/biz/ - Business & Finance

>>10308712
How much money has your "understanding" made you in profit this year?

OP the bears had 6 months to take us to 3-4k. It's NAHT happening.

>>10308712
>brainlet tries to make fun of other brainlets
The only people who understand anything are those who understand they don't understand anything at all. You can't predict for nor control all of the inputs that create the market behavior. Nobody can. So stop fucking pretending you know what will happen next.

PAINT THE LINE FROM THE TOP OF THE ATH, YOU'LL SEE WE BROKE YOUR GAY PAINT LINE FAGGOT

>im smart because i use babbys first technical analysis

you should apply to goldman

>>10308733
A lot. because I'm not dumb. Even if I give you exact number you wouldn't believe me and call me a larp.

Here's facts:

Parabolic graphs have around 50% retracement from ATH, when they brake trendline and then ''return to normal'' which is 0.786 fib line from 50% retracement. After that, the final retracement is 50% of the first 50% retracement = 75% from ATH (not necesarily exactly 75%, but usually the same percentage as the first drop. After the around 75% drop, there comes a time where it goes up for almost 100% in short period of time, after which it goes into the dark again for months.

If you compare 2014 graph and 2018 with retracements, it's almost identical. Not to mention the smoothed moving average 200, where algos jump into automatically and it goes hand in hand with these prices.

but gl, call me a larp, because you can't draw few fib retracements, compare graphs and think rationally.

Who said, we gonna hit 20k this year.
I think we'll go to 8k now, then back to 6.5k something and then up to 14k this year.
Next year 25k-30k.

>>10308796

I'm not going spend 1 hours on drawing and comparing graphs from 2014 and 2018 and use Volume Profile on different sections of this graph for /biz/ brainlets, since they really aren't worth the time.

I could go into it a lot deeper, but I'm not gonna even try to spend any more energy on /biz/lets.

>>10308817

nice larp

> give enough monkeys typewriters and they predict btc price

>>10308712
The real chart we should be looking at

>>10308832
dude you started this thread you attention seeking fuck. go buy a waifu pillow if you need to feel loved.

>>10308740

>implying a bear market must find a bottom within 6 months

are you retarded?

>>10308871
That's what I'm talking about. Even though I completely explained the theory behind parabolic movements, you still call me a larp and are too retarded to draw them yourself and compare them and see for yourself that it's actually true what I'm talking.

You must be the same pajeet that lurks /biz/ 24/7 and jumps into every short shilled project, because he's to retarded to do anything else with his life.

>>10308712
how much money did you lose today

>>10308899
That's not how it works, you must uderstand the log and linear graph and not just draw a retarded line out of nowhere to fit into your narrative.

That's where 99% people like you fail, because you can't interpret charts and think it's only based on one line, but there's tens of variables you have to look at.

>>10308915
you write like a middle schooler

>>10308928
None, I actually have a job I like in programming and swing trade on the side with leverage up to 10x.

I do think long term 3+ years.. BTC will be much much higher, so even if you buy right now, you can't really lose if you think about holding it that long.

>>10308712
OMG you're so intelligent OP, I bet you could make millions in a day. You already know what's going to happen in the future with your TA!

>>10308931
i am the 1 percent, muh fancy log graph. fucking kek

>>10308832
>1 hours

>>10308982
That's not how it works you know. What is liquidity and what does swing trading have to do with day trading?

>>10308961
are you Indian?

>>10308817
But if we compare the 2014 chart with the actual one pic related?

>>10308899
this guy fucks

>>10308712
interesting OP, thanks

>>10308997
That first sentence was a complete typo. If you actually went and compared graphs and what I'm saying about retracements, etc.. for yourself instead of calling me a larp, you'd see I'm not making this shit up lol. But stay grug my friend.

>>10309009
In general or right now

>>10309002
no, Indians are much more interested in selling you shilled shitcoins, since they can't make money otherwise than scamming people for pennies.

>>10309024
plox answer me >>10309003
it wasn't sarcasm lol

>>10309047
can you give us an email? Or your telegram or smthing? I doubt you will receive much spam from here, I would be really interested on making you a pair of questions if you dont mind.

I can send you pictures of my cat in exchange

>>10309024
just fuckin with u m8. you seem to know your way around this shit. got any resources so i can understand this shit as well?

