/biz/ - Business & Finance

[Anonymous No.8225392]

Uptrend comming.

[Anonymous No.8225410]

>>8225392
Is not ir really a bearish down trend flag?

[Anonymous No.8225422]

>>8225410
Double bottom?

[Anonymous No.8225433]

Beautiful volume

[Anonymous No.8225440]

>>8225410

[Anonymous No.8225441]

>>8225392

[Anonymous No.8225485]

Imagine this is the day with the highest percent in recovery! be prepared

[Anonymous No.8225503]

>>8225485
BIG IF TRUE

[Anonymous No.8225530]

>>8225392
FUCK! It's the flying Dracula! Bull run back on the menu bois!

[Anonymous No.8225534]

>tfw held through the storm and bought the dip

[Anonymous No.8225552]

>>8225392
lol is this 5m?

[Anonymous No.8225568]

[Anonymous No.8225569]

[Anonymous No.8225583]

>>8225503
TRUE IF BIG

[Anonymous No.8225588]

Watch those 3 lines.

[Anonymous No.8225606]

>>8225583
BIG SO TRUE?!

[Anonymous No.8225643]

how about skycoin? i like what they did with the blockchain technology, i see true potential

[Anonymous No.8225654]

If it breaks = buy.

[Anonymous No.8225669]

>>8225606
TRUE! SO BIG!

[S M I N E M No.8225700]

S M I N E M
M
I
N
E
M

[Anonymous No.8225741]

30m stoch RSI has been sitting at 99 for 3 ticks and now 1 hour is hitting 100, it's all down hill from here

[Anonymous No.8225749]

>>8225669
COLOSSAL IF CONFIRMED

[Anonymous No.8225774]

>>8225568
Sminem male the call

[Anonymous No.8225780]

>>8225774
Shit a typo were fucked, in sorry guys soooo sorry

[Anonymous No.8225802]

>>8225780
He is alpha male so there is no mistake there.

[Anonymous No.8225859]

>>8225700
kek'd

[Anonymous No.8226109]

Am I the only one seeing a pussy on the chart?

[Anonymous No.8226175]

Possible.

[Anonymous No.8226300]

>>8225568
Sminem, make the call.

[Anonymous No.8226712]

[Anonymous No.8226759]

how bout dis

[Anonymous No.8226779]

>>8225392
>BTC just dumped bigly from the massive inverted cup and shoulders that according to muh TA meme lines should have seen it pump
>But look here's a pattern that's guaranteed to pump it!
TA is such a fucking joke.

[Anonymous No.8226812]

>>8226712

[Anonymous No.8226893]

>>8225568
SMINEM MAKE THE CALL

[Anonymous No.8227545]

>>8226759
Nope

[Anonymous No.8227650]

Buy here if breaks blue line.

[Anonymous No.8227677]

>>8227650
This is super silly.

The only reason we shot up from 8300 is because we were overbought on the longer time frames. That was the time to buy. Slowly edging back into neutral territory so we can commence with the tankening.

[Anonymous No.8227708]

>>8227545
and dis?

[Anonymous No.8227761]

>>8227708
prepare your shorts

[Anonymous No.8227794]

>>8227677
>>8227708

[Anonymous No.8227962]

>>8225392
Long position 50x leverage (0.0026 BTC bet)

[Anonymous No.8228022]

>>8227962
I would wait until it hits $9400.

[Anonymous No.8228029]

>>8227962
haha say goodbye to those funds boy you're in the middle of a bull trap

[Anonymous No.8228055]

>>8225392
Inb4 another big red dildo in about an hour

[Anonymous No.8228087]

>>8228029
>He thinks I care about a 0.0026 BTC position...

[Anonymous No.8228145]

>>8225392
The upside down vagina lips of hope. Classic bull pattern

[Anonymous No.8228210]

TA is useless when MtGox guy is looking to drop his nuts on your chin.

[Anonymous No.8228233]

>>8228210
Nah pretty sure he times his dumps with the market. If BTC goes in an uptrend he isn't going to dump it just like that, he will wait till it reaches more favorable prices.

[Anonymous No.8228274]

>Double bottom, reversal.

