/biz/ - Business & Finance

[Anonymous No.11432531]

what happens next?

[Anonymous No.11432546]

Gentle melt upwards, sudden bart up, a downward correction to the price prior to the gentle melt upwards, sideline for 60 to 120 more days, then a bart up.

[Anonymous No.11432573]

>>11432531
straight line up to 200k
t.gorillionaire insider

[Anonymous No.11432608]

what are some good lottery tickets to be on a sudden pump like pic related? low sat shitcoins on binance with thin order books?

[Anonymous No.11432623]

>>11432531
I thought it already crossed the top descending line.
Why do you TA fags always draw new meme lines?

[Anonymous No.11432628]

>>11432546
sounds about right

[Anonymous No.11432632]

>>11432573
unironically this

[Anonymous No.11432633]

>>11432531
will probably go up or down if my calculations are correct.

[Anonymous No.11432634]

We return to the mean
>$11,200

[Anonymous No.11432635]

>>11432546
that's what my crystal ball shows as well

[Anonymous No.11432649]

>>11432623
Its crossed it everytime but it still goes down lol

[Anonymous No.11432659]

>>11432608
>thin order books
stop.

[Anonymous No.11432674]

>>11432608
Not 200x, but you should Check DLT/BTC on Binance, regular pumps. Just buy at a relative low point based on history and then wait. Been doing this for a few months. There are some risks though. Don't use your entire portfolio because if the price decreases and doesn't spike for a while then you will be stuck. Also the project itself isn't that well developed. Binance have started to delist projects that don't receive updates and as DLT's main exchange is Binance, if it were to be delisted you could probably expect a steep decline in price. However the team do regularly post to social media etc.

[Anonymous No.11432685]

>>11432623
Only on USDT pairings where it recently crossed this memeline that's been in effect since early March or whenever that first top was around 11.5k.

[Anonymous No.11432719]

>>11432674
thx anon will take a look

>>11432659
hmm yes crypto as a whole already has ridiculously thin order books compared to boomer markets

[Anonymous No.11432732]

>>11432531
$1k, you fucking morons

[Anonymous No.11432739]

Better start prepping your bull
t.jan buyer

[Anonymous No.11432760]

I like how the meme lines just keep getting pushed further and further out

[Anonymous No.11432814]

>>11432531
alright, 1/2
first lets take a look at market caps and dominance figures for the crypto market
we're floating between 200 and 225 billion mc, compared to 750 b at peak.
btc dominance has also been growing which makes sense during a downtrend as btc has more momentum and is generally more stable, combined with the fact that most markets still trade FIAT-->BTC-->alts
we're in a pretty high range of btc dominance with the large alts (except xrp due to recent pump) being a fiar bit down in dominance.

the market seems to be waiting for btc to return to higher range before moving to alts, to signal confidence in the crypto space and
>muh meme golden bullsack
however, if you look at patterns of risk taking, people more to higher risk situations in search of profits/volatility.
just look at the last bull run where bitcoin led the way and everyone moving to alts after btc had peaked and was no longer yielding the 10x or even 2x possibility that people were looking for.

combine these all together:
btc stabilizing in 6-7k ranges with low volatility
btc slowly picking up market dominance and reaching relative highs
altcoins still relative lows, even lower than pre-bull fiat valuations (prime example: eth)

so from this, here's what I suspect with my bullish outlook:
btc break resistance but not majorly and with no major volume (i.e. not true breakout)
people start wondering wtf is going on if trend-line broke but no magic 10x because they don't know how to read markets, slight swing to short side,
major players "bart" upwards to at least 7500, liquidate shorts and alter market sentiment. newbies hop in and long, while price stabilizes in 8-7k range with enough sharp moves to rob the few remaining leveraged gamblers

[Anonymous No.11432820]

>>11432608
Unironically Jesus Coin

[Anonymous No.11432989]

>>11432760
I had the resistance set for over a month

[Anonymous No.11433016]

