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6961  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2019, 04:25:16 PM


let me start and finish by saying that i don't have the time to read a wall of text that has probably nothing new for me to learn, tho your efforts are appreciated regardless of what are you trying to accomplish , sorry nothing personal tho  Grin




back to TA


 Guy's don't FOMO , you are likely going to get burned, if you haven't bought the breakout at 3700$ then it could be a bit too late now.

if you are a long term Hodler, this is not for you , if you are trying to make any sort of profit trading, you need to stop listening to the moon boys and learn how to trade, we are in a down trend, chasing green candles is going to get you burned.

it took only 4 hours to wipe out 6 days of gains, while i do believe we have already bottomed, but for the short term, it's always safer to short,
the low 3k is officially a bull-zone for now , the low to mid 4k is a bear-zone, you should avoid selling at low to mid 3k as well as avoid buying at 4 to 4.5k area.

should price break above and we see a daily close above Nov 29th high which is 4430$ on BTCUSDT binance chart, then it's safe to long bitcoin, should the price break the low of of Dec 15th, it will collapse, and therefore the right thing to do by then is to short the hell out of btc.

as for now , this is the only valid channel/area , until we create a new Higher High or Lower Low then attempting to chase price out of this area is nothing but a desperate trial of beating the odds.

trade safe everybody.



6962  Economy / Reputation / Re: Known Alts of any-one - A User Generated List Mk III (2019 Q1) on: February 24, 2019, 02:14:52 AM
Hmm. Interesting. Now there's three people who have all misread my post.

when i first read it, i thought you were indicating that Lafu is darkstar's alt, but i ignored that theory, so perhaps you wanna be more direct
6963  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2019, 02:08:14 AM

lol that's indeed a terrible typo, but think about it, doesn't a ticker on skin seem like a good idea?
6964  Economy / Speculation / Re: Yet another worse scenario a head of BTC on: February 24, 2019, 02:05:33 AM

you are right, at this moment , almost everything points out to the end to this bear market, the bigger picture suggest so> https://bitcointalk.org/index.php?topic=5088650.0  but it's wiser to be prepared for when things go south.



6965  Economy / Speculation / Re: Bitcoin Bottomed out ? TA analysis. on: February 24, 2019, 02:01:31 AM

The question is, did you sell your entire stash and re-buy it at the bottom ? That would be the measure of "faith in TA"  Wink

sold everything at the break down from 5700$ , but did i go all in  at the exact bottom? indeed not,  this is not how trading work, you short and long bitcoin to generate more btc whenever the chance presents itself, i do not care where the bottom is, it's irrelevant, i would buy more btc if we go above 6k than if we head to 3k , for a hodler, it's stupid , for a trader it makes sense that you follow the trend.  these are two different things that you shouldn't be mixing together.
6966  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2019, 01:45:43 AM

ok i am sorry for being realistic, i know the crowd wants moon memes and "buy now before it's too late" b.s , it makes them happy because sadly the majority of them bought btc at higher price.

the purpose of my post was a simple clear warning for those who have been losing money from day 1 in bitcoin listening to moon boys who keep encouraging them to buy btc at every level telling them " this time is different."

i am not sure how you ended up analyzing my words, but if you felt that i was disrespecting anyone then you probably need to grow a thicker skin.

i spend the time and effort to educate the noobs and i am not even wearing a signature , doing this for absolutely free, and taking the risk of going against the wind by telling them something they don't want to hear, and getting all type of b.s replies (not yours, yours is perfectly fine).

but if you have a problem with how i express my thoughts on the market, feel free to put me on ignore.

6967  Economy / Reputation / Re: Known Alts of any-one - A User Generated List Mk III (2019 Q1) on: February 24, 2019, 01:31:37 AM
Loyce how is two alts giving one UID positive DT trust any different than two alts being in the same signature campaign?

 2 alts in the same campaign goes against campaign rules aka cheating.

trusting your own account "yourself" is not against any rules.

if i had an alt, i would have that account on my trust list for many reasons, one reason is that,  if i happen to tag a scammer with my alt , the moment i use my main account i want that tag to be seen by me.

i would also give it a feedback to confirm that it's my account so those who trust me on my main account would trust me with my alt.

it's like having two mobile phones for two different purposes but synchronizing contacts.

