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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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19223956 No.19223956 [Reply] [Original]

Lmao

>> No.19224016

>>19223956
>memelines

>> No.19224040

>>19223956
70-80% chance for a dump & retest indeed

>> No.19224051

>>19223956
>mom i drew it again

>> No.19224129

>>19223956
Just keep waiting for those bids to teehee

>>19224063
You can't predict shit with Bitcoin being above all major moving averages and consolidating under long term resistance.

Your "prediction" is wishful thinking as long as Bitcoin doesn't break major support

>> No.19224145
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19224145

>>19224016
>>19224051
>ALL ANALYSIS IS MEME LINES!!!! NOOOOO YOU CANT JUST PREDICT LIKELY PRICE SWINGS BASED ON RECURRING PATTERNS!!! PRICE MOVEMENTS ARE ENTIRELY RANDOM!!!!111 JUST DCA!!!!

>> No.19224169
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19224169

>>19224129
>You can't predict shit with Bitcoin being above all major moving averages and consolidating under long term resistance.
>Your "prediction" is wishful thinking as long as Bitcoin doesn't break major support

>> No.19224537

Trendlines often line up with areas of high volume which make them support/resistance zones and give some validity. That being said, BTC is $6 away from acheiving a Golden Cross on the Daily chart. That is usually incredibly bullish and the farther out the time frame the more significant the move tends to be.

Even with the gap at 3500 im not so sure we will see that range again, I think Corona as a Black Swan event overrides it and cancels it out.

If you look at the daily charts we had a Golden Cross on the Daily right before Black Thursday, literally a few days prior. We were going to moon and then the market tanked.

>> No.19224559

>>19224537
Yeah, Bitcoin tends to bump on golden crosses

>> No.19224593

>>19224559
Dump*

>> No.19224610

not me. Coronachan will stop bitcoin right in its tracks soon

>> No.19224654

dont bet against coronachan. Just wait until it gets announced that its permanent, tha panic will be off the charts

>> No.19224656

>>19223956
>Breakout
>"top"
lol

>> No.19224674

>>19224537
>he thinks the virus is over
LMFFFFFFAO

>> No.19224685

>>19224559

You are right it does tend to dump right after the cross, and then within 2 weeks it pumps hard. Its not guaranteed that it dumps on the cross in the short term though

>> No.19224689

Fuck me
I just want this shit to hit 10k again to sell my 4.39 meme coins without remorse

>> No.19224731

>>19224674

I don't think the virus will affect the market much until fall and we get fear of a (((second wave))). That dump was the most manufactured price manipulation I've ever seen.

>> No.19224733

>>19223956
You realize TA has been proven time and time again to be junk right? Literally ever "signal" has a scenario that is the complete opposite.

>> No.19224768

>>19224733
Wrong. People who play these multi year macro structures are consistently in profits. The only retards getting BTFO are the ones trying to draw patterns on small time-frames

>> No.19224819

>>19223956
This and ARPA both look like they are about to pump desu

>> No.19224858

>>19224768

This is correct. Trendlines on macro time frames show high volume accumulation zones. If you want to trade on small time frames with any advantage you have to use On Balance Volume. Its slight at best but will tell when a breakout is happening or run is ending. Price always tends to revert back to the point of control or highest volume block. Indicators based on volume are the best imo as they tend to not be lagging and are related to the present. I also like VWAP.

>> No.19224891

>>19223956
>who?
People who don't care about waiting a year for the investment to pay off. For example I hold for 12 months my CGT is cut in half.

>> No.19224942

>>19224891
Ok, but you could have likely bought twice as much in a few months. Plus, the market cycle top is probably not going to be until 2022 at the earliest , so your 12 month CGT would have still been intact except you would have had a much better entry

>> No.19225789

>>19224537
not to mention pre halving $3k is now at $6k

>> No.19225831

>>19225789
That's not how it works, sweaty. It can just as easily dump to $3K. Even $1K. Satoshi is selling his coins now, which is bigger than Coronachan