CRASH INCOMING

[Anonymous No.8243258]

>same candle pattern
>same resistance level
>from same Support level
>same RSI
>same point in the channel the middle
>right up on the trendline

Strange how the earlier thread on this 404'd right away
>>>/biz/thread/S8242997#p8242997

[Anonymous No.8243266]

nahhh it's an uptrend

[Anonymous No.8243267]

Haha you sold kys we lambo again

[Anonymous No.8243286]

>>8243266
>>8243267
Nice responses!

[Anonymous No.8243301]

>>8243258
RSI breaks from 30 or below to back up above 40 are considered very bullish.

[Anonymous No.8243330]

>>8243258
>I sold low save me
nice try jew

[Anonymous No.8243347]

>>8243301
Sure if you buy it at 40

Well over 70 here

[Anonymous No.8243360]

You're literally looking at a 1week chart you brainlet

[Anonymous No.8243364]

>>8243258
>Strange how the earlier thread on this 404'd right away
Yeah probably whales manipulating.

Stoch RSI is a shit indicator for anything but a ranging coin/stock.
Just backtest it.

Normal RSI says we can go long way up from here.
But it could still be a trap.
Personally I think we go up a little more, maybe 9.8k ish.
Then maybe more down, have to see how it looks then.

[Anonymous No.8243371]

>>8243301
You can sight it do exactly that right before the last drop on the 4 hr
>3/5 1600

[Anonymous No.8243372]

>>8243258
heading back to 12k.

did you sell low again?

you blew it.

[Anonymous No.8243373]

>>8243258
G-guys it’s right in front of you durrr

[Anonymous No.8243391]

>>8243371
>You can sight it do exactly that right before the last drop on the 4 hr

[Anonymous No.8243406]

>>8243360
I'm just reposting this buddy. Is that the best you can do?

Sounds like everyone here is LYING

[Anonymous No.8243413]

>>8243373
Funny how this works out. For every comparison to a bearish trend there is an equal comparison to a bullish trend.

[Anonymous No.8243480]

>>8243286
they actually were lmao

[Anonymous No.8243505]

Everything says up besides shitty stoch RSI
> been long since $8400 on the double bottom

[Anonymous No.8243518]

>>8243258
funny these TA fags come here only when in down trend with this meme lines. disappear when up tread. fuck off TA fags with u r delusional lines mostly wrong

[Anonymous No.8243612]

Neither did I. Thought it was going to 6k again. I just bought back, we are going up. Rather then being bitter, I recommend you buy back to. Or don't, just a heads up.

[Anonymous No.8243628]

>>8243518
Crazy how these delusional idiots think drawing some random lines can actually make predictions with reasonable probability.

[Anonymous No.8243648]

HAHAHA, did you hear that he's using technical analysis AGAIN?

[Anonymous No.8243684]

>using TA after the mt. goy revelations
???

[Anonymous No.8243701]

>>8243684
The 'elliot wave' idiots are even worse than typical TA fags lmao. Has anyone even calculated a probability distribution for various counting variations? They assume it works because any chart pattern can be made to fit elliot wave theory when looking at past events, but it doesn't give any meaningful future predictions.

[Anonymous No.8243727]

>>8243648
Yes

[Anonymous No.8243776]

>>8243701
tired: elliot wave
wired: elliot rogers

[Anonymous No.8243898]

>on 1 day time intervals, market is bearish
>on all other time intervals, market is bullish

[Anonymous No.8243926]

>>8243360
That's the 4 hr dummy. Compare the two candles
>3/10 0400 (just closed)
O 9234
H 9506
L 9188
C 9327

>2/3 1600 same hour but PM
O 9215
H 9488
L 9110
C 9320

>>8243505
Other indicators are in similar ranges for example RSI 40 compared to 45

[Anonymous No.8243939]

>>8243898
>also unable to decipher the interval
Buy the top, biz

[Anonymous No.8243968]

>>8243939
stick to your guns lad
i actually have no idea what im talking about

[Anonymous No.8244062]

>>8243926
>everyone goes quiet

[Anonymous No.8244095]

>>8243926
Do you think this means anything when the drop to 6k last timed was caused by mt gox literally dumping 18,000 BTC?

