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

[OgNasty]

The overwhelming bullishness in the current market is concerning.

[Toxic2040]

The more I look at this the less I like it...that last wave just dosent make sense..the spacing at the February dip is incorrect. It really lends some more credence to what I have been seeing, that dip changed the trend line. Seems like we are headed back to the 11.5k battlefield. #btfd



-edit-

Everyone seems to prefer this chart. 

[Rosewater Foundation]

Sure, we each have our own particular (or should I say peculiar) strategy involving (as it were) the laddering of buys and sells according to our own analysis of the risk/reward of said strategy at any given time. And sure, assuming a more Up than DOWN trend continues this should leave each of us with more bitcoins going down, and more dollars going uppy....

[scum]

The more I look at this the less I like it...that last wave just dosent make sense..the spacing at the February dip is incorrect. It really lends some more credence to what I have been seeing, that dip changed the trend line. Seems like we are headed back to the 11.5k battlefield. #btfd



-edit-

Everyone seems to prefer this chart. 

I prefer this one because it's going up.

[explorer]

Sure, we each have our own particular (or should I say peculiar) strategy involving (as it were) the laddering of buys and sells according to our own analysis of the risk/reward of said strategy at any given time. And sure, assuming a more Up than DOWN trend continues this should leave each of us with more bitcoins going down, and more dollars going uppy....

Cut that out.  Now go away, or I shall taunt you a second time!

[Trilogy-AI]

Trying to do tax planning. I have thousands of trades across a dozen exchanges in different countries in all sorts of alts.  I am really struggling to figure it out so good fucking luck to the tax authority.  It would take a CPA 3 months.   I’m just going to have to make a best efforts estimate.  Half the exchanges don’t even export trade records in .csv.  Plus miner fees and dust lost in web wallets etc.  Total mess.  

Just a general question: why would someone make thousands of trades per year?
IMHO, it is self defeating in eventuality.
Personally, when I over trade, it a signal that I am about to lose a lot of money (for me).
In happened in 2000-2001 just before I had losses in 2002.
One year i had about a thou trades. It took me about three weeks to figure it all out on Turbotax.
Some trades looked really stupid when I looked at the totality of it all.
After that-no more of that nonsense.

Over a thousand trades per year means dozens of trades a week. At that frequency, it's likely you are getting thrashed by small fluctuations. But the real money to be made is putting on positions into substantial opportunities: major trend changes, double bottoms, head-and-shoulders, capitulation, etc. Then hodling for a long swing (long or short). And that supports a more detached trading psychology.

[Toxic2040]

Downtrend has formed
RSI <50
Stoch in the oversold area but still plug and not cross
The MACD is shifting in a downward direction, showing no sign of crossing
=> continue to fall to 11k and 11.6k is the need to pass.

Nailed it.

+1 WOsMerit

[HairyMaclairy]

Trying to do tax planning. I have thousands of trades across a dozen exchanges in different countries in all sorts of alts.  I am really struggling to figure it out so good fucking luck to the tax authority.  It would take a CPA 3 months.   I’m just going to have to make a best efforts estimate.  Half the exchanges don’t even export trade records in .csv.  Plus miner fees and dust lost in web wallets etc.  Total mess.  

Just a general question: why would someone make thousands of trades per year?
IMHO, it is self defeating in eventuality.
Personally, when I over trade, it a signal that I am about to lose a lot of money (for me).
In happened in 2000-2001 just before I had losses in 2002.
One year i had about a thou trades. It took me about three weeks to figure it all out on Turbotax.
Some trades looked really stupid when I looked at the totality of it all.
After that-no more of that nonsense.

Over a thousand trades per year means dozens of trades a week. At that frequency, it's likely you are getting thrashed by small fluctuations. But the real money to be made is putting on positions into substantial opportunities: major trend changes, double bottoms, head-and-shoulders, capitulation, etc. Then hodling for a long swing (long or short). And that supports a more detached trading psychology.

I don’t buy and hold shitcoins.  5 hours is a long term hold for a shitcoin. On average, I profit on shitcoins.  Sometimes I make mistakes but I cut them the moment they show weakness.  Example:  I follow Charlie Lee on twitter and bought Nano when his tweet came out.  I exited with a 5% profit.  It ended going a lot higher but I’m not ashamed to take a small profit immediately. 

On the other hand I have bitcoin I bought 4 years ago and haven’t touched.  Different asset classes, different trading strategies.  

[ACVinegar]

How long price of cryptos declining? I can't imagine hopefully it grows up again.

As per the graph price now was fluctuates into $9K - $11K

[pacman7331]

Hi to all experts anyone knows about? When the altcoins go to the moon again?

Steller up 12%. Not 🌝 though.

[mike4001]

Hi to all experts anyone knows about? When the altcoins go to the moon again?

Steller up 12%. Not 🌝 though.

Well, Stellar has been falling steadily for weeks now.

Even with this 12% spike it´s still deep in the red

[TERA2]

Its just temporarily testing that channel it broke out of in November and fell back into in January, before eventually falling below.

This already happened with a smaller channel above. There are several nested blowouts.

After the next crash, it'll spend 1-2 years testing the original slow channel from 2015-2016. At the next halvening it'll either breakout into the next bull market or fall below this channel to the final fail or least the longest bear market weve ever seen.

[Last of the V8s]

 @DougPolkPoker
Mar 2

I don't think citizens should be allowed to have guns.

I say this as a gun owner, so I am aware this could seem hypocritical. But the more I look at all of the solutions to the gun debate, the more I feel the only long term solution is to begin the process of removing them.

[TERA2]

If banning guns to save thousands lives in over publicized media events is so importnt to sacrifice our basic freedoms then I think we must also ban cars and improper medicine which is killing millions of people.

[Biro Bob]

Hi to all experts anyone knows about? When the altcoins go to the moon again?

Tuesday, 3:45 GMT

Are you sure? My friend said it was Tuesday 3:47 GMT.

[Ibian]

@DougPolkPoker
Mar 2

I don't think citizens should be allowed to have guns.

I say this as a gun owner, so I am aware this could seem hypocritical. But the more I look at all of the solutions to the gun debate, the more I feel the only long term solution is to begin the process of removing them.

Which, for the billionth time, is a useless opinion without explaining how.

[HairyMaclairy]

Do you guys feel you are missing out by not being allowed RPGs?  Isn’t that a violation of your second amendment rights?  How are you going to protect yourself against black helicopters?

[explorer]

Do you guys feel you are missing out by not being allowed RPGs?  Isn’t that a violation of your second amendment rights?  How are you going to protect yourself against black helicopters?

You can miss out if you want... I want the black helicopters, too!

[Ibian]

Do you guys feel you are missing out by not being allowed RPGs?  Isn’t that a violation of your second amendment rights?  How are you going to protect yourself against black helicopters?

There is no good solution. The state should fear the people, or it turns into another of the countless soviet fiascos throughout history. That's not possible today, so the cycle repeats.

[erre]

State will not fear a couple of rednecks with an ar rifle, the only way to attack the military are IEDs.
The power of the people is political, this is what every state (even north Korea) fear: ideas, knowledge, political enlightment...not guns.