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/biz/ - Business & Finance

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File: 65 KB, 663x1044, golden bear.png [View same] [iqdb] [saucenao] [google]
11798231 No.11798231 [Reply] [Original]

>muh ever lasting golden bear run
>bitcoin is dead and heading to zero
kek. just look at it for a second, what do you see?

>> No.11798237

>>11798231
I'm all in on xlm. I'm immune.

>> No.11798240

its fucking dead. If it breaks 5k. It will break the multi year trend line which supported the bottoms from 2012 to now . Its over. The experiment has failed

>> No.11798248
File: 54 KB, 633x758, an.jpg [View same] [iqdb] [saucenao] [google]
11798248

>>11798237
I almost did this in July when it was 18 cents. Instead I held ETH. I could have been so comfy right now.

>> No.11798249

>>11798237
good for you.
>XRP
>LINK
>XLM
are the best bets for next year. maybe ETH also.

>> No.11798250

>>11798240
This, but unironically. People love to talk about all the times people said BTC was dead and it came back. Newsflash: it actually *is* different this time.

>> No.11798258

>>11798249
ETH is fucking dead, retard. You have to be kidding me.

>> No.11798264

This is how proof of work dies.

>> No.11798275

>>11798231
post the entire chart and indicator so we can see fuckwit. what's your problem guy?

>> No.11798287

>>11798250
>>11798240
>what is bakkt

>> No.11798290

>>11798287
Bakkt better pump this shit quick or bitcoin will actually go to 0. Break 5k and its all downhill from there

>> No.11798295

Indicators don't matter once something is proven useless

>> No.11798300

>>11798287
Yet another pie-in-the-sky source of delusion.
>Muh Wallstreet Bonuses
>Muh Chinese New Year
>Muh Consensus 2018
>Muh Institutional Investors
>Muh OTC buys
>Muh ETF
>Muh Bakkt
>Muh dick

>> No.11798312

>>11798287
No one is going to buy something that can't even for three fucking days hold itself up

>> No.11798314

>>11798240
>>11798250
It won't break it. It might break it as a false sign but it wont really break it. look at the picture I provided you, its quite obvious what is going on. Don't get me wrong, I'm personally not too bullish on bitcoin long term, but as a neutral observer, this seems pretty obvious to me. 4700 is the absolute bottom, it wont go under that. the bottom will also be set during 2018. That doesn't mean we are going to see bull market for a while across the whole market. I can see bullrun happening for likes of XRP, XLM, and Link pretty soon after the bottom is in.

>> No.11798316

>>11798312
And forgot to add. Much less buy hundreds of millions of dollars worth of something that can't keep itself afloat.

We can thank for bcash kikes for also fucking over an ETF.

>> No.11798375

>>11798275
there is nothing more to see. just wanted to give all of you some food for thought. this is weekly chart and the indicator is just OBV, which is in my opinion one of the better indicators. it just reflects the distinction between smart money and retail investors. how volume flows. very simple, but often times very effective tool. for example look ETH in early 2017 or Link before they started their bull runs

>> No.11798389

>>11798375
hence it has been smart money buying during this bear

>> No.11798395

tfw the double dip is loading up the release of big-bang-bakkt.

>> No.11798408
File: 76 KB, 1080x1080, 9vaYxpN.jpg [View same] [iqdb] [saucenao] [google]
11798408

>>11798231
This anon gets it.
The pumpening wil commerce soon.

>> No.11798425

>>11798231

It is just because of thanksgiving and then Christmas and then new Chinese year and then new Persian year, otherwise we are good

>> No.11798431

>>11798425
Nah, we need new cash so this entire thing won't collapse.

>> No.11798433
File: 59 KB, 480x720, 1541723267758.jpg [View same] [iqdb] [saucenao] [google]
11798433

>>11798314
also a 9 buy on the daily in a couple days.

>> No.11798440

>>11798231
A pennant flag ending a falling wedge breaking fibonancci lines in the fifth wave. You guys a so fucked. Lolololol

>> No.11798465

>>11798375
So what happens when the obv indicator breaks the uptrend

>> No.11798518

>Sells
>Goes up the next day

I'm not falling for that one not again.

>> No.11798548
File: 250 KB, 1242x1492, BECB203D-9209-47FA-A140-A17ACCD67889.jpg [View same] [iqdb] [saucenao] [google]
11798548

Elliot waves my guy

>> No.11798569
File: 54 KB, 548x1056, Link.png [View same] [iqdb] [saucenao] [google]
11798569

>>11798465
if it starts going down significantly, it indicates that smart money is exiting the position. But it would be very odd if that happened now. The thing is that OBV is just good tool to recognize who is buying/selling by spotting divergence between price action and the indicator.

Here is an example. its link weekly chart. you can see that there is clearly accumulation happening during the downtrend. once the accumulation is done, there comes reversal and very strong uptrend. It obviously works another way around to see when smart money starts distributing their positions to retail investors. thats usually when /biz/ buys in.

>> No.11798611
File: 14 KB, 177x189, 1.jpg [View same] [iqdb] [saucenao] [google]
11798611

>>11798548
>100k By end of 2018

>> No.11798649

What if bakkt opens and it doesn’t change the price at all , and no volume comes in still. Would you agree crypto truly is dead then?

>> No.11798669
File: 165 KB, 1408x1053, 8C75DF8F-4F85-4EEF-A93F-15429963DCD4.jpg [View same] [iqdb] [saucenao] [google]
11798669

>>11798611
Yep. This guy predicted it. He unironically looks like that.

>> No.11798692

>>11798264
with thunderous applause

>> No.11798705

>>11798649
I don't expect that to reflect in the prices at all in the short term.