[Anonymous No.8244113]

>>8243926
HOLY SHIT SEL ELE ELSELL S EL SELLS

[Anonymous No.8244119]

>>8243684
Explain please
Whats that revelation

[Anonymous No.8244121]

>>8244095
>implying that's the only time the market was manipulated

[Anonymous No.8244134]

>>8244121
Of course not, but there's no way to 'predict' the next manipulation (especially by TA). Personally if I was the one manipulating prices, I would set up a scenario to look identical to a previous scenario then move the price in the opposite direction.

[Anonymous No.8244170]

>>8244134
Not the most simple explanation but otherwise thats reasonable.

[Anonymous No.8244177]

>>8244170
your wrong now fuck off

you dont know shit

[Anonymous No.8244189]

>>8244177
You're scared, run home to mommie

[Anonymous No.8244226]

>>8243701
it's not meant to be predictive, brainlets
rather it is meant to be used to make money off of probability

[Anonymous No.8244240]

>>8244226
Okay then so how do you calculate various probabilities? I've never seen an elliot wave TA fag actually give any math/statistics for their 'probabilities' just lines.

[Anonymous No.8244247]

Should I buy back in?

[Anonymous No.8244260]

>>8243701
>>8243776
I was thinking of this when you mentioned elliot wave

https://www.youtube.com/watch?v=7J2EkYMFg0g

[Anonymous No.8244296]

>>8243628
Meh. We did just double top at 11.5 resistance. Using that along with low volume would have told you to sell. Could've rebought in for 8.5k two days later.

[Anonymous No.8244314]

I bought at 15K. Your meme charts are meaningless to me

[Anonymous No.8244353]

>>8243258
I'm with you on this one OP.
No volume, struggle at 9400 resistance, it's a red dildo for our ass

[Anonymous No.8244363]

>>8244240
You don't get probabilities. You look for a combination of indicators that can show you extremes in price relative to some arbitrarily chosen average, and then make entries close to what your indicators say are the extremes. You also factor market sentiment and news into this process (eg if price is trending down, there is an ongoing exchange hack and price approaches extreme lows on your indicators, you don't want to buy).
Another way to think abouy it: it's there to visualize buylow/sellhigh

[Anonymous No.8244364]

>zoom out

[Anonymous No.8244381]

>>8244363
See, I get this, but whenever some TA fag is talking about it being a 'game of probabilities' they are just using the 'probability' word to make their analysis seem more credible imo (without actually doing any real math).

[Anonymous No.8244410]

>>8244353
So we gonna crash down again?

[Anonymous No.8244414]

Let’s see what these faggots have to say about the future

[Anonymous No.8244426]

>>8244410
Ffs read the thread.

I recommend selling but I'm not omniscient meaning I could be wrong. Until you learn the basics at least I'd recommend HODL until you do.

[Anonymous No.8244431]

>>8243258

Similar pattern occured last time before the drop to 6k, BUT - look at the volume. Last time BTC was dropping with not a lot of volume during dips, and bigger volumes during green candles, which didn't help. This time, it needs a lot of volume to dump, and is getting up after that without volume. Also last volume spike caused small red candle, and immediate green hammer candle on lower volume.

That means that there are a lot of buyers in this area and that BTC is bullish. And that OP can suck my cock.

[Anonymous No.8244432]

>>8244414
You realize the price is set according to an index of exchanges right, not on supply and demand of the contracts. CME just follows the market price.

[Anonymous No.8244458]

>>8244381
Yeah, I know what you mean. Most people meme about TA and dont put in the effort to backtest and find probabilities for their combo of indicators. However, it's kind of a waste of time if discretion and manual risk mamagement is a big part of your strategy. Only botters and actual finance types geek out about calculating probabilities.

[Anonymous No.8244459]

>>8244432
You realize that at lower volume, you can manipulate the market to rise, and then systemically sell your massive holdings to crash the price to a price in harmony with your futures contract, right? And thus collect direct gains on the pump and dump, and then your futures position when you make it so?

[Anonymous No.8244483]

>>8244459
CME doesn't have enough volume to make this worthwhile. But yes I think this does go on with Bitmex/Bitfinex leveraged margin trading.

[Anonymous No.8244503]

>>8244483
Futures have made margin trading more profitable, and thus added even more incentive.

[Anonymous No.8244528]

>>8244503
I'm not saying future's are irrelevant, I'm just saying CME futures are irrelevant. Look at the volume, 2742 contracts for March, that's 13710 Bitcoin for the entire month so far. Look at volume on Bitfinex PER DAY.

[Anonymous No.8244530]

>>8244483
Or some might say, it’s added a much clearer target to manipulators, and not as a hedge like they’re supposedly intended to be.

