/biz/ - Business & Finance

>>53013741
>bearish engulfing
are you talking about your mom?

>>53013741
Eternal crab market

>>53013763
no, it means your anus engulfing bobos big bear cock and seeing btc down to 7500 at a minimum early next year

>>53013787
TA morons are so fucking insufferable
they completely ignore macro and events driving the price and they look at "candles"
fucking mongoloids

>>53013800
So bitcoin gongo up?

>>53013838
we are in december 2018
just buy, it goes down, you buy
it goes up, you buy
then wait 500 days till halving and another dozen of week till it starts mooning again once the "it's priced in" faggots are flooding the board

>>53013741
This was because of the recession+Sbf's paper bitcoin bullshit+he also caused voyager to fail. Maybe luna. Maybe celsius too. Maybe others as well.

Faggot SBF did this shit. He's gone now

>>53013800
Like interest rate rises?

>>53013851
>we are in december 2018
Ok, but rates, economy is shit and they will let stagflate economy

>>53013741
Just because next candle is bigger than previous doesn't mean it's engulfing. Read investopedia at least ffs.

>>53013741
I'm looking at the 21-year chart and it's painting a Bearish Rectum Drilled pattern.

>>53013741
if it crashes, will we get an alt season like no other?

>>53013851
>haha btc will never break previous high
>btc will never be below 20k ever again

>>53013909
I don't get you niggers. If you are poor now and a recession happens you will stay poor crypto or not. If a recession does not happen and you buy crypto now you might become rich and stop being a poorfag.
Unless you are already rich or you enjoy waging you life away buy crypto

next: it's over.

>>53013851

I agree. However I dont see money flowing into crypto for another 5-6 months. If the inflation tapers off however, we will stabilize at 23-30k. Fomo will start a few months before halvening. Probably sit pretty at 40-50k around halvening. Then its takeoff and time to smash previous ATH. With no FTX to manipulate it will be interesting to see how it plays out. Last time I predicted peak at 110k, I can see that happening.

>>53013741
16k is pretty good for a piece of shit coin that doesn't have any use case. bitcoin is only going down from now on.

>>53013741
Bitcoin has only been performing during a lowering interest rate cycle with money printing.
Unfortunately it seems the 40 year cycle is over and and a new 40 rising interest rate cycle has started.
This is being reflected in your chart. It's the beginnings of a mega bear trend in bitcoin.

>>53013741
A bearish engulfing candle is a 51% probability. Bitcoin is a baby asset that's not even a trillion dollars. I don't put to much without into it.

>>53014436
If you don't think we are going back to low interest and money printing then you need to study mmt. Besides there's a ton of cash on the sidelines that will pile in once conditions flip.

>>53013741
Show the Rainbow Chart. Much more accurate.

>>53014436
>Bitcoin has only been performing during a lowering interest rate cycle with money printing.
>Unfortunately it seems the 40 year cycle is over and and a new 40 rising interest rate cycle has started.
>This is being reflected in your chart. It's the beginnings of a mega bear trend in bitcoin.
There will of course be significant bear market rallies (that will be labelled bull markets by the bitcoin permabulls) but in the context of an overall bearish trend going forward for the next few decades.
Bitcoin will be trending toward zero dollars, and people in the future will be looking back on the 2010s as a strange case of mass delusion that overtook the global general public which caused them to speculate on intrinsically worthless funny internet magic tokens and bid these to ridiculous valuations. It will be in the history books, and people will marvel at how dumb people were back then and how they could get caught up in such greedy schemes.

>>53014531
cope lmao

>“Most crypto users made their first transactions during spikes in crypto-asset prices… Usage of crypto is broader and deeper for men, Asian individuals, and younger individuals with higher incomes…

>“Crypto holdings for most individuals are relatively small—as median flows equal less than one week’s worth of take-home pay—but almost 15 percent of users have net transfers of over one month’s worth of pay to crypto accounts… Most individuals who transferred money to crypto accounts did so when crypto-asset prices were significantly higher than recent levels, and those with lower incomes likely made purchases at elevated prices relative to higher earners.“

You niggas think BTC gonna wait for all your tard projections?

