IMPORTANT REMINDER

[Anonymous No.51412096]

Of this chart. From September 9th. Original thread: >>51347821

It's crucial to have this in mind to understand what's happening right now. The chart illustrates the failed very long term support which turned into resistance. The support began on February 25th 2013 and failed on August 22nd 2022. After 9 years, 5 months and 28 days.

As stated on September 9th, BTC had begun hitting the roof of this once-upon-a-time massive gigasupport. The question then was whether BTC would get thrown back down or break through. Looks like we have the answer now.

[Anonymous No.51412123]

>>51412096
are you suggesting it goes to 9?

[Anonymous No.51412124]

>>51412096
Also, here is the 1D Stoch RSI which topped at over 22k.

[Anonymous No.51412131]

>>51411799

[Anonymous No.51412138]

>>51412096
>no exclamation marks this time
You learn fast. I want to see what you have to say

[Anonymous No.51412141]

>>51412096
>muh chart

[Anonymous No.51412142]

>>51412123
No, my dear mentally handicapped individual. The "9!" is where the support failed. The 9th point of contact.

[Anonymous No.51412191]

>>51412096
Wow an interesting point of discussion and education and the thread is dead... Did redditniggers invade /biz/?

[Anonymous No.51412225]

>>51412191
~5 min old thread when you wrote that post, dumbo.

[Anonymous No.51412241]

>>51412096
Funny line go down more?

[Anonymous No.51412249]

>>51412225
Okay? And? That's plenty of time for anon's to jump in. You must be new.

[Anonymous No.51412256]

>>51412191
>Interesting
There are threads everyday with some gay chart prediction and they're all wrong. There's nothing interesting about TA. You may as well analyze bird migration patterns for signs of how the market will move, it'll be just as effective

[Anonymous No.51412279]

>>51412249
anons

[Anonymous No.51412292]

Oh no, not the 3 data points!

[Anonymous No.51412295]

>>51412256
>There are threads everyday with some gay chart prediction and they're all wrong. There's nothing interesting about TA. You may as well analyze bird migration patterns for signs of how the market will move, it'll be just as effective
Let me rephrase my original comment then.
Interesting compared to the low IQ shitty slide tier threads I've been seeing for the past 30 minutes.

[Anonymous No.51412440]

>>51412292
The points of contact are numbered in the chart precisely for mentally handicapped people just like you who can't count. 11 contacts for the "support" (now resistance) and 7 for the upper resistance line.

[Anonymous No.51412450]

>>51412096
I have only one question
$10k when

[Anonymous No.51412475]

>>51412096
people like you annoy me who think you're smart but objectively dumb af. also meds
schizophrenia is not curable, but you can still lead a semi normal life!

[Anonymous No.51412520]

>>51412096
this is your TA lol
>schizo lines
>schizo words
>schizo logic
>hmm by my calculations price should go up or down
retard

[Anonymous No.51412558]

>>51412450
I have absolutely no idea. Just because I can look at a chart and check basic stuff like the support and resistance and view the Stoch RSI, doesn't make me able to predict the future.

>>51412475
By /biz/ standards, people like me are extraordinarily smart. But if you look at a chart like the OP pic one, and you automatically think the anon is "trying to look smart" and you feel the chart looks "smart" etc, then that's a sign you're pretty dumb. Look inwards.

[Anonymous No.51412601]

>>51412520
Aaand with that post, you proudly displayed to everyone here your dumbness.

[Anonymous No.51412722]

>>51412124
So that was 9th point of contact since inception but what's relevance of that? It's going back to 4300?

[Anonymous No.51412798]

>>51412722
Relevance? The red "!" is just to show that that's the candle where the price went under the support. No, I'm not saying it's going to 4300. Although I'm not saying that can't happen. But that would be pretty damn low.

[Anonymous No.51412864]

>>51412722
>>51412798
The numbers are stacked on top of each other like that purely because of lack of space. It was more elegant to place them that way, than to try to make tiny numbers under each candle.

4, 5, 6, 7, 8, 9, 10 and 11 have nothing to do with the USD price to the right.

[Anonymous No.51412889]

>>51412864
>>51412798
Having to explain this to these absolute bottom feeding retards means this thread is too high IQ for /biz/.

[Anonymous No.51412901]

>not the heckin trendlinerino!

[Anonymous No.51413001]

>>51412901
You're losing a lot of money right now, aren't you?

