[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 951 KB, 1103x522, Capture.png [View same] [iqdb] [saucenao] [google]
7545636 No.7545636 [Reply] [Original]

BELOW 8K AGAIN!
>BELOW 8K
BELOW 8K
>BELOW 8K
BELOW 8K
>BELOW 8K
BELOW 8K
>BELOW 8K
BELOW 8K
>BELOW 8K

THIS IS IT, THE FINAL CRASH. INTO UDST UNTIL THE BOTTOM BOYS!

>> No.7545663

100x short and the rest in LINK

Good times

>> No.7545690

>>7545636
Lol troll are troll

>> No.7545711

The smart half of biz has been tellin you guys the crash isn't over yet

That doesn't mean don't buy at all, it means don't get caught hodling

>> No.7545753

Same dip every night and every night you panic like faggots.

>> No.7545780
File: 152 KB, 750x587, bpT7MhtufgGpi9.png [View same] [iqdb] [saucenao] [google]
7545780

>>7545663
>100x
BitMexicans are going to trigger the landslide

>> No.7545792

>>7545636
Please go down more, i need to re enter.

>> No.7545810

>>7545753

Same bull trap every week and you fall for it like faggots

>> No.7545849

When the fuck this stupid bear market ends?
I thought we were recovering :(

>> No.7545885

>>7545849
As everyone with a brain on this board has been saying.
The bear market will end once BTC hits 4-5k. That is the floor, 6k was a false floor and the 9k was the last bounce.

>> No.7545949

>>7545885

Yeah, we will have ot hit 4-5k. that will be the true test.

Note that there is a *chance* it may even rise back to 9000 again in the short term. Do not be fooled again if we have not had the major dip yet.

A dip to the 5000s has to happen. It could go even lower btw.

>> No.7546096

>>7545885
>>7545949
WHY? Explain me like the fucking brainlet I am. How did you defined 5k as the mark for the reversal trend?

>> No.7546130

>>7546096
Imposition of will.
It's all a mind game.

>> No.7546165
File: 203 KB, 2680x1780, NASDAQ-Chart.png [View same] [iqdb] [saucenao] [google]
7546165

>> No.7546172

>>7545949
>>a dip has to happen
poorfag

>> No.7546500

>>7546096

Keep in mind that despite what hopeful people say, we are still in a downtrend on the timeframes that matter for establishing an end to the bear.

It has to go up or down at some point, and bear market means it will overall go down. Two steps backward, one step forward. Indicators do not show enough strength (even with blatant pumping manipulation) to break the 10k barrier. So when it bounces off of resistances, it will go down.

On the way up, supports were not properly tested, and further more, the 7600 and 8000-8200 supports have already shown a tendency to break down. That shows overall weakness in the market.

So we are still behaving bearishly. we bounced off of 5800-6000, but that was not true support, it was a pump that was sparked by whales (I watched it realtime) and resulted in FOMO buys. Whales then strategically bought at resistance points to get TAs on board with the "bullishness"

BTC is basically a pump n dump coin right now.

When whales finish taking profits on the latest pump, it resumes its organic downtrend, we will test the support for real this time, and to be honest, it is unlikely to hold. As Tone Vays explains, the 5000 support is actually weaker than the 7600 support, which has not been reliable.

If 5000 breaks, we might start to see a capitulation move, which was close to happening, but averted last time by the pump

If capitulation dumping happens...we could see levels as low as the 1000s.

Yes, really. I would DEFINITELY be a buyer there!

I will also chance a buy at 5000s or so when it arrives, but while watching the market closely in case it breaks down.

>> No.7546590

>>7546500

By the way, if the most bearish scenario happens, it will not happen over night. As bearish as I am, I just bought 8000 with a tight stop loss (afterbuying 6000 days ago and selling 9000 earlier) just in case we get one more pump before heading down.

>> No.7546628

>>7546590

Meant to say bought 6300. Waited for the double bottom + volume spike + breakout to confirm reversal. Will use similar strategy to find the next big reversal. If it starts falling hard in next couple weeks, don't FOMO in at any particular price, wait for clear sign of reversal beause capitulation dump could be dangerous.

>> No.7546684
File: 101 KB, 363x275, bitcoinpinkman.png [View same] [iqdb] [saucenao] [google]
7546684

>> No.7546842

>>7546500

Since that was all kind of technical, here is the non-technical explanation to think about what the charts are reflecting:

At the moment there isn't enough FOMO in the market. So people have very little incentive to buy 9k or 10k btc. It seems like a risky investment to people is my guess.

