/biz/ - Business & Finance

Any suggestions when to start buying?

>>17355765
5k

>>17355817
Ignore this guy, lowest is 7.5 but I doubt it will get there

>>17354927
LMAO it’s not going lower than 9.5k. Buy now.

>>17356030

>>17356052
> bitcoin will never be below 10k ever again
t. bulltard

>>17355765
violence is always the answer, regardless of the question.

$1k

>>17356052

Short 100x to 9.5k?

Now

>>17356052

oOooOo

>>17355817
>>17356061
long term support will hold

>>17356061
halving will shit in your sandbox tho you can double that $5k price in june

>>17356336
the fun thing about meme lines is that you can make them say whatever you want
see long therm support was lost in 2018 then retested in 2019 and rejected, one could say this is extremely bearish :)

>>17356336
>>17356564
Why does anyone think meme lines work when bitcoin is entirely driven by wash trading and exchanges and shit?

>>17356607
have you even read what I posted ?

>>17355765
Lmao

>>17354927

there will be a massive dump shortly after the halving once many miners figure out it is no longer profitable to mine bitcoin and sell their tokens to leave the market, buy then

>>17356630
im agreeing with u dumb dumb

>>17356564
>the fun thing about meme lines is that you can make them say whatever you want
You can have multiple interpretations and you should take a holistic approach.
In the case of your line: that broken support acts as a resistance but there's still support where I drew my line. Broken support above doesn't invalidate lower support.
>>17356607
Because it works more than 50% of the time, which is enough of an edge.

>>17356692
massive dump already mid-end of April. until then be as greedy as possible tho

>>17355765
>Any suggestions when to start buying?
I'd say 8500.. I have seen a pretty bearish div and called this shit at 10'000

>>17356052
It would suck to lose 9.5k after so much work went in to recapturing it. That was the bottom of the descending triangle of Summer 2019 that turned into resistance, but it's back to support again. I hope it stays that way.

>>17356765
>Because it works more than 50% of the time, which is enough of an edge.
this

>>17356765
>In the case of your line: that broken support acts as a resistance but there's still support where I drew my line. Broken support above doesn't invalidate lower support.
where there is the support?

>>17356765
>you should take a holistic approach
the fuck is wrong with you sperg

Fuck.
https://www.tradingview.com/v/9wda3yUw/
just gave a sell signal on the 1d chart.
Where's the next support under 9500?

>It's a support line, wait support failed so it's actually resistance
lmao

>flip a coin, guaranteed heads except when heads fails, then it's a tails
this is the logic behind support/resistance lines, it's playing with the numbers to fool oneself

>>17356607
I don't know. I only use memelines in stocks. I dropped them like a hot potato in FX and crypto. If you want to use memelines so badly, support and resistance levels are more accurate. For instance, BTC is testing the 9.5k support at the moment. If it breaks, it's time for whip out your tastiest pink Wojaks.