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/biz/ - Business & Finance

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File: 60 KB, 1011x786, PARABOLIC.png [View same] [iqdb] [saucenao] [google]
19699588 No.19699588 [Reply] [Original]

I usually compare TA to reading tea leaves. However, this shit... this shit right here you can't ignore. I'm only sharing this with you autists because I'm already all in and have nothing to gain from having this information.

>> No.19699614

>>19699588
Tell us what fucking chart it is, retard

>> No.19699616

Teach me how to use momentum, price action and time-frame or LARP

>> No.19699626

is this aave or kyber or ghost

i own all three so it doesn't matter i guess

>> No.19699627

You know that if, for whatever reason, that line doesn't hold, this scam is going down -80/-90%, right?

>> No.19699631

>>19699614
It's obviously the only coin that matters, newfag.

>>19699616
Brotherman, I just draw circles and upward lines on pretty plots of price data.

>> No.19699647

>>19699614
such a newfag lol

>> No.19699656

Btw that's LINK-BTC, you newfags can't even immediately recognize a coin from its chart...

>> No.19699666

>>19699588
So July we hopefully moon... Also where do you see the nexty spike taking us to?

>> No.19699675

>>19699588
Hmm I have non parabolic lines for my linkbtc ta, seems to be playing out just fine. My memline wedge says to expect a breakout within the month. If it happens sooner, maybe I'll switch to a curved line like you have.

>> No.19699678

>>19699631
same and i lost all my stimulus gamble funds as a result

>> No.19699692

Also, the rsi shows bearish div no?

>> No.19699695

>>19699666
Checked, satan. I'd say even before July. I expect around 75k sats, but I don't dare swing my linkies.

>> No.19699771
File: 801 KB, 1200x675, 1591273668554.jpg [View same] [iqdb] [saucenao] [google]
19699771

>>19699614
Jesus Christ the absolute state of this board. But yeah OP, you think this is news to us? I've witnessed every fuckin 12 hour candle in that charr

>> No.19699809

>>19699588
>parabolic on a 1 hour timeframe
>thinks other investors/traders don't see the bearish divergence

>> No.19699822
File: 81 KB, 378x357, 1584029791788.png [View same] [iqdb] [saucenao] [google]
19699822

>>19699809
>1 hour time frame
oh you sweet summer child

>> No.19699836

>>19699666
June 21

>> No.19699863

>>19699631
Bro the fact that rsi is ascendent is bullish?

>> No.19699889

>>19699863
I look at it in a way that represents the risk swingies are willing to take waiting for the price to hit lower levels. Since last spring, when people got absolutely BTFOd, the RSI hasn't dropped below 45 and seems to be finding a higher floor each pump.

>> No.19699895

>>19699588
Bro I'd have 1 questions could you please help me?
1) How do I make that fancy exponential line in excel? What do I have to compute in order to get that line?

2) I would try to get an idea of where this coin is going to go at the next bump up... compunting the exponential could help here.. bUT HOW?
Which exponential target for the next leg up?
8 usd?

>> No.19699912
File: 885 KB, 960x953, 1591993187799.png [View same] [iqdb] [saucenao] [google]
19699912

> not seeing that the last circle should be a few candles on the left but the rally actually failed

I've sold. You do you

>> No.19699914

>>19699614
>he doesnt know

>> No.19699915

>>19699895
>How do I make that fancy exponential line in excel?
I'm using tradingview, not sure how you'd draw lines like this in excel. Maybe there are tutorials on YouTube.

>8 usd
The chart is BTC/LINK, so usd price depends on what bitcoin will be worth at the time. The top is pretty hard to call. I'm expecting at least 75k sats, so if bitcoin is around $10k at the time that would be $7.50

>> No.19699929

>>19699912
I see what you're talking about. It didn't break the overall trend, so it's fine, imo.

>> No.19699956

>>19699895
Logarithmic regression?
Yeah, that can be done in excel.
But in general, it shouldn't be ''drawn'' but plotted with OpenCloseHighLow data from coinmetrics.

OP should be flagged for spam for drawing a log-curve on a linear chart.

>> No.19699972

>>19699863
Normally it's bearish, but this is a special case.