* i don't know darkstar, never talked to him, not defending him , but the dead horse you beating this time had enough and i had to save it.

6968  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2019, 12:58:57 AM
We can call the bear line irrelevant after we cross it, and even then it should provide support

that's not what i mean, there is no "proper" trend line that you can draw from 19k, unless you going to take it from ATH all the way down to 6500k , ignoring all previous highs, such trend is week/irrelevant.

 the only valid trend line with 4 points is the one from Feb 2018 at 11930 connecting 10120 , 8400 and 6500. refer to the image above.
6969  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2019, 12:26:33 AM
There is nothing wrong with trading BTC, and even employing margin (which is more risky than merely HODLing and accumulating), but if you start to make claims that diss on BTC HODLers and those who don't sell their BTC and merely buy BTC on dips or dollar cost average into BTC, then you have gone a step too far.  

There is nothing wrong with hodling for those who don't know how to trade, in fact if you are hodling long term it makes sense to buy at any price, whatever you pay now, you will surely be able profit from 3 years from now.

but not everyone is a good hodler, many people sold btc at 3200$ thinking it was going to collapse, and they will FOMO and buy now, and when the price moves lower they will sell again, i mean think about it, if only a handful of people are making money trading, then the majority are losing money, i never diss btc hodlers, i diss amateur traders who chase a large green candle thinking we going to the moon.

Wow wow wow what do we have here .... Nostra-freaking-damus everybody saw your prediction but nobody sold because we're not selling on the way down dude. Go look for some weak hands in other threads...  Cool

another moon boy who missed a 50% discount on BTC  Grin








my major concern is the upcoming resistance at 4500$ area, we have got the 20MA on the weekly which has been holding strong for months, also marks the wick we made on Nov 2018 , and the RSI is facing a major resistance too, let alone the death cross that's about to happen on 50 and 100 SMA's as well as the trend resistance from Feb 2018 , all these reasons suggest that this rally won't be testing upper 6k not even 5k, i guess mid 4k is it for this one.

by the way i am interested in seeing how you draw that trend from ATH as it seems a bit irreverent to me now, the only trend line that makes sense is the one that has Feb 2018 high as it's base " green in chart".

nice TA btw, it's good to see some TAs here rather than lambo dreams.




6970  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2019, 09:54:49 PM
I am feeling more and more confident that the low we seen in December of 2018 was the bottom. Maybe even up to and over 51% now. The next major milestone is when and where we deal with this overall downtrend line from the ATH.

I do think so too, that charts say so, but i don't think this is the rally we waiting for.

before you start reading. if you think TA is useless, gtfo now because this is going to be painful to read.

if you believe in TA and history repeating itself on the chart, jump in this could be very interesting.


I made a few posts regarding Bitcoin price prediction, with no bragging what so ever, i managed to sell before the collapse, re-bought very close to the last low, thanks to TA ( this line goes to those who say TA is bullshit but didn't gtfo  Grin ) > https://bitcointalk.org/index.php?topic=5071613.100

-------------------------------------------------

Ok b.s aside  let us first start with analyzing the big picture of bitcoin, and why do i think that we have either bottomed out or just about to bottom out.

I will be combining a few a technical views, some of which i have mentioned before.

1- 50 Moving Average on the monthly chart.



the chart you looking at is the BLX, it has the longest data you can possibly find, the first candle goes to first of July 2010.

looking at the chart, we can clearly see that the 50 MA was never closed below and price did have a wick going under but not a single monthly close below.

while the current monthly candle have not really touched the MA which is why i think we could possible have make another slightly lower low with a wick that can go to as low as 2000$ but the monthly candle has to close above 2900$ for this 50 moving average to be valid.

2- 200 Moving Average on the weekly chart



almost the same look of the monthly 50 MA, except that on this weekly chart we did actually touch the 200MA and bounce right of it, you can also see that the 200 weekly moving average has never had a single weekly close below it, price did have a wick but not a close, and this suggest that if we were going to go down again to touch the monthly 50 moving on the monthly then price will come up fast enough before a weekly close.

3- The 2800-3100 is a major support/resistance level.



this price level has acted as both support and resistance level for about 105 days during last year. for 105 days it was the only critical line on site level that traders had their buys and sells around, it held the almost 35% drop in Aug 2017 and price surged from there.

 many traders have been setting their long positions at around the area, which justifies the recent pump, as many traders think that we bottomed out and are trying to enter as early as the can.

