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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26399744 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.)
HairyMaclairy
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October 21, 2018, 10:40:44 AM

Looks rainy, where you headin'?

Going to meet someone that has about 2,500 little puzzles they need to solve.  We will have a chat about whether I can solve them in a way that is economic for them and profitable for me.

Where you going ?
HairyMaclairy
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October 21, 2018, 10:43:20 AM

I love your TA updates but perhaps we should not focus too much on the short term. The directionless low volume periods are well known to Bitcoin old timers and can last very long. Ideally, I see this heading towards a sloping down spike or mega dump, constituting the formal capitulation. But cold reasoning tells me that sentiment is too strong for this (2013 double pump similarity).


Glad you raised this because we need to have a chat about the longer term.  There are some fairly serious factors starting to come into play now. I do not believe we will have long directionless period, at least not in the next 3 months.  Will post when I can get to a computer.  
Karartma1
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October 21, 2018, 11:06:22 AM

You guys are completely nuts  Grin Grin Grin
What is this hat thing...
I don't feel part of the crew anymore, can't be in here too often.
I guess V8 has a reason not to have an avatar-hat.
And why is RF still here? He said he was gone for good  Grin


On a different note, I have been accumulating as much as I could lately. I'm waiting for the big jump and this time I will be ready.
Enjoy your day
Kylapoiss
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October 21, 2018, 11:22:12 AM

Looks rainy, where you headin'?

Going to meet someone that has about 2,500 little puzzles they need to solve.  We will have a chat about whether I can solve them in a way that is economic for them and profitable for me.

Where you going ?

Going to get some sun and enjoy crystal clear water. And prolly eat some mushrooms in between. A beach holiday for 2 weeks in tropics Smiley need it badly, lack of motivation.
itod
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October 21, 2018, 11:33:28 AM

Is there any Technical Analyses that claims this side-moving stability can last until 2019? Looks impossible to me.
Wekkel
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yes


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October 21, 2018, 11:43:53 AM

Not specifically TA but there are plenty of thoughts around that the dull period could last far into 2018. Not at $6,500 exactly but within a rather small bandwidth. Cherish such a period if you still want to add to your position.
El duderino_
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October 21, 2018, 12:24:01 PM

You guys are completely nuts  Grin Grin Grin
What is this hat thing...
I don't feel part of the crew anymore, can't be in here too often.
I guess V8 has a reason not to have an avatar-hat.
And why is RF still here? He said he was gone for good  Grin


On a different note, I have been accumulating as much as I could lately. I'm waiting for the big jump and this time I will be ready.
Enjoy your day

Be here more often again and fit yourself a hat  Wink
Good job,the accumulating part.....i’m productive as well lately  Grin

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October 21, 2018, 12:24:41 PM

HairyMaclairy
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October 21, 2018, 12:26:36 PM
Last edit: October 21, 2018, 12:40:17 PM by HairyMaclairy

Ok here we go.  Let's talk long term.   All $ are Bitstamp.  

1.  We appear to be in the process of breaking out from under the bear triangle.  By simply tracking sideways, we can escape the crushing weight of the past 8 months.  Going sideways is very bullish.

2.  October is historically a bullish month for Bitcoin (excluding 2014).  

3.  We appear to be diverging from the 2014 fractal.  October 2014 was bad for the price but we are mildly rallying.   This is a bullish signal. 

4.  There is some great news coming out at the moment.  

5.  Shorting is really hard work.  It feels like there is deep pocket support just below where we sit.  Shorts are slowly starting to fall as traders shift their stance.  

but

The support line from the crypto winter (show here as the lower red line) is rising from the deep.  It is still at a fair depth and not yet in play.  But it is big and fast and mean.   And it will hit us like a freight train.

The Russian seer (Penthuldar??) says that this support line will lift us us into the new price range.  But he is wrong, because he does not study his history.  We broke through the historic exponential price floor during the 2014 cryptowinter, and it was this break that caused the final capitulation to $154.  We also broke the previous exponential price floor in November 2012, which led us to the final capitulation and crash to $2.22.  It is almost certain that we will break through the cryptowinter support line and then crash in price.  This crash is likely to be our final capitulation, so we can start the long climb out.   The really critical question is, what will our altitude be when we hit the wall?  If we have a high enough altitude (green line), then we can still fall after we break through and bounce off support at $5,800.    If we bounce off $5,800 after breaking the cryptowinter support line and manage to consolidate above it, then we will have seen the bottom because the halvening will start to come into play as we move deeper into 2019.  

