/biz/ - Business & Finance

>>13215607
When the fake-out was thought to be the real deal

>>13138744
Its analysis based on being able to spot trends and not being a dumb fuck

Pic related is a culmination of a few factors / assumptions:
1) The MA which BTC finds support on is double the MA of the previous cycle support (100 MA for first, 200 MA for second, and proposing 400 MA for current)
2) Volume levels for true capitulation does not indicate it was bloody enough
3) Symmetry in the overall resistance / support lines on the way down (purple green and blue lines). We see each time the purple is broken, BTC enters a symmetrical triangle formation, with two major rallies to the upside, the second rally ending in a HIGH volume fake-out event which passes the top of the blue resistance line. After the fake-out, we begin our slow descent for the next major dump on high volume.
4) Alts will continue to pump for the next little while as a variety of different sized whales pump and off-load their alts to accumulate BTC. Alts overall aren't thriving, random pump and dumps here and there, but no indication of real inflow of fiat / USDt into bitcoin or alts.
5) All this new capital will be used to dump us to the next target line.
6) 2017 ATH IMO was over-stretched, and a 90% drop would place us at $2000

This will likely happen before the end of Q2 2019, IMO of course

>>13092391
The bull trap of the bull trap

>>13065921
Let's check back in soon, shouldn't be long now. The patterns in the data are rhyming, will it rhyme for a third time? Let's see how the black resistance line holds in April. I am DCAing all of 2019 so it matters little to me

>>13062892
>>13062918
>>13062946
Take notes boys, this guy right here knows his shit.. Haven't seen this level of intelligence on /biz/ in awhile

>>13044362
I believe you are wrong about the fifth cycle, only time will tell

>>13031094
Historically, capitulation occurs in two parts, separated by the blue triangle. Interestingly, all three times, the movements within the triangle were very similar. We see on the second leg up, a fakeout wick with a tall candle (orange circles) occur on high volume each time. For now, alts will keep mooning so whales can stack up, then, at some point it will be whales shittin' on whales. Price will drop sharply to sub $3k, and possibly low $2k to a wick below $2k on high volume. Each cycle is also getting longer clearly (had to make first cycle with daily candles).

Bitcoin is software money, programmed to be rigid and have minimal changes. All the changes are set, and the cycle we see now are a result of the design. The cost to produce a single BTC via a miner is easily $3k+/BTC for really efficient miners, up to $10k/BTC for the scrubs. The cost to produce a BTC will keep rising with each halving and hash rate bubbles.

Buy at least 1 BTC or stay poor (DCA). We going to $100k+ next cycle (estimated 2021/2022).