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/biz/ - Business & Finance

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24393879 No.24393879 [Reply] [Original]

Why are we pumping?

>> No.24393907

>>24393879
Last week was bear trap now we pump

>> No.24393913

bitcoin is only the gas for haircomb

>> No.24393933

>>24393879
broke out of bearish pattern now the price must invalidate bearish divergence on 4h and this requires us to pump hard

>> No.24393945

“Why are we pumping in a bull market” the absolute state

>> No.24393981

>>24393879
Endogenous market dynamics. Bitcoin almost never reacts to outside information except over the longterm. Examples of exceptions would be the Silk Road seizure and the March covid dump. In the short-term, Bitcoin is driven purely by whales taking advantage of a very illiquid and immature market.

>> No.24393983

>>24393879
We just rolled over on the week. Algos are kicking in for intuitional buyers. Traders and small fry will intraday trade this pump but ultimately we go up.

>> No.24394024
File: 750 KB, 607x10000, 1576771284752.jpg [View same] [iqdb] [saucenao] [google]
24394024

We're shifting back to the correct timeline.

>> No.24394041

>>24393907
correct. people thinking it will keep dropping but they are suffering from 2+ year bear market PTSD. There are more buyers than sellers now and that ratio will continue to skew towards buyers every day that passes.

>> No.24394119

>>24393879
eth 2.0 launches dec 1st

>> No.24394351

>>24394024
Stop making me contemplate my bad trades.

>> No.24394357

ETH 2.0 yo!

>> No.24394371

ok guys this it, the big pump.

The last time the percentage of #Tether's supply on exchanges rapidly crossed down to the levels we're seeing now was July 20th. Over those next two weeks, the price of #Bitcoin rose +28.2%. The price of $BTC is very much foreshadowed by the percentage.

Enjoy Joggers and buy RAMP.

>> No.24394419

We better fucking breach 20k this time

>> No.24394461

>>24393907
>>24394041
100% this

>> No.24394474

WHAT are we pumping?

>> No.24394510
File: 287 KB, 633x622, 1606697155270.png [View same] [iqdb] [saucenao] [google]
24394510

>> No.24394525

Because Coinbase managed to close out of its oversold positions and made money off the paper hands, and now that they've secure more actual crypto at a lower price, it's time to moon.
Watch as "Orange Man gonna take away your crypto" never gets mentioned again.

>> No.24394535
File: 6 KB, 231x218, 1605836026266s.jpg [View same] [iqdb] [saucenao] [google]
24394535

>>24393907
so this week is the bulltrap?
whales play with us after all.

>> No.24394586

If you were wondering why LINK QNT etc went down a little today, people are moving their bags into BTC

>> No.24394659
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24394659

Trump won.

>> No.24394701

>>24393879
this is a sinister bull trap, one of the more sinister ones i've seen

>> No.24394759

>>24393913

I am going to find a way to short this god damn piece of shit one of these days just so you lose money

>> No.24394786

>>24393879
He sold

>> No.24394828

>>24394024

The sheer seething that went in to the making of this image is as cheery as a campfire to me.

>> No.24395080

The old support levels could act as resistance and make the price collapse. I sold at the top bought in at the bottom im thinking to sell and see what happens.

>> No.24395127

>>24393945
Its a question we have all learned to ask when it comes to link lol. it dumps when it should pump and pumps seemingly out of nowhere