/biz/ - Business & Finance

>>15721680
look at the top holders of any crypto, of they are unanimously buying (80%+ are buying) you buy and the inverse is true as well

>>15721774
But everyone is selling. This makes no sense.

>>15721787
>everyone is selling
Why isn't the price sub $1000? Oh yeah cause some whales are holding and probably slowly accumulating or waiting right now.

>>15721811
But it seems like we were in a bear market rally. Its so depressing right now. If the whales really wanted it to go up then why wont they do it?

>>15721825
they want to get the best deal for when they buy in

>>15721680
If you were smart you would have bought between $3-5k. Right now you're in the non-ideal re-accumulation zone. When the halvening hits that's when things will lift off and nobody knows where it will go when that happens, anyone promising you more than this is lying to you unless something major ACTUALLY happens for once like the genesis wallet coins being moved

>>15721787
BTC, XRP and ETH are all 75%+ buying right now. I didn’t say “everyone” I said “top holders”

>>15721848
Your pretty boxes dont really convince me. The market looks like its about to tank.

>>15721865
Ok then don't put any money in what the fuck do you want? You going to sit here and bitch about it going down and then fomo in like a retard when it eventually shoots back up?

Make a decision or don't, no anons here give a fuck what you do with your money unless it's in their interests for you to do so. Maybe think about that the next time you see the catalog filled with bear threads. Want to know how they make their money? Getting people like you to panic sell and fill their shorts, which they then proceed to open longs on.

>>15721889
But it looks clearly like a bear market rally? How can I believe you when it looks more and more like there are going to be new lows? Why waste my money on hopium?

Just buy at the bottom and sell when price is higher

>>15721889
>thinking biz has any effect on the market

The absolute state of this board.

>>15721905
Did you read anything I said? I do not care if you put your money into BTC now or ever. You asked a question and I answered, what you're looking for is confirmation either that or you're a bear attention whoring. I can't predict the future, and I just showed you a chart with the closest to date market prediction which gives you an idea of past repeat market cycles. I'm not a TA meme line nigger, I have better things to do with my life like replying to people who don't actually read or comprehend what I say on the internet. This is all I have for you, and that's the most accurate information you're going to get.

You can either look at reality and gamble on whether or not the same cycle that's happened 3 times in the past and is 1/3rd into the 4th cycle will continue to complete a 4th, or you can wait for some other asshat to tell you "yup definitely a bear market lel" and sit on your ass. Your choice

>>15721945
Are by chance brain dead? I didn't say /biz/ affected the market, I said bears have an interest in people selling. Do you think that shorts are magically filled out of nowhere?

Do you even know what a short is in the first place? You're right, the absolute state of this board when retards like you can't comprehend basic fucking english. This thread is fucking gay, enjoy the pic

>>15721946
OP stop arguing with people like him. He clearly knows nothing about this market and is being arrogant with you.

Rebuy around $5500 - $6000 mark my words.

>>15721946
Why are you so angry over a question?

It LOOKS like it is going to crash again? This interpretation is based on what exactly?

>>15722005
A massive dump that is creating a bear flag. It looks disastrous for bitcoin.

>>15721998
To be honest, it's refreshing to see an anon being honest instead of all the shitty liez I've seen here the past year. I've been scrolling biz since the Chain link ICO and even tho anons were trying to scam your ass with shit coins, there were always some good gem threads with valuable info. Right now it's literally cancer. Appreciate his honest view, he has no benefit of explaining you this.

>>15722019
Oh for fucks sake what are you looking at the 1minute charts?

BUDH IT LUK LYK BAYRE GUUUUUUUUUUUUUUUUUUUUH

>>15722028
This is a correction. Unless 6k breaks this is literally the healthiest move for bitcoin. Why am i even wasting my time

>>15722028
>1 minute charts
Why do you people say this to mock others? Its clear if you look on an hourly chart, but you can go out to the 4H or 1D and its still the same. Why do you have to misrepresent things in order to mock real concerns?

why are people still going for btc? choose low market cap hidden gems. I recently discovered Stegos - privacy platform which has already launched working producr

>>15722059
Look at 1W and shut up

Honestly if you haven't figured it out by now you are not gonna make it. Go back to penny stocks or whatever

>>15722084
Always moving the goal posts. How do you think this adds more trust?

