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

[fragout]

Step 1: Click 12H
Step 2: Look at the volume
Step 3: Compare the volume to the last 6 months
Step 4: Become bullish and post train memes

Repeat with 1D tonight at closing

For the lazy -



Maybe...just maybe. fingers crossed

[JayJuanGee]

So to be clear if you bought X at $6k you would resell X at $8k? (Not exact prices I would buy inside the resistance points)   Do you keep some small fraction of X as BTC profit?

I am sorry that I communicated badly.

If I bought at $6k, then my next buy order would have already been set at $5k (because I had set it at $5k the first time around when I had sold at $6k on the way up, whenever that would have been) and after the $6k buy order fills, I would immediately set my sell order at $7k (again, not exact, but you get the idea).

Regarding how much I set in reserve or whether I am stacking extra in BTC or in dollars depends in part on my sense about whether I feel that I need to accumulate more bitcoins or whether I believe that I should accumulate more dollars.  Also, since I have been doing this all the way up from $250, that means that I have gone through accumulating fiat from a lot of sell orders that never returned back down to their buy orders.  So I have sometimes rethought what to do with all the extra fiat that I have accumulated because of those buy order that left unfilled.  Sometimes I reallocate it, and sometimes I take the money off the table.  Also, whenever I am changing my increments, going from $250 increments to $500 and then to $750 and then to $1,000 allows me to rethink how much money do I want to dedicate towards buying back, how far down do I want to set my buy orders and do I want to cause an extra large fiat reserve that is likely going to get taken off of the table.

In mid September 2017 when we corrected about 40% from $4980 down to $2970, I only had buy orders set down for a 50% retracement, and since I was on a trip, that inadequate preparedness caused me way more stress than necessary, because even though I had the money to be able to buy further down, my money was not in a place in order for me to really be prepared for more than a 50% retracement, if it were to occur... so little by little, after that September 2017 correction, I was able to pretty much keep myself prepared for larger and large severities of retracement and to feel comfortable with that - but that preparedness came through our being spoiled by a 4x to 5x better BTC price performance than the most bullish of expectations, so I reconfigured my buy orders down 85% while BTC prices were in the $15k arena... ... so yeah, I am not smart.. just got spoiled with 4x to 5x better BTC price performance than expected... which allowed for a lot easier path for downward BTC price preparations.

[Cassius]

Step 1: Click 12H
Step 2: Look at the volume
Step 3: Compare the volume to the last 6 months
Step 4: Become bullish and post train memes

Repeat with 1D tonight at closing

^^^^

1d is shaping up for record volume. This pleases me.

[Phil_S]

I like 1m right now, so green...

[HairyMaclairy]

Tradingview shows BTC USD LONGS at ATH.  34,000?  

Either we are going up or these longs are going to get liquidated and we are going to be fucked up fam.  Today will not be boring.

To be fair USD SHORTS are much lower at 15,000.  

Normally this would be bullish.  But things could get squishy if equity markets dump again.  

[Cassius]

Tradingview shows BTC USD LONGS at ATH.  34,000?  

Either we are going up or these longs are going to get liquidated and we are going to be fucked up fam.  Today will not be boring.

To be fair USD SHORTS are much lower at 15,000.  

Normally this would be bullish.  But things could get squishy if equity markets dump again.  

Well, if it goes down and they start getting liquidated, that's your uber capitulation spike

[colombuszka]

I like 1m right now, so green...

Anyway, depth chart looks terrible.

[600watt]

was the bottom in or not? I bought back, then sold again, now buying back... or.. not?!

[Wilhelm]

was the bottom in or not? I bought back, then sold again, now buying back... or.. not?!

Buy it and don't look back.

- You will never get the best price.
- Short term losses are always likely.
- Long term profits are almost certain.

In other words HODL!

[milkshock100]

was the bottom in or not? I bought back, then sold again, now buying back... or.. not?!

The bottom was 6200

[El duderino_]

was the bottom in or not? I bought back, then sold again, now buying back... or.. not?!

The bottom was 6200

Been told by who...?

[PaivanTreidi]

was the bottom in or not? I bought back, then sold again, now buying back... or.. not?!

The bottom was 6200

Been told by who...?

Lots of random internet people.

[Nosk]

was the bottom in or not? I bought back, then sold again, now buying back... or.. not?!

Buy it and don't look back.

- You will never get the best price.
- Short term losses are always likely.
- Long term profits are almost certain.

In other words HODL!

Hodling sux, go LONG  

Pretty happy that I did last night at 5k€  

[Wekkel]

was the bottom in or not? I bought back, then sold again, now buying back... or.. not?!

The bottom was 6200

Been told by who...?

By my orders to bottom fish some altcoins. Will never be hit so contra indicator is working  
Glad to be of service at the costs of about $6 for a BTC transfer to an exchange.

[xhomerx10]

There are a lot of fucking retards out there, that are skeptical about entering into bitcoin.  This is as good as any entry point - around a 67% retracement, currently.

Yeah, sure we might get more retracement, but it is going to be difficult to go wrong from this entry point, whether BIG investor or a more modest one.

JayJuanGee being vulgar and angry, how about that. I've always thought that JayJuanGee is the type that cries in a warm bath during stressful situations. Considering the avatar picture and the lack of thought in the walls of text.

Welcome newbie.  Hopefully, you have some possible bitcoin-related ideas to share, rather than mere wrong-headed and fantastical assertions about personalities, that you seem to NOT have too many clues. 

 Account was created a while back but it's been silent since 2015 ...until today when it decides to unleash some pent-up frustration on an unsuspecting forum.  Ignored.

[lightfoot]

So are the next 24 hours.....

Critical?

[gentlemand]

Been told by who...?

I received the news via a personal phone call out of the blue from Jake the Snake Roberts. I was muchly taken aback but instantly knew it was the real deal.

[Nosk]

I like 1m right now, so green...

Anyway, depth chart looks terrible.

One thing that I learned is that the depth chart doesn't mean shit, really.
Just watch yesterday depths, it was bullish all the way down (made a post about it on this thread).

[josephpogi]

Its green now . Bullish ? Or bull trap?

[HairyMaclairy]

Don’t know but I have moved to hedge my upside risk.  Buy side volume is too great to ignore.