Bitcoin Forum
July 15, 2020, 01:07:48 PM *
News: Latest Bitcoin Core release: 0.20.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: When will BTC finally break out (up or down)?
July - 11 (18.3%)
August - 16 (26.7%)
September - 15 (25%)
October - 18 (30%)
Total Voters: 60

Pages: « 1 ... 20464 20465 20466 20467 20468 20469 20470 20471 20472 20473 20474 20475 20476 20477 20478 20479 20480 20481 20482 20483 20484 20485 20486 20487 20488 20489 20490 20491 20492 20493 20494 20495 20496 20497 20498 20499 20500 20501 20502 20503 20504 20505 20506 20507 20508 20509 20510 20511 20512 20513 [20514] 20515 20516 20517 20518 20519 20520 20521 20522 20523 20524 20525 20526 20527 20528 20529 20530 20531 20532 20533 20534 20535 20536 20537 20538 20539 20540 20541 20542 20543 20544 20545 20546 20547 20548 20549 20550 20551 20552 20553 20554 20555 20556 20557 20558 20559 20560 20561 20562 20563 20564 ... 27101 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21741877 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. (147 posts by 36 users deleted.)
Samarkand
Sr. Member
****
Offline Offline

Activity: 630
Merit: 278


View Profile
May 31, 2018, 02:51:36 PM

...
Normally PoS wouldn't be able to win if PoW actually worked as advertised, but it doesn't.  It's just centralized vs centralized.  Also, you nooblords in this thread don't seem to understand adversarial mining works better the lower the block reward goes, which probably also blows up PoW in the end.  
...

Theoretically I would agree with the bolded part of the quote, but in practice
Bitcoin will be fine.

Let´s imagine the (likely) scenario in August 2024:
1. The Bitcoin block reward is only 3.125 BTC / block at this time (oh, no, adversarial mining is a real danger now!!)
2. BTC is trading for 120000 $ / BTC.
3. This means that the block reward is actually higher in terms of fiat money than it is now (375k $ / block vs. ~94k $ / block now)

Even though the block reward may be lower measured in BTC it will be much higher in $. And miners obviously
have to pay their electricity, their staff and their hardware in fiat money (unless Bitmain is still
accepting only BCH for their miners
 Grin  ).

The doomsday scenario where the block reward halvings make adversarial mining more attractive are therefore
not really realistic. Besides, my estimate didn´t even take into account the revenue for miners that is generated by
transaction fees, which will likely be higher than it is now.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
4rt3m
Full Member
***
Offline Offline

Activity: 756
Merit: 146



View Profile
May 31, 2018, 02:58:33 PM

What if realr0ach is the Satoshi, just changed his mind of cryptocurrency?
Ludwig Von
Sr. Member
****
Offline Offline

Activity: 840
Merit: 307



View Profile
May 31, 2018, 03:28:06 PM

https://bravenewcoin.com/news/bitcoin-price-analysis-geopolitical-turmoil-and-economic-unrest/

Moar FUD.

Quote
Technical Analysis

Bitcoin price structure has remained in consolidation purgatory since cooling off from a meteoric rise near the end of 2017. Periods of ranging, indecisive price action are critical for the market to regain momentum for a move in either direction. A key hallmark for this is a descending volume profile, which has been the case since the low set in February.

Although consolidation within a trend should always be assumed as trend continuation, casting a wide net with analysis, while avoiding analysis paralysis, and mapping out several scenarios is the key to eliminating surprises. Predicting the exact future price is less important than reacting to the price action with a potential trajectory and predetermined target.

This process can be done with Chart Patterns, Ichimoku Cloud, Moving Averages, Pitchforks, and historic macro trends. Further background information on the technical analysis discussed below can be found here.

A symmetrical triangle has formed as price has consolidated, making lower highs and higher lows. In Technical Analysis of Stock Trends (1948), Edwards and Magee suggest that roughly 75% of these triangles lead to a continuation of the trend, while the rest mark reversals. In any case, this pattern will be a ‘trade the breakout’ situation as it will likely lead to weeks of trend follow through. Breakouts post consolidation typically occur after at least 66% of the triangle has completed (yellow highlight).

...

