/biz/ - Business & Finance

[Anonymous No.4932993]

>blow off top
>followed by three giant black crows
Yep. You guys are fucking dead. Next stop 2000.

[Anonymous No.4933002]

[Anonymous No.4933011]

[Anonymous No.4933012]

>>4932993
Biz won't see this because they use 5 minute candles lmao. Probably think it's recovering

[Anonymous No.4933015]

ho i weed des gwef

[Anonymous No.4933020]

Yup. This shit is unironically 100% done.

[Anonymous No.4933029]

>>4933012
> they use 5 minute candles
No one can be that retarded.

[Anonymous No.4933034]

Went into tether at 13850
Finally did something right in my life for once

[Anonymous No.4933035]

Nice reading of the tea leaves Wang, what else ya got?

[Anonymous No.4933038]

Meh it did basically the same thing around Nov 11. It recovered in time.

[Anonymous No.4933043]

AAAAAAAAAAAAAA IT'S THE 3 RED BOYES. ABANDON SHIP

[Anonymous No.4933047]

>>4933029
welcome to /biz/ - losses in a bull market

[Anonymous No.4933055]

>>4933029
People post with 1 minute candles

Also there are retards like this guy
>>4933035

[Anonymous No.4933063]

>>4932993
Don't you see the bottom heavy spinning dunder on the left? That means it's opposite day for the next 200 candles, scrub.

[Anonymous No.4933081]

>>4932993
same old fud

[Anonymous No.4933094]

>>4932993
>Next stop 2000.
That's still double what it was the beginning of this year

[Anonymous No.4933114]

>>4932993
yep this is the end

[Anonymous No.4933127]

>>4933081
This picture is very accurate. It takes some time to start to see this.

[Anonymous No.4933134]

>>4933081
The classic Enron pattern.

[Anonymous No.4933187]

>>4932993
holy fuck, a blow off top followed by three giant black crows? we're gonna need atleast two Flimsby's Grand Finish's and an Eternal Nocturne to make a recovery.

[Anonymous No.4933203]

You really have to start questioning EVERYTHING that you read here. It easy to start believing something because so many people are repeating it with such confidence... it must be true. Even though I am skeptical, I still have a tendency to react emotionally to the endless emotional appeals and manipulation going on 24/7 here. The only thing that has really helped me get a better grasp is hard knock experience. Studying too, but mostly getting my ass kicked is what has given me a little perceptive, and the ability to discern the bits of truth among the endless bullshit.

[Anonymous No.4933227]

>>4932993
Obvious bear trap.
We are going to 25k after it hits 11-12k

[Anonymous No.4933262]

>>4933187
lmao

[Anonymous No.4933265]

>>4933227
>bear trap

LMAO. You newcoiners crack me up. Feels good having cashed out on 10x gains.

[Anonymous No.4933266]

>>4933134
kek
everything eventually goes down

[Anonymous No.4933277]

>>4932993
Already recovered you dimwit. This is the last chance to buy sub 20k. Next stop 25k. 35k by end of year conservative estimate.

[Anonymous No.4933286]

>>4933187
lol'd

[Anonymous No.4933301]

>>4933127
Nov 29 to Dec 1 looked almost exactly like this.

DTC isn't going anywhere, Chinese companies have already invested millions into it. All the miners are designed for it. Many coins can't be accessed at all without it.

Scardiecats just switched out for more stable coins, they might make a buck back but they probably won't buy in early enough to see a good profit.

Human instinct goes against good investment behavior. That's why so many always buy in around peaks. Peaks only happen because people are buying high. We should all know this by now. BTC has yet to see a low time that it has not recovered form by hundreds of percent. This technology is far from done and this is the core of it. Just hold. Even someone buying for 17000 will eventually see a profit. Don't panic.

[Anonymous No.4933311]

>>4933277
dubs of honesty.

This was just the big scare to allow wallstreet to buy one more dip before the futures trading starts.

