/biz/ - Business & Finance

[Anonymous No.52372437]

There are many things including many technical indicators that suggest the bottom has been reached. There's only a few things, very few, which suggest the bottom hasn't been reached. In other words 92% of indicators (whether technical or other kinds), suggest the bottom has been reached. Which is one of the main reasons why I think it hasn't been reached; why there's a huge dump or several huge dumps coming. It would be way "too obvious" for 15.5k to have been the bottom. It'd be too simple.

I remain bearish on BTC yet I can view the current situation objectively and see it from other perspectives and very easily see that "15.5k was the bottom". And that's what I mean, it's too easy to see that. Of course that's not the only reason why I think the bottom hasn't been reached. There are are few indicators, technical and other kinds, that very strongly suggest the bottom hasn't been reached. And my experience and intuition combined also tells me it hasn't been reached.

That said, in the very near term it's possible it may pump a bit. I'm not saying it looks like it will (from here either direction looks about equally as likely), but I wouldn't be the least bit surprised if it did. But a small pump (a few thousand) from here wouldn't change my thoughts about this.

[Anonymous No.52372459]

>>52372437
we had a good run bobro

[Anonymous No.52372468]

The bottomline is it's too soon for a new bullrun. We need a new generation of suckers that will buy our ponzi

[Anonymous No.52372868]

It’s three months for an absolute bottom struggle. We may be 1-2 months already in. You could very well be right.

[Anonymous No.52372907]

The bottom is close. We still have end of year cashout, so who knows. Most people think that the only sensible choice is to short btc.

Right now I am just stocking up on popcorn+gin&tonic's and watching this shitshow unravel

[Anonymous No.52372927]

>>52372437
>But a small pump (a few thousand) from here wouldn't change my thoughts about this.
You're right bobo, solid take. We should wait until 30k to buy just in case it dumps more.

[Anonymous No.52372931]

>>52372907
>>52372437
We are at a temporary bottom. We will now range between 16-18k. By December we will be at 12k

[Anonymous No.52372948]

2936$/BTC Q3 2023 is the bottom

[Anonymous No.52372994]

>>52372931
More US rate hikes are coming then and crypto is tied to stocks now so yeah probably accurate.

[Anonymous No.52373015]

>>52372994
I expect a bounce to maybe 19k. Seriously though, confidence has been lost, Alts are going to 0.

[Anonymous No.52373071]

this fucking thread has a stench to it so vile that i couldnt resist making my presence known here. you 2020 cucks have no idea what a bottom is. you complacent fat cunts think this is capitulation? i shit where you put your head to rest. true bottom is at 6k. screenshot this.

[Anonymous No.52373149]

>>52372948
this

[Anonymous No.52373248]

>>52372437
If the bottom is much lower than $15K, then the BTC growth model that has worked perfectly since 2010 would have to thrown out. Which is of course possible, but it would call into question everything we think we know about BTC price behavior.

[Anonymous No.52373389]

https://www.youtube.com/watch?v=Ufb70h78eO4

DOWN DOWN DOWN DOWN DOWN DOWN

SUGAR WERE GOING DOWN SWINGING

[Anonymous No.52373449]

Pull the archives up of BTC below 10k before. Screen cap posts are stale, get the actual threads out.

[Anonymous No.52373588]

>>52372437
> it can go up or down - neither would surprise me!
> t. Ben

[Anonymous No.52374120]

>>52372437
I will add that there's one technical indicator which not only suggests the bottom has been reached, but loudly screams "THE BOTTOM HAS BEEN REACHED!!". I won't name the indicator. But I'll say it's an indicator very rarely used on public charts and very rarely mentioned. You can scroll through page after page of BTCUSD charts on tradingview and you're unlikely to see anyone using it. Yet despite that, its a very important indicator. This particular indicator actually bothers me a bit, as it has never ever been wrong before. HOWEVER, it actually looks like this indicator may soon "fail" and be wrong for the first time. That would be extremely bearish -- this indicator failing would increase fear in big market movers, even cause them panic, and thereby greatly increase selling. As long as it doesn't fail, it provides them with confidence. If there weren't several things causing me to be bearish, then this indicator certainly would provide me with a lot of confidence and I'd go all in now. Instead it causes me a bit of doubt. That one alone does, nothing else. But if it fails that'll be ultra bearish and absurdly positive from a bearish point of view. And there are forces at play now which may cause it to fail.

[Anonymous No.52375255]

>>52372931
Agreed, about the temporary bottom, but 85% of 69K is $10,300.
Some the of the earlier BTC price models have to go, not applicable in a recession. I think the stock market will hammer BTC down.

[Anonymous No.52375358]

>>52374120
just name it, stop being a hairy pussy

[Anonymous No.52376192]

>>52373071
based

[Anonymous No.52378050]

>>52372948
I'm still waiting for that day, all the crap I have in dextool still looks good, too good

[Anonymous No.52379471]

>>52372948