/biz/ - Business & Finance

[Anonymous No.56942171]

Isn't this a bullflag? Why did we dump then?

[Anonymous No.56942181]

>>56942171
because the whales that would push that bullflag thought it was too expensive after seeing 45k sellwall

[Anonymous No.56942186]

>>56942181
Where can I see the 45k sellwall?

[Anonymous No.56942190]

>>56942171
>paint bullflag and dump it
>paint bearflag and pump it

[Anonymous No.56942211]

>>56942186
in my asshole, this move up to 45k from 40k was just a short squeeze. Now starts the real moves, if it's a real bull it should pump back up to 44k next coming days

[Anonymous No.56942250]

>>56942171
whales created the bullflag to trap npc's at the top. Check the orderbook,they were holding the price up

[Anonymous No.56942257]

>>56942171
When they said it was gonna crash to $10k i think they meant $42k lol, what a shit crash

[Anonymous No.56942262]

>>56942186
It's called the order book. If you looked at it during the entirety of this weekend, you would've seen tens of millions just waiting for the shit to pump back up between 44500 and 45k so they could drop it.

Sometime after midday on sunday, after the thing failed to stay above 44k for the bazillionth time, the whales finally stopped setting up buywalls below the comatose price and that was the cue for the bears to dump this shit by 4000.

[Anonymous No.56942264]

>>56942171
it's a long squeeze. just stop trading, you're not having the same information as the people do who produce such a candle.

[Anonymous No.56942293]

>>56942190

[Anonymous No.56942298]

I'm just amazed at how many genuine and honest, helpful answers this thread is getting.

[Anonymous No.56942318]

>>56942298
Yeah same

[Anonymous No.56942337]

>why did my astrology not work
Many such cases

[Anonymous No.56942374]

>>56942171
Lesser echelons of a trend always give way to the superior. Familiarize yourself with the concept of primary, secondary, tertiary trends.
A bull flag on a minor trend on the daily, or is this the 4h? Gives way to the simple uptrend on the weekly and monthly. For which it is perfectly typical to have peaks and troughs.
The more granular you make your data the more noise you get. I hope you /biz/lets will stop red eyeing the tick.

[Anonymous No.56942382]

>>56942171
to liquidate longs, then when they open shorts, they liquidate it by going up, it is the game manual.

[Anonymous No.56942393]

>>56942264
This. Just sit it out for now.
Imagine swinging now and then suddenly it starts pumping again, pricing you out.

[Anonymous No.56942400]

>>56942298
it's european hours, there is always a small time window of intellectual and cultured discussions here shortly after the last american NEET passes out and before the first one wakes up on the east coast.

[Anonymous No.56942427]

>>56942400
and before turdworlders wake up and make avax and other shit threads.

[Anonymous No.56942459]

>>56942171
They're just trying to shake me out but don't worry, once they realize I'll ride it to zero they'll move on and let the real pump begin.

[Anonymous No.56942476]

>>56942171
Yes, long with 20x leverage

[Anonymous No.56942498]

Do I hold or sell off my btc?

I still profit despite the dump

[Anonymous No.56942514]

my first guess was, long liquidation for next leg up

[Anonymous No.56942555]

>>56942171
who do you think makes the most money? the people buying bitcoin or the people that own the exchanges?
guess how the exchanges make money

[Anonymous No.56942558]

>>56942293
this is a subversive bobo post, mumu doesn't feel schadenfreude like bobo does

[Anonymous No.56942573]

>>56942171
It was a distribution.
We are still in the late phases of that

[Anonymous No.56942585]

Just hold you stupid greedy niggers. It will go up and down over the next year but ultimately end up over 50k easy. Stop trying to trade when whales and cexs decide the price

[Anonymous No.56942620]

>>56942585
It still amazes me how many fall for the trading meme
When even the high timeframes dont go as intended
I mean where is that rsi spammer, you know the will of the market guy, short since 30k wonder how thats working out for him

[Anonymous No.56942633]

>>56942573
Not even close. Distribution phases are not micro. The last one has long passed

[Anonymous No.56942650]

>>56942620
I sharted 44.7k since it pumped a bit too hard recently but agree with anon above. Most people should just fucking hold because it goes up over time (fiat has no bottom)

[Anonymous No.56943116]

>>56942558
>>56942650
I honestly can only feel safe guessing on whether prices go up and down after spiking or falling in a bear market right after the top.
It's pretty clear to me how the fruit is squeezed in that phase while these upward momentum jumps and scares just tickle my bullshit detector to the point I'm convinced it's basically whale moves meant to squeeze all the gamblers dry from 'shorting' or whatever it's called.
I can not trust anything upwards but I can spot a obvious cycle top whenever I see it from hype and sentiment.

