd that I was in but the ones that never bothered to educate them selves about this crypto world after they invested

>>7218477
>MUH BOTS
jesus christ, fuck off already

>>7222731
>and comes back up again
until it doesn't.

>>7218442
Looks like we hit hard the bottom of this crash. Finally its over for the next rally to 20k and more.

>>7219169
Here you go

>>7210342

>>7222785
Why wouldn't it? when companies crash they rarely come back because they can't afford to. they have expenses and employees. they declare bankruptcy which means they die. when bitcoin crashes, there's no reason for it to due, it comes right back up because people see an opportunity knowing what it's capable of. bitcoin and the like will always bounce. alt coins like ripple who have a company running them are the ones that can crash forever. example ripple

>>7222908
if bitcoin hit 0.01USD tomorrow, I'd buy shit ton of it, wouldn't you? So why be scared of a crash? guess who wouldn't buy shit ton of it if it crashes to 0.01, the people selling right now, because they don't know shit about it. educating your self even a little can sometimes save you a lot of money

Why are there no /biz/ approved guides on crypto currency

Make money even in this bear market. We have all the tools you need,,

https://discord dot gg/pbN4G73

>>7222908
i can't predict if people will continue to trust blockchain. there could be some foundational flaw that kills it, who knows. i'm just saying that having a belief that it's a guaranteed inevitability to always go back up is silly.

>>7223128
Because this is a competition and it's easy enough to make money in this market without an explanation.

>>7223054
i'd also buy at .01, but we're a long way from that.

>>7219926
ayy lmao

Bitcoin crypto oldfags run the internet from the shadows.
Bitcoin won't die until they do.

>>7218442

Guys, it's finally time to join the winning team. Join this pump group today.

discord gg/YQqTCqt

>>7219666
*throws phone out the window*

>>7219419
>>7219450
>>7219514
you faggots need to get out of your house and have interactions with real people instead of assuming there is always a conspiracy boogeyman out to get you

>>7223546
"who shorted the market"

Bogs are testing how easy it is to pump it.

>>7223333

Digits confirm, based pedophiles and drug runners now control the new world economy.

>>7223689
What's after sucker rally?

>>7218872
This. I sold all my alts to wait for this whole market to bleed out. Then I'll buy back in. I'm fucked if this was the bottom and I missed my buy in

>>7219338
Kek
Ty Oracle. I needed this. Sold 90 percent of my alts. Waiting for the buy in

>>7224569
I have also cashed out of alts. Waiting for a much more significant dip to buy back in.

>>7224280
HOPE. IT STARTS OVER

You only get a once in a life time chance to make money off Billionaires buying an imaginary internet meme coin, and that was 2017. Do you really think billionaires are going to put billions into BTC when CME is shorting it, and when every normie that hasn't sold low will sell as soon as it gets to whatever high they want to sell at? Everyone's grandpa has heard of BTC by now and has some, these grandpas are HOLDing ready to sell if it ever goes to $15k, its not going there ever again. Do you really think billionaires are going to pump BTC again to give away their money to grandpas who start mass selling?

>>7218551
For one, coins would not be directly tied to Bitcoin anymore.

>>7224755
yeah, so how about some functional shitcoins. I mean, SOME of them may find a use, right?

>>7225074
Steem / SBD is useful

>>7225157
ye but I dont have any, sucks.

>>7225074
CND. It's predicts crypto AND stocks. It predicted a 60% chance of a bear market for BTC in February, seems to be right so far which is why its sats have actually been stable despite the crash.