[Anonymous No.8244536]

Greetings cucks
It's me.... the shot caller
I was one of very few people who called this before it happened
>inverse head and shoulders they said (brainlets)

[Anonymous No.8244551]

I know what bitcoin does... how it acts
TA + intuition.... i won't say what happens next
It's a surprise :)

[Anonymous No.8244576]

>>8244551
It goes to 0???

[Anonymous No.8244621]

>>8244536
>seems it gets dumped in the mornings but little by little

[Anonymous No.8244645]

>>8244576
now now little frog
Just, relax
Hold
0 will not happen

[Anonymous No.8244689]

I like this comparison OP as we can see where it breaks from this going forward, I personally will look for confirmation before entering a position either of it breaking or of it continuing. What makes me skeptical are natural resistance/support that forms from others underwater positions and stops which would be the main difference in the market in your comparison from then until now, that and market psychology yes there is fear we can sense in the market (probably what /biz/ is best for is seeing the extremes of peoples psychology at the time) but nothing compared to that fear from before the bottom with consistent dumping for days on end. I guess lets see how we go today, yesterdays close on a reversal/hammer doji looked good but I think swings below 200 daily MA is the first major sign of weakness, even so I guess complete confirmation of a break of your comparison won't come until the day after tomorrow.
>>8244431
I like your coloured MA what do I search for on tradingview to get that?

[Anonymous No.8244706]

>>8243258
Do you think it will make one more rally to 9500 today before crashing later tonight/tomorrow?

[Anonymous No.8244715]

>>8244689
CM_Ultimate_MA_MTF someone shilled it a while back in here for 4h trading on Bitmex. I must say it's pretty useful overall

[Anonymous No.8244722]

>>8244706
It might or I could be totally wrong and it moons (unlikely given the recent volume). I'm just a pleb, don't have insider info.

[Anonymous No.8244808]

>>8243258
Volume down again.
This is far from over.

[Anonymous No.8244896]

The 4 hours is definitely overbought, but the daily looks much cleaner than it did back then. If a 4h candle closes below 8700 that's going to be trouble, but otherwise I remain cautiously optimistic.

[Anonymous No.8244974]

>>8244896
Why 8700? Personally I'm just looking to see if 200 EMA holds, if not then another run down to 8.3k or perhaps even lower is very likely.

[Anonymous No.8245032]

>>8244974
Why the 200 EMA and not the 192 or 234 EMA? What makes the 200 in particular so special?

[Anonymous No.8245107]

>>8245032
Are you joking?

[Anonymous No.8245126]

>>8245107
No, genuinely curious why the 200 EMA means more than the 193 or 207 EMA.

[Anonymous No.8245127]

>>8244974
>>8245032
IMO not being a top expert SMA is better for the 200 more people use it

[Anonymous No.8245142]

>>8245126
More people use the 200 so the price reacts to it.

[Anonymous No.8245155]

> they panic sold

[Anonymous No.8245168]

>>8245142
So people believe the price will react to it, and that causes the price to react to it? Like a self fulfilling prophecy? In a way you are still 'hoping' the majority does react to it though.

[Anonymous No.8245194]

>>8245127
kek you could use the SMA but I find it to be too lagging in crypto. Also the 200 SMA wasn't fought over as hard as the 200EMA was

[Anonymous No.8245206]

>>8245168
Market psychology. Why do you think resistances and supports are at such round numbers?

Also it doesn't take a majority to get the ball rolling, especially with low volume. A small number of active traders throwing around large sums is enough.

[Anonymous No.8245313]

>>8245168
What you're describing is the foundation of TA.

[Anonymous No.8245326]

>>8244715

pppssshhhhh

vdub_sniperbx_v1

thank me later <3

[Anonymous No.8245342]

>>8245194
So you think in crypto the 200SMA is consistently less predictive/ traded on than 200EMA ?

[Anonymous No.8245357]

>>8244974
Because of Demark indicators, there was a perfect 8 and 9 on the 1h around the time the 4h was working on a 9 and from there it started showing signs of reversal. If it touches 8.3k and bounces that's fine with me, what I care about is where it closes and if goes below where the reversal was supposed to start happening it makes me doubt the reversal is real.

[Anonymous No.8245623]

Bumping this thread so High IQ bizians could see and predict the future

[Anonymous No.8245697]

Bump.

