/biz/ - Business & Finance

>>8787470
BART

>>8787470
my technical analysis suggest there is heavy manuipulation in the market

>>8787470
trading sideways then a fakeout downwards to bait shorts then a breakout upwards to liquidate them

>>8787470
bart waves > elliot waves

>>8787489
>>8787491
>>8787495
>>8787498

TA btfo

>>8787470
WHEN EVER BITCORN STABILIZES LAYER YOUR BUYS FOR A DROP

WHEN BITCORN HITS BOTTOM LAYER YOUR SELLS UPWARDS

ALMOST ALL MY ORDERS HIT.

I DON'T KNOW IF YOU CALL THAT TA BUT FUCK MAN IF YOU WATCH THE STUPID THING YOU GET A IDEA OF WHAT THE STUPID THING WILL DO NEXT.

YOU DON'T NEED MUH IDOIT WAVES OR FIBERNACHOS

>>8787470
I don't recognize this chart so I don't trade it.
That's the explanation.

>>8787470

>>8787470
It doesn't. It's anomalous, and there's a good chance it'll come right back down. I feel bad for people who opened short positions today or even last night though. That pump would have caught me off guard.

tfw it's not anomalous... Bullish divergence for days.. Zoom out

>>8787515
>FIBERNACHOS

I’m stealing this

>>8787580
I saw that, but it feels a bit early for that pump to come. I wouldn't have expected it until tomorrow or Sunday.

>>8787580
1d bullish divergence is a big deal though.

>>8787569
>feeling bad for shorters

>>8787470
easy

>>8787580
I feel like one whale jumped the gun on this bullish divergence. I'm going to watch the pump to see if it continues or not. I feel like a better time to pump would have been when the price got down to 6300 or maybe even a bit lower.

>>8787606
specially when it aligns with a more than probable MACD bullish crossover also. Sellers being exhausted for days. This might be a somewhat big retracement like last time MACD went bullish on daily candles

>>8787583
>FIBERNACHOS

ARE LIKE THE STUPIDEST THING ON THE PLANET RIGHT ALONG SIDE OF IDIOT WAVES

PRICE GOES UP OR DOWN. WHY THE FUCK DO I NEED TO DRAW ANGLE LINES ON A CHART LIKE WTF

>>8787633
This. OP we've moved on from old boomer TA to Simpsonian analysis. Where the hell have you been?

>>8787580
Volume is pretty low on this pump too.

>>8787678
BTC is ripe for a big reversal.

I'm keeping my eye on this pump. I have my doubts that it'll sustain, but if it does, I guess I have to buy back.

>>8787580
ALL THOSE USELESS ANGLE LINES. NIGGER WHAT THE FUCK IS THIS SUPPOSE TO MEAN

YOU REALLY NEED TO DRAW A BILLION LINES TO KNOW THAT IT BOUNCES OFF FUCKING 6K LIKE 100 TIMES ALREADY

>>8787724
probably will reverse, we cant get fucking euro-muslims or the chinks/koreans to lift a fucking finger. its all U.S. price bumps consistently for last few months

>>8787708
we are on the chaotic cusp of a larger inverse megabart that we’ve been in. the shorters will be ultimately BTFO ushering in a new era of human prosperity symbiotic with technology.

>>8787678
The low 6600s is a strange price to start a major reversal on.

To be a proper 1d bullish divergence, the reversal needed to start at around 6420 at the most and a little lower would have been better.

As it stands now, its 1d bullish CONVERGENCE.

It's almost at the middle of the 15m bbands.

- If it pumps again at the midpoint, I may have to buy.
- If it sinks below, then I'm going to chalk it up to premature whale ejaculation.

>>8787580
is it possible to have a bear market without it looking like a bullish wedge?

>>8787821
IF YOU ARE WAITING FOR A SIGNAL YOU ALREADY LOST MONEY

JUST KEEP WAITING DON'T WORRY ABOUT IT.

>>8787821
idk what to think... Stoch RSI weekly looks like we have already bottomed the market and we're ready for a bullrun.

Regular RSI is not bullish since february lows but is bullish from last 2 weeks so I'd expect a retracement this week, but not sure if we'll see a final massive whale dump before that.

>>8787821
>15m bbands

Small correction. I was looking at the 5m which doesn't matter too much in this case.

