/biz/ - Business & Finance

Technical analysis is a meme.

>>4938004

Honey badger doesn't give a fuck about your meme lines

>>4938004
The jews

>>4938004
>baby's first dead cat bounce
Fucking millennials

>>4938004
>economic analysis of any kind

Going to 20k

30m USDT printed

>>4938004
SELL SELL SELL SELL SELL

ITS COMING

>>4938004
I drew the exact same shit

>>4938073

did they really just print more tether?

Where can this be tracked/observed?

>>4938004
tether to the rescue

>>4938004
pajeet panic sales are over.
now we moon.

>>4938023
>Honey Badger
Max?

>>4938079
When biz says sell i buy

>>4938073
Not this time

http://omnichest.info/default.aspx?filter=grant

>>4938065
This. My prediction is that it hits 20k sometime this week, drops to 5k the week after and is less than 500 in a year and below $10 in 3 years.

It dipped.

People bought the dip.

>>4938004
its called a breakout.....
shakeout is over, biz sold low because no balls.

>>4938004
>People stop buying at 17k circa, which would be the limit.
>drops to 13k, people know the limit is 17k
>buy in

>using meme lines in this crazy bull run

>>4938004
>unironically posting meme lines as if they mean something

>>4938004
30k soon. buy at least 1 BTC (1 million in a few months).

>>4938126
>it's called a breakout
Literally never post on /biz/ again

>>4938145
hi McAfee

>>4938160
He said >>4938160
'jihans fork' no? His dick is kill

>>4938004

*** DAILY REMINDER THAT TA IS BULLSHIT AND ONLY WORKS IF ENOUGH PEOPLE FOLLOW IT

>>4938145
lol that's great

>>4938004
good ready on futures opening for brainlets like me

https://www.wsj.com/articles/bitcoin-futures-launch-stokes-fears-of-manipulation-hacks-glitches-1512907201

glorious wsj normie fud i know but read between the lines

>Technical Autism

You should subscribe to Peter Brandt's newsletter. He's the TA fucking master.

>>4938210
This

Creates a self-fullfilling prophecy where you telegraph your market decisions to be with real brains.

>>4938023
>>>/reddit/

>For their futures products, CME and Cboe are betting that a handful of bitcoin exchanges are sufficiently reliable and trustworthy to support a derivatives market.

>CME is using four of them—Bitstamp, GDAX, itBit and Kraken—to produce a daily bitcoin price index, which its futures would track. Cboe is using one, Gemini, founded by the brothers Cameron and Tyler Winklevoss.

>All five of those exchanges have taken steps to embrace regulation and anti-money-laundering laws. Representatives of the bitcoin exchanges said the industry had matured and bolstered its security.

>>4938210
>>4938243

>>4938106
Jenna?

>trading TA only
>making mad gains
>go to biz
>realize whos money I now own

>>4938004
1 hour chart? Are you retarded?

>>4938004
First know instance of an undead cat bounce.

>>4938004
Always use TA, goy

TA works but this is bad TA. Check a tradingview chart of someone smart

>>4938522
this. Who actually believes this is organic growth? I mean come on, it's rising faster than before the crash

>>4938121
less than $1 in three years

>>4938501
Not even OP and 1 hour is definitely my favourite chart, go fuc yourself anon

>>4938528
what charting/program are you using?

last pump

https://www.reuters.com/article/us-bitcoin-futures-contracts-factbox/factbox-cboe-cme-to-launch-bitcoin-futures-contracts-idUSKBN1E10J8?il=0

>>4938038
that is not a dead cat bounce, rofl

>>4938704
i don't use that shit

>>4938876
yep, this is organic growth on market optimism and positive news
>oh wait

>>4938004
It's called being a speculative bubble. Shit is wild like this.

>>4938004
>What the fuck is going on?

It's called a technical retrace correction. About as much to the book as you could ever see. If you didn't know this, you might as well set you grandma's basement on fire and eat a bullet.

manipulators are ruining margin trader memers life
which i like

>>4938094
No, they didn't
http://omnichest.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL

>>4938909
>What is mass disruptive tech adoption

>>4938145
this meme made me kek for a solid 3 minutes

>>4938004
zoom out

>>4938949
we call it bubble around here

>>4938004
Two days of movement does not make a trend. Zoom out.

>>4938930
I loved seeing those niggers getting lynched too.
>>4938958
>Bitcoin hasn't been increasing parabolically for years
Zoom out. Log scale.