Inverted patterns are typically seen at the top or markets, not after a downward move. While this makes the probability of the pattern becoming a reality less likely, it does not mean that it cannot happen. An inverted Head and Shoulders appeared on the weekly Oil chart after a significant downward move as well, which reached it’s 1.618 fib extension almost exactly on target.

If this inverted Adam and Eve is real, it yields a price projection of ~US$2,900 and US$4,600 based on the measured move and 1.618 fib extension. The measured move target nearly matches the low set in September, as well as the previous resistance throughout June and August.

Bitcoin Price Analysis 31 May 2018 14Bollinger Bands, a measure of price volatility, have also coiled tighter and tighter, as illustrated by the Bollinger Band Width (BBW) indicator. An oscillator similar to RSI, %B, which shows the depth of price relative to the Bands, shows a growing bullish divergence as price dips lower without further expansion of the Bands themselves.

Bitcoin Price Analysis 31 May 2018 15The Ichimoku Cloud uses four metrics; the current price in relation to the Cloud, the color of the Cloud (red for bearish, green for bullish), the Tenkan (T) and Kijun (K) cross, and the Lagging Span. The best entry always occurs when most of the signals flip from bearish to bullish, or vice versa.

The Cloud metrics on the weekly time frame are; price above Cloud, nearly bearish Cloud, newly bearish TK cross, and Lagging Span in price and above Cloud. Together, these signals suggest the trend is neutral but leaning weakly bullish because price remains above Cloud. This is the first TK cross since 2015, while the previous bearish TK cross in a similar position led to a multi-month downtrend. TK crosses on high timeframes are significant and should be seen a long exit signal for trade entries which began in 2015.

Price itself is below the Kijun and, seemingly, in no-man’s land. A long entry would not be warranted until price is above the Kijun with a bullish TK cross, essentially also above the neckline of the head and shoulders chart pattern.

...

Conclusion

For better or worse, economic and trade policies worldwide have begun to dramatically shift with multiple political uncertainties. Bitcoin, and cryptocurrencies broadly, have more recently represented a global futures market to price-in credit risk or lack of confidence in leadership. CNBC recently discussed Bitcoin as a fear gauge for the market, similar to the volatility index.

Technicals are the most bearish they have been in months. Based on the current price structure, breaking up would be much more surprising than breaking down. Admittedly, trend-based indicators like the Cloud become more noisy with non-trending price action, and therefore less reliable for actionable signals. However, even when zooming out on the price action, many of the technicals remain bearish. Currently, the trend indicator to watch is the 50/200EMA on the two day timeframe.

Although too early to determine, one ray of hope would be the possibility of this entire consolidation period representing re-accumulation. Essentially, the entire bull trend from 2015 has been reset, which gives plenty of fuel for a new all time high just as easily as returning to new lows. The direction may be unclear, but the volume-based momentum will be obvious.

A lot of literature to say : "We have no idea, no clue".  Cheesy
Elwar
Legendary
*
Offline Offline

Activity: 3136
Merit: 1718


Viva Ut Vivas


View Profile WWW
May 31, 2018, 03:49:49 PM

They changed bitcointalk policy due to NotLambChop's epic trolling.

I wonder how long it will take to do the same for this troll.

My suggestion:
Allow for auto-ignore of all posts quoting ignored posts.
Toxic2040
Hero Member
*****
Offline Offline

Activity: 840
Merit: 1610


View Profile
May 31, 2018, 04:14:01 PM

Good morning all

I see we are having a mild recovery from a mostly negative month of May. As we close out I think we will test $8k+ over this coming weekend.

1h

On the hourly we are seeing sideways bands of re-accumulation after what has been a month of mostly low volume sell offs. I think we will retest support at $7.4k before moving upwards after the daily close. The 5th leg of this EW is extending farther than I thought but might be completing, indicating a possible corrective ABC wave might be developing.

4h

Testing upwards resistance as the Dragon has finally turned and is heading back upwards towards the mountain top. It appears that another liquidity pool is starting to fill up and might complete around the first week of June.

D

We are well below support levels on the daily. We have one major area of resistance at a 0.236 fib that I believe will be tested soon. Support was tested at $7.1-7.3k fairly thoroughly earlier in the week and held, indicating a local bottom.

