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File: 98 KB, 1608x848, BTC Gigasupport Fail.png [View same] [iqdb] [saucenao] [google]
51275934 No.51275934 [Reply] [Original] [archived.moe]

BTC's gigasupport that's held since March 2013 was recently destroyed. Obliterated. It's now resistance!

Combine this with the extremely bearish Stochastic RSI: On the 1W it's obvious. On the 1M it's less obvious but if you know what you're looking at, then you know (it lingers a very long time on the bottom; over 125 days, at least, left from here until the start-of-bullrun candle and the shooting up of the Stoch RSI: the end of the bear market appears to be in early 2023, and as of writing this the blue is about to go under the orange: >>51274811 ).

>> No.51275959

looks strong to me

>> No.51275981

>>51275934
cope retard

>> No.51276018
File: 59 KB, 1227x580, sup.png [View same] [iqdb] [saucenao] [google]
51276018

ok, i see what u mean

>> No.51276044

oh no, we have to move the line down by 1 degree now :(

>> No.51276059
File: 83 KB, 645x729, RyYPS00d.jpg [View same] [iqdb] [saucenao] [google]
51276059

>>51275981
>translation: "i bought at over 60k and have been hoddeling since"

>> No.51276073
File: 66 KB, 575x628, 1658188660606326.jpg [View same] [iqdb] [saucenao] [google]
51276073

>>51276044
based bagger

>> No.51276082
File: 85 KB, 588x823, q86LPxea.jpg [View same] [iqdb] [saucenao] [google]
51276082

>>51276044
Then it'd no longer be touching 10 candles and only be touching 1. Dumbo. It would just be a meaningless line then, not a support.

>> No.51276224
File: 33 KB, 303x298, 1634866090959.jpg [View same] [iqdb] [saucenao] [google]
51276224

>>51275981
>>51276044
Cope and sneethe baggies. The market doesn't care about your feelings and has clearly made its choice: sub 10k BTC it is. Buckle up.

>> No.51276283

>>51275934
>straight line on a log-linear chart of bitcoin
oof

>> No.51276342

>>51276082
will you please show me the 10 candles it is touching in the op pic?

>> No.51276777

>>51275934
its over

>> No.51276804

>>51275934
BTC doesn't matter anymore. ETH is the new king.

>> No.51277352

>>51276283
>log-linear
Pick one.

>> No.51277597

>>51275959
you probably think tranny dudes in dresses look like women too

>> No.51277627

>>51275934
bullish

>> No.51277635

>>51275934
So just ignore the bullish divergence, right?

>> No.51277671
File: 1.58 MB, 1497x1080, Bobo see the dump.png [View same] [iqdb] [saucenao] [google]
51277671

>>51275934
How many times do you "people" have to be told this?
>BTC
>NEVER
>EXISTED
>DURING
>A
>RECESSION
>THIS
>TIME
>IT
>IS
>DIFFERENT

>> No.51277705

>>51276018
This is just statistical noise. But if it goes down further from here, then I can see it conclusively broken.

>> No.51277752
File: 564 KB, 1200x1200, bobo.jpg [View same] [iqdb] [saucenao] [google]
51277752

>>51275934
>the end of the bear market appears to be in early 2023
Try 2027 sweetie.

>> No.51277753
File: 9 KB, 211x238, 84869448.jpg [View same] [iqdb] [saucenao] [google]
51277753

lol k

>> No.51277836

Drop to $14-16k and hold that channel until it flags up to $25k next month

>> No.51277859
File: 300 KB, 730x676, 1576208189396.png [View same] [iqdb] [saucenao] [google]
51277859

>>51276224
>>51276804
>>51276777

das rite, it's going to ZERO

https://www.youtube.com/watch?v=iUw2cOGAWMg

>> No.51277912
File: 8 KB, 221x250, 1652212563065.jpg [View same] [iqdb] [saucenao] [google]
51277912

>>51277352
>Pick one.

>> No.51278765

>>51277912
Logarithmic charts and Linear charts aren't the same thing. In fact, they're very different. There's no such thing as "logarithmic linear".

>> No.51278891

>>51278765
Imagine being this retarded. Log-linear means one axis is linear and the other is logarithmic:

https://en.wikipedia.org/wiki/Log-linear_model
https://en.wikipedia.org/wiki/Semi-log_plot

Since bitcoin is not an exponential function of time, log-linear charts are inappropriate. Can you guess what the right kind of chart is? Of course not, you are retarded.

>> No.51278911
File: 102 KB, 353x299, file.png [View same] [iqdb] [saucenao] [google]
51278911

>>51275934
>the end of the bear market appears to be in early 2023
what charming optimism

>> No.51278931

>>51275934
>very long term support
>a line that just goes up forever

oh no it didnt go up forever it must be over

>> No.51278939

>>51275934
I’m bearish pretty much everything right now but I don’t give this any serious credibility. I’d rather see a long term MA

>> No.51278999

>>51277671
>there was no recession from 2011 to 2022

you are a fucking retard.

