/biz/ - Business & Finance

Zoom in

We will break 12k during Consensus.

We are going to <insert random number here as I don't have a clue>, aren't we?

>>9404920
why?

>>9404906

>can't get past 10k$ resistance, since it's a big psychological level and nobody in their mind would buy/long BTC at 10k$ in current trend, so everyone went short

>had 5 weeks of continious growth up to 10k$

>reaches 10k$ and immidiately drops almost 20%

>has a little temporary pull back on fib levels

Here you go, I zoomed in and saw devastation.

>>9404934
It's a complete meme theory based on the past years, but the problem is that in last 3 years BTC situation was in a completely different trend

Just open log chart and it's pretty much clear where we are going

>>9404903
I keep seeing how it won't be profitable to mine under 6k so unlikely to go lower, we already hit 6k and 6.5k, next low 7k?

>>9404982
>It's a complete meme theory based on the past years
ok so past performance is not a good indicator of future performance because of logistical reasons recently
>but the problem is that in last 3 years BTC situation was in a completely different trend
right, so BTC was in a completely different light in the past as compared to now. And due to that it is an entirely unpredictable trend.

>Just open log chart and it's pretty much clear where we are going
pic related.

>>9404982
>Just open log chart and it's pretty much clear where we are going
long term looks up but short term down. amirite?

sorry, brainlet here. are we going up or down? you TA boys never seem to agree

>>9404903
your not even intelligent enough to comprehend the maket movements.
institutional money is moving in and we will see a ath very soon.
4 k was a meme created to wash out week hands.

>>9404954
it crashed because of correction, bitmex and exactly the same korea fud. Do research before you pull out these TA memes.

>>9404982
>bitcoin was in a bull market in 2015 and 2016
Spotted the nucoiner

>>9404954
it crashed because of correction, mt gox movement of funds and exactly the same korea fud. Do research before you pull out these TA memes.

>>9404929
100%

Nobody even knows why we dumped so hard in the first place. If that was just because of the Korean FUD or MT.Gox sell off, it's gonna recover in a few weeks almost certainly. The market is starving for optimism after winter.

>>9406097
Well it depends on which way you turn the chart. Some TA guys don't turn it, some turn it 180 degrees. It all depends on which sect of the TA cult you belong to, and which rituals you observe.

>>9406453
>Market is starving for optimism

Wow you mean bagholders want the prices to go up? No way!

>>9406480
There are no beg holders left, buddy.

>>9404903
Considering the break even point of the bitmain S9 is 2349$ i would say down to 3k isn't out of the question short term

>>9406498
We didn't break 6k even after the legendary January dump when everybody were shitting their pants and literally killing themselves. Why on earth would it happen now, when we all have seen 3 fucking rebounds to 12k and 10k? Nonsense.

>>9406453
>>9406480
Exactly why we won't have a bullrun anytime soon, bagholders want to break even. >>9406536
Lower highs everytime. New rebound will be 9k.
>>9406491
Not yet, btc must crash to 3k first.

https://twitter.com/CollinCrypto/status/995280504541900800

lol you 3k guys must be on crack or something

>>9406554

>>9406732
I remember when I told a guy that BTC will hit around 5.8k$ or 6k$ (according to parabolic movement retracement tgeory, linear and log trendline, horizontal support and SMA200) when it was around 13k$ and on a downtrend. He pretty much blocked me asap calling me names. The whole cycle has been going in the same way as 2014.

>>9404982
>It's a complete meme theory based on the past years, but the problem is that in last 3 years BTC situation was in a completely different trend

So the past isn't a viable indicator? Ok, then so be it.

>Just open log chart and it's pretty much clear where we are going

Why look at the charts aka past performance? I thought it wouldn't be a viable indicator?

>>9406956
The trend was the opposite of what it is now, we are still in down trend correction.

Because the same thing and retracements happened during 2014 bubble. Which is pretty much how parabolic trends behave during bubble bursting. 50% retracement, pull back to normal and down to 50% retracement of initial 50% retracement.

If you sold you post bullshit TA's about going down, if you are hodling you post bullshit TA's about the moon.

Pretty simple really.

>>9407515
Pretty much this.

>>9404982
This, not longer than 5-6 months ago people didn’t even know what Bitcoin was, now even niggers, models, soccer moms and kindergarten kids own a bags of low caps unknowns shitcoins.

>>9404903
If we're in Eliot wave 2 I think we're going to $14k. But then I'm a noob so take it as a grain of salt