--------
I had a great Memorial Day weekend. Hope you all did as well.

Honor to those that serve.
 
Icygreen
Hero Member
*****
Offline Offline

Activity: 1134
Merit: 950


Here for the hats - observing monetary reform


View Profile
May 31, 2018, 04:21:16 PM

^ Hey Elwar, I like that suggestion.
Personally, I've tried many times to see bugs point of view and hope if he's sincere that he'll eventually make a strong case but until now he's mostly lost on me. Really, I've tried but can't follow. You know, when you read something really good and re-read because its so spot on... that doesn't happen with bug posts (although I have sensed intelligence a few times) He mentions Andreas quite a bit. Now that's someone I have no problem following train of thought with and re-reading (watching). I'd love to see a head to head with those 2 but I know it'll never happen. 
 
 
JimboToronto
Legendary
*
Online Online

Activity: 2604
Merit: 1730


You're never too old to be young.


View Profile
May 31, 2018, 04:23:36 PM

Good morning Bitcoinland.

I see we're back over $7.5kUSD... currently $7555USD/$9801CAD (Bitcoinaverage).

Tried to buy a couple of thousand fiat bucks at my local low-sell-fee ATM but the General Bytes machine had run out of thermal paper to print my redeem ticket so I had to wait until today. Nice to see the price up a wee.

The price rise may be small but every little bit helps when you're an old-age pensioner trying to eke out a living selling small amounts of Bitcoin.  Cool
infofront
Legendary
*
Offline Offline

Activity: 2072
Merit: 2071


Shitcoin Minimalist


View Profile
May 31, 2018, 04:30:33 PM

Poll Result Before Reset:



I was pretty far off. I always vote shortly after resetting the poll.
Elwar
Legendary
*
Offline Offline

Activity: 3136
Merit: 1718


Viva Ut Vivas


View Profile WWW
May 31, 2018, 04:41:53 PM

Poll Result Before Reset:



I was pretty far off. I always vote shortly after resetting the poll.

Interesting. I was a bit bearish and guessed 7500-8000.

I guess I win the big prize. When should I expect that in the mail?
infofront
Legendary
*
Offline Offline

Activity: 2072
Merit: 2071


Shitcoin Minimalist


View Profile
May 31, 2018, 04:45:15 PM

Poll Result Before Reset:



I was pretty far off. I always vote shortly after resetting the poll.

Interesting. I was a bit bearish and guessed 7500-8000.

I guess I win the big prize. When should I expect that in the mail?

R0ach received a one-way ticket to French Polynesia. You can pick him up at the airport tomorrow at 11am.
Congrats!
RayX12
Hero Member
*****
Offline Offline

Activity: 952
Merit: 552


View Profile
May 31, 2018, 04:48:54 PM
Merited by JimboToronto (1)

Why do all experts, whales and dickheads insist that capitulation has not occurred and cry, beg, scream, insist for lower prices?

I saw capitulation on Feb 5th!

Toxic2040
Hero Member
*****
Offline Offline

Activity: 840
Merit: 1610


View Profile
May 31, 2018, 04:50:09 PM

-snip-

I was pretty far off. I always vote shortly after resetting the poll.

Almost afraid to post..after what happened last time.  Cheesy     C'est la vie

I take the polls when they come out as well..but remembering to take a early screen..now that is another thing entirely.


Interesting. I was a bit bearish and guessed 7500-8000.

I guess I win the big prize. When should I expect that in the mail?

Yes..please wait at or near your mail box...its on the way.

