/biz/ - Business & Finance

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Anonymous Wed Aug 9 19:53:40 2023 No.55792991 [Reply] [Original]

From 2009 to 2022 BTCUSD was in a bullrun. In September 2022 BTCUSD switched into bear market mode. That's when it fell below the long-term support (which the global market had been trading as support since 2015) which then turned into the strongest resistance BTCUSD has ever seen. BTCUSD would currently need a very fast pump of between $7500 to $8500 to get back above the support or in other words break that resistance. During March and April this year, BTCUSD almost managed to get back up above it (back then getting to 32k would've been sufficient), it kept hitting that resistance. Then fell. Which is extremely bearish.

This is reflected in how on the 1 Year aka 12 Month chart there's now a bearish engulfing candle for the first time ever.

>>	Anonymous Wed Aug 9 19:54:35 2023 No.55792998 >>55792991 That was anti Semitic.

>>	Anonymous Wed Aug 9 19:58:11 2023 No.55793035 The candle isn't engulfing until it's confirmed (closed).

>>	Anonymous Wed Aug 9 20:01:16 2023 No.55793074 >>55792991 ENGULF DEEZ NUTS

>>	Anonymous Wed Aug 9 20:01:24 2023 No.55793076 >>55792991 post chart

>>	Anonymous Wed Aug 9 20:06:59 2023 No.55793131 File: 14 KB, 978x608, first bear market.png [View same] [iqdb] [saucenao] [google] >>55793076

>>	Anonymous Wed Aug 9 20:08:12 2023 No.55793145 File: 54 KB, 220x221, 1681530665890284.png [View same] [iqdb] [saucenao] [google] >>55793035 Already closed.

>>	Anonymous Thu Aug 10 00:22:27 2023 No.55795035 This thread is getting slid hard.

>>	Anonymous Thu Aug 10 01:05:01 2023 No.55795339 File: 50 KB, 488x488, 1688962120119940.png [View same] [iqdb] [saucenao] [google] >>55793131 it's over

>>	Anonymous Thu Aug 10 01:22:38 2023 No.55795435 >>55793131 it's over

>>	Anonymous Thu Aug 10 01:23:55 2023 No.55795444 >>55793145 in august...? lol

>>	Anonymous Thu Aug 10 01:29:46 2023 No.55795475 File: 20 KB, 350x420, r7Ku9WQe.jpg [View same] [iqdb] [saucenao] [google] >>55795444 >t. brainlet wasting digits

>>	Anonymous Thu Aug 10 02:26:34 2023 No.55795794 >>55792991 The obvious mistake you are making is using traditional charts to predict magic zoomer economic liquidity measuring internet tokens.

>>	Anonymous Thu Aug 10 02:39:05 2023 No.55795860 File: 5 KB, 250x250, 1691574086875920.jpg [View same] [iqdb] [saucenao] [google] >>55793131 It's actually over

>>	Anonymous Thu Aug 10 04:00:41 2023 No.55796337 >>55792991 Anon don't tell them

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