/biz/ - Business & Finance

[Anonymous No.52322725]

>below the rainbow line
its over

[Anonymous No.52322758]

>they're going to add another bar to it

[Anonymous No.52322779]

>>52322725
not my fault they didnt use purple

[Anonymous No.52322788]

>no violet
the chart was wrong. rainbowchads just keep winning

[Anonymous No.52322802]

>>52322725
get ready for the new cope
>"e-everyone falls off rainbow road at some point tho"

[Anonymous No.52322817]

>>52322758
they might need 2 bars lmao

[Anonymous No.52322829]

>>52322725

last time this happened was March 2020

[Anonymous No.52322830]

[Anonymous No.52322831]

>>52322802
They will just drawn a new rainbow, and move the goal further, like they always do.

[Anonymous No.52322870]

>>52322788
>no violet
>no UV
>no x rays
>he doesn't even know about the gamma rays

[Anonymous No.52323019]

>>52322870
i'm fully tethered waiting for the gammaslurp

[Anonymous No.52323037]

>>52322870
>>52322870
>forgot microwaves

ngmi

[Anonymous No.52323065]

>>52322725
>line doesn't follow arbitrary trendline
imagine my shock

[Anonymous No.52323088]

I can see two other places it went outside the lines. DEBOONKED

[Anonymous No.52323245]

>>52322725
Wow who could have expected that? What a shock!!

https://archived.moe/biz/search/text/%22below%20the%20blue%22/

[Anonymous No.52323384]

>>52322725
Situation normal

[Anonymous No.52323435]

>>52323245
Why, explain to me why it had to be restricted by that line?

[Anonymous No.52323458]

>>52322725
Just change the angle and width accordingly

[Anonymous No.52323560]

>>52323037
based retard

[Anonymous No.52323749]

>>52323384
It really is situation normal. The cycle low trough always starts 12-14 months after the ATH. Don't expect crypto to do much of fuck all price wise until at least June. We'll have the mid cycle run back up to close to 40k some time next year then back down in the 20 - 25k range. Then it will start creeping back up for the halvening of 2024. Make sure to buy up good projects early this time and hold them faggots.

[Anonymous No.52323840]

>>52323245
line begins in negative y-axis territory
>no

[Anonymous No.52323869]

Didn't they added a 1btc=1btc line a month ago?

[Anonymous No.52323908]

>>52322725
either btc is really dead for real this time
or its a generational buy moment like the coof dip
impossible to tell at this junction, isnt investing fun frens

[Anonymous No.52324324]

>>52323749

this.

[Anonymous No.52325515]

>>52323435
>that line
Those "lines" you see there (in the BTC candle chart overlayed onto the LGBT chart) constitute BTC's logarithmic growth curve, which BTC itself (in other words the market) has manifested through its price action, through its candles. The top of the curve had manifested by December 2013 and the bottom of the curve by August 2015. Since then, the whales have traded accordingly. They begin selling off near/at the top of the curve and begin buying in at/near the bottom of the curve. Which has in turn strengthened the curve and made it a super reliable tool, for long-term trading.

That's in stark contrast to the various dishonest hand-drawn curves (intended to deceive) where the bottom and top boundaries of the curves totally ignores BTC's candles and go straight through them or over or under them -- like for example the LGBT rainbow curve does, which, as you can plainly see, is entirely disconnected from reality and hence total nonsense.

Now what will be EXTREMELY interesting and what everyone should be looking at, is whether the BTC price will stop dumping at the bottom boundary of the curve. When it hit the top (~69k), it immediately dumped down (the whales sold en masse). So it should stop dumping soon, at the bottom of the curve. If it doesn't then it will be the first time in history that the price has gone outside the curve (since its final establishment in 2015). In that case it's a totally uncharted territory, maybe total free fall mode will occur and it dumps lower than anyone could imagine.

[Anonymous No.52326171]

>>52323037
Microwaves are radio waves, lower energy then visible light so they'd be above the chart

[Anonymous No.52326542]

>Noo not muh heckin rainbowrino

[Anonymous No.52326583]

>>52323245

So you the updated version of this? What's the lowest target?

