Am i only one who sees it?

[Anonymous No.7891499]

BTC is in a huge downward channel, at first i thought it was ABC correction, but we got repelled at 12k, so now its pretty clear its ABCDE instead.
That means the next stop is at 2.5k.
But in those crash-like situations panic selling usually drops the price way below the designated bottom of the channel, so i think its gonna go straight to 2k. May even touch 1k briefly.
Any TA faggots around here? Maybe im wrong?

inb4
>muh memelines
>believing what lines predict the future
>etc

[Anonymous No.7891534]

2.5? ARE YOU MENTAL

[Anonymous No.7891553]

>>7891534
Show me your proper meme lines then

[Anonymous No.7891596]

100K EOM SCREENCAP THIS

[Anonymous No.7891617]

Everybody saw the downtrend channel.
6000 was the 32.8% retracement, quite predictable.
It points to 2500 but that's a very bad scenario, Idk Trumps should ban Bitcoin or Binance should exit scam to go down there, really hard right now.

Sooner or late will berakout, been rejected again at the resistance would be bearish but now that bearish again.

[Anonymous No.7891621]

objectively correct.

[Anonymous No.7891637]

>>7891553
>proper meme lines

its going negative. miners will pay you to take bitcoin from them. the charts don't lie

[Anonymous No.7891638]

Put a k at the end of my dubs eom

[Anonymous No.7891643]

You're right OP

Ignore these fucking retards who don't remember Bitcoin was 1k a year ago

Utter delusion

[Anonymous No.7891719]

>>7891617
Do you really think what news affect the price? I think they dont, people are just blaming the drop on any negative news that are currently floating around if the price is dropping.
As far as i remember Ripple started its run way before any positive news. Everyone was scratching their head and thinking "wtf is causing this run".

[Anonymous No.7891756]

>>7891637
oh god, that chart is fucking great

[Anonymous No.7891814]

>>7891499
nigga wtf are you even doing

those are the memeiest meme lines i've ever fucking seen. You're literally just drawing whatever you want but trying to make it look like you're doing something

[Anonymous No.7891825]

>>7891814
SHOW ME THE PROPER MEME LINES THEN YOU FUCK, ty

[Anonymous No.7891871]

$2.5k and I’ll sell my other nad for some more (I sold the first for LINK)

[Anonymous No.7891911]

>>7891729

[Anonymous No.7891948]

>>7891499

[Anonymous No.7891984]

>>7891948

>there is only one TAfag on /biz/

If you can't see that TA is of variable quality then you're the brainlet

[Anonymous No.7892264]

Elliot waves. So hot right now

[Anonymous No.7892287]

>>7891499
Thanks op saving this for my collection of retarded TA cucks. You guys never learn, how much time do you have to get liquidated to stop ?

[Anonymous No.7892291]

how do people get this fucking retarded?

[Anonymous No.7892295]

>>7891643
Yeah, and ignore these fucking retards who don't remember that 2 years ago it was 0.1k

You stupid idiot

[Anonymous No.7892323]

right on. opened this the other day because ez money

[Anonymous No.7892357]

>>7892295
You're the only idiot
Bitcoin wasn't 0.1k 2 years ago either you stupid fucking idiot

[Anonymous No.7892360]

>>7892264
Elliot waves are the biggest bullshit in TA.
There's so many ways to draw them it loses all meaning.

[Anonymous No.7892451]

>>7891499
so you're telling me we're heading higher? Nice

[Anonymous No.7892484]

>>7891984
The market can't be predicted. Also not surprised a TA fag like you couldn't understand the picture.
>m-muh TA
Go leverage x100 and become a millionaire since TA works.

[Anonymous No.7892500]

>>7892360
>>7892264

Elliott waves are literally the most subjective pieces of shit in TA possible. The only thing it's useful for is marking up an already half-way complete wave pattern to speculate where it'll peak based on some resistance and support levels, market sentiment and price action.

If elliott waves are not used that way, they are bullshit. It's just a visualisation tool.

[Anonymous No.7892534]

>>7892295
would worry me even more dumblet

[Anonymous No.7892565]

You're retarded and so is your TA. Would take too much time to explain where you went wrong better if you figure it out yourself but 8900 is the lowest it will go

[Anonymous No.7892590]

>>7892565
>blahblahblah
just show ur own meme lines retard

[Anonymous No.7892764]

>>7892484
>The market can't be predicted. Also not surprised a TA fag like you couldn't understand the picture.

You don't understand what TA is then. It's a tool to identify entry and exit points based on current price action and market sentiment.

It is not a tool of prediction, and only retards like OP and you thinks it is. TA only identifies points of resistance/support. From there you can identify possible exit and entry points, possible trend reversal points and patterns. The person looking at the TA can take guesses at what's *likely* to happen, but won't ever be able to predict it, but it does help them to trade intelligently based on what the market does during and after these critical points.

There are *some* cases where you can make fairly accurate predictions, but they are few and far between. For example, a TAfag could've looked at BTC a few days ago and reasoned that a correction was likely, simply based on the fact that the growth rate was unsustainable with the current market volume, and that there was too little volume to break the downtrend from 20k (had they drawn trend lines they would also see a rising wedge, typical trend reversal pattern), and then make an educated guess that it would return to the growth rate before the bull run from 9k to 11.5k (thus ending up at 9.5k-10k).

[Anonymous No.7892775]

>>7892500
idk, i think fibonacci lines would give elliot waves a run for their money when it comes to useless subjective bullshit

[Anonymous No.7892812]

>>7891825
nah, its much more fun to watch you lose money

t. 7 years of watching crypto price movements

[Anonymous No.7892865]

>>7892812
>too stupid to draw his own meme lines
>criticizes others
whatever, mate

[Anonymous No.7892866]

>>7892775

Elliott waves and fib retracement can be used together to form a more complete picture, but again, it's still very speculative unless you have an already established pattern to work off.

For example, you have identified some key points of resistance and you have already a good way into wave 3 of an elliott impulse wave. You can speculate with some degree of accuracy what the retracement will look like and what wave 5 will look like by using fib retracement combined with the identified elliott wave pattern.

If you are already a good way into wave 5, you can do the same to speculate what the ABC correction will look like, if you think it'll be followed up by one. Elliott waves and fib retracements are subjective as fuck and can only be semi-reliable if you base it off an existing pattern.

Example of what I spoke about earlier, by the way, with regards to reasoning your way to a correction.

[Anonymous No.7892913]

>>7892865
I don't need lines to tell what's going to happen, because I'm a genius.

*puts on flameproof suit*

[Anonymous No.7892921]

>>7892764
10/10 post anon, you spoke my mind