>>8787470
Barting. Never doubt the Bart.

>>8784266

>>8787863
>RSI

THE RELATIVE SHIT INDEX CREATOR SHOULD BE SHOT

LITERALLY THIS FUCKING THING IS USELESS.

ALL THESE MEMECATOR WERE MADE TO SELL SOMETHING LIKE USE MY HIGHLY USEFUL MEMECATOR PLATFORM FOR TWO PAJEET DOLLARS A MONTH

MAKE GOOD TRADES TO POOP ON

>>8787939
You don't know what you're talking about. Learn how to use RSI first.

>>8787959
FOR WHAT? LOOK AT THE FUCKING CHART YOU ALREADY KNOW YOU HAVE DOWNWARD PRESSURE SO YOU KNOW THERE WILL BE A STRONG BREAK OUT TO THE BOTTOM THEN YOU ALREADY KNOW THAT IT WILL BOUNCE WHEN THE FUCKING RETARDED PIECE OF HUMAN SHIT GETS TOO FUCKING LOW.

RSI LITERALLY JUST TELLS YOU SOME PAST EVEN SHIT THAT IS NOT A PREDICTOR OF WHAT IS TO COME. THEN GOES FUCKING WACKY IN A REALLY DRASTIC FUCKING MOVE LIKE A MASSIVE UP SWING OR DOWN SWING.

LOOKING AT THAT THING IS LIKE JUST SHOOTING YOUR SELF IN THE FUCKING FOOT.


AAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>>8787984
Do you at least know what divergence is and how it applies to RSI?

I think if you did, you wouldn't be typing in all caps.

predict the next pump OR dump TAers. go

>>8787628
Press F for all the liquidated shorts.

>>8787489
Really more of a Smithers.

>>8788011
CHECK THE RSI ON BITCONNECT CHARTS THEN GET BACK TO ME ON THE NEXT UPWARD MOVE

>>8788049
One thing I don't get is why don't traders on BitMEX set stop losses after they make an entry?

Liquidation is preventable.

>>>/o/18932777

guys 8k confirmed look at them digits

>>8788084
all or nothin', baby

these are just degenerate gamblers

>>8787470
It's called a random walk. Should have taken a forecasting class.

>>8788114
>this is random

>>8788077
I'm shocked to learn that BCC is still being traded at https://tradesatoshi.com/Exchange?market=BCC_BTC .

>>8788095
That's such a shame. A little defensive discipline could go so far.

>>8787470
ask krown

bart simpson retracement

>>8788114
YOU KNOW WHAT IS FUNNY ABOUT BITCRON

THE PRICES ARE ACTUALLY MORE STABLE NOW THEN THEY WERE IN THE PAST.

COULD YOU IMAGINE THE CHIMP OUTS ON THIS BOARD IN THESE TIMES.

>>8787773
I have more memetic lines and angles proving that Bitcoin hasn't failed to complete a single bull flag since 2013 (in log weekly chart). Poles of each flag start somewhat on increasing buying volume.

Of course, this could be the first one we fail, but the correction looks too steep already. Will wait and see

I mean, TA told you where it would likely stop rising. The fact that shorts were at ATH was a pretty good indicator they were going to get squeezed. It's not like this move couldn't be predicted.

>>8787495

Correct. This pattern can happen without overt manipulation as well. It's the main reason why using stop losses on volatile things like crypto and penny stocks is dangerous. Your stop loss can get triggered by a brief twitch in the pattern and the price snaps right back up before you get a chance to buy back in.

>>8788359
shut the fuck up retard

>>8788019
Let me analyze the events of the current day. There was one legitimate pump that could have been predicted by TA at around 10:30am GMT.

At that time, there was bullish divergence on the 30m chart, and it got a respectable pump, and then it slowly trended upwards.

There was an anomalous dip at 22:30 that brought the price down from the low 6600s to 6523. However, this anomaly was quickly nullified in the next candle and price stablized in the low 6600s again with a slight upward trend.

For some reason, someone decided to pump at 4/7 00:30 and a few hours later, here we are hovering around 6830.