Going from 20k to under 10k really shook peoples faith in BTC for now. Instead, people are viewing it as a quick flip opportunity.

However, as prices lower, the perceived risk does also.


We need to find the level where people once again see BTC as an investment wher the reward (greed) outweighs the risk (fear). That psychological point has not been hit yet, as reflected by the charts.

>> No.7547140

>>7546842
Fantastic explanation

>> No.7547234
File: 70 KB, 1279x543, leonardo-dicaprio-jonah-hill-snorted-this-powder-on-the-set-of-the-wolf-of-wall-street-708729.jpg [View same] [iqdb] [saucenao] [google]
7547234

>>7545636
I want this shit to fall baby!!

>> No.7547302

The bulls and the whales are putting up a good fight. But how long can they hold the 8k line against this monstrous hoard of bears?

>> No.7547615

>>7546500
Why would whales buy at the 6k range instead of driving it down further for more profits? If it was going to drop organically, why waste their time on a pnd at such a high price and risk the price dropping further?

>> No.7547689

>>7547615
Pumping repeatedly lets them start upward trends that bulls buy into, which they can then exploit by selling at peak then rebuying to pump again later.

Whales benefit from exploiting bear markets. They make more if they can pump more often while the unstable bear market lasts.

>> No.7547742

Gdax is basically the last nonpajeet exchange to not dip below 8k. Can the whale be silenced?

>> No.7547789

>>7547742
Yes.
The resistance is getting weaker and weaker. It's a pretty clear indicator that the floodgates are about to close and the BTC price will start dropping like a stone. Expect it to hit 7k within the next 24 hours.

>> No.7548985

STILL BELOW 8K AHHH

>> No.7549074

>>7546096
Because volume did not pick up. Bulls are not strong enough to hold it at this level for now.

>> No.7549205
File: 2 KB, 125x125, 1518158710404s.jpg [View same] [iqdb] [saucenao] [google]
7549205

>>7546500
>long ass TA fairy tale
Stop spouting bullshit.

>> No.7549447

>>7546500
>>7546590
>>7546842
good posts

>> No.7549541

>>7546500
>I will also chance a buy at 5000s or so when it arrives, but while watching the market closely in case it breaks down.
What signs would indicate that the 5000 level is breaking down?

>> No.7549555

Well it's below 8k and staying there now, that is not a good sign for people saying that it's recovering.

>> No.7549593

>>7546500
based

>> No.7549615

>>7546500
>but that was not true support, it was a pump that was sparked by whales
mental gymnastics.

>> No.7549621

>>7545711

This.

>>7545753

Not this. We’ve seen something like a $1200 drop in the past 48 hours, that has not been happening very much if at all since we hit 6k. There would be a pump and then daily dips and rises of around $200 before another pump

>> No.7549695

>>7549541
hahaha get ready for 8800 tomorrow loving this

>> No.7549725

>>7549695
Delusion

>> No.7549740

>>7549695
you do realize the 8k buywall which was 400btc tall got annihilated within minutes right?

this shit is going to 6k at least

>> No.7549750

>>7545636
BTC will crash to 4500-3000 with one major trap on its way down only to make a (barely) new ATH in 3 months, with BCH trading near 1:2 to BTC. That'll be the last run on the back of the old man and that's exactly when you must sell for BCH and another BTC fork that barely mentioned on /biz/ but consistently strengthens compared to BTC every time it crashes (and whose airdrop will very conveniently end at the same time).
This is a million dollar post.

>> No.7549810

Just hit 7.8k
No fucking resistance at all.
This is it.

>> No.7549906

>>7549615
This

>> No.7550861

We are getting annihilated here, its a slow death still.

>> No.7550898

>>7549750
details please senpai if this brainlet doesn't make it I will end it all

>> No.7550906
File: 139 KB, 876x1200, 72qgbct2x6e01.jpg [View same] [iqdb] [saucenao] [google]
7550906

It's going to 5.8K, the 0.5 fibbonacci.

>> No.7550916

if anyone of you retarded faggots could read a chart you would know that a double bottom is a good thing for healthy growth.

>> No.7550924

It's like nobody's falling for this shit any more. How many times can you use the same cheap tricks before they just don;t work any more?

>> No.7551066
File: 309 KB, 504x551, ttttt.png [View same] [iqdb] [saucenao] [google]
7551066