/biz/ - Business & Finance

>>13100408
we are already past it. $2800 was the bottom.

>>13100408
Were due for another drop in the next 2-3 months. Like a 30% or more drop.
After that we'll begin the climb

>>13100428
yes but it will be a 30% drop from $5k
you missed the bottom sorry!

>>13100435
Hey, do what you want.

>>13100408

Triple digit shitcoin is the bottom

>>13100435
the cope

Bottom is right here
*bends over and shows green ass and ball sack*

bottom is 2,400$

>>13100408
Sub 1k

>>13100428
lmao the delusion

>>13100408
between 1200-2400 and a nasty wick that just goes into oblivion.

>>13100743
This, seriously.

>>13100408
We hit the bottom around 3k in my humble opinion

People claiming we already hit bottom before mtgox coin release are just heavy bagholders.

>>13100428

uh sorry no. if you aren't buying now you might not make it.

2.5k and im willing to bet anyone 1 btc that we see that before bull market

>>13100783
A drop to $2000 or a rise up to $5000 would both be within the expected range as I remember. So neither should be unexpected.

>>13100408
We got one more drop in us. Bear market sell off to between $2-3k and then I think the next bull run starts desu. I actually think we're gonna see the sell-off within the next couple weeks. feel free to cap me permabull retards

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

no larping, 2k and a dip to 1600-1800

>>13100857
sounds legit but the time (bottom in May) is too early. I'd say that bottom will be reached in November

>>13100857
Volume during the fall to 3000 was almost as high as the rise to 20000. That's absolutely capitulation. Also, the 200MA on the weekly being strong support is a universal fact in all asset classes. Barring absolutely terrible news (network compromised, major exchange hacked and drained, regulatory surprise), there's no reason that the 200MA won't hold.

>>13100961
The previous cycles capitulation dwarfed the lead up to the respective cycles ATH. I am of the belief that cycles are getting longer, wouldn’t make sense to find support off the 200. Only logical explanation would be the 200 weekly MA is technically 4-years, which is the same period as a halving cycle. Still weak as btc won’t rise like this forever if it truly follow a power law, as evident in image (i.e cycles need to get longer).

if you guys think this retrace will match the last one you are in for a major disappointment

>>13100989
Maybe. I don't know why I forgot to mention it, but the impending global recession is going to have a massive material impact and throw off any cycle that starts. It may be the catalyst for falling to the 400MA. I could see the 2020 halvening cause a boost to above 6k (maybe even to 10k) before crashing back down to 3k and possibly below 2k.

Either way, any price below 5k is going to be an amazing entry looking back on it in 3-4 years time.

>>13101063
expect 2 years and at least a low of 1k probably lower

>>13101082
So I have 2 more years to accumulate?

>>13100408
Biz will be on suicide watch once btc breaks $1k.

>>13101067
Next recession is the wild card for sure

>>13101094
Imagine being this thick. Neck yourself

>>13101090
i am estimating sometime in autumn/late summer 2021

>>13100408
I made a video on it. This is it. Search for The Late Adopter video named Bitcoin price 1 million.

(This post was sponsored by me)

>>13101104
Do you think starting to DCA now is a wise idea?

>>13100408
You have to look at the big picture. When bitcoin goes 100k, would it matter whether bottom was 4k, 3,5 or 2,8? Meh

We crab for two years

>>13100435
Go back to Retarddit, retard.

>>13100435
Imagine being this delusional.

Imagine being a retarded permabear after a year long bear market.

>>13101117
This logic is so stupid. If you want to buy 10 bitcoins the difference between buying at 4k and 2.8k is only leaving $400k on the table.

>>13101174
Imagine believing Ponzi schemes would recover.

What's the better investment?

>>13100408
we rise to 5000, causing instant FOMO and regret forcing the bull market into action

Man you guys are some serious retards. Bitcoin as it stands is mostly a speculative investment, it's a game played by whales, bagholders, and fresh bait. Considering the lack of fresh bait, you basically have bagholders, many of whom are so deep that there is no point in selling, and then whales who toy with the markets for small 10%~ gains. It could go lower but why would it. There's too many bagholders and the lower the price goes, the more that gets accumulated

>>13101177
True, but nobody truly knows what the bottom is, so why not DCA and reduce the risk?

>>13100408
3.2k was the bottom, we crab now, accumulate before summer, new ATH between end of 2020 and start of 2022

>>13101293
Still very risky. DCA strategy assumes the market won't do vertical dumps like that BTC drop from $6k to $3k. If you had DCA'd BTC in 2018, you would be down nearly 50%.

>>13100582

>chart starts at 2013

The bottom is $0, faggot.

bitcoin is worth nothing. it's backed by nothing but autistic faggots who think it is worth something. no one will come to your defense when its worthless because there's no intrinsic value. a few people got lucky, most lost their ass. if you didnt buy it in 2008 then you should really stop wishing - none of you have the money to make the gamble that it could launch again.

