/biz/ - Business & Finance

[Anonymous No.25432197]

Jesus its the meme chart again

[Anonymous No.25432255]

>>25432197
look at 4h candle
if this thing closes looking like that and the next 4h cangle is red (confirmation) we're in for some serious correction

[Anonymous No.25432338]

>>25432255
this is literally all happening within a single day

no, your shitty stock trading patterns dont work here

[Anonymous No.25432347]

>>25432255
checked. looks fucking textbook lol.

[Anonymous No.25432374]

>>25432255
>4h
try 1W or 1D and then it will have some meaning

[Anonymous No.25432402]

>>25432255
dip over you should have bought.. It crashed 10% that's it, now we continue on up.

[Anonymous No.25432451]

>>25432374
4h is enough, BTC is definitively not crashing here just correcting
it will be smaller move 15% at most and doesn't require to look at weekly/daily scales, if this happens it will play out before weekly candle closes

[Anonymous No.25432501]

>>25432255
>muh lagging indicator telling me the price went down

wow much pro, very info

[Anonymous No.25432523]

>>25432197
right or wrong I have taken some profits because fuck making the same mistake again I did 3 years ago

[Anonymous No.25432532]

>>25432255
These patterns are based on 1 trading day time-frames

[Anonymous No.25432569]

>>25432501
>Candlestick
>lagging indicator

[Anonymous No.25432580]

>>25432197
Just started a coinbase account and bout £20 in BTC lads. ALREADY UP 18 pence, can you believe it.

If it keeps going like this I will be a thousandaire soon enough. I will be able to have ginster sausage roll every fucking night. OI OI OI!

[Anonymous No.25432640]

>>25432255
you see these candles all the time

[Anonymous No.25432682]

>>25432569
What, you get candles from the future now?

[Anonymous No.25432710]

>>25432580
You're gonna make it, don't worry

[Anonymous No.25432774]

>>25432682
Price action isn't a lagging indicator you mong.

[Anonymous No.25432799]

>>25432532
Zoom in.

[Anonymous No.25432825]

>>25432255
This is literally nonsense, BTC has broken every technical indicator so far hehe

[Anonymous No.25432899]

no coiner here I still want in to the citadel

[Anonymous No.25432904]

>>25432255
HE DOES NOT BELIEVE IN NEW PARADIGM!!! SHAME SHAME SHAME. FLAIL HIM.

[Anonymous No.25432973]

>>25432899
the gates are locked at 40k.. you have until then, best we can do mate.

[Anonymous No.25432990]

>>25432899
You can clean the toilets in the citadel

[Anonymous No.25433018]

>>25432255
BTC been showing bearish divergences since like $16k. TA doesn't work because all of this isn't organic like stock just a lame tether pump.

[Anonymous No.25433078]

>>25432569
it just says that if you get this hanging man candle and then the next one is red as well, you have a strong chance of a downtrend
mind you this could get invalidated if next cangle is green but if it's red then statistically you would do be off selling after this pattern and buying back later for lower pice

[Anonymous No.25433122]

>>25433018
not true, it had bullish divergence at 17k when i entered a trade
then more bullish indicators at 21k when i entered another trade
right now we had bearish divergence which didn't play out (probably invalidated by this push above 30k)

[Anonymous No.25433127]

>>25432197
It's just blatant market manipulation made near impossible to regulate due to transaction obfuscation. They're flash crashing the price by placing block sell orders at significantly lower-than-bid, then picking up some extra size which causes a reversal upwards. All of this has the end effect of making retail investors holding BTC extremely uneasy in their positions, which will push more of them to sell during the next manipulation and the downswings will get larger and larger until an actual crash happens.

Ask yourself what incentive there is for sufficiently large organizations to NOT manipulate the fuck out of the market. The answer is that they have no reason not to. If they were smart about moving around their positions to an array of different wallets and obfuscating the sales/buys so that people don't link it back to them then they take on effectively zero risk of getting prosecuted for market manipulation. They pulled this same shit in stocks and bonds in 1929 before the mega crash.

Now you know what's going on. Screencap this.

[Anonymous No.25433186]

>>25433127
does this mean we should sell?

