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/biz/ - Business & Finance

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File: 56 KB, 1258x560, collapse.png [View same] [iqdb] [saucenao] [google]
25165402 No.25165402 [Reply] [Original]

That was a textbook rejection at $24.8k. Expect a -75% collapse in very short term

>> No.25165421

Should I short now or wait for it to retest 24.8k?

>> No.25165428

>>25165402
B-b-but anon said bitcoin would never see 10k again

>> No.25165429

You're fucking retarded

>> No.25165438

>>25165402
What was so textbook about it?

>> No.25165441
File: 29 KB, 550x360, 1608780921720.jpg [View same] [iqdb] [saucenao] [google]
25165441

>>25165421
Thatvwas the retest

>> No.25165445

>>25165402
That red line makes my cock throb. COME ON DUMP BITCORN DROP TO YOU KNEES AND TAKE MY CASH FGT

>> No.25165447

Commence the golden Alt season and sideways btc

>> No.25165469
File: 12 KB, 487x278, file.png [View same] [iqdb] [saucenao] [google]
25165469

>>25165402
Look at the S2F model, you dumbfucks.
Of course i won't go up there yet.
Miners probably have bots selling whenever it goes up there.

>> No.25165551
File: 517 KB, 1066x1052, vindication.png [View same] [iqdb] [saucenao] [google]
25165551

>>25165402
Sorry I dont take financial advice from poopoos

>> No.25165562

>>25165402
The hodl test.

>> No.25165564
File: 87 KB, 1258x560, Untitled10_20201225163019.png [View same] [iqdb] [saucenao] [google]
25165564

>>25165402
>That was a textbook rejection at $24.8k. Expect a -75% collapse in very short term

>> No.25165569

>>25165469
Post link to this chart.

>> No.25165582

>>25165402
More bobo posts=more pump!
Do this pls!

>> No.25165598

>>25165564
I like this chart better

>> No.25165599

>>25165569
No, nigger. Look it up.
I won't do your work for you, newfag or you're ngmi.

>> No.25165696

>>25165402
I think they are about to shove a textbook green candle up your ass

>> No.25165947

>>25165469
>Look at the S2F model, you dumbfucks.
>dumbfucks
OK, I believe you. S2F FTW!

>> No.25165973

>>25165469
Give us a link you stupid fuck

>> No.25166002

>>25165973
I'll never spoon feed you, newfags.

>> No.25166292
File: 161 KB, 2020x1416, btc.png [View same] [iqdb] [saucenao] [google]
25166292

.

>> No.25166308

we need this to go higher before the dump

>> No.25166329

>>25165402
not possible. Any "rejection" will be eaten up in a few years if you just hodl. BTC =/= altcoins it has nothing stopping it

>> No.25166345

>>25166329
who has time to wait years grandpa

>> No.25166353

>>25165402

Thanks for the heads up!

I just sold all of my Chainlink :)

Phew, that was a close one.

>> No.25166418
File: 99 KB, 750x459, 2D1FCA55-D6FE-4F5F-9938-7B2683BDC7EE.png [View same] [iqdb] [saucenao] [google]
25166418

>> No.25166427

>>25165402

>mfw still in profit if that happens
Get rekt newfags

>> No.25166444
File: 1.37 MB, 1190x1690, Bitcoin 2021.png [View same] [iqdb] [saucenao] [google]
25166444

>> No.25166448
File: 190 KB, 2048x977, bitcoin-long-term-buy-band-2048x977.png [View same] [iqdb] [saucenao] [google]
25166448

>> No.25166464

>>25166002
Please sirs

>> No.25166501

holy cope

>> No.25166678
File: 85 KB, 1554x866, lZBoYmgQ.png [View same] [iqdb] [saucenao] [google]
25166678

>imagine not understanding that bitcoin will achieve a half-million in 2021

>> No.25166749

>>25166444

>> No.25166819

>>25166292
post the update

>> No.25166886

>>25166418
Time traveler

>> No.25166914

>>25166678
What will the price be in 2040?

>> No.25166993

>>25165402
Institutions are buying up all the dips. Those faggots will never let us have a proper dump anymore.

>> No.25167004

>>25166678
All technical analysis is equally false.

>> No.25167030
File: 271 KB, 800x884, 1607562642168.png [View same] [iqdb] [saucenao] [google]
25167030

>>25165402
>please stop going upp!!

fuck off retard

>> No.25167037

>>25165402
You could draw this chart any time over the last month retard

>> No.25167081

HOLY FUCK GUYS ITS PUSHING UP

Well the sell wall after 24800 is huge and it's gonna go down but man, some people are really trying hard to push the limit

>> No.25167116

>>25167081
what sell wall?

>> No.25167138

>>25166678
>>25166678
https://www.forbes.com/sites/billybambrough/2020/09/30/serious-warning-issued-over-300000-bitcoin-stock-to-flow-price-model/?sh=1a9535526989

>> No.25167144
File: 48 KB, 398x396, 2020-12-26_02-44.png [View same] [iqdb] [saucenao] [google]
25167144

>>25167116
this one

>> No.25167154

24.8 resistance rekt. 25k coming soon.

