Bitcoin Forum
May 27, 2024, 06:01:24 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

Pages: « 1 ... 20844 20845 20846 20847 20848 20849 20850 20851 20852 20853 20854 20855 20856 20857 20858 20859 20860 20861 20862 20863 20864 20865 20866 20867 20868 20869 20870 20871 20872 20873 20874 20875 20876 20877 20878 20879 20880 20881 20882 20883 20884 20885 20886 20887 20888 20889 20890 20891 20892 20893 [20894] 20895 20896 20897 20898 20899 20900 20901 20902 20903 20904 20905 20906 20907 20908 20909 20910 20911 20912 20913 20914 20915 20916 20917 20918 20919 20920 20921 20922 20923 20924 20925 20926 20927 20928 20929 20930 20931 20932 20933 20934 20935 20936 20937 20938 20939 20940 20941 20942 20943 20944 ... 33386 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26390806 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. (174 posts by 3 users with 9 merit deleted.)
Elwar
Legendary
*
Offline Offline

Activity: 3598
Merit: 2386


Viva Ut Vivas


View Profile WWW
August 10, 2018, 05:42:27 AM

I'm no chart expert but I've followed this thread long enough to know that a double bottom is a good thing.




So...Huh

double bottom pics please


Haven't we visited the $6k "bottom" range about 4 times in recent months?  Since February, right?  That is quadruple bottom.

Instead of lambos, we are getting lamb bottoms?  Fuck.




We hit $5.8k twice. That was the long term double bottom.

The medium term (this past month) double bottom was at $6.2k.
jojo69
Legendary
*
Offline Offline

Activity: 3178
Merit: 4371


diamond-handed zealot


View Profile
August 10, 2018, 05:48:22 AM
Merited by JayJuanGee (1), El duderino_ (1)

...inspirational treatise...

You left out the part where central banks will be forced to hold BTC as reserves.  A minor oversight, but I think it bears a mention.

bravo sir
Elwar
Legendary
*
Offline Offline

Activity: 3598
Merit: 2386


Viva Ut Vivas


View Profile WWW
August 10, 2018, 05:55:02 AM

...inspirational treatise...

You left out the part where central banks will be forced to hold BTC as reserves.  A minor oversight, but I think it bears a mention.

bravo sir

Can you imagine the private key ownership of these government entities?

I used to use a smart card at work. This was for a network used by just about everyone in the military and most of the government.

They had one guy in the world that had a single key that was used to secure all of these cards.

At one point, he quit.

I found this out after my card shit the bed and I was waiting for 3 months to get a new card so I could get access to my computer (trust me, I really didn't care...I was still getting paid for not working). They told me that a lot of people were in the same predicament. They urged people to please turn in their cards when they left their jobs (so they could be re-used).
JayJuanGee
Legendary
*
Offline Offline

Activity: 3724
Merit: 10327


Self-Custody is a right. Say no to"Non-custodial"


View Profile
August 10, 2018, 06:11:38 AM
Merited by Majormax (1)

I'm no chart expert but I've followed this thread long enough to know that a double bottom is a good thing.




So...Huh

double bottom pics please


Haven't we visited the $6k "bottom" range about 4 times in recent months?  Since February, right?  That is quadruple bottom.

Instead of lambos, we are getting lamb bottoms?  Fuck.



We hit $5.8k twice. That was the long term double bottom.

The medium term (this past month) double bottom was at $6.2k.

Perhaps it is a matter of framing, because I do believe that we should be considering what is happening in the overall correction that started after the mid-December 2017 peak. 

I am not saying anything new, but the bottom of the first price correction was in early February, and broke $6k, but only for a short period - perhaps hours.  Thereafter, we have had at least 3 additional attempts to break below the $6k range - perhaps our current attempt (floating in the $6,300s to $6,600 area) is not over yet.

 Anyhow, I don't really consider it fruitful to attempt to parse out a shorter period of time after February 2018 - because in essence what seems to be happening with the so far 4 attempts to break below $6k is to really verify if the bottom is in and to verify whether any more folks are willing to be shooken from their coins.  The froth in the alt coin space can exacerbate such bitcoin shakening attempts, but in the end, bitcoin does remain it's own creature too, and surely the leader of coins (even though some dumb money does seem to get confused by whether bitcoin has fallen from its ongoing lead in terms of ongoing building network effects).

In sum, you can attempt to get me to recognize a two bottom situation, and I am going to put my fingers in my ears and cover my eyes to such claims, especially when it continues to seem to me that we gotta attempt to consider the broader package that involves the early February bottom, too.

Speak to da hand, speak to da hand.



hahaha   Cheesy Cheesy



Elwar
Legendary
*
Offline Offline

Activity: 3598
Merit: 2386


Viva Ut Vivas


View Profile WWW
August 10, 2018, 06:18:44 AM

In sum, you can attempt to get me to recognize a two bottom situation, and I am going to put my fingers in my ears and cover my eyes to such claims, especially when it continues to seem to me that we gotta attempt to consider the broader package that involves the early February bottom, too.

