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

[Icygreen]

There is something that I find quite perplexing. How come when the support on the order books is higher than the resistance, the price goes down much of the time. In the opposite situation, the price seems to rise. It seems counter intuitive. Anyone have an answer?

the order books are shadow theater, all bogus

sometimes I think I am the only human actually trading

Yes, ironically, walls are not reliable to watch and base any decisions on. However,  panic is the wall I watch and base decisions on (mostly my own). And that's where it can get tricky.

Edit: I actually panic more at parabolic tops than bottoms but just can't seem to push the sell button at heights. No problem pulling the buy lever at any time.

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[RoomBot]

I don't hate, why do people on the left always say things like that

have you been missing the part where we have a faction in here that has explicitly called for genocide?

Right on jojo

[Arriemoller]

I don't hate, why do people on the left always say things like that

have you been missing the part where we have a faction in here that has explicitly called for genocide?

Ok, that I admit is just hate without any basis in fact.

[JayJuanGee]

What the fuck is going on with this thread 
I have a solution for all of you that will recenter everything around bitcoin : make a trading contest and whoever wins will be right 


...also, the loser will have to give me 30% of his btcs

Yeah, but we are not competing against each other? 

Can't we already create a trading contest with ourselves to compete with ourselves in order to later verify if we can reach goals that we have set for ourselves?

[HairyMaclairy]

Who the fuck partially fills a limit order for 0.1 BTC and then goes away again?

[JayJuanGee]

I don’t hold with the level of racism in this thread either.

A ban of Roach would be a good start.  His noodlings on physical silver don’t bring sufficient value to justify his other bullshit.  I don’t give a flip if he has has been here since day 1.

Who has mod powers on this thread now ?

Yes some of his racist crap offended me too and I'm not no bleeding heart liberal. But I believe in free speech,. quite passionately . Best way to counter is with some salient argument or just simply ignore. Besides he does make some interesting observations at times.

Free speech is fine, I'm strongly in favour with some limits - but the internet is full of forums for racists to vent their shite. It's not relevant to this thread, and should get modded (and yes I get the irony that this discussion isn't either).

If it's limited it's not free, you can't have it both ways.

You seem to have your own "limited" thinking, if you cannot imagine ways in which free speech can be limited and still be free.. go figure.  Based on some of your previous posts, this current position of yours that is not willing or able to circumscribe the concept of "free" does not surprise me.

[d_eddie]

Interesting as predictions about the next phase are, it's an art for few. Masterluc himself is far sighted in his reach forward.

I'd like to turn back with the not-so-few: what happened? This might help my future understanding of things.

When is it the first time that one of us could have said "it's coming" - and how could they hope to convince at least a qualified majority?

8-monthly bubbles which burst in the "propellor correction" fashion I described. The pattern's always the same:

It's the 1-Week MACD histogram for Bitcoin/USD. The thing is, I've NEVER seen it go so deep on the very first bar before.



For me it lends credence to the idea that the market is being actively co-erced down to a pre-defined level by the same holders who hoovered up the coin on the way up. They may be playing both markets in concert (futures and cash).

Toknormal's points scored with me. Are the two quoted views mutually exclusive, or can they add up into a coherent narrative?

8-month cycles, give or take 6 months. The give or take bit itches, of course. Why these irregular durations? Is the school (of whales) free to choose a random moment, or are they looking for a "go ahead" hint from external reality? Which kind of hint/help would they welcome? The underlying question, of course, is: How can smaller creatures - human, tunas, herrings and minnows - see it coming?

[Arriemoller]

Going to bed.
Goodnight Bitcoinland whatever your IQ.

[JayJuanGee]

So, Bitfinexed Reddit name is AtlasRand1. The guy who started the "Gentlemen I think we are..." thread called himself Atlas, he was later permabanned for übertrolling. Is this perhaps the same person?

Do you have any evidence for this claim that these online personas are the same person?  We are not in that small of a world, are we?

If so we need a song:  "It's a small world after all... repeat...  blah blah blah."

No that's why I said perhaps. But the bitcoin world is indeed that small.

It is not that small if you cannot find evidence to support your smallness theory.  

You are starting to sound like some other conspiracy theorist (who I will not name at the moment), but who had a theory that all the fucking exchanges were controlled by a few peeps...

Fucking ridiculous..

Yeah, sure I will agree that bitcoin and crypto are relatively small, but you cannot assume to many things merely based on knowing that it is small in some ways that it is so fucking small to support some kind of claim that the same person is doing x, y and z...   That is just showing both a lack of evidence and a lack of logic that ends up rising to the level of wishful thinking.

[d_eddie]

I think a lot of these people bitching about scaling have never run a full node.

Surely, you mean a "full-validating, non-mining node wallet"? Asks our wordsmith colleague jbreher. 