Obamas entire 2 terms were non stop stagflation.

>> No.51279077

>>51275934
and then you will move the line again when it doesn't do what you expect and again and again until you get it right and then YOU WARNED US WE SHOULD HAVE LISTENED!!!!

>> No.51279176

>>51277671
Literally every cycle, you faggots come up with some reason why it's different this time. It never fails.

>> No.51279209

>>51275934
the stock rsi is a meme, it pumped into overbought levels with the pump to 24k that was not a big pump

>> No.51279241

>>51279176
He means it’s going to get worse

>> No.51279243

>>51278891
>Since bitcoin is not an exponential function of time
it is, since it growns with time

>> No.51279268

>>51279209
Because the volume is low.

>> No.51279301

>>51279243
No, moron. Lots of non-exponential functions grow with time. Stock prices are an exponential function of time, crypto prices aren't. You shouldn't be investing in crypto if you don't even know the right growth model.

>> No.51279307

>>51278891
Based linear enthusiast. Log is cope

>> No.51279310
File: 537 KB, 600x900, 1651297332903.png [View same] [iqdb] [saucenao] [google]
51279310

>BTC literally dies trying to suppress LINK

>> No.51279358

>>51279241
Yeah, and why should it when TA says otherwise? Muh macro?

>> No.51279380

>>51279301
Lotta of ESLs here lately.

>> No.51279496

>>51275934

Listen to me mother fuckers. We are not seeing the next bullrun until the next US presidential election, and its rewards...or consequences.

>> No.51279523

>>51279380
Knowing elementary mathematics doesn't make you ESL.

>> No.51279539
File: 892 KB, 720x811, way worse.png [View same] [iqdb] [saucenao] [google]
51279539

>>51278999
Did you know there's a depression roughly every 100 years, and directly before that depression is massive inflation?
Did you know the last depression, AKA, the Great Depression happened a little under 100 years ago? And that Inflation is at an all time high?
Did you know that the indicator for the Great depression happened in 1920?
Do you know what happened in 2020?
Did you know one of the indicators for a depression is the housing bubble popping? Do you know what's happening in the US, and in China?
Did you know one of the indicators for a depression is a big stock market crash? Do you know what's happening to the stock market right now?
Did you know that a signal for a depression is all time high unemployment? Did you know that the unemployment rate was at an all-time high in 2020?
Did you know that Civil wars are a signal for depressions? Do you know what's happening in the Ukraine, and what China is threatening?
>>51279176
Do you not see the double top on that graph? Double tops are one of the most bearish signals possible, and BTC has had a nonstop bullrun since 2009. This time it IS different, and you will learn the hard way that number doesn't always go up.
>Number always go up though because WAGMI!!! XDD

>> No.51279547

>>51276224
The market also doesn't care about some shittily drawn memelines, kek

>> No.51279548

Didn't read these TA blog posts. Eventually you learn there's only one thing worth buying when you have it all.

>> No.51279575
File: 66 KB, 728x823, 1634077402680.jpg [View same] [iqdb] [saucenao] [google]
51279575

>>51278891
>linear and logarithmic is the same thing
Newfag detected.

>> No.51279621

>>51279575
Nice bait, mongoloid.

>> No.51279623

>>51279307
Using linear charts when zoomed out is the most glaring sign of newfaggery when it comes to charting. You never, never, never use linear when zoomed out like in OP chart. If you ever spot a chart zoomed out that much or more and it uses linear, you can be 100% sure it was capped by an ultra newfag.

>> No.51279650
File: 134 KB, 645x729, 1640743259900.jpg [View same] [iqdb] [saucenao] [google]
51279650

>>51279623

>> No.51279674

>>51279523
No, I agree with you. People here don't know the elementary basics of trading to begin with, let alone growth models.

>> No.51279693
File: 64 KB, 618x597, 1635704637015.jpg [View same] [iqdb] [saucenao] [google]
51279693

>>51279307
Also the "muh log is cope" is a sign you're a baggie. People raging against log charts are almost always baggies who bought near the top and never secured their funds. Same type of people raging against log in 2018, same type of people nowadays: baggies, who whine that "uhhhh log is BOBO COPE!! waaaah!! muh feeels!!" and they genuinely (due to their newfaggery) associate "log" with "bearish" etc, and think log is somehow inherently bearish. This is due to their retardation of buying the top and not stabling up is always painfully obvious to them on a log chart, so they lash out against that reality. So sad and pathetic.

>> No.51279717

>>51279623
This. Zooming all the way out, on a log scale, and then making a straight linear trend "support" is one of the peak retardations I've seen here.

>> No.51279747

>>51275934
That's not the long-term support since 2013.
Your line literally uses the march 2020 bottom.
The 2013 trend was already lost below 40k.

