Bitcoin Forum
July 18, 2019, 10:46:03 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Poll
Question: When will bitcoin reach the top of this bull market (i.e. when will it moon)?
Topped at $13,880 in June - 12 (7.7%)
H2 2019 - 16 (10.3%)
H1 2020 - 29 (18.6%)
H2 2020 - 28 (17.9%)
H1 2021 - 12 (7.7%)
H2 2021 - 31 (19.9%)
H1 2022 - 6 (3.8%)
H2 2022 - 4 (2.6%)
H1 2023 - 0 (0%)
H2 2023 - 3 (1.9%)
2024 or Later - 15 (9.6%)
Total Voters: 156

Pages: « 1 ... 19787 19788 19789 19790 19791 19792 19793 19794 19795 19796 19797 19798 19799 19800 19801 19802 19803 19804 19805 19806 19807 19808 19809 19810 19811 19812 19813 19814 19815 19816 19817 19818 19819 19820 19821 19822 19823 19824 19825 19826 19827 19828 19829 19830 19831 19832 19833 19834 19835 19836 [19837] 19838 19839 19840 19841 19842 19843 19844 19845 19846 19847 19848 19849 19850 19851 19852 19853 19854 19855 19856 19857 19858 19859 19860 19861 19862 19863 19864 19865 19866 19867 19868 19869 19870 19871 19872 19873 19874 19875 19876 19877 19878 19879 19880 19881 19882 19883 19884 19885 19886 19887 ... 24597 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21290636 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (102 posts by 19 users deleted.)
dmwardjr
Legendary
*
Offline Offline

Activity: 1246
Merit: 1059


Crypto Trading Technical Analyst


View Profile
March 09, 2018, 03:44:01 AM



I wanted followers to COMPARE the chart ABOVE with this Schematic Image - https://i.imgur.com/gcrmXTd.png

I've found - When comparing Wyckoff Accumulation Schematics to crypto currency pairs AFTER a major consolidation event - the highs of the Automatic Rallies in Phase A are hardly ever near the same level as the highs of automatic rallies in phase B. So, do NOT assume Phase A "highs" on crypto currency charts MUST look the same or similar to that which is seen in a Wyckoff Accumulation Schematic. That schematic is ONLY an example and by no means implies the price action MUST play out EXACTLY as depicted in the Schematic.

Wyckoff Schematics MAINLY referred to stocks NOT crypto. Stocks hardly EVER drop down the percentages crypto does in such a short time span. Nor do they hardly EVER pump up the percentages crypto does in such a short time span. This is the main reason the HIGH of an Automatic Rally in Phase A is hardly ever up to the height of the highs in Phase B of an Accumulation Schematic.

Also keep in mind I "know" I have members of Composite Groups who frequent my posts in publications. I'm NOT saying that to be arrogant or to act like I'm "somebody of note." Cause I'm not... I simply "know" because two of them are following me. Also, I'm NOT going to say their user name.

I'm simply pointing this out to say this information could be used to your disadvantage if you're not careful. Meaning, it's STILL possible they take this down to the 0.618 FIB at $8,123.82 before they begin a SPRING with A TEST.

Remember, as I posted in the note in the chart above, a SPRING is a price move BELOW the support level of the Trading Range (TR) established in phases A and B that quickly reverses and moves back into the TR. It is an example of a bear trap because the drop BELOW support APPEARS to signal resumption of the downtrend. IN REALITY, THOUGH, this marks the beginning of a new uptrend, trapping the late sellers, or bears. In Wyckoff's method, a SUCCESSFUL test of supply represented by a spring (or a shakeout) provides a high-probability trading opportunity.

IMPORTANT: A low-volume SPRING (or a low-volume test of a shakeout) indicates that the stock is likely to be ready to move up, so this is a good time to initiate at least a partial long position. The key is checking the volume in our current location compared to previous downward price movements.

NOTE: how I had the Red Horizontal Ray marking the Upper part of the trading range (TR) and the Black Horizontal Ray marking the SUPPORT part of the trading range (TR). We have just now went below the support line of the trading range.  The BLACK SUPPORT LINE of the TR at $9022.82 and the RED RESISTANCE LINE of the TR at $11,780.

