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/biz/ - Business & Finance


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56679278 No.56679278 [Reply] [Original]

Previously at ~36550, you were told Bitcoin would pump: >>56672096 and to check 4H Stoch RSI for confirmation. It pumped to 37950 after that post.

The 4H Stoch RSI has now topped and is falling. It topped at 37950. So the 4H is now falling –> in conjunction <– with the 1W also falling from its top. The 1D is pretty low but the 1D (especially as it's not at 0 or 100) doesn't mean anything either way (whether price will pump or dump) right now considering the current positions of the 4H and 1W. Crucially this Stoch RSI data must be combined with the situation regarding the massive Rising Wedge which the market is trading BTC within; the price just bounced down from the roof of the wedge (if it had broken out above it, despite the Stoch RSI data, that would've been a bullish sign - it didn't). If a fast and sustained dump occurred from here, then BTC would hit the floor of that rising wedge somewhere between 27k and 30k (depending on the speed of the dump). If it gets to the bottom of the wedge, what you need to look out for then is whether it bounces up or falls through. If it falls through the floor of the wedge and then goes below 25k (that's currently of course; weeks from now the crucial number would be higher) then the situation would be extraordinarily bearish in an unprecedented way as the price would be significantly below Bitcoin's self-established [1] logarithmic curve which within the whales have traded Bitcoin since 2015 (they always bought in at its bottom and always sold at its top).

—————————————————
> [1] The one manifested purely by Bitcoin's price action and entirely based on BTC's candles, which was fully established in 2015 and has since been used by the whales to sell the tops and buy the bottoms (effectively causing the price to never go above the roof of the curve or below its floor; with the exception being at 15.5k where it was ever so slightly below - which was worrying enough): https://i.warosu.org/data/biz/img/0560/28/1693915553837617.gif

>> No.56679280

>>56679278
nigger

>> No.56679319
File: 13 KB, 531x551, Projection.png [View same] [iqdb] [saucenao] [google]
56679319

>>56679280

>> No.56679377

>>56679278
Your post reeks of female energy. You reflect on charts, reading tea leaves like a witch under the full moon who believes her potions will have power because she poured her emotions inside. It’s pathetic.
You’re not thinking like a man, from first principles, with energy of the sun. Just reflecting like the moon, some horoscope drivel

>> No.56679393

>>56679278
sry chudcel
i only trust tea leaves
jewlines are a scam

>> No.56679411

>>56679278
Keep us posted buddy ;)

>> No.56679564 [DELETED] 

>>56679278
Appreciate the info anon.

Do you know where we can find this full chart?
https://www.tradingview.com/chart/BTCUSD/Gam35BRX-hi/

I agree there's another dump coming. Also I think the top of next run will be about 55k.

>> No.56679593

>>56679278
You sound like a fucking midwit, noone gives a fuck

>> No.56679639
File: 237 KB, 870x2672, The Baggie-Bull Mentality.png [View same] [iqdb] [saucenao] [google]
56679639

>>56679377
>a 2018-style seething anti-TA baggie-bull appears
Extremely bearish post. Holy shit.

>> No.56679694

>>56679278
Bro you elect me to read all that. We’re in the middle of a bull run. I have to go. I’m famous!

>> No.56679775
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56679775

>>56679564 = picrel

>> No.56679913

>>56679278
Excellent analysis OP and yes if it drops sub 25k probably shit's gonna hit the fan real bad, although that's more certain at sub 24k.

>> No.56679929

>>56679377
>>56679393
>>56679593
>mumus getting angered by intelligence
Yep sure seems a crash is coming.

>> No.56681448
File: 53 KB, 610x858, indicators_exists_yk.jpg [View same] [iqdb] [saucenao] [google]
56681448

here's a visualization of what op is talking about, for the non-beliebers

>> No.56681476
File: 25 KB, 261x538, durrrrrrrrr.png [View same] [iqdb] [saucenao] [google]
56681476

>>56679278
>hurr durr muh 4hr stoch rsiiiiiii

>> No.56681488

bear niggers dont realize RSI's can remain pegged for weeks during bullruns. absolutely gonna get BTFO

>> No.56681492

>>56681476
you don't know the right parametres nor rules to make the stochastic rsi show you all the reversals.

