/biz/ - Business & Finance

>>17828798
Nothingburger

>>17828798
PRICED IN

literally dont think it matters at this point. price hasnt changed much since

>meme lines
Kill yourself.

5200 => 3100

SOON

>>17829407
that is not the point

>>17828798
Why can't the price just climb above the line?

W-we have 10 minutes left, right whales?

it's gone below it before.

If we hit 1k then I'm buying 10 btc and holding for 100k. Easiest million ever, just need to wait a few years

>>17829618
jesus, some of you guys dont fucking get it.

>>17829618
Bitcoin isn't coming back retard. It's not gonna moon again or even reach ATH

>>17829679
>>17829692

>>17829575
has it closed below it tho? When?

>>17829575
I don't think so.

I blame BitMEX's liquidation engine for getting in a negative feedback loop for this unfortunate situation. The moment BitMEX went down, price started recovering.

https://threadreaderapp.com/thread/1238306306043162625.html

>>17829742
look at a chart with 200 weekly sma on

>>17829952
Chart's wrong. June 2019? Can't fucking count. Also zoom in.

>>17830151
I meant 2015. I don't know why I had 2019 on my mind. I also zoomed in.
Ok, it's a little below the 1w 200 SMA early on. You're right. If we stay close, we might have some hope, but if we drop substantially, we could be fucked.

>>17830496
care to guess what exchange started trading on that date ?

>>17830710
bitfinex?

Buttcorn will be $1k EOW
<$500 EOM
Screencap this. Just look at the charts.

>>17830813
Guess again

>>17830710
The first daily candle I have for BitMEX is 2015-09-24.

>>17830887
yeah I was off by 2 candles but you get the idea

>>17830813
Bitfinex's first daily candle as reported by their API is on 2013-03-30. Bitcoin's open price for that day was $92.50.

>>17830933
Talk about great timing.

So last bull run was pushed by Bitmex and not Tether?

>>17830987
Bitmex margin trading is was triggered the 2016-2017 bull run and "saved" BTC back then
not the fucking halvening

>>17830710
holy shit youve got my interest

>>17831031
bitmex kicked it off for sure, tether probably played a role but only in 2017

What do you mean "closed?" According to what location? I thought Bitcoin, being borderless and all, does away with such silly concepts.

>>17831156
candles still have to close at one point so BTC candles follow UTC time

>>17831031
Their volume didn't really pick up until the late stages of that bull run. I feel like the BCH fork played a big role in increasing demand for BTC so that people could maximize the amount of BCH they'd get after the fork.

>>17831156
>closed
Closing price is a trading concept for the last price of a given timeframe. In this case, we're looking at the weekly chart, and the last price bitcoin traded at was below the 200 week average price.

>>17828812
the tranny cries out in cope as he seethes

>>17831205
I hope price can stabilize at this level.

>>17828798
>closed
crypto markets never close.

TA is fucking stupid. Someone could pump BTC to $20K in one day.

>>17831625
A candle has 4 components.
- open: the first traded price in a timeframe
- high: the highest traded price in a timeframe
- low: the lowest ...
- close: the last ...

We're not talking about trading being halted. We're talking about the last price traded for the week which is called the weekly close.

>>17829431
should be a verryy brief dip under $3k, trying to buy that.

It's gone before and the next candle it rocketed up.
Also
>arbitrary lagging indicator line.
First rule of finance past performance NEVER determines future performance. No matter what a TA dat tells you. This shit has just proven that

>>17828798
>1 post by this id

>>17830883
I can't wait for a class action lawsuit to hit that grinning nigger in the head.

>>17829375
Its a new weekly candle..we have all week for something to happen. Looking like a double bottom at 3150 is possible, and if it goes lower than that....1300 to retest previous ATH as support

>>17831625
Lol

>>17828798

Crashing because all the factories in China that were used to mine it realize it is worth nothing all selling

>>17831625
Yep. That's how I know it's a kike trying to get us to sell.

>>17831958
When is the end of the week, kike? Is it Sunday at 11:59 PM CST? You stupid kike.

>>17832654
1. I'm not a jew.
2. The end of the week for cryptotrading purposes is Sunday 00:00 UTC.

>>17832654
>Sunday at 11:59 PM CST
UTC

(and I'm not a jew).

>>17832779
Culturally, spiritually, religiously, or ethnically?

Market is not liquid so TA doesn't mean much.

>>17832779
>>Sunday at 11:59 PM CST
>UTC
Now, kike, can you cite your source for that? Proving crypto's weekly close is 11:59 PM CST?

>>17830710
>>17830887
>>17830883
>>17831031
>>17831052
I'm with >>17831054
What does this all mean?
The bullrun was all fake and orchestrated by Bitmex?
And bitcoin's real value is around $200 if that never happened?? Wtf?

Help a brainlet out here understand, thanks

>>17832990
it's FUD.

Bitcoin's value is what we make it. Bitcoin is right now an alternate currency that is out of the monetary hands of the various govts and jews. If you put your USD into btc, and someone decides to devalue USD, or give your bank account a haircut, or transfer the USD to a new digitized currency, or cause a bank run, etc etc, it won't matter if you have btc.

>>17832948
Why are you so mad?
You can go to TradingView, open up a chart, and look at it on the weekly timeframe. You can see the closing price for the week, and then you can switch to the daily timeframe to see what day corresponds to that closing price.

You can prove it to yourself. And it's not CST. It's using the UTC or GMT timezone.

>>17832990
That's their theory. I don't think BitMEX had enough volume back then to affect the market to that extent.