[Anonymous No.52326679]

>>52325515
drawing the bottom curve off the covid wick is really cringe and dumb

[Anonymous No.52326730]

>people will realise that bitcoin has never experienced a real recession.

Boomer indexes are only half way to the bottom.
Also we are likely headed towards a secular bear market as well, built around structural energy insecurity no less.
I wouldn't be surprised if crypto doesn't recover for a decade, it took NDX 15 years after dot-com.

[Anonymous No.52326732]

>>52322830
if (rainbow = true) {
console.log('Big');
}

[Anonymous No.52328152]

>>52326730
Scary graph

[Anonymous No.52328263]

>>52322725
whelp, we had a good run
time to go back to the wage cage

[Anonymous No.52328955]

>>52322725
What does this tranny shit mean?

[Anonymous No.52329380]

>>52323749
that

[Anonymous No.52329444]

>>52323840
The no negative numbers on a log chart you braindead dog.

[Anonymous No.52329453]

>>52326679
First of all it's not "drawn" and you don't get to pick and choose where the boundaries of the curve is -- BTC decides that entirely by itself; BTC created the curve; the market did. And the curve boundaries as you see them now were already in place long before the "covid wick" of 2020 happened. The bottom boundary was established by 2015. The reason the "covid wick" touches the bottom boundary is because that's where the whales bought in (as they saw that it had hit the bottom) so it didn't drop any lower. Same reason why it touches the top boundary in the 2017 December ATH; that's where the whales sold off, as they saw it had hit the top. Same deal with the April 2021 top and the November 2021 top; they sold when it hit the roof of the curve.

[Anonymous No.52329704]

>>52326583
Here you go fren: >>52322725

[Anonymous No.52330022]

>>52326171
Na microwaves are high frequency, high amplitude. While radio is low frequency, low amp

[Anonymous No.52330095]

>>52322725
>he didn't slurp when it was beyond fire sale

[Anonymous No.52330114]

>>52322725
I guess you didn't notice that it went above the rainbow line before

[Anonymous No.52331081]

>>52326732
Jeet detected

[Anonymous No.52332576]

>>52322725
>(((rainbow)))

[Anonymous No.52332788]

>>52325515
>If it doesn't then it will be the first time in history that the price has gone outside the curve (since its final establishment in 2015). In that case it's a totally uncharted territory, maybe total free fall mode will occur and it dumps lower than anyone could imagine
well according to BTC's logarithmic growth curve we've blown past the bottom boundary since back in May.

[Anonymous No.52332829]

>>52332788
turns out there isn't an exponentially increasing amount of excessive liquidity to pump into the system
who would have thought

[Anonymous No.52332901]

>>52322725
>go ahead, add another color

[Anonymous No.52332952]

>>52322725
this was just an oopsie from binance, they are the ones pulling out so much money
by next week we will be back to 22k, just in time to sell all my vinu shit

[Anonymous No.52333287]

>>52322725
>9 colors
>no violet
A non-white made this chart

[Anonymous No.52333423]

>>52322725
>>52322725
The rainbow line was base on an incorrect calculation that doesn't allow for BTC to hit a ceiling. As scarcity goes to zero, price just goes to infinity which is unrealistic. The actual "fair" value for the last cycle was about 25k. I didn't tell you guy cuz I wanted you to pump my bags

[Anonymous No.52333747]

>>52332788
The pic you posted is of another meaningless hand-drawn curve just like the LGBT curve. A curve that ignores BTC's candles and wasn't created by them.

[Anonymous No.52334113]

>>52325515
Can you explain how this is calculated.

t. Mathematician

[Anonymous No.52334189]

chartists are so simple minded, the world is more complicated than your faggy charts.

We don't really know how bitcoin would have acted in 2008. The rainbow chart covers smooth sailing years for the global economy. Unironically bitcoin is going to get fucked if we have a major recession and its going to make your chart look retarded because it is retarded.

[Anonymous No.52335238]

>>52333747
>>52329453
>>52325515

Can you post a detailed "correct" model that you're talking about? The real chart based on the candles?

[Anonymous No.52335585]

>>52334189
No u