[Anonymous No.4933324]

>>4932993

Oh noes! We are back to December 1st prices!

[Anonymous No.4933345]

>>4933277
>Already recovered

Haha what the fuck are you talking about. You can't even begin to consider that it's recovered until the median line has stopped trending down.

[Anonymous No.4933358]

>>4932993
what the fuck does this mean

[Anonymous No.4933360]

>retarded NEET faggot nocoiner attempts technical analysis

why does this get bumped

[Anonymous No.4933365]

>>4933345
>>4933277
>>4933012
Like pottery

[Anonymous No.4933366]

>>4933227
Possibly but highly unlikely

[Anonymous No.4933402]

Oh yup, its sure dead alright! This is a the end of what was the craziest, most rapid pump in the history of bitcoin, with a pump going from what, $13k to $19k in a single day? That is insane and the most obvious pump and dump exchange in the history of BTC. Forget that this pump ever happened, and we're at $13500-$14000, which is, pretty regular and expected for BTC's growth. It hasnt' dropped below $13500 for long, there is strong support for $13500 as a floor.

[Anonymous No.4933412]

>>4933402
>there is strong support for $13500 as a floor.
No there isn't, support is down at 12000

[Anonymous No.4933422]

>>4932993
insider anon here (real one), they are buying up bitcoin (inflating the price) so they can short on sunday night and make a killing.

expect the price to half in the next 48 hours.

[Anonymous No.4933442]

>>4933402
>most rapid pump in the history of bitcoin
had to make that last bit of easy money before futures launch
stop being a noob

[Anonymous No.4933480]

>>4933422
Prove ittt

[Anonymous No.4933492]

>>4933480
His insider info comes from the same source that predicted "the flippening", "project dragonslayer", and "Bitcoin will actually go down in price after Big Bang Theory". I'm sure you're familiar with these rumors and how they all turned out to be totally true.

[Anonymous No.4933514]

>>4933422
>insider anon here

I swear if someone somehow doxxed you, I would do 25 to life over you, not larping.

[Anonymous No.4933523]

>>4933480
i work at merrill lynch, i'm not going to work on sunday just so I can 'prove' i work there.

anyway you'll see in the next day or so.
but if i were you, i'd sell - worst case scenario i'm lying and you can buy back your precious bitcoin 2-3 days from now with a small penalty

[Anonymous No.4933539]

isn't bitcoin technically a net wealth loss for the world since it wastes electricity and computer hardware?

[Anonymous No.4933548]

>>4933523
don't bother with the plebs they have no idea what's coming
tick tock tick tock

[Anonymous No.4933563]

>>4933523
>merrill lynch
>posts on /biz/
that actually makes sense

[Anonymous No.4933565]

>>4933523
i think i work with you. is your name 'assblaster' by any chance?

[Anonymous No.4933578]

You fuckers realise that all this candle bullshit is about as statistically significant and predictive as reading in sheep entrails, right? That's because you can never know how the next candle is gonna look like, and so can only "predict" in hindsight, when the whole pattern becomes visible.

Technical analysis is worthless. If it weren't, there'd be a whole lot of astronomically wealthy neckbeards out there. In fact, all you'd need is to win 51 times out of a 100 consistently to become fabulously wealthy. Most of your bullshit is the same, or worse, as flipping a coin.

[Anonymous No.4933579]

>>4933548
>don't bother with the plebs

Here we have his buddy from PWC, also on /biz posting smug comments

> Hey they don't know what's coming, but we (da insiders casually chillin on /biz) do.

[Anonymous No.4933583]

>>4933565
ITS ASSBLASTED NOT ASSBLASTER
GET IT RIGHT ALREADY
REEEEEEEEEEEEEEEEE

[Anonymous No.4933589]

governments need to ban bitcoin since it wastes resources

[Anonymous No.4933596]

>>4933565
>merrill lynch
>posts on /biz/

nah i usually post on pol, the reason i posted here today is so i can watch you all cry tomorrow/monday - and it gives a certain sense of power that i warned you and you ignored me.