>> No.19699981
File: 213 KB, 1080x1490, RubberDucky.jpg [View same] [iqdb] [saucenao] [google]
19699981

>>19699912

>> No.19699985
File: 84 KB, 681x1024, 1590961729197.jpg [View same] [iqdb] [saucenao] [google]
19699985

>>19699956
>OP should be flagged for spam

>> No.19699993
File: 713 KB, 800x1281, 1558575249650.jpg [View same] [iqdb] [saucenao] [google]
19699993

>>19699972
Yeah, special case being it's LINK.

>> No.19700014
File: 98 KB, 1468x855, 56y5yye56y.png [View same] [iqdb] [saucenao] [google]
19700014

*dabs*
stop feeding them hopium
F

>> No.19700036

I'm still short on LINK in futures market, let's see whos right shall we?

>> No.19700069

>>19699614
How new can one anon be?

>> No.19700089

>>19700014
Yikes!

>> No.19700118

You can just alter the form of the. Curve however you like
Either it already broke the parabolic curve or is about to or will touch someday in the future
Once again meme lines proof nothing an can be drawn arbitrarily to fit whatever narrative you want portray
Useless

>> No.19700138

>>19699627
Yes, the parabola is going to break when we have new partnerships almost every weekday, network growing exponentially, and staking coming this year.

The parabola will break but not until after staking hype has reached mania levels. >>19699981
Binance is going to run a Chainlink node???!

>> No.19700190

>>19699614
lol if you aren't new here I would be embarrassed as hell if I was you..

>> No.19700211

>>19699627
>this time it’s different

>> No.19700223

>>19700138
Correct.

>> No.19700232
File: 86 KB, 924x1002, BB5DE14B-3C6B-47A6-9D2E-7CBDF45EAC66.jpg [View same] [iqdb] [saucenao] [google]
19700232

>>19700014
Retard

>> No.19700269

>>19699588
This is a textbook classical bearish triangle, big breakout to the north incoming. I hope you're not invested.

>> No.19700275

>>19699614
Oh, it's a token on the Ethereum network called ChainLink! Have you heard of it?

>> No.19700280
File: 1.90 MB, 300x222, 1590010833835.gif [View same] [iqdb] [saucenao] [google]
19700280

>>19699614
gee i fucking wonder

>> No.19700293
File: 40 KB, 256x256, thumbs-up.png [View same] [iqdb] [saucenao] [google]
19700293

>>19700014
Those lines just gave me advanced stage weaponized autistic cancer in my brain and my rectum..
Thanks

>> No.19700368

>>19699614
Lol CHAINxxxx

>> No.19700397

>>19700014
At least one person here that is not retarded and points out the bear div.

>> No.19700806

>>19699588
We already know. Do keep in mind tho that it might still go down, patterns always break sooner or later. But yeah very bullish

>> No.19700815

>>19700397
You’re a retard too

>> No.19700820

>>19699614
lmao he doesn't spent hours every week looking at the same chart that he instantly recognize when posted haha

>> No.19700849

>>19699912
We failed the next higher high because of the corona dump

>> No.19700868

y=(0.07899467*(x)^2)-(27.87444*x)+1277

I tried calculating the formula of the parabola that has worked as support for LINK/BTC for the last two and a half years. I came up with the above. x is the number of days since December 11, 2017, when a low of 1277 sats was established. It's not perfect and could definitely be tweaked and improved, but it's been helpful for me to see what the current support is at. For example, today the formula says our baseline is 42024, so if it broke that I would be concerned. Assuming the parabola holds, you're never going to get a better buying opportunity than this.

>> No.19700906

>>19700806
I don't expect the hype around LINK to die down until staking comes out at the very least. At that point price will be driven via token utility, so price will continue rising regardless.

>>19700868
Interesting, I also came to the conclusion that LINK shouldn't close the week any lower than 42k sats. I didn't do any autistic math to draw my line, just eyeballed it a long time ago; have been making small corrections to it ever since, and it seems to be getting more and more accurate.

>> No.19700913
File: 69 KB, 569x398, 6D673EBF-8A5C-4344-87B2-EA5EFCAB3C7C.jpg [View same] [iqdb] [saucenao] [google]
19700913

>>19700014
That’s not a bearish divergence. RSI is making higher lows == bullish coiling.
Pic related is a bearish divergence.

>> No.19700943

>>19700868
>>19700906
Do keep in mind that btc have big chances of going way way down, and then it will take link in its fall, at first anyways.