[Anonymous No.8245868]

>using a lagging indicator to predict price action based on recurrent patterns formed in an indicator window
being this inept

[Anonymous No.8245877]

Rising wedge forming?

[Anonymous No.8245889]

>>8243258
good spot OP. I just increased my short at 9350, it's crazy how low the volume is again.

[Anonymous No.8245926]

>>8243413
It is almost like predicting markets is difficult and using past behaviour is only mildly informative.

[Anonymous No.8245935]

>>8245889
Alright guys time to buy

[Anonymous No.8245937]

>>8244226
>not predictive
>make money off it

If something is not predictive it is just noise. Also protip: all predictions are probabilistic

[Anonymous No.8245947]

>what is a hammer candle with a long wick down and body at the top

[Anonymous No.8245959]

>>8244363
>it is not meant to be predictive, it just predicts where the market low and highs will be
>calls others brainlets

Let me guess, you think this simple model makes everyone who follows it rich amirite?

[Anonymous No.8245975]

>>8245168
so like any other thing? Why do people buy art for 400 million when they can pay a chinese art student to produce an identical copy for 1000 USD ?

[Anonymous No.8246004]

>>8245975
Money laundering and racketeering

[Anonymous No.8246012]

>>8244645
you forgot the "shhhhhh" part

[Anonymous No.8246252]

>>8245697
bump

[Anonymous No.8246414]

>Using TA patterns to predict reoccuring events
>When it has become known that the previous event occured because one person simply market dumped a fuckton of BTC

You dumb faggots need a neckshot.

[Anonymous No.8246434]

thanks op this is a very precious information for a gambler like myself.shorting it with all my stack

[Anonymous No.8246448]

>>8246414
Finally someone gets it.

[Anonymous No.8246633]

>>8246448
I just don't understand how these retards can point to charts while disregarding the underlying information that explains why the charts look the way they do, which turned out to be one person randomly choosing to dump BTC at that random time.

If I dump 50,000 Ethereum right now and crash the ETH price, that does not mean I will dump 50,000 Ethereum the next time the charts look the same as they do now.

How the fuck are these idiots not broke by now?

[Anonymous No.8246749]

>>8246633
>How the fuck are these idiots not broke by now?

There's an endless supply of them. It's awesome.

[Anonymous No.8246773]

>>8246633
actually idiots look at charts after the fact and say "a-ha this is why it happened" because they somehow need and explanation and reasoning
they don't understand complex market cycles that takes months or years, while events only act as catalysts on a daily basis
gox dumpings weren't the reason it went down - lack of buyers were, because more and more people prefer taking profits
should i remind you that if you bought 6 months ago you can take 2-4x profit, year ago 10x, 3 years ago 100x
even if they are not selling yet, they aren't buying either
even bulls are not really bulls because they want higher price to sell, especially if they are trapped above 10k

[Anonymous No.8246929]

Double top reversal confirmed

[Anonymous No.8246955]

>>8246773
We're not talking about cycles or whether we're in a bull or bear market. Everyone understands that these cycles are repetitive.

What we're talking about is using distinct previous TA patterns to predict exactly when the market will shift in either direction. And when it turns out that all of these previous patterns were meaningless, because every dump of a significant size turned out to be just one individiual randomly dumping at that particular time, using those patterns becomes dumb as fuck.

[Anonymous No.8246969]

>>8243258
dont worry anon, "it will never be below 9k again"

[Anonymous No.8246980]

>>8246955
Also, this is the same reason nobody uses TA for alts. Because all it takes is one out of hundreds of whales to fuck everything up.

People believed the massive volume in BTC made it somewhat safer to use TA on, because it was believed that whales had very little impact on the markets. Well, turns out that was wrong. Every significant dump was because of one whale.

[Anonymous No.8247332]

>>8244645
shhhbreathe
just non
shhh

[Anonymous No.8247458]

Looks as if bulls are pushing now

[Anonymous No.8247836]

>>8243258

it didn't 404, it was pruned/deleted because you're a know-nothing faggot

[Anonymous No.8248075]

>>8243258
OH NO NO NO

[Anonymous No.8248722]

Wake up sheeple , obvious stegosaurus

Hold but don't buy

[Anonymous No.8248923]

>>8246980
This isn't true. See this chart from last night. Some whale dumped literally 1K and the market simply ate it up and went up higher. The whale movements need to be during specific times in order for them to cause a market shift.

