/biz/ - Business & Finance

[Anonymous No.53383913]

If you bough congratulations, but logically how the fuck is this not going to dump back to 17k or 18k....

[Anonymous No.53383936]

>>53383913
have you considered that the FTX dump was the outlier that needed to be corrected, contrary to what bobos will say it does flow both ways. Also I saw this exact same shit in 2019, it will get manipulated to price out normies again. Go look at the 2019 "echo bubble" they called it at the time.

[Anonymous No.53383938]

>>53383913
You're not congratulating them on buying the top of the rally right? You mean congratulations to those who bought at 16 or so right? Because buying now would be utterly retarded.

[Anonymous No.53383943]

>>53383938
Nice retarded lines. Gonna blow your head off when we hit 30k

[Anonymous No.53383980]

>>53383936
>FTX dump
No such thing. The dump which occurred around that time had already begun before the "FTX" news. The chart at the time looked bearish as hell, the Stoch RSI was very high and a multitude of other indicators were bearish at the time, so buyers were lacking, hence it was obvious that a dump was coming.

Events like the FTX shit function as a sieve which filters out the high IQ anons from the low IQ anons. Low IQers always latch on to the event/news and always think dumps happen due to that, and never look at the charts.

Happenings/events/news is almost always either a coincidence or - more often - a smokescreen set up for planned "manipulation" trading. Like for example lets say some whales want to dump the price and they KNOW some negative event is coming thanks to having insider knowledge, and so they're waiting for that happening and when it happens then they do the dump. Then normalfags just think the dump occurred due to the happening/news. Very cringe, but many such cases.

Sometimes the players involved in the dump, or pump, even cause "the happening" themselves. The same is done with pumps too of course, for example when BTC pumped after Elon Musk put "Bitcoin" in his twitter profile description text, the price most probably didn't pump only due to that. Sure, Elon doing that contributed a little bit to the price going up but most likely some whales (maybe Elon himself or some of his buddies, maybe Saylor) had planned to do a big pump to prevent the price from organically falling further due to too many sellers (in that specific moment it was actually very close to going under a critical support level), and so to cover up what would've looked like very obvious manipulation he put Bitcoin on his twitter so everyone would think that's why it pumped.

[Anonymous No.53383985]

>>53383936
>FTX dump
No such thing. The dump which occurred around that time had already begun before the "FTX" news. The chart at the time looked bearish as hell, the Stoch RSI was very high and a multitude of other indicators were bearish at the time, so buyers were lacking, hence it was obvious that a dump was coming.

Events like the FTX shit function as a sieve which filters out the high IQ anons from the low IQ anons. Low IQers always latch on to the event/news and always think dumps happen due to that, and never look at the charts.

Happenings/events/news is almost always either a coincidence or - more often - a smokescreen set up for planned "manipulation" trading. Like for example lets say some whales want to dump the price and they KNOW some negative event is coming thanks to having insider knowledge, and so they're waiting for that happening and when it happens then they do the dump. Then normalfags just think the dump occurred due to the happening/news. Very cringe, but many such cases.

Sometimes the players involved in the dump, or pump, even cause "the happening" themselves. The same is done with pumps too of course, for example when BTC pumped after Elon Musk put "Bitcoin" in his twitter profile description text, the price most probably didn't pump only due to that. Sure, Elon doing that contributed a little bit to the price going up but most likely some whales (maybe Elon himself or some of his buddies, maybe Saylor) had planned to do a big pump to prevent the price from organically falling further due to too many sellers (in that specific moment it was actually very close to going under a critical support level), and so to cover up what would've looked like very obvious manipulation he put Bitcoin on his twitter so everyone would think that's why it pumped.

[Anonymous No.53383990]

>>53383943
>>53383936
Does this look familiar ?

Don't mind my porn it helps me think when look at my graphs.

[Anonymous No.53384013]

>>53383985
Meds

[Anonymous No.53385501]

>>53383913
"it has to go back down"

[Anonymous No.53385528]

>>53384013
IQ

[Jealous No.53385556]

>how the fuck is this not going to dump back to 17k or 18k....
ZeroHedge says that the Treasury's "extraordinary" debt ceiling aversion measures are going to cancel out the effect of the Fed's QT and function like a de facto QE. Therefore, it is not unreasonable to expect a resumption of a bull-like market between now and the Congress eventually raising the ceiling in the summer. Maybe it won't happen at all but this is one possible scenario that answers your question: the Treasury began draining its account at the Fed last Thursday (the Treasury general account) to fund the government and spending this money is a de facto form of QE which is a very trustworthy driver for market gains. This will be a big liquidity injection, in other words, and markets like that.