Here is a link with further information on the EVENTS TO OCCUR WITHIN THE SCHEMATIC. It was put together well in a short synopsis of Wyckoff Schematics: http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:the_wyckoff_method

Books by Wyckoff can be found here. However, make sure to scroll down till you see the name, Richard Wyckoff. MANY other books on trading can be found here as well. Excellent source of trading material FREE online: http://www.traders-software.com/Trading%20Books/

An excellent video to start with on teachings for Wyckoff by David H. Weis can be found here: "David Weis on Wyckoff, Support/Resistance , and Waves" - https://www.youtube.com/watch?v=uzISUr1itWg&amp=&ytbChannel=BigMikeTrading
1563489963
Hero Member
*
Offline Offline

Posts: 1563489963

View Profile Personal Message (Offline)

Ignore
1563489963
Reply with quote  #2

1563489963
Report to moderator
1563489963
Hero Member
*
Offline Offline

Posts: 1563489963

View Profile Personal Message (Offline)

Ignore
1563489963
Reply with quote  #2

1563489963
Report to moderator
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1563489963
Hero Member
*
Offline Offline

Posts: 1563489963

View Profile Personal Message (Offline)

Ignore
1563489963
Reply with quote  #2

1563489963
Report to moderator
1563489963
Hero Member
*
Offline Offline

Posts: 1563489963

View Profile Personal Message (Offline)

Ignore
1563489963
Reply with quote  #2

1563489963
Report to moderator
dmwardjr
Legendary
*
Offline Offline

Activity: 1246
Merit: 1059


Crypto Trading Technical Analyst


View Profile
March 09, 2018, 03:50:25 AM

I have a conclusion that may be true:
Due to there is a big drop in Bitcoin within this period. So  I think the main reason for this crisis is that the capitalists ( who have a huge amount of Bitcoin) has sold a large proportion of their money, in order to decrease the value of BTC and the other currencies.
And their goal is to buy  again Bitcoin and some currencies ( like, Ripple, Ethereum..)  also they want to improve their profit rate in a long term .
What do you think guys?  Huh

Have you even read this thread?


whales sold at high to buy lower - no conclusion just how it is (buy the dip)

as well

https://www.zerohedge.com/news/2018-03-07/bitcoins-tokyo-whale-sells-400m-bitcoin-bitcoin-cash
may have something to do with it


any bears
pay attention to over 164000 btc he still wants to sell
mtgox sell off


ltc on gox
now its
ltc on facebook?
ltc on amazon - lol

funny days

I'm happy he apparently prefers to sell them on the open market to anyone who will buy them rather than selling them all to a big bank who would use them to manipulate.  No?
Jacques_Bittard
Member
**
Offline Offline

Activity: 140
Merit: 10

.


View Profile
March 09, 2018, 03:52:12 AM

Trading cryptos is as addictive as gambling.  When I break my rule of not trading on bear markets, then I get burned. During the rule of Karhu, one must be humble and without greed. Karhu will bless those who will stay in fiat and keep out of crypto during these times. Predictability is too low and the odds unfavorable for success.
There are rumors that 'Binance hack' was just a diversion. Something that sounded alarming enough to justify the selling volume, and something that was weak enough for regular Joes to keep up their bids to catch the "panic sellers".
Usually, during bull markets the weekdays are good and the weekends are bad. During bear markets, it's usually the opposite. So, there is a good chance that the price will recover a little in the next couple of days, but it still is a risky gamble, because bear markets have the tendency steer in the direction that will be surprising to the majority.

The main thing that gives bitcoin value is belief. Belief has to pay for about 5 billion dollars per year for electricity and hardware to run a payment network with 5 million users. That is a lot of weight on belief and belief can only do so much. Unnecessarily expensive and outdated systems like BTC PoW mining are dragging this market down.
mymenace
Legendary
*
Offline Offline

Activity: 1596
Merit: 1061


Smile


View Profile
March 09, 2018, 03:52:49 AM



I wanted followers to COMPARE the chart ABOVE with this Schematic Image - https://i.imgur.com/gcrmXTd.png

I've found - When comparing Wyckoff Accumulation Schematics to crypto currency pairs AFTER a major consolidation event - the highs of the Automatic Rallies in Phase A are hardly ever near the same level as the highs of automatic rallies in phase B. So, do NOT assume Phase A "highs" on crypto currency charts MUST look the same or similar to that which is seen in a Wyckoff Accumulation Schematic. That schematic is ONLY an example and by no means implies the price action MUST play out EXACTLY as depicted in the Schematic.

Wyckoff Schematics MAINLY referred to stocks NOT crypto. Stocks hardly EVER drop down the percentages crypto does in such a short time span. Nor do they hardly EVER pump up the percentages crypto does in such a short time span. This is the main reason the HIGH of an Automatic Rally in Phase A is hardly ever up to the height of the highs in Phase B of an Accumulation Schematic.