Anyone who was trading the 30m divergence got a real treat, because this is a much bigger pump than I would have expected. If I had a long position, I would keep an eye on the 15m and 30m charts to see watch for bearish divergence at which point I would exit. If you're lucky, it can go up another $100 before coming down. If it goes higher than that, you're very lucky, IMO.

We'll see.

As for the next pump prediction, I'll do it in my next post.

>>8788346
I think this can have one or two more thrusts up before coming down.

>>8788346
I still feel it's a little early for the BIG pump up. I think this pump is a false messiah.

>>8787470
Le Green Dildo

Anybody that thinks this is market manipulation is retarded and unironically needs to kill themselves

>>8788439
>this is just the normal behavior the market goy, just another day in bitcoin markets

>>8788480
saved gif

>>8787470
>Eat my shorts

>>8788480
WHY THE FUCK DIDN'T I GET A (YOU) FOR YOUR POST
I FUCKING HATE YOU FOUR CHAN
FUCKING FUCK GIVE ME MY (YOU)
FUCK THIS SHIT FUCKING FUCK

>>8787678
Those are shit tier indicators sorry dude. Easily painted too

>>8788494
That's the bitch who wants to take your guns so her goons can come in and steal your life. Your crypto won't even matter then. Make sure you leave a will to your closest relatives so they can acquire your assets but more than likely they will be in the gulag along side you. Communism punishes people and family by generations.

>>8788508
>Not using clover

>>8788346
YOUR MAIN PROBLEM IS YOU ARE NOT DRAWING ENOUGH LINES. ITS NOT CONFUSING ENOUGH. THE KEY TO MEME LINING IS TO CONFUSE YOURSELF WITH SO MANY FUCKING LINES HAT YOU CAN'T UNDERSTAND WHAT THE FUCK IS GOING ON. THEN YOU WIN

>>8788526
What does that mean REEEEEEEEEE

>>8788480

>>8788480
>Implying BTC doing this shit isn't desirable.

Totally abnormal goyim. You can expect that all of this will stop once the market is regulated. Trust your friendly congress to make the market safe for you.

>>8788526
>>8788544
Nevermind I just looked it up on DuckDuckGo
Looks good, thanks for making me aware of it anon

>>8788575
/g/ approved

>>8788396
Continuation of my analysis of the current situation.

>>8788622
What number does the pump need to hit

>>8788641
On bitmex, on the 15m, it has to beat 82.6952.

>>8787470
>>8787491
George Soros.
It's happening: https://www.bloomberg.com/news/articles/2018-04-06/george-soros-prepares-to-trade-cryptocurrencies-as-prices-plunge

This is the rare frying pan and handle. Bears get rekt

>>8788019
As for the next pump, I was waiting for bullish divergence on the 4h chart. I was expecting it to come on Saturday or Sunday, but the unexpected pump we got today may have delayed it a few days. Until this current situation plays out, it's hard for me to guess.

On the 4h chart, the pump managed to bring price up to the middle of the 4h bbands. I feel that it's more likely to go down than to continue to the top of the 4h bbands at this point. Over the next few days, I'd like to see the price move to around 6300 or a little lower at which point, I would expect a big reversal.

>>8788622
idk, I think this is a small bullflag... Stochastic RSI going down with price sustaining, and in the 4h timeframe there's MACD bullish crossover. Will know soon enough

>>8787821
Yeah. I expected it to be at mega satanic dollars.

>>8788136
LOOKS GOOD REALLY NICE VOLUME ON THIS CHART

SOMEONE PUT A MEME LINE ON HERE

>>8788783
It's a hard situation to read. I did not expect this at all.

>>8788817
I can't say I wasn't expecting it... Here anon, have a laugh tradingview.com/chart/BTCEUR/yHS5qpov-Freakin-bullish-divergence-dumping-Again/

ofc TA has been failing lately so I don't even trust my own, but longed yesterday's bottom for the lulz with some cash. Just to not get absolutely mad if it pumps and I miss it kek

>>8788049
>$3.5 billion short
and here i am just trying to make it

>>8788991
That's million, not billion

>>8788817
see: >>8787548

>>8788783
So is Bitfinex responsible for the Barting so as to liquidate people shorting/longing?

>>8789014
>>8789036
Inverse Barts can be a motherfucker.

ez pz

>>8789036
does this seem like a bulltrap followed by a bear trap and then confirming the meme market bottom?

for me, yes it does... But caution

>>8788559
This.

