/biz/ - Business & Finance

>>8506085
Because biz is a bunch of autistic retards that think TA is a meme

>>8506085
so it will basically go up or down
woah, thanks buddy

>>8506239
stay poor

https://www.bloomberg.com/news/articles/2018-03-16/bitcoin-s-death-cross-looms-as-strategist-eyes-2-800-level

>>8506085
Please drink my urine.

>>8506085
last deathcross BTC went down like 5% then spiked like shit... that's why

my fiat is ready

I let the game come to me. I also determine the value of bitcoin. And I place the short term value at 10400.

>>8506426
10,400 wow that's a decent amount higher than current price. That's right that's 10,400 about 19% over what I believe the next 24 hours.

>>8506397
Exactly. Death cross (as well as the golden cross) happen well into market cycles. They basically tell you what's already been happening. It'd be much more significant if it was a slow bleed for years on end, but it's happening because of a fuckhuge crash.

>>8506397
buddy... This was the last time there was a death cross, in September 2015. Seem familiar?

Thinking about going all in on DigixDAO, shit always pumps in a crash!

>>8506519
>buddy... This was the last time there was a death cross

welcome back from the coma my friend, hope everything is going well for you

>>8506519
buddy...the only similarity is the price went down. The charts look nothing alike.

>>8506519
...and if you look at may, that time when it came close it spiked up. How do you know it won't do the same this time?

>>8506085
>trading basic EMA crossover strategies without any sense for the actual price action or volume
this is how you get faked out and destroyed

>>8506239
>>8506397
>>8506426
>>8506542
The amount of pink IDs in this thread... This is all the confirmation we needed.

>>8506519
wow sample size n=1

i am very convinced now

>>8506649
>>8506519
>comparing to mt gox yet again
>memeing

shiggs

>>8506657
give

>>8506397
>he is not watching daily candles
Anon I...

>>8506085
because TA is meme. look here. 200 EMA should not be taken in first place in crypto. look here.

https://www.youtube.com/watch?v=aVX8xQL88xU

>>8506627
>volume
is abysmal

>>8506657
givs more
also the reason is that this happens so rarely, and it's known to consistently be accurate according to pretty much every online source
>https://www.investopedia.com/terms/d/deathcross.asp
it's literally got death in it's name, for a reason.

This is also pretty significant because we are only 48 days after the crash to 6k. 48<50. This means that the 50 (Five- Zero) EMA is factoring in that huge negative data point, giving more bias downwards, as >>8506519 rightly said. It is a great opportunity for whales to manipulate.

Even if TA is bullshit, it is a self-fulfilling prophecy. If enough people dump because they expect a crash, a crash will happen.

>>8506851
6k was 44 days ago

>>8506851
meant to link to >>8506511

>>8506802
Dumb pajeet listening to random cunts on youtube. The market does not care what his bad opinion is. Not saying it will definitely happen, but it is a likely risk.

>>8506085
8000 MILLION THETHERS

>>8506085
Stock market just crashed

>>8507001
Trump is such a fucking dumbass.

>>8507001
NONONONONONONO AAAAAHHHHHHHHHH WHAT THE FUCK NONO NOT NOW

>>8506085
Short. DUh. Unless buy volume picks up and we close above 9.1k on 1D

>>8506397
>Doesn't know that the higher the time fram, the bigger the impact.
>Doesn't look at the 1D chart.

Brainlet, go away.

>>8506964
People need tether so they can cash out, not to prop up the price of BTC.

buy the le dip :)

>>8507029
Leverage against China before the North Korean denuclearisation talks begin.
I mean, you have to be fucking blind not to see it.

Fun Fact: BTC has only crossed the Death Cross TWICE in its history. Both times the price tanked.

Think about that...

>>8507615
You are giving him too much credit. All politics aside, on a personal level, the guy is a moron.

Retard here, what is the difference between the yellow, pink, and blue lines?

>>8508019
You know nothing about diplomacy or international affairs

>>8506851
Stop calling it EMA maybe.

>>8508127
Something both Trump and I have in common then.

>>8508203
but if you don't know then how would you know if anyone is proficient, seeing as there is an absence of knowledge there you wouldn't be able to tell someone who is skilled because you have no idea what that skill envelops

>>8508509
>duuuuuuurrrrrrr you have to be a culinary chef to know what tastes good!!

moron, you just put yourself in a logic loop. it does not require to be the worlds greatest mind to make criticisms of someones work. a president-elect making a phone call to a foreign head of state that also happens to belong to China is poor diplomacy. Moving the US embassy to Jerusalem is poor diplomacy.

If you can clearly see cause and effect, with the effect being a net negative, you can easily criticize that decision.

>>8508096
nevermind,

yellow = 50 day EMA
blue = 100 day EMA
pink = 200 day EMA

>>8508579
you can taste food with taste buds, you have a skill set to taste foods, you don't have a skillset to predict that as you admitted.

No but not knowing something and not being good at it means you have no understanding of how it works, as you admitted. Where is the net negative seeing as you mentioned it? I'd like to see how those factors have resulted in a net negative?

Also ad hominem also shows a lack of skill sets.

Anyway since we are using poor comparison, it likes having no knowledge on how food tastes and saying it tastes bad based on other people who try its reactions, which could or could not be very bias depending on the pendulum you swing.

Know your place little boy.

ema crossover strategies are useless.
The lines change with the price, so by the time it has clearly crossed the opportunity is gone. hindsight thinking.
And there is literally nothing stopping the price from crossing right back over when you make your trade.

>>8506085
Because TA is a scam to manipulate sheeple into losing their coins, of which your post is a primary example.

>>8507029
The end will be swift and unexpected.
Now you know why Soros and the 1% have been shorting US stock since last year

>>8506085
anyone else see that wojack screaming on its side? bald silhouette with open screaming mouth and defined neck with a bite out of it
kek

>>8509046
soros is always shorting.
He would stab his own mother if it meant the market would tank and he could cash in on his puts

>>8508509
Because I watch CNN, dumbass.

>>8509088
xD

>>8506085

Short the absolute shit out of it on massive leverage. Seriously anon, if it's a 'certain' indicator, seems like easy money.

>>8506397
>b-b-b-but it's not different this time
Look at monthly charts. It's the first time in years btc has gone below 5MA. Have fun posting pink wojacks in the coming months you delusional retard.

Why do shorters always swear so much and use words like "retard". Are they attempting to belittle people to push their agenda?

>>8506363
>$2,800 kek
wishful thinking

>>8506764
also this

>>8510488
>linear

>>8511191
>muh log scale
>muh investments aren't going the way I want them to! I know, use another scale so it appears pretty in the charts!
Kek.

Why are HODLtards so delusional?

>>8506085

>1hr candles
>using standard MA intervals from traditional markets

does /biz/ even try?