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

[Gab0]

A (big) jump from here will make bitcoin have a confirmed:

-three rivers bottom
-giant diamond bottom
-triple bottom

...and bears will have wet-pants bottom

I'd like to think you're right ... but until now, you're the most reliable contraindicator I've been able to find in this thread since December 17th.

Alright, so it's clear that bitcoins future trading at CME will be rolling out in approximately 3 hours and 5 minutes from now. Things are going to get interesting, I don't know why but I'm sensing $22k-$25k within first couple of hours. CBOE is nothing like CME, CME has a much larger volume than CBOE. So we can go more wilder than before.

http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_contract_specifications.html

I read that message as they say TODAY that trading will start TOMORROW.

Well I re-read that and seems like you're correct. Today they notified that tomorrow the trading will begin.

I think the next 28 hours can go in a big pump-mode, and then the market will calm down. I still think it can cross $22k to $25k within or right after this period.

The price drops to ~ 10700

Below $7k-$8k, there're heck of buy orders ready, so there's almost no chance of seeing $6xxx again IMO.

 

Bitcoin seems to be stabilizing at $11,000, and looking bullish. I'd not be surprised if it surpasses $12,000 within the next 2 days.

Days later price crashes to ~ 7000

Ignore the green/red combination of candles, but this is something that's probably gonna happen in next 3 days:

3 days later, the price touches ~ 6400

This is probably the last month (*of our lifetimes) which can get you a bitcoin for below $10,000.

 

We've strong support at around $7800, probably, we're not going below that.

Days later price drops around ~ 7000

[JayJuanGee]

Let’s hope so because I’m starting to get a little concerned atm

why? 20 grand was just as dumb an overshoot as 2013 but maybe less crooked, though that may not be a dead cert yet. $3-5k is more than possible or lower and that would be pretty normal based on previous behavior. i'd only get concerned if it went sub $1000.

Screw that noise, Jack! You should be more salty. This is a bloody epic tragedy of epic proportions.

Exaggeration..  only a healthy correction. 

If we go below $6k, I am going to start worrying, and I would worry all the way down to $1k and below.  The lower it goes, the more I would worry.  However, I am also planning to buy BTC all the way down too... while I am worrying.   I may start to have to really budget my fiat if the BTC price were to go significantly below $3k - because at each stage that the BTC price goes down, the more that I have to dig into reserves, then reserve reserves, then reserve reserve reserves, then reserves x4, etc. etc. etc....   Then running out of reserves would mean to HODL and to worry more. 

In other words, $3k seems like the absolute bottom of any worser case scenario, but it would be better if $6,500 and $6k support levels don't get broken.

[4rt3m]

PLEASE READ IF YOU POST IMAGES THERE

[img width=500] — this is what you need to type before you post a picture. Digits can be different (100, 300, 700 etc.), more or less, but it would save space on page, especially when someone quote your post with image.  Thank you!

[junckmonkey]

should i buy this?

NM, BTGDDIP!a2!!1wooooohweeeeeee

[junckmonkey]

Small pump hell yeah!

woooh, going for it, wish me luck!!!

OMG: I'm FAt!!!

[JayJuanGee]

Small pump hell yeah!

woooh, going for it, wish me luck!!!

Why wish you luck?  Has this become a gambling thread, now?

You come off as an attention seeking troll that is preparing to come back to the thread and to whine about all the money you supposedly lost from having had entered a leverage long and mortgaging your house based on your emotions.  

[junckmonkey]

Small pump hell yeah!

woooh, going for it, wish me luck!!!

Why wish you luck?  Has this become a gambling thread, now?

You come off as an attention seeking troll that is preparing to come back to the thread and to whine about all the money you supposedly lost from having had entered a leverage long and mortgaging your house based on your emotions.  

JJG, I like your investing approach.   Been reading your words now for awhile, much love.  I just feel I have a beet of a neeche to geet in.

[junckmonkey]

I would like to ask my posting friend nanobtc for advice.  TYIA  *(TankUinAdvance)((((!!!!!!

[jojo69]

fucking christ

[JayJuanGee]

Small pump hell yeah!

woooh, going for it, wish me luck!!!

Why wish you luck?  Has this become a gambling thread, now?

You come off as an attention seeking troll that is preparing to come back to the thread and to whine about all the money you supposedly lost from having had entered a leverage long and mortgaging your house based on your emotions.  

