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7561381 No.7561381 [Reply] [Original]

Shorting Bitcoin 5x, easiest money in my life

>> No.7561405

>>7561381
are you sure?
did tone vays tell you that?
how can you be sure if not, daddy tone has to tell you before we can be sure.

>> No.7561445

>>7561405
I've been playing forex for years nigga, I know a head and shoulders when I see one and this is extremely obvious, 100% chance thousands of other traders are seeing it right now

>> No.7561512

>>7561445
All the better when a whale smashes through the shoulder and everyone panic buys

>> No.7561585

>>7561445
Do you know how many dipshits just like you have been BTFO'd by head and shoulders on bitcoin? Just zoom out big guy.

>> No.7561586

I told people but they all get butthurt and bash TA
Its pretty obvious too, its not some crystal ball or anything but a good indicator

>> No.7561629

>>7561445
>implying nobody would think of abusing the fact that everybody behaves like monkeys following random TA/astrology schemes
>obviously never happened before that some whale forced thousands of TA monkeys to FOMO buy when he breaks shoulders

>> No.7561680

>>7561586
TA doesn't work in a 4d chess market where everything revolves around hype, fomo/panic and single individuals abusing this, causing strong price increases/drops when they have enough money

>> No.7561732

TA is useless when dealing with things that are still in their R&D phase.

>> No.7561865

>>7561680
ta is the only thing that works in purely speculative market because there is nothing else to rely on
all fud\fomo is just informational noise that might influence the pace, but not general direction

>> No.7561894

>>7561381
Same tactic but 4x

>> No.7561906

>>7561865
no because of those things it does not work
your fucking meme lines fail 50% of the time, so it is not something that you rely on.

>> No.7561941
File: 717 KB, 1000x581, boggy.png [View same] [iqdb] [saucenao] [google]
7561941

>>7561381
> They think the head and shoulders is going to break down.

> Fuck them with a big green dildo.

>> No.7561953

>>7561381
>5x
I'm 25x nigga you need to step it up

>> No.7561973

>>7561865
>what is mass psychology
>what is market sentiment

>> No.7561990
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7561990

>>7561512
>>7561585
>>7561629
>please, please, please nobody ever imply the price of bitcoin might go down for one second

>> No.7561999

>>7561680
this

BTC is driven around month-year long phases, not TA.

>> No.7562020

>>7561381
I'm going 100x you fucking pussies.

I encourage you all to short 100x too. It's a good idea trust me.

>> No.7562124

>>7561894
Although head and shoulders is a stupid meme. I'm shorting because of obviously decreasing demand. Usually any green candle makes people buy, but now the snowball just does not roll. Like now: We saw a big green candle and of course some newfags went and bought the top of it, but after that it just stays stagnant or returns back down.

>> No.7562197

>>7561629
How the fuck would you "abuse" everyone going short? By going against the current? You don't know what you're talking about son, enjoy getting rekt

>> No.7562289

>>7562197
If you have a huge amount of capital you can buy through the book causing a cascade of liquidations.

>> No.7562362

How much has OP lost already

>> No.7562496
File: 11 KB, 264x265, MUH.png [View same] [iqdb] [saucenao] [google]
7562496

>>7561381
Muh head and shoulders

>> No.7562532
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7562532

Getting a little sweaty now huh OP

>> No.7562543
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7562543

>>7562496
> YO DAWG

>> No.7562574

>>7562362
his house probably

>> No.7562581

>>7562362
He's been liquidated by now.

Fucking kek

>> No.7562669

>>7562581
Not liquidated. I stand by my trade, it's going down
RSI > 80, 9 candle on the 5min, this shit is going down

>> No.7562708

>>7562669
what if it does a v-jello in the upper bracket of the space cannon?

>> No.7562718
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7562718

>>7562669
>he doesn't know

>> No.7562723

>>7562496
>>7562543
Not head and shoulders.

>> No.7562739

>>7562723
They're both definitely inverse head and shoulders mate.

>> No.7562764
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7562764

>meanwhile in OP house
>it's going down guiyz , right guuyz ?