[Anonymous No.8228276]

>>8228233
nope he said he dumps when theres enough volume to not crash the price as much (e.g. on major support lines)

[Anonymous No.8228285]

>>8228274
dump it

[Anonymous No.8228308]

>>8227794
double bottom on 15 min timeframe,
based on chart pattern, breakout range is from 8900 to 9350

due to small timeframe, low buy volume and macro trend, this double bottom does not confirm an overall reversal, but rather is a quick day trade opportunity if you got in at the breakout point or second touch of resistance line, but take profit, as it will continue going down if it does not break above 9350 ish
also of note is the massive support/resistance level at 9400, which is historically important level

>>8227962
this >>8228022

we have had 2 or 3 large spikes down with massive sell volume, but not the all out panic that we've seen before. you want to try and buy the bottoms of PANIC dips because those always bounce, this could very well be a small break in a larger dip like we saw on the dip down to 5800, where we saw a bounce from 7600 to 9100, then a fall back to 8000 and a bounce up to 9400, which failed to break out leading to a resumed panic drop, also to note, is that these bounces took between 44 and 48 hours, so the relevance of the 15min chart is questionable.
if you want to buy the bottom, wait for extended periods of large volume and large candles/wicks which show people are climbing over each other to sell.

for BTC watch 9400 support/resistance level for reversal and watch 200 day MA for confirmation of dip to a minimum of 8k, although there is massive buy wall/support on order book at 8400 (600, now down to 400 btc buy wall) at least on kraken. if break below 5800, get ready for full on panic

for eth, watch for break below 150 day MA for panic drop confirmation, there is a bit of shaky support around 600 USD, but if we break below recent bottoms and enter a panic, the next well defined level is 475 to 400 USD and lines up with 300 day MA approaching 475

[Anonymous No.8228327]

>>8225392
HAHAHAHAHAHAHAHA

[Anonymous No.8228358]

#rekt

[Anonymous No.8228533]

>>8228233
>>8228276

with dumps of this size, the fucker is the one MAKING the market. the reason it looks like he "sold the bottoms" of the crashes and dips is because he made the fucking bottoms and dips with his sell orders.

and if you think sells of that size can't affect the market that much, I'll lay out a few arguments.
the market, even for btc isn't as liquid as would be ideal. the number of btc available is lower than what it should be due to a fair amount of inaccessible btc from being lost, keys forgotten, old hard drives broken, forgotten about etc. you also need to subtract the btc in the satoshi wallet(s) because those are locked away and not on the market.
this means supply is much lower than you would expect. now you also have to take out all the btc that people are storing off of exchanges and that is not being held for trading but for holding as those are not available for trading and don't move around very quickly.
even though trade volume may be high, you have to look at that as buys+sells, which includes wash trading. it's probably not as rampant as some people argue, and probably isn't the only reason btc spiked to 20k, but a very illiquid market plus a mania phase will cause a run up like the one to 20k.
you can buy and sell massive volumes in small price ranges and create large transaction volume, but that doesn't show info on how much is buys and how much is sells and at what levels. there are some cool indicators on paid charting platforms that show better volume distribution that I wish I had access to, but I'm not giving trading-view my shekels. if you have access to these I'd strongly advise them (called volume by price/trend abbreviated as VBP PBV VPT PVT or VAP) this will show you what volume is at what price level so you can see consolidation ranges versus large movements
you also can't include any futures trading (including bitmex) as those are all cash settled.
while btc has higher liquidity it isn't nearly as liquid as is ideal

[Anonymous No.8228596]

How do I buy and sell shares, never done it before

[Anonymous No.8228619]

>>8228533
I get you but it doesn't make sense to dump when BTC reverses trend. Any sane person would wait for volume to pick up and then start dumping again.

[Anonymous No.8228621]

T-30minutes until you get JUST'D

[Anonymous No.8228670]

>>8228621
>>8228358
How? I sold days ago and am looking for reentry point. I hope for 9400.

[Anonymous No.8228687]

you TA fags are just absolutely retarded

BITCOIN CANNOT BE TA'd

NOBODY I HAVE SEEN IN THE PAST 3 MONTHS HAS PREDICTED SHIT

[Anonymous No.8228688]

>>8228670
>Buy @ 9400???
What

[Anonymous No.8228733]

>>8228687
I know plenty of people that have predicted this, you're just looking at those faggots on Tradingview that have no clue what they are doing.