No, BTC gonna fuck y'all sideways and from behind. It's not going to wait for your tard DCA grandma on wheelchair moves nor going to give you a chance to enter.

You expect your leftie LGBTQ rainbow chart to hit, njet nigga

You expect 10k or my engulfing red 1decade candle to give you a bear market of your dreams? No nigga

You expect it to hang here and just reach 20-25k for 2023 so you can enter? kek, and no nigga

What BTC is going to do is fuck all of you and when you want to enter between 40-50k it will fuck you Kamasutra style once again.

all you fucking nigga poor tards do is wait and after you have sucked the tiny sausage of your influencer telling when you when to buy, you gonna already be rekt.

>>53014936
Holy digits. Sage

There is 3 possibilities
•Line go up
•Line go down
•Line crab

>>53013741
years are just like.... arbitrary groupings of time, man

>>53013787
Lol, lmao even

>>53013741
it means you're a faggot.

>>53015063
Suck it, glasseyes.

>>53013800
And what is it you think is used to determine price which is expressed in a candle?

>>53013741
>bearish engulfing
TA fags are a joke

>>53013741
>bearish engulfing
Are you fucking blind, that's an Elliot wave.

It's mathematically impossible for BTC to close a yearly candle below previous ATH you fucking newfags.
>>53013851
>newses
You newses retards are so fucking stupid haha. Macro don't matter man only the chart and TA.

>>53013800
>newses
You're poor, TA and chart are all that matter. Newses is irrelevant.

>>53013741
is this logscale?

its much more scarier that is going to close on a yearly td9

>>53016376
>mathematically impossible
Just like we broke below 20k and it meant nothing (I don’t see bitcoin going to 0$ because we suddenly broke previous cycle ath)
We’re going to close yearly red and it’s going to mean nothing
Whatever happens next year is irrelevant
How the next 10 yearly candles are going to look like is relevant

>>53013800
Macro/fundamental are bearish. The TA is also bearish. You would know that the FA is bearish if you could actually do TA because the chart is literally the only thing that matters.

>>53013741
The chart can't roll over until it gets a bearish engulfing.

This could easily flush. Looks like a lot of support around 3200-3700... it could bounce there.

I think eventually we penetrate 1k for a day or two, and that will be the real bottom. Maybe this year, maybe next.

>>53016402
>looks at chart
>thinks log is significant
>literally cannot identity it
Nothing but j*wish slaves on /biz/

>>53016615
its a yearly chart, which u have to pay for, i prefer using free version. log is important, because who the fuck fud with logscale

>bearish engulfing

>>53014531
Nocoins detected

In the face of financial turmoil, I bet Bitcoin will surprise everyone. There's a reason why the ECB spends time talking down an asset that's not even a trillion dollars. As financial repression sets in, they want to close the exits while they burn the building down.

>>53014500
>printing then you need to study mmt
why does mmt say that we need to print?

>>53014250
Hugh IQ top sellers predicted this. Permabulls who said otherwise capitulated without gains.

>>53013741
dump to 50c
crab for 20 years
after that pump to 100$
WAGMI cryptobros
KEK

>>53018251
Money printing a core feature of mmt. We are far beyond the point of ending money printing. This year's tax receipts alone are going lay down the next phase of money printing in the future. Fiat will continually be debased, that's the trend and it's not going to reverse.

>>53018333
>dump to 50c
>btc
are you delusional

>>53016399
FA matters most to me. The tech and utility. More reason I'll buy mid caps like ORE with good security tech.

