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/biz/ - Business & Finance

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7426626 No.7426626 [Reply] [Original]

Last moments to sell before the dip.

I warn you: 30% uptrend in 1 day is NOT sustainable. It will test the bottom again.

>> No.7426647

>>7426626
So sick of these posts desu

>> No.7426680

>>7426626
You make these posts as a way of justifying your position to yourself.

>> No.7426691

It always double tests a bottom

>> No.7426764
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7426764

>>7426691
Someone's been pulling your leg m8

>> No.7426849

market confidence is not there yet. the volume looks good but i've seen these bounces after every $1,000 level. be careful trading anon. i want to believe it's over but i have every reason to believe it's not.

>> No.7426860

Im so sorry u will lose all your money because u tethered up, and we are going up. I understand u want to buy back in low, but im afraid thats not gonna happen :)

>> No.7426893

>>7426680
And you too make these posts as a way of justifying your position to yourself. ;)

>> No.7426924

But but but I just bought in.

>> No.7426968
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7426968

Well we are heading to 9K.

Where will it double test the bottom?

>> No.7427085
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7427085

>>7426626
Breaking news: the world didn't end in 2005

>> No.7427089

>>7426626
See you at 20k

>> No.7427161

>>7426626
>>7426647
>>7426680
>>7426860
>>7427089
The Crash Course - Chapter 17 - Understanding Asset Bubbles

https://www.youtube.com/watch?time_continue=580&v=7KpwrJHC6_0 [Embed]

ChrisMartensondotcom
Published on Oct 10, 2014
Why they form & how they pop.

Through the long sweep of history, the bursting of asset bubbles has nearly always been traumatic. Social, political and economic upheavals have a bad habit of following asset bubbles, while wealth destruction is a guaranteed feature.

Bubbles only used to happen once every generation or longer, because it took substantial time for the victims to forget the pain of the damage.

But that’s changed in the new millennium. Less than ten years after the bursting of the dot-com bubble we saw the rise & bursting of the housing bubble. This is simply astounding and thoroughly unprecedented.

More astonishingly, there are now concurrent equity and bond bubbles raging across the entire financial market structure of the world.

We are in our third bubble period in less than 15 years. This new era of serial bubble-blowing signifies that we are now in new turbulent territory with which we have little historical guidance to draw on.

The recent years of money printing by the world's central banks has NOT ushered in a “permanent plateau of prosperity”. And, as with all bubbles, symmetry indicates the downslope after the bursting will be steep, swift, and likely quite scary.

>> No.7427172
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7427172

>>7426626
mark my words!

>> No.7427299

>>7426626
I can't believe the people in here who are disagreeing with you. How fucking delusional do you have to be to think this is going anywhere but down still?

Look at the fucking chart, at no level does this look like it's going up except at the 1 hour and less time. 24 Hour volume is LOW and the biggest candles in the last few days have been RED ones with only TWO greens of substantial volume. People are mostly selling still, and now we are way into overbought territory.

What the fuck do you retards think happens next?

>> No.7427392

Only 8 weeks in the last couple of years with more volume than this current weekly candle. You sold at 6K deal with it. We're back.

>> No.7427507

>>7427392
So you are basically saying:

>More people selling than ever
>Price will go up

Look at the weekly chart. You see what direction it's moving in?

Or did you think volume only counts buys?

>> No.7427632

>>7427507
Some dips en route but we are headed for 9-10K.

>> No.7427710

>>7427161
>>7427085

No fucking shit, thanks for useless brotips. That shit took fucking 15 years to grow. World economy grows, big news.

Crypto will boom again, for sure. But firstly while it's possible, I'm not sure if it will be bitcoin. Secondly, you are absolutely fucking idiot if you think bitcoin is gonna go straight up right now.

If you want to get rich you need to understand the market fundamentals and take advantage of the seasonal up and down trends. And this is absolutely fucking best time to do it, because the market is predictable because of high volumes.

>> No.7427721

>>7426626
Those bottom sellers are getting desperate

>> No.7427739

>>7427299
What the fuck are you looking at? First time since september 1D RSI indicates oversold AND highest buy volume since the existence of bitcoin. I can see the price testing the sub 7k range shortly but this is a real recovery

>> No.7427814

>>7427392
I went long from 6200 to 7600, then short from 7400 to 7200, then long till 8400 to 8200 and I have my shorts at around 8200 now.

>> No.7427846

Sell when /biz/ is green wojack
Buy when /biz/ is red wojack

Rolling out of my position now.

>> No.7427921

>>7426626
>30% uptrend in 1 day is NOT sustainable
But 40% downtrend 2 days before is, right? Kek, what a retard.

>> No.7427933

>>7427739
We saw the highest buy volumes already at 10K and guess what happened. Peak at bottom, then 27% rise and we went all the way to 6k after. Now its the same, peak at bottom, buy volume going down, resistance at top.

>> No.7427993
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7427993

>2016 BTC crashed bubble is popping guys
>2017 BTC crashed bubble is popping guys
>2018 BTC crashed bubble is definitely popping guys

>> No.7427994

>>7427814
What exchange are you shorting on?

>> No.7427999

>>7427921
>>30% uptrend in 1 day is NOT sustainable
>But 40% downtrend 2 days before is, right? Kek, what a retard.

Well, you can see it was not because we had +30% today.

>> No.7428060

>>7427993
I think you don't understand what a bubble is, because the bubble did pop and it popped every year.

