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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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53453870 No.53453870 [Reply] [Original]

>the mumus fell for the same 23k scampump AGAIN

>> No.53453890

>>53453870
>bobo doesn't realize we're still up
didn't you say 20k was rejected? Fuck off until we're back there

>> No.53453909

>>53453870
still looks good to me

>> No.53453914

kek bobo fucked mumu hard in the anus

>> No.53453916
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53453916

>>53453890
>Fuck off

>> No.53453945

Fuck off nigger, if you're that confident in BTC crashing yolo your savings.

>> No.53453950

check the volume. bullish divergence
>Verification not required.

>> No.53453965
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53453965

>>53453870
I remember when you bobos said the same thing about every $1,000 price jump from $16,000

The cope is strong with you

>> No.53453997

>>53453950
this, higher low, strengthening market
bihcoin gon go up

>> No.53454010

>>53453965
The difference is 23k got hard rejected like 10 times now. The has officially reversal happened, the bull rally has failed. Back to comfy bear market

>> No.53454014

>>53453870
I just buy every week and don't even bother looking at charts like a beta. When the bull comes I sell.

>> No.53454028

>>53453870
mumu really isn't that bright kek

>> No.53454054

it feels like everything is split 50/50

what the fuck do we do? mumu or bobo?

>> No.53454092

gongo

>> No.53454126

Can you guys please stop pretending to be animals

>> No.53454150
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53454150

>>53453945
>yolo

>> No.53454406

>>53454126
moo

>> No.53454477

>>53453870
You nocoining Larper "bears" realize that the more time we test a resistance, the more likely we are to blow past it?

>> No.53454498

>Higher lows
>Same resistance
Ummm.... Bobo?? Don't you know this is heckin' BULLISH!!??

>> No.53454516

>>53454477
Newfag detected! The more times a resistance is hit and it gets rejected at that resistance, the more bearish it is because it confirms to the players in the market that it's major resistance which most likely won't be overcome. The same is the case with supports; the more a support is hit and it bounces from the support, the more bullish that is because it confirms it as a support to the players in the markets. Of course there are sometimes exceptions, such as when BTC hugged the 6k support (believed by many to be the bottom) in 2018.

>> No.53454517

>>53454477
Especially when we keep making higher lows, 30k will be sooner than I thought.

>> No.53454551

>>53454477
What fuckin resistance? ETH went to $2k over the summer and promptly puked. This bitch rally hasn't even come close to that.

>> No.53454555
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53454555

>>53454498
The resistance is higher up the further forwards in time we move. So the fact BTC keeps getting rejected from 23k is increasingly bearish as time goes on, since it's getting thrown back down further and further below the resistance - now it's even failing to touch it.

>> No.53454572

>>53454555
Tomorrow we'll see what plays out. Good luck, friend.

>> No.53454589

>>53454516
Retarded Newfag larping as oldfag detected: the more times support and resistance are tested within a short period, the weaker they become.
Resistance exists because there’s potential selling pressure around a certain price level.
(This selling pressure could be institutional orders, retail orders, etc.)
So what happens when the price hits resistance multiple times?
Well, these orders start to fill up.
Eventually, when all these orders are filled up, there’s no one left to sell and that’s when resistance breaks.
This means the more times resistance is tested (especially within a short period), the weaker it becomes.
Why a short period?
Because it’s unlikely new orders will be “replenished” so quickly.

>> No.53454597

i don't have the heart to laugh at mumu anymore since I missed the 16k bottom. and now, like a traditional bobo, I'm too scared to buy in

>> No.53454667

>>53454555
Macro defecates all over your worthless anal-sis.
Feb 1st will destroy any remaining bears and TAfags.

>> No.53454705

>>53454589
Regarded newfag larping as oldfag larping as newfag. None of this shit matter, it’s all liquidation hunts

>> No.53454722
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53454722

>>53454589
This is the most retarded shit I have ever read on biz.

>> No.53455165

>>53454516
>>53454589
You're both right, you're just talking past each other. Other than the fact that you're both new, of course.

>> No.53455229

>>53454054
Both.

Buy then immediately sell what you bought.

>> No.53456626

>>53453870
based
we are going to ZERO