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

[d_eddie]

Ok. Extracted just north of $1M @ $14,500 USD/BTC.

Once the wire hits my account, I'll load up for round 2.

Very well done! Feel lighter eh?
Now that you have more time on your hands, we'd really like to hear that country song.

[Rosewater Foundation]

Who HODL'd all the way down from the top?

[kosse]

Who HODL'd all the way down from the top?

I did. Haven't sold a fraction of bitcoin and I deeply regret my decisions  .

Now I will not die even if my bitcoins go to zero so I might as well see how it turns out.

[xxxx123abcxxxx]

  
2018 Crypto Crash Elliott Wave

https://redd.it/7p2bwq

BTC: https://redd.it/7pldq5
ETH: https://redd.it/7p4dqn
LTC: https://redd.it/7p4m2m
XRP: https://redd.it/7p4wk2
IOT: https://redd.it/7p3zea
  

[Phil_S]

Ok. Extracted just north of $1M @ $14,500 USD/BTC.

Once the wire hits my account, I'll load up for round 2.

I wonder, do you feel any urge to buy it all back at $13,000 ? 

[HairyMaclairy]

 
2018 Crypto Crash Elliott Wave

https://redd.it/7p2bwq

BTC: https://redd.it/7pldq5
ETH: https://redd.it/7p4dqn
LTC: https://redd.it/7p4m2m
XRP: https://redd.it/7p4wk2
IOT: https://redd.it/7p3zea
  

Y NO BCASH WAVE?

[d_eddie]

Down again, at least a bit. Still higher than my latest limit buy though 

[Rosewater Foundation]

Next bump we get, I'm taking it. I also am becoming despondent.

[TERA2]

bulls will never admit theyre wrong. theyll just say it's a glitch or blame some black swan news event

[Rosewater Foundation]

bulls will never admit theyre wrong. theyll just say it's a glitch or blame some black swan news event

I'll admit I was wrong. I'll do that all day.

[jojo69]

Next bump we get, I'm taking it. I also am becoming despondent.

don't trade on emotion

[Rosewater Foundation]

Next bump we get, I'm taking it. I also am becoming despondent.

don't trade on emotion

Usually when I've become despondent we get at least another leg down. It's science.

[Searing]

bulls will never admit theyre wrong. theyll just say it's a glitch or blame some black swan news event

I'll admit I was wrong. I'll do that all day.

It (was) in hindsight ...damn hard to see them 'breaking' BTC in South Korea thou.....hard for BTC price to pump when they slap down

all those South Korean kool-aid drinkers. (

My concern is that they find that the exchanges WERE playing fast and loose with the KYK (Know Your Customer) rules....that would cause a

delay of any exchanges coming back up (if ever). Wild,Wild,West indeed!

BTC...always the drama Queen!

Next bump we get, I'm taking it. I also am becoming despondent.

don't trade on emotion

Usually, when I've become despondent we get at least another leg down. It's science.

yeah, it is 50/50 IMHO, that we will drop below 10k. The South Korea raids...took a lot of air out of the balloon.

 

[Rosewater Foundation]

I bought on emotion, I hodl'd on emotion. I will sell on emotion.
Reason is slave to the passions.

[JayJuanGee]

bulls will never admit theyre wrong. theyll just say it's a glitch or blame some black swan news event

It is not a matter of being right or wrong, but instead engaging in the wrong strategy and that is selling on the way down rather than selling on the way up.

So, right now, bulls should be buying on the way down or otherwise HODLing.  Otherwise they gonna end up selling at the bottom rather than buying at the bottom, as they should be doing.

In other words, fundamentals have not changed, and if you were gonna sell, as a bull, you should have already done it, and should be prepared for below $13k, or below $11k, or below $10k or even $8k for that matter, even though none of those lower possible BTC price points are for sure and the further down they get, then the more difficult it will be for bears and/or manipulators to achieve (including the fact that we may have already reached the bottom of this particular correction, which was $11,060 in the broader range and $12,800 in today's little "fun.")

[mike4001]

The only good thing is that the whole market is shrinking at the moment (Marketcap down to 650.000.000.000) and its not again Altcoins mooning while Bitcoin plummets ;-)

[JayJuanGee]

I bought on emotion, I hodl'd on emotion. I will sell on emotion.
Reason is slave to the passions.

Either you are a bear in disguise or you are a weak fucking ass.

This is nothing.

Except, if you are not prepared for either UP or DOWN, then I suppose "this" becomes something, when it should not be anything, and logic should dictate.

Oh well, weak hands gonna get shook.  That cannot be helped, correct?

[Rosewater Foundation]

You know Jay, if I ignore you, you might well finally have nobody left to talk to.

[JayJuanGee]

bulls will never admit theyre wrong. theyll just say it's a glitch or blame some black swan news event

It is not a matter of being right or wrong, but instead engaging in the wrong strategy and that is selling on the way down rather than selling on the way up.

So, right now, bulls should be buying on the way down or otherwise HODLing.  Otherwise they gonna end up selling at the bottom rather than buying at the bottom, as they should be doing.

In other words, fundamentals have not changed, and if you were gonna sell, as a bull, you should have already done it, and should be prepared for below $13k, or below $11k, or below $10k or even $8k for that matter, even though none of those lower possible BTC price points are for sure and the further down they get, then the more difficult it will be for bears and/or manipulators to achieve (including the fact that we may have already reached the bottom of this particular correction, which was $11,060 in the broader range and $12,800 in today's little "fun.")

So doing quick maths what ought to be the top of the next bump, provided we get one before more down?

What the fuck?

Don't get me involved in your weak-ass attempt to rationalize doing the wrong thing.

Of course, we always have UPs and DOWNs and UPs, but no matter how you frame the matter, we are currently in a DOWN, even if you have a slight UP coming up, you cannot rationalize that you are selling on the way up, if you decide to sell a larger portion, merely on the basis that there was an UP.   If you do that, you are still doing the wrong thing and you are a weak hand and you are selling on the way down, not on the way up.

On the other hand, there are always incremental measures that you can take to fix your position from your seeming mistake, and I suppose that is what you are contemplating now.  You are contemplating that you were NOT prepared for both directions of UP and DOWN, and so therefore you are taking retroactive measures (which seem to be emotional rather than rational), which could well cause you to sell way too much at the bottom, but you do gotta do what makes you feel more comfortable.... and hopefully learn a lesson from all of this.

[JayJuanGee]

You know Jay, if I ignore you, you might well finally have nobody left to talk to.

You do what you are gonna do.

I don't give a ratt's ass.


Whether you ignore me or not, it will not necessarily stop me from commenting on your posts if I think that you are making a pertinent post and whether you interact with me or not.

(by the way, I still would have Tera the beara and jbreher the picnic food eater to talk with.... hahahahahahaha... )

Hopefully, you figure out whatever thing is better gonna work for you, and none of us can expect to have sympathetic ears or receive sympathetic comments, even if we are putting ourselves in an emotional position, or even if the times are emotional based on stressful market movements in quasi-anonymous interweb forums.

People are making and losing money on this stuff all the time, and it can become stressful for anyone, even if you are making money rather than losing it.