>>15722074
Low market cap hidden gems are mostly just forks of established projects that claim to be able to solve the problems even the best of the best have been unable to solve. Only good for pump and dumps. Too high risk for me, but go for it if that is your thing

>>15722099
What are you even talking about lol
What goal

1w literally overbought since 14k
Oversold will be around 8-6k

I know you are baiting me at this point but screw it you win. I replied.

You can day trade btc if you want but going against what 1w tells you, you will fucking rekt

>>15721680
Just buy

>>15722115
But things were constantly "oversold" during 2018. Of course the indicators say that, but it seems like we were in a bear market rally that is burning back to the bear side. Thats not to say its true, its just that is impossible to be optimistic about this situation after the formation collapse.

>>15722141
You obviously can't read charts

>>15722160
That seems like a weak response.

>>15722205
Kys faggot, stay poor

Unironically

>>15722141
>to be optimistic about this situation after the formation collapse.
looks like we are in disbelief

>>15722074
because practically everything else is a shitcoin

>>15721680
You can ignore the fact that it's intrinsically worthless and useless as a currency, and instead focus on the potential short term gains.

>>15722115
>1w is oversold
Absolutely too early to say, we been down here for 1 day

>>15722350
Read my comment again and process what i said in your mouse brain

>>15722389
Oh right youre predicitng when it will be oversold. Thats worse

>>15722476
I have been doing this since you were in preschool

>>15722496
I truly believe you are a boomer

>>15721680
The answer is to remember pic related

>>15721774
where are you able to see this? (that top 80% are buying)

>>15721680
The 10k support is broken. It's likely that it's going to crash further. This is like the repeat of the late 2018 crash when support broke at 6k.

>>15722811
in his ass

>>15721774
Are they now?

>>15723020
>coinfarm
all spoofed, just look at the "open positions" above 100k size, they are bullshit

>>15722084
What do you think about the weekly is so good? Someone compared it to pic related, with us being at complacency, and that 2017 was primarily caused by cboe in June and cme in August and had little to do with the halving/fundamentals. In that context the weekly doesn't look great and I can't unsee it now. I hope we're in for another repeating cycle, but I fear too many people hope the same and that's why it won't happen

>>15722811

coinbase gives that info- currently 76% buying, 24% selling over last 24 hours.

anyway just want to say a lot of cunts up itt are looking for a right good crack in the knackers.

>>15723261
Literally a handful of people believe bitcoin will moon from here. Most people, yourself, included don't think it will. Won't be long now before the media starts a shitstorm. When your mom sells it will be at 6k and we can finally move to the next ath before halving

Fuck you

>>15723373
Don't fuck me fuck you, I have a couple BTC and £15k ready to buy when the knife stops falling

You don't present a convincing counter argument to the idea that this was one huge 2-year dotcom-esque bubble (with alts getting pumped left and right just because they had buzzwords in their white paper) and that we're about to enter crypto winter though

>>15723402
Fuck you nigger stay poor kys fagit

>>15723273
Whales dont buy on coinbase.

>>15723426
High IQ logic and reasoning
>>15723402
He's got you there anon ngl

>>15723426
>>15723466
Clearly the biggest brain of us all, backed up by your dubs what more can I say

probably gonna dump again past the lows and then go a little way then wait for all the panic shorters to enter then pump to higher than 50% of the fall just long enough for longs to enter then it will dump but leave a higher low then go bullish from there. the maximum pain to the maximum amount of people scenario is always the most likely.

>>15721848
>logarithmic chart
Not today you cheeky jew, not today!

>>15722115
This anon knows. $6.8-7.5k is what I’m expecting as the low of this 5-wave move from $10.3k. First I think we test $9k before coming down to take the final target.

To those who are hesitant on buying this dip, stay poor.