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/biz/ - Business & Finance

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File: 647 KB, 3395x1467, oh my god I'm gonna BOOM.png [View same] [iqdb] [saucenao] [google]
16260199 No.16260199 [Reply] [Original]

Multi-millionaire here. Don't know why I spoonfeed you retards, but I guess someone's gotta do it.

>> No.16260212
File: 233 KB, 480x480, 1555511494751.png [View same] [iqdb] [saucenao] [google]
16260212

How can we trust you

>> No.16260218

>>16260199
multi-multi-millionaire here. OP is wrong

>> No.16260221

so do you think i should just sell 100 linkies and buy a ps4?

>> No.16260225

>>16260199
that did not age well

>> No.16260231

OP is right

>> No.16260233

>>16260199
You're not wrong. Hard 618 support. It'll bounce.

>> No.16260245
File: 155 KB, 1083x1059, duh.png [View same] [iqdb] [saucenao] [google]
16260245

>>16260212
This is really just the most basic retard-tier TA at this point. But let me give you two other views to really drive the point home.

>> No.16260246

>>16260199
Imagine still being bull after being caught in a confirmed bulltrap....
Stay poor!

>> No.16260254

>>16260199
based. use https://cryptocharts.github.io/btc.html to view multi interval trends. moon this weekend.

>> No.16260255
File: 28 KB, 800x450, e02e5ffb5f980cd8262cf7f0ae00a4a9_press-x-to-doubt-memes-memesuper-la-noire-doubt-meme_419-238[1].jpg [View same] [iqdb] [saucenao] [google]
16260255

>descending triangle
>bullish
I doubt OP is a multi-millionaire.

>> No.16260262

>>16260221
Can't say what other shitcoins are gonna do, but I'd keep all my funds in BTC and then move them to alts like ETH, BCH, and LTC right after the big uptrend.

Typically money moves from the biggest caps to midcaps to shitcoins.

>> No.16260275

>>16260255
>falling wedge is a descending triangle
You see /biz/. This is what I was talking about in my OP when I mentioned retards.

>> No.16260289

diagonal trend lines are subjective, horizontal resist and supports are universally objective.

>> No.16260318

>>16260289
And as you see we have a multi-week falling wedge mixed with declining volume, a strong horizontal support, and a massively strong rising support going back months.

It's all coming together soon within the next day or the next few hours/minutes/seconds/now.

>> No.16260323
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16260323

>>16260275
You're fucking terrible at tracing lines, this is eventually a falling wedge.

Hope you didn't open an high leveraged long on your lines.

>> No.16260339

>>16260323
Yes, the break to 7700 support is the next move down. Will trade in the 7700-8200 range for a few days before dumping into low 7k range.

>> No.16260341

fuck crash coins, get an appreciating monetary unit instead of throwing crypto away on junk

>> No.16260347

The Moon is a soul trap.

>> No.16260356
File: 709 KB, 1400x1400, 1573782589751.jpg [View same] [iqdb] [saucenao] [google]
16260356

>>16260199
wau coin is way better

>> No.16260392

this is the problem with TA (the drawing gay lines type of TA). It's so subjective. There are so many ways to determine where the lines go. There are so many ways to interpret what the lines mean. You constantly have to redraw the lines when they get broken but not broken enough to violate the trend from your previous lines.

That's why I like indicators and algorithms. They spit out an unambiguous yes or no answer or provide a probability. You can quantify how efficient they are by backtesting. They also give you a clear warning when trades aren't going your way.

>> No.16260424

hi im here for the retard thread
>opens crayons
>starts drawing lines
i did it guys

>> No.16260425

>>16260323
That falling wedge violates both long-term supports here >>16260245.

>> No.16260439

>>16260199
ITS DUMPING AHAHAHAHAHAHAHHAHAHAHAHAHAHH

>> No.16260446

>>16260318
they say the older it is, the weaker it is as well. There are limits to these supports but what those limits are I do not know. If the support holds then i'll believe it, but there's a chance it'll go under that isn't just a false breakout.

>> No.16260449
File: 6 KB, 188x129, multimillionarie.jpg [View same] [iqdb] [saucenao] [google]
16260449

And like a clockwork here's the dump.
Blue line is OP's call, this is how multi-millionaires trade.

>>16260425
Implying BTC gives a fuck about the violation of your long term supports.

>> No.16260453

>>16260425
>>16260323
Actually where is the bottom of your lines? I want to see if we have any room for play.

Either way, all technical indicators suggest BTC is very bullish in the short term. We aren't going back to the 7k zone ever again. I expect to see 10k long before that.

>> No.16260461

>>16260449
HAHAHAHAHAHAHAHAHAHAAHAH OP IS GOING TO BE POOR SOON AHAHAHAHHAHAHAHAH

>> No.16260465

>>16260449
actually the support should be at 7793 where most of the price consolidated.

>> No.16260466

>>16260449
There's no dump nigger. It's at 8582 and rising. You will note many such liquidation spikes below the pattern, but all made quick recoveries before pattern violation was achieved.