>>10308773
>LINE FAGGOT
Lol he didnt think anyone would notice

>>10309003

>>10309090
>YOU WOULDN'T UNDERSTAND

>>10308712
I drew the same line
my conclusion was there's $500 more in this rally
then you see if we break it or bounce

>>10309090
Also notice that those wick from 2014 are caused by lack of liquidity, if I drag them up where candles close and are more rational like 2018, you'd get almost around 80% retracement form ATH in 2014. So as I said, around 75% (which I explained already is 50% retracement from ath and then 50% retracement from intital 50% retracement).

>>10309126
They are equally important based on market conditions you retard and have similar characteristics when looking for bottom from ATH. Stay grug.

>>10308817
>2014
black swan event though. you have to understand the difference. if mt. gox didnt happen btc might have hit 10k you have no clue where this is going just as much as the other guy.

>>10309127
I'll also add TA is out the window because this unregulated market is ... surprise... manipulated as fuck, also this >>10309162
who would want to kill this golden goose anyway? besides a government.
therefore, better hurry up this next bubble amirite?

>>10308712
i was just hoping for $8 or 9k by the end of july. i think it will be another bump like mid april and there is money to be made.

>>10309162
dude, there's more to BTC than 'if muh mt. gox wouldn't happen'. It was supposed to happen, but just think rationally why that was good on long term for a second and who are the players making this cycle. Have you been watching media/news about crypto market during hype phase and retracement phase?

If you did, you'd understand a lot more than 'muh mt. gox' narrative that you have stuck in your dumb head.

>>10309184
>TA is out the window

jesus fucking christ, it's like you can't check what I'm saying got yourself. It's like I'm not giving you actual data that you can check for yourself, but you are to lazy to do it and then complain how it doesn't work. Are you really that kind of a person that talks before he checks things?

TA is a lovely indicator of investor psychology but TA ain't never had to deal with the psychos in crypto.

>>10309162

>implying it isnt a series of manafactured boom and bust cycles initiated by implicit actors filling neccesary roles until it becomes too big to fail

>>10309224
lmao, no, I glance at your posts and know you're an idiot. sorry trying to be kind here so I'll give an example
>Have you been watching media/news about crypto market during hype phase and retracement phase?
lmao man
still in the news phase, pic related is one of my posts

Let me sum up this thread:

>OP gives info that anyone can check
>People don't check OP info for free and call him a retard and that TA doesn't work

I think it's last time I visit /biz/, this place truly is the dumbest board on 4chan and no wonder so many of you are getting burned and are emotional wrecks losing money on shitcoins, because you lurk here all day and have zero goals/ambitions in life and can't afford to even be invested into this emotionally, let alone bet your whole fucking life on it, because you were too dumb in life to build a solid foundation.

This place sure did change a lot since the days when ETH was 7$.

>>10309252
This is an old copy paste, seen it more than enough times.

>>10309247
These graphs are complete cringe on a whole new level.

>>10309304
cool, I'm honored

>>10309252
Can I ask you a few things or you are not answering questions from us?

I can understand you got a better knowledge than me and probably and 90% of people in here, are you willing to pay us some of your time?

Thanks

>>10309344
shoot man

>>10309344
>>10309391
cringe

>>10309252
answer me this, how can I be wrong about something that anyone can check for themselves?
you are saying 2+2 doesn't equal 4.
>>10309292

>>10308712
I generally agree, OP. Long term support has become resistance, I predict rejection at no higher than 7800 and then continuation of the downtrend...

>>10309224
>Thinks he can predict a manipulated market with memelines
>Boasts because he made one good prediction
>Calling everybody shit, clearly inferiority complex
>Still in bear market till we pass 20k lmao
Kys you stupid nigger sage

>>10309321
oh shit it's you!

>>10309443
read this again and go check for yourself what I said and then bring up ''meme lines'' that don't even matter here that much, it's just about parabolic movement theory and comparing fib retracements you fucking grug IQ.

I don't have a complex, I'm just giving retards like you data that you can check and compare and see it works out, but you are too retarded to do so I guess.

>>10309391
1 - Where do I start to learn of? Can you suggest me 2 or 3 books or some source of knowledge? I have been working as engineer for some years and I would like to invest what I did earn, but I really want to know what I'm doing.

2- In your post: >>10309090
You are probably saying something I just can't understand, at least right now, could you tell me where do you think we are if we would extrapolate the actual crash to the 2014 one? Not sure if we would be right now in the bounce of 2014-05-20 or 2014-11-11 or I may just be lost and be no one of those.

