/biz/ - Business & Finance

thanks just sold 100k

>>7491430
?
this picture doesn't show anything

This is assuming that it's not going up

>>7491430
Can I see your shorts 100x leverage?

>>7491460

Nop, I'm going to zoom to 1 month.

>>7491430
bubbles in bubbles in bubbles in bubbles
kek

>>7491430
I've already researched the matter and we're clearly only going up from here, pic related

>>7491503
So according to your bubble chart, in this scenario of daily candles (pic related)a, it should have dropped to $100 in the following 2 days.

psst anon, 50/200 death cross on the 12hr chart...it'll cross on the 1 day soon. D/W, we're only getting warmed up.

>>7491603
forgot the picture

>>7491430
We know

>>7491603
the bottom is around 2-3k.

>>7491547

>>7491640
But in the picture I later added, it should have dropped to around $100 for the despair valley after a day or two. It didn't. Why is your analysis wrong there?

>>7491540

What is this tool?

>>7491430
are you trying to infer something from 1 month candles? lol what the fuck dude i hope this is a troll post.

>>7491430
no you gotta zoom out further for the real picture man

>>7491902
shoo shoo, this isnt the place for you.

>>7491540
What are you using anon?

>>7492004
Trading View, it's cheap. idk if it's accurate.

hey lets look at ETH...where do you think the bottom for ETH is?

>>7491901
>>7492004
>>7492137
Yep, trading view, week is neutral, day says sell.

>>7491430
Who cares we are Digibyte investors...

Yoda tweeted about DGB again :)

>>7492186
My TA has been saying the same thing. Month strong, week is unknown. Today will be no bueno

>>7491430
Nobody here is blind, OP. We're not retarded.
The price has been up (bull trap? maybe, who knows) since the SCC hearing. There have been multiple crashes in the past and the price recovers. The only FUD that could cause a total collapse of the crypto market is if Bitfinex turns out to be fraudulent, but until then we aren't going anywhere.

>>7491540
Thought tradingview stopped showing that shit a week ago?

>>7492286
I know that he told to sell when btc was at 19k...

>>7492180
exactly 1/10 of btc's

>>7491503
Amazon confirmed bubble

>>7492180
Looks like 200-430 base for ETH

>>7492760
Are you seriously comparing Amazon with bitcoin?

>>7493403
> Exponential growth
> Definitely not a bubble

>>7492760
>the absolute state of /biz/

>>7493428
>one is a company that actually produces services and products with billions in profits
>other is an imaginary coin that gets its value from normans gambling their lunch money into it

>>7493483
really makes you think, huh

>>7493483
You don't care about shit like that when you do TA. Just interpret the lines correctly, either both or neither are bubbles. I can say this with 50% confidence.

will go up but will come down hard. 99% sure of 3370 target. Just don't know timing of turn

>>7493483
>doesn't offer dividends, has never done a share buyback

do you understand the concept of secondary market. you're betting on capital gains, the fact that someone will buy a share of amazon off you because it's worth something. there may be more interested parties, but it's the exact same concept as bitcoin

>2018
>still believing that technical analysis is real for long term trends

>>7491430
That's a bullish candle

>>7493545
TA is meaningless without fundamentals

>>7493578
only that Amazon's share price is based on its ability to make profits, as long as Amazon is successful people will always want to buy more amazon shares. Amazon alone has larger market cap and trading volume than the entire crypto market lmao

>>7493668
>>7493483
>>7493578
okay i admit the one difference is fundamental value. cash flow, etc or if amzn goes kaboom they can still liquidate their assets and give everyone a piece of that. people were saying amzn's p/e ratio was overvalued at 70 in 2008.... now its p/e ratio is 200.

it's got fundamental value but that is different from market value

>>7493668
>only that Amazon's share price is based on its ability to make profits
not in an asset bubble

>>7493726
it doesn't really matter, at the end of the day Amazon is a company, it has tangible assets, even if their profit rate goes down they still have tangible value whereas bitcoin is pure speculation

>>7493749
this is what most people dont get. Amazon itself produces value, btc and crypto doesnt.

>>7493545
Kek'd

>>7493483
amazon is a fucking xxl dropshipper
nothing else
>muh echo
>muh amazon prime
>muh blue origin
every single of those products has a better competititor already

>>7493817
What?!?!

Some things in life don't downtrend

>>7491430

still no sight of retarded virtual currency girls. hopefully they stay in hiding.

We're going down. Nice head and shoulders for a bear weekend. BTC 1 hour chart

>>7494181

>>7494017
exactly anon. Just read that tweet and I still dont understand what TRON actually does.

>>7493817
neither does dollar

>>7492237
this hearing is just informational noise, an excuse for whales to sell higher
market cycles doesn't care about such events, otherwise bitcoin would have never survived chinese ban instead of going ballistic

>>7494017
>the only tangible asset tron has is renting a garage in merica

>>7494231
That's not a head and shoulders... there isn't even volume confirmation lmao.

>>7494249
crypto gets its value from the USD ....where does the USD get its value from? If no USD were invested into crypto NOBODY would care. Think about it, most articles on crypto are about price action not the tech.

>>7491460
>the bigger the bang the bigger the bust
because youre a braindead faggot, that said it will be a long way down with lots of upward movement inbetween

even the shilling is usually following this template:
>Solid team
>Marketcap
>Next x10
>Some industry it wants to disrupt
...ask yourselves a) does this need a blockchain b) why does the company need so many millions?
I'm never convinced because nobody can ever explain what there coin actually does.

>>7491729
>file name
Fake news. That doesn't look like a river in Egypt.

>>7494146
kekked

>Tethered for the fall

>>7494231
More than likely we will see something like this... we are currently on the 3rd wave and we will end up forming an inverse head and shoulders for a target of ~13-14k.

>>7491486
show long with 100x leverage faggit

>>7494528
hahaha... good luck with that faggot. see u at the bottom

>>7491430
the 55 EMA not crossing tho so no reason to sell AT ALL.

>>7491628
That's weekly candles

>>7495250
Have to be careful though. We've hit the ~8500 wall twice now (Wednesday 13:25 UTC and Yesterday 12-14:00 UTC) and the price still hasn't passed yet. I have a feeling we will test 8500-8600 again later today, maybe in 3-4 hours. I believe the standard TA would say that if we clearly break 8600 or 8700 then we might see 9000 before the day is up.