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/biz/ - Business & Finance

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18740366 No.18740366 [Reply] [Original]

You don't need to "watch it" and "do TA" to predict major price moves
All you needed to do in 2018 was hear "$20k top" and be able to reasonably assume about a $4k bottom, or drawdown of about 80%
Or hear "$13k in summer 2019?" Probably too high and too early yet, expect a return to the mean
That's the way I "trade" myself, hardly ever even looking a charts just checking the daily price once in a while

Just like this time around, with the halvening coming up this throws a wrench into things, but normally you would simply think "hmm, worldwide recession going on and major stock crash, plus btc on an upward weeks long winning streak with no corrections?" Probably time for some downside after fighting the $8k resistance

tl;dr: Go all in at 2.8k

>> No.18740430

It was at 20k and 13k for just a few hours.

>> No.18740562

>>18740366

Wow good job you learned how to swing trade

Now realize that there's much more alpha in the market than what you've just described, stupid faggot

>> No.18740574

stfu

>> No.18740647

>>18740366
checked. cap this. Will be the next accurate larp

>> No.18740736

>>18740366
I think 3k is a safer bet. 2.8k is a little greedy.