/biz/ - Business & Finance

[Anonymous No.8838334]

Is this a thing? Or am I just going delusional and drawing random lines.

[Anonymous No.8838348]

>>8838334
better sell now bro

[Anonymous No.8838350]

>>8838334
It's a thing, but it can still fail

[Anonymous No.8838365]

>>8838350
what are the odds that it fails?

[Anonymous No.8838367]

>>8838350
Correct. A prediction can either come true or not.

[Anonymous No.8838372]

>>8838365
pretty big since we're in an overall downtrend. Buying volume has to be sufficient but we've seen a dramatic decrease of selling and buying alltogether. Chances are we are just going sideways untill ???

[Anonymous No.8838377]

>>8838367
>it'll go up or down
TA saves the day again

[Anonymous No.8838392]

>>8838350
https://www.youtube.com/watch?v=oVd3VM_L158

[Anonymous No.8838401]

>>8838334
the barts have been precisely shaped by whales to make eric choe and other TA people with lots of followers misguide the sheep into the whales' trap.

[Anonymous No.8838426]

iz thaat a bulls flagg?

[Reluctant kneepad girl No.8838436]

>>8838426
Inverse cup and shoulders

[Anonymous No.8838440]

>>8838372
>untill
july, bullrun starts august

[Anonymous No.8838560]

>>8838426
Yes

[Anonymous No.8838584]

>>8838377
>>8838377
combining with risk to reward ratio
yes it saves the day
but you don't know about probabilty do you?

[Anonymous No.8838799]

>>8838334
>obvious inverse bart forming like we've seen before
>shorts at ATH
BUT
>falling wedge most likely not complete
So will we inverse bart or not? Truth is nobody knows what will happen next.
Whoever says he does know ask him "Where is PoS/PoL?" (Proof of Short/Proof of Long)
Reminder to not trust any TA fag that does not show his LEVERAGED positions that concur with his analysis.
If he doesn't trust his money with his TA it's because it's not worth a shit.
>"but I don't like gambling"
So TA is not that solid if it's a gamble for you then?
Anyone can hold, not everyone can net profits on leverage and avoid liquidation until cashing out, it takes real skills and balls, because you can not afford to be wrong or you'll lose all your money, unlike when you're not on leverage.

[Anonymous No.8838916]

>>8838372
So it'll either go up or down, thanks for that precious info
>volume
- Washtrading
- Volume doesn't become "sufficient" until the price has moved quite a bit, in this situation you either get caught in a fake breakout or you watch what you first thought was a fake breakout become a legit pump and by that time you won't even be able to enter because exchanges will be overloaded and refuse your order.

[⭐Anonymous⭐ No.8839325]

>>8838916
>So it'll either go up or down, thanks for that precious info
it's impossible predict the market sweety, you can just place bets and if you have an edge you make money, otherwise you lose them

[Anonymous No.8839876]

>>8838334
you are delusional and drawing random lines, the only way to make is to hold on to one of the great emerging projects, pic related

[Anonymous No.8839908]

Bull run begins tonight

[Anonymous No.8839934]

>>8838334
yeah it's a thing it's called a downtrend.
and we're not out of the bog yet.

[Anonymous No.8839935]

>>8838334

[Anonymous No.8840632]

>>8839325
that's what I'm saying, tell that to TAfags that think that they do.

[Anonymous No.8841032]

>>8838334
What is this program

[Anonymous No.8841109]

>>8838334
>drawing random lines
it are always random lines, it depends how consistent you use them in accordance with your strategy
>oh shit its not this easy?
no

[Anonymous No.8841503]

>>8838334
when we first dropped to 6k there was noticable volume, now it just looks like it will drop soon.
Bottoms should have bigger volume. At the same time RSI says it may turn bullish. I wouldn't enter any position here.

[Anonymous No.8841682]

I see this too! Falling wedge and ascending triangle! we are going to to the mooooooo

[Anonymous No.8841727]

>>8841503
The volume came only when breaching the bottom, not before.

This can still be an analogous situation. We will not know until we breach the bottom again.

[Anonymous No.8841812]

>>8841727
if I absolutely had to guess short term I would say bullish because of the RSI, I would target 8400-9000 but it's best to wait for a breakout

[Anonymous No.8841855]

>>8841503
Pussy open some margins

[Anonymous No.8841874]

>>8838334
ITT people drawing lines and hoping someone can tell them what it means

[Anonymous No.8841927]

>>8841812
>in BTC bear market descending triangles are actually bullish and ascending triangles are actually bearish
my head is fucked with this market.

[Anonymous No.8842048]

>>8838799
We just got barred down, short term we’re gonna get barred back up to 7k-7.1k before going down again. It’s literally whale games

[Anonymous No.8842123]

>>8839935
>this meme is over
>>8841503
>we have reached the "return to the mean" part of the above dead meme here

[Anonymous No.8842210]

>>8841855
I'm already completly out of crypto :^)
I like discussing btc on /biz/
(I also shill Link)
I wish all Anons the best luck
>>8841927
RSI ascending triangle can forecast an upcoming uptrend, if RSI stays below 60 on the daily chart it still doesn't break the rule of a bear market, that's why I think there's room to go to ~8.4-9k. This isn't a good entry IMO, not so good risk/reward. Randomly opening and closing positions is a great way to lose most of your money.

[Anonymous No.8842229]

its a ponzi bubble

[Anonymous No.8842931]

c'mon bitcorn i need this.

[Anonymous No.8843222]

>>8842210
>>8842210
>RSI
LMAO, you'll be liquidated kid

[Anonymous No.8843634]

>>8838584

As if you do and you make gorillians off it. Take a break from here and go cry in your sim account TA fag

[Anonymous No.8843737]

>>8839935
Makes sense.

[Anonymous No.8845003]

>>8841503
>>8842123
>>8839935
TAmeme BTFO

[Anonymous No.8846236]

falling wedge. but if you move the resistance line back you can see it was a falling wedge before with 3 touches, and it broke out, and the break out failed. it could break out now successfully but i doubt it. i heard peter brandt say the volume isn't right for this to signal a bottom with this pattern but idk.

the most pertinant pattern right now is the symmetrical triangle, which is the range we are currently in from about 7500 to 6500. if it breaks down we go down much further.