>>4938988
how far do we zoom out?

>>4939002
"Only two kinds of people believe in sustainable exponential growth: Idiots and economists"
-Albert Einstein

>>4938145
amazing meme picture I would pay good coins for that

>>4939034
>0.25T market cap
>Gold 7T
>Dot com 7.2T
>Minimal mainstream awareness
>Bubble

>>4939050
/biz/ got the dankest memes. high quality shit only.

>>4939109
you realize bitcoin is getting listed on mainstream exchanges in literally less than one hour, yes? You realize hedgefunds hold bitcoin, yes?

>>4938004
Soon™

Buy when there's blood on the streets

>>4938004
Dead cat bounce. Pic related look familiar? It's dotcom
>>4938038
Yep

>>4939384
wonder where I've seen that chart before

>>4939150
Yes. Hedge funds have been buying for a whole month and know how easy it is to short Bitcoin. I'm sure they're all lining up to get rekt.

>>4938004
>looking at short term trends.
The only trends that matter are the ones longer than a week anon.
This is the second time it started reversing around this line

>>4939690
Shut the fuck up lol I want to see the >confused
threads when it goes back to $19,000

>>4938528
What app anon?

>>4938004
Yesterday also broke the channel and ended dropping. Just wait.

the similarity to the dotcom hype is fucking eerie to be honest

Not saying it necessarily has to go the same way, but damn

>>4939384
How do you know it's not a live cat pounce?

EVERY dip and recovery in bitcoin has looked like a "dead cat bounce" or "bulltrap" but actually they ALL turned out to be bear traps.

>>4938004
>prices trending down trend down forever

just wallstreet warming up those charts. Heh, hope you enjoyed our introduction. Now, buckle up its about to get real bumpy.

>>4938004
UPTREND IS REVERSING AHHHHH

>>4939771
>comparing 1mo chart to 10yr chart

>>4938038
dead can bounce means when price his ATL then bounced up and back to ATL. This is not even close to ATL so please stop using that term. its annoying to anyone that knows what they are talking about.

>>4939771
> Comparing 6 months interval with 2 days interval
/biz/ in its ultimate form. It has now formed an uniform mass of retards

>>4939854
Look at the ROI and tell me it’s not a bubble

>>4938004
You can’t just draw random lines and pretend you’re doing TA.

>>4939771
nah broh I've been following crypto for 2 months and know for a fact it can only go up forever. this time is different^TM

>>4939868
>>4939854
>not understanding the markets are fractals

here some reading brainlets:
This concept is called fractals. Fractals is a fragmented geometric shape that can be broken
into parts which are similar in shape to the whole. Though the study of fractals dates back to
17th or 18th century, the term ‗fractal' was used by Benoit Mandelbrot who is also known as
―father of fractal geometry‖ in 1975.
And what does this concept have to do with stock market and traders? Any keen observer of
the market would be aware that the patterns seen on the intra-day charts of 1-minute, 5-
minute, 10-minute interval and so on are very similar to the patterns seen on the daily,
weekly, monthly or even quarterly charts.
In other words, stock price movements also are fractal. It is due to this characteristic that one
of the tenets of technical analysis, ‗history repeats itself' was born. Since the patterns tend to
repeat themselves along all time-frames, it can be surmised, with a reasonable degree of
accuracy, how stock prices will react to a given set of conditions.

Those that believe TA is a meme are my lawful prey. It would save you time if you just skipped your broker and gave me money directly. At least you wouldnt have to pay a commossion.

TA works in maybe 50% of cases. It is about as good as flipping a coin.

>>4939974
>about as good
If you win 51% of the time instead of 50% you will make it.

>>4939923
Doesn't justify applying them everywhere for no reason. Anyway we will just wait 2 or 3 hours to see if you are right then

>>4939777
live cat pounce, i'm stealing that one from you

>>4939854
>comparing a time when people barely had access to computers internet to a time where everyone has internet, is well informed.

Adaption is much faster nowadays where people have such a vast supply of information thanks to the internet.

>>4938094
tether isnt backed by actual money you faggot nigger
get out literally now

>>4939923
This guy has it figured out. Study Mandebrot, Williams, and Lorenz. Strange attractors are the key.

>>4939777
trips of truth.

