/biz/ - Business & Finance

TA is fucking retarded
>OH GUYS IT'S GONNA GO DOWN
>I'M SUCH A FUCKING GENIUS
>SO WHAT IF IT'S A BEAR MARKET AND IT'S OBVIOUSLY GOING TO GO DOWN!?

>>7310719

>>7310738
you ok there buddy?

Wow somebody who actually uses fib levels the right way.

>>7310738
It's great, because if super strong support of spinachs holds at X they call the bottom, if it doesn't they told you so, just like everyone else was also saying and they find a new super strong definitive support to look for lower.

I've got some TA for you right here

>>7310856
this

7800 support is gonna hold and we will rally after that, screencap this.

>>7310738
>having retard fit over TA post.
>obviously getting btfo

>>7310894
Only if the real world was as fancy and gay as your imagination, anon

>>7310894
It's already breaking.

It's over.

>>7310856
>the bottom is at 8.4k
>oh wait my prediction was shit and it's going lower
>i wasn't wrong we're just entering a new trend hehe

Its no longer following the supports. It broke bottom many times already without falling to the next support. The market is about to reverse.

>>7310910
4k the new low

>>7310894
>I make up support numbers as the day goes on

WHAT HAPPENED TO THE TRIPPLE BOTTOM™!? OOPS, LOOKS LIKE YOU NEWFAGGOTS WERE ZOOMED TOO FAR IN--AGAIN.

Bought at 16k. Just bought more. Long-term investment. Thanks for selling. I hope it goes down more

>>7310910
>It's already breaking.
Its holding strong, chill. You can buy now and make free 10% or so on a bounce.

>>7310966
the absolute state

>>7310966

>>7310966
Didn't learn your lesson the first time?

>>7310966
Ok?
Ok

>>7310974
Poor, poor anon. What a hard day awaits you today.

It won't go under $7364


Screencap this! It's important that you do

>>7311103
It will go below $4,000. Screencap this.

>>7311081
>>7310910
>>7310909
Told ya, suckers. It was your chance to buy the fucking bottom.

>>7311185
>he thinks upswings mean much
Well, well, well

>>7311185
don't worry, it's still going down

>>7311185
>what's a bull trap

>>7311185
>7310910
nice 5 min chart fag. are you actually this stupid?

>>7311185
look at the volume you stupid do-nothing bongripper NEET fuck
then kys

>>7310719
https://www.youtube.com/watch?v=rOXaPE6gklI

>>7310719
delet please

run

>>7310765

Could you elaborate?

>>7310719

TA becomes a self fulfilling prophecy. TA only works because everyone thinks it will work, and sell according to patterns.

>>7311818
doesn't matter why it works. what matters is that it does. that being said, by no means does everyone think it works. Most people don't trade based on TA alone. It's still an outside strat even in traditional markets where it's more well established. You'd be hard pressed to find a large population that trades strictly off of TA sigs and doesn't do any fundamental valuation whatsoever.

>>7311218
>>7311256
>>7311499
>>7311661
>>7311690
k stay poor then

>>7312002
>says stay poor
>as btc is crossing back under 7700 on a real chart (4hr)

I'm going to keep fucking you into the earth with my shorts, homo.

>>7310719
>Should have listened to TA fags
But each analyst says something different.

>>7311818
no it doesnt work like that. retail traders (you and me) dont get to decide shit. institutional traders (banks and firms) are the ones with 90% of the volume, retailers are just 90% of the people. also 90% of the people lose 90% of their money in their first 90 days. brokers entice you to trade as much as possible, guided by "educators" who teach you some stupid analysis and guide you to the platform of the broker they're working for. its called IB contracts (conflict of interest). meanwhile 90% of the regular people are losing trades, guess what the number for banks is? thats right they win 90% of the time. hmm why is that, well if you take a trade on a broker platform the platform automatically takes a second trade against you. you will always lose unless you are trading the way big banks and institutions trade. WHICH MEANS PUTTING IN THE GODDAMN WORK

A 500 btc buy wall on Bitfinex got eaten away in a matter of minutes.

new low for the day
>7716

>7800 support is gonna hold and we will rally after that, screencap this
Muh 7800 support. lol.

>>7310719
>6500
It's not gonna stop until 5000 at least now. This is gonna be our pink monday.

>>7310719
> Should have listened to TA fags, anon
we told you its going to 6k when it was fucking 16, yes nigger you should've listened

>>7310738
>TA is fucking retarded
You do realise why /biz/ is broke right?

..Right?

>>7311103
this is weak hands bubble line
once they are shaken real fun starts

>>7310894
>7800 support is gonna hold and we will rally after that, screencap this.