[Anonymous No.25433210]

>>25433122
shut up nerd

[Anonymous No.25433261]

>>25432255
kek hows this been working for you candlecuck. Stupid cunts and their astrology

[Anonymous No.25433347]

>>25433186
I got out at $30k and have no regrets at all

[Anonymous No.25433368]

>>25433347
You never should regret if you got out at profits.

[Anonymous No.25433415]

>>25433368
Wholeheartedly agree, not worth it to get caught up in "if I had held onto it then I'd have gotten out 30% higher"

[Anonymous No.25433814]

>>25433078
Of course. All the patterns offer is a statistical chance of pricing moving in one direction over another. TA is basically
>Individual trades are random on a microscopic level
>Trades over time are predictable on a macro level

[Anonymous No.25433854]

nice bull trap you got there mister

[Anonymous No.25433884]

>>25432197
Remember when we had these every fucking day back in 2017?

[Anonymous No.25433964]

>>25432402
>You should have bought
>It will keep going up forever
Pick one

[Anonymous No.25434185]

Citadel won’t maintain and build itself. We need nocoiners anyway - you will be able to buy, lets say, toilet cleaning service for 1sat from nocoiner (because he will be desparate for sats), but those who already have enough btc, wouldn’t clean toilets even for hundreds of sats. I hope you get the idea.

My proposal for citadel composition: 1% of us
9% of strong men who will be like police in our citadel. Highly paid to keep the order in tact and not to turn against us
30% of men, hard working wagies who aren’t lazy and are their field experts. We need them to build and maintain citadel.
60% of women, beautiful and young, non libtard. They will be “free” but won’t have vote rights. We will have more of them than men to keep men happy (and us ;) ) and maybe this “inbalance” will make them behave better when they know there’s another girl waiting to replace her.
ALL THE PEOPLE TO BE INVITED TO CITADEL WILL BE PRECHOSEN BY US. Basically each of us will have a right and duty to invite 9 persons as policemen, 30 non lazy professionals and 60 sexy non feminist women as per their choice.

[Anonymous No.25434231]

>>25432899
>>25432973
Meant to answer you with this >>25434185

[Anonymous No.25434253]

>>25434185
Meds. NOW.

[Anonymous No.25434306]

>>25432255
No neg d, no breaking of resistance.
>not yet bobo

[Anonymous No.25434349]

>>25433018
>BTC been showing bearish divergences
Means nothing without breaking key support

[Anonymous No.25434464]

>>25432255
Lol you’re stupid crypto markets don’t close

[Anonymous No.25434506]

>>25433127
Eli5? How is that possible? So it’s in for a big correction?

[Anonymous No.25434560]

>>25432973
where the fuck are these niggers in the citadel supposed to be getting their food from? they're surrounded by infertile wasteland. is there a complex hydroponics system inside their shitbean gondor-looking wank-cathedral? that unironically looks like an awful place to live

[Anonymous No.25434639]

>>25433127
Can you explain this sentence in more detail please?
"They're flash crashing the price by placing block sell orders at significantly lower-than-bid, then picking up some extra size which causes a reversal upwards."
I agree with you in general about market manipulation being rife - griffin's paper on tether in 2017 is fairly comprehensive on this one

[Anonymous No.25434671]

>15 minute candles
Kill your self.

[Anonymous No.25434830]

>>25434506
Here's the hypothetical rundown:

Let's say I own $1b in BTC and I had the foresight to create a bunch of different anonymous wallets before I bought up my position. Assume that transactions made by these wallets are virtually untraceable to me.

I see that BTC has been struggling around $30k recently despite a good amount of volume. This leads me to believe that nobody is sure whether the price should blow up to $40k from here or drop like a rock to $20k. I'm greedy, and I want to buy more at a lower price than right now maybe just to turn around instantly for a quick profit. I look at the current Bid/Ask and it's something like $30,000 bid // $30,020 ask. I programmatically sell off 8000 BTC (worth ~$240mm at current price) on an exponentially decreasing cost curve between $30k and $29k from a fuckload of different wallets. What people think they see is the beginning of a crash, so the fearful holders start selling and drive the price even lower. If I'm lucky, maybe it reaches $28k, at which point I programmatically begin buying back up my 8k BTC plus an additional 1k. People see this as a wide array of institutions / retail investors "buying the dip" and preventing a crash, so they start buying up too trying to take advantage of temporarily low prices and the price comes back up to $30k, maybe even goes to $30.5k. If all went well, I'll have completely manipulated the market and bought more BTC at a lower price.