>>4938004
I hope you sold the double top on gdax is obvious

>>4940277
>>4940182
I mean come on, the whole fractal thing is the sole reason why TA has any merit at all. Not applying the bubble pattern in a case like this is just deluded riskyness

>btw btc just jumped down 500$ in a second on BFX

>>4938233
>To Read the Full Story, Subscribe

WS are truly the biggest jews

>>4940277
So you are short then ?

>>4940308
>>4940277
Put your money where your mouth is anon

>>4939771

>comparing a 7 trillion monster to our 430 billion baby

this has not happened in recorded trading on bitfinex. I would get out if you're in bitcoin right now.

Don't say I didn't warn you

We're at the "return to normal" stage. Get ready, we're in for one hell of a ride.

>>4940324
I dont trade crypto, only major forex pairs.

>>4939777
>http://omnichest.info/default.aspx?filter=grant
No. It's a fucking short squeeze, dead cat bounces do not sustain for this long. You pajeet.

>>4940355
I do.

>>4940243

We get information faster but we still have to make the (right) decisions and fight against our fear and greed.

>>4940361
nasdaq is the stock exchange of america's richest companies, companies that actually produce products that people use. right now, it could very well change, but right now, crypto's are nothing but speculative energy wasting numbers. you fucking schmuck

>>4939943
But I lick commosshin

>>4938004
Taking a crayola to a chart isn't a good indicator of future economic performance?

>>4940425

Also people are more aware of past events. Just look at the stock market where people are afraid of a crash. What you need is something to get people to act like a new pattern or massive gains over a longer time. Since many people are just entering, we should have at least a year before things start coming down.

>>4940456
>nasdaq is the stock exchange of america's richest companies, companies that actually produce products that people use

>>4940512
Except for the huge ammount of fake pnd scams on the OTC exchange this is true

It's called hyperinflation. Have you goys forgotten?

>>4940402
Well I don't know about forex, but I'm happy you don't trade crypto because if you shorted based on the fractal the other anon posted, you would have been rekt

25k BCH order just popped up on BCH @ 1300, disappeared immediately.

What the fuck is going on today? I'm out, I'm scared.

>>4938145
Damn this meme is fuckin' spicy~

>>4940512
"US$300 million of investment capital vanished with the company's failure."

300M cap company on a 7 trillion dollar stock exchange, pets.com was just another worthless penny stock. just like your crypto's.

>bitcoin still up $5,000 since last week
>ITS CRASHING GUYS ITS CRASHING GUYS
>IM LOSING SO MUCH MONEY GUYS
>being this retarded

>>4940627

Sounds like orderbook manipulation (spoofing).

>>4939974
I find it hilarious that TA is frowned upon and ridiculed here but people can go OMG BUY LOOK AT THIS ORDER BOOK

>>4940591
The fractal is just one part. I use old skool price action.

>>4940701
Is that a thing in crypto? I thought they only let you do that on real exchanges, and only if you paid them literally millions

>>4938063
sure thing bro

>>4939943
>your broker
what kind of sad life must you lead for you to pretend to be a boomer as a 17 years old

>>4940653

What's even your point?

>>4938145
lol that pic, I hope we never run out of Tethers...

>>4940270
Lol why do you care about what other people do with their money you pathetic faggot

>>4940725

I think so. There are quite often big orders that just disappear after a few seconds. Spoofing's forbidden in regulated markets.

>>4940270

Oh no!

>>4940745
>a line through 2 points
oh neat

Black swan means alt moons now

>>4938004
This is what I see.

>>4941006
I'm gonna swing the living shit out of IOTA when bitcoin comes crashing. It always moves down when btc moves down and rebounds when it comes up (however little)

Could have made like 80k yesterday on this but was too drunk so I got scared

Obvious dead cat bounce/return to normal.
You'd have to be pants on head retarded to not see it

>>4941325
>You'd have to be pants on head retarded to not see it
/biz/ in a nutshell. As soon as the asians wake up this board is gonna be full of wojacks

>>4938016
this, there's no logic or reason with these prices, it's pretty much random

>>4941341
we've got a 50/50 shot

it just makes sense for a shitton of people to sell and make a fuckton and just rebuy and slowly the public will gain faith again.

>>4941360
i wouldnt call manipulation by whales and institutions "random"

>>4941360
When buys exceed sells, price goes up. When sells exceed buys, price goes down. Whern buys and sells equal out, you have a correction. Nothing random at all, just look left.

Do cats bounce after they die, like a muscle spasm or something?

>>4940373
who in cash waiting for despair here?