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

[noobtrader]

Next step is $500, what do you think ?
Is it possible?

target is 400 at christmas before it take off

[1714503933]

1714503933

[brg444]

And china shit theirs pants It was foreseeable

Was it China? It looks to me like the heavy volume during the dump was on the USD exchanges (well, stamp and finex) - on the CNY exchanges volume didn't seem to change during the dump.

It's probably just Christmas. I've been waiting for the price to climb as high as it can before about the 20th so I can sell and use any realized profit for presents. I expect small batches of sell offs between now and the 24th on USD exchanges will continue to happen as people find things they want to give as gifts.

Christmas dont dump 80 000 BTC in 3 min.

Why not? Do you have any idea how much is spent on Christmas every year? U.S. shoppers spent $9.1 billion at stores on Black Friday.

First of all we are all following China and China doesn't give F*** about christmas. Secondly this swings are heavy manipulation of whales for sure. When some individuals cash out 10 BTC on different times on western exchanges it won't move the price and China man are happy to buy your western coins. We didn't see big movements on Black Friday also. It was just going up a bit and dump what everybody where afraid after never happened.
I don't think christmas will give any important effect on price.

Really? Oh, excuse me then. I didn't realize they did so much trading in the middle of the night. lol

Every night for Westerners 3AM-4AM CST (5-6PM Hong Kong Time (HKT) provides activity. If I were more efficient yet, I would've shorted the 375 exit. My short money was on a 385 exit. All the FIB lines pointed toward it. Now, when you get some skiddish bears with a monstrous pocket. It's like riding the tallest roller coaster in the world. My short standards were set too high I guess.

I can most certainly see this is the bottom though. Head and shoulders drop off line rejected. Willy says up. This was just a small correction in the rocket's course.

What do you make of giant cup & handle forming?

[Hyperjacked]

I would like to tell you again, about how I sold my bitcoins for 450...and bought them back at 420.
Still grinning ear to ear after predicting that crash last night.

http://www.gamblersanonymous.org/ga/

There's still hope.

Calculated risk vs Gambling...The difference is with gambling you have a high probability of losing!

So yes most the leveraged amateur traders are gambling because they don't know how to calculate risk!

Of course its a totally different story for those that make a living calculating risk!

And those who make a living calculating risks, what makes them bet on trivial-to-manipulate, unregulated markets? Masochism?

I don't take pleasure in someone losing money...

someone wins and loses on every trade and it's my goal to be on the winning side most the time!

The whole unregulated markets thing is another debate...

>I don't take pleasure in someone losing money...
You're thinking sadism. Masochism is a different thing.

>someone wins and loses on every trade and it's my goal to be on the winning side most the time!
Someone wins and loses in every game of Three Card Monte. It ain't you, unless you're the guy with the cards.

>The whole unregulated markets thing is another debate...
Nah, lack of regulation means that exchanges (the ones who hold the cards) can do whatever they want. They don't even have to be good.

P.S. All gamblers are trying to 'make a living calculating risks.' Few of them do.

I don't derive any enjoyment from ppl losing money...and certainly not myself!

Your arguments are weak...

Who do you think controls the stock market ? Not the retail investors...they are just pawns in the game!

[peonminer]

What do you make of giant cup & handle forming?

Which chart are you looking at? 1Day? That's not a giant cup and handle. That's a lopsided inverted head and shoulders, with the breakout confirming right now.





Looks like we have caught on to our moderate trending lines. This is a very bullish sign. Especially with the head and shoulders rejection in the 1min aspect.





It is two positive synergy signals. We will either converge over the weekend, or gorge out on some nom nom's heading upward much sooner.

[Yrpapyrtersplooz]

https://i.imgflip.co/vmgvd.jpg

I would like to tell you again, about how I sold my bitcoins for 450...and bought them back at 420.
Still grinning ear to ear after predicting that crash last night.

http://www.gamblersanonymous.org/ga/

There's still hope.