I exaggerate the price swings a bit for clarity, but this is the big idea put as simply as I'm able to. There's nothing stopping institutional investors / whales from doing this, and if they're smart about it then it is an excellent way for them to make quick profit.

[Anonymous No.25434853]

>>25434671
There was a hanging man candle on the 30m and a doji reversal candle on 1hr as well though

[Anonymous No.25434953]

>>25433018
>TA doesn't work because all of this isn't organic like stock just a lame tether pump.
>muh meme lines won't work, must be a scam
seethe more faggot

[Anonymous No.25434989]

>>25434853
>30m
>1hr
Lol. Ngmi.

[Anonymous No.25435020]

>>25434185
Holy shit, no more vaccines for this guy

[Anonymous No.25435024]

>>25434560
Cum is food

[Anonymous No.25435028]

>>25434639
Sure, basically what I mean is that they programmatically sell a big position at lower-than-market from a ton of different wallets. To outside observers, this looks like a bunch of different entities selling at lower and lower prices - the beginning of a "crash". People who were afraid of getting caught up in a crash will likely sell, driving the price further down. Then whoever is manipulating the market can start buying back up an equally large, or larger, position than they sold and not just stop the bleeding but end up making people rush in to "buy the fucking dip" and the price will rebound to an even higher one than what it was before the whole operation began.

BTC is the ultimate currency for greedy banks that desperately wish they could manipulate stock / bonds markets like this. Many of its advantages culminate in it being the perfect asset for price manipulation by institutions at the expense of retail investors:
>transaction programmability
>pooled transactions
>no barrier-to-entry to create many different wallets that aren't linked back to you
>raging controversy over whether it's worthless or worth trillions

[Anonymous No.25435035]

>>25433415
Tell they to the cucks who sold at 10k, then 20

[Anonymous No.25435356]

>>25434506
>Eli5
you have to go back

[Anonymous No.25435447]

>>25434830
i see it as you're gay lol
TL;DR

[Anonymous No.25435493]

FUCK BUTTCOIN ALT SEASON STARTS NOW

[Anonymous No.25435582]

>>25433018
https://www.lookintobitcoin.com/charts/golden-ratio-multiplier/
yeah none of these meme lines got it right. faggot.

[Anonymous No.25435655]

>whales sells at 33,333 cause they think it's funny
Did you TA predict that?

[Anonymous No.25435684]

>>25434671
>>25434989
>>25435356
>>25435447
Fuck off, we’re having a conversation here. Go act like baboons somewhere else

[Anonymous No.25435728]

>>25434830
Thanks for the explanation. So basically, we could assume that after 27-28k, BTC could be essentially increasing only by this pressure that the manipulators are creating, right?

[Anonymous No.25435747]

>>25432973
Based. Cant wait to live in a citadel and watch the proles down below eating bugs to survive.

[Anonymous No.25435750]

>>25435655
>33,333
TA does in fact account for psychologically significant numbers, yes.

[Anonymous No.25435778]

>>25435728
No, we are seeing this tech's adoption by society. It will continue to follow a mathematical curve, even while it goes through peaks and valleys. 100K this year, but it won't stay there.

[Anonymous No.25435837]

>>25434560
Hive cities like that eat "protein rations" (grinded bugs). Only the elite eat normal meals imported from other planets

[Anonymous No.25435854]

>>25435778
So it’ll keep going up?

[Anonymous No.25435859]

>>25434185
you sound like a 12 year old

[Anonymous No.25435876]

>>25435728
In the example, the buy pressure while the entity manipulating the price is doing their thing will likely be initiated by that entity. The whole point is to scare everyone into selling then convince everyone to flood into buying at the "dip".

There will always be some latent buy pressure unrelated to any manipulation, sometimes more than normal and sometimes less, but the major initiating factor in the selloff's and buy-up's in the manipulation case is, well, the manipulator.