>> No.16260467

>>16260323
This is actually bullish, it’s resting on support and a big pump should come soon
The bigger picture is 100% bearish though

>> No.16260478

>>16260392
also, there are so many modern tools out there to analyze what positions people are taking and the size and amount of risk of those positions. Using traditional TA is like bringing a knife a to a gun fight. Especially with crypto. Whales have such a huge influence on price action. If you're not trying to estimate where they're buying and selling, you're going to get so fucking rekt it's not even funny.

>> No.16260487
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16260487

>>16260199
how do you know where to draw the price target though? is that $9600?

>> No.16260492
File: 37 KB, 533x356, btc.jpg [View same] [iqdb] [saucenao] [google]
16260492

>>16260453
Actually for my lines you have to zoom out, I think we're still in this bearish channel.

>> No.16260494

>>16260262
JESUS Christ this is some fucking boomer tier advice.

>> No.16260497

>>16260487
price target if the triangle actually has a breakout is shown here. But it's only if the supports holds for another rally.

>> No.16260503

>>16260492
Looks like 4k inbound if it stays in your channel

>> No.16260505
File: 196 KB, 1559x835, btc.png [View same] [iqdb] [saucenao] [google]
16260505

>>16260487
not sure why the pic didn't show up.

>> No.16260517

>>16260494
You're right my bad.

ALL IN LINK! LINKIES HITTING $100K EOY!

>> No.16260520

>>16260505
Granted it isn't going to be a huge breakout to that price immediately after crossing that upper diagonal line. That price is just what's expected after the break out, but may take some time to get there.

>> No.16260549

>>16260487
A rebound off support would target 9450 +- 150 before retesting upward momentum with a correction to 9100.

>> No.16260567
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16260567

>>16260503
I don't know, worst case scenario $5k something zone, let's see how it plays out.

Very short term, in the 1hr chart there's a solid double bottom at $8525, it could rebounce up, for now.

>> No.16261067
File: 60 KB, 1256x534, retarded.png [View same] [iqdb] [saucenao] [google]
16261067

How retarded am I for starting my longs here?

>> No.16261127

>>16260339
I don't TA, but what I don't get about all you TA fags is that, you sound so confident, yet, you can't be that sure of what's going to happen because if you really were that good at TA you could just keep using it in leveraged trade after trade and you'd be billionaires in a few months/years.
Thus the only logical conclusion is that TA is larpy bullshit.
What's the flaw in my logic?

>> No.16261150

Bitcoin makes this pattern all the time. It makes two parabolic advances upward after the bear market and then passes the previous ATH into the halving, then moves into the bull market.

>> No.16261158

BTC chart is sketchy. ALGO's 4h looks great and VET is exploding. I think ALGO is the better buy right now though, a lot of positives surrounding their tech and they are on sale.

>> No.16261161

>>16260549
>would
how would it, though?

>> No.16261178

>>16261127
TA is just using a combination of indicators to determine where the price is likely to go. It's not meant to make exact predictions on specific dates you mong.

>> No.16261196

>>16261158
Someone did his research. Splendid!

>> No.16261209

>>16261127
Leveraged traders can get anally raped by liquidation hunters or random price movements. I never use leverage for that reason.

TA traders (myself) make money by being right more often than being wrong and setting stop losses. Then there are also TA periods (now) where the future price movement is all but obvious and money is guaranteed.

>> No.16261224

>>16260199
Billionaire here. Buy Dean Foods.

>> No.16261396

>>16260199
OK retard here. What are you trying to spoon feed me? I dont understand your graph other than Bitcoin / USDTether

>> No.16261403

>>16261396
number go up

>> No.16261415

>>16261403
So i should buy Tether coins?

>> No.16261421

>>16261403
Also how the fuck do the numbers go up when the chart itself is showing the numbers gradually going down??

>> No.16261438

>>16261415
>>16261421
Holy shit, just spend this weekend working through babypips

>> No.16261465

>>16260221
No just wait another year so you can buy a ps5 in December 2020. Plus the price of link will be higher by then and you could buy a ps5 plus a new tv and a nice headset

>> No.16261499

>>16260199
Am I too late to get into Chainlink? Lurked /biz/ for 2 years but I've always been too broke for crypto, seems like I'm ready to go all in ($30 start) once I get paid.

>> No.16261502

>>16261499
AT LEAST try to attempt to get a suicide stack

>> No.16261505

>>16261502
whats a suicide stack mean?

>> No.16261531

>>16261502
this >>16261505

In other words, how many links do I try to get ASAP? At the very least I mean.

>> No.16261545

>>16261505
>>16261531
its always been 1,000 links is a suicide stack.

>> No.16261560

>>16261545
i meant what does the term actually mean

>> No.16261578

>>16261545
>my $30 can only get me 10 linkies tomorrow
AHHHHHHHHHHHHHHHHHHHHHH

it's a start I guess

>> No.16261604

>>16261560
best one ive found so far

a suicide stack is a stack of crypto that prevents you from committing suicide because it's the only thing you have to live for.

>> No.16261615

>>16261604
but probably correct answer

Holding a suicide stack is what stops you from an hero

is that right?

>> No.16261664

still looks like shit and getting worse

>> No.16261665

>>16261560
It comes from a suicide pact made by old school LINKies a while back: if you hold 1000 LINK or more you must commit suicide when it finally hits 0