On the other hand, if we are too low (yellow line), then the shock of breaking the cryptowinter support line will cause us to break downwards through the $5,800 support and potentially get caught underneath it, like a fox that breaks through a frozen lake and drowns under the ice.  

I am turning bullish right now, because it looks like we are slowly gaining altitude so we can follow the trajectory of the green line, and not the yellow line.  




https://www.tradingview.com/chart/BTCUSD/52d3tpdU-Bitcoin-bear-trend-may-be-breaking-but-serious-challenges-ahead/

 
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October 21, 2018, 12:27:21 PM

Is there any Technical Analyses that claims this side-moving stability can last until 2019? Looks impossible to me.

Its extremely unusual and especially for BTC or any crypto so far as I know to switch volatility like this.   All I can think is the pull in trade between bulls and bears could have moved out of sight into various dated contracts in Chicago and maybe it makes more sense to someone able to track volume in both areas.


My take short term is we have a rough respect of volume and a ceiling of the last spike but i expect it to make 6650 and react with that longer term line of resistance before doing anything else.   I dont know why bitfinex is a different price, theres a series of higher lows for a few days leading upto now anyhow
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October 21, 2018, 12:50:15 PM

And why is RF still here? He said he was gone for good  Grin

I'm gone for good in spirit. You must have noticed.
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October 21, 2018, 02:04:06 PM

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October 21, 2018, 02:43:32 PM

I found this article on medium:

Why do Bitcoin and cryptoassets have no future…

when the NYSE is creating the cryptocurrency trading platform Bakkt in collaboration with Microsoft and Starbucks with physically backed Bitcoin futures contracts.

when Fidelity is offering it to its clients and has been mining it since 2015.

when Steve Wozniak is co-founding a cryptoasset investment firm.

when Katy Perry IG’d herself with cryptocurrency nail polish

Cryptos coming at you like a dark horse
when Brendan Eich, creator of JavaScript and Mozilla, started Brave Browser with a built-in ad-blocker and Basic Attention Token (BAT) to reward content creators.

when Amazon Web Services partnered with QTUM.

when the Bill & Melinda Gates Foundation is utilizing Ripple’s interledger protocol to help with payment services for the financially impoverished and unbanked.

when IBM is partnering with Stellar Lumens (XLM) for cross-border payment solutions.

when Jamie Dimon, tells all that it Bitcoin is a “fraud” and that if he catches any employees who own it he would fire them, while in the background JP Morgan and Morgan Stanley bought Bitcoin ETNs on the dip.

when the MLB is launching a crypto-based game on the blockchain using the ERC-721 standard for non-fungible tokens.

when George Soros initially bashed cryptocurrencies, only to later buy a stack of Bitcoin at the $6k low.

when Alibaba and IBM have the most blockchain patents in the world.

when Yale’s endowment invested $400 million in cyptoasset funds.

when the Winklevoss twins took $11 million of their Facebook money and put it into Bitcoin in 2013 when it was $120 each.

Should I go on?

when John McAfee bets his manhood that Bitcoin is going to the moon.

when Jack Dorsey, CEO of Twitter and Square, thinks Bitcoin is the currency of the future.

when Richard Branson thinks Bitcoin will bring an economic revolution.

when Goldman-Sachs backed Circle launched a crypto finance company.

when Square’s Cash App allowed users to buy and sell Bitcoin.

when Coinbase is valued at $8B.

when the founder of YouTube and the founder of Twitch are advising Theta Token (THETA).

when Bitmain is on track for $10 billion in revenue this year after around $4 billion last year.

when Binance made more in profit in Q2 2018 than Deutsche Bank.

when Reddit co-founder (and husband of Serena Williams — dont forget that) Alexis Ohanian is betting on Bitcoin as a hedge to economic crises.

when Blockchains, LLC bought 60,000 acres for their company that will incubate and innovate Ethereum-based blockchain ventures.

when the co-founder of Wikipedia is now working on its decentralized counterpart Everipedia (IQ).

