/biz/ - Business & Finance

>>49559802
Elaborate what this means

>>49559802
Please elaborate so a retard as me can understand.

>>49559802
But that doesn't mean it will happen this year.

>>49559802
1482 seems kinda overvalued, might short later idk

>>49559874
Hello my sub 100IQ compadre

>>49559904
Yea yea. What’s it mean

>>49559874
>>49559880
all gaps must get filled.

>>49559904
Oh you are a fellow helmet wearer. My sub 100 iq misinterpreted that lmao

>>49559920
So number go up?

>>49559920
I get that but what does it mean? There is resistance at those levels?

>>49559920
Btc has a gap at 3.5k

>>49559948
number goes down extremely. an unfilled gap means the price has basically skipped a certain price point. therefore it must go back down to that price point to fill it and "complete" the chart.

>>49559969
i know but that will never get filled. the jews will not give us $3.5k per btc ever again. too bad.

>>49559993
why must it? people dont want to sell at that price so those buyers who missed it simply missed the boat. no refunds. see ya. sorry.

>>49559993
In ETHs case that means it has to go up then?

>>49560028
well according to laymans law 9 out of 10 get filled. so not always but pretty close.
>>49560040
my bad i wasnt even aware that eth has dropped this hard lmao. so yea it has to go up to get filled but thats probably something for next bullrun

>>49559993
He said the gaps were above the current price

theyre called singles and they can remain unfilled for weeks, months even years
but yes, good job finding only true way to trade, which is volume and time profile

>>49559874
>>49559880
Gaps always get filled. When assets trade to quickly they can jump on price and leave gaps behind.
For example a stock jump from 100 to 150 dollars a share. There is now a 50 dollar gap from 100 to 150. Generally these gaps get filled.

>>49559802
All gaps must be filled. Did you forget the BTC $4000 CME gap?

>>49559802
>They will get closed.
So no one traded at those prices. Who cares? Why does it matter?

>>49560242
>All gaps must be filled.
Everyone repeat this retarded shit but no one gave an explanation why they think "it must be filled". So I guess you are all retarded parrots.

>>49560246
its how market works, listen here little brainlet ill explain
look at the area between the red lines, thats called singleprints and we had those since morning, means there was no fair auction (which is actually what the market is called) at that point and after we tried to break the balance it formed over the day (downwards wick), we got bought up to the unknown level where the singles are, there it was denied from entering the upper level and was prime entry for shorts
if you have questions ask away, its complicated and i might have not explained it perfectly, but it works, its literally reading the market and works for every asset with decent volume

>>49560291
It is because no one actively bought at these price ranges.
All trades in these price ranges were straight sells into the books, i.e. the buyers were market makers. People who have the patience to wait for the price to come to them.
These are not weak hands.
Therefore, at these price ranges, there will not be selling pressure of weak hand retailers (who do not place limit orders and make markets) desperately trying to get out and break even after having sweated for a few days, weeks of being down on their investment.
Swift moves down or up signal regions with low sell and buy pressure respectively due to this.

>>49559802
Post longs you shitty trader

>>49559802
explain what this means IN SIMPLE TERMS
Like one or two sentences
what should I think about this

>>49560462

>>49560352
This is a good explanation:
https://www.youtube.com/watch?v=1grhrsO-3xo
So it's just like fibonacci levels and resistances. There is nothing fundamental behind them. But because a lot of traders listen to these they become self fulfilling prophecies. It's crowd psychology.

>>49560708
>>49560446
It's a tale of weak hands v strong hands.
Bagholders at these levels are strong hands.

>>49560291
its like if some rich asshole broke into our house, stole a bunch of stuff, and left his cellphone behind, so we all go to his house and beat the fuck out of him until he gives back our stuff

Ok but Ethereum is below those numbers so who gives a shit? It could get filled in 3 years from now in the next run lol.

>>49559903
sorry longs

>>49562684
I'd keep an eye on ETH/BTC if I were you.
Seems like this is reversing.
We had 1.5 days of only lower highs, now there are a few 1 hour+ relief rallies happening and more and more of them.
May indicate a change in money flow toward a higher risk asset (ETH)