/biz/ - Business & Finance

>>9667898
>obvious bear pennant
anon I...

>>9667898
I agree, with the bounce as we seen off $7000 this is most likely possible. Not saying it can't go lower, but I'd expect at least a retest of upper lows.

Triple bottom doesn't mean shit. Actually when you really think about it why would anyone buy bitcoin anymore it's fucking over.

>>9667898
It can't be that easy, can it?

>>9667898
A better memeline prediction would be if we had a triple-bottom with lower lows.

This generally means shit, tbqh.

It actually looks like a bearish pennant, and I'd love a bull run right now.

>>9667906
>but muh 4k
that's not gonna happend soon bearcuck, if ever..

>>9667973
>>9667898
>>9667906
Here

>>9667906
>but muh 4k
that's not gonna happen soon bearcuck, if ever..

>>9667938
I buy it to trade for promising crypto projecs and to margin trade on bitmex.

>>9667898
AHAHHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHAHAHHSAGEDAHSHHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAAHHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHHAHAHAHHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHAHAHHAAHAHHAHAHAHAHHAHAHAHAHAHHAHAHAHAAA

>>9667898
Naive.

>>9667973
people are idiots the technology is still revolutionar for every player
even for government who likely want cashless population last year we was seing some improvement in bitcoin and it will continue but i would not except from biz actually care about the technology every brainet now think that he can predict the price with fucking technical analys its honestly embrasing how stupid people are

large if big

>>9668108
Gross wenn wahr

>>9668087
zoom out

>>9668125
i dont really need to zoom out Ta is completely bullshit for stupid people i buyed bitcoin because technology not because someone on 4chan showed me some meme lines on chart

>>9668125
>muh fractal

>>9668125
looking at that chart the great bull trap would be us going to 13k right now before heading down.

>>9668157
>buyed

>>9668187

>>9667938
agreed. Surely money is still flowing out of crypto at this time.

>>9668125
How can you compare the Great Mt. Gox hack to the current timeline?

>>9668333
International agencies taking down bitfinex and/or tether could wipe out a lot of liquidity.

>>9668333
He didn't make the chart, he's just a copy paste homo.

you bear faggots thing now taht you finally found a way to make cash on the way down after 5 months that the markets gonna keep letting you do it? once normies and retail investors like yourselves catch on its too late. learn this.
>>9667938

Nope. This isn't a triple bottom per say but it is higher lows, which is even better than a triple bottom. but go ahread and short it no coiner.

>>9667973

are you retarded? a triplle bottom with "lower lows" would be the most bearish thing ever. i'd market sell my entire tack if i saw that. in fact, this down leg was key. if we closed below 6.4k, mkaing a lower low i would have turned very bearish and sold. bulls know this, bears couldn't overcome the support as bulls knew it was do or die.

honestly i keep reading such retarded shit.

>>9668166

lol. trap? this entire correction since january has been a bear trap on a longer time frame.

If it breaks 10k, which is one of the hardest resistances we've see nsince las august, its not going to fucking go down again you brainlet. If it closes at 13k especially, its going to mean 10k will become the biggest spoort for a long time (previous resistance become similar strength supports. why do you think 6k is such a fucking strong support level?). if we break over 10k all the way to 13k we might as well be come to 20k agian becase there is no major resistence between 13k and 20k.

>>9668333

because biz is filled with December buyers who have turned into bear faggots as they have no greater context. their entire experience is less than 6 months so they cant look at bigger pictures, and they also never experienced a real bear market so to them any down turn feels like one.

>>9668333
trips of truth

>>9668392
you sound like those 30 yearold boomers that try to discredit bitcoin by saying that it's worthless because we couldn't use it in a global power outage scenario

The lower green line where we triplle bottomed clearly shows us the new "hodling trend line".
it's a meme becoming reality guys!
BTC will never be bellow 7k again

>>9668417
>lol. trap? this entire correction since january has been a bear trap on a longer time frame.
That's exactly what I think when I look at charts like that

>>9668333
Mt Gox is just a meme at this point. What you don't realize is that history/things/patterns can repeat without the causal factors being the same or even similar. Another Goxening isn't needed.

>>9668489

weekly, and the monthly too. i have been in the market since 2013, i dont even bother with hourly candles anymore, don't care.

this looks liek the 2012-2014 bubble all over again. we are now in the bear trap of summer 2013.

>>9668417
>because biz is filled with December buyers who have turned into bear faggots as they have no greater context. their entire experience is less than 6 months so they cant look at bigger pictures, and they also never experienced a real bear market so to them any down turn feels like one.

This seems like the most plausible reason.
There has been so man faggots recently crying about how the price is dropping.

I hope one day you are forced to kill yourself because you missed out on the greatest opportunity for wealth in your lifetime.

Soon your blood line will be corrupted by Niggers and that will be the end.

>>9668527
Are we just going to ignore the fact that Mt. Gox accounted for over 70% of all bitcoin transactions and its hacking did not attribute to the drop in price?

>>9668543
we will see im 30% btc 60% usd right now waiting for the shoe to drop

>>9668604

ignore him. his logic works o nthe principle of magical thinking. "it could happen, but in a way we cant imagine, so BTC annot rise".

fails to realise that "it could happen" was just as relevant all of the entire 2015- Now bull run. He's the kind of person that watch BTC go up the enture time since 400$ thinking, it'll be today, until December when he finally fomoed in.

>>9668081
the last time i was naive was in 2009.

NEVER AGAIN.


ALL IN OR DEATH!!!

