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

[Last of the V8s]

Happening it is

[1714046790]

1714046790

[1714046790]

1714046790

[infofront]

[HairyMaclairy]

I’m not a believer until $11,200

[explorer]

It is good to see central banks squirm   

https://www.armstrongeconomics.com/world-news/central-banks/swedish-central-bank-voice-alarm/

[nanobtc]

<snip>
I'm curious how much of your bad experiences with players, as you have described, boil down to their own fundamental inexperience playing with a band.

As a producer myself, I find I'm brutally harsh on myself when it comes down to final mix - making sure everything ebbs and flows properly across the piece. Making sure no one element overpowers another unless I choose to accent a particular segment.

Shit like this takes at least a decade to hone.

Much of the guitar problem playing out live is immaturity, insecurity, or lack of direction.

If a guitar player is immature, overplaying is sometimes just a lack of experience. If the player is insecure (no matter their age, especially if there are other good players present) sometimes they overplay as if it's a pissing match, and showing off. A jam, with a rotating cast of many is bad for encouraging this.

A gigging band should be tight, know exactly what is coming up next. No extra times around for an extra solo unless it is really happening, and the crowd is reacting accordingly  Strong band leadership and rehearsal makes this happen. In a recording session, the producer is king.

One of the best guitar players I have ever seen has traveled the country several times gigging. He used to be in a band with Sheryl Crowe before she hit ("she wasn't that good, at the time", he says). Now he is a painter with a mortgage, wife and kids. He has a room of amps, another room of guitars. He says it is his 401k, but he loves them too much to sell any. He is a white guy, plays in an all-black soul band (and in several other bands), and in the soul band, he is magnificent. He plays a lot of our jams, and he is overplaying, arrogant, and way too loud on stage. The soul band has strong leaderhip, and he keeps it in line. In the jam, there is lax leadership. He is trying to be the biggest fish in the pond.

[JayJuanGee]

I’m not a believer until $11,200

You gotta think BIGGER than that.  $11,200 is cake... or easie peasie.

Let me see breaking above $12k before I begin to believe - It may take a day or two to get to $12k-ish, if we are going there, and then breaking above would be a decent sign of UP.

[Bardman]

I’m not a believer until $11,200

Yeah, it broke 11k but not very convincingly yet. However it also broke a downtrend from the ATH at 20k ~ so that's that. I think there is potential and momentum right now to touch 12k again today or tomorrow.

[infofront]

If we can get to ~$11,600, the inverse H&S will be complete. That should get us at least to the major resistance at ~$12,800.

[mike4001]

Below 11k again ....

This is very hard to watch :-/

Still missing the reason.

"Hey bitcoin is rising right now, so I just sell all my Bitcoins because ... []"

Please fill in []

[Ivor Biggun]

Below 11k again ....

This is very hard to watch :-/

Still missing the reason.

"Hey bitcoin is rising right now, so I just sell all my Bitcoins because ... []"

Please fill in []

It's alright, it's back above 11k again.

[Last of the V8s]

Below 11k again ....

This is very hard to watch :-/

Still missing the reason.

"Hey bitcoin is rising right now, so I just sell all my Bitcoins because ... []"

Please fill in []

tarders taking profits on the way up

[svdleer]

And below 11K again,150 BTC wall inserted at 11K @ GDAX

Seems impossible to break

[marcus_of_augustus]

... do you guys know Carolina?

[JimboToronto]

If a guitar player is immature, overplaying is sometimes just a lack of experience. If the player is insecure (no matter their age, especially if there are other good players present) sometimes they overplay as if it's a pissing match, and showing off. A jam, with a rotating cast of many is bad for encouraging this.

A gigging band should be tight, know exactly what is coming up next. No extra times around for an extra solo unless it is really happening, and the crowd is reacting accordingly  Strong band leadership and rehearsal makes this happen. In a recording session, the producer is king.

One of the best guitar players I have ever seen has traveled the country several times gigging. He used to be in a band with Sheryl Crowe before she hit ("she wasn't that good, at the time", he says). Now he is a painter with a mortgage, wife and kids. He has a room of amps, another room of guitars. He says it is his 401k, but he loves them too much to sell any. He is a white guy, plays in an all-black soul band (and in several other bands), and in the soul band, he is magnificent. He plays a lot of our jams, and he is overplaying, arrogant, and way too loud on stage. The soul band has strong leaderhip, and he keeps it in line. In the jam, there is lax leadership. He is trying to be the biggest fish in the pond.

Music isn't a competition. It's all about cooperation.

Any real musician's ears are far more important than his hands.

[bitChipper]

And below 11K again,150 BTC wall inserted at 11K @ GDAX

Seems impossible to break

My prediction is we go sideways until the g20 summit and hopefully get good news from that

[HairyMaclairy]

I’m not a believer until $11,200

You gotta think BIGGER than that.  $11,200 is cake... or easie peasie.

Let me see breaking above $12k before I begin to believe - It may take a day or two to get to $12k-ish, if we are going there, and then breaking above would be a decent sign of UP.

Since when have you been a bear?

$11,200 to me means the downtrend has been convincingly broken.  I have not even begun to think about $12k.  That is a problem for another day.   

The kettle is starting to warm up though.   I am beginning to see that we might get there. But not yet.

[marcus_of_augustus]

CCMF june 2018 ...

https://www.youtube.com/watch?v=TVRzk3VWOKY

Toby Keith  

[JayJuanGee]

If we can get to ~$11,600, the inverse H&S will be complete. That should get us at least to the major resistance at ~$12,800.

Is there a difference between an inverse head and shoulders and a cup and handle in terms of what it expects to come next?  Are they both short term bullish?  Anyone?

[d_eddie]

Music isn't a competition. It's all about cooperation.

Any real musician's ears are far more important than his hands.

This winter, every jam I've been to had me thinking exactly this.
Recently, I'm always feeling like I'm the only one who knows when to stay low or lay out completely (if applicable).
I wish I knew better jams around here. Maybe it's a seasonal thing.

[JayJuanGee]

I’m not a believer until $11,200

You gotta think BIGGER than that.  $11,200 is cake... or easie peasie.

Let me see breaking above $12k before I begin to believe - It may take a day or two to get to $12k-ish, if we are going there, and then breaking above would be a decent sign of UP.

Since when have you been a bear?

$11,200 to me means the downtrend has been convincingly broken.  I have not even begun to think about $12k.  That is a problem for another day.   

The kettle is starting to warm up though.   I am beginning to see that we might get there. But not yet.

I did not realize what I was saying was bearish..  but I can see your point.

 I thought that I was being more bullish than you to assert $11,200 as a given, but really I don't know.  The longer that we bounce around between $8,500 and $12k then the price could go either way.. so maybe I am thinking that we need to break above $12,000, so yeah in that regard, I am more bearish than you because I don't think that breaking above $11,200 really provides any kind of certainty that we have sufficiently broken up to feel comfortable in having MOAR UP.. I think that we need a higher break up in order to feel relieved of such bearishness. 

By the way, a couple of weeks ago, when we first broke back above $10k, I thought that was a decently bullish sign that there remains considerable difficulties in asserting that we are in an early 2014 scenario rather than the more likely early 2013 scenario... which still seems to be my thinking about what we currently have (i mean more likely that we are in an early 2013 like scenario currently rather than an early 2014 like scenario).