If youre not long youre wrong.

[Anonymous No.14760991]

We have just bounced of off 3 important confluence lines....do with this info what you will....
t. Your friendly ghost of TA....

[Anonymous No.14761040]

>>14760991
>do with this info what you will

I swear this phrase is the "Do the needful" of larper "insider" whalefaggots.

[Anonymous No.14761080]

We're about to bounce
test 12.9
fail
and then dump to 9.5.

screenshot this.

[Anonymous No.14761089]

>>14760991
wow a triangle
they never break down

[Anonymous No.14761192]

>>14761089
no faggot thats not what this is about....what this is about is the risk reward ratio which is fucking fanstastic right now...

[Anonymous No.14761211]

>>14761040
youre right anon, sounds gay...anyway i was posting yesterday telling anons to go long, which makes me a good person (just to prove im not a pajeet).....

[Anonymous No.14761218]

>>14761192
you just made this shit up

[Anonymous No.14761223]

>>14761080
im caping it, will post in a few days

[Anonymous No.14761352]

>>14761218
explain to me how the r/r ratio isnt pretty good right now?

[Anonymous No.14761695]

>>14761352
He can't because he's a fucking moron.

[Anonymous No.14761741]

I got BTFO on my long entry about 12 hrs ago and am barely hanging on in the trade. The 1hr chart is looking VERY juicy though.

[Anonymous No.14761879]

so youre just gonna ignore this shit here?

[Anonymous No.14761893]

>>14761879
i'm pretty bearish on BTC but H&S don't seems to work on Bitcoin

[Anonymous No.14762162]

>>14761879
...probably

[Anonymous No.14762192]

tick-tock tick-tock

[Anonymous No.14762214]

>>14762192
drawing memelines in scamniggers HQ

[Anonymous No.14762223]

>>14762162
doesn't have pic related this time tho ...

[Anonymous No.14762383]

Way too many people want the price of BTC to come down right now. Its probably not going to dump... Even if literally everything indicates it could and should.

[Anonymous No.14762427]

>>14762383
dude have you seen peoples on youtube and trading view ?
sentiment is overwhelmingly bullish right now

[Anonymous No.14762450]

>>14762223
you might have a point, fine sir

[Anonymous No.14762464]

>>14762214
its the same shit as coinabse ora anything else....if bitmex follows spot exchanges than i see no reason to not chart bitmex.....if it deosnt and it unironically leads the market - than i dont see any problem charting bitmex again...

[Anonymous No.14762548]

>>14761879
There's no uptrend leading into it.

[Anonymous No.14762706]

Looking at the daily chart and the weekly chart. MacD and RSI is about to crash unless there is a huge rally

[Anonymous No.14762831]

>>14762706
rsi on the daily looks like shit indeed

[Anonymous No.14762854]

>>14761211
even pajeet is right once in a while

[Anonymous No.14762875]

this must hold otherwise ...

>>14762831
look at the weekly if we don't pump we're going to close a second red shooting star

[42 No.14762911]

>>14760991
>continues to crab
>frantically readjusts meme lines before posting new thread
See you tomorrow, fren

[Anonymous No.14762956]

>>14762383
Nobody is going to buy in at these prices, nobody to dump on.
Fine! Ride this shit sideways forever.

[Anonymous No.14762973]

>>14762875
Still over 1 day to weekly close

[Anonymous No.14763005]

>>14762973
it need to close above 13k to avoid the shooting star ...

[Anonymous No.14763014]

TA not work in a market with a tether printer

[Anonymous No.14763015]

here it goes....double bottom or straight into the abyss

[Anonymous No.14763104]

>>14763005
Just having a wick doesn't mean it's a shooting star. Single candle signals like that tend to fail in this market as well.

>>14763015
you what?

[Anonymous No.14763162]

>>14760991
Shit like this is the reason TA has a bad rep. This is terrible TA, basically a meme. I'm not saying BTC isn't likely to go up, but not because confluence of whatever.

[Anonymous No.14763172]

>>14763104
> you what?
look at the chart....broke the "bear flag" on the small time frame but bounced frow previouvs low.....lets see how this hourly candle closes....but for now looks nice

[Anonymous No.14763175]

>>14762875
>>14763005
desu i thought the same 2 weeks ago when we formed the first one yet we went up ánd closed the next one higher. from the looks of it btc just doesnt give a fuck in terms of candle formations, so why would it be care aabout a second one now

[Anonymous No.14763186]

>>14763162
please explain...if you get multiple lines meeting at one point or multiple indicators telling you the same thing.......how is that not confluence? what else would you base your buying/selling (or margin trading) decisions?

