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/biz/ - Business & Finance

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56938913 No.56938913 [Reply] [Original]

>>/biz/?task=search&ghost=true&search_text=44k+resistance
>>/biz/thread/S56895701#p56895725
>>/biz/?task=search&ghost=true&search_text=2013+2022+support+resistance
>>/biz/thread/56901635#p56901680

Picrel. The yellow line visualizes the area the market traded as support for Bitcoin until September 2022. In September 2022 that support failed, and began to be traded as resistance. BTC recently went over 44k (44.72k Dec 8) which is roughly where the resistance is now. And now BTC was thrown the fuck down, after testing the resistance for a few days. Most of the market thought "It's not going to break through..." and sold. Hence the dump.

>> No.56939318

>>56938913
That line is thicker than 1 month on the chart gyat damn

>> No.56939362
File: 90 KB, 1200x887, diplent mumu bobo slurp.jpg [View same] [iqdb] [saucenao] [google]
56939362

>>56938913
Gonna slice through it like butter 72 hours from now

>> No.56939368

>>56938913
you didn't warn anybody faggot. I did. Every pump must have a dump. If it jumps back up it will go past 50k for sure.

>> No.56939370

>>56938913
Some wicks on a logarithmic chart over the years on the weekly bounced off a line. So what? That does not make the line important. If it goes above, then it will go up regardless of a stupid fucking line.

>> No.56939377

>>56938913
That line is like a thicc Latina co worker you want to impregnate

>> No.56939433

just bought more thanks for the buy signal

>> No.56939503

Can someone screenshot this thread and add it to a collage?

>> No.56939570

>>56938913
>my imaginary lines
KEKW

>> No.56939689

>>56939318
>>56939377
>>56939570
>g-g-g-g-guys look at this l-l-l-l-l-liiiiiiine (that's simply there to illustrate where the support/resistance was/is)
Remove the "line" and the support still is where it is. The market still established the support and still traded it the way it did, and still the market then traded the failed support as resistance. With or without the visual aid of the line.
>>56939370
The market disagrees with your feelings. The market traded BTC the way it did.

>> No.56939837

>>56938913
Bitcoin follows a logarithmic growth chart, eventually the price will become horizontal, but we aren't at that point yet

A straight line is going to tell you nothing.

>> No.56940058

>>56938913
>linear trendline on information presented in log scale
oh me oh my you absolute retard child

>> No.56941186

>>56939689
Who said anything about my feelings. What I am saying if it goes up, it goes up. Regardless of a stupid line. Just like how it went under that line. Retard