/biz/ - Business & Finance

>>8491522
>coin. Really.
if Death Cross occurs then could play out like 2013/2014 bear market.

>>8491522
20 and 200 isn't the death cross you fucking brainlet, it's 50 and 200 and they're not even close to crossing right now

>>8491522
lol @ ur meme lines

>>8491522
>The next 24hrs are absolutely critical for bitcoin. Really.

>>8491547
>reading comprehension
>your bad at it

t. Brainlet

>>8491611
the fact that so many of the borderline-retarded 80 iq mouthbreathers like yourself on this board have fallen for the death cross meme and repeat it ad nauseum is almost a sure sign that it will fakeout cross then quickly cross back and moon hard.

btc to 0 screencap this

>>8491611
>inb4 “you’re”

>>8491618
Because there’s no profit for whales in letting/making it play out and crashing btc to the ground right?

>>8491679
Yeah, because whales want to crash BTC to the ground and make all their holdings worthless.

I can tell you've never traded forex or anything because the pros love to abuse retards like you who trade on braindead ema strategies.

>>8491696
Anyone who has spent more than a minute on a stock trading forum will hear the coming ring of delusuon when someone attributes market movements to an undefined group called 'whales'.

>>8491757

It is well known that whales communicate with each other and choreograph moves.

>>8491780
Up to 1000 miles i believe.

>>8491780
well known by December buyers maybe

>>8491954
their resonant whale song leads to a beautiful dance through the wavy waters

>>8491679
no as much as playing the futures contracts when everyone expects it to go to 0

>>8491757
These aren't stocks. If you don't understand that this market is manipulated by high volume bots of a few actors you're dumb.

>>8492185
Oh man ... these arent stock, there something mankind has never seen ... special, like a beautiful flower that grows and keeps on growing, like a rose or a tulip.

>>8492208
You think you can enter our world and patronize us and get away with it

>>8492237
Hey man, just passing through, making conversation.

>>8491780
You give them too much credit, I highly doubt a large amount of whales actually agree on doing anything. My estimate is that at any given point, 40% are bearish while 60% are bullish (or vice-versa) and they have to fight eachother in order to win. Lots of big dump are followed by big pumps

>>8491696
To the ground? No. To 2-3k? Sure why not. 100k short at x25 from 8.5k to 3k is about 1.6MM profit, take 600k profit and wait for the entry for a 1MM 25x long. Say entry is 4k by the time it hits 5k profit is 6.2MM at 8k profit would be 24MM. Just 2 well timed trades, if you had the means why wouldn’t you take the risk? The setup is almost perfect

>>8491522
Are you the same faggot who posts the "death cross" meme literally every 2 to 3 days? When was the last time you used a toilet pajeet?

>>8492749
>100k at x25
have fun getting stop hunted
i'd rather play it safer with x10
less reward, less risk.

>>8492824
1 no
2 this morning

>>8492237
Your world is full of shit and misery.

>>8492208
>here something mankind has never seen ... special

no it just means they aren't regulated, have laughable volumes, and can have market cap swung by billions of dollars by spending a fraction of that - which coordinated players with a lot of money and/or crypto assets from years ago do on a daily basis. Not hard to understand.

>>8492185
>stocks aren't manipulated by bots
Jesus christ you fucking brainlet

>implying that they won't cross the death cross, and then cross it right back in a day just to fuck with everyone.

So the 200 50 deathcross has never happened before, its never been a thing for btc, its a simple TA metric used by mostly value investors to determine long term value of a company in traditional finance, if it crosses we can expect some sort of effect from hype alone at this point. There are a few things of note for the MA's themselves. If you look at the price action 50 days and 200 days ago both are about to shrug off a period of big selling this means if the price was going sideways the MAs would both move upwards; this is telling you something. I'm unsure if its too late now for there not to be a cross or at least a meeting of the two (a meeting of the two and then post meeting widening in the upwards direction is a bullish signal remember) but if we remain with upward momentum in the second half of this week the chance of the metric being useful for anything other than self-fulfilling prophecy of dumb money (the people who are trading of this metric) reduces a lot. So be cautious about using this deathcross for a trading decision, make sure its the very last metric you use in influencing your decision.

>>8492996
Thank for your input, much appreciated