Also keep in mind I "know" I have members of Composite Groups who frequent my posts in publications. I'm NOT saying that to be arrogant or to act like I'm "somebody of note." Cause I'm not... I simply "know" because two of them are following me. Also, I'm NOT going to say their user name.

I'm simply pointing this out to say this information could be used to your disadvantage if you're not careful. Meaning, it's STILL possible they take this down to the 0.618 FIB at $8,123.82 before they begin a SPRING with A TEST.

Remember, as I posted in the note in the chart above, a SPRING is a price move BELOW the support level of the Trading Range (TR) established in phases A and B that quickly reverses and moves back into the TR. It is an example of a bear trap because the drop BELOW support APPEARS to signal resumption of the downtrend. IN REALITY, THOUGH, this marks the beginning of a new uptrend, trapping the late sellers, or bears. In Wyckoff's method, a SUCCESSFUL test of supply represented by a spring (or a shakeout) provides a high-probability trading opportunity.

IMPORTANT: A low-volume SPRING (or a low-volume test of a shakeout) indicates that the stock is likely to be ready to move up, so this is a good time to initiate at least a partial long position. The key is checking the volume in our current location compared to previous downward price movements.

NOTE: how I had the Red Horizontal Ray marking the Upper part of the trading range (TR) and the Black Horizontal Ray marking the SUPPORT part of the trading range (TR). We have just now went below the support line of the trading range.  The BLACK SUPPORT LINE of the TR at $9022.82 and the RED RESISTANCE LINE of the TR at $11,780.

Here is a link with further information on the EVENTS TO OCCUR WITHIN THE SCHEMATIC. It was put together well in a short synopsis of Wyckoff Schematics: http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:the_wyckoff_method

Books by Wyckoff can be found here. However, make sure to scroll down till you see the name, Richard Wyckoff. MANY other books on trading can be found here as well. Excellent source of trading material FREE online: http://www.traders-software.com/Trading%20Books/

An excellent video to start with on teachings for Wyckoff by David H. Weis can be found here: "David Weis on Wyckoff, Support/Resistance , and Waves" - https://www.youtube.com/watch?v=uzISUr1itWg&amp=&ytbChannel=BigMikeTrading

3 day candle chart on bitcoinwisdom shows a close enough double top

https://en.wikipedia.org/wiki/Double_top_and_double_bottom
The time between the two peaks is also a determining factor for the existence of a double top pattern. If the tops appear at the same level but are very close in time, then the probability is high that they are part of the consolidation and the trend will resume.

current trend is bullish both technical and fundamental

very close tops
good chance to buy

dmwardjr
Legendary
*
Offline Offline

Activity: 1246
Merit: 1059


Crypto Trading Technical Analyst


View Profile
March 09, 2018, 03:55:18 AM


3 day candle chart on bitcoinwisdom shows a close enough double top

https://en.wikipedia.org/wiki/Double_top_and_double_bottom
The time between the two peaks is also a determining factor for the existence of a double top pattern. If the tops appear at the same level but are very close in time, then the probability is high that they are part of the consolidation and the trend will resume.

current trend is bullish both technical and fundamental

very close tops
good chance to buy


Agreed...
Rosewater Foundation
Sr. Member
****
Offline Offline

Activity: 392
Merit: 254



View Profile
March 09, 2018, 03:56:39 AM
Merited by Globb0 (2)

Trends mean as much as my ass does with Kobayashi on the loose.
NB. My ass means nothing
dmwardjr
Legendary
*
Offline Offline

Activity: 1246
Merit: 1059


Crypto Trading Technical Analyst


View Profile
March 09, 2018, 03:59:47 AM

Trends mean as much as my ass does with Kobayashi on the loose.
NB. My ass means nothing

Well, with him advertising what he has to sell, I'm sure there are plenty of multi-millionaires out there who would love to chew him a new ass by gobbling up those coins.
JayJuanGee
Legendary
*
Online Online

Activity: 1960
Merit: 1860


How much alt coin diversification is needed? 0%?


View Profile
March 09, 2018, 04:03:08 AM


3 day candle chart on bitcoinwisdom shows a close enough double top

https://en.wikipedia.org/wiki/Double_top_and_double_bottom
The time between the two peaks is also a determining factor for the existence of a double top pattern. If the tops appear at the same level but are very close in time, then the probability is high that they are part of the consolidation and the trend will resume.

current trend is bullish both technical and fundamental

very close tops
good chance to buy


Agreed...