[Anonymous No.14763199]

>>14763172
I read 'or' as 'and' cause i'm retarded. Carry on.

[Anonymous No.14763202]

>>14763104
doesn't look good tho

[Anonymous No.14763226]

>>14763186
because they can just print tether >>14762223
and pump it regardless

[Anonymous No.14763238]

>>14763175
>>14763202
and yes i get it if we form another one it just shows that theres still tons of sell pressure. so why didnt we dip last week?

[Anonymous No.14763285]

>>14763238
they have printed 400M usdt since jully first https://twitter.com/usdcoinprinter

[Anonymous No.14763311]

>>14763238
You remember the big sell wall with +7000BTC in Binance?

Whales are taking profit. I already saw this in 2017.

[Anonymous No.14763342]

>>14762162
https://www.tradingview.com/x/as1N1qTu/

[Anonymous No.14763358]

>>14762162

[Anonymous No.14763379]

>>14763311
yes i did. i was watching it getting chewed away til the bulls gave up and we ended up dipping
>Whales are taking profit. I already saw this in 2017.
why wouldnt they just slowly market sell the coins instead of fucking up the whole trend?
also, why cant they just print another $500mil and deny the shooting star again? why are you certain this ones gonna play out? sorry if i seem like a brainlet but im trying to learn here

[Anonymous No.14763392]

>>14760991
Except your bottommost orange line is based on literally only one datapoint, the day of the big crash below 10k, so if the price goes lower you can just adjust your lower line down

Which is in fact what you kinda did, seeing as all your lines touch candles, and not wicks, except curiously that last bit of that orange line
It actually looks like we've already broken your bottommost orange line too, if you go by candles and not unreliable wicks

[Anonymous No.14763457]

>>14763379
>also, why cant they just print another $500mil and deny the shooting star again? why are you certain this ones gonna play out? sorry if i seem like a brainlet but im trying to learn here
the court hearing is approaching and this shit is already pretty ridiculous
I wouldn't be surprised if they did tho

[Anonymous No.14763465]

>>14763379
This sell wall created an upward presure maybe to put safe shorts in Bitmex.

Then they created a downtrend with a tether buy wall a few hours later.

[Anonymous No.14763575]

>>14763457
i hope they just get this shit over with and tether and bitfinex will leave this space. though i gotta say the tether pumps were pretty noice to ride
in addition to this comment >>14762427
i dont think the market makers quantify the current market sentiment on some youtube shill who just wants to make a quick buck like pic related. from what i can gather they are monitoring twitter (and maybe even /biz/) the most

>>14763457
i see

[Anonymous No.14763629]

>>14763575
meant to reply to 14763575

[Anonymous No.14763678]

>>14763457
i hope they just get this shit over with and tether and bitfinex will leave this space. though i gotta say the tether pumps were pretty noice to ride
in addition to this comment >>14762427
i dont think the market makers quantify the current market sentiment on some youtube shill who just wants to make a quick buck like pic related. from what i can gather they are monitoring twitter (and maybe even /biz/) the most

>>14763465
i see

[Anonymous No.14763806]

>>14763678
>i hope they just get this shit over with and tether and bitfinex will leave this space.
that's gonna be a massive hole if this all goes out the window, 1k isn't impossible at that point
I don't think it will happen finex is founded by Wall Str boys after all they will find a way to stay alive theys might have to burn a shit load of tether tho, and that will also crash the price

[Anonymous No.14763999]

>>14763806
alright
thanks for the explanations. appreciate that

[Anonymous No.14764226]

this thread aged badly, kek

[Anonymous No.14764253]

RIP OP

[Anonymous No.14764421]

Long underwater?

[Anonymous No.14764478]

Close below 21 daily ema is deadly.
Btc has 6 hours to recover.

[Anonymous No.14764753]

>>14764478
yup
in fact closing below 21d ma is a huge red flag

[Anonymous No.14764797]

>>14764753
we already did that several times a month ago
that mean nothing in a tether market

[Anonymous No.14764843]

>>14764797
it's a red flag, and sure, it can actually prell there and go up, but still if you look back statistically you are better off taking profit at that point, and buying back when a whole candle is above the 21d ma

[Anonymous No.14764862]

>>14764843
also add to that recent weeks volatility historically signals tops.