Calculated risk vs Gambling...The difference is with gambling you have a high probability of losing!

So yes most the leveraged amateur traders are gambling because they don't know how to calculate risk!

Of course its a totally different story for those that make a living calculating risk!

And those who make a living calculating risks, what makes them bet on trivial-to-manipulate, unregulated markets? Masochism?

I don't take pleasure in someone losing money...

someone wins and loses on every trade and it's my goal to be on the winning side most the time!

The whole unregulated markets thing is another debate...

>I don't take pleasure in someone losing money...
You're thinking sadism. Masochism is a different thing.

>someone wins and loses on every trade and it's my goal to be on the winning side most the time!
Someone wins and loses in every game of Three Card Monte. It ain't you, unless you're the guy with the cards.

>The whole unregulated markets thing is another debate...
Nah, lack of regulation means that exchanges (the ones who hold the cards) can do whatever they want. They don't even have to be good.

P.S. All gamblers are trying to 'make a living calculating risks.' Few of them do.

I don't derive any enjoyment from ppl losing money...and certainly not myself!

Your arguments are weak...

Who do you think controls the stock market ? Not the retail investors...they are just pawns in the game!

>I don't derive any enjoyment from ppl losing money...and certainly not myself!
I don't judge, bro.

>Your arguments are weak...
Weakest argument ever.

>Who do you think controls the stock market ? Not the retail investors...they are just pawns in the game!
It's a cat and mouse game between regulators and people finding ways to circumvent regulations. Been going on forever, both sides have great arsenals.
What you're seeing in BTC markets is, all of a sudden, the regulations are removed. And every scheme from the turn of the past century is suddenly new & fresh again, nothing to stop it.

That said, the retail [I'm guessing you mean 'small-time, Joe Average' investor is always at a disadvantage. That's why real markets have notions like 'accredited investor,' to save Joe Sixpack from his own ignorant greed, from having his ass handed to him.
This, BTW, is also the reason behind regulations against Three Card Monte games -- your Saurian Overlords don't want you to go broke 'calculating risks for a living,' & ending up on Welfare

[ChartBuddy]

Coin



Explanation

[brg444]

What do you make of giant cup & handle forming?

Which chart are you looking at? 1Day?

Showing up on the 6h & 4h

[Hyperjacked]

[quote author=Yrpapyrtersplooz

>Who do you think controls the stock market ? Not the retail investors...they are just pawns in the game!
It's a cat and mouse game between regulators and people finding ways to circumvent regulations. Been going on forever, both sides have great arsenals.
What you're seeing in BTC markets is, all of a sudden, the regulations are removed. And every scheme from the turn of the past century is suddenly new & fresh again, nothing to stop it.

That said, the retail [I'm guessing you mean 'small-time, Joe Average' investor is always at a disadvantage. That's why real markets have notions like 'accredited investor,' to save Joe Sixpack from his own ignorant greed, from having his ass handed to him.
This, BTW, is also the reason behind regulations against Three Card Monte games -- your Saurian Overlords don't want you to go broke 'calculating risks for a living,' & ending up on Welfare
[/quote]
The Original HyperJacked...

Your debating with someone who has been around the stock market since the 1970's...raised by a shrink and a mathematical genius! While I've heard it skips a generation...the Apple dosent fall far from the tree.
So the whole "regulation...will save Joe Sixpack from his own ignorant greed" is a load of bs!

Who or what will save us from regulation...? BTC...? Maybe until regulation catches up and can control the "Average Joe" once again! Then maybe another form of creativity followed by more regulation and the cycle of greed by big business continues!

Wake up man...! Either this is a bad dream or your sipping on the pipe!

[jbreher]

, it only makes sense to take the risk free return of margin funding rather than margin trading.

Risk free? And if BFX pulls a pirate?

[peonminer]

What do you make of giant cup & handle forming?

Which chart are you looking at? 1Day?