[Anonymous No.4933606]

>>4933579
tick tock tick tock

[Anonymous No.4933616]

>>4933578
What the fuck is wrong with you retard

[Anonymous No.4933622]

>>4933578
What a fucking moron.
Even if TA was bullshit you can go on fundamental analysis and realise BtC is way overvalued

[Anonymous No.4933623]

>>4933596
thankfully I never bought into ponzicoin nor do I frequently browse here

[Anonymous No.4933628]

>>4933606

I know (fellow insider here too, wink wink)

They don't know what's comin to them. Muahahahah!!!!! (thunderclap)

[Anonymous No.4933637]

>>4932993
>hammer
>three black crows

chose one

[Anonymous No.4933650]

>>4933081
not sure if intentional or not but in case anyone can't tell, this graph is literally copy and pasting the same graph over and over. not the actual bitcoin graph.

[Anonymous No.4933656]

.

[Anonymous No.4933664]

>>4933656
11k? Where dat

[Anonymous No.4933670]

>>4933606

>Thinks he's in on something.

[Anonymous No.4933674]

>>4933203
That's because you're an idiot.

[Anonymous No.4933692]

>>4933656
Seems reliable. Will buy in as it starts going up again

[Anonymous No.4933705]

>>4933514
Chill, what this guy says isn't really possible.

There's legit reasons to not like the bitcoin futures, but the idea that they can induce flash crashes aint one of em

[Anonymous No.4933708]

>>4933670
>on something.

[Anonymous No.4933763]

Insider here, btc 100k eoy. Hodl, iron hands

[Anonymous No.4933776]

>>4933523
Holy shit Dave is that you? I forgot to tell you that you are getting laid off on Monday for being terrible at your job. I also fucked your wife in the ass. She’s divorcing you because you’re such a cuck. Merry Christmas

[Anonymous No.4933810]

>>4933622
>even if

It is, its been consistently show to be no better than a coinflip every time someone bothered to study it. Any success people who use it might have is likely from other factors, like experience granting them a degree of resistance to emotional volatility, which is the thing that REALLY influences markets.

>BtC is overvalued

It is, ridiculously so. That's not to say it won't go up for a while yet, though. Because people are retards, and believing in the magic of TA is just one facet of that.

[Anonymous No.4933820]

>>4933187
BTFO, will TA ever recover?

[Anonymous No.4933833]

>>4933708

Oh babby you have no clue...?

[Anonymous No.4933866]

>>4933203
>BTC price dropped 30% in 3 days.
>TA is bullshit, guise. BTC will keep going up forever because I believe it in.

[Anonymous No.4933931]

>>4933523
Go back to work, Andy. The floor must shine when i come to the office oh and don´t forget to clean the toilets.

t. your boss

[Anonymous No.4933936]

do you even ta bro?

[Anonymous No.4933992]

>>4933081
The Chad Fad

[Anonymous No.4934020]

>>4932993
THATS NOT A THREE BLACK CROWS PATTERN YOU IDIOT.
It’s only a black crow if the candle is full. This is a fucking bullish pennant, look at the wicks and the volume. Just consolidation before the next move. 20k before CME bitches

[Anonymous No.4934069]

>>4933029
I've seen TA posts with 1min candles.
Anything is possible on /biz/

[Anonymous No.4934252]

>>4932993
>Flagpole
>wicks
>declining top
Holy shit retard, that's not a blow off top or a three black crows
Are you lying on purpose or as you sincerely confused/stupid enough to think so?

Pic fucking related.
I was checking out the charts b4 it happened, not a blow-off top at all, but a flatlining.

[Anonymous No.4934423]

Also to note. It must be pure coincidence that bitcoin forms a perfect top just ONE DAY before futures trading starts and the big boys come on to slaughter everyone.