>>10309413
You probably can't recognize when you got someone with bigger knowledge in front of you or you are just too fat to ask a question without losing your own dignity, not my case m8.

just tell me when I should buy

>>10309443
check
>>10309292

>>10309433
we're going to test the top, there's $500 left in this one
but I say this cuz I'm drunk and I did go all in 2/3 weeks ago (with what I had left in the account)

>>10309480
man I can't answer that. my experience is going through 4 bitcoin bubbles personally.

>>10309486
If you are planning on holding 3+ years, buy right now.

>>10309480
we are still in bear market and nearing bottom. Short term bounces like this one are expected, if you have more than 90 IQ.

OP I have lurked biz for years and never invested in crypto although I have a 115k+ equities portfolio. What are some good long term holds if I want to put 1-2k into crypto as an experiment?

>>10309509
this is correct btw
I don't really argue the OP's points, only the news bit, and I was too aggressive.

>>10308931

shut up nerd we moon now

>>10309090
91 bars compared to 89 bars and 637d to 623d.

I'm not into TA, but the parts you highlighted from 2014 and last couple of months have same number of candles but 2018 rectangle is not finished, so You are predicting that BTC will go lower ,so according to this rectangles and pattern from 2014, BTC will go lower than 4350-3150 ?

Is that's Your call man ?

Or wtf is going in this thread apart of You insulting people left and right

>>10309511
I know people are going to call me a retard for some of options, but here are mine:

BTC, XRP, VEN, HST

Sure, you can find something and get lucky in one month as you could with Snovio during 2018 when it was 20sat.. but long term I think XRP is the best and safest bet (I know /biz/ hates it, but normies love it and normies = buying power).

ETH? I don't know how much it will ''moon''. It did like 10x in this cycle from November, where XRP announced few partnerships and have been on the scene very long + normies love it since it's 'cheap', compared to ETH that costs hundreds.

>>10309509
You are not directly answering to my questions but I can understand it, let me try again:

Do you expect the resistance of pic related to be the maximum point in this bounce before going lower lows? Or do you expect to go down before even touching it?

Also think about making a tripcode, we need to identify you somehow.

Thank you in advance

>>10309540
I draw it quickly, don't be mad over few pixels, neither did I take time to right click and imput correct 637 days with the other rectangle I made.

Yes, all that you said is correct.

>>10309581

I'd say next resistance and bounce down will be around 0.618 or 0.786 fib line. = 8500 or 9200. Don't really see it testing 10k$ again in such short time.

thanks

>>10309591
I call BS. 3-4K $ range will make whole market collapse, and that's not going to happen.

What investment company are You working for, trying to shake out/ manipulate /biz/ into selling BTC cheap ?

I can easily argue that there's too many big players in this market to let BTC go below 5K ever again.

Not to mention exchanges and BTC relation to ALTs, and as long BTC pairs corelate with ALT buys 3-4K range will not happen.

If You are betting at market collapsing and exchanges turning off BTC pairs, You are out of Your mind at this point.

But nice thread. Please draw more rectangles and try to compare charts with BTC in 2014 with current situation, completely missing the point of cryptocurrency in 2018.

2014 =/= 2018 buddy. Uncomparable markets.

>>10309616
>24 angry frustrated posts
You seem like a fucking douchebag who has trouble communicating without sperging out. That's my take. tl;dr: short (you)

>>10309742
If you only knew how many times I got called retarded by other TA twitter faggots for calling 10k retracement, then 'return to normal' and saying it's going down to 6k$... And how that would collapse the whole market and that btc miners will leave, etc.. That's just the worse argument to have in crypto and you aren't looking from the right perspective.

>>10308712
Fib retracement has no predictive value my man. The trouble is they're literally babbys first TA since they're so easy to draw. If they did have predictive value, the market would have learned to completely account for it long ago and *then* they would have no predictive value. You gotta look deeper than that man. If you're gonna do TA right, you need to look for things like volume at the support and resistance lines to get an idea of those lines are likely to hold and if not, how far will you go beyond them before you get the inevitable retrace. That's what you're really trying to measure and a simple fib retracement can't account for that as it has no concept of volume at all. And that's just the beginning. It was a nice try kid but you got a lot to learn.
t. guy who 60x'd between January and July doing what you are only pretending at

>>10309901
This is /biz graph/ for retards, I use VPVR for different sections when trading normally and rely heavily on daily SMA200 for guaranteed opportunities on other markets also.

