[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 6 KB, 225x225, 1616982079707s.jpg [View same] [iqdb] [saucenao] [google]
53198312 No.53198312 [Reply] [Original]

Excited? Zoom out.

>> No.53198335
File: 440 KB, 1181x918, 1648478839011.png [View same] [iqdb] [saucenao] [google]
53198335

LFG boys

>> No.53198337
File: 184 KB, 1080x1383, t.jpg [View same] [iqdb] [saucenao] [google]
53198337

>>53198312
You were saying...?

>> No.53198630
File: 43 KB, 1272x1118, deathcandle.png [View same] [iqdb] [saucenao] [google]
53198630

>>53198312
They really should zoom out but few comprehend what they're seeing. We're in completely new territory, since a few weeks ago. 1-Month candles are now growing UNDERNEATH Bitcoin's self-manifested log curve, which has never happened since it finished manifesting in 2015. And it looks like the bottom boundary of BTC's log curve is now acting as a resistance, which is absolutely insane.

>> No.53198799
File: 55 KB, 1120x750, 1668843373898.gif [View same] [iqdb] [saucenao] [google]
53198799

>>53198630
Just in case -- this animation is for the newfags who aren't aware that the way Bitcoin's log curve looks today is the way it has looked since 2015 (the top boundary was established late 2013), also moar info: >>/biz/thread/52556773

>> No.53198814

>>53198312
>Stop being excited, it's gonna go down!
You are a fool, not because you're wrong, but because you picked a side.
Moving ANY direction is a cause for excitement.

>> No.53198860
File: 13 KB, 406x422, 1654926533274.png [View same] [iqdb] [saucenao] [google]
53198860

>>53198814
/biz/ has predicted ~10k since BTC first went over 60k. ~10k is the bottom, newfren. We're pretty damned good at this stuff.

>> No.53198886
File: 38 KB, 850x242, 1645138037815.png [View same] [iqdb] [saucenao] [google]
53198886

>>53198860

>> No.53198904
File: 5 KB, 391x98, 1647192656791.png [View same] [iqdb] [saucenao] [google]
53198904

>>53198886
64 screenshots: https://a.cockfile.com/dSoqqe.rar

>> No.53198918

>>53198799
Oh wow it didn't go below 15k get fucked BOBO

>> No.53198921

>>53198630
Correct. As it turns out, chuck-E-cheese tokens aren't going to be great holds as we enter a global recession

>> No.53199120
File: 216 KB, 560x427, SwZQSV7l.jpg [View same] [iqdb] [saucenao] [google]
53199120

>>53198918
My dear little baby, Bitcoin's log curve curves upwards: That means both the top boundary and the bottom is boundary is higher up as time moves forward, as anyone can plainly see by looking at the chart.
So:
Price below ~15.5k in November 2022 = candles appearing under the curve.
Price below ~17.5k in January 2023 = candles appearing under the curve.
And today, hence, there are now candles under the curve: >>53198630