>>25435778
>This tech's adoption by society
So you're saying that the price of BTC is based on the value it offers by what the protocol has established?

[Anonymous No.25435895]

>>25435778
No bueno without a correction. It’s already running on fumes.

[Anonymous No.25435935]

>>25434185
Sounds pretty based anon.

[Anonymous No.25436114]

>>25435854
Yes, to a million usd per coin, and then higher.

[Anonymous No.25436125]

>>25434853
noooooooo not a doji on the 30m!!!!!!!!!

[Anonymous No.25436193]

>>25434853
6h candles tell the story
we'll know where this goes in another 6 hours
if next is green it's fine
if it's red you should consider getting out

[Anonymous No.25436264]

>>25435895
That is right. It is looking at a top very soon, then a correction. Then I think it runs pretty heavy to the end of the year. But you are correct and the retrace is coming. I am thinking we hit around 40K more or less then the correction. Based on charts and meme lines that I have been staring at the last week.

[Anonymous No.25436317]

>>25432523
what mistake

[Anonymous No.25436336]

>>25435876
https://www.caroli.org/en/the-technology-adoption-curve/

They claim it follows the adoption curve.
Rather than Bitcoin price action behaving like a traditional stock market share price, we see it act more like a technology being adopted at an exponential rate. This is because Bitcoin is a network being adopted by society, and because it is decentralised money with limited supply, its price is a direct representation of that adoption process. There are a number of regression analysis tools and stock to flow ratio studies that are helping us to understand the direction of Bitcoin’s adoption curve.
Honestly, I think the price action has more to do with shidding and farding.

[Anonymous No.25436365]

>>25436317
He tried ass to mouth. WIth his dog. And he was the bottom. Never again, anon. Because now he cannot stand the way that the dog is always staring at him. Such is life in canada.

[Anonymous No.25436432]

>>25436336
So if I made a complete copy of bitcoin and called it Fartcoin (same exact protocol), then it would follow the adoption curve because it's the same technology as bitcoin?

Price action is 100% shids and fards because the above would never happen, which tells me the "valuation" given to BTC is not based at all on its technology but just the meme factor

[Anonymous No.25436606]

>>25436432
No, that is very unrealistic and silly. Why would someone use your fartcoin if it is the same protocol? The tech is already being adopted. bitcoin tech, but also overall blockchain tech is being more widely adopted. Did you happen to read the links I provided or did you just go right for the shidding and farding and go from there? I have provided other links to articles that show that past cycle tops were perfectly in line with mathematical shit done to teh data, such as comparing 1.6 the 350dma and other fibonacci sequence numbers. It all matches up surprisingly well. it is just math, anon. The math doesn't lie, and it doesn't stink up the room like your shidds and farts. On a different note, I once had to shid really bad at teh local town park. Of course, those assholes lock the fucking public bathrooms becaues that makes a lot of sense. So I went around to the other side of the building and spray shat diarrhea all over the wall, then wiped with leaves, then left. That will teach them to lock the fucking doors, eh?

[Anonymous No.25436712]

>>25436606
Well if what I've made is an exact copy of bitcoin protocol, i.e. the same technology, then effectively I've doubled the supply. Nothing about 1 bitcoin is
different from 1 fartcoin except the price, so it presents an extremely opportune arbitrage play.

If you go looking for regressive techniques explaining any kind of extreme price movements, it's not difficult to find them. This was very popular with ABS products in 2006/7.

[Anonymous No.25436761]

>>25432990
But then what will blitzed Krieger do?

[Anonymous No.25436805]

>>25436712
False again. Everyone already has buttcoins, and they are worth alot. They don't need your shitcoin. It is too late to the party for adoption or as a vehicle for value or even speculation of value. They have other cryptos to use as well. The whole crypto market is being adopted in real time. Your fartcoin missed the boat. Now stop.

[Anonymous No.25436837]

>>25434185
Police are fucking gay trash. Any citadel with police will become a real shithole.

[Anonymous No.25437368]

>>25434185
How much btc to make it to citadel?

[Anonymous No.25438033]

>>25433347
>got out
You mean in cash?

[Anonymous No.25438549]

>>25433347
This.