/biz/ - Business & Finance

>>8618095

>>8618095
Post it

>>8618095
>>8618106

>>8618106
>>8618114
Not bad, homie. I do have a feeling that XLM is going to get rekt though, much like everything else

>>8618114
Snek doesn't really raise his head at that angle ever

>>8618178
Thanks, man. It's totally possible, but I think BTC will have a good April. It should put some life back into the alts.

Here's my BTC chart drawn on 1-19 in case anyone is interested.

>>8618242
It's just a general outline of how I think it will go. It won't be spot-on accurate, but it should be pretty close.

>>8618316
The dates on that chart were done from an assumed uptrend break. Starting with the white line, the area between those dates were meant to mark the dips and gains.

I figured I may as well post this since I was going through older charts, and this happens to be biz's jam.

Here's LINK drawn on 1-25. I vaguely remember leaving out the additional supports between 55 and 32, because the trend intersections that would have made them didn't come from a large data set. I'd look to buy this just under 32 and expect a large gain afterwards. I'm not sure why I didn't put dates on this one, but it should hit in the middle of April.

I'm out.

Little bit of a PSA for you:
When someone posts TA, always request that they show you their older charts before you follow any trading advice from their current ones.

>>8618316
we're still making lower highs, have not made a significant higher high since since start of downtrend only possible example is that reaction bounce off of first strong drop, but nothing since then, and even that wasn't higher than peak.
have made lower lows from start until 5800, and from dip off of 5800 bounce until now and are now pushing at 7500 support with significant lower highs.
still very much bearish tone, combined with a fairly tight trading range since 5800 dip, and we have downward pressure in a situation where if a bottom falls out it will create mass panic in the market and a massive dip after strong support is broken, strong move would likely see a stop at 5800 or so, but a break of that level isn't unreasonable and that would cause huge crash, finish up capitulation phase and put us in despair as even people who bough in around september/october 2017 like I did before btc found support over 5k would have either taken profit or would be back down near to their original price.

also, eth chart is looking very similar, and I think shows a clearer picture and can be carried over to btc as it's held such a large percentage of the market. ETH has strong support at 400 but we'retoo close to that level and signs of reversal/support are non-existant, so it looks likely to break 400 support level, and with a break of such major support we'll se the bottom fall out and panic ensue without extremely clear support levels below 400

additionally for xlm >>8618114 was a very nice call and recent slowing of price decrease has been helped by btc trading in a relatively narrow range, but again, no clear signs of reversal combined with no support below our current support level until the 1600's sat level and below that not much until we hit into the 800's sat level, so another prime situation for the bottom to fall out and panic to set in

you have an overly bullish tone durring bear market without justification of a large scale market reversal