[Anonymous No.8228738]

>>8225392
The next few minutes are critical for BTC

[Anonymous No.8228769]

>>8228687
>NOBODY I HAVE SEEN IN THE PAST 3 MONTHS HAS PREDICTED SHIT
probably because you should look for good TA outside biz

[Anonymous No.8228787]

>>8228738
stop spamming this

[Anonymous No.8228897]

>>8228619
which is what he did, but in a limited capacity,

he was under time pressure and had to liquidate a significant amount within a time period of a few months. as time went on and bear market became extended, he dumped higher volumes leading to larger panics (evidenced by steeper crashes and large volumes for extended times)
also, this was unleveraged volume, and while no platform allows bitmex level leverage using the underlying btc asset, a fair amount of leverage is available and can greatly affect the transaction volume compared to the actual fiat available at each price level

[Anonymous No.8229233]

And down we go

[Anonymous No.8229259]

>>8229233
I know you idiots really want to see 5k BTC but it's not gonna happen. Double bottoms indicate reversals. deal with it.

[Anonymous No.8229262]

>>8228738
soooo, what's your analysis of what just happened?

[Anonymous No.8229332]

>>8228738

Just STFU

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[Anonymous No.8229376]

>>8228308
good post

[Anonymous No.8229384]

>>8229259
>Double bottoms indicate reversals
and we had reversal on corresponding time frame
real double bottoms or tops take weeks or months to play out
thats why we are heading to the possible 6k double bottom
>deal with it

[Anonymous No.8229469]

>>8228670
Is you a retarded

[Anonymous No.8229567]

>>8229469
>spot potential trend
>wait for it to form
>set rebuy price at breaking level
>wait
>well didn't break set lvl
>nvm will look for the next trend
Yes, I didn't buy high and sell low, so I do classify as mentaly retarded.

[Anonymous No.8229578]

lol get rekt

>>8227962
lmao hope you enjoyed getting liquidated in an hour

[Anonymous No.8229593]

same dump at 4.00pm utc 3 days running.

[Anonymous No.8229615]

>>8226175
I like the way you think. I’m all in!

[Anonymous No.8229635]

>>8229593
the jews arent even trying to hide their market manipulation

[Anonymous No.8229648]

>>8229615
i dont understand how diver and laying dude translate into retarded

[Anonymous No.8229672]

>>8229615
It did go up after i called it. Check the times.

[Anonymous No.8229802]

going long with 0.07 btc, this should be enough to make up my losses if i go 25x
dont let me down /biz/ ..

[Anonymous No.8229823]

>>8229259
1 month chart, what do you see?
Double top that's right.
Enjoy you 24hour pump

[Anonymous No.8229847]

>>8229615
>I am couchcuck diverNEET?
What the fuck?

[Anonymous No.8229868]

uhh lads
literally every ta here predicts the market to remain bearish
https://www.tradingview.com/symbols/BTCUSD/

[Anonymous No.8229881]

>>8229615
Sofa king= so fucking
I don't know the bottom two

[Anonymous No.8229910]

>>8229881
deep rest = depressed
we've solved it lads

[Anonymous No.8229939]

>>8229868
for the short term sure.
the general trend is still upward

[Anonymous No.8229953]