>> No.51279794

who cares about this shitcoin? by 2023 i'll be luna billinaire

>> No.51279796

>>51279693
You have no clue what logarithms even are, brainlet. If you want to plot a function that grows in a power-law relation to time (like bitcoin), use a log-log chart not a log-linear chart. That way straight lines make sense.

>> No.51279843

>When the stockmarket opens tomorrow
https://www.youtube.com/watch?v=1lWJXDG2i0A

>> No.51279894
File: 201 KB, 800x600, log vs linear.png [View same] [iqdb] [saucenao] [google]
51279894

>>51279693
This. Newfags like n0/T1CYp want to always use linear charts as they inherently LOOK way more bullish. This makes them feel all warm and fuzzy inside, which is all that matters to them. Zooming out in linear mode is peak newfag behavior.

>> No.51279960

>>51279268
>Because the volume is low
why should it matter?

>> No.51280044

>>51279796
I don't think they have the IQ to understand what you mean.

>> No.51280095

>>51280044
I'm convinced they must be trolling.

>> No.51280538

>>51275934
>using wicks

>> No.51280756

>>51275934
>giga support
>2 wicks in 10 years

>> No.51282701
File: 16 KB, 183x276, 1654992655371.png [View same] [iqdb] [saucenao] [google]
51282701

>>51275934
Holy shit it's owari da. I kneel.

>> No.51282805

>>51279539
>Do you know what's happening in the Ukraine, and what China is threatening?
Invasion and invasion. Please save those lies about "rebel miners" and "one country two systems" for the internal propaganda.

>> No.51283018
File: 600 KB, 1104x1116, 1636347720809.png [View same] [iqdb] [saucenao] [google]
51283018

>>51279539
>the Ukraine
>the
Amerimutt detected.

>> No.51283040

>>51279539

Anon... housing market isn't crashing. According to the boomers in my area. They keep telling me housing market goes up!

>> No.51283073
File: 48 KB, 600x500, pepe.jpg [View same] [iqdb] [saucenao] [google]
51283073

You are literally doing TECHNICAL ANALYSIS on a CRYPTO CURRENCY.

The absolute and entire STATE of this board.

>> No.51283081

>>51275934
You can't reason with these retards, OP. Just let them get rekt you can tell they're retarded by their responses. Just let it take its natural course. When BTC hits $11k these same dopes will realize that they could of doubled up if they would of just listened.

>> No.51283115
File: 25 KB, 622x351, 5A2EC99A-0F63-4937-BE95-754ED063A54A.jpg [View same] [iqdb] [saucenao] [google]
51283115

>>51275934
>Stochastic RSI

>> No.51283594
File: 442 KB, 596x584, boboscooter.png [View same] [iqdb] [saucenao] [google]
51283594

OP bags are heavy.

>> No.51284283

>>51279539
Clownworld says that the Fed will turn on the printers after larping about their microdick rate hikes and we’ll kick the can until the world collapse in a nuclear holocaust.

>> No.51284810

>>51275934
SHIT

WE'RE GONNA HAVE TO REDRAW THE LINE BROS!! WE CANT KEEP DOING THIS!!

>> No.51284839

pump incoming, chads win, bobos get fucked in boba hole, bulls leaking precoom

>> No.51284893

>>51276044
oh no, that also might mean the chart will not be linear!

>> No.51285073

I'm not the first person to shit on TA, but trendlines are complete BS. The market doesn't see this trendline, it was most likely luck.

>> No.51285149

>>51276283
Whoever has been market making for the past 2-3 years has been using trendlines on the log chart and M2 chart as opposed to the regular BTCUSD chart. Using the two former makes trading easy as shit, whereas everyone who uses BTCUSD is always confused as to what exactly is happening. Simple as

>> No.51285267

>>51278765
>looks at charts all day
>doesn't even know the difference between a log-log and semi-log plot.
Absolute Chad.

>> No.51285390

>>51275934
Can't wait to slurp at $1

>> No.51285516 [DELETED] 
File: 7 KB, 229x220, 1653114629604.jpg [View same] [iqdb] [saucenao] [google]
51285516

>>51284810
See: >>51276224

Learn the basics of charting. You don't get to decide where the support is. The market does that.

>> No.51285518

>>51275934
You forgot one major thing op ! Your support line sucks massive cock

>> No.51285524 [DELETED] 

>>51285518
It's not his, that support was BTC's support - the market made that the support. And the market dumped the price under that support, turning it into resistance. See: >>51285516

>> No.51285540
File: 7 KB, 229x220, 1659546595819.jpg [View same] [iqdb] [saucenao] [google]
51285540

>>51284810
See: >>51276082

Learn the basics of charting. You don't get to decide where the support is. The market does that.

>> No.51285550

>>51285518
It's not his, that support was BTC's support - the market made that the support. And the market dumped the price under that support, turning it into resistance. See: >>51285540

>>
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