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Question: How much of your corn do you plan on cashing out in the next massive bull run?
None - 24 (18.9%)
1-10% - 16 (12.6%)
11-20% - 15 (11.8%)
21-30% - 18 (14.2%)
31-40% - 7 (5.5%)
41-50% - 14 (11%)
51-60% - 9 (7.1%)
61-70% - 5 (3.9%)
71-80% - 4 (3.1%)
81-90% - 2 (1.6%)
91-99% - 3 (2.4%)
100% - 10 (7.9%)
Total Voters: 127

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21787838 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. (148 posts by 37 users deleted.)
TERA2
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June 13, 2018, 09:53:47 AM

Gox closes in 2014, still getting goxxed in 2018.
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1597088512
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Reply with quote  #2

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dmwardjr
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June 13, 2018, 09:57:34 AM
Merited by infofront (1)

The odds are decently high we are in the later stage of Phase B in a Wyckoff Accumulation Schematic #1.  I'm getting this signal based on the price action since the fall from All Time High (ATH) of $19,666 on BitStamp and from the indicators I'm using.  

Yes, there's a "possibility" this is not an Accumulation Schematic but a Distribution Schematic instead.  If we go below $4,000, this will invalidate an Accumulation Schematic and confirm we were actually in Phase E of a Distribution Schematic all along.  This would require us to begin looking for a "Selling Climax" (SC) and a "base" to form shortly afterwards to mark the beginning of Phase A in a Wyckoff Accumulation Schematic.  If this is the case, we can pretty much rest assured the likely-hood of $100,000 bitcoin price is out the window for 2018 year end.  We would actually struggle to reach $25,000 by year end if we drop below $4,000; resulting in a Distribution Schematic.

I believe it's worth noting the volume is decreasing while the price action is falling in this 11-Day Time Frame (TF).  This is usually a good signal we are "potentially" nearing the end of Phase B and about to enter Phase C in a Wyckoff Accumulation Schematic.  Which see in the chart below:

EDIT:  We "could" end up rolling into another Automatic Rally and come down once more to current price range; which would delay beginning a Wyckoff Spring until September/October, 2018.



There is a "chance" of us falling below $4,000 and down to around the $2,980 price point when looking at higher Time Frames.  I will refrain from posting a chart with indicators on the 21-Day TF and higher unless we fall below $4,500.  THEN, I will post a higher TF to provide an idea of WHEN and at what price point a fall below $4,000 will take us.
kludzins
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June 13, 2018, 10:05:55 AM





Volume down = price down NO matter how strong is support.
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June 13, 2018, 10:10:15 AM
Merited by silverfuture (1), BobLawblaw (1)

am ready for anything bring it on bitcorn. Am a very patient man.
dmwardjr
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June 13, 2018, 10:11:15 AM
Last edit: June 13, 2018, 10:27:10 AM by dmwardjr

Volume down = price down NO matter how strong is support.

Just because Bull composite groups have not shown their "support" as of yet does not mean "support" does not exist.  In fact, I'm not expecting the bull "composite groups" to reveal their "support" until AFTER we fall just below $5,920.72.  THAT price point will be the point at which we begin to pay more attention as to whether this will result in a Wyckoff Accumulation or Distribution Schematic.  I'm still leaning towards an Accumulation Schematic according to diminishing volume and what I'm seeing in my indicators.  IF we fall substantially below $4,573.20, then Phase B of a Wyckoff Accumulation Schematic has been invalidated and we should begin looking for a Selling Climax; followed by a forming base to begin Phase A of a Wycoff Accumulation Schematic.

EDIT:  Early on in Phase B, the price swings tend to be wide, accompanied by high volume. As the professionals absorb the supply, however, the volume on downswings within the TR (Trading Range) tends to diminish. When it appears that supply is likely to have been exhausted, the coin/stock is ready for Phase C.  That is what we see potentially developing here.
pacman7331
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June 13, 2018, 10:11:25 AM

Bears just soooo greedy right now.
licking their lips to break market structure triple bottom.
God save them.
Ibian
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June 13, 2018, 10:14:43 AM

At this rate I will have to sell one of my boats. Woe. Woe I say.

I was planning to anyway, but wise man say never let chance to Woe pass by.
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June 13, 2018, 10:22:27 AM

yesterday while we where playing ..... i told my friend about my father from one of my last posts....
he said its very classic situation like those people searching for gold ,    there are those when the riverbed is empty and all the gold is easy to find and pick up .... as the bull run of bitcoin when its easy to jump on    SO they do

and than theres the time that the same river place is full of water and its raining and the place is not fun to be, no gold to be found its deep dawn, but we know its there butt still no nice  time to be there, not wanna do whats necessary to reach that gold .... like when the price is going down and all those that where very intrested @the BULL run and wanna know all there is too know about bitcoin just leave BTC behind

WHILE the smart of us are sitting @the river down in our tent with all of our working tools and all we need for when the river dry's back up and harvest to be made     
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June 13, 2018, 10:27:11 AM
Last edit: June 13, 2018, 12:55:35 PM by bitebits

Any old school hodlers cracked yet?