4- The Stotcastic RSI on the monthly chart



 the Stochastic RSI is at as low as the bottom of 2014 ranging at around 0.24 , while we still need to see a cross to confirm the start of an up trend , and since is is a monthly chart so another 500-1000$ drop from the latest low won't have much of an impact on the monthly layout which indicates an over sold market that is ready to change bullish.


5- The RSI on the monthly chart




The current value of the RSI is 45 while the last bear market had a bottomed out at 44, this only indicates that there is no much room for more dips, and the bottom should be there or just around the corner.


6- The ichimoku cloud on the weekly chart

 

sorry about the dark black ground on this one.

nothing much to say about this, it's clear that every time the red cloud appears, the bear market get's closer to end.


7- The lack of support below this level.



The bulls know for sure this support is a do or die, as we certainly have no sort of support below this until 900-1100$ , with only a minor weak support that has been tested only once, technically that support line is as good as not there, therefore the need for defending this area and to never have a weekly candle close below 2900 is very important for the bulls.

-----------------------------------------------------------------


Now giving the fact that these analysis are based on large time frames, so the results will only confirm in months from now, saying we could have bottomed out does not mean you look at the hourly chart and say why are we dropping , the chart on the small time frame still looks as bearish as hell, so if you are a day trader then you should be following the current trend to place your positions, but if you are a long term trader then you should be only using any potential dip to buy so you can level up a good average price of your holdings.

it makes 0 sense to sell now if you are planning to hold for so long, i expect the price to test the 5k region and then make another leg down, this can be a good change to short and then to re enter the sub 3k as most likely every bottom has to be tested twice before making a V shape to the upside.

also keep in mind that the end of bearish trend does not mean the start of a bull run, it usually means a few months of consolidation between the bottom and the last high of the last leg down , which in our case if we were to assume 3k to be the bottom then the siedways market will be between 6k and 3k which can last from a few months to a whole a year before breaking the 6k and going on a bull run that will mark new ATHs.

long story short, buy around 3k , sell around 6k  until once of those levels are broken then you act accordingly. if you don't know how to trade,and you failed to sell at 5.7k then don't sell now, the room to the upside now is more than that to the downside.

This is not a financial advice, trade safe. follow the trend.




6971  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2019, 09:42:26 PM
Regarding the bolded - I’ve seen nobody claim anything like that buddy. Nothing wrong with a bit of HOPIUM & people being happy about a pump though. It’s nice to feel a pulse every now & then Wink

they don't have to say it, i am pretty sure most noobs feel this way every time btc pumps, tho i am sure many of them have said it somewhere, i don't have the time to dig for such moon posts, to me, there is everything wrong with being happy about a pump like that, i trade the market in "calm" mode, take my profit and gtfu, but if you want to throw a party for this pump i don't mind attending, and i promise i won't be a "party pooper"  Grin
6972  Other / Meta / Re: Distribution of Merit on: February 23, 2019, 09:34:03 PM
Merit is like mining, the more they worth, they more people want them, the more people want them the harder they become, you need to increase your post quality. if you think that any of your "good" posts went unmerited , post them here  > https://bitcointalk.org/index.php?topic=5093271.0  i will be the first to merit them, however if they are the average joe's post then you are unlikely going to get any merit.
6973  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2019, 09:20:43 PM
thanks for the TA but ... party pooper Smiley

tried tell the forum members to short at 5700 last Nov, but they thought i was a "party pooper and fud spreader" Grin , but if you think this is the rally that is going to take us to ATH, be my guest, take my BTC give me your cash  Grin
6974  Local / العربية (Arabic) / Re: مقترح: انشاء المزيد من الاقسام on: February 23, 2019, 09:16:13 PM
و بما أن المشرف على القسم العربي تقريبا غائب تماما فسأحوصل له ما نريد القيام به و ارسله له مباشرة.

اعتقد ان المشرف لا يملك صلاحيات تعديل الاقسام , يجب وضع الاقتراح في قسم Meta ومن ثم يجب دعمه من قبل الاعضاء العرب, استطيع طرح موضوعك في القسم المذكور عند قيامك باقتراح نهائي , لكن تاكد تماما ان theymos لا يحب ان يكتر من الاقسام, يعني يجب ان يكون المقترح "منطقيا".


