/biz/ - Business & Finance

>>8988412
explan plox

>ignoring a chad step

How I prepare for this is shorting and buying more, rate my plan.

> Elliot waves in a pseudo-Bart market

so why does the price have to follow your neat little triangle meme lines?

whats stopping it from just going up or just going down because thats just what people feel like

>huuuurrrrrrrrr duuuuuurrrrrrrrrr

Thanks, bought 100

>>8988412
fixed you fucking faggot

>>8988412
Nice EW count pajeet, but it's wrong.

https://www.tradingview.com/chart/BTCUSD/yiT9qXjx-BTCUSD-Important-Correction/

>>8988412
welcome for what?

ta is worthless... when will you normie get it

>>8988412
I want to punch you in the fucking face so fucking hard OP. Looking at your graph literally makes me fucking rage at how fucked it is. You fucking retard!

>>8988443
this is based on elliot wave theory, and is a possible valid count
here's a link to ew:
https://0104.nccdn.net/1_5/1d1/31d/37b/A.J.-Frost--Robert-Prechter---Elliott-Wave-Principle.pdf

>>8988491
i'll ingnore the chad step until it enters wave 1 territory. so a close above 8769.9 would invalid this count

>>8988412
hahah stay forever poor OP, good luck with your lines

One word. Soros.

Think about this for literally 10 seconds. It's the perfect storm. Why would someone of his influence ANNOUNCE that they are starting to trade cryptocurrencies? He's an anarchist. If it looks bullish, it's going to be bearish. He is famous for going all in shorting markets much bigger than crypto.

I think his strategy is this:

1) Buy a nominal amount, start a short squeeze pump w/panic buying and gain lots on your long position.
2) Wait until the market has turned bullish and added even more to your long position
3) Wait even more until there are thousands of bitcoins worth of orders set just below the current price
4) Open a huge short position
5) Dump enough so that you expend the order book at a decent sell price and then trigger panic selling so that the price drops so you can also profit massively on your short position
6) Close your short slowly over time so that you don't inflate the price again until you are ready to repeat the process

>>8988673

>>8988661
Elliott Wavers are all faggots, everyone has different wave count and it's overly complicated.

There is a simpler approach to the charts, you can develop one yourself based on EW but not necessarily on the wave count.
Just read correction patterns, don't count impulsive waves.

>>8988502
i'm in a short position rn, and will continue to ladder shorts from the $8400-8700 range

>>8988505
>>8988529
>>8988559
>>8988572
>>8988614
>>8988639
im not saying this will happen. all im saying that based on EW, which a lot of traders use, this is a possible scenario. and if you don't believe in ta and think it's all memelines, then good luck trading with your gut

>>8988583
Top kek this. How do you just ignore that lower low? Elliot waves are a meme anyway.

TA is for insecure, pussy, beta speculators desperately searching for any signs affirming their trading positions. Save _yourself_ the bullshit and next time just tell yourself "it's going to be okay". It basically does the same shit. One is less bullshitty, and it's not TA.

You're welcome.

>>8988768

I am going to kill you

>>8988802
this bish is fucking hot but goole reverse just gives me the name of an uggo bish someone help

>>8988758
>overly complicated
aww is reading a book and learning a concept too difficult for you, ano

>>8988583
not a valid count,
EW states: wave 3 is usually the longest and never the shortest

AGAIN you don't have to believe in EW, and if you don't why are you here in a TA thread

>>8988412

>>8988583
I don't know fuck all about TA but even I KNOW that the C wave can never be the shortest, and is usually the longest.

>>8988768
>and if you don't believe in ta
this shit is not about believing but abot denying facts or not you fuckwit
gosh you all act as if its unclear or something. no. fuck no. its proven to be bullshit.

you ta fags are just another lvl of stupid

>>8988412
Elliot wave faggot

>>8988848
You don't need TA, fuck this meme. You think whales like the Winklevoss twins ask for TA reports? You think Bitfinex, Bitmex chart TA before they rig their exchanges?

>>8988837
I've read the book,
I know EW,
Decided not to use it as there is a better approach to charts IMO.

>t. 3 year TA experience

>>8988837
>>8988928
https://twitter.com/PeterLBrandt

>>8988673
exactly this. Exactly what he did on black wednesday with the british pound (look it up those who don't know)

>>8988768
>this is a possible scenario
>>8988946
agree

>>8988946
Exactly.

https://www.tradingview.com/chart/BTCUSD/68zbNmIy-Distribution-Trading-Range-on-Bitcoin/

unironically you should learn from this guy brainlets

>>8988673
>>8988997
if soros puts in billions and becomes a MAJOR whale, then he could manipulate btc
but btc has always had whales, the actual early investors.
https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social

im aware soros has shorted markets, and people then preceded to follow his lead, causing major economic turmoil; but overall he is here to make money, and won't be the only whale manipulating btc; unless of course he put in tens of billions of dollars.
tldr; no one knows how much money soros is going to put in btc, which will effect how much influence he has on it

>>8988599
possible valid count as well.
thank you, am now following him

>>8989236

Soros owns more in assets than any crypto whale does.

What you need to remember is that market cap decreases as people sell, so even the biggest crypto whales pale in comparison to Soros and Rockefeller. The biggest whale would kill crypto forever if they tried to cash out as much as soros has already cashed out.

Soros can do much more damage than all of them combined. Add this to the fact that he fundamentally doesn't like crypto currencies...

>>8988412
Oh great. Another 24h and it will look like the perfect blueprint for a Swiss wooden chalet. Go get a life,will ya?

>>8988946
Exactly this. That's how TA does work.