What the actual fuck?

[Anonymous No.15474971]

Why exactly the fuck BTC is back to $10k?

[Anonymous No.15474987]

Get fucked, bobo

[Anonymous No.15474990]

Because that is what it's worth now.

[Anonymous No.15474992]

>>15474971
If you watched some videos about technical analysis in between your favorite anime, maybe you'd know.

[Anonymous No.15475002]

>>15474990
this. also keep shorting bobro. we're going to 1k soon i promise no larp

[Anonymous No.15475010]

>>15474992
>technical analysis
>crypto
Hello, pajeet.

[Anonymous No.15475057]

>>15475010
keep losing money because you're too stupid to read a chart.

[Anonymous No.15475103]

>>15475057

fuck off, nigger.

reading charts without knowing the causes is useless.

you are always reading the effects, not the causes.

with crypto it is useless.

[Anonymous No.15475153]

>>15475103
Bitcoin trades very technically. Even during the bear market, the underlying fundamentals of bitcoin were only getting better. Nothing special happened to the fundamentals in early 2019 to reverse the market. However, if you look at high timeframe charts, you can see that technical reversal patterns were being painted on the charts.

Ignore technical analysis at your own peril. It works great on currencies and commodities, cryptocurrencies included.

[Anonymous No.15475247]

>>15475002
Bitcoin wouldn't be able to get that low.
China, hong kong, argentina, zimbabwe, venezuela are inflating currencies and btc is sucking them up

[Anonymous No.15475267]

>>15475153
stock to flow is an interesting model.
BTC is based on scarcity and supply cutting half. This is why BTC cycle repeats every 4 years

[Anonymous No.15475271]

>>15475153
>Nothing special happened to the fundamentals in early 2019 to reverse the market

Are you retarded? Binance is what was happened.

It was literally their pump.

[Anonymous No.15475279]

>>15475271
what did binance do exactly?

[Anonymous No.15475336]

>>15475271
Binance trading volume on BTC/USDT isn't big enough to move the market like that. For bitcoin, it didn't even matter what any single exchange did. They all had a gigantic multimonth ascending triangle forming. It was ripe for a major reversal.

[Anonymous No.15475344]

>>15475267
>stock to flow is an interesting model.
>BTC is based on scarcity and supply cutting half. This is why BTC cycle repeats every 4 years

This is plausible.

[Anonymous No.15475385]

>>15475336

It was a return of normies. Not like in 2017 levels, obviously, but nevertheless.

Now it is nothing special again, after months of 9-10k and fad is gone.

Reading the past will never tell you the causes by definition.

[Anonymous No.15475403]

>>15475267

Utter bullshit. It is literal astrology bullshit.
Mars has more influence on BTC, and Uranus cycles.

[Anonymous No.15475414]

>>15475403
>daily supply of an asset being cut in half has no effect on price

[Anonymous No.15475434]

>>15475403

Based dumb fag

[Anonymous No.15475483]

>>15475057
You can read it all you want and it won't help you at all, faggot. TA is the biggest meme in crypto
>my TA tells me that BTC will go to X price if Y happens!
>*BTC does something completely different*
>I-I just read it wrong, here is my next prediction!
>*gets it wrong 100x times then gets it right 1x time*
>See? TA works!
Fuck off with this bullshit. Crypto charts are drawn by exchanges printing fake dollars.

[Anonymous No.15475521]

>>15475483

Not dollars, volume.

[Anonymous No.15475809]

>>15475483
Just because you suck at it doesn't mean it doesn't work.

[Anonymous No.15475826]

>>15474971
People are escaping recession into BTC. Gold and silver are for boomers

[Anonymous No.15475842]

>>15475809
Put your money where your mouth is then.
Show me your retarded TA so I can screencap it and laugh at it later when it doesn't come true.

[Anonymous No.15475890]

>>15475153
are we still in the crab market (above the 9300 USDT trendline)? Or accumulation period is over?