>>13101300
this is about my guess too.

>>13100408
capitulation is -90% with a nasty wick, not -85%, everybody knows this

>>13101378

No way. In the next recession no one is buying these meme coins, they're all dumping. If you're gonna gamble, do it in the downturn.

We'll drop to $2k. Sideways for 9 months, then drop to $1.2k. Then sideways for 12 months. Then bullrun

>>13100435
i thought we had BSV threads to contain you.

>>13101110

A million times yes. May/June we'll be a year out from the halving; that's when the slow uptrend always begins.

>>13100408
1500

We had it at 3200 and every incel is crying they missed it

>>13100408

$1.25

>>13100408
>>13100414
>>13100428
>>13100435
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>>13100582
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>>13101809

https://www.youtube.com/watch?v=_PXU0thDHCU

let us go to moon we r BATTOOOOOOOOOOOMED OUT! at 3100

The truth

>>13101777
based renko bro, checked

>>13100435
>Reddit

>the

>post

>>13101394
Imagine when they realize they are gonna make more money than S&P

We already hit the bottom.
Why?

Because everyone is still calling for capitulation AFTER we have already dropped 85% and 50% in what a week? When is the last time we dropped 50% in a week? China FUD?
Here is what might happen. Price will go up. People will never buy in because they are still in disbelief. People will short it all the way to 6k and get rekt the entire way there. Then as soon as it passes 6k everyone will market buy the fuck out of it I would assume, then we slow grind past 20k

it's definitely out there somewhere

Depends on how many bills you have coming due in the next few months.

>>13100688
why are you not using www.bitcoinwisdom.io yet?

>>13101908
.t. peak delusion.

Nobody knows what bitcoin is going to do. You're all faggots. I hate you

>>13101405
nothing can contain me

NVT still high -- plenty of room to correct downward. 200MA may hold, but if it doesn't, it becomes significant resistance. You have to consider macro factors: China and Europe are already experiencing economic slowdowns, and the US is not far behind. Ignore the "institutional investment" memers. Retails investors are and always have been the ones to prop up the bubbles.

>>13101368
usd is worth nothing since its backed by nothing - gtfo boomer

>>13100408
either 4 months ago or 4 months from now.

>>13102931
It's backed by the fidelity of the federal government, retard.

>>13102884
this unironically

>>13101908
(you)

When you sell.

The bottom is when all of you faggot sell.
If you don't sell is 0 anyway.

>>13102635
>tfw i totally trust this prediction without any evidence at all.

>>13102748
whats the difference? never heard of that url

>>13102748
>www.bitcoinwisdom.io
How is this website useful?

>>13102635
April 2019 is in a week

>>13104673
...and lasts for 4 weeks. 30% gain in 5 weeks is nothing for bitcoin.

>>13102723
it'll go to 6-7k then sub 5k for a shake out of faggots with this mentality, easy whale play, then some sideways for a year 3-5k then up.

>>13102924
this is the biggest issue. No one knows what bitcoin will do in a recession.

https://rave.dj/efjROkNvamnICA

2k

>>13100435
if this weekly overbought stoch rsi (pic related) doesnt intimidate you then you're delusional.

>>13101809
>incel
There's that epic reddit term again. What does not getting laid have to do with crypto speculation?
Tbh logically I would have said we already bottomed out, but the more I read of these braindead posts online from bulls the more I'm inclined to believe we didn't reach capitulation yet.
Not saying there aren't some retarded bears too (that's why we're crabbing now) but the sheer fantasy you still get from bulls just repels me from this market currently.

>>13105024
>being a bull OR a bear

>>13100582
how do you get MA 300 and MA 400 on BLX tradingview? cant find it in indicators

>>13105260
You can compile your own..it's really easy, just get some "3MA" indicator, edit the code and add the 300 (400,500....whatever) by copying a 200 and editing values and save as new indicator..im a brainlet and was still able to

This thread goes to show the TA is ridiculous. Everybody sees something different ala horoscopes

>>13101777
Oh my....No plz Kek , let the bottom be 3600.

Just DCA, 99% of you will not time it right and predict the bottom, you will keep thinking it will go lower and miss out when the reversal begins and you overpay just to save a few $.

>>13100408
The bottom is around 700-800. 95% of volume is wash trading...

we're pumping to 5.6k from here. cap this.

>>13102948
which is worth nothing since the people in it are not trustworthy? kek

>>13105260
add simple moving average
right click moving average
settings
interval - 300 or 400 (or whatever amount you want)

Bottom is $60-$70

Already there.

>>13102948
bitcoin is backed by human greed the most powerful force in the world

>>13100408
Nice picture of a gold coin, don't like the weird B on it though