>>53013909
if we get a stock market crash, we might go down further
so what?
just buy more

>>53018471
just looking at his chart
most shitcoins dump to about the middle of the second candle and crab there forever
for this shitcoin it is 50c
thus it is written

>>53014531
>forgets the part where central banks progressively set lower and lower rates, perform hedonic adjustment on inflation so that they can lower even further
you think rate hikes are permanent? lmao
1.7 trillion stimulus bill is coming, and after that, debt servicing, and then more and more

>>53018354
>Money printing a core feature of mmt
Doesn't Powel want a solid economy based on FACTS rather then moneyprinting?

>>53013851
The only cretins as retarded as the TAfags are the history-repeatfags like you.
Actually, you both use the exact same logic, so i find it rich you shit on TAniggers while being a TAnigger yourself, just without the lines.

>>53019013
>history-repeatfags
>you both use the exact same logic
moron, supply shock is real, inflation gets cut in half
that's not a meme line, that's infuencing supply/demand for real

>>53018980
>you think rate hikes are permanent? lmao
you think low rates are permanent?
>1.7 trillion stimulus bill is coming
This is inflationary which will require elevated interest rates to keep under control.

>>53019148
>you think low rates are permanent?
the trend is pretty clear
>This is inflationary which will require elevated interest rates to keep under control.
it's the opposite, elevated interest rate on elevated debt makes the debt more expensive to service, that's why central banks like to set zero or even negative interest rates

>>53019189
>the trend is pretty clear
Yes, you need to come to terms with changing global dynamics post covid.
>it's the opposite, elevated interest rate on elevated debt makes the debt more expensive to service, that's why central banks like to set zero or even negative interest rates.
The central banks main priority is to keep inflation between 2-3%. They will keep interest rates elevated to achieve this.

>>53019361
>The central banks main priority is to keep inflation between 2-3%.
no it's not
the main priority is to lie and deceive, asset inflation was already 10/15% before covid, they just do hedonic adjustments like
>let's remove beef steaks from the consoomer basket and add toasted cockroach and cricket powder
>let's remove butter and replace it with margarine
>let's remove heathcare and education expenses
>b-but goy if you remove energy prices inflation is already back to 2%
they literally don't give a single shit about real inflation rate, they just want to gaslight people to show they are serious about it, but they are not
remember that the FED is not some independent institution, they do whatever the government says, it's their printing machine, and the decision to print money or not it's ultimately political
you will see a shift in the narrative about how 2% is not the new target, but 3%
and then in 10 years it will be 3.5%, then 4%
they are trying to normalize it as if it was good for the economy / climate / society
they will tell you
>either you accept 5% inflation or oceans are going to boil
>we need to take urgent actions for the climate and it requires a 150 trillion stimulus
and all of that require low interest rates, cause the lower they are, the lower is the interest on debt

>>53019410
>asset inflation was already 10/15% before covid
any proof?

>>53019410
>>we need to take urgent actions for the climate and it requires a 150 trillion stimulus
but this stimuli they print for ucraine do they come from bond purchases?

>>53014331
So simple. So perfect.

>>53018978
>btc
>shitcoin
anon

>>53019148
it isnt just about interest rates its about the tightness or not of financial conditions
they will print the fiat debt system requires ever greater amounts of fiat to be made up out of thin air so yes easy financial conditions are permanent
the rates in argentina are pointless they print such huge quantities of local shitcurrency they still inflate assets to hell

>>53013741
It was a good run, watch this shit bleed to death for the next 10 or so years. Its a failed experiment at this point, very sad but true. Wtf you still doing in crypto?

1 2 3 red
1 2 3 red
1 2 3 RED (you are here)

>>53013741
bullish

>>53020043
>he doesn't pay for his own food or energy
>he hasn't seen it first-hand like the adults around him have
why are you even here

>>53013741
>ever red candle followed by a green
why shouldn't I just buy after every red candle?

>>53018985
You mean, " doesn't Powell want an economy based on sound money"?
Even if Powell wanted that, there's nothing he could do short of scrapping the entire money system and starting over. It's money printing til the money becomes worthless, then some type of reset.