Showing up on the 6h & 4h

Meh. I don't really see a cup and handle in the 6H/4H. Just noise.

I see this in the 1Day:



I also see that we have broke the down trend in the bigger picture as of September. My majority entry was 225-245. I jump on the margin train for fun in the runs. We all know it's coming. Might as well ride or die. BTCitcoin, she's my ride or die. Looks like dis bish gon be faithful for a while.

[JimboToronto]

Good morning Bitcoinland.

Still over $400 I see. In fact hovering around $430.

That was a fairly reasonable correction considering how much it went up in a day and a half.

It wasn't enough of a dip for me to buy though. If it had happened during the day, I would have bought some more coins when it dipped below $410. Maybe next time.

[QuestionAuthority]

What do you make of giant cup & handle forming?

Which chart are you looking at? 1Day? That's not a giant cup and handle. That's a lopsided inverted head and shoulders, with the breakout confirming right now.

*pretty picture*

*pretty picture*

Looks like we have caught on to our moderate trending lines. This is a very bullish sign. Especially with the head and shoulders rejection in the 1min aspect.

*pretty picture*

*pretty picture*


It is two positive synergy signals. We will either converge over the weekend, or gorge out on some nom nom's heading upward much sooner.

*more pretty pictures*

You seem to have a clue, what kind of money will I be looking at for Christmas shopping on the 20th when I sell? Can I expect $550 a coin? I'd like kind of a general place to stop adding to my wish list on Amazon.

[brg444]

What do you make of giant cup & handle forming?

Which chart are you looking at? 1Day?

Showing up on the 6h & 4h

Meh. I don't really see a cup and handle in the 6H/4H. Just noise.

I see this in the 1Day:

I also see that we have broke the down trend in the bigger picture as of September.

I'll take that!

[BlindMayorBitcorn]

So, any recent advances in carbon nanotube fibres we should know about?

[brg444]

[quote author=Yrpapyrtersplooz

>Who do you think controls the stock market ? Not the retail investors...they are just pawns in the game!
It's a cat and mouse game between regulators and people finding ways to circumvent regulations. Been going on forever, both sides have great arsenals.
What you're seeing in BTC markets is, all of a sudden, the regulations are removed. And every scheme from the turn of the past century is suddenly new & fresh again, nothing to stop it.

That said, the retail [I'm guessing you mean 'small-time, Joe Average' investor is always at a disadvantage. That's why real markets have notions like 'accredited investor,' to save Joe Sixpack from his own ignorant greed, from having his ass handed to him.
This, BTW, is also the reason behind regulations against Three Card Monte games -- your Saurian Overlords don't want you to go broke 'calculating risks for a living,' & ending up on Welfare

The Original HyperJacked...

Your debating with someone who has been around the stock market since the 1970's..
[/quote]

And you're debating with an unrepenting troll  

[peonminer]

You seem to have a clue

I am a speculator just as we all are. If I had access to control a trust fund for a percentage commission, I would be a much happier speculator.

With that said, I am rooting for a massive $600 attempt and testing. The $500-$600 correction in the middle (towards the top) will be more violent than the one between $400-$500. Weak hands will show. Strong hands will be hitting like fight club.

[Yrpapyrtersplooz]

And you're debating with an unrepenting troll  

*unrepentant
Not trolling.
Just pointing out that trading the current BTC market is not 'calculating risks for a living.' And it's only gambling in inasmuch as being the mark in a game of Three Card Monte is gambling.

[Hyperjacked]

And you're debating with an unrepenting troll  

*unrepentant
Not trolling.
Just pointing out that trading the current BTC market is not 'calculating risks for a living.' And it's only gambling in inasmuch as being the mark in a game of Three Card Monte is gambling.

Dude...your a comedy show.

Please don't address me again.

[Fatman3001]

This is why I've given up on lambie

[peonminer]

Hyperjacked, remember. The ignore button is your friend. Don't feed the Lambies.