>>11432531
>>11432814

in the mean time, stability and first signs of end of bear market return confidence and money flows quickly into alts starting with top 10s then top 100s as bigger investors move to take advantage of low prices as close to the upswings as possible so they don't have their capital tied up just waiting for a move and not being used productively.

the more serious investors and people that have been around for a while jump in and the whole smart money, early adopters, normie hype phase restarts as the prices have not yet reached levels where the news would reach into the mainstream.

major alts regain marketshare, marketcap ticks up another 100 b or so and in a few months to a year after we see another parabolic move with new ATHs


summing it up, due to duration and intensity of bear market, we're going to see an reverse of the pattern of money flow as we did in the bullrun, (no duh, bear and bull are invesrses)
so instead of btc pumping to massive highs and then alt spikes on top of an already strong market (1k-->5k in under a year with corrections of only up to ~33%)
we are going to see btc stabilize and show signs of long term reversal (i.e. boomer stock percentage gains, which will actually greatly help increase confidence in risk averse demographics)
while big alts regain a good bit of there valuations without completely going parabolic

as for the golden bull situation, we will not go parabolic again until we reach the normie/media hype phase as we regain the 10k mark and then move back to previous highs after the big alts stabilize, when attention then turns back to btc (btc gaining in an uptrend, outperforming alts) where we'll again experience strong upward movement with only a few "minor" 30% downtrends as corrections at regular intervals and then finally re-enter the eye of the mainstream

how can you profit off this?
for lower risk, buy btc
for best chance of high return/risk ratio: classic alts
for the gambler, pray a shitcoin pops

[Anonymous No.11433552]

>>11433016
>while big alts regain a good bit of there valuations

lol

na

[Anonymous No.11433636]

>>11432814
>>11433016
What are your toughts on bakkt and fidelity? Whats's your BTC ATH guess? Mine is 100k-300k USD.

[Anonymous No.11433662]

Tom Elvis Jedusor writes a paper.
We moon.

[Anonymous No.11433862]

>>11433636
don't know don't care
guessing the top is stupid and sets up arbitrary blocks in your mind that prevent you from making the best moves possible. just watch for signs of hype and people losing rationality, and sell when you start to think you're some genius, and can't lose when you look at your gains

don't care for any of those projects specifically,

looking at it as a whole, it looks like exchanges and onramps for crypto are really flooding the market after seeing big names absolutely rake it in last bull and seeing how much of a bottleneck there was to get into crypto.

combined with increased regulatory pressure, there's the push for better platforms, just look at all the dex's and small exchange startups, tokia, coinmetro, as well as bakkt, fidelity, xlm etc.

I think that overall most of these players got their timing absolutely messed up and are coming online in a time where no one is looking for new platforms because while what is currently out there is horrendous compared to tradition stock platforms, it works for now, unlike when kraken was unusable and crashing, gdax/coinbase had 30% and up premiums because of illiquidity and lack of arbitrage, and binance has one hell of a bad UI

the new players without strong brand names (strong as in banks) are going to mostly fail and underperform, with the best being bought and absorbed by big players that don't want to start from scratch and will instead acquire the small guys as a precursor to adding it to their traditional stock stuff

I'm not going to take any big bets on crypto-only stuff like this separated from traditional markets, but i am hanging onto some bnb I've bought over time

however I really wish one really pro team would step up to the plate and offer up absolutely full service trading, data, and metrics

that means good easy to use interface and charting, with inline advanced orders, large (non-sketchy) volume, extended price history, as well as roi tracking and built in tax compliance

[Anonymous No.11434474]

>>11433862
>however I really wish one really pro team would step up to the plate and offer up absolutely full service trading, data, and metrics. that means good easy to use interface and charting, with inline advanced orders, large (non-sketchy) volume, extended price history, as well as roi tracking and built in tax compliance

Isn’t that going to be Fidelity?