>> No.25167162

>>25167144
Imagine having 448 BTC.

>> No.25167186

>>25166418
Holy shit that donation address first received coin 2014-10-20, solid prediction

>> No.25167208

>>25167144
when it comes time it'll be eaten up just like 24800-24900

>> No.25167223

>>25167208
Yeah I just expect the price to go down before. I'll buy the dip, this is unsustainable rn

>> No.25167244
File: 60 KB, 227x222, file.png [View same] [iqdb] [saucenao] [google]
25167244

>>25165402
I hope you are right, I am getting very nervous having sold a couple days ago.

>> No.25167249
File: 234 KB, 702x1013, 1608762827167.png [View same] [iqdb] [saucenao] [google]
25167249

The absolute cope of Bitcoin bears and shitcoiners. That sound you hear is the airlock closing.

>> No.25167253

>>25167162
it's not all one person

>> No.25167264

>>25167223
it will be a small dip if it does

>> No.25167268

>>25165402
Mommy I drew a line today

>> No.25167290

>>25166418
It's not at 85-90K right now.

>> No.25167296

>>25166914
World ends in 2023

>> No.25167459
File: 130 KB, 900x920, y5h2wfht2d911.jpg [View same] [iqdb] [saucenao] [google]
25167459

guys, I only have 1.5 BTC and 15k worth of GBTC in my boomer account, I wasn't ready, I should have put in my last 5k shouldn't I??? FUCK. My only regret is not buying more.

>> No.25167487
File: 209 KB, 2450x691, file.png [View same] [iqdb] [saucenao] [google]
25167487

"BUY ETH GOYIM"

>> No.25167491

>>25167459
No. As expected it's being pushed back and the 150btc@24950 are back already. It was a very nice try but it's not gonna break it right now.

>> No.25167504

>>25165469
the 463 days is a kind-of-best-fit smoothing of the model so it may not stand currently. we were also undershooting it pretty strongly the last few months as well so that smoothing value could still work in a least-squares sense while we overshoot it for the next few months then slow down.
>>25166002
>>25165569

https://digitalik.net/btc/

>> No.25167507

>>25166678
thats not a half million

>> No.25167517

>>25167487
Fuck you I just bought 3k.

>> No.25167525

25k on December 25th, it's a meme that manifests itself.

>> No.25167526

>>25167290
It wasn't $1,000 at 24-04-2015 either midwit.

>> No.25167547
File: 400 KB, 468x408, 1606400448871.gif [View same] [iqdb] [saucenao] [google]
25167547

>>25167487
OH NONONONONONONONONOONONO

>> No.25167563

False breakout

>> No.25167601

>>25165402
>textbook rejection
the amount of hopium is off limits

>> No.25167610
File: 123 KB, 1000x1000, mean_bull.jpg [View same] [iqdb] [saucenao] [google]
25167610

>24.91
I'll be taking THAT

>> No.25167617

I have 2 BTC and $100k cash. I need the cash for property. Should I put the cash into BTC now instead? And then wait with the property/sell some of the BTC in a few months?

>> No.25167771

>>25167617
No anon, be careful at ATH

>> No.25167846

>>25167617
the question is do you want to risk your property?
right now that is guaranteed

>> No.25167850

>>25167617
Yes. Still lots of time in the bull market. Will go to 50K at least.

>> No.25167861

>>25167617
Just keep your cash and wait for a dip. Speaking from experience, its better to wait and buy the dip -- than it is to buy indiscriminately and then HODL while you're down 30% for weeks or months.

>> No.25167871

>>25167771
>>25167846
Thanks. You guys are right. I shouldn't gamble with that. If BTC drops, I couldn't afford the house and it'd set me back. Gonna chill for now and continue just buying a little bit of BTC every week/month.

>> No.25167897

>>25167617
The top is almost near when people are FOMOing in their life savings

>> No.25167912

>>25167861
>HODL while you're down 30% for weeks or months
Not a real cryptofag until you have done this. Only steel hands make it.

>> No.25167927

>>25167850
What gives you that insight? Wouldn't it seem the whole world market is ready to take a fat ass dump?

>> No.25167949

>>25167871
i bought in march 2020. now my problem is taking profit.
For rebuying I wouldn't all in again until it hits 6k. if it doesn't go there I wouldn't regret it.

I would buy some at 14k and 10k though.

>> No.25167961

>>25167927
Halving cycle still has months of bullish upside to go. The world is about to dump into Bitcoin.

>> No.25167963
File: 261 KB, 888x894, 1607987573582.jpg [View same] [iqdb] [saucenao] [google]
25167963

>>25167861
>>25167912
Based and HODL-pilled.

>> No.25167970

>>25165402
Definitely going down to 16k again, very based

>> No.25167981

>>25167861
Who has time for that? I would rather just buy randomly and assume the price will be 5x in a few years.