[Anonymous No.8248931]

>>8248923
derp forgot my image, look at that big red candle with an even longer bottom wick

[Anonymous No.8248949]

>>8243258
Look how bad you are at this

[Anonymous No.8250072]

>>8248949
And yet, here we are, 92372 in bitfinex

[Anonymous No.8250091]

>>8250072
9372

[Anonymous No.8250109]

>>8243413
It's almost like TA is for brainlet schizos obsessing over meme lines and made up terminology.

[Anonymous No.8250465]

>>8250109
Feels like a good time to buy anon

[Anonymous No.8251179]

down we go

[Anonymous No.8251210]

lol i firmly believe btc's price is so manipulated up right now
look at what fucking buy volume it takes to pump it up
would not recommend to buy unless this whole thing crashes

[Anonymous No.8251229]

>tfw shorting @9.3k

[Anonymous No.8251289]

>>8251179
I came here to post that. OP is indeed wise.
Hey OP, get a trip so I could watch your threads.

[Anonymous No.8251541]

Bulls on suicide watch!

[Anonymous No.8251562]

There's no new money coming in. It's all wash trading, spoofing, and fleecing. Get out now or get raped.

[Anonymous No.8251880]

>>8244260
NPCs are fucking fascinating.

[Anonymous No.8252274]

>>8245168
most TA is self fulfilling prophecy. It is patterns made up over the many years of stocks, which for some reason has gotten burned into the mindset of traders. Then when you go to learn TA it shills you the patterns as either bullish or bearish, and if everyone learns that a certain pattern is bullish, then everyone will react bullishly to said pattern.

[Anonymous No.8252286]

>>8251210
>>8251562
Very low volume at 9k/almost none, not gonna hold

The first posters ITT eating shit

[Anonymous No.8252290]

>>8243258
yeah it looks like a massive bear flag anyway. I don't know why /biz/ is so autistic about crashing. So much emotional attachment. Just let it flow boys, and then we can rise.

[Anonymous No.8252315]

>>8243373
The truth is we could crash to 6k and come back and the rsi would barely move on the daily. Thus you're both right.

[Anonymous No.8252354]

>>8246980
crypto is too new to be truly suitable for TA. It is for now, a mistake to be bringing old school techniques into this

[Anonymous No.8252484]

>>8252286
Where do you check volume

[Anonymous No.8252527]

>>8252484
The red and green dimly kit vertical bars in OP

12 minutes until the 4-hr closes

Look at the volume if you're not tethered out I think we'll see it crash right through 9k or at least there's significant risk of that.

[Anonymous No.8252548]

>>8252527
>dimly lit
>8minutes

[Anonymous No.8252920]

>>8252527
What are curvy lines at the bottom of OP's image?

[Anonymous No.8253496]

>>8252920
Stochastic RSI

[Anonymous No.8253534]

>>8251541
ol classic bulltrap. hook line and sinker

[Anonymous No.8253595]

>>8253534
no

[Anonymous No.8253598]

>>8250109
>>8250072
>>8248949
>>8246980
>>8246773
>>8246414
>>8246448

AHAHAHAHA What a bunch of faggots you all are. I hope you bought in at 9.4 and GOT FUCKING REKT.

BTC 6k tonight lads.

[Anonymous No.8253621]

ITS HAPPENING AGAIN

AAHAHHHHHHHHHAHAHAHAAHAH

[Anonymous No.8253638]

>>8251210
>bitcoin is so manipulated!
>TA doesnt matter its just whales making the price movements!
>BTC procedes to follow the exact movements people predicted it would
>Retards start posting their red wojaks saying how could this have possibly been predicted
>cycle starts over

When will you retards learn not to buy high, especially with this turd volume?

[Anonymous No.8253663]

>>8253595
>up 9400 moon guys
>down to 8800 and sliding down
>n-n-no!

[Anonymous No.8253682]

>he thinks the market repeats itself

fucking brainlet. patterns repeat, the price movements don't literally match up off the same levels you fucking cucklet

[Anonymous No.8253787]

>>8243258
i've been watching the same areas for the past few days, look for close below 200 day ma on 12 hr and 1 day charts for bear confirmation,
bull looks unlikely

[Anonymous No.8253801]

Who the fuck said they do you fucking retarded nigger? It's a bear market, anyone that bought in on a tiny uptrend during a huge sell off is a fucking idiot.

>I-i-its just the mt gox!
>BTC moon now!

Hope you all enjoy selling low