[Anonymous No.11434669]

>>11434474
nope
Fidelity Digital Asset Services
>a new and SEPARATE company
as in still cordoned off and separated from rest of fidelity
>will handle custody
>will execute trades on multiple exchanges
>on behalf of hedge funds and family offices

that's not even close to what I'm talking about
this will provide a service similar to pre-computer stock trading.
very wealthy customers with a lot of assets under their control (hedge fund/family offices) will be able to contact a small separate branch of fidelity, request a trade, negotiate on price, fidelity will then go to a market not of their own making and execute the trade and hold custody of the asset for the buyer.

that's not addoption, and yes I am well aware that what really helped to fuel the 2008 bubble and many other bubbles were the banks/brokers advertising and submiting orders on behalf of "investors" but the housing bubble really got into full swing with rating agencies colluding with the market makers, and pulling the wool over the eyes of retirement/pension funds and other pooled/diversified investment co-ops
this isn't even at that stage yet, this is only for hedge funds which are already falling out of favor due to high fees and increased competition, and family offices who like to have a toe in everything and are probably taking a position with 0.000000001% of their assets as fiat/suicide insurance

what I'm talking about is having a service equivalent to a modern retail stock platform from a large institution (preferably without being a bucket shop with extreme leverage available). where any joe-shmoe can fund an acct, pull up all manner of charts and indicators and drawing tools, and p/e ratios and win/loss trackers and have all the info delivered to them on a silver platter with all metrics and compliance being built in so you can pull up an easy read display with infor like # of trades profit loss, net gains, realized/unrealized, ath, historic performance and portfolio distribution, +taxs

[Anonymous No.11434802]

>>11434474
>>11434669
frankly it's fucking archaic and if you ask me, this is the opposite of a good sign.

remember that the ultimate goal of crypto is to decouple the monetary system from any system of centralized/country based governance, and ideally eliminate the fractional reserve lending system by removing the need for people to use banks

however, banks and traditional finance are so entrenched that this points to a reality where people will go through banks to buy and sell, allowing banks to dupe investors using derivative markets/leverage (i.e. fractional reserve lending)
and even if they don't use leverage like the idiotic swine that they are, 95% of assets will simply sit on exchanges instead of being stored in individual wallets due to inconvenience and risk of theft/damage/loss of keys

this means banks and large financial institutions will wind up controlling most of the assets, and average Joes with blindly "trust the system" that the pretty looking lines and buttons they press are actually doing anything other than shuffling numbers on an artificial balance sheet removed from any reality which, what do you know, is a fractional reserve market that allows institutions the power to artificially inflate the supply of anything as long as most people remain ignorant and don't do any thinking.

now of course btc having a max supply makes it easier to call bs, if a report proves that there is more btc on all accts combined than possible, but that's going to be damn hard with the level of control that institutions have over data

btc and it's mission is idealistic and doomed to fail in the true evangelical mission of satoshi, but he at least discovered a way in which modern tech made a truly decentralized, p2p monetary system a theoretical possibility on a purely technological level

[Anonymous No.11434909]

>>11434802
THIS is a big brain, high quality post

[Anonymous No.11435090]

>>11434802
Quality posting.

[Anonymous No.11435122]

>>11434802
where can I follow you

[Anonymous No.11435149]

>>11435122
>>11435090
>>11434909
fuck off
sage

[Anonymous No.11435173]

>>11432546
wtf i thought i was the only one who knew this

[Anonymous No.11435184]

>>11432531
Gentle reminder that shorts are at ATH

[Anonymous No.11435204]

>>11435149
You dont think we'll go below 6k again?

[Anonymous No.11435262]

>>11435149
lmao
/ourguy

[Anonymous No.11435373]

>>11435149
You faggot, learn how to take a compliment! Kek

[Anonymous No.11435428]

>>11435184
short:long ratio is at literally unprecedented levels

only 0.4 long positions per short position. Bears are about to get absolutely rekt

[Anonymous No.11435467]

>>11435373
what is this from?
reminds me of Rorschach eating beans.

[Anonymous No.11435482]

>>11435467
I got it off the internet.