الاقسام التي اقترحها هي

1- التعدين

2- السوق

مبدئيا لا داعي لتفريع الاقسام يكفي فقط وجودها.



امكانية الاعتماد علي نظام الثقة لاجراء تلك المعاملات خصوصا وان بعض الاعضاء بهذا المنتدي "DT members" لذلك سيكون من السهل التحقق من حالات الغش والتحذير منها

لا اعتقد انه هناك عدد كافي من DT members هنا, لكن بالنسبة لي ساقوم بواجبي تجاه القسم العربي ولكن لا بد من مساعدة الاعضاء الاخرين فانا لا املك الوقت ولا الامكانيات لتحقق من كل شي يتم عرضه في السوق, ولكن في حال تطلب الامر ساحاول اضافة شخص او اتنين من الاخوة الموتوق بهم لقائمة DT لكي نسيطر على محاولات النصب والغش.


6975  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2019, 08:54:00 PM
  Guy's don't FOMO , you are likely going to get burned, if you haven't bought the breakout at 3700$ then it could be a bit too late now.

Major resistance at 4350-4450 , we are very likely to bounce back from there.

6976  Economy / Reputation / Re: Abuse due to revenge? on: February 23, 2019, 01:11:27 AM
(I assume people do not mind to send shit tokens to frame but they are not going to spend a good amount of money to frame others.)

imagine someone sends you 100BTC to accuse you for breaking campaign rules? isn't it lovely  Roll Eyes
6977  Other / Meta / Re: Citing reference sources properly on: February 23, 2019, 01:09:11 AM
if you are writing a white paper or any paper for that matter, then forum format of quoting and citing is not for you.

you don't copy-paste a whole text in a paper and then simply reference it, it will look unprofessional.

what you need to do is somehow paraphrase it and then cite it, without having to use the quotation mark.

if you look at "Bitcoin: A Peer-to-Peer Electronic Cash System" paper > https://bitcoin.org/bitcoin.pdf

notice how he used this reference > http://www.weidai.com/bmoney.txt  on the second page , but you can't find the exact text on the  reference, however the idea or the theory is there.

so what you basically need to do is ,use numbering like [1] after a paragraph / sentence which you used , and then at the bottom of the paper add those references.

you could still copy-paste exact text, put it in a double quotation format but you will still have to include the references with the same format as explained above.

you can also get some more information here  > https://libraryguides.lanecc.edu/c.php?g=391383&p=2658142
6978  Other / Meta / Re: Suggestion: Replace avatars of banned members on: February 23, 2019, 12:51:03 AM
 I second that , or maybe they should be put up for ads auction ? just some extra income for the forum for a rainy day  Grin
6979  Other / Meta / Re: [Proposal] Enhance the requirements for ranking up to Member position on: February 23, 2019, 12:44:30 AM
In addition, if Members are rewarded with 1 stake in the signature campaigns, Full Members are typically rewarded only with 1.5 or 2 stakes. Account farmers take this disproportion into consideration and send exactly 10 merits to the alt accounts they farm.

if a member who earned 100 merit is awarded for much less than a legendary who never earned a single merit, then the problem seems to be a bit larger to be solved by increasing 10 merit requirement to 20 merit.

you are also ignoring the fact that there are many legit members who still at ranks of members or full member but have more merit than most Sr / Hero / Legendary members, your proposal is a good one , but you can't solve a problem only to create another problem. by applying your solution, you will simply give a lead to those shit-posters of higher ranks plus creating a higher demand for merit, some shitposters might try hard to get 10 merit, but if they have to get 20 they will look for shortcuts.

6980  Other / Meta / Re: [UPDATED February 16] LoyceV's Trust list viewer on: February 23, 2019, 12:28:57 AM
but why would d_eddie  ever really distrust me? Roll Eyes
he won something and got paid by me .... (or maybe i did something else wrong never know of-course)

I don't think he distrusts you, he might trust you, but distrust your judgments, or distrust people that you trust. if they distrust you based on being untrustworthy or not , they would have given you a negative feedback. and of course it could be due to any other reason they see fit, bottom line is - you shouldn't really give a fudge.
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