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

/biz/ - Business & Finance

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File: 28 KB, 711x475, 2023-04-14 02_16_25-30774.56 Bitcoin Live Chart _ Binance BTC_USDT Live Crypto Tracker _ Cryptowatch.png [View same] [iqdb] [saucenao] [google]
54586156 No.54586156 [Reply] [Original]

Should we be concerned about this?

>> No.54586170
File: 37 KB, 888x777, 1660949827108712.png [View same] [iqdb] [saucenao] [google]
54586170

>>54586156
Nah. Long now!

>> No.54586202

>le meme lines

>> No.54586700
File: 4 KB, 250x236, 1671163836612587.jpg [View same] [iqdb] [saucenao] [google]
54586700

>>54586156
>>54586170

>> No.54586710

>>54586170
THE SOICHASTIC RSI IS OVERBOUGHT AHHHHH!!

SOIIIIII

>> No.54586721
File: 62 KB, 1432x821, 1669349598988229.png [View same] [iqdb] [saucenao] [google]
54586721

>>54586156
I bought a bunch of BTC at 16k because of this memeline on the inverted chart, now your memeline is actually concerning me

>> No.54586812

>>54586156
Rising wedge means its more likely to break down than up, that's it. That being said we are due for a correction.

>> No.54586876
File: 1.47 MB, 2000x1080, trading patterns.png [View same] [iqdb] [saucenao] [google]
54586876

>>54586812
dessu dessu

>> No.54586922

>>54586876
the contact points make it an ascending triangle, and not a falling wedge, right?

>> No.54586938

>>54586922
Rising wedge, as >>54586812 said. Not a falling wedge or an ascending triangle. Bearish only.

>> No.54587067
File: 11 KB, 293x372, le_john_ebin_face.jpg [View same] [iqdb] [saucenao] [google]
54587067

good thread, longs will be liquidated

>> No.54587516

>>54586721
now this is kino

>> No.54588228

During every bull you see these and other TA like long legged doji's and they never go bearish. Just invalidation after invalidation until everyone is in. Then the bubble pops. Way too much money on the sidelines.

>> No.54588295

>>54586156
lol thanks op had a good laugh out of this pic

>> No.54588449

>>54586170
let's see an updated chart

>> No.54588545

>>54588449
That's the 1W chart from April 13th: >>54579710
Since it's the 1W chart it doesn't look any different now.

>> No.54588754

>>54588545
Oh ok, it'll be interesting to see what it looks like next week. Will you post it here?

>> No.54589559
File: 170 KB, 360x346, 1675800954384903.gif [View same] [iqdb] [saucenao] [google]
54589559

>>54586170
There are people on /biz/ right now who unironically are longing.

>> No.54589685

>>54586156
it will break up, violently
happened many times in 2021, its due to FOMO slurping at the lower trendline which crescendos into an orgiastic gigapump
THEN, it nukes into oblivion

>> No.54591414

>>54589685
>it will break up, violently
Nope. See: >>54586876
>bearish only

>> No.54591656

>>54586721
Dam you’d think a break out in such a large descending wedge would last longer then a few months