R0ach received a one-way ticket to French Polynesia. You can pick him up at the airport tomorrow at 11am.
Congrats!
lol
Anon136
Legendary
*
Offline Offline

Activity: 1666
Merit: 1211



View Profile
May 31, 2018, 04:58:49 PM
Merited by JayJuanGee (1)

If it manages to hold above 7k this time, this will be the second higher low. All three bottoms are nice and evenly spaced out too. Confidence that the bottom is in could be all that we need in order to make new all time highs in short order.
Last of the V8s
Legendary
*
Offline Offline

Activity: 1526
Merit: 3850


Be a bank


View Profile
May 31, 2018, 05:07:56 PM

'offensive'? no, fuck all that, the bug just spews spammy nonsense.


 anyway
Mugger: "gimme your wallet!"
Bitcoiner: Sure


maybe not lol
Anon136
Legendary
*
Offline Offline

Activity: 1666
Merit: 1211



View Profile
May 31, 2018, 05:27:08 PM



Whips that knife out to pay for coffee at starbucks. Beta male on other side of counter pisses himself.
btcbeliever
Member
**
Offline Offline

Activity: 212
Merit: 25


View Profile
May 31, 2018, 05:27:52 PM

If it manages to hold above 7k this time, this will be the second higher low. All three bottoms are nice and evenly spaced out too. Confidence that the bottom is in could be all that we need in order to make new all time highs in short order.

New All Time Highs in short order - that has such a beautiful sound to it!
bones261
Legendary
*
Offline Offline

Activity: 1806
Merit: 1823



View Profile
May 31, 2018, 05:31:50 PM

Where does a cockroach r0ach hide in winter bull season?



Bitcoin's looking bullish; as soon as we go on a run, people like realr0ach will go away.

A bull market will not deter realr0ach. Just like a roach, he is tenacious. During a bull run, we are bound to hear the exact same arguments again and again. We will also hear much about Bitfinex painting the tape with Tethers. R0ach used to be a trader. However, I believe that he was turned off by the bullshit he perceived as happening with Bitfinex. When Bitfinex has "hacked" in late 2016, I think that was the final straw for him. Perhaps if Bitfinex would just go belly up, that would make R0ach go away. However, there are a lot more players in this space pulling some dubious shit, so I doubt it.
Samarkand
Sr. Member
****
Offline Offline

Activity: 630
Merit: 278


View Profile
May 31, 2018, 05:43:30 PM
Merited by arklan (10), Dabs (3), jbreher (1), infofront (1), bones261 (1), Icygreen (1), d_eddie (1)

...
A bull market will not deter realr0ach. Just like a roach, he is tenacious. During a bull run, we are bound to hear the exact same arguments again and again. We will also hear much about Bitfinex painting the tape with Tethers. R0ach used to be a trader. However, I believe that he was turned off by the bullshit he perceived as happening with Bitfinex. When Bitfinex has "hacked" in late 2016, I think that was the final straw for him. Perhaps if Bitfinex would just go belly up, that would make R0ach go away. However, there are a lot more players in this space pulling some dubious shit, so I doubt it.

E.g. BitMEX that has been running its own for-profit trading subsidiary on its own platform...

Regarding realr0ach, most of you are getting to worked up over his posts.
Just grab a cold beverage of your choice and print out your own realr0ach Bingo card and follow
the thread Wink






Last of the V8s
Legendary
*
Offline Offline

Activity: 1526
Merit: 3850


Be a bank


View Profile
May 31, 2018, 05:44:48 PM

^merit Cheesy

https://hackernoon.com/what-its-like-to-date-a-bitcoiner-e3c4ba702472?gi=35566005348f

Last of the V8s
Legendary
*
Offline Offline

Activity: 1526
Merit: 3850


Be a bank


View Profile
May 31, 2018, 05:46:48 PM
Last edit: May 31, 2018, 06:00:12 PM by Last of the V8s

here we go Grin

edit, was just a wick up

will break 7600 tonight for sure
Pages: « 1 ... 20464 20465 20466 20467 20468 20469 20470 20471 20472 20473 20474 20475 20476 20477 20478 20479 20480 20481 20482 20483 20484 20485 20486 20487 20488 20489 20490 20491 20492 20493 20494 20495 20496 20497 20498 20499 20500 20501 20502 20503 20504 20505 20506 20507 20508 20509 20510 20511 20512 20513 [20514] 20515 20516 20517 20518 20519 20520 20521 20522 20523 20524 20525 20526 20527 20528 20529 20530 20531 20532 20533 20534 20535 20536 20537 20538 20539 20540 20541 20542 20543 20544 20545 20546 20547 20548 20549 20550 20551 20552 20553 20554 20555 20556 20557 20558 20559 20560 20561 20562 20563 20564 ... 27101 »
  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!