I'm just saying BTC graph is the same as 2014 in retracements or very very very very similar, since it goes perfectly with theory of parabolic movements and its retracements. BTC graph is the easiest in mankind, since it doesn't take a lot to figure it out during hype phase and retracement phase.

>>10309792
>don't reply, get called a larp

>reply stating check what I said for yourself, get called obnoxious faggot with superiority complex

>>10309985
I've got another newbie question: My target is to buy some altcoins that right now look pretty cheap desu, those are Aion, monaco and trac (In case you want to comment about them).

Do you think it is a good moment to buy them for this bounce looking at short term or you would suggest to someone like me with little experience to wait to those 3-4-5k btc price and then just buy and wait?

Thnx in advance

>>10309889
I predicted market bubble popping soon in December while drinkin beers with my friends at the bar, when waiter who was serving us asked us "is this is the good time to buy bitcoin".

Waiter was 18 years old, and that was his first night on the job.

Then all I advised everyone at the table to reach out to everyone that's holding crypto to sell their shit.

That's my fuckin true story, which was based on zero meme charts, but on pasta from 4chan about stocks. And when waiter asked that question it was almost like TrumanShow shit.

Back to call and why this is related.

10K to 6K was a right call, but 3-4K in 2018 are not going to happen, and we can easily argue about:
-exchanges
-alts
-miners
-whales

That's why I called this prediction BS, since You are only basing it on some market patterns instead of looking at more variables outside.

What I was doing at that table before the waiter question, I was explaining 2 of newbies friends how to buy shitcoins etc.

How this relates is, people won't fuckin sell BTC for 3K, because people are educated enough this time, and won't fall for some manipulations.

Waiters are gone.

>>10308899

zoom out. draw same line.

we're at denial. see you at 100 dollars.

see? it's easy to draw a line that you want to see. the hard part is seeing waht is actually happening.

>>10310075
This is an interesting opinion Tbh.

>>10309572
>XRP
ok you are a retarded banker . i get these shills every week from the retarded banker consultant from my local exchange

>>10309184

Yawn. they said this in 2014 too at about 600$. Yawn.

every tard in this thread pls gtfo. JFC the green candles bring out all the fucking retards. even pajeets are better than this, they are less arrogant. you are all insulting OP whe nyou don't even know what you are looking at. this is the definition of a retard. try attacking his TA and not the fact hes using it. especially seeing as yo uall just creamed yourself over the Inverse Head and Shoulders which took most of you a bit closer to braking even lmao.

Op is spot on with his TA, and we are going to be visiting 3.5k based on it. nothing has changed yet. even a pump to 8k fits this narrative perfectly fine.
The only thing that can change this is Fundamental analysis which is different from TA. sometimes we can get a curve ball like ETF getting approved.

In other words, if ETF gets denied, we are goign to 3.5k and we wont see ATH for 2.5 years. screen shot this.
You faggots better pray for ETF approval.

>>10309493
ive been going all in since bitcoin is sub 7k eur
so like 9k usd
damn
anyeway im a student and can save like 600 euro a month so i feel like its too little, too late
unless bitcoin goes to 248k in 2033

>>10310136
This actually happened. Everyone around was talking about crypto in December. This waiter was enough for me.

You asked above about books etc. Here's the trading books dropbox, if that's what you want to learn. Link is not mine, but it's often pasted on /biz/.
>https://www.dropbox.com/sh/3y4tx4bssv6zm9v/AAC-o_C-q3jT-0flTFC5o_Lxa?dl=0

Also if You are really new to trading and /biz/ in general, don't learn shit hard way. Pic related may help You.

>>10308817
Based anon laying down the law. I plan on moving about 15% of my port into tether. When should I do that?

>>10310387
Answering my own question: 8.5–9.5k

>>10310136
>>10310075
I fucking remember in December hearing normies talk about litecoin at the base lodge of a ski slope. I should have market sold that fucking day

>>10308712
Don’t let these retards phase you.

Your analysis was clear, logical, and lacked emotion.

Anyone arguing is either brain dead, misinformed, or delusional.

What is your expectation for the price of BTC long term? Or at least it’s ATH?

>>10310187
When will ETF approval be released to the public?

Do we have an approximate date?

>>10309003
thank you

somehow you faggots deliver even in an anon shitposting place like this

im still waiting for 3.5-4k