Bubbles do not indicate the underlying asset is worthless and will not recover. It's just indication of overvaluation due to mass FOMO hysteria.

>> No.7428200

>>7427933
Don't even bother responding to him. He just told you he's looking at 1 day charts and he's using that to judge long term trends. Zooming out it's easy to see volume is unremarkable, RSI is insanely high still, and we have nothing but fat red candles going down and no indication of reversal.

>> No.7428211

>>7427994
The squid

>> No.7428305

>>7428211
Ah, I forgot about them. Thanks, anon.

>> No.7428613

>>7427161
BTC has had these bubbles like 3 fucking times in 8 years literally kill yourself you dumb fuck. Traditional analysis does not fucking apply.

>> No.7428668

>>7428060
We already dropped like 60% nigger. Maybe we will see 1K doe a 95% drop who knows. The worst is already over that's for sure.

>> No.7428712

>>7428668
>Worst is already over
>Bout to reach a new weekly low

kek

>> No.7428765
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7428765

>>7428668
>The worst is already over that's for sure.
i thought we were way past the delusion phase

>> No.7428813

>>7428668
HAHAHAHAHAHHAAHHAHAHAHA

We've just entered the fear stage, it lasts for a couple of months min

A new established uptrend will take YEARS maybe a decade

>> No.7428919

Already out. Sending fiat to crypto. Sell high buy low.

>> No.7428946

>>7426849
Even volume is starting to slow down. I guess money for whales will be huge from 8.5k to 4-5k. Much better then driving whole market down from 5.8k to 4k yesterday. In 2 days this thing is crashing down.

>> No.7429028
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7429028

Does anyone else think that the rising frequency of market bubbles will increase with the rapid development of technology?

Market bubbles may be commonplace by the time technology growth goes exponential.

>> No.7429123

>>7429028
I wouldn’t pull out

>> No.7429231

Guys, I have sold btc at 8k$. Should i put a buy order at 7.3k - 7.4k just for safety? I don`t know if it`s gonna crash hard or it will be small dip. And definitely i don`t wanna fomo buy at >8k

>> No.7429342

>>7429123

Ohh, I thought we were talking about Dow Jones. Yeah, I'm pulling out of the stock market for crypto. Ride or die.

>> No.7429366

>>7427710

It will be Bitcoin, but not the BTC version.

>> No.7429397

>>7427999

I noticed your trips, anon.

>> No.7429430

SHITTY FUD FROM ANOTHER FAGGOT THAT FAILED TO TIME THE BOTTOM. STAY POOR BITCH.

>> No.7429496

>>7429231
Lol u fucked up. Its gonna shoot past 9

>> No.7430061
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7430061

PLEASE GO DOWN SO I CAN BUY BACK INNNNNNN

>> No.7430088
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7430088

i'd like to add the point that the green dildo is the biggest volume dildo in bitcoin history, EVER. look at all the other dildos since late december

>> No.7430118

>>7426626
still not selling.

>> No.7430141

>>7430088
1) December is not when Bitcoin started
2) The candle includes both buy and sell volume. If you look at the direction the price went, you can understand that volume only tells part of the story anyway.

You're legit retarded.

>> No.7430144
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7430144

It's happening again
Get used to lower lows, the upward correction seems to be weakening, bear are waiting to strike
I'm in, dump it to the 4k

>> No.7430163

>>7426626
Last moments to buy before the bullrun.


I warn you: 80% downtrend in 1 month is NOT sustainable. It will test the top again.

>> No.7430201
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7430201

>people who compare stock market to crypto market

>> No.7430428

>>7427814
>I have my shorts at around 8200 now.
Good call, but you might not be able to get in anymore >>7430144

>> No.7430532

>>7428613
And this is the forth bubble and it is not finished.
Traditional analysis has worked great during the last three btc bubbles.

I know, you special, this time is differnt cuz amazing tech only you understand.

>> No.7430638
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7430638

>its not sustainable
fuck off already boomer dick loving faggot

>> No.7430701

>>7426626

>Stock market loses nearly $1 trillion on the week
>The S&P 500 fell 3.85 percent in its worst week since the ugly beginning to 2016, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices.
>That decline erased $945 billion from the index's market value, with $511 billion lost on Friday alone, his data showed.
>The nearly $1 trillion decline in market value this past week followed a record-setting month of inflows into equities in January.

Cryptocurrency market cap: $385,133,146,600

>> No.7431099

>>7426626
I'm at 50% of my ath and i wish it would go up but it's honestly not reasonable. Nothing ever does a V pattern and immediately bounces up from a big dip like this. I believe we're seeing a dead cat bounce and the floor is gonna be around 3-5k

>> No.7431866
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7431866

>>7426626

so lemme get this straight ... total marketcap wuz 837 GORILLION @ JANUARY 7th and it lost more than half?

NEWS FLASH YOU DUMB NIGGERS - YOU ARE GETTING TETHERED (tared) and BITFINEXED (feathered)

>> No.7431913

>>7430201
>>7430701
two types of idiots

>> No.7431928
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7431928

>>7430701

its a whole lot smaller because its too complicated for normies to get in you buffoon ... also it happens much faster than it did in the past

blockchain will survive crypto currencies will not - they might only be adopted as your-country coins sooner than later

>> No.7432013

>>7427161
we arent even back at previous highs, what fucking bubble are you talking about? Go lick my asshole cunt. Fucking faggot fuck.