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/biz/ - Business & Finance

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10671935 No.10671935 [Reply] [Original]

The bottom of this cycle appears to be around $5200 which is also a weak support as 5800.


It's perfectly following the downtrend, the bulls are getting out of gas and struggling really hard to maintain a decent volumen to keep the price up.


I advised a couple days ago to not touch BTC above $6000 unless you see a decent support or trend reversal, there is none, as a matter of fact lube up your ass and prepare for another big red dildo if you still holding.

>> No.10672043

>>10671935
good. lower it drops, the more money i make the the inevitable 20k repeat. you know that shit has to happen again. everyone wants it to.

>> No.10672051
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10672051

Strong support at 500k

>> No.10672060

professionals are telling me to buy at 6480. but then again, theyre telling everyone to buy at 6480... what does it mean?!

>> No.10672078

>>10672060
short 100x

>> No.10672090

>>10672060
can you imagine a 376% increase?

the first time it happened i wasnt even paying attention, but thats fucking insane. how many people exactly became millionaires after that shit? thousands? 100,000's of thousands? anyone know?

>> No.10672092

>>10671935
bitcoin unironically can not go under $5,800

>> No.10672126

>>10672051
ikr these exponential retards are out of control.

>>10672060
You gotta decide your own entry level try to hedge as much as possible, these "professionals" will tell you to buy at X price right after they bought at X-100

>> No.10672169

>>10672090
People panic sell on the way up too. If you were holdinig from mt gox and saw an opportunity to unload you might do it at the first opportunity.

>> No.10672176

>>10672126
id be comfy with now desu. im just dealing in small amounts btw for fun. hoping if i get comfortable enough to daytrade i can invest bigger amounts. i honestly see no reason to not go in right now. its a pretty stable asset surprisingly.

>> No.10672192
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10672192

>>10672092
sure thing buddy ;) why cant we be anonymous on here? i hate having my other posts visible

>> No.10672248

>>10672176
couldnt you just sell after 100% profit? then just invest the original amount back in so youre investing for free basically

>> No.10672403

rip BTC thanks for sharing useful information tho

F

>> No.10672471

shouldnt it be steadily climbing based off the news that legit institutions are continuously working towards legitimizing bitcoin world wide? i heard goldman sachs something something ETF in america or something.

>> No.10673182

>>10672471

It is going to explode

>> No.10673291

>>10673182
Truth