>>9668604
yes

>>9668564
It's the most likely reason. Crypto is full of people who only see what they want to see, even outside this cesspool of NEETs. Bitmex trollchat is a great example of that, it's degenerate gamblers who will spout any old nonsense to try and create reality - the price goes up $20, and it's "GOLDEN BULL RUN FUCK YOU BEARS". It's hysterically funny. They're a bunch of desperate gamblers who will blame anything, like to talk like they're big swinging dicks on Wall Street, and have no clue what moves the graph, and assign labels like "bear' and "bull" to explain the movement. It's all larping. Doesn't matter where you go - here, Reddit, discord, Bitmex chat - any forum where crypto currency is discussed it's the same delusion, larping, memes, rumors, and urban legends. It's mass delusion in a small community of people, as the vast majority walked away in January. Now most of it seems to be driven by a need to prove everyone wrong by a group of beyond stubborn "believers" - but in the end, they come off like Ralphie's dream of "Soap poisoning" with his parents when they punished him. It's just butthurt, over the fact that they missed the train on the once-in-a-lifetime run up in December, 2017. Or it's scammy pajeets.

that's not a triple bottom, what's wrong with you?

>>9667966

Sometimes it is, if you're doing proper bet sizing.

>>9668604
so you're saying mt. gox has no impact on the price, ok, got it.

>>9668417
>biz is filled with December buyers who have turned into permabull faggots as they have no greater context. their entire experience is less than 6 months so they cant look at bigger pictures, and they also never experienced a real bull market so to them any upwards movement feels like one.

Corrected your text so it's more in tune with reality.

>>9668913

again, those fags are the same december buyers. the'ir context is small. they get excited by any upleg.
i dont think there are many ppl who post here that have been i nthe crypto space for more than 3 years anymore. hell i only drop back in when i see major action on the daily like today, so seldom.

In the larger context, i'm bull becase i've seen worse shit, and currently loads of my longer term indicators are not painting a bearish picture at all. but biz never has long term contex tlike i said becase they are all new. They get excited over 400 dollar jumps or are perma bears becase they missed out on the run up. bot hare as deluded as each other.

But it just so happens perma bulls wil probably have GUESSED right by dumb luck, becae on of their candles will be the continuation of parabolic growth which hasn't actually borken yet, we havent even left the bull market yet till we see lower lows, at which point i'm even market selling.

the bounce to 12k wasn't optimistic for me, neither the bounce to 9k, but this one feels solid becase many indicators are commign together.

>biz is filled with December buyers who have turned into permabull faggots as they have no greater context. their entire experience is less than 6 months so they cant look at bigger pictures, and they're grumpy due to buying at over 10k in December so to them any upwards movement since January feels like a bullrun.

Corrected your text so it's more in tune with reality.

>>9668125
This is where we are at the moment.

>>9668680
You're a very angry person.

>>9669479
partnerships were propelling the rocket last year, nobody gives a shit about those anymore, what will fuel the next run up through the previous hyper fomo highs?

>>9669660
central bank crises

>>9669718
sure it's possible if stars align, like the shitcoin going green in a sea of red

>>9667938
bears on suicide watch

>>9667988
This. Bagholders absolutely BTFO.

>>9668426
>30 yearold boomers
pls don't make me feel old

Is it a triple bottom, or is it a descending triangle? Kind of could be either one.

>>9669912
could it be a prolapsed rectum?

>>9667898 (OP)
AHAHHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHAHAHHSAGEAHSHHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAAHHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHHAHAHAHHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHAHAHHAAHAHHAHAHAHAHHAHAHAHAHAHHAHAHAHAAA

>>9667938
>why would anyone buy pets.com stock the internet is over

>>9667988
Someone fucking gets it. Thanks anon

>>9667938
global economic crisis 2018

>>9668417

the volume keeps dribbling lower and lower, the money has flowed out of crypto and its not coming back. keep pissing your money on the bonfire of your hubris, you degenerate gambling fuck

>>9668417
Someone with a triple digits iq unlike most of this board

>>9668187
>not understanding Indian English

Did you daft bears really think (((they))) would give you the opportunity to buy Bitcoin at $4-5K? KEK.
Seriously, did you unironically believe (((they))) would give you the chance to snap up cheap Bitcoin? Holy fuck.
Count yourself lucky you were even allowed to buy between $6-7K. It's more than you deserve anon.
NEETs and autists were never going to be permitted to load up on BTC at $4K. What the hell were you thinking?
(((They))) pushed it down as far as they could to shake out weak hands without allowing plebs to buy at super cheap prices.
The bears and degenerate margin shorters were played, like a cat plays with a ball of wool.
$4K Bitcoin, mega fucking KEK. As if you would EVER be allowed to buy at those sort of prices again. Those days have gone.

>>9670292
this. nobody really understands just how fucking close we are to this. It is scary AF.
Many of my more successful business friends and family are making major adjustments to their traditional investments in preparation. I even reinvested a lot of my shitty little 401k.

>>9668564
>I hope one day you are forced to kill yourself because you missed out on the greatest opportunity for wealth in your lifetime.
this is how i feel. In 2 years buying crypto will be as boring as stocks. You need to be all in by then and wait for the largest wealth transfer in history.

>>9670777
>I even reinvested a lot of my shitty little 401k.

Into what?

And do explain in normalfag terms

>>9668417
this, the short squeeze when shorts were at an ath was the signal that the bottom is in to me

>>9671236
he bought salt and ammo and ran away in the woods to listen to his infowar podcasts from the bunker