[Anonymous No.4934457]

>>4934252
nigga I know jack shit about TA and I think it's nonsense but you should realize that it's impossible to get overlapping bodies on subsequent downwards candles in a 24 hour market such as this.

[Anonymous No.4934629]

>>4933034
better hope bitfinex doesn't exit scam tomorrrow

[Anonymous No.4934640]

>>4933578
Being this retarded....

[Anonymous No.4934816]

>>4934069
I mean it should work as well but you have to think in 1min timeframes then, you obviously can't predict daily movement with 1min candles

[Anonymous No.4934829]

>>4933650
fucking kek

[Anonymous No.4934866]

>>4933034
>went into tether
>did something right

pick one smart boy

[Anonymous No.4934883]

>>4932993
>when you realize that BTC has eclipsed the marketcap of Visa
>fucking Visa
>Decades old, largest electronic payment processor in the world, used by literally everyone
>$8.9 trillion in 141 billion transactions per year
Across 160 currencies and over 200 countries
>vs. bitcoin
>used by literally noone, except to move coins around exchanges and trade for shit
>0 transactions per ever
>piece of fucking shit that "will be fixed eventually"

DUHHH, BUT IT'S NOT OVERVALUED AT ALL, IT GOING TO A MILLION TOMORROW AFTERNOON CONSERTIVE ESTIMATE

[Anonymous No.4934910]

>>4932993
>same chart shows le ebin crash from nov 9th to 14th

[Anonymous No.4934917]

>>4933523
> i work at merrill lynch

yeah, as janitor

[Anonymous No.4934933]

>>4934883
Oops, fucked up one line of my green text. Fuck you.

The point remains that this is all retarded, and 250 billion fucking dollars has no place anywhere near a broken, unadopted piece of shit "currency" that isn't used as a currency and fails every challenge that it's put to.

[Anonymous No.4934939]

The best indicator for the FUD is the consistency and obvious outsider spreading the FUD. Will bitcoin correct further? Maybe. Will bitcoin never recover? Doubting it. Will bankers and money laundering rice Niggers control the game? They already do. Do they have an incentive to kill a cash cow? No. Will alts profit? No. So if you are no daytrader swinging 100k, just ignore the FUDer and go for a walk

[Anonymous No.4934952]

>>4934933
Fuck off Roger, you suck at this game.

[Anonymous No.4935110]

>>4933650

[Anonymous No.4935661]

I have some itchy feeling bitcoin is going to drop insane in the next few hours. Gonna be horisontal untill then.

[Anonymous No.4935709]

>>4932993
Strong price floor built at 13500.

[Anonymous No.4935733]

>>4932993
Everyone was into bitcoin because it was a rocket to the moon. Now that the moonlanding was achieved and the rocket is coming back to earth does bitcoin have ANY VALUE?

The answer is no. Everyone will try and sell their bitcoins now.

[Anonymous No.4935944]

>>4932993
Do I see a triple bottom at 13k in that chart?
A descending triangle? This really made me think.

[Anonymous No.4936014]

>>4932993
NOOOOOOO

[Anonymous No.4936055]

>>4932993

[Anonymous No.4936124]

The floor is $10500. Screenshot this. Bitcoin will go back or slightly above ath before retrace to 8k-

[Anonymous No.4936133]

>>4932993
WOW, that's just like a big continuation pattern, on the dayly, this shit is set to moon past 30k

[Anonymous No.4936154]

>>4936124
>Goes slightly back above ath
>10K

[Anonymous No.4936167]

Bitcoin will go down big time. The upwards price rises were powered by entire countries getting into the currency for the first time in search of quick bucks. But there's no more possible demand.

The morons who think that bitcoin can inexplicably reach 25k or more are absolutely delusional. Unlike stocks or bonds, there is no fundamental value behind these crypto coins whatsoever.