>> No.19700974

>>19700943
We'll see. A lot of people are calling for 6k - 7.5k bitcoin. The majority is usually wrong. Also, when the corona dump happened link held extremely well against bitcoin. Linkies have some of the strongest hands in the market, especially those who have previously been burned.

>> No.19701009

>>19700943
true, that's a definite possibility. the corona dump didn't cause us to break the parabola, though granted we were above the median at the time, whereas now we're crabbing along the bottom
>>19700906
the autistic math isn't necessary of course, it's just a nice tool to make myself believe i'm investing on something more than blind faith

>> No.19701020

>>19699656
Sitting around watching charts is like shooting up outside of your dealer's house.

>> No.19701031

>>19699588


It's unbelievable how a fat flanneled piece of shit without scruples has managed to mesmerize and systematically scam a community of retarded homosexual incels, he can't get away with that

>> No.19701072

>>19699588
>>19700014
And this is why people hate TA. I'm guessing you are supposed to wait for a confirmation of either, so what would it be then? When is yours confirmed and the other rejected?

>> No.19701097

>>19701072
If it closes this week under 42k my chart would be invalidated, technically.

>> No.19701153

>>19700974
Almost everybody think btc will go on a bull run, the only thing they disagree on is if we are going to take a big dip first or not. Me, I think 2017 was the last of the btc bullruns, and that 20k was the definitive ATH. What I think is that the age of alts has begun, worthy ones will take the king off his throne and the 99% garbage coins will die.
Only time will tell of course

>>19701009
And about your TA, did you calculate where we are headed if thebparabole maintain for, say, a year?

>> No.19701216

>>19701153
Look, buddy, I can tell from your question that you're not the sharpest tool in the shed, and calling 20k the absolute top of BTC just proved it further.

I said in my original post that you can calculate it yourself. x is the number of days since December 11 2017. Inputting June 13 2021 into the formula gives us a sat value of 95022.

>> No.19701217

>>19701072
it already confirmed when it failed to break back into the meme parabola in april

>> No.19701312

Its a huge bearish divergence. This Thing will collapse.

>> No.19701326

>>19699614
>>19699626
Imagine not knowing this chart by heart in ten different timeframes. What has biz come to?

>> No.19701388

>>19701312
>bearish divergence
If there is one thing I have learned in 4 years of crypto,
it’s that,
anytime you read this,
you should assume,
the author is an idiot

>> No.19701446

>>19701216
Thanks for the spoonfed senpai. Also, screecaped

>> No.19701486
File: 294 KB, 1570x1083, Chainlink_dominance.png [View same] [iqdb] [saucenao] [google]
19701486

>> No.19701499

>>19700849
They don’t want us to have chainlink. They crashed the economy to shake weak hands. Just before corona was a thing notice mommy gf adelyn goes to China. I wonder what she did there also she is cia too. Sir gay was not cia and still isn’t but at this point might as well be

>> No.19701615
File: 77 KB, 1011x786, 1592063437338.png [View same] [iqdb] [saucenao] [google]
19701615

>>19699588
I can draw lines too. Drawing is fun. :DD

>> No.19701619
File: 38 KB, 917x559, ethftw.png [View same] [iqdb] [saucenao] [google]
19701619

Daily reminder

>> No.19701639

>>19701615
>>19701619
Are you from the same discord server?

>> No.19701644

>>19699614
trend confirmation on RSI

>> No.19701681

>>19700014
already played out obviously

>> No.19701687
File: 119 KB, 1280x720, giraffe.jpg [View same] [iqdb] [saucenao] [google]
19701687

>>19701639
The same street in Mumbai.

>> No.19701690
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19701690

>>19701499

>> No.19701742
File: 55 KB, 1141x827, bearish.png [View same] [iqdb] [saucenao] [google]
19701742

Other daily reminder that you should all be in eth rn

>> No.19701780

>>19701742
We already took a 25% dip in the eth chart, it's a bit too late to sell now

>> No.19701788
File: 19 KB, 854x480, 1591897495002.jpg [View same] [iqdb] [saucenao] [google]
19701788

>>19701780

>> No.19701909

>>19699588
this line works until it doesnt

>> No.19701929

Holy fuck, the amount of cope/fud posting. Guys i understand you want to keep reddit out but it's been 3 years. They will never make it.

>> No.19701944

>>19701742
>>19701788
LINK to 0.08+ ETH EOY. Screencap
I'm selling then and making 10 million+ when ETH moons.