I don't know what to think.

I did spend part of today restructuring several of my BTC buy orders in seemingly realistic possible ways between $8700 and $3,500, just in case.

My BTC sell orders are largely in place - and they go up to what feels like embarrassingly high levels that are NOT likely to fill any time soon - even though they had seemed like they were with a range of decently probable in mid-December... now those sell orders are all just dangling up there, reminding me in a kind of "stratospheric" area.
mymenace
Legendary
*
Offline Offline

Activity: 1596
Merit: 1061


Smile


View Profile
March 09, 2018, 04:04:32 AM


3 day candle chart on bitcoinwisdom shows a close enough double top

https://en.wikipedia.org/wiki/Double_top_and_double_bottom
The time between the two peaks is also a determining factor for the existence of a double top pattern. If the tops appear at the same level but are very close in time, then the probability is high that they are part of the consolidation and the trend will resume.

current trend is bullish both technical and fundamental

very close tops
good chance to buy


Agreed...

I don't know what to think.

I did spend part of today restructuring several of my BTC buy orders in seemingly realistic possible ways between $8700 and $3,500, just in case.

My BTC sell orders are largely in place - and they go up to what feels like embarrassingly high levels that are NOT likely to fill any time soon - even though they had seemed like they were with a range of decently probable in mid-December... now those sell orders are all just dangling up there, reminding me in a kind of "stratospheric" area.

same feeling

from about price point $6000USD (and got it back their to rebuy) seems like someone else took over the markets

both fud and btc volume,

5 sides from what i can tell , bcash, mining, media, legislation, hacks

testing control and moving up and down

opportunity if you can get it, $2000 swings


Belief the train has left the station
Belief the technology is on a rocket to the moon
Belief there are no more stations, all aboard

Then why the stoppage?

Rosewater Foundation
Sr. Member
****
Offline Offline

Activity: 392
Merit: 254



View Profile
March 09, 2018, 04:06:20 AM

Because 160,000 BTC are preparing to be dumped on the market. Am I the only one here??
mymenace
Legendary
*
Offline Offline

Activity: 1596
Merit: 1061


Smile


View Profile
March 09, 2018, 04:08:47 AM

Trading cryptos is as addictive as gambling.  When I break my rule of not trading on bear markets, then I get burned. During the rule of Karhu, one must be humble and without greed. Karhu will bless those who will stay in fiat and keep out of crypto during these times. Predictability is too low and the odds unfavorable for success.
There are rumors that 'Binance hack' was just a diversion. Something that sounded alarming enough to justify the selling volume, and something that was weak enough for regular Joes to keep up their bids to catch the "panic sellers".
Usually, during bull markets the weekdays are good and the weekends are bad. During bear markets, it's usually the opposite. So, there is a good chance that the price will recover a little in the next couple of days, but it still is a risky gamble, because bear markets have the tendency steer in the direction that will be surprising to the majority.

The main thing that gives bitcoin value is belief. Belief has to pay for about 5 billion dollars per year for electricity and hardware to run a payment network with 5 million users. That is a lot of weight on belief and belief can only do so much. Unnecessarily expensive and outdated systems like BTC PoW mining are dragging this market down.

from about price point $6000USD seems like someone else took over the markets

both fud and btc volume,

5 sides from what i can tell , bcash, mining, media, legislation, hacks

testing control and moving up and down

opportunity if you can get it, $2000 swings


Belief the train has left the station
Belief the technology is on a rocket to the moon
Belief there are no more stations, all aboard

Then why the stoppage?

fib chart perfect each bottom hey








yes the mtgox sell off over 164000btc we hearin and seein it
explorer
Legendary
*
Offline Offline

Activity: 1568
Merit: 1126



View Profile
March 09, 2018, 04:10:38 AM
Merited by cAPSLOCK (1)

Another wannabe trader thinks he can analyse patterns, trends and support/resistance on the 5 minute chart.



Sigh.

via Imgflip Meme Generator
JayJuanGee
Legendary
*
Online Online

Activity: 1960
Merit: 1860


How much alt coin diversification is needed? 0%?


View Profile
March 09, 2018, 04:12:09 AM

Because 160,000 BTC are preparing to be dumped on the market. Am I the only one here??


That is not true.

