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

[HairyMaclairy]

Short squeeze. 

Please come back next weekend.

[1660027777]

1660027777

[1660027777]

1660027777

[1660027777]

1660027777

[1660027777]

1660027777

[infofront]

As I was browsing some other tradingview forecasts, I came across at least one bullish scenario that looks/sounds plausible.

Yes, other folks are calling for endless doom, like we're stuck in the ATH 0.00% bear channel forever until $2K. I think we already reversed at $6K, as evidenced by the formations (and lack of retraces) in the rally that followed up to $11,700. Now we've retraced that pump all the way back to the magic 0.705 OTE -0.44% zone, and are primed for the next run up. Could we drop a little further? to the 0.764? more?? sure -- but you're better off dollar cost averaging your buys down here instead of chasing the PERFECT bottom, only to get stuck in the gutter as the rocket leaves the launch pad. So I'm quite happy to have bought $7700, and will buy again $7350 and $6950 -- because going up from here, on the right wing of this harmonic pattern , I'm not going to look back and care that much about a few hundred dollars at the entry point

As for timing - we're finishing this descending wedge , and falling until something kicks the market. And right now the looming "news event" (which often causes the market to stall in anticipation) is the G20 meeting of finance ministers and central bank governors in Argentina on Monday the 19th. It seems that cryptocurrency will be on the agenda.

So just like the senate hearings, where the world waited and held its breath, dumping alllllll the way up to the fateful day only to have nothing but positive news from the hearing itself -- we're still slumping in this wedge . The 19th provides the perfect intersection of rising trendlines , the 0.764 retrace fib, and this selloff, making $7350 my favorite entry point, but holding some reserve bids at $6950 as well, just in case bears try to spook the market by breaking a few trendlines at the last second and stop hunting. All it will take is the slightest whiff of favorable news from the world's finance misters, praising the blockchain or at least NOT banning crypto, to light the rocket.

[Toxic2040]

Short squeeze. 

Please come back next weekend.

[Dakustaking76]

Ore its a bull trap...

[d_eddie]

Short squeeze. 

Please come back next weekend.

Yep. Sheer luck. I closed my long with serious profit. Now back to shorting, ready to let go still in the green if it really moons, but actually preparing to get rich (well, almost) in a < 6k scenario.

[d_eddie]

(img snipped for legibility)

See how similar does it look? It is all over GoX again. Bloodbath to $2k incoming. They won't let it shoot up again unless dumb people do panic sells below $5k.

I checked that page, but I don't get the point. It seems to have been written in 2017 and updated.

*Btw whoever made this TA is a fucking genius and a legend.

The statements and predictions are generic, and there are whole orders of magnitude between alternatives. Are you being serious or sarcastic?

I don't know what you're looking at, but it looks to me like he absolutely fucking nailed it:


(relevant "comment by img" snipped for legibility)

Allright, that's too many knowledgeable voices defending this analysis, including fabiorem and possibly others not quoted here. I guess I must be wrong and just failed to see value in that post. Maybe I should read it again, with more attention.

[TERA2]

This is.. adoption of an entire TECHNOLOGY, eg blockchain.. not the pumping of the price value of a single coin/stock. Going back to your chart, how much was the first telephone/etc stock worth at the end of the chart?

[fabiorem]

This is.. adoption of an entire TECHNOLOGY, eg blockchain.. not the pumping of the price value of a single coin/stock. Going back to your chart, how much was the first telephone/etc stock worth at the end of the chart?

Telephones were not used as a currency.

[Last of the V8s]

"... these crypto-assets do not pose a risk to global financial stability," said Mark Carney

[doc12]

This is.. adoption of an entire TECHNOLOGY, eg blockchain.. not the pumping of the price value of a single coin/stock. Going back to your chart, how much was the first telephone/etc stock worth at the end of the chart?

Blockchain is just a database, its not separable a powerful POW network.

[TERA2]

As I was browsing some other tradingview forecasts, I came across at least one bullish scenario that looks/sounds plausible.

Why do people draw bats all over charts? It never means or predicts anything

[Searing]

OK...was despondent..... BTC and alt coins tanking...what to buy before they tank more...Kirby Vacumn salesman sold me a unit..just now....price went up $500 bucks for BTC

what the frack else should I do or buy? In that my retirement of 1/14/18 crashed crypto...I feel bad...(Karma hates me not working...)

...obviously, I control the BTC price with my odd behavior....such power....

(crap, now I actually have to clean stuff....crap....crap....retired 1/14/18 ..now I actually have to paint/fix my plumbing and actually SWEAT..use ladders ...sh*t....this whole retirement

thing..may not have been thought out fully)

hmm....what other odd things can I buy/do today to drive BTC price up.....hmmmm ...must be mundane...hmmm....the power!...it is daunting!


edit: buyer's remorse now up $900 bucks!

[thisisntbic]

As I was browsing some other tradingview forecasts, I came across at least one bullish scenario that looks/sounds plausible.

Why do people draw bats all over charts? It never means or predicts anything

I believe it is mocking the original poster of the chart, implying that the lines they drew mean as much as a bat/batman pasted on top.

[TERA2]

As I was browsing some other tradingview forecasts, I came across at least one bullish scenario that looks/sounds plausible.

Why do people draw bats all over charts? It never means or predicts anything

I believe it is mocking the original poster of the chart, implying that the lines they drew mean as much as a bat/batman pasted on top.

No that was me that put the bats on there, but he drew the lines shaped like bats originally..

[HairyMaclairy]

Short squeeze.  

Please come back next weekend.

Yep. Sheer luck. I closed my long with serious profit. Now back to shorting, ready to let go still in the green if it really moons, but actually preparing to get rich (well, almost) in a < 6k scenario.

Too early I think. Wait for next weekend.  This G20 news could very well drive a relief rally.

[HanvanBitcoin]

Holy fuck. That was an easy 10% gain Bought some more BTCTC this mourning. Watched the first race of MotoGP, went out with some friends to a restaurant, come back home and BTCoom, money made

[jojo69]

[bitserve]

Nice 1hr candle... but... mmhhh... donno

[luckygenough56]

that's one big candle

[HairyMaclairy]

G20 holds fire on crypto-regulation ... way clear for ETFs?

No.  G20 says crypto too small to regulate. SEC says crypto too small for ETFs.