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

[goldkingcoiner]

Sadly, you can follow this degenerate thread and still not have to think about BTC most of the time.

Yeah you would think so, but no. Crypto is like crack. Can't stop thinking about it... No matter how many degenerates post ass eating memes and fine wines.

[HairyMaclairy]

At this point you have to ask yourself whether this is just another elaborate ruse

[Last of the V8s]

Certified boor.

edit: I shouldn't talk... considering I have measured out my life with coffee spoons.

So how should I presume?

[gentlemand]

At this point you have to ask yourself whether this is just another elaborate ruse

Once the Bcash forkage is all over every single one of us will receive a signed Christmas card from Roger, Calvin, Jihan, Lovely Craig and...

BLOCKSTREAM plus the Bilderberg group and Axa management too.

They played our tight asses.

[HairyMaclairy]

I like Christmas cards

[HairyMaclairy]

Interesting battle about to happen.  On the one hand we have the price touching the downtrend line and falling back.  On the other hand we have a pending 90 day MA golden cross which could provide support for breaking the downtrend.  

Which will prevail?  I think the downtrend will prevail but it is not clear cut.  If I was trading right now, I would selling above $7,200 in preparation for the price going down, but putting buy stops in the ~$7,400 range just in case I am wrong and the downtrend is cleanly broken.  



However, breaking the downtrend brings us closer to a golden cross on the 30 week MA.  Which would be an auspicious event and could signal the end of 2018 bear market.  



Except we had a golden cross in June 2014 which led to nothing.  It took two more golden crosses in 2015 for us to finally stabilise and start the climb out.  



So following the 2014 pattern, I remain bearish but not without hope if we can break the down trend line in the next 4 days.

[windjc]

Interesting battle about to happen.  On the one hand we have the price touching the downtrend line and falling back.  On the other hand we have a pending 90 day MA golden cross which could provide support for breaking the downtrend.  

Which will prevail?  I think the downtrend will prevail but it is not clear cut.  If I was trading right now, I would selling above $7,200 in preparation for the price going down, but putting buy stops in the ~$7,400 range just in case I am wrong and the downtrend is cleanly broken.  In the unlikely event we break the downtrend, I would target $7,900 in the short term.  

Is LL, HL, LL, HL actually a downtrend? We have been exactly $300 lower than our lowest low in Feb. We are now in Sept.

[HairyMaclairy]

Our highs are clearly progressively lower.  You could call it a descending wedge (and yes, we will eventually break upwards, but how long from now).  

What would you call it?  

[xhomerx10]

Certified boor.

edit: I shouldn't talk... considering I have measured out my life with coffee spoons.

So how should I presume?

 I saw it on a poster.

[xhomerx10]

Hey Mic, I think I see a refection in the wine glass... gonna try to enhance.




 edit: Wow!



 It's Thor!  micgoossens is Thor!  No wonder you're always fine-dining and concert-going!

 edit2: I'd best go to bed; I'm getting silly.

[Anon136]

but how long from now

December at the latest if you draw the wedge out.

[HairyMaclairy]

Edit:  update.  The bulls rally for another surge at The Wall.  

[serveria.com]

Hey Mic, I think I see a refection in the wine glass... gonna try to enhance.




 edit: Wow!



 It's Thor!  micgoossens is Thor!  No wonder you're always fine-dining and concert-going!

 edit2: I'd best go to bed; I'm getting silly.

LMAO 

[crypmike]

BTC vs NASDAQ


https://bitcointalk.org/index.php?topic=1006631.msg45063701#msg45063701

[HairyMaclairy]

I'm on the edge of my seat here and you mofos are all asleep

[crypmike]

Interesting observation
even if the price goes up, suddenly the number of shorts has started to grow pretty fast (without any reason)
Probably a market maker prepares something
Be careful if you trade



Ps: about this indicator

[HairyMaclairy]

Not sure the scale on the chart but the shorts are expecting the bulls to fail at the wall. 

[starmman]

Interesting battle about to happen.  On the one hand we have the price touching the downtrend line and falling back.  On the other hand we have a pending 90 day MA golden cross which could provide support for breaking the downtrend.  

Which will prevail?  I think the downtrend will prevail but it is not clear cut.  If I was trading right now, I would selling above $7,200 in preparation for the price going down, but putting buy stops in the ~$7,400 range just in case I am wrong and the downtrend is cleanly broken.  In the unlikely event we break the downtrend, I would target $7,900 in the short term.  

Is LL, HL, LL, HL actually a downtrend? We have been exactly $300 lower than our lowest low in Feb. We are now in Sept.

Probably need a couple more oscillations until we break out of the pattern - but who knows in this game?

[elrippos friend]

Yeeeaaaahhh, well, you should have bought some 

Dude.

Yeeeeaaaahhhh man

[elrippos friend]

Haha relax brother.  In 5 years Bitcoin will blow your mind. Until then, eat, drink, shag and watch footy. Good things come to those who hodl.

"Good things come for boys who wait"