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/biz/ - Business & Finance

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53565221 No.53565221 [Reply] [Original]

BTC golden cross approaching on the daily.

>> No.53565653

Other TA guy said its gonna be a death cross.

>> No.53565673
File: 210 KB, 1801x875, deathcross2days.jpg [View same] [iqdb] [saucenao] [google]
53565673

>>53565653
Death Cross on the Weekly. Sorry mumu, scroll out

>> No.53565700

>>53565221
>>53565673
so, do they cancel eachother out?

>> No.53565714

>>53565700
No. Whenever you see conflicting trend signals between two time frames, believe the longer time frame.

>> No.53565720

>>53565700
Two crosses make an eight pointed star. Like a pound sign. So someones gonna get pounded. But who?

>> No.53565730

>>53565720
btc

>> No.53565747

>>53565673
I don't really trust the weekly chart for BTC, all it really tells is price floors and ceilings not necessarily market trend.

Daily has been much more reliable for actual signals. I will say though a cross in the weekly will be interesting to see, but I feel like it will be the same as when we dropped out of the log curve in 2020.
Nothing much.

>> No.53565756

>>53565673
I see long term support at $3000

>> No.53565761
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53565761

>>53565221

>> No.53565849

>>53565747
I don't trust the BTC-USD chart at all.
The BTC CME Futures chart is less distorted by manipulation and it shows that we're still away from a golden cross on the daily, imminent death cross on weekly.

>> No.53565909

>>53565221
btc tends to at least go towards that daily cross and if that happens we will probs get the weekly death cross...

>> No.53566058

>>53565714
but which one is the longer frame?
like OP's lines crossed in Jan 2022?
was that a death cross and now we've got a bull cross?
whereas >>53565673 looks like it makes hella more sense, but that 200MA you know death crosses.
uhhh because they draw the moving averages differently? e.g. daily vs weekly?
but daily is useless. like daily didn't tell you it was overvalued until you dropped like 20k from ATH, but, it did tell you we still had another 30k to fall.

>> No.53566195

>>53566058
Might be more correct to say "the HIGHER time frame is more truthful" since it tells you what the greater overall trend is.
I'm less inclined to believe the daily chart.

>> No.53566221

>>53566195
but the daily is higher on average in the time frame?
so wouldn't the daily be the right one?
weekly makes more sense to me too, just not sure how I'm coming to the same conclusion...

>> No.53566299

None of it matters either way, last detah cross we gigapumped, it doesn't fucking matter. If you missed the bottom just fucking say so, instead of all this made up TA bullshit.

>> No.53566347

>>53566299
I remember people like you screaming “LOL COPE YOU MISSED THE BOTTOM” last year before dropping to 16k. Fuckoff.

>> No.53566356

>>53566347
People like you always forget that most of the people who bought at 16k were bobos until 15k. The bulltards shorted the bottom to make back.

>> No.53566371

>>53566299
>last detah cross we gigapumped
There has never been a deathcross on the BTC weekly. EVER. Do your self a favor and google the word Denialism. Then immediately consult a mental health specialist. /biz/ is dumb enough as it is without your help, fag

>> No.53566403

>>53566221
Weekly is a higher time frame than daily. Daily is a higher time frame than 4 hour. 4 hour is a higher time frame than 1 hour. 1 hour is a higher time frame than 30 minutes.
That's all I'm saying.
Regardless of the 50/100 moving averages, the BTCUSD daily chart has developed bearish divergences on the oscillators. The price can absolutely still go higher, but a huge dump is guaranteed. That conforms with what the weekly chart says.

>> No.53566468

>>53565673
lagging indicator. by the time the data needed for this indicator to do its job arrives the event already occurred. so it may show a cross but if btc pumps it will undo the cross. you can see on your chart that this scenario is what plays out every time, and then when all data is set in stone it shows that it "almost crossed"

>> No.53566561

>>53566468
One of my suspicions is that the CEX's are pumping BTC to stave off the death cross on the weekly.
Also possible it's whales or institutions countertrading bears who are trying to frontrun the death cross and that's what's driving the golden cross on the daily.

>> No.53566612

>>53565221
>>53565653
>>53565673
TA is always after the fact and hardly means shit

>> No.53566647

>>53566371
So I guess you're about to see the first one, which will be quite tragic for you.

>> No.53566685
File: 20 KB, 512x493, photo_2021-12-09_21-02-42.jpg [View same] [iqdb] [saucenao] [google]
53566685

Imagine fucking believing that what has previously occurred will always occur...
"Past performance is no guarantee of future results"

>> No.53566755

bitshit needs to dump to stop chainshit breaking out

>> No.53566793

>>53565221
what happen what a golden cross daily meet a death cross weekly?

>> No.53566806

>>53565761
fucking kek

>> No.53566842
File: 307 KB, 680x566, sirs pls.png [View same] [iqdb] [saucenao] [google]
53566842

>>53565720
PLS SER MAKE IT NOT BE ME

MY ANUS IS OF BLOODY ALREADY

WHY IS IT ALWAYS ME?

>> No.53566848

>>53566685
Imagine being too stupid to notice patterns and ride the golden spiral into bliss

>> No.53566859
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53566859

>>53566848
Have fun getting bogged, dumb fuck.

>> No.53566945

>>53565221
>daily

>> No.53566985

>>53566299
There has never been a weekly death cross before.

>> No.53567034

>>53565221
>>53565653
The moon is turning full on the 5th, we're going down for a bit

>> No.53567037

>>53566793
No idea, but it looks like we're about to find out.

>> No.53568152

>>53565673
Some anon said that to avoid this bitcoin would need to pump to ~40k and stay there for quite a while to avoid this.
Can someone who's good at this TA-wizardry confirm?

>> No.53568287

>>53566356
>People like you always forget that most of the people who bought at 16k were bobos until 15k. The bulltards shorted the bottom to make back.
So much cope in this gay post. Mumus bought the bottom (also caught the falling knife) and will continue to buy, and bobos missed the bottom. The smart ones bought this last pump and the retarded ones will FOMO in above 30k. Simple as.

>> No.53568309

>>53566371
No one gives a shit about muh deaf cwoss. All it is is boboniggers grasping at straws to stay relevant. Worst case, a whale uses it as an excuse to dump the market for a week to liquidate the longs before pumping us above 30k.

>> No.53568425

>>53568152
The death cross on the weekly chart is unavoidable. It's too late. Guaranteed to cross at this point. You have less than 2 days, anon. gl

>> No.53568472

btc historically pumps on "death crosses" so if you're just recognizing this now it's too late

once bitcoin breaks through the 200 week SMA from the downside its over, bears r fuk

>> No.53568564

>>53566403
My time frame is 10 years. It's the most accurate.

>> No.53568726

>>53565714
this is bullshit, sometimes its true sometimes its not. on slower systems (dont change much) its very easy for a bigger time frame to be too much and too slow. where does it end mister wise mista? should we use the yearly charts instead maybe?

>> No.53568740

>so much mumucope in this thread
Bearish as fuck