/biz/ - Business & Finance

[Anonymous No.18701292]

is it just me or is bitcoin looking a little more bearish? All my indicators are topped out..eth just hit he 0.61 fibbo as well.

[Anonymous No.18702111]

Whenever I come across someone that believes in TA indicators I know I will never respect them

[Anonymous No.18702121]

>>18701292
next two days will be red

[Anonymous No.18702277]

>is it just me or is bitcoin looking a little more bearish?
>Said right at the foot of this slow and steady upwards pump
Can you red faggots do anything right?

[Anonymous No.18702307]

>>18702111
I agree partially.

TA can give you some direction and confirmation for something that is clearly undervalued or overbought. There are also some clear psychological points that can be integrated as part of the TA.

However, anything in the short term is a MEME.
Geometry, harmonic patterns and all that is just sophisticated bullshit,

Fibonacci? The golden ratio found in flowers and some natural events, now applied to trading? LMAO. I mean, come on. Technical traders try to find any pattern to fit into trading but it does not work just like that.

Prices are driven by greed and fear and a lot of bots taking advantage of the overall sensing trend of this.

Just think about it and be rational. Your 5 min-candle 61% level just got hit. This can easily be manipulated by any whale.

Thinking price direction will change it's because everybody thinks it will as well, so people think that was well. But there are a lot of factors and manipulations and the market is NOT efficient.

JUST STICK TO FUNDAMENTALS.
Big wealth struggle to find the winnings and always drive the economy for the productive scenarios.

[Anonymous No.18702348]

>>18701292
Its going to 8k, then 10k

Enjoy the taste of liquidation loser