Umm...recognizing a double bottom is quite fruitful on this thread.

Much better thing to see than burned shorts.
JayJuanGee
Legendary
*
Offline Offline

Activity: 3724
Merit: 10327


Self-Custody is a right. Say no to"Non-custodial"


View Profile
August 10, 2018, 06:29:38 AM

In sum, you can attempt to get me to recognize a two bottom situation, and I am going to put my fingers in my ears and cover my eyes to such claims, especially when it continues to seem to me that we gotta attempt to consider the broader package that involves the early February bottom, too.

Umm...recognizing a double bottom is quite fruitful on this thread.

Much better thing to see than burned shorts.

Hey... I have no problem seeing burned shorts, but I really don't know what they mean because there could be a whole hell-of-a lot of shorts burning all the way up to $10k.

It seems to me that we gotta get above $10k anyhow before we get too confident that the bottom(s) (however many there have been so far) are "in."  

Part of my thinking remains that unless we get above $10k and stay there for a while, we still remain in close striking distance of our current local bottom(s)(again however many there are), and we cannot really rest with comfort while BTC prices are in such close bottom(s) proximity.

By the way, maybe I am wrong about $10k and maybe the safe price point is at a different amount?    I am just using that $10k as an approximate tentative place, at the moment, in my current thinking.
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
August 10, 2018, 07:47:47 AM

newish twitter reason to fomo/clutch at straws/smoke the hopium: Bitmain IPO
https://twitter.com/Crypto_Bitlord/status/1027492680320802816

You know something has gone to shit when they IPO it. 
Majormax
Legendary
*
Offline Offline

Activity: 2534
Merit: 1129


View Profile WWW
August 10, 2018, 08:51:39 AM
Merited by JayJuanGee (1)


It seems to me that we gotta get above $10k anyhow before we get too confident that the bottom(s) (however many there have been so far) are "in."  

Part of my thinking remains that unless we get above $10k and stay there for a while, we still remain in close striking distance of our current local bottom(s)(again however many there are), and we cannot really rest with comfort while BTC prices are in such close bottom(s) proximity.

By the way, maybe I am wrong about $10k and maybe the safe price point is at a different amount?    I am just using that $10k as an approximate tentative place, at the moment, in my current thinking.

Good analysis, in my view.

The market will tell us where it is going, ultimately. We can make scenarios and conjectures.  Using the terms if/then/but for alternatives is important.


10k would certainly improve the odds that the bottom was in. Looking at the time scales of the down wave (I would rather call this a bear market) you can see it is unlikely we can form an bullish opinion for some months (10k is going to take a bit of work to get to).

With price sitting near lows, a bearish opinion could be quicker to get to (if 5.8k is broken decisively).

I look at the price action with decades of chart/trend watching  experience , and those are the sort of reasons for me to say on balance, we are still in a bear market. A base, and bull trend will take time and market 'effort' to form. Current price action could be forming a bottom, but its too early to say. All the previous lows of major BTC bear trends have been short lived (spike bottoms), and that doesn't bode well here.
ToTheMoon_XOM9IK
Full Member
***
Offline Offline

Activity: 770
Merit: 156


View Profile WWW
August 10, 2018, 08:53:22 AM

El duderino_
Legendary
*
Offline Offline

Activity: 2520
Merit: 12131


BTC + Crossfit, living life.


View Profile
August 10, 2018, 10:25:31 AM

So what is This weekend gonna bring me.....? For sure a good proportion of fine food and alcohol This evening, a NOCOINER wedding tomorrow So again lots of booze Just to project myself of getting in No NOCOINING talks  Roll Eyes
Sunday super relax and sober up times with watching premier league offcourse but al This Will iT go with a BTC weekend pump or a BTCweekend dump mmmmm whatever i Will probably be to fucked up to even Just watch the prices  Grin
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
August 10, 2018, 10:49:19 AM

Last of the V8s
Legendary
*
Offline Offline

Activity: 1652
Merit: 4392


Be a bank


View Profile
August 10, 2018, 10:59:13 AM

https://status.pro.coinbase.com/
Quote
Update - The BTC-USD order book did not meet sufficient liquidity needed to enter limit-only mode. We have cleared the book and expect to re-open the book in post-only mode at 9:00am PT.
Aug 10, 00:31 PDT
Update - The BTC-USD order book is now in post-only mode. We will remain in post-only mode for a minimum of 10 minutes.
Aug 10, 00:01 PDT
Update - We have cleared all resting orders on the BTC-USD book. We will enter post-only mode at 12:00am PT.
Aug 9, 23:57 PDT
How are you meant to get out to usd in a dump?
mymenace
Legendary
*
Offline Offline

Activity: 1596
Merit: 1061


Smile


View Profile
August 10, 2018, 11:04:55 AM

https://status.pro.coinbase.com/
Quote
Update - The BTC-USD order book did not meet sufficient liquidity needed to enter limit-only mode. We have cleared the book and expect to re-open the book in post-only mode at 9:00am PT.
Aug 10, 00:31 PDT
Update - The BTC-USD order book is now in post-only mode. We will remain in post-only mode for a minimum of 10 minutes.
Aug 10, 00:01 PDT
Update - We have cleared all resting orders on the BTC-USD book. We will enter post-only mode at 12:00am PT.
Aug 9, 23:57 PDT
How are you meant to get out to usd in a dump?

