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/biz/ - Business & Finance

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File: 81 KB, 1218x661, bullish.jpg [View same] [iqdb] [saucenao] [google]
12231143 No.12231143 [Reply] [Original]

Looking at this, you really must be crazy to think this formation is bullish. We close pretty much on the lows. Don't expect the coming days any rally after the bulltrap from yesterday. Look at the yearly candle. If it would rally 1K from here to 5700 that would give a chance for a bullrun next year. Algos will seel every fuckin rally next year.

>> No.12231167

>>12231143

A lot of people on /biz/ are calling for a sidewards market next year, this chart kinda supports it if it follows a similar cycle to the 2013 bubble

>> No.12231185

>>12231167
Assumption, expect another 66% (Probably more) haircut because the next yearly support is at 1136.
Whatever /biz/ is calling, technicals show something different. Biz should invent something else, and never ever let the futures market enter that asset. That's the only way.

>> No.12231189

>>12231143
This is just the start of a 15 year long triangle

>> No.12231198

>>12231143
Zoom in

>> No.12231200

>>12231143
Look at log scale you fucking moron.

>> No.12231206
File: 10 KB, 234x250, 1478498772815.jpg [View same] [iqdb] [saucenao] [google]
12231206

>>12231143
Dow dropped 600 points today and that doesnt get a mention on biz?

>> No.12231225
File: 141 KB, 1220x659, zoomed.jpg [View same] [iqdb] [saucenao] [google]
12231225

>>12231200
You're the moron. Like wrote, technicals show lower levels unless in the coming days Bitcoin buying frenzy takes price above 6K. (Won't happen)

>> No.12231237
File: 16 KB, 305x367, 1540437587626.jpg [View same] [iqdb] [saucenao] [google]
12231237

>>12231143
>TA on chart with 3 candles

>> No.12231243
File: 12 KB, 277x277, 1524779553277.jpg [View same] [iqdb] [saucenao] [google]
12231243

>>12231185
>Biz should invent something else, and never ever let the futures market enter that asset

assablasted bitmex wrekt loser leftist "muh manpipulation"

you realize you can scalp off the algos?? or are you a retard?

>> No.12231244
File: 175 KB, 1225x663, Bitcointruth.jpg [View same] [iqdb] [saucenao] [google]
12231244

Zoomed in.

>> No.12231252

"Everyday I assume every position I have is wrong.” – Paul Tudor Jones

>> No.12231276

>>12231225
>muh technicals
I'll just go off my gut like I've been doing for the past 5 years. You're fucking retarded. Btc will likely bottom out between 2 and 2.5k and recover over a year or two and then go parabolic again, to somewhere around 50-70k. If you think TA is reliable in an unregulated limited supply market you're too fucking new and stupid to be posting threads and infecting others with your retardation.

>> No.12231305

>>12231276
>my guess is better than your guess

>> No.12231306

I really really really dgaf already- I’m done swingtrading and scalping minimal gains with a shit time of losses and watching the fucking goddamn charts. I have a fuck lot of fiat waiting to buy in- just fucking crash it to 1000 already so I can buy up then go back to wagecucking it, side hustling and maybe shorting some stocks. Just fucking donit already. Fuck TA, fuck all these bobo bears and green wojcks. Just please please fucking do it jesus-

>> No.12231330

>>12231306
this

>> No.12231376
File: 10 KB, 258x195, F1143CF5-A9F0-455E-817D-8562AE7E0B83.jpg [View same] [iqdb] [saucenao] [google]
12231376

>>12231306
>fuck all these bobo bears
>just fucking crash it

mark ass trick

>> No.12231390

You guys are so fuckin delusional to think that Bitcoin Core has seen the bottom. There is no chance Bitcoin will rally from here. Technically impossible. Maybe one more pull up but no way it is getting anywhere near to 5700. It won't even get beyond the high of this latest pump for this year. And then next year it's another 50 to 70% down.

>> No.12231415

>>12231390
since when are rallies technical?

>> No.12231424
File: 45 KB, 1339x437, 54674.png [View same] [iqdb] [saucenao] [google]
12231424

>>12231143
jan 1

>> No.12231431

>>12231424
This is the problem why you guys lose money. Asuming it is going to create a right shoulder.

>> No.12231758

>>12231185
man just look at your own fucking chart nigger stop cherry picking!

>> No.12231792
File: 141 KB, 1231x835, pamp.jpg [View same] [iqdb] [saucenao] [google]
12231792

looks fine to me

>> No.12231812

>>12231143
You realize the 2012-2013 candles are the same as 2017-2018, right? 2017-18 is just scaled up.

I see two decent years of uptrend and then a bullrun that dwarfs the 2017 run in 2021

>> No.12231815

>>12231206
Because trading the Dow is for pussy anon

>> No.12231817
File: 151 KB, 1231x835, pamp.jpg [View same] [iqdb] [saucenao] [google]
12231817

trust the meme line

>> No.12232508

Market will capitulate. Do you really think that the big boys give you days or even weeks to buy the bottom? Maybe 2 hours max. As long as market doesn't capitulate big time it will be in bearish mode and in a bear market it is better to sell the rallies and not try to pick the bottom. Bottom pickers will get smelly fingers.

>> No.12232558
File: 4 KB, 90x63, 20181225_145607.jpg [View same] [iqdb] [saucenao] [google]
12232558

>>12231143
Looking at this, you really must be crazy to think this formation is bullish.

>> No.12232825

>>12231431
Buddy we formed the left shoulder and head fucking perfectly. Right shoulder is forming nicely too

>> No.12232849

>>12231225
Correct chart.

Love,

Lain

>> No.12232858
File: 184 KB, 483x470, 37C4795F89A4404A933678ADE7CA1D6B.png [View same] [iqdb] [saucenao] [google]
12232858

>ta on a 6 candle chart