>> No.56681497

>>56681492
>you can't manipulate the data to tell you what you want to hear
kek bearniggers in shambles

>> No.56681534

>>56681448
Don't care, won't sell, will buy the dipp.

>> No.56681565

>>56681497
>>manipulate the data
that's not what i'm doing, i'm interpreting the data in a meaningful way, through patterns, trends and broader psychological and societal perceivance.

>> No.56681694

>>56681565
>interpreting the data
hahahahahahahhahahahaha fucking bearniggers said that at 16k too

>> No.56681724

>>56679278
Ok I'll just buy more

>> No.56681734

>>56681565
bobo are you ok?

>> No.56681742

It's dumping. Oh what a shocking surprise.

>> No.56681762

Reasonable bear perspective OP. I'm waiting for the dumb bear calling for sub 10k BTC based on cherrypicked /biz/archived posts from bears who think it's coming based on their gut

>> No.56681769

>>56681694
you laugh, but you'll listen

>> No.56681802
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56681802

>>56681762
>10k is cherrypicked
You must be very new to /biz/. You can search warosu (that's the archive) yourself and you'll find countless calls for 10k made over the last 3 years, way more calls for 10k than any other target. The vast majority of the bears on /biz/ have called for 10k, not for anything else. So no, 10k is the opposite of a cherrypicked number.

>> No.56681928

>>56679278
High IQ post. Nice.

>> No.56681953

>>56681802
Called it hehehehehehe post the links buddy I know you have em

>> No.56682720

>>56679278
All the late longers will be liquidated soon. Absolute bloodbath incoming. I thought they would pump BTC to 39k to tease 40k so even more longs could be liquidated, but seems that's not happening. The dump will probably stop between 31k-28k for a while, since it crabbed in that range for months earlier. Looks like by the time it gets to 29k it will be at the bottom of that rising wedge btw.

>> No.56683358

>>56682720
When do I buy?

>> No.56683424

BTC look extended, Alts on the other way look pretty solid, I wonder how it'll play, If Alts start moving against BTC during downtrend/sideway action it might mean we officially entered a bull cycle

>> No.56683466

>>56683358
At a lower price than it is now.

>> No.56684715
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56684715

c o m f y

>> No.56684778

>>56683424
No. Bitcoin leads, alts follow. It's that simple.

>> No.56685219

>>56681802
everybody who called fo 10k is FUCKING RETARDED

>> No.56685585

>>56685219
it's programmed

>> No.56686044
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56686044

>>56685219
And everyone was retarded in 2018 for calling for 3k.

>> No.56686491

OP here. Here's an update on the current situation: I just farted. Just thought I'd let you guys know, because the fart might cause some extra volatility in the market.

>> No.56687474

itt, losers butthurt about missing the bottom.

have fun buying back in at 150k+

>> No.56688997

>>56681492
I'll bite please explain the 'correct' rules and parameters
I have asked for 3 years straight to every rsi poster to present a rules based approach that would work in both the 17 and 21 bullcycle without getting rekt
This has the advantage of historic data so you could potential goalseek your trading Algo, yet despite this advantage nobody ever delivered

Inb4 butthurt bobo
No just curious, i am a simple holder of the 4 year cycle and no Datapoint can make me sell mid cycle
So please mr bobo back up your assertions

>> No.56689106

>>56688997
>and no Datapoint can make me sell mid cycle
what about actual price tho
at what price would you capitulate?

>> No.56689183

>>56686044
right. they were retarded because btc never touched 3k.

>> No.56689184

>>56679278
>arguing about price of a bitcoin when its in 5 figures

No one gave a shit about bitcoin in 2021 it was just dogcoins pumping. This is all exit liquidity to sub 10k and crypto being long forgotten except for some niche uses of monero with nerds and drug dealers.

>> No.56689321

>>56679278
>The 4H Stoch RSI
Stopped reading here

>> No.56690069

>>56686491
Big if true

>> No.56690078

>>56689321
Yes I also believe the 15min candle is the true Chad trade interval

>> No.56690109

OP here. I forgot to set the timer on the oven for my tendies and they've come out a bit crispy and I had to throw one out. This may affect the nature of my posts from now on.