^^^ FTFY.

Just keepin' it real.

XD

Hmphh, inflexible over language, eh? I don't even keep a wallet on my node, but whatever.

I ain't 'playing victim'. There is a wide gulf from permissionless innovation that you don't happen to care for, and outright lying in order to besmirch character.

I understood the first sentence, but I couldn't make sense of the second. Care to explain?

[Gyrsur]

we need to have ChartBuddy back in town to stay focused!

Bitfinex

Bitstamp

Explanation

[suspiciously square]

we need to have ChartBuddy back in town to stay focused!

Bitfinex

Bitstamp

Explanation

Cloudflare would ban ChartBuddy because he's a bot. We need a human who never sleeps to make the ChartBuddy posts.

[RoomBot]

I never sleep!

But I'm not human, sorry. 

[El duderino_]

I never sleep!

But I'm not human, sorry. 

Even R2D2 did sleep

[Gyrsur]

we need to have ChartBuddy back in town to stay focused!

Bitfinex

Bitstamp

Explanation

Cloudflare would ban ChartBuddy because he's a bot. We need a human who never sleeps to make the ChartBuddy posts.

we should ask Amazon Mechanical Turk if we can find someone who is able to do the job.

EDIT: Thermos has a huge amount of bitcoins for the new Forum software so we should ask him for helping us with the funding.  

[JayJuanGee]

Who the fuck partially fills a limit order for 0.1 BTC and then goes away again?

This has happened to me quite frequently.  You just  happen to have your order at the reversing point.  I think that it is good sign.

Sometimes the remaining portion fo the order does end up getting filled, but frequently when an order gets partially filled, I get a kind of feeling of how much of a "genius" I am in terms of my order placement... sometimes, I cancel the remaining and sometimes I will just leave it and see if it later gets filled.  If I leave it, then frequently, I will set a partial contrary order, just to cover myself on both and it becomes more fun, because I feel that I get an additional opportunity to make some extra money by setting another partial order on the other end and then just wait to see which one fills first.  That part is like a game, and fun and generally profitable, no matter what.

[suspiciously square]

we need to have ChartBuddy back in town to stay focused!

Bitfinex

Bitstamp

Explanation

Cloudflare would ban ChartBuddy because he's a bot. We need a human who never sleeps to make the ChartBuddy posts.

we should ask Amazon Mechanical Turk if we can find someone who is able to do the job.

EDIT: Thermos has a huge amount of bitcoins for the new Forum software so we should ask him for helping us with the funding.  

Well I'll start the mechanical turking off with a copy of ChartBuddy's latest post.

[jojo69]

what are we, probably 2 weeks from WOTPCATHP?

that's gonna be sad

[HairyMaclairy]

[JayJuanGee]

[edited out]

I'd like to turn back with the not-so-few: what happened? This might help my future understanding of things.

[edited out]


[edited out]

8-month cycles, give or take 6 months. The give or take bit itches, of course. Why these irregular durations? Is the school (of whales) free to choose a random moment, or are they looking for a "go ahead" hint from external reality? Which kind of hint/help would they welcome? The underlying question, of course, is: How can smaller creatures - human, tunas, herrings and minnows - see it coming?

Come on, d-eddie.  Snap the fuck out of it.

You seem to be giving way too much weight to TA and predictions that are based on science or some kind of supposed inevitability.   

Sure, once something happens, that particular something becomes 100%, but just because some folks predicted it to happen does not mean that they knew that it was going to happen or that the thing was inevitable to happen.. .because there could have been some monkey wrench that gets thrown into the situation that ends up totally fucking up the whole outcome....

Sure, we can give a certain amount of weight and credit to TA for helping us to sort out probabilities of one scenario versus another scenario, but in the end, these guys with the fucking charts are also pointing out probabilities of one scenario that they believe to be more likely than another scenario, but the smart (and genuine) ones are going to also acknowledge the various scenarios of the other direction too.. whether they assign the other direction 40% or 20% or cockily assign it only 10%....   

Furthermore, we also know that TAs are frequently wrong too, and you remember when a lot of the TA fucks were calling another leg down at $890 in early 2017... well that did not happen... and a lot of peeps lost money when they were relying on that specific TA and there are other situations as well, especially in bitcoin with our exponential curve going on that has fucked a lot of downside predictors over and over and over. 

So yeah, we can figure out ways to make more money by following TA (whether accumulating bitcoin or dollars), but we may end up losing money too if we make some bad bets while using TA and we don't play the upsides and the downsides of our bets in a reasonable kind of amount and ratios....

In other words, fuck those peeps who are claiming that they predicted anything and saying, I told you so, I told you so.  Fuck them. 

And, you want to know how I really feel?  hahahahaha