[Anonymous No.53385562]

>>53384013
are you saying nobody is conducting pump and dump schemes on crypto

[Jealous No.53385564]

>>53385556

[Anonymous No.53385570]

>>53383985
Sorry but whales already knew what was up with FTX, they dumped before FTX because they knew what was about to happen. Stay quiet, you won’t be receiving another (You).

[Anonymous No.53385682]

>>53383985
Movements like BTC pumping 50% in a single day back in 2019 "from" China saying something mildly positive about crypto are obviously the result of Wyckoff's "composite operator", but FTX was one of the few exceptional black swans.
The relatively mild dump caused by it was a hidden bullish divergence, though, as normies were screaming that crypto was a scam and dead, yet BTC only fell by ~20%

[Anonymous No.53385694]

>>53383990
anon wtf lmao

[Anonymous No.53385856]

>>53383990
kek

[Anonymous No.53385907]

>>53383936
If you think this is a 2019 repeat, you're trying to front run a fed pivot that isn't going to happen.
This is a terrible mistake to make, just as it was a terrible mistake for Powell to pivot in 2019. He's not going to repeat it.
>>53383985
This is all true. Anyone who argues is making the extraordinary claim that the crypto market is the only market on Earth that doesn't encounter market manipulation.
What's happening now is blatant, but a lot of anons will make money by selling at the right time. Most will end up bagholding.
>>53385570
You don't have to be a whale to know that the entire crypto industry has severe cracks in its entre foundation. FTX was a symptom, not a direct cause of anything.

[Anonymous No.53385952]

>>53383913
its going to dump upwards for the next year until it goes past 69k and then some

[Anonymous No.53386109]

>made up internet money with no use case besides buying illegal drugs that are being legalized
>logic

[Anonymous No.53386166]

>>53383990
extremely degenerate

[Anonymous No.53386169]

>>53386109
>separating money from state isn't a usecase goy!
your entire family will die if you don't apologize to the thread, kike

[Anonymous No.53386193]

>>53383913
It's easier for the newfags to hold when they are in the green. Cpi is still coming in hot so rates will rise at least until q3. Bottom isn't in.

[Anonymous No.53386223]

>>53385556
>>53385564
>Tyler Durden

[Anonymous No.53386504]

>>53385907
The man raised rates to the point where not only are prices now going back up again because nobody is spending and so cost goes up because supply goes down, but now millions are losing their jobs, the real estate market is cratering and at the time when ever boomer needs their retirement portfolio looking sharp - a huge generation who are currently unable to work - stocks have taken a massive shit.

If he doesn’t reverse course we are looking at US giving up financial supremacy without question. Is he that retarded? Maybe.

Riding out inflation would have been no big deal. Businesses were still making money hand over fist and people were spending like mad. What we should have done was raise minimum wage so the hyper poor who were the only ones affected would have been fine.

What a cluster fuck of bad decision making.

[Anonymous No.53386514]

>>53383913
>logically
>crypto

[Anonymous No.53386655]

>>53386504
I think the fed used to think like this, your strategy sounds great on paper but in practice it destroys the consumer. bringing inflation down was a much higher priority

[Anonymous No.53386668]

>>53386655
you are looking at an economy without entrenched inflation, saying "this would be just as good with entrenched inflation"

[Anonymous No.53386708]

>>53383990

[Anonymous No.53386723]

>>53383938
cope lmao

[Anonymous No.53386766]

>>53383990
The little guy lost his virginity too soon. He will become a pussy destroyer

[Anonymous No.53386786]

>Disbelief

[Anonymous No.53386853]

>>53386504
>at the time when ever boomer needs their retirement portfolio looking sharp - a huge generation who are currently unable to work - stocks have taken a massive shit.
well this is just how markets work isnt it. we call a market a whore. its out to fuck as many people as it possibly can, thats its job.

[Anonymous No.53387020]

>>53383913
Ah yes the boomer take:
>if go up
>must come down
>just like rock

[Anonymous No.53387199]

>>53383913
I have to imagine that, once the $5b in assets that FTX "found" hits a value of $8b, and they are forced to sell in order to make investors whole in order to avoid criminal charges, things will get pretty shitty.

[Anonymous No.53388175]

>>53383913
It will paint a bullflag now and blast through 30k.

[Anonymous No.53388579]

>>53383913
no selling pressure until FOMC or maybe new gdp numbers confirming recession.- Forecast sees a yoy growth of 2.4 back from 3.4 last year while inflation is still chugging at 6% yoy