/biz/ - Business & Finance

>>49610183
NICE ASTROLOGY BRO!!!!

>>49610183
Fuck it, I'm all in

its below the 200 week

>>49610183
somebody debunk this so I don't get my hopes up

>>49610183
enjoy getting rekt faggot

>>49610183
Probably a bit more pain, but I think we're very near the bottom

>>49610183
>/biz/ @ 65k "OMFG I NEED TO BUY DOGSHIT COIN NOW BECAUSE IM GONNA MAKE IT
>/biz/ at generational buying oppurtunity
>HAHAHA I KNEW IT FAGGOTS ILL WAIT TILL 4K!
yeah i think im wagmi

>>49610331
SHUT UP SHUT UPPPPP

>>49610183
If it makes anyone feel better, the realized price is 23.4k, that is the average price of all Bitcoin at the time they were last moved, which more than anything has been a firm bottom.

I'm sure it's a deep enough point to expect a safe bounce.

>>49610183
when everyone becomes aware of a pattern and believes its going to happen again, it stops happening

I think the double top means we are in for more pain than the last cycle

>>49610183
i love how these chartards completely ignore the backdrop of a pending recession and rising rates. check out the bitcoin price the last time that combination existed...you literally can't.

>>49610510
>when everyone becomes aware of a pattern and believes its going to happen again, it stops happening
then why is /biz/ so bearish?

and there we have it, the lower volume double bottom, bounced right on 22k.
thats it boys, dumping is over. sorry to the fellas that sold :(

>>49610183
its gonna flash crash to the 300 ma and all the 200 ma longer are gonna get roped

>>49610183

>>49610183
I'd agree if the macro didn't look fucked.
We need the FED to ease off for a relief rally.
Then a post election scamwick down to the 300MA.
Then the bullrun along with the halvening.

>>49610325
Large money will buy the dip as panicked retail gets priced out.

>>49610183
woah look at Mr. Big Shot trader! He's a real serious analyst with his RSI and movie averages. Look, mommy, look daddy! I'm doing price forecasting!!!!

>>49610373
You just told me we have further damn it
until all of you see that its over we can't be at the bottom

starting point for relief rally yes
bottom no

Prediction:

Break below previous ATH to around 18.5k. People start panic selling for real. Reversal to 200 ma or above. Everyone assumes the bottom is in. Liquidation dump to 300 ma around 16k. Crabbing. Weekly close below 17k breaks 9 year long uptrending channel on the log-chart. Dump to around 12k. Crabbing. Dump to 9.9-9.6k (CME gap). Short term reversal. Final dump to around 7-5k.

>>49611640
do you like to bet multis too?

>>49611914
What?

>>49610713
You're buying into false narratives. Never in history inflation meant -90% drop in assets value, We typically crabbed within a range.

Crypto overreacted already, Equities can drop lower but don't fall for the doom bobos.

Although the 10yr yield is slightly concerning, In theory debt bubble collapsing should be insanely bullish narrative for crypto but thus far it seems like it's only a leveraged asset of daddy boomer stocks for all the wrong reasons, Equities might be in a bubble and need 150T to maintain itself, Crypto is young, small, promising and have the actual right ideals underlying everything, It's a real shame it got sought into all of this fuckery

>>49611640
I'm betting something like this aswell

might put in some money now, and then put in some more if it tanks to 10k
then hold for 4 years

>>49610183
200 more weeks

>>49611640
Imagine this breaks down with a weekly close.

>>49612043
sir, what crypto is facing right now is a liquidity crisis

we've got 30-50% to go down in the next 2 months then it'll be safe to buy

>>49612653
I agree for BTC but altcoins are still going to dump for a long time with intermediate rallies

I've had two prices in my head for a long time: 20k and 12k. We're close to 20k now. But fuck. The stock market is barely getting started on its downtrend. Traditional finance is going to get obliterated this year. So where does that leave crypto? It can't rally in this environment. This year we're going to have companies firing staff, worldwide food shortages, runaway inflation, countries will be literally burning with rioters and military coups and revolutions. This is not the environment for crypto to do anything but go sideways, at best.

>>49610183
this chart just makes me think we're going to at least 15k

>>49612837
gold historically skyrocketed in those times

>>49612762
kek of course alts are getting fucked

>>49612933
great, find that bottom kid.
i am buying and hodling for next market cycle

>>49611640
yeah I'm also thinking something like this, but with some huge bull traps thrown in between the dumps to really deepen the pain

>>49612043

Last time bitcoin hit a bottom it crabbed for 6 months. There’s really no rush to buy in until the broader market outlook improves

>>49610417
you think you're we're all going to make it?

Not with that grammar you fucking degen

>>49610183
if you didn't buy march 2020 you won't buy now
I didn't but now I do

>>49610183
At the very least, the FOMC meeting weds will be a massive buy-the-news event that gives us a healthy rally. This drawdown has been selling-the-rumor of big Fed hiking possibilities... it's fear like I haven't seen since capitulation 2018 and march 2020.

>>49612837
>This year we're going to have companies firing staff, worldwide food shortages, runaway inflation, countries will be literally burning with rioters and military coups and revolutions. This is not the environment for crypto to do anything but go sideways, at best.

what about monero?