>> No.7562817
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7562817

>>7561445
>forex trader
>day trading cryptos
>not following HODL religion
niga you lost

>> No.7562854

You're only supposed to enter the trade when the formation is complete OP. It's what happens after the formation that gives you profit. Don't enter the trade while the formation is still under construction because anything can happen. Whales often try to disrupt them, even taking a loss to do so, because it gives them more profit down the line.

>> No.7562977
File: 37 KB, 300x250, Y463ekbgFQ-6.png [View same] [iqdb] [saucenao] [google]
7562977

>>7562854
Fuck you're right. I got greedy and liquidated like a bitch. Fuck crypto and fml

>> No.7562988

>>7561381
wrong

>> No.7563039

>>7561381
Hope you shorted it, btc is currently doing a ABC correction which will then look to break out again.

Might still form head n shoulders but thats why you wait for the neck line.

>> No.7563089

>>7563039
yeah in the long run I'm sure it will, but I got margin called lol 3k lost gonna get drunk to forget about this

>> No.7563250
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7563250

>>7563089
>liquidate him then dump it

>> No.7563524

>>7561381

beware of hidden sell/buy walls to trick noobs ...

>> No.7563618

looks like inverse head and shoulders to me, zoom out

>> No.7563656

>>7561381

>3 day stochrsi starting to turn up
>pretty much at 200dma support
>at the .618 fib of this entire move from 150-20k

Lmao enjoy liquidation

>> No.7563694
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7563694

>>7562977
So you got rekt but at least you got some nice digits

>> No.7563702

>>7563656
Can someone explain to me what's so special about fibonacci numbers and the golden ratio with respect to finance? The golden ratio isn't even all that mathematically significant, and it's certainly not more aesthetically appealing that say 1:1.5

>> No.7563733

TA is fucking useless. Literally what's the percentage of TA that actually successfully predict market movements. I will venture to say less than 10% accurate. Otherwise you'd have NEETs consistently posting "REE I TOLD YOU SO LOOK AT THESE COMPLETELY ARBITRARY MEMELINES I DREW"

Fucking kill yourselves. We're never going to 20k.

>> No.7563738

>>7562854
You're an idiot. you know how many times formations complete and end up being a false flag? The key is to get into them while their forming, in the direction that the price is going according to that formation, and set a tight stop in case it doesnt go that way.

>> No.7563780

>>7563702
They say the ratios can be used to predict how far a stock or whatever will pull back after hitting an ATH etc, fibonacci retracement it's called.

>> No.7563815

>>7563780
Yes but why those particular ratios?

>> No.7563832

>>7563702
elliott wave theory, go to page 51 in this pdf and read

http://0601.nccdn.net/1_5/315/3cd/30c/A.J.-Frost--Robert-Prechter---Elliott-Wave-Principle.pdf

>> No.7563862

>>7561445
Then you should know it's inverse dumb ass

>> No.7563929

>>7563832
See, here's where you lose me
Page 59 and 60 shows a bunch of pinecones and hurricanes, all of which don't approximate the golden ratio by any means. They just as easily could be fit to an Archimedean spiral or Euler spiral. This is considered bunk by mathematicians, it's "pop-math"

>> No.7563990

>>7563832
Reading further, this reads like a brochure for a cult. Misquoting Einstein, referencing god and a natural order, it's nonsense. If someone tried to talk about this stuff in front of me or any of my colleagues they would be laughed out of the room.

>> No.7564140

>>7563832
>>7563990

Holy shit. No technically proficient person would ever take that shit seriously.

However, if enough idiots believe it, the signal might be there. I'm talking purely from a machine learning / feature extraction perspective since that's my background

>> No.7564208

ITT op gets btfo just like everyone else trying to short Btc. Hodl is a meme for a reason

>> No.7564269

>>7564140
This, the idea that TA is self fulfilling is not a meme. It has a particularly poor track record in crypto though.

>> No.7564310

>>7561445
Yes, but it has to break then not reverse. Every man and his dogg could see the recent euro monster, which is probably why it failed.