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/biz/ - Business & Finance

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File: 167 KB, 838x1092, link.jpg [View same] [iqdb] [saucenao] [google]
57764775 No.57764775 [Reply] [Original]

What's that candle called?

>> No.57765214

>>57764775
Spinning top. It's usually bullish

>> No.57765235

>>57764775
look at that smaller spinning top, at the very left of the chart

>> No.57765435

>>57765214
>>57765235
So next stop at $28?

>> No.57765698

>>57765435
don't bet on it

>> No.57766110

>>57765435
With how much sergey is selling on the market id say 22

>> No.57766470

>>57765435
It's literally a finished cycle lol

>> No.57766743

>>57765435
It's hard to say, the shape of the chart is kind of short term bearish. If you follow elliot-wave it looks like it's at the B peak, but the spinning top is an interesting candle. Try to read it a little and think what it might mean: there is both aggressive buying and selling right now. In other words, there's a lot of interest in the asset. I would say the spike down is a more reliable reversal indicator, but if you look at the top of the chart you see a bunch of candles with spikes going down. If you think about what that might mean, my interpretation is there are a lot of people eager to buy the dip, but the top spike means there are also a lot of people eager to sell as the the asset gets high. So....I think the shape of the chart would win here and my guess is it's going to go down and correct, as will most other cryptos and stocks, but there are clearly people ready to buy the next big dip, so you might have a dramatic turn around after the correction. $28 for sure, but first $14. My two cents.

>> No.57766770

>>57764775
the coinbase manipulation wick

>> No.57767663

>>57764775
I call them sledgehammers since they swing in and obliterate leverage positions and stops.

>> No.57768371

>>57766743
yeah the spinning top is very interesting

>> No.57768405

>>57766110
why does he keep selling? chainlink operations can't be that expensive

>> No.57768419

>>57766110
>>57768405
the outperformers have dumped more than link, there are a lot of reasons to shit on it but the dumps are not the cause

>> No.57768432
File: 82 KB, 1080x931, YoYggvlDMQ.jpg [View same] [iqdb] [saucenao] [google]
57768432

>>57768405
you're totally right bro these chains need to be more decentralized if we can do something about the whales and increase the security and decentralization of the chains we can change the world through blockchain and if you think about it we could create a new type of economic system that relies on the blockchain so people no longer live in fear of losing all their money due to the bank we could also eliminate inflation and people could finally be in charge of their money imagine that

>> No.57768477

>>57764775
The dreidel

>> No.57768587

>>57765214
>>57765235
what makes those shapes? is the rectangle height volume based?

>> No.57768818

>>57764775
The "godlike institutional adoption news followed by instant Bitcoin fuckery" pattern.

>> No.57768914
File: 723 KB, 1074x825, Sergey quantitative eating.jpg [View same] [iqdb] [saucenao] [google]
57768914

>>57764775
The neutron star!
The second heaviest object in the universe after Sergey!