when Akon is launching his own cryptocurrency Akoin to help bring security to the currency system in Africa.

when Ashton Kutcher donated $4 million in XRP to Ellen DeGeneres’ charityby transferring it to her in a matter of seconds.

when Chamath Palihapitiya, co-owner of the Golden State Warriors, invested early in Bitcoin and thinks it’s going to $1 million per coin.

when Plastic Bank is helping those in developing countries earn cryptocurrency while also curing plastic ocean pollution — I know you’ve seen those IBM commercials.

when Robinhood offers the purchase of cryptos commission-free.

when Steve Bannon is betting on Bitcoin and launching his own cryptocurrency.

when Bill Clinton spoke at the Swell Conference in support of Ripple and blockchain technology: "The permutations and possibilities [of blockchain] are staggeringly great.”

when former Trump aide and Goldman Sachs exec Gary Cohn is joining a blockchain startup.

when the NFL purchased a stake in blockchain startup SportsCastr.

when the NBA goes crypto as the Sacramento Kings mine Ethereum, Bitmain sponsors the Houston Rockets, and former commissioner David Stern backs FanChain.

when Rockefeller-owned Venrock is investing in cryptocurrency.

when Overstock.com is going full-on crypto.

when cryptocurrencies can end poverty and provide financial freedom to those in financial need.

Yeah. This has no future.

Accumulate, HODL, and think outside the blox!

... I originally clicked on  the article because I thought from the title it was a bearish article. Yup, classic clickbait. A good synopsis of the growing adoption of Bitcoin and cryptocurrency, and why I have a long-term bullish outlook, even though for the moment, bull and bear got each other by the throats.
El duderino_
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October 21, 2018, 03:08:40 PM

And why is RF still here? He said he was gone for good  Grin

I'm gone for good in spirit. You must have noticed.

no real coiner that hangs around here can go for good .... its like a drug this place
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October 21, 2018, 03:12:27 PM

And why is RF still here? He said he was gone for good  Grin

I'm gone for good in spirit. You must have noticed.

no real coiner that hangs around here can go for good .... its like a drug this place

I’m mainly just reading this thread lately whilst we’re going sideways for so long. Obviously I’m still HODLING my stash but I’m just on the outside atm, still reading EVERY day many times though.
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October 21, 2018, 03:15:49 PM
Last edit: October 21, 2018, 06:27:50 PM by micgoossens
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hat update and increasing

   







= first creation collectors item
= still in protest !!!!!!!!!!!!!!!!!!!!!!!! Roll Eyes  Roll Eyes
=magic altcoin hat  Roll Eyes

=LFC's pride on monday
=in need of a PROPERLY hat  Grin
= nice for fun..... wanted by hueristic (its a f***ing cool one) !!
= I GUESS no XhomerX workzzz ?
= in a foreseeable future reserved for Kylapoiss, merit issue's
=GOTTA say very nice work, BUT in need of a proper XhomerX hat



still in progress ? vapourminer,raja_mbz,sirazimuth,searing,vroom,ssmc,BTCMILLIONAIRE,savetherainforest,cAPSLOCK,torque,crypmike,hueristic,lightfoot etc........ pfffffffff   still long way to go (and keep coming up with colour combo's)  Grin

catching them all        THIS COLLECTION IS GETTING F***ING COOL
El duderino_
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October 21, 2018, 03:22:12 PM
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keep loving this .... i do not consider myself to be a nerd, but i do like to follow them with many things  Roll Eyes
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October 21, 2018, 03:27:24 PM




keep loving this .... i do not consider myself to be a nerd, but i do like to follow them with many things  Roll Eyes

Me neither, I’m covered in tattoos & my gf is an ex stripper Cheesy
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October 21, 2018, 03:28:45 PM



yes yes very nice ,BUT known for long already  Roll Eyes
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October 21, 2018, 03:32:50 PM




keep loving this .... i do not consider myself to be a nerd, but i do like to follow them with many things  Roll Eyes

Me neither, I’m covered in tattoos & my gf is an ex stripper Cheesy

HaHa, lol the tattoo's, having a fair share as well , but still only on the arms (so still room enough for some FUN shit on me) "MAYBE a hat or something"  Roll Eyes
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