>> No.25167985

>>25167949
>I would buy some at 14k and 10k though.
Unlikely to happen. 20k is now solid support and there's hundreds of billions of announced institutional investments on deck for Q1

>> No.25168005

>>25167981
If the price falls to 15 K you could double your returns.

>> No.25168021

>>25166993
This, and it should scare the fuck out of every person on this board who isn't already stacked out with BTC

>> No.25168038

>>25167985
Don't think it's impossible, there's plenty of derisking and profit taking too, all it takes is a shift in sentiment. If the majority of institutional holdings was bought at 10k, what's stopping them from selling for an easy 3x profit.
This institutional/ETF argument was the exact same in 2017, search through the archives you'll see the word everywhere. Don't always believe the narrative.

>> No.25168039

>>25168005
It is impossible to predict such a thing. If it does happen then given that I am buying random, I will buy more then as well.

>> No.25168051

>>25168021
>it should scare the fuck out of every person on this board who isn't already stacked out with BTC
This isn't 2017, and some people haven't figured that out yet. There's an institutional put under Bitcoin's price now. They will trade to create better entry points for their investors, but big dumps are off the table for a while.

>> No.25168100

>>25168038
>2017
There was zero institutional interest in 2017. Go back and look at CNBC/Bloomberg clips from then. They were all (accurately) calling it a retail FOMO bubble. Now the same cast of characters are predicting 300k-400k price targets for next year.

>> No.25168126

>>25168039
The property is clearly more important.
Go with that.

>> No.25168184

>>25168038
What triggered the collapse last cycle? How fast was it? I was into coins a bit 2014-2015 but by 2017 they weren't even on my radar anymore. Only in the last month did I take interest again.

>> No.25168226

>>25168184
bunch of things probably
possibly CME futures
mt gox part 2, the trustee was market selling on the open market plus probably shorting it at the same time

>> No.25168233

>>25168184
The normalfags bought in at a high price and /biz/ sold at a high price. Normal fags didn't want to hodl and started to sell. The so called bank run

>> No.25168236

>>25168100
Yep, other anon is dead wrong. No significant entity in the financial sector took crypto seriously in 2017.
>>25168184
Bubbles always pop at some point, it will happen again but on a larger scale. Institutions will be out and enjoying their bonuses and a vacation by then, they're professionals for a reason.

>> No.25168240

>>25165402
Kek it's capslock anon all over again see you at 300k faggot.

>> No.25168272

>>25168233
>he thinks /biz/ sold high

>> No.25168365

>>25167290
Peaks and valleys, anon. Right now we're actually in a valley.

>> No.25168389

>>25168226
>possibly CME futures
what ever happened to the Bitcoin ETFs?

>> No.25168483

>>25165973
>>25165569
ngmi

>> No.25168514
File: 2.19 MB, 1293x679, Rarer_pepe.png [View same] [iqdb] [saucenao] [google]
25168514

In honor of the new ATH, this is a first time ever pepe.

>> No.25168541

>>25168514
Heckin based and updooterinod kind stranger

>> No.25168585

>>25167927
>fed guarantees liquidity for another year
>markets ready to take a dump

bullmarket is going to extend until at least summer 2022

>> No.25168641
File: 90 KB, 1316x1022, hedgefunds.png [View same] [iqdb] [saucenao] [google]
25168641

>>25168389
never approved, maybe something will happen next year.. it's always dangled as proof of legitimacy
>>25168236
>>25168100
what don't you understand? the same narrative - institutions interested was used at the peak of the 2017 bull. search through the archives and you'll see the exact same arguments being posted today.
though the difference is that a lot more traditional institutions have announced their buys today.
and there were hedge funds trading it in 2017; maybe not insurance funds and pensions like they are saying today, but there was institutional interest purely from a trading perspective

>> No.25168676

>>25168641
>No significant entity in the financial sector took crypto seriously in 2017
Taking my point out of context. Literal whoms don't count

>> No.25168776

>>25167296

Please explain

>> No.25169245
File: 28 KB, 795x603, 25kBTC12-25-20.png [View same] [iqdb] [saucenao] [google]
25169245

>>25167525
Digits don't lie.

>> No.25169380

>>25168641

"This time is different"

>> No.25169394

>>25165402
>this is what aged milk looks like

>> No.25169449

>>25165429
/thread

>> No.25169463
File: 33 KB, 1363x385, adkhakshd.png [View same] [iqdb] [saucenao] [google]
25169463

>>25169394
LMFAO

>> No.25169472

>>25167912
is XRP a good hodl?
> down 45%

>> No.25169611

>>25169472
>is XRP a good hodl?
XRP isn't even crypto.

>> No.25170762

>>25165402
How is it different from "rejection" at 20k?

>> No.25170897

>>25166448
>BTC ath around EOY 2021.
This is what im thinking too. Its the 4 year cycle perfectly. Oct-Dec will be BTC ath around 300k-400k.

>> No.25171020

Why don’t you faggots use a tripcode before making larp calls?
There will be no major correction, we’re just starting.
I’ve not given a single false call this year.