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/biz/ - Business & Finance

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File: 161 KB, 1215x1029, bobo npc.jpg [View same] [iqdb] [saucenao] [google]
24992316 No.24992316 [Reply] [Original]

>> No.24992614

accepted

>> No.24992722
File: 142 KB, 1288x588, btc.jpg [View same] [iqdb] [saucenao] [google]
24992722

>>24992316
btc is in a rising wedge, it's likely to break to the downside to backtest 20k as support but current channel will get it to 25k first, it's still too early to short imo, especially on volume this low

>> No.24992757

Delusional

>> No.24992790

>>24992722
sorry about the 1h screenshot btw, it's a lot more visible on 4h but i forgot to switch the view

>> No.24992859

>>24992790
its ok nobody with a functioning brain cares about TA anyway

>> No.24992868

>>24992722
>thinks TA matters when economies around the world are burning.

>thinks TA matters when every US financial institution is moving all of their money into BTC.

Yeah, you're right, your meme lines indicate a potential downside to the black scholes eagle nesting point of 20k. Hopefully we can circle back, not boil the ocean and begin to traverse back upwards in order to meet our KPIs for this year.

>> No.24992884

U fucked up BOBO

>> No.24992893

>>24992316
27k projected

>> No.24992905

>>24992316
It's Christmas week. It's going to 30k.

>> No.24992912

>>24992722
oh ive seen that pattern before it's called "the TA retard" yeah that's an important pattern to know that's a big one

>> No.24992927

>>24992859
from my experience ta is the only thing that works on crypto tho (because what ta really is is a psychological analysis of the market sentiment based on available numerical data), ta is all about emotions that go into trading but it's also a self-fulfiling prophecy at this point because all bots trade based on those patterns

>> No.24993042
File: 208 KB, 500x500, 1600491642355.jpg [View same] [iqdb] [saucenao] [google]
24993042

>>24992905
Anons will sell to buy... to buy... to bu oh fuck it we got no life let's go all in.

>> No.24993046

>>24992868
Fundamentals matter long term, not short term
There's only some $2.5 million bitcoins on exchanges which is what really controls the price in the short run
And those exchange bitcoins are essentially held by the weakest hands, traders, and swingers

>> No.24993127

>>24993046
>implying crypto has any fundamentals
trading crypto is literally like trading Tesla or any other meme stock (not nearly as profitable this year I might add), news is only used as an excuse to pump and dump the asset

>> No.24994040

>>24993127
You brainlet nigger, the fundamentals of bitcoin are the only reason we're here
This is not some meme stock or some new technology like some gay next big tech thing.
This is like the Dutch East India Company