The storm is upon us

They are down globally, in parts (correction)

Something going on (Singapore, Australia, USA)
Last of the V8s
Legendary
*
Offline Offline

Activity: 1652
Merit: 4392


Be a bank


View Profile
August 10, 2018, 11:15:50 AM

take your corporate kleptocurrency and shove it where the sun don't shine
mymenace
Legendary
*
Offline Offline

Activity: 1596
Merit: 1061


Smile


View Profile
August 10, 2018, 11:19:41 AM
Last edit: August 10, 2018, 11:49:50 AM by mymenace

Stolen in whales, bitcoin and altcoin analytics for 2018-2019.
Here are all plans that will be bitcoin and altoquin courses.
Starting from 2018, everything described in the document came to an accuracy of 94%.
Download document (.doc file) - http://[Suspicious link removed]/2JUfl0X
Password to open - C68Qy6}O~wfUaRX$gr8~GXE$

Virus above - interesting

No one ever provides answers

I registered to CryptoPolice Twitter campaign
My registration code is OFCR-1ES22D4AAFF2D3CE444523957SEUB682AAS7853

Shall we play a game
Last of the V8s
Legendary
*
Offline Offline

Activity: 1652
Merit: 4392


Be a bank


View Profile
August 10, 2018, 11:24:05 AM
Merited by LFC_Bitcoin (1), BobLawblaw (1)

Core dev Cory Fields saved Bcash from collapsing....

https://medium.com/@coryfields/http-coryfields-com-cash-48a99b85aad4

What a fucking shit show.
If your enemy has a chink in his armour, you don't point it out to him, you plunge your sword in right there. Kill him off and move on to the next fucker.
But oh no MIT are complete enemies of bitcoin, brainboxes paid by the USG to fuck it up and keep its other enemies alive.
don't @ me
Last of the V8s
Legendary
*
Offline Offline

Activity: 1652
Merit: 4392


Be a bank


View Profile
August 10, 2018, 12:08:33 PM

http://webcache.googleusercontent.com/search?q=cache:https://www.imf.org/external/pubs/ft/fandd/2018/06/central-bank-monetary-policy-and-cryptocurrencies/he.pdf https://www.imf.org/external/pubs/ft/fandd/2018/06/central-bank-monetary-policy-and-cryptocurrencies/he.pdf

Epic disruption incoming courtesy of teh bitcoin
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
August 10, 2018, 12:09:15 PM

USD / Turkish Lira.  This is exponential inflation. 

posi
Hero Member
*****
Offline Offline

Activity: 2254
Merit: 579


Leading Crypto Sports Betting & Casino Platform


View Profile
August 10, 2018, 12:10:16 PM
Merited by suzanne5223 (8)


Absolutely cause anybody that sell his or her holding in other not to loose because of the dump in price of the market such person person is already loosing. How ever, this remind of Papa Laszlo the man who bought 2 pizza with 10,000 bitcoin back in the year 2010 and I knew he will surely regret doing that now. Guys don't sell your bitcoin now if it not for an important or urgent situation so you won't regret it.
El duderino_
Legendary
*
Offline Offline

Activity: 2520
Merit: 12131


BTC + Crossfit, living life.


View Profile
August 10, 2018, 12:30:53 PM

So what is This weekend gonna bring me.....? For sure a good proportion of fine food and alcohol This evening, a NOCOINER wedding tomorrow So again lots of booze Just to project myself of getting in No NOCOINING talks  Roll Eyes
Sunday super relax and sober up times with watching premier league offcourse but al This Will iT go with a BTC weekend pump or a BTCweekend dump mmmmm whatever i Will probably be to fucked up to even Just watch the prices  Grin

Could iT be a pump  Shocked Shocked
Pages: « 1 ... 20844 20845 20846 20847 20848 20849 20850 20851 20852 20853 20854 20855 20856 20857 20858 20859 20860 20861 20862 20863 20864 20865 20866 20867 20868 20869 20870 20871 20872 20873 20874 20875 20876 20877 20878 20879 20880 20881 20882 20883 20884 20885 20886 20887 20888 20889 20890 20891 20892 20893 [20894] 20895 20896 20897 20898 20899 20900 20901 20902 20903 20904 20905 20906 20907 20908 20909 20910 20911 20912 20913 20914 20915 20916 20917 20918 20919 20920 20921 20922 20923 20924 20925 20926 20927 20928 20929 20930 20931 20932 20933 20934 20935 20936 20937 20938 20939 20940 20941 20942 20943 20944 ... 33386 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!