[Anonymous No.15476266]

>>15475403
I feel so bad for someone who has to live so retarded ly they don't understand that fear and greed are a fractal echo of the fundamentals.
I literally don't keep up with news ever and I do fine with pure TA.
Why?
because every normie is also trading based on ta and fear/greed. It's a self fulfilling prophecy that you're too angrily autistic to understand. Have fun missing every opportunity because you need the news to be out already to predict anything.
"There's a 75% chance that it's already mooning"

[Anonymous No.15476303]

More money got put into it how dumb are you guys

[Anonymous No.15476312]

>>15474971
>2019
>not knowing bitcoin follows the gold fractal
20k here we come

[Anonymous No.15476396]

>>15476266
>I do fine with pure TA
Stop lying, crypto is so volatile and manipulated by ultra whales that we can literally so to speak go from 10K to 3K and from 3K to like 20K in one single day.
Normal people have absolutely no influence on the BTC pump, the big money is constantly getting pumped and dumped by rich individuals who invest billions into this shit.
The current sudden pump is one of those manipulations and TA wont help you here.
If a couple whales decide to do a coordinated dump, then we can even reach sub 3K at this point.

[Anonymous No.15476408]

>>15474971
it's a nice even number

[Anonymous No.15476527]

>>15476396
Those ultra whales are literally painting the chart to attract liquidity through ta you absolute poor.

[Anonymous No.15476539]

>>15475103
What the fuck are you talking about? Charts work.

[Anonymous No.15476597]

>>15455109

[Anonymous No.15476618]

>>15475842
It looks messy as fuck, but that's what active trading looks like.

[Anonymous No.15476663]

>>15476539
I don't get people who say TA doesn't work. Nothing is going to work 100%, but a little analysis can set up some probabilities in your favor. Certain patterns have a much higher probability of going up than down (and vice versa for their inverses). Support and resistance on major moving averages and major horizontal levels is respected. TA is a tremendous edge to have.

[Anonymous No.15476712]

>>15476396
Whales use TA too. They have to make moves when it makes sense for them. Even their bull and bear traps are set when TA tells them it's safe to fake out the retailers.

[Anonymous No.15476738]

>>15475890
There's a potentially gigantic descending triangle forming. 11k - 11.5k may be a war zone. If the descending triangle can't get invalidated there, we're probably looking at more downside long term. If BTC gets near 11k, keep an eye on it. It's got to break that descending trendline convincingly to initiate serious bullish continuation. There's a good chance it won't be able to do that, but you never know until that battle resolves itself (in a few days from now).

[Anonymous No.15476756]

>>15476618
Then why did you buy $800 higher than I did?

[Anonymous No.15476791]

>>15476756
Back on August 31, I thought it would double dip into the pink zone I outlined. I had buys ready, but it didn't go as low as I thought it would. My entry is embarrasingly late, but it's still in profit. I need to learn to be more decisive. I didn't think it was going to slice through 10.2k like it did either. I unerestimated the power of this pump bigly.

[Anonymous No.15476794]

>>15475336
>it didnt matter what a single exchange did
What makes you think it was a single exchange?
You had tether printing, bitfinex declaring it lost 800m and a weird as fuck binance insider hack. Then btc went x3 in just as many mths. I remember somthign funny happening at bitmex too

[Anonymous No.15476871]

>>15476794
The correlation betwen tether market cap and BTC price is an interesting theory, but BTCUSD had its big pump that took it over the 1d 200 SMA on April 2, and tether marketcap didn't grow until after that big $1000 pump.

Again, BTC pumped BEFORE massive tether printing started. Tether didn't initiate the bull run, although it probably helped fan the flames once traders saw that BTCUSD price was over the 1d 200 SMA again for the first time in over a year.

[Anonymous No.15476896]

>>15476794
>What makes you think it was a single exchange?
Also, I was trying to say that I *DID NOT* think a single exchange affected BTCUSD.

[Anonymous No.15476903]

>>15475483
TA works bro. Just print as many lines as u can so that it finally creates support or resisntance in some of those lines.

[Anonymous No.15476945]

>>15476618
>412$ buy order
Impressive. U some whale guy huh?

[Anonymous No.15476997]

>>15476871
>The correlation betwen tether market cap and BTC price
Is pure confirmation bias, a reverse correlation matches the data better. When money moves out of BTC it moves increasingly to tether. When the price goes down it's always bought up soon. The tether tards are managing to delude themselves into actually correlating selling with pumps.

[Anonymous No.15477019]

>>15476945
Don't you know how to read TradingView paper positions? The $412 is unrealized profit. The position size is 1.5 BTC.

But to answer your question, I'm nowhere close to being a whale which I'm sure you knew.

[Anonymous No.15477022]

>>15474971
Welcome to the cryptomarket newfag.

[Anonymous No.15477281]

>>15476663
People say TA doesn't work if they are new, basically. I used to say it as well.

Crypto is TA fucking heaven. Unironically the purest market we have currently and pretty much 100% TA.

[Anonymous No.15477771]

>>15475153
post trades