[Anonymous No.51413030]

August inflation was up instead of down causing stocks to dip, which also triggered an early ETH selloff, that was expeded after the merge. I think we'll see another dip after the merge and then again after the fed meeting on 9/21.

[Anonymous No.51413057]

>>51412558
>look inwards
ah fuck it. you're right about that. but only that. carry on

[Anonymous No.51413079]

>>51412601
its relative so no point arguing who is "better" right? your TA is beginner and sucks imo. You give no entries or exits, which is what matters

[Anonymous No.51413120]

Remember that BTC trades on interest rates and liquidity in the system.

[Anonymous No.51413148]

>>51412096
Ta doesn't work

[Anonymous No.51413155]

>>51413079
>Your TA doesn't even tell me when to buy and sell so it's worthless!
I'm skeptical about OPs TA as well but holy shit this is a retarded complaint.

[Anonymous No.51413190]

>>51412249
This is bear market biz, threads stay up for days and there's probably like actuala 25 people here who's thoughts mean anything at all.

[Anonymous No.51413195]

Hiking rates has done practically nothing. The energy crisis needs to be solved, nothing will change until this is fixed.

[Anonymous No.51413237]

>>51412191
Jeets still spamming their jeetcoins.
Recovery happens only when these curryniggers vanish.

[Anonymous No.51413336]

>>51412096
huh? Just redraw the line?

[Anonymous No.51413512]

OP am I doing it right?

[Anonymous No.51413554]

>>51413512
I think you need a couple more meme lines

[Anonymous No.51413559]

>>51413336
So you get a totally meaningless line with 2 points of contact? Idiot.

You can't pick and choose where the support and resistances are. They are where they are. They've already been determined by the market, over the course of time. There is only one way they can be displayed -- the way the market has manifested BTC's candles. The two lines blue lines in the OP chart is merely a visual aid for seeing the support/resistance which the market has created. The support is already there, without the blue lines being present. The blue line just helps you see it.

If you go and draw random lines in fantasy-based ways, ignoring BTC's candles (which look they way they do because that's how the market shaped them), then that has nothing whatsoever to do with reality or with the actual market.

[Anonymous No.51413590]

>>51413559
they are just meaningless memelines, retard

[Anonymous No.51413636]

>>51413590
>t. drooling brainlet

[Anonymous No.51413680]

>>51412558
> cries for attention
> disclaimer: "i can't predict the future though"
god i hate people like you. why don't you start another shitty youtube channel and annoy the people over there?

[Anonymous No.51413690]

>>51413636
prove they are not, OP picked random starting point and just drew a random line his "resistance" line is legit just random

[Anonymous No.51414004]

>>51413512
you can remove anything from pre the first halving we didnt even have a meaningful market back then
but your picture does show nicely how we got several more decade long lines of support that today are hovering at about 10k so there is that

still tho if the pi indicator is proven to be right once again, best be ready to sell everything once it gets triggered in the bull as everyone will do the same in a self fulfilling prophecy

[Anonymous No.51414033]

>>51412096
zoom in op cant see wtf you are talking about

[Anonymous No.51414081]

>>51414004
>you can remove anything from pre the first halving we didnt even have a meaningful market back then
lmao, nigger do you even realise 90% of supply was distributed before first halving? sub 70 iq clown, filtered

[Anonymous No.51414139]

>>51412096
>straight lines on a log-linear plot of btc price
wew

[Anonymous No.51414219]

>>51413690
>random starting point and just drew a random line
You just proved to everyone here you really are a drooling brainlet.

[Anonymous No.51414237]

>>51414033
dumb phoneposter detected

[Anonymous No.51414282]

>>51412889
>The average IQ of biz is determined by the two guys this guy is talking about
kek

[Anonymous No.51414367]

just sold everything thanks op

[Anonymous No.51414451]

>>51414219
you didnt prove him wrong faggot. go back

[Anonymous No.51414605]

>>51414081
>90% of supply was distributed before first halving
this does not imply a meaningful market with representable buy and sell orders was established

[Anonymous No.51415077]

>>51413237
They'll only disappear once they can't afford internet,
or starve to death.
Until then, they will become increasingly desperate.

[Anonymous No.51415417]

>>51412096
Best thread on /biz/ right now.

[Anonymous No.51416586]

>>51412096
>logarithmic resistance line
KEK

>>51413636
>nooo you can pick log10 arbitrarily but not the points nooo!!!
incredible selfie anon