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/biz/ - Business & Finance

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51127782 No.51127782 [Reply] [Original]

As per the formula given in this thread, the current bottom is 19k. Pic related is a few days out of date, but will update.
>>/biz/thread/49786005

>> No.51127815

>>51127782
That's assuming the bottom is at or above the green curve, which it never is.

>> No.51127841

>>51127815
It dips below sometimes of course, but at the moment 19k (technically about $19050) is still an optimal point.

>> No.51127865

>>51127841
>It dips below sometimes of course
In particular: when it bottoms.

You are better off calling the current green line value the "fundamental" or "base" value.

>> No.51127871

>>51127782
Watch it not be

>> No.51127888

$12k

>> No.51127957

>>51127865
If you buy and sell according to it and the red line, you would have got the highest ROI if you started in 2010. So yes, technically you're correct. But "bottom" rolls off the tongue so much easier.

>> No.51128006

why do you consistently post charts that are completely unreadable you mong
also powell confirmed we're going lower than 17k, hitting multiple liquidation points, saylor, celsius, more exchanges becoming insolvent, mt gox niggers selling en-masse
It's absolutely fuggin over

>> No.51128031

>>51127782
big if true

>> No.51128064

>>51127957
It's just that when you say "$19k is the bottom" you're implying that we can't drop to $15k or something in the next few months. Which is not what your chart shows.

>> No.51128111

Boggles my mind that people are still clinging onto TA to predict when BTC is gonna bottom out. I expect normies who don't even know who Powell is or what 'fiat currency' means to have that type of mindset, but you'd think a board dedicated to finance would be a bit more clued up on macro-economic conditions.

Sorry, but this time it uniroinically, unequivocally, is indeed, different, and if you think the market will still value a single Bitcoin at $19k when people in western countries won't be able to afford heating this winter then you are in for a shock.

>> No.51128123

Can your TA predict the worst recession in decades?

>> No.51128133

>I post a chart
>People spend the entire thread coping, grifting, & being pedantic
>My call was right
>I post another chart
>People spend the entire thread coping, grifting, & being pedantic
>?

>> No.51128197

>>51127782
>BRO CHECK OUT THIS DECADE MODEL FOR PRICE!

>> No.51128206

>>51127815
There doesn’t seem to be much below. So 17k bottom for good measure and that would bounce off and make a perfect double bottom and bullish reversal

>> No.51128335

>>51128206
Realized price is 21.6k, so I couldn't see us going all the way to 17k, given the forced liquidation from the celcius fallout only managed to get us to 17.6k.

>> No.51129258

>>51127782
what is power-law?

>> No.51129283

>>51127782
See u sub 12k nigger

>> No.51131159

>>51127782
Funny how your bottom line goes through so many "candles" in order to make the current possible bottom seem much higher up than it otherwise would look... surely you didn't do it like that on purpose, right? just an accident, right?

>> No.51131283

>>51131159
19k Looks right to me

>> No.51132355

>>51129258
Linear would be change in price over time, e.g., $100 per month
Exponential would be returns over time, e.g., 1% gain per month
Power law is returns over % time, so 1% gain per 1% increase in time (a bit relative since what is "time zero" for Bitcoin's price)

>> No.51132402

>>51127782
double bottom at $3k

>> No.51132404

>>51131159
The green and red lines were varied to produce the greatest ROI from someone trading since July 18, 2010 (earliest data), if they were to buy or sell as soon as the line was hit.

>> No.51132441

>>51127782
yeah, that's what I'm seeing just doing grug level TA.

>> No.51132718

>>51128123
yes

>> No.51132872

>>51128111
For all the shit talk about your knowledge of fundamentals you're fucking clueless if you think retain has any meaningful position in the crypto markets atm. It is whale games between now and when your news papers start talking about BTC again (so until BTC gets close to 69k again - the point retail gets interested in crypto). So assuming there will be another sell off to fund muh heating etc just shows how fucking retarded you are. Even on chain data supports that the only people about is whales gaming each other/accumulating atm.

>> No.51132882

>>51132872
retail*

>> No.51133191
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51133191

>>51127782
Reminder that picrel would represent another 25% loss

>> No.51133421

>>51132872
This. I never understood the whole “Joe Normie can’t afford Bitcoin so that means it’s going to go down!” argument. The top 10% don’t need to sell assets to afford their heat bill this winter and they have billions sitting in offshore accounts ready to pump into whatever investment they see fit at a moments notice. Average people never controlled the market and even less so now that the wealth resides in only a few hands.