>>8229376
looked at btc/usd a bit more,
don't want to call bottoms, but if you haven't looked this deep here is what I see
8400 level from recent moves on hourly
>8k with 250 day MA underneath (not very relevant, 250 day MA doesn't show correlation with price action/big levels
>7k based on 300 day MA which is the average that we bounced off of from dip to 5800 has some decent support lower at 6600
>6k with 350 day MA (this MA has no previous correlation, and this area is fuzzy so be careful and look for other signs like volume and candle/wick size)
>5500 with 400 day MA and bottom of support from october to early november trading/consolidation range which was the last major consolidation range before mania phase, the last bottom of 5800 is within this consolidation range, no super strong signals, so this is also pretty fuzzy
>450 day MA at 5k, and 500 day MA at 4500, the 500 MA is more important, idk about the 450, likely not significant, but both of these are good support levels built off of resistance levels formed from early august to early october trading ranges (remember the big 5k resistance/psychological barrier)
>4k 750 day MA (250 MA on 3 day chart) and support level formed from absolute bottoms at mid march and early july 2017. haven't even been approached or looked at for months
going according to the stereotypical bubble chart, this 4k would be the line formed by bottom before "take off" phase and bottom of "bear trap" and would be lower end of capitulation start of despair
>mean level according to bubble chart at 2000, lines up with 200 MA on weekly chart, my charts don't go far enough back to get more data this is where despair sets in as even "early adopters" who bought sub 5k have buy in prices above current price
we took a big stop which could turn out to be the most ridiculous bull trap ever, and as much as I don't want to be apocalyptic, this might just be the bubble crash. but this isn't prophecy, it's what I'm watching and worst case scenario

[Anonymous No.8229973]

>>8229868
>>8229939
getting pretty close though. green is log trendline, yellow is without log.

[Anonymous No.8230030]

>>8229953
You’re a retard.

We are in the institutional investor stage. Smart money was in this early when it was for deep web shit. Now there has been the first real sell off.

Smart money knows where we are. If you fucks think blockchain tech is just some fluke then you need to do some more research. This is just the beginning. While btc may ultimately fail, a few alts will see their day.

[Anonymous No.8230057]

>>8229615

I am so fucking depressed

[Anonymous No.8230085]

>not a bubble.

[Anonymous No.8230100]

>>8230030
true about blockchain tech,
but same thing happened with dotcom, tech was revolutionary but still had mania phase and bubble + crash
I don't think it's truth, but it's worst case scenario, and these are just things that I am personaly looking out for to either confirm or deny "muh bubble" meme

[Anonymous No.8230110]

>>8230085
>doesn’t know how markets work
>doesn’t zoom out on the charts

[Anonymous No.8230112]

KOBAYASHI still dumping what is wrong with that guy selling the bottom

[Anonymous No.8230151]

>>8230100
This is how markets work, this tech is still in the incubator. Markets will always shit and recover.

> muh tangible product

Fog and cloud computing is taking over. Tangibility is a more of a meme than anything

[Anonymous No.8230283]

>>8230085
Its a fucking heartbeat bucko.

[Anonymous No.8230359]

>>8225392
At least I held this time. I invested more than I can afford to lose so I'm ready to kill myself if it doesn't reverse (and after I fail to bitmex the remains). I've suffered long enough.

[Anonymous No.8230397]

>>8230151
yeah, there is plenty of hype-tech
I don't know where to find the charts, but there are some good graphics that show adoption curves, and relevance/potential of tech like VR, AR, cloud, AI, etc.
however, the difference is that bitcoin is almost perfectly designed for speculation, and crypto-currency is pure blockchain, basically unapplied. the closest comparison I can think of would be to literally buying the cable or electricity that connected the internet during the dotcom bubble.
what I cam across in my reading when I first started looking into blockchain as a technology was that when it was actually implemented and started to see real world use, it would be in ways not immediately visible, meaning that it would be a revolution in all that back end stuff that goes on with technology, and not something that would be valuable in itself, but rather, like with modern day tech companies specifically software companies, the value would come from the people and companies and products that use blockchain in developing novel products and solutions, not in directly tradable digital currencies.
it's revolutionary, but unfourtunatly like with everything else, you can invest directly in the concept. you can't invest in blockchain, just like you can't invest in "the internet" or "AI" or "the automobile" or "the stem engine" or "the industrial revolution" what you need to do is invest in what/who will create the most value from the technology.
and if this is "how markets work" then we will (maybe are) seeing the burst of the initial hype bubble, like with dotcom and markets in general, that doesn't mean it's smart to invest before it is near bottom. it means wait for bottom, put money in the survivors that look like they actually have a shot, and sit on your hands for the real development to start.
blockchain is the next big thing if you ask me, but just like dotcom, the real shit happens after the crash

[Anonymous No.8230431]

>>8225588
Look guys we got a Quantitative analyst here.

[Anonymous No.8230853]

>>8225749
>>>8225669
>COLOSSAL IF CONFIRMED
AFIRMATIVE IF NULLED