[Anonymous No.4936187]

>>4934939
I have a feeling that you are wrong about the alts. Bitcoin is a fucking dinosaur and needs to go.
It will happen like in dotcom bubble: the Titanic falls, but some survivors will emerge and soar.

[Anonymous No.4936212]

>duuuuhhhhhh ids weally ded dis time!!

[Anonymous No.4936227]

>>4936167
Bitcoin is an artificial resource. Like all other resources, it has a value by itself - it doesn't need to be tied to another matter.

[Anonymous No.4936242]

>itt: memepatterns and TA believers
cute

[Anonymous No.4936265]

>>4936227
>it has a value by itself
NOTHING has value by itself

[Anonymous No.4936288]

>>4936154
Yes brainlet. Down to 10.5, final wave to ath territory (.618,1,1.618 of wave 1 primary) before retrace and bear market phase to preface the next wave, wave 3, which is where bitcoin will hit mass consumption

[Anonymous No.4936289]

>>4936242
>bitcoin will be 100k by 2020
>TA doesn't lie
>bitcoin will drop to 2k
>TA is bullshit!
that level of denial

[Anonymous No.4936357]

>>4936289
>implying i have anything to do with pleb analysis besides mocking those retards who use it

[Anonymous No.4936371]

Its going to zero. Once it begins a sustained fall there is nothing to stop it.

[Anonymous No.4936402]

>>4933866
price correction of 30% is usual. BTC will go back up with all the coming news, it's in a bubble - but not even at the beginning of it. Better buy in while it's low.
Once people get funds for buying things they have no money for, they will become fools to buy in at high price hoping to make a quick buck.

[Anonymous No.4936435]

>>4933187
Heh.

[Anonymous No.4936450]

>>4933402
>$19k
Quoting coinbase meme prices already disqualifies your opinions, please don't do that.

[Anonymous No.4936474]

>>4936167
the price rise would have been more significant if they would have done that all at the same time.

[Anonymous No.4936546]

>>4933650
Jesus Christ the absolute state of /biz/

[Anonymous No.4936731]

>>4933650
>>4936227

Jesus Christ these idiots are the SELL SIGNAL.

FUCK. ITS OVER.

[Anonymous No.4936789]

>>4934883
Kinda agree with this, but at the same time who gives a shit. I'm making money off of this retarded scam coins that should have no value, but dumbasses will pay big mega bucks for them, so why would I tell them no?

[Anonymous No.4937335]

>>4933301
>DTC
Spot the french guy

[Anonymous No.4937584]

jfc just fuckin give it up with this gunna go to 25k may may

back to 666 buckaroos

[Anonymous No.4937722]

please stay down so my alts can not get crushed

[Anonymous No.4937988]

>>4933402
actually, 8000 is the floor, the build-up was buying into the 'pump and dump' (fomo frenzy - Bazinga). It will probably fall back to 8-9000 before rallying for the next one.

[Anonymous No.4938085]

>>4935709
we haven't tested 10k yet thats where we're going

[Anonymous No.4938133]

>>4933596
Screencap short position or stfu

[Anonymous No.4938149]

>>4933589
Governments have no way of stopping crypto. No way to stop people from mining or owning bitcoin. The government would have to remove every last one from every person period and even then people would still be able to mine it.

[Anonymous No.4938175]

>>4933227
hahahahahahahaha enjoy the 15k bag holding

[Anonymous No.4938204]

>>4932993
Brand new tether was printed at the first sign of a downtrend. We going to 20K tonight.

[Anonymous No.4938251]

>>4938204
Why do they keep printing?

[Anonymous No.4938276]

>>4938204
>We going to 20K tonight.

Please god

[Anonymous No.4938282]

>>4938204
source to new tether print

[Anonymous No.4938284]

>>4938251
To equal the amount of new USD being deposited to purchase btc.

[Anonymous No.4938298]

>>4933589
>PoW > PoS or any other Po
Problem solved.
The waste of resources is not their problem, it's their excuse.