[Anonymous No.14765188]

RIP OP, ANOTHER "MUH TA" LEFT HANGING ON THE ROPE

[Anonymous No.14765295]

Just longed right now

[Anonymous No.14765376]

>>14765295
balls of steel man if this closes below $11200 i'm taking profit and short

[Anonymous No.14766115]

>>14765295
RIP

[Anonymous No.14766150]

>>14766115

[Anonymous No.14766159]

looking for a small bounce at the next support level at $10600. pretty risky though

[Anonymous No.14766171]

Yeah this thread didn’t age well. 10.8 k and freefalling. When will ppl understand that ta doesn’t work in a unregulated highly manipulated market?

[Anonymous No.14766194]

>>14766171
thats a retarded thing to say, yes btc doesnt give a fuck about stuff like rsi, macd, stoch etc. but every tradeable asset has some sort of support or resistance area so theres that

[Anonymous No.14766201]

Dumb money doing toddler TA thinking its going to pump just got destroyed by smart money TA who knew this was a giant bull trap for months. Get ready for the new bottom bullfags.

[Anonymous No.14766206]

>>14760991
I am financially ruined

[Anonymous No.14766207]

>>14760991
NOOOOOOOOOOOOOOOO FUCKKKKKK

[Anonymous No.14766228]

>>14762548
/biz/ doesn't even know classic investopedia patterns that fail 50% of the time to begin with.

[Anonymous No.14766233]

Target $8500

[Anonymous No.14766241]

>Target $8500

just checked the charts - this is correct

[Anonymous No.14766266]

Literally tanking.

[Anonymous No.14766273]

>>14766201
this, OP is an absolute fucking retard and of course won't return to his thread.

[Anonymous No.14766287]

>>14766228
>>14762548
what are you talking about it worked out perfectly you brainlets

[Anonymous No.14766309]

>>14764226
oops

[Anonymous No.14766317]

I was pretty on point 2 days ago

[Anonymous No.14766331]

>>14766287
they're literally addle-brained bulltards praying their 13k+ bags won't result in a month-end roping, pay them no mind

[Anonymous No.14766471]

>>14761080
>>14761223
try a few hours

[Anonymous No.14766742]

Hurry up and panic sell and drink yourself to sleep so we can pump it back up to 13k

[Anonymous No.14766801]

>>14762223
You do know that's not how it works right?

They print Tether because people are selling BTC, not to buy BTC. Tether isn't backed by BTC at all and they're not blowing Tether by buying BTC; it's paper that people are buying with BTC.

[Anonymous No.14766835]

>>14766801
you're a moron
they print USDT to buy the btc and pump the price, they tried to create fomo and it failed normies aren't buying this time

[Anonymous No.14766877]

>>14766801
>Tether isn't backed by BTC at all
yeah, there's quite a list of things Tether 'isn't backed by at all' nowadays

[Anonymous No.14766922]

>>14766835
Are you stupid? Look at the correlation. Tether and BTC aren't causing price to change for one another, only the volume of transactions is tied to one another. As people sell out of BTC, they take profit in Tether to buy back into BTC. But Tether itself doesn't need to buy BTC because they'd just be blowing their fake money on something they don't need. Binance is acting like a bank, issuing scrip that others will buy with BTC so they can enrich themselves, not to increase "reserves" backing tether, but to take profit in fiat or exchanging it directly for property. Tether's printing is dependent on demand from the market, the dumbass traders who think they are dodging taxes by exchanging BTC for Tether when they're selling BTC for worthless scrip.

[Anonymous No.14767059]

>>14766922
>Look at the correlation

> October 2018 1B tether is being burn
> btc drop to 3k
> November 2018 start the printing again
> btc bottoms
> April 2019 start the turbo press print batch of 100M
> btc skyrocket in a 400% parabolic move

that's the correlation faggot, beside the NYAG investigation has already proven that bitfinex essentially print tether then loan it to trader
the USDT is literally backed by nothing but the hope of future gains. which isn't hard when you can just buy an asset and make it go 400% up

[Anonymous No.14767821]

>>14767059
this last pump was people exiting tether (buying corns) due to the fud, and using this pump to cash out into fiat

[Anonymous No.14767842]

>>14767821
moral/lesson: tether fud causes btc to pump not to dump

[Anonymous No.14767850]

>>14767821
they just printed 5B USDT retard

[Anonymous No.14767862]

>>14762223
*ahem*

[Anonymous No.14767885]

>>14767862
this is going to crash it so hard now

[Anonymous No.14767901]

>>14767850
high demand for USDT because btc price is high as fuck. Most people buying btc are looking to sell into fiat they dont trust tether, but many still trust it therefore the demand

[Anonymous No.14767938]

>>14767901
you're to fucking retarded to understand what's happening
finex printed 5B USDT by mistake and the price just pumped because the market immediately reacted to the new now they will see that it was a mistake and it will dump

