Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[ChartBuddy]

Coin
Explanation

[DeadCoin]

'Deadcoin' an account registered for the sole purpose of spreading FUD and posting negatively about bitcoin on a bitcoin enthusiast forum. The alt of someone who comes out to bash bitcoin when the price isn't rising. Keep saying nasty things to me - I really value your opinion about what do with my money ha

Oh and when you dig up a post constituting trading advice from me then you can proudly display it here

Edit: off out for the weekend..good luck moving the price lower!

I didn't say nasty things to you, just quoted you to make people aware whose advice they're taking.

Thank you for providing liquidity and injecting your fiat into this naturally occurring ponzi scheme. Bitcoin needs people like you (suckers).

[Sitarow]

[Andre#]

When the blue/yellow lines cross, prepare for another nose dive...

These lines are moving averages that are incorrectly shifted to the right. If you want to look at crossings, they should be put in the graph at the proper place in time.

I mean, its just a pattern I recognized. I admit I'm no day trader, but it doesn't take a pro to see some patterns and trends forming.

What do you mean they are incorrectly shifted to the right? How do I properly place it in the graph on bitcoinwisdom?  Thanks a lot.

Suppose you have a 9 day moving average in a daily chart, you average over nine days of which one is today, then 4 days are past and 4 days are yet to come. So you cannot know the 9-day moving average of today until 4 days from now. Hence the 9-day moving average can only be drawn into the chart up to 4 days ago. All those nice chart tools ignore this, and put the data point on today instead of 5 days ago. You can actually see this easily in the chart, as the line clearly lags behind the un-averaged data.

Conclusion, a 9-day average lags behind 4 days, and a 5 days average lags behind 2 days. Therefor, you can't compare them meaningfully unless you shift them to the right place in time (so 4 days to the left for the 9-day average, and 2 days to the left for the 5-day average).

I looked if you can shift the moving average lines to their proper place in bitcoinwisdom, but didn't find such option, unfortunately.

[BlackSpidy]

I'm calling it, we've got less than a week under $300 left. Why I dont know, that's just how I  ... feel the price is gonna go, I dont think we're gonna pierce $330 in any permanent way this month.

[bitcoinvest]

weekends always goes like that and trolls doing their best
we all know where the price is going to go! UP!!

i believe you heard about bitcoin startup with Qualcomm being involved....


EDIT: link https://21.co/

[bad trader]

So, you are saying we are going down? I'm not even trying to figure out the charts, I'll just go by the username.

[ChartBuddy]

Coin
Explanation

[Sitarow]

[bad trader]

OKCoin has been hugging an upward trend line. That's bearish, but it could be just a weekend thing.



We could crash to the lower line, which I suspect might be less solid, because it has been tested less.

Or we could go up, because whatever.

Edit: Oops.. fixed the chart to what I intended to draw.

[SkyValeey]

If we reach 1800-1850 and stay at this level @Monday, this would be bullish for next week imho...

[ErisDiscordia]

Gentlemen. 
To my dismay, I find myself not chilling on a well-tended tropical moonbeach, moondrink in hand, surrounded by luxury & adoring moonbabes.
What's going on???

"The bitcoiners kept touching me."

did NLC buy your account or what?

[BlackSpidy]

did NLC buy your account or what?

I know, right? Oh, well. Another account on the ignore bin.

[bri912678]

So, you are saying we are going down? I'm not even trying to figure out the charts, I'll just go by the username.

This post suggests Wandererfromthenorth thinks it's going to get worse before it gets better. Most of the chart guys are talking about it going down.

......


A lot of people think that capitulation bottom --> insant new bull market to new highs.
That's not necessarily the case.

Personally I don't think that was the capitulation bottom, but even if it was, that doesn't necessarily imply that new bubbles are coming...

[ChartBuddy]

Coin
Explanation

[bad trader]

This post suggests Wandererfromthenorth thinks it's going to get worse before it gets better. Most of the chart guys are talking about it going down.

To my recollection Wandererfromthenorth has been consistently bearish, maybe not quite a permabear, but fairly permabearish anyway.

[JimboToronto]

Good morning Bitcoinland.

Up a little overnight I see, but not enough to rain on the teddy trolls' picnic.

Yesterday's dip seems to have gotten them all out from their home at the dump after a period of hibernation.

So predictable. $10 drop and it's the end of Bitcoin all over again. LOL.

[ChartBuddy]

Coin
Explanation

[damiano]

Spread of quarterly futures vs index price vs bitfinex is insane

[podyx]

Spread of quarterly futures vs index price vs bitfinex is insane

Spread has been much higher in climax sitautions