Jews are our Greatest Ally.

>>8789099
>>dubs confirming market bottom trap?

>>8789121
never doubt dubs

>>8788929
Your TA style is way more complex than mine. I mostly rely on RSI divergence, and I use Bollinger Bands to help me identify peaks and valleys more accurately. My TA is brainlet tier next to yours.

I agree that the 1d divergence is something to watch out for. I kinda hope this pump isn't the beginning of it.

I hesitate to go long just yet. This wasn't the setup I was looking for at all.

Here's one more chart from me regarding the 50 week moving average. Just a thought.

>hurrdurrderodero my TA just werks!!!!!
>hurrfurr this bear bull stochastic indicator swing trade flag shows me that BTC will pump to 1000K
Meanwhile whales pump and dump the market without giving a fuck about your memefaggotry. They don't fucking csre, they see shirts piling up they pump they see longs pile up they dump.

Also if you are going to give out buy or sell advice you should also post your own position with your gay crystal ball memelining.

>>8789272
What are you talking about? Whales use TA too. Their pumps are not random.

>>8789099
yup, it's coming back down sub 6600 tonight

>>8789305
To get a good setup for both 4h divergence and 1d divergence, we need the price to get under 6400. That might bring the price below the 50w MA for a brief moment, but it'll give whales a great excuse to pump.

TA explains this by saying that the minimum candlestick length you should be looking at is 4 hours.

>>8789398
4h looks bearish.

>>8789398
you should be looking at the 5 min

>>8789398
>not using Malthynsian 50-day moving average indexing candles

>>8788480
It's astonishing how fiction is never as terrifying as real life. That's a real person doing a real thing.

Oh man. It's pumping again.

TA falls apart under market manipulation, TA is based in psychology, cycled of fear and green. This is what you call an unnatural price movement. The truth is were going to be begging for regulation on crypto trading before long.

>>8789567
>begging for regulation on crypto trading before long.

Nah.

>>8789518
yup, but which direction will the real dildo go? :D

>>8787470


How to predict this?
Alot of stop losses got triggered yesterday.
Someone inititiated a concentrated buying volume, stop losses got triggered - automaticly turned into buying volume.

>>8789422
...or not? I feel like the bband traders see that it's past the midpoint on the 4h, but can they take it to the top of the 4h bbands?

>>8789567
That pump put the price in a technically awkward spot. A lot of traders are confused.

>>8789272
if they pump into shorts and dump into longs they'll still be following TA indirectly because that's what the shorts and longs are based on in the first place

>>8787470

Here u go OP

>>8787863
I have had this conversation a thousand times by now. Fucking RSI heads. The stoch could take 4 weeks to move incrementally and it would just be peeking up.

>>8788346
Holy fuck bulls are addicted to hopium. Literally going to any lengths to delude themselves. Bottoms not in yet fags.

>>8787548
This is actually an interesting perspective. Hmm

eerily long yolocoaster trap ride ... considering the greater breakdown towards the bottom with massive potential to go lower ... but appearntly its more lucrative to collect the shorts (for now)

>>8787470
I can. It's textbook Wyckoff

>>8790573
>>6,9 kek
I said bottom for now

Sorry, my TA got this down to 5mins within the pump.

Am I going to tell you? Nope. I like making money

not surprised, will ho down long term though

>>8788540
That wasn't confusing at all Caps Guy. Meme lines are pretty straightforward.

>>8790754
This

>>8790754
not exactly textbook (runup to 7.5k should have been lower) but it is Wyckoff yes.

>>8789967
It went sideways for so long that the top of the 4h bbands are coming down to meet price. When they finally meet, traders will have a technical reason to sell.

>>8790744
Tone jak?

>>8787470
>you cant
Wut? We broke the triangle on high volume, make bullish divergence on 1H and the go up to retest triangle borders again. This is paper trade, you fucking retard.

The market bottom will be reached during s massive dump and rebound, not with 'testing'

>>8787470
You should take a course in simpsonian analysis if you didn't see that coming.

>>8793130
Agreed.

>>8787633
Some day, there will be an Investopedia article on the Bart and Inverted Bart patterns.

>>8793086

So why aren't you a millionaire?