[Anonymous No.4938385]

>>4936371
The chance of it going to 0 is essentially 0. Pandora’s box has been opended and there is no going back

[Anonymous No.4938392]

>>4933277
Bingo. Institutional investors, with around $30 TRILLION in assets, are starting to look at crypto. Even 1% of their portfolios moving into BTC essentially triples the market cap.

[Anonymous No.4938393]

LEARN SOME REAL TA FAGGOT

[Anonymous No.4938435]

>>4938204
Where are you checking?

[Anonymous No.4938515]

>>4938393
you know TA is about as empirical as flat earth, right?

[Anonymous No.4938537]

>>4938515
ta is statistically proven you negroid

[Anonymous No.4938553]

>>4938537
>statistically proven
yeah that's the equivalent of saying "when I look at the horizon it's flat"

[Anonymous No.4938567]

>>4938537
lokk at da fibbancheee

[Anonymous No.4938575]

>>4932993
In dumb and bought btc at 16,8k , its now at 16,1k. would it be a smart idea to switch my btc into another currency and wait till it dips again and then switch it back to btc?

[Anonymous No.4938600]

>>4938515
Do you even know what empirical means? Flat earth is empirical: it's what appears to your senses/perception. Empirical != Scientific unless you're in Classical Greece or something.
Geocentrism is also empirical etc.

[Anonymous No.4938611]

>>4938553
thepatternsite.com

you can programatically analyze the market, and see that certain candle formations, such as that one, or patterns ( like cup and handle and triangles and shit ), have x% chance of doing things later.

ex, an ascending triangle in a bull trend has like a 65% or 70% chance of continuing the trend

if you trade these patterns with that knowledge you will always profit long term.

[Anonymous No.4938618]

>>4938575
yeah just keep swapping into different coins every few hours, you'll make it

[Anonymous No.4938621]

>>4938611
>you can programatically
>implemented by bots
>outtrading bots
k

[Anonymous No.4938648]

>>4938611
sure, 65% chance something happens for X% gain. what the website doesn't tell you that when it goes the other way, it's a (X*2)% move. when you start playing with real money you'll start to learn.

[Anonymous No.4938653]

>>4938621
yes you can also write bots that trade the patterns and breakouts for short term trades, but you can recognize them yourself and make trading decisions on longer term trends

[Anonymous No.4938654]

>>4933187
underrated

[Anonymous No.4938667]

>>4938648
>buy in triangle with stop loss at bottom end
>max loss 2~5%
>upside 10~100% cuz its fucking crypto

[Anonymous No.4938680]

>>4938667
if it's that simple then surely you're rich by now?

[Anonymous No.4938683]

>>4938537
I dont think you have any idea what you are talking about and you probably have a shitty 4 year college degree with zero training in statistical models.

[Anonymous No.4938695]

>>4938680
yes i actually have 30btc atm, i started with 10kusd in may

[Anonymous No.4938715]

>>4938537
You are the kind of retard that reads Evidence Based Technical Analysis and concludes that all TA is evidence based.

[Anonymous No.4938716]

>>4938695
to be fair though i got a 6x on link

[Anonymous No.4938719]

>>4938695

[Anonymous No.4938760]

>>4938715
Just because you suck at trading, doesnt mean you TA is invalid, its not perfect but for trading its invaluable

[Anonymous No.4938878]

So what's the next move? Do you think it's up or will a big drop happened again? I was so tempted to buy in again at 13.5 but I didn't have the balls

[Anonymous No.4938889]

>>4938878
buy the tip, sell the dip

[Anonymous No.4939123]

calling 18k, then plummeting back down to 10k.

[Anonymous No.4939147]

[Anonymous No.4939260]

>>4933412
Panic floor is at 11-12000. I sat back and analyzed this all night to get a feel for what these > 10K BTC pump and dumps look like and I never saw it drop below 13500 for longer than seconds. Too many bought/rebought at this 11-12K level.