[Anonymous No.14767957]

Just sold
Thanks

[Anonymous No.14767979]

>>14767938
its you who doesnt understand. Everyone is thinking and saying the same as you, "muh tether printing" "muh endless fake dollar injections", therefore each time new tethers are printed in mass people are looking to gtfo of the market -> buy btc -> sell into fiat, cause all this shit could come down anytime

[Anonymous No.14767989]

>>14767938
Not a mistake. This fake money minted has avoided a dump to $8,500

[Anonymous No.14768000]

>>14767938
>>14767979
if you are holding thousands or millions of USDT and you see a zillion tether being printed what are you gonna do stay in tether? no you'll buy btc to gtfo

[Anonymous No.14768017]

Never sold anything. Only bought and holding. I'll see how I'm doing in 10 years.

[Anonymous No.14768028]

>>14767850
>>14767862
saved by the bell btc above 21d ema

[Anonymous No.14768046]

>>14767989
yes it was a "mistake" to avoid closing the daily below 11200

[Anonymous No.14768068]

>>14763186
Trend lines are for new traders.. resistance and support are what you should learn to start trading

[Anonymous No.14768083]

Actually OP wasn't too far off. He just had to adjust his bottom meme line a little bit. The pennant will close around the time bakkt launches.

[Anonymous No.14768102]

>>14768046
magical timing

[Anonymous No.14768200]

I've looked at all the weekly candles from April '13
on. There is not a single one so fucked up like the two from the last 3 weeks.

[Anonymous No.14768243]

>>14768200
the one from 17/12/2017 is pretty fucked up

[Anonymous No.14768307]

>>14768243
No, even then there was like 30% demand.
However, they have 23 hours to fix it.
There will be blood, lots of it.

[Anonymous No.14768359]

>>14768307
So what you're saying is this will crash hard?

[Anonymous No.14768369]

>>14768307
dude look at the 17/12/2017 week
btc drooped 50% from 20k to 10k, I saw that shit live it was the most insane thing I've ever seen

[Anonymous No.14768433]

all this talk of crashing, makes me think they gonna pump this shit even more just to fuck with us plebs

[Anonymous No.14768454]

>>14768369
I saw it too but look at the fucking chart.
It dumped but went up to 17250 Jan '18.

[Anonymous No.14768480]

>>14768369
You forget the dump to $6,000 in January? Most normies leaved crypto that day.

[Anonymous No.14768481]

>>14768454
the panic was unreal I remember selling my ltc and reburying 20% more 5 min later
this kind of volatility is where fortunes are made

[Anonymous No.14768530]

>>14768481
I bought december 17 when the smart money left.
Turned 5k into 12k within 2 weeks but lost it all later in 2018.

[Anonymous No.14768558]

I've been saying it for ages. 10k soon.

[Anonymous No.14768580]

>>14768530
I bough before that
but it was an amazing moment to trade the swing were so violent you could make 100% gain just buying the dips end selling 30 min later
I must have slept like 2h/day for 2 month back then
I lost it all eventually because i fell for the "crpto is more valuable than usd" meme so I was trying to get btc instead of usd

[Anonymous No.14768616]

>>14768558
BTC already flirted with 10k twice in the last couple days. It's on the downtrend for a bit. Maybe it'll go higher after that but the bottom is lower in the near future

[Anonymous No.14768770]

>>14768616
confirmation traders are trucking retarded tho, it this thing hold above 11200 they will take it as a bull signal and buy
40 min to go

[Anonymous No.14768918]

>>14768770
not exactly how it works
not selling != buying

[Anonymous No.14768968]

>>14768918
result is the same
it break the bearish momentum

[Anonymous No.14768991]

>>14768968
for now new day new opportunity

[Anonymous No.14769014]

>>14768991
this shit piss me off so much
crypto was supposed to fight the system no become it's degenerate child

[Anonymous No.14769084]

>>14769014
it's still in it's infancy manipulating it will be a lot harder once the price goes above $300k

[Anonymous No.14769177]

>>14769084
> 15 min and it's pumping
I'm not gonna sleep well again

[Anonymous No.14769584]

>>14769177
i'm short too but i will sleep like a baby

[Anonymous No.14769651]

AAAAANNNNNNDD i's done
fuck this i'm out, gonna get me some hooker, i'm tried to be the one getting fucked right now

[Anonymous No.14769688]

>>14769651
lol chill and stop using leverage you degenerate

[Anonymous No.14770043]

>>14769688
leverage is a tool to protect your investments and your account
stop blaming leverage for incompetence!