JJG, I like your investing approach.   Been reading your words now for awhile, much love.  I just feel I have a beet of a neeche to geet in.

Win me over with flattery... ..

I am so embarrassing...



hahahhahaha



There is nothing wrong with taking a bit of a heavier "in" position based on feelings about the direction of BTC price... So, for example, sometimes you can overbuy BTC for a little while if the price is going down with plans to even out your risk (by selling) when the price goes back up.  That kind of overbuying bet can be made in a reasonable way.

The same is true for when BTC price are going up.  You can sell a bit more than you would otherwise sell, out of anticipation that the BTC price is going to reverse at some soon point.

No matter which direction you are playing the price, I would suggest to NOT go 100% with your overbetting, just in case you are wrong about the impending reversal.

In essence, I am not going to quibble with you or your strategy if you are engaging in a form of front loading and anticipating the price direction, but if you hoping for luck with a kind of gambling, those kinds of tactics are more difficult to manage and takes a while to build skills to bet based on reason and logic rather than pure faith (or luck as you mentioned).

[jojo69]

A (big) jump from here will make bitcoin have a confirmed:

-three rivers bottom
-giant diamond bottom
-triple bottom

...and bears will have wet-pants bottom

I'd be popping a bottle of $6 champagne.

WHAT'S THE WORD?

[junckmonkey]

https://i.imgur.com/UFonApN.jpg

fucking christ

wait, jojo, who is this friend of mine ?

[junckmonkey]

A (big) jump from here will make bitcoin have a confirmed:

-three rivers bottom
-giant diamond bottom
-triple bottom

...and bears will have wet-pants bottom

I'd be popping a bottle of $6 champagne.

WHAT'S THE WORD?

https://wine-searcher1.freetls.fastly.net/images/labels/15/45/thunderbird-the-american-classic-white-california-usa-10421545.jpg

GOING UP?

[junckmonkey]

bob, it is time for that 912 now man

PM me if you need help

[JayJuanGee]

Well, it's officially a sad day, folks.

Penis Man got mostly wiped out on satoshis.place.

This is still hanging in there, tho...

Yep...  

Concur about sad day for the blawb.  

In udder wurds, u seem to be having a not so good day, especially if you are employing zen-ism interpretation through name-calling practices of an approximate three-year old..     

Perhaps, try something like the below technique, while putting ur selfie in the middle.  Good luck.



 

[junckmonkey]

Small pump hell yeah!

woooh, going for it, wish me luck!!!

Why wish you luck?  Has this become a gambling thread, now?

You come off as an attention seeking troll that is preparing to come back to the thread and to whine about all the money you supposedly lost from having had entered a leverage long and mortgaging your house based on your emotions.  

JJG, I like your investing approach.   Been reading your words now for awhile, much love.  I just feel I have a beet of a neeche to geet in.

Win me over with flattery... ..

I am so embarrassing...

http://images.girlslife.com/posts/021/21625/breasts-521.jpg

hahahhahaha



There is nothing wrong with taking a bit of a heavier "in" position based on feelings about the direction of BTC price... So, for example, sometimes you can overbuy BTC for a little while if the price is going down with plans to even out your risk (by selling) when the price goes back up.  That kind of overbuying bet can be made in a reasonable way.

The same is true for when BTC price are going up.  You can sell a bit more than you would otherwise sell, out of anticipation that the BTC price is going to reverse at some soon point.

No matter which direction you are playing the price, I would suggest to NOT go 100% with your overbetting, just in case you are wrong about the impending reversal.

In essence, I am not going to quibble with you or your strategy if you are engaging in a form of front loading and anticipating the price direction, but if you hoping for luck with a kind of gambling, those kinds of tactics are more difficult to manage and takes a while to build skills to bet based on reason and logic rather than pure faith (or luck as you mentioned).

JJG, kind of curious, what kind of car do you drives?

[junckmonkey]

hwat ? one word--air/water

[regent4]

https://i.imgur.com/Xy3Nyr5.png

I'm tracking the short term monthly movement of BTC USD here http://blockchainshowdown.blogspot.com/2018/06/btc-usd-short-term-monthly-view.html

[junckmonkey]

hwat ? one word--air/water

356 FTW and I'm sure u wood too

[pacman7331]

Looks legit. Rounding bottom.