Well, to be honest I did and will continue to crack. (not sure if I qualify for an 'old school holder' though)
Did not plan on it really, but here we are again: adding coins and keep on doing so for anything under $10k.

From a rational point of view it makes little sense, since percentage wise I am not able to add much. It is just that a whole bitcoin feels so incredibly valuable, I can't resist buying some at a hefty discount. Bitcoin is doing better than ever before! I will quote myself in a few years time, laughing about how naive I was: buying under $10k or stop buying above $10k.

I was worried then I remembered I am a minimalist...I only need money for food and rent for the next 2 years.

Awesome, can really relate to that. I have no clue what to do with the fiat money, except for not having to do things if I don't want to.
Bitcoin gives personal freedom, I can go where ever I want to with very little things to arrange.
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June 13, 2018, 10:36:35 AM

I think we're getting to the phase where the weak hands are either out or so just done they don't give a fuck. This rise and fall will definitely keep a lot of grandma's and first time investors away from the trading scene and sticking to using it without knowing it.
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June 13, 2018, 10:42:02 AM

Can someone make this stop :-/
Last of the V8s
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June 13, 2018, 10:43:52 AM

USD is too strong for now  Wink



I think you need to focus your frustration on the Central Banking System and/or the Federal Reserve System.

This is irritating. I know all that pretty well, and I admire your and @mindrust's expostulation in the next posts, yet I really don't need to be told what I need to do. Another time, please rephrase.

The gif is rather unconnected.
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June 13, 2018, 10:45:25 AM
Merited by jbreher (1)

This is irritating. I know all that pretty well, and I admire your and @mindrust's expostulation in the next posts, yet I really don't need to be told what I need to do. Another time, please rephrase.

Point taken.  I'll be more "tactful" in the future.

However, you've stirred my curiosity...  If you "...know all that pretty well," then why is it still his fault?

Did you know he has a painting of Andrew Jackson in the Oval Office.  That's the ONLY president he has hanging on the wall in the Oval Office.  A little history about Andrew Jackson:  He got rid of the Central Bank when he was in office and the Central Banking system did not come back until "Progressive" Woodrow Wilson was elected.

 Grin
El duderino_
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June 13, 2018, 10:49:08 AM

Can someone make this stop :-/

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June 13, 2018, 10:55:56 AM

This is irritating. I know all that pretty well, and I admire your and @mindrust's expostulation in the next posts, yet I really don't need to be told what I need to do. Another time, please rephrase.

Point taken.  I'll be more "tactful" in the future.

 Grin



 Cool


We both keep editing our posts with more, lol. But I think that explains it. I don't blame him. Liberals do.
HairyMaclairy
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June 13, 2018, 11:04:31 AM

Welp this looks a bit shit.  If we don’t bounce we can bin this accelerated 2014 model. 


Robin,Hood
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June 13, 2018, 11:05:44 AM

Can someone make this stop :-/
This should do. Tomorrow traffic is diverted.
dmwardjr
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June 13, 2018, 11:07:14 AM

Welp this looks a bit shit




That overlay was not accurate.  The 2014 to the absolute low in 2015 was well over the 7 months [13 months actually]. Our current move from December 2017 to June 2018 has only been 7 months.
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June 13, 2018, 11:11:05 AM

This is irritating. I know all that pretty well, and I admire your and @mindrust's expostulation in the next posts, yet I really don't need to be told what I need to do. Another time, please rephrase.

Point taken.  I'll be more "tactful" in the future.

However, you've stirred my curiosity...  If you "...know all that pretty well," then why is it still his fault?

Did you know he has a painting of Andrew Jackson in the Oval Office.  That's the ONLY president he has hanging on the wall in the Oval Office.  A little history about Andrew Jackson:  He got rid of the Central Bank when he was in office and the Central Banking system did not come back until "Progressive" Woodrow Wilson was elected.

 Grin
Good old Andrew is my fav president, even against titans such as Teddy "the man in the arena" Roosevelt.

Also also: https://www.youtube.com/watch?v=mII9NZ8MMVM
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June 13, 2018, 11:12:15 AM



We may have underestimated the size of the cage needed, but we are not afraid.
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