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/biz/ - Business & Finance

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20718881 No.20718881[DELETED]  [Reply] [Original]

Bulls have failed to break the >10k region over 4 times now since last October, with lower highs each time. If you aren't shorting this you're stupid. Look at the charts. There's ALWAYS been a rug pull after the stop runs. Close to 800 million open interest on Bitmex perps, over 1 billion if you count the quarterly futures.

>> No.20718905

>>20718881
This your sister or something anon? Random pic no context. I like, though.

>> No.20718916

why not just buy at 9500 and sell at 10k?

>> No.20718918

>>20718905
That's President Obama's daughter having fun.

>> No.20718935
File: 193 KB, 850x1204, astolfo.jpg [View same] [iqdb] [saucenao] [google]
20718935

>>20718881
nice try but the more a resistance gets tested, the weaker it gets. you better close your short, because it looks like this might be the one

>> No.20718940
File: 7 KB, 436x46, bitmex position july 2020.jpg [View same] [iqdb] [saucenao] [google]
20718940

>>20718916
Because Bitcoin will go back to the 7k range to form the inverted head and shoulders. Pic related is my position.

>> No.20718974

>>20718918
Thats a man, and he is not related to obama

>> No.20719086
File: 269 KB, 646x595, 1585261983431.png [View same] [iqdb] [saucenao] [google]
20719086

>>20718940
you might regret posting that, anon...

>> No.20719168
File: 118 KB, 1618x771, bitcoin prediction july 2020.jpg [View same] [iqdb] [saucenao] [google]
20719168

>>20719086
Why?

>>20718935
Bitcoin will do something like this most likely. The economy going in the shitting might make it worse but we'll see.

>> No.20719221
File: 693 KB, 2896x4096, 78705728_p0.jpg [View same] [iqdb] [saucenao] [google]
20719221

>>20718935
>nice try but the more a resistance gets tested, the weaker it gets.
Isn't it actually the opposite?

The support/resistance of an identified level, whether discovered with a trendline or through any other method, is deemed to be stronger the more times that the price has historically been unable to move beyond it.
https://www.investopedia.com/trading/support-and-resistance-basics/

>> No.20719238

>>20718940
>inverted head and shoulders
>it goes down right?
>actually posted proof of short
You don't play by the book, the rules, the past, or the future. I like that.

>> No.20719333
File: 401 KB, 2801x2121, 1595788161470.png [View same] [iqdb] [saucenao] [google]
20719333

>>20718940
>Liq. Price 10232.0

>> No.20719342

This looks like it's going to run

>> No.20719372

>>20719221
Except the same levels aren't being tested, there's been a lower high each time. Horizontal resistance is supposed to be horizontal, not declining.

>>20719238
Yes.

>> No.20719404

He is right.
In a couple of hours we will be back at 9800

>> No.20719421

>>20719333
A pump to that level would be a higher high from the earlier run and invalidate the bear scenario.

>> No.20719441

>>20719342
>>20719404
Which one of you is right

>> No.20719485

>>20718940
Anon you fucked up. Arthur browses /biz/

>> No.20719488
File: 336 KB, 1242x861, 16747FE9-B3D0-4B94-B7A0-95AE7FB58300.jpg [View same] [iqdb] [saucenao] [google]
20719488

>>20719441
There is another option.........

>> No.20719503

>>20718881
you're going to get fucking raped shorting this thing and I'm going to enjoy watching it.

>> No.20719523
File: 142 KB, 1429x1027, Screenshot 2.png [View same] [iqdb] [saucenao] [google]
20719523

>>20718881
DO IT

>> No.20719549

>>20719221
Not really, the support/resistance meme in TA is fundamentally based on supply and demand. When a price is going up and suddenly hits a price point where supply majorly outweight demand, we create a "resistance" level. Every time the price hits that resistance level, a part of the major supply keeping it down gets exhausted, so the more times we hit that resistance level, the less supply there will be at that level, until it won't outweigh demand anymore and the resistance gets broken.
Considering that bitcoin has been consistently hitting at this resistance level since May, without any major pullback, it's fairly safe to assume that the supply is close to exhaustion by now.

>> No.20719818

>>20718940
Fuck you've got big balls anon
Liq price should be 10,550 and you'd be golden

>> No.20719854

last time you fags said the same bout etc 4th time it approached 250 it broke out. eat dirt faggot.

>> No.20720073

>>20718881
Basically momentum off crabbing for so long + positive news with bank acceptance + all that alt momentum flipping into btc & eth

prepared to short 10.5k - 11.5k tho

>> No.20720130

keep this bumped. it's a larp but OP is definitely getting liquidated tonight. in minecraft

>> No.20720189

>>20719818
Adding some more BTC to up my liq price a bit and increase my position.

>> No.20720221

>>20720189
Getting a bit nervous?

>> No.20720249

>>20720189
Post new position

>> No.20720253

>>20718940
*scam wicks ur short*

heh...

>> No.20720263

>>20720221
>>20720249
Will when my BTC arrives.

>> No.20720519

>>20718940
Ouch

>> No.20721536

>>20718881
11k by the end of the night dubs 4 proof

>> No.20721597

>>20718881
Cause swingers get the rope, its simple law of thermodynamics

>> No.20721606

>>20721536
You’ve doomed us all dammit
>>20718940
How’s it going anon cool as a cucumber?

>> No.20721672

>>20718940
Balls of steel, I respect that
Hope you make it

>> No.20721700

>>20721536
You will have to be more specific, it is morning somewhere in the world

>> No.20721966

>>20718940
You’re dead, kiddo.

>> No.20722029

>>20721700
>digits
oooooooooooo

>> No.20722060

>>20718940
Brainlet here. How much will he lose if it hits his liq. price?

>> No.20722063

Guys it's going to 13k+.

The same happened to ChainLink. Stuck @ under $5 for a LONOOONGNNGG time.....Then it broke it and unleashed a Run.

Bitcoin is going to 13k+, Ethereum doing the same.

>> No.20722276

OP here still standing but sweating. Internet is shaky but the indices didn't hit 10232 yet.

>> No.20722305

>>20722276
Good luck! I took a much smaller short too, sweating for sure

>> No.20722399

>>20718940
RIP.

>> No.20722477

>>20722276
>OP here still standing but sweating. Internet is shaky but the indices didn't hit 10232 yet.
you did something really dumb and/or you're making a fool of yourself

>> No.20722488

>>20722276
Christ it candled to 10230 on jewbase. Youre wild OP.

>> No.20722583

>>20718940
LMAO 10246

>> No.20722596

>>20718940
Shit just got liquidated

>> No.20722635

>shorting 10k region with 10.2k liq
negative iq

>> No.20722642
File: 21 KB, 449x137, Screenshot from 2020-07-26 23-51-49.png [View same] [iqdb] [saucenao] [google]
20722642

if OP wasn't LARPing I would feel bad

>> No.20722715
File: 8 KB, 435x51, btc update.jpg [View same] [iqdb] [saucenao] [google]
20722715

Added more lower down and got the BTC in time. That was close though.

>> No.20722738
File: 95 KB, 436x597, Screenshot from 2020-07-26 23-55-29.png [View same] [iqdb] [saucenao] [google]
20722738

>>20722715
>larping to get other people rekt

>> No.20722741

>>20720130

and, walla.

>> No.20722759

>>20719503
told you, faggot

>> No.20723341

>>20722060
20k

>> No.20723370

>>20722715
...nigga

>> No.20723623

>>20722715
RIP OP 15k is our projection for Monday market opening

>> No.20723630
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20723630

>>20722715
Pic of OP right now