It might happen, but you are overly emphasizing the thread or even the impact of 160k coins hitting the BTC market.  BTC can easily absorb 160k coins if there is not some of the other FUD going on including.. just FUDsters taking advantage of downward momentum to see if they can get weak hands like you to sell.
Rosewater Foundation
Sr. Member
****
Offline Offline

Activity: 392
Merit: 254



View Profile
March 09, 2018, 04:15:04 AM

BTC can easily absorb 160k coins
Wat??
Bitcoinaire
Sr. Member
****
Offline Offline

Activity: 572
Merit: 349



View Profile
March 09, 2018, 04:16:45 AM

I should've sold more in January.....
BobLawblaw
Legendary
*
Offline Offline

Activity: 1344
Merit: 1965


BitcoinTalk's Most Fabulously Gay Black Power-Top


View Profile
March 09, 2018, 04:16:54 AM

Hindsight being what it is, I knew I should have listened to my gut and sold a chunk at $11.5k the other day Sad

Fuck.

Oh well.

I have no idea why the Dumposaurus Rex is chasing everyone down this evening.
bones261
Legendary
*
Online Online

Activity: 1624
Merit: 1659


KnowNoBorders.io


View Profile
March 09, 2018, 04:19:26 AM

Because 160,000 BTC are preparing to be dumped on the market. Am I the only one here??


That is not true.

It might happen, but you are overly emphasizing the thread or even the impact of 160k coins hitting the BTC market.  BTC can easily absorb 160k coins if there is not some of the other FUD going on including.. just FUDsters taking advantage of downward momentum to see if they can get weak hands like you to sell.

According to this article, http://fortune.com/2018/03/07/nobuaki-kobayash-sells-bitcoin/, he's been selling since September. It seems he is taking some care to not totally crash the market. To give some perspective, it takes about 92 days to mine 165,000 coins. I think the market can handle it. Although it might hobble along for quite a while.
HairyMaclairy
Hero Member
*****
Online Online

Activity: 896
Merit: 1450


Degenerate bull hatter & Bitcoin monotheist


View Profile
March 09, 2018, 04:20:42 AM
Merited by jbreher (1)

How is it that no one has figured out that Kobayashi is actually Keyser Soze?
mymenace
Legendary
*
Offline Offline

Activity: 1596
Merit: 1061


Smile


View Profile
March 09, 2018, 04:21:38 AM

Because 160,000 BTC are preparing to be dumped on the market. Am I the only one here??


That is not true.

It might happen, but you are overly emphasizing the thread or even the impact of 160k coins hitting the BTC market.  BTC can easily absorb 160k coins if there is not some of the other FUD going on including.. just FUDsters taking advantage of downward momentum to see if they can get weak hands like you to sell.

According to this article, http://fortune.com/2018/03/07/nobuaki-kobayash-sells-bitcoin/, he's been selling since September. It seems he is taking some care to not totally crash the market. To give some perspective, it takes about 92 days to mine 165,000 coins. I think the market can handle it. Although it might hobble along for quite a while.


listen to the universe and the report

he wants top value for the coin

buy the dip

$2000 swings easy

sideways action

have fun
HairyMaclairy
Hero Member
*****
Online Online

Activity: 896
Merit: 1450


Degenerate bull hatter & Bitcoin monotheist


View Profile
March 09, 2018, 04:29:53 AM
Merited by jbreher (1)

Hindsight being what it is, I knew I should have listened to my gut and sold a chunk at $11.5k the other day Sad

Fuck.

Oh well.

I have no idea why the Dumposaurus Rex is chasing everyone down this evening.

Chill out a few more years and be a billionaire instead. And have women from Town & Country magazine scoping you out, which seems to be some American version of Tatler. Crypto at the gates indeed. 
Pages: « 1 ... 19787 19788 19789 19790 19791 19792 19793 19794 19795 19796 19797 19798 19799 19800 19801 19802 19803 19804 19805 19806 19807 19808 19809 19810 19811 19812 19813 19814 19815 19816 19817 19818 19819 19820 19821 19822 19823 19824 19825 19826 19827 19828 19829 19830 19831 19832 19833 19834 19835 19836 [19837] 19838 19839 19840 19841 19842 19843 19844 19845 19846 19847 19848 19849 19850 19851 19852 19853 19854 19855 19856 19857 19858 19859 19860 19861 19862 19863 19864 19865 19866 19867 19868 19869 19870 19871 19872 19873 19874 19875 19876 19877 19878 19879 19880 19881 19882 19883 19884 19885 19886 19887 ... 24597 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!