/biz/ - Business & Finance

>triple bottom

>>9917966
it will go up soon

Got me there, OP. Looks like utter shit to me but I haven't made myself tether at all since January. What an idiot.

If it drops a lot really fast it will bottom out and never go lower

>>9917966
I had a dream and btc went up.

>using a linear scale on an exponential rise
brainlet detected.

>>9917966

Zoom out, it's just the first sell off.

It's dropping slower than it went up

>>9917966
>dis happens evry yr

>>9918001
had a dream 2 weeks ago of me looking at delta and btc @ 4900

Log scale, I don't know if it's easier.

>>9917966
Nice chart, chucklehead.

>>9917966
I REST MY CASE JUST FUCK MY SHIT UP

>>9918043
The point is 1M chart, then you can use anything you want.

>>9918035
On the log scale it doesn't look like the run up was as drastic as the first few.

look at this MACD

>>9918005
>exponential growth is sustainable in economics
btc $5,000,000 by 2020 guys

>>9918035
we are going through 2013 2014 :)

>>9918082
What happens when they cross?

>>9918100
When it's taking over something as big as another form of currency yes, because we did not even get started.

>>9918082
What happens if they cross like >>9918110 said

>>9917966
Hi newfriend

>>9918110
>>9918153
An extreme horror story not intended for sensitive audiences.

>>9918111
oh no he's retarded

It really hard for make 1 month chart look bullish

Only good sign 8000 seem like very solid PoC

>>9918100
It literally does not matter what it is or why its going up exponentially.
In order to see anything in the chart other than a big ass spike that tells you nothing, you need to use a log scale.
It could be tulips or gold or mongolian basket weaver basket production charts it does not matter.

>>9918160
according to this model bitcoin price diverges to infinity
BUY BUY BUY

>>9918160
It has to be a 1M chart.

>>9918360
Dude, use log scale.
>>9918035

>>9918343
I don't use or really understand VPVR. Are you saying something like if we close above where this candle opened then we may go to 8K? I'll give you winner of the thread so far if that's what you're saying.

>>9918168
https://youtu.be/cMX1_AU1slA?t=143

>>9917966
Consolidation complete

>>9918423
It shows historical resistance and support to predict future resistance and support because the most action happens at those levels. You may get a repeat.

>>9917966
>Make a bullish case on this chart.

This one is more refined. Drop to 3-4k after the rest of the Gox coins are sold in September. Then bull. >>9918431

>>9918423
Cunt if you weren't a brainlet you would have used that one from the start.

>>9918482
This.

>>9918001
i had a dream i was in a closed meeting with lots of people and trump. trump was like "we need to get everyone in america on the bitcoin blockchain"

>>9918482
I don't have one but that's interesting in some way because we can look at the next candle. I would prefer to open a long position on the next candle.

>>9918548
I wasn't trying to be deceitful, I opened a different browser to not have to delete my memelines and I simply forgot. Play.

>>9918343
it's amazing the price is going down considering how many people have bought and hodl at 8k.

1/5 of all BTC were bought at 8k.

>>9918596
>Make a bullish case on this chart.

>>9917966
Bull flag
/thread

>>9918638
I don't know why that last candle is red. Assuming it opens and closes where I believe, it seems to have taken about half the prior candle and found some support at 8, this could mark a reversal after the spaghetti falling out of pocket pattern.

>>9918507
I think they look reasonable, the first one fucks over people better I think.

>>9918811
Draw it plox, I want to see the breakout level.

>>9918549
The next day Trump got impeached and bitcoin crashed to zero.

Jesus.

>>9918882
cant draw a bull flag, the last candle invalidated it. if it closed around 8k it woulda been a great bull flag

>>9917966
I'm kind of new to trade talk, but this is very bullish overall.
This is basically a long term variation of swing trading on an up trend.
There was a 3 outside one trend trigger from March to May of 2017 which lead to a bull run up until December. This is the first upward trend.
We are now on the downward trend, which will bottom out at 4.4k worst case scenario.
It may take all the way until December of this year or 2019, but bitcoin will swing upwards to 25k or higher after the downtrend.

>>9918100
It doesnt need to keep growing exponentially to be required to analyse in a log scale. How can you determine if the drop in value is big or small in a fucking linear scale? A moon mission from $1 to $1000 would be a fucking 1000x and in a linear scale it has the same representation of a moon from $1000 to $2000 (a 2x). Of course the crash is always gonna look devastating in a linear scale.

>>9919322
I can see it playing out like that. I have an autistic issue with
> worst case scenario
> will swing
For example, 4.4k in July or in December or in 2019 may give us different ideas about where the bottom could be. I have hopes and theories about all this stuff, but it's like knowing is something different. It's pretty late and I don't know how to explain myself better hope you can understand what I'm trying to say.

>>9919490
That's alight, most of the popular theories are all long term. Hard to tell what's going to happen with just short term events.