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/biz/ - Business & Finance

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53822952 No.53822952 [Reply] [Original]

Just..... make it make some sense. Because it doesn't make any sense whatsoever to me and I've been staring at this accursed chart for 6 years.

>> No.53822956

binance closed all hedgooors shorts

>> No.53823002

>>53822952
What is there to explain? It's a chart with an upper diagonal resistance probably coinciding with some moving averages or whatever that people/algos are paying attention to apparently.

>> No.53823003

They are building sell orders from retail so that it’s profitable to move the market up bigly because the market need to move up bigly by a certain date because the occult algorithm said so

>> No.53823033
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53823033

it's coming

>> No.53823035

>>53823002
naw he's saying how you have that big bear trap.
which is like, uhhh, because the bears were early.

>> No.53823068

>>53823002
but nobodies buying, humanity is circling the drain and nobodys buying. housing ath, inflation ath, ai terminator dystopia around the corner, ubi incoming, 85% of all wild biomass gone in 100 years, plastic found in breast milk and in remote mountain air itself, etc. Nobody is buying and btc is having the most epic cat bounce of all time.

>>53823003
this doesnt make sense

>> No.53823174

>people are bearish
pump it
>people are bullish
dump it
it's that simple frens

>> No.53823208

>>53823068
>nobodies buying
that's literally all im doing idiot

>> No.53823213

>>53823068
>plastic found in breast milk
yea, I mean, I'm surprised that's not more pronounced in bitcoin's price.

>> No.53823239

>>53823213
one has to consider all ingredients in the zeitgeist

>>53823208
nobody cares that bizanons are buying idiot nigger faggot idiot. Normies arernt buying. theyre barely eating. that's what matters

>>53823174
good answer. what do you suppose is their go-to tool to measure the pulse of the masses?

>> No.53823246
File: 304 KB, 1603x1183, 2019.png [View same] [iqdb] [saucenao] [google]
53823246

>>53822952
I can explain with 2019 data.

>> No.53823257

>>53823068
>but nobodies buying
actually the price goes up only if someone is buying
that's how it works, it's like not even basics, just definitions

>> No.53823280
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53823280

>>53823257
see above. nobody real is buying. lizards sitting in front of 13 monitors counting their exchange fees arent people.

>>53823246
cherry picked as hell

>> No.53823307

>>53822952
Zoom out to the weekly. Overlay chart onto the market cycle chart. Realize each one of those candles in 1 week.

>> No.53823308

>>53823280
i don't think you can train a lizard to buy crypto anon, i mean maybe yes but realistically i don't think that's the case at all

>> No.53823413

I mean, to be fair, my explanation for the feb 1st onward pump is the fed being dovish in preparation for the state of the union address, just pump the whole economy.
e.g. it should be going down, but the fed reversing their stance fucked it up in the short term, and the market is not going to continue in this direction, so gonna be alot of confused bulls only reading charts not using their brains.

>> No.53823620

>>53823239
>immediately proven wrong
>new cope deployed
suck shit faggot, cope.

>> No.53825567

>>53823620
your 3rd grade insults , combined with the lack of an actual response, is very satisfying to read. please respond with even more cope

>> No.53825717

>>53823246
What's the explanation?

>> No.53825744

>>53822952
why do you normies struggle so much to use an actual charting app?

>> No.53825754

>>53823068
>nobodies buying
How do you know?

>> No.53825760

>>53823257
>actually the price goes up only if someone is buying
the price goes down only if someone is buying, too

>> No.53825771

I know lots of normies who have started buying.

>> No.53825816

The normies are trickling back because every other investment is burning them too hard. Every sane normie with cash is considering BTC. Watch the next few weeks as their rhetoric changes. BTC will pump inversely to real estate.

>> No.53825834

>>53825771
The normies are coming. Let's try not to spook them.

>> No.53825887

>>53823239
>Normies arernt buying
they are waiting for the top. thats where they like to buy

>> No.53825912

>6 years
then you shouldn't need to look at a chart ever again

>> No.53826808

>>53825887
Nah. They start coming about this point in time.

>> No.53827053

>>53825744
Actual charting apps look like dogshit on a 90 day chart. So, you're welcome, normalfagggot.

>>53825771
have they verbally expressed their logic? can you relay that info for us?

>> No.53827243

>>53823068
>but nobodies buying
Everyone is buying, not you.
>>53823068
>humanity is circling the drain and nobodys buying. housing ath, inflation ath, ai terminator dystopia around the corner, ubi incoming, 85% of all wild biomass gone in 100 years, plastic found in breast milk and in remote mountain air itself, etc.
Take your fucking medicine and go outside you fucking faggot.
>>53823068
>Nobody is buying
My coinbase trade order says otherwise.

>> No.53827259
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53827259

>>53823239
>Normies arernt buying.
Who cares? You fat fuck.

>> No.53827282

>>53825760
>the price goes down only if someone is buying, too
No.
That's not how that works, the price goes up when demand is high, the price goes down when people are selling and the demand isn't high.
Read supply and demand.

>> No.53827558

>>53827282
That's utter nonsense. Every transaction has a buyer and a seller. The price can't go up or down unless there is a transaction. The amount of buying and selling is always exactly equal.