Probably, for the better I'll just keep on holding and let the speculators do their thing while I stay comfy.
I think next real bull will be overly massive and probably drop down fast to an even shorter crabbing period followed by no real bear market phase, btc 100k->70k or w/e. Or extreme volatile bear phase just because the exchanges get so fat from liquidating all the gamblers in that phase.
And why the actual #¤%& does MSM report on 500k btc next cycle. I have got not clue on that. It'll reach 100k easily, but the top is probably never really priced in when the mania hits. It's almost comical how fast institutions are being propped up to accept buying crypto next bull already.

[Anonymous No.56943220]

>>56942181
>sellwall
cant believe i share a board with such retards
>>56942171
because price was not balanced, we are overextended to the upside and every excess needs to be revisited sooner or later

[Anonymous No.56943237]

i'm just gonna keep doing my monthly dca, i was one of the retards that bought near ath last cycle and because i kept buying i'm +68% on my btc position

[Anonymous No.56943250]

>>56942171
Is this you, OP?

[Anonymous No.56943717]

>>56943116
>And why the actual #¤%& does MSM report on 500k btc next cycle.
They do that shit for one purpose alone - to try and hype up the retail into buying the institutions' bags. The very second that they catch a whiff of that happening, via volume levels, guess what - they dump all their bags and then buy cheap at the bottom again, which starts the REAL bullrun.

I am still not 100% convinced this is it. Still have 4+ months to go before the halving - PLENTY of time for us to do a couple of cataclysmic ultradumps down to base level between 15k-21k and then we gently pump it back up for the real thing. This is literally what happened the last go around in 2020.

[Anonymous No.56945487]

>>56942171
this is just a slight roller coaster, we literally passed the same for the 30k, this doesn't even scare me anymore, even if we go even lower I still have SPX as a backup plan

[Anonymous No.56945702]

>>56942298
Its almost time for a black swan event, lad. The oldfags are waking up, and helping the lads

[Anonymous No.56945718]

so remind me again, when are alts supposed to moon? if they dont go up when BTC goes up, or when it crabs, or when it dumbs, then when? this shit dont make any sense.

[Anonymous No.56946813]

>>56943717
>Not sure this is the bull
I'm almost certain it's not a real bull.. I feel their short of breath and I read here on /biz/ two days ago some 'insider' said some of the confiscated btc the american gov had accumulated was about to be dumped, and yesterday we saw some liquidation.
They might start the real bull this q1 next year as I have fealt it would be for for about half a year now, but as far I am concerned I'm in no hurry to see it take off before its time. So it can as well be into late 2025 or even 2026 for that matter and I'd be fully content with that. But the current movements just scream to me like they need something to settle on sooner rather than later and for that they need some sort of another top. You're probably completely right about a new bottom sub 20k but even that's not too certain to me. My schitzo half tells me otherwise. The reason it might not go sub is how I feel like whale control of market movements was too abrupt last/this cycle and, to me, had the notion of intern conflict between interests - perhaps something like the american gov. controlling assets, some branch or another group having different interests but ned to play it out for common benefit. It really felt strange how it was played out, to me, maybe this one will be more by the book but let's see. We got time.

[Anonymous No.56946987]

>>56943220
dumbass

[Anonymous No.56947010]

>>56942171
Because normies and msm started getting euphoric. Learn yo sell when there is obvious sell signals

[Anonymous No.56947045]

>>56943717
>>56946813
The thing is, it is becoming too predictable that everyone and their moms are anticipating a similar pattern of a sudden drop before the halving. What if it never comes and it’s all crab upwards from here? We know shit from fuck so who the hell knows what the whales have in mind for us since they control the prices.

I ain’t sitting on the sidelines this time waiting until 60k then fomo. Fuck that noise

[Anonymous No.56947351]

>>56943717

[Anonymous No.56947372]

>>56942171
BTC never in its history had more than 8 consecutive green weeks. In the future if you ever see 8 consecutive green weeks, know it will crash.

[Anonymous No.56947513]

>>56947045
>Halvening
To me, the halvening is only influencing miners, not the speculators and their macro cycles.
It's true you can read something into the last halvenings, but yes it's of course not guaranteed to have any effect next time.
>Too predictable
Well maybe the whales need to step up their game then. It always was about scooping up btc as the tether and circle gang always got permission on print more shitcoins like some of the other enterprices and projects but I haven't seen heavy price manipulation on some protocols like Monero.
They're very specific targeted what to buy and that's why btc will wimper out after perhaps only a few more cycles, followed by whatever moonshot project they have set their fangs into.
The real golden gooses will be those they're setting eyes on next, while the flippening perhaps never will happen unless something breaks.

[Anonymous No.56947559]

i knew the moment i was taking portfolio pictures a crash was bound to happen, as a fellow wojak we just can't win

[Anonymous No.56947806]

>>56942171

Because only suckers fomo in after a multi-day rally it cannot sustain itself. Next time remember who told you to FOMO in and don't listen to them again