/biz/ - Business & Finance

>>8423711

Yes.

>>8423711
don't want to say bull trap but bull trap. $6000 is bottom

>>8423711
THANK YOU BASED SMINEM

>>8423764
How do we differentiate from bull trap,dead cat bounce and recovery ?

btc will never ever be below 7,6k ever again ever >>8423711

>>8423785
you wait until its over and then you make the call

>>8423785
say whatever everyone else is saying lol. if everyone says bull trap then it's bull trap. if you're wrong don't worry bcz no one will hold you accountable

>>8423764
sure buddy nocoiner

>>8423785
You wait for it to happen, then shit post something like
>he didn't TA this
>unironically selling at X
or something similar

>>8423711
MOON MISSION INCOMING WE'VE HIT THE BOTTOM

>>8423899
sure newfag

>>8423764
I doubt we're going to see 6k for quite a while.
Multiple signs of strength:
>weak 3rd wave down
>only stayed below 7.3k for under a minute
>decreasing volume during downtrend and during each major fall = less sellers

I am waiting for a green candle with higher volume before entering a long position.

>>8423785
look for indicators like volume
low volume during rise (2nd 11.7k top) = bulltrap
high volume during rise (6k rebound) = recovery

Poooooomp et

>>8423711
hooooooooooooly candles

>>8424054
Yea I doubt we are going below 7k because everyone is super bullish. There is plenty of buyers waiting to buy in and its obviously not whale manipulation at playing longs/shorts.

>>8423711

Yes, yes, buy my preciouses. Must sell my bags to you, hehe. Fomo BAGGINSES.

About to short this shit as soon as it goes past 8.5k

>bounces off 7800
rip bull run

>>8424335
Are you retarded it went up 4% in 35 min

>>8424373
Its amazing how natural it looks and how many normies are now fomoing back.

>dump it

lmao

>>8423711

> ".................."

>>8424476
LOL no they aren’t

aaaaand it's already dropping

paint a bull flag

>>8424588
you sure?

>>8423785
a bulltrap is just what it sounds like, a strong push upwards that makes people think the bear trend has ended. bulltraps generally have a bigger impulse move from bear to bull, aka: they dont consolidate much

bottom/dead cat bounce's usually happen when there's consolidation at the bottom and selling volume recedes

recovery is confirmation of the trend, you generally this out later, after it's confirmed NOT a bulltrap

>>8423711

LETS GOOOOOOOOOOOO

be honest with my goys, will bitcoin ever recover? feels like its dead, not even that lightning network with unlimited transactions could pump it.

my alts are dumped too. I cant believe i fell for the 100k meme, i deserve this

Ooh hahaha mmmh splendid! Simply delicious, ooomm hahaa hahaha!

buhh.. buhhhtt.. 4chan told me we were 100% going to 1k... i 100x shorted my life saving at 7300 this morning.

>>8424669
Don't look at crypto for few years

Why do you guys bother anymore?
You're risking you life's savings while whales are basically playing with MS Paint, pushing the price wherever they want.

https://www.coindesk.com/g20-delegates-will-seek-common-response-crypto-talks/

TUESDAY NUMNUTZ

>>8424558
/S for reddit refugees

just opened a short x25 at 8k, this is going back to 7400

HOSSAAANNNNAAAA

>>8424764

GET LIQ'D

>>8424781
Get fucked holder

All you need is a whale waking up, seeing this huge pump and then dump his shit and things will go back like it was just 6 hours ago.

>>8424835

WHAT TIME DO WHALES WAKE UP

>>8424025
Sorry coper. we are never going 6k ever again.

>>8424669
Yes. If you've ever played RuneScape, Bitcoin is like partyhats. Discontinued items, started in 2001 at like 50k RSGP. Went up gradually to about 1B in 2010. They crashed from 1B to 300M RSGP some time after that and everyone thought they were done. Then as more and more people became rich and inflation plagued the game, it became one of the only stores of value due to their deflationary nature. (Accounts being banned with partyhats = partyhats removed from game)

The most expensive one is like 30B RSGP now.

>>8423874
>bcz no one will hold you accountable
idk why this part made me laugh so much.

>>8423785
You make 10 different predictions, screenshot them and then after about a week you post whatever was correct and act all smug. Repeating "I told you all along" and "called it" about 50 times.

>>8423711
I love how every time there's a slight upward correction people act like this is over

It's going back down nigga sorry to break it to you

WE'RE ALL GONNA MAKE IT!!

THREAD THEME: https://youtu.be/HwKrgJ_CG0M

>>8424025
Calling someone a newfag when you panic over a dip.

T.faggot

>>8423860
This unfortunately. Hindsight is 20/20, and some have argued 20/15. If I only had a time machine

https://www.coindesk.com/g20-delegates-will-seek-common-response-crypto-talks/


tuesday

>>8424804

love the frustration, will cherish these tears

>>8424934
Give me une thousand dollars

>>8424901

so why aren't runescap hates used as a real currency then?

A whale is pumping, if you get in on this you only have yourself to blame with it goes full Top Hat formation.

HOSSANNA

FOREVER

AND EVER
AND EVER
AND EVER
AND EVER
AND EVER

HOOSSSSAAAAANAAAAAA

>>8423711
CHOO CHOO MOTHER FUCKERS

>>8425182
i bought the dip and won.

>>8425276
thats whats im talking about anon!
soak it up!

>>8425102
You are retarded if you invest in currency. Currency is meant to be stable

>tfw your coin is the only one that's not recovering
Thanks coss

>>8425161
HOSANNA THE HIGHEST

>>8425348
You are retarded if you "invest" in stable things. Like gold. You'll gain nothing and lose to inflation.

>we will never see sub 8k again

It's a good time to be alive, quiting work end of week

>>8425405
people invest in gold because the idea is it holds value if an apocalypse comes and currency becomes worthless

>>8423874
Im going with bull trap

so is +-7500 the entire non whale market?

>>8425506
Ammo, pussy, food/water, clothing, toothpaste/soap, medicine and fuel are what have worth in an apocalypse. Gold does not.

>>8425572
>toothpaste

Wew, come back when you know anything about economics faggot.

Also gold has historically beaten inflation so you're not losing anything to inflation

>>8425405
What are you talking about, the point of holding value in gold is to protect yourself against the inflation of USD.
Crypto is just a more advanced version of gold.

>>8425572
>>8425658
every country that has had government collapses didnt start using gold. they used ammo, food and alcohol as currency.

>>8425658
have fun with your useless gold bars. what are you going to do? throw them at me?

>>8424764
welp

>>8425835
Yeah but when civilization returned, or the leaders fled to civilization, gold was valuable

The only place that gold is worthless if some caveman world, and in that world you might as well kill yourself

Goes down for 3 months, 1 green candle
> very bullish
You guys go and buy, I'll wait a little and pass on potential gains over potential loss until the odds are more favorable

>>8425897
>Yeah but when civilization returned, or the leaders fled to civilization, gold was valuable
>gold is needed for economic collapse
>it doesnt actually have value until the collapse is over.
See how that catch 22 works?

>>8424299
THis. Whales do this shot every now and then to liquidate shorts. But not even they can keep it going indefinitely. BTC transactions are the lowest they've been for months, money is shooting out of alts.

Prepare for 6.5k.