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

[Kylapoiss]

Haha you ain’t talking about me i guess  

Its just you and me left Mic.  The last bulls left standing in the WO.  Bitcoin is pushing hard out from under the bear triangle.  Go Bitcoin Go !



https://www.tradingview.com/chart/BTCUSD/8tElbIx6-Bear-model-continues-to-be-challenged/

Hmm, I've gotten you're more of a bear, guess I was wrong Bulls are always more fun, I even have a tattoo of one on my left shoulder for 10y now.

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[HairyMaclairy]

Hmm, I've gotten you're more of a bear, guess I was wrong

I am only a bear when the chart looks like a diseased dick.  And it’s looking starting to look better.  

Of course if we drop $300 back inside the red triangle I will go grumpy again...

A pic of my pants, sexy, eh?  

Fabulous.  In every sense.

[El duderino_]

When properly woke up.... gonna make a NEW hat update, saw Some Nice shots been Made while i was drinking and DRINKING and end up DRUNK as a real BULL.

Time for proper sunday sober up habits, a for long time not see more of BULLISH chart from hairry wil go good with my coffee and whatever i gonna eat.

#keepITbullishHAIRY

 

[edit] haha diseased Dick gonna look like fresh pussy

[Kylapoiss]

Hmm, I've gotten you're more of a bear, guess I was wrong

I am only a bear when the chart looks like a diseased dick.  And it’s looking starting to look better.  

Of course if we drop $300 back inside the red triangle I will go grumpy again...

A pic of my pants, sexy, eh?  

Fabulous.  In every sense.

So by mic's words a diseased dick looks like a fresh pussy? What?

I just noticed that I'm 25min from my departure gate, sitting in a totally wrong area, guess I have to start moving At least I get to fly the A380 again, turbulence feels like a small fart on that.

Thanks for the acceptance of faboulesness 

Beer #10. (I had a sip of water in between, 250ml or so)

[Kylapoiss]

Took a pic of my bull tattoo too, though I'm still thinking if I should share it. It's like a good quality prison tattoo

Made it originally in Thailand, outcome was a happy cow, which I had to make over to look like a bull. Was drunk as fuck, didn't remember anything of the making, friend followed me through in the morning. Fun times. And I paid 10k THB for it, like 3-4x the norm.

[HairyMaclairy]

Happy flight dude. This is me

[Kylapoiss]

Happy flight dude. This is me

Looks rainy, where you headin'?

[El duderino_]

^
must share those things ( tattoo )

and maybe put my words wrong, still got a lot of alcohol in my system, that needs to be filtered out of me........

but let say bad looking chart = diseased dick..... starting to look good so, good looking charts = fresh pussy .... still not good, but have to deal with a serious amount of alcohol and a girl and her sister asking me to hurry up for breakfast and so.....

so its a little BOB situation where i have to say SHEEEEIIIITTTT !!! 



small update BTW    12288

15/10/2018 explorer
18/10/2018 Searing
26/10/2018 kurious
09/11/2018 fabiorem
15/11/2018 bitserve
20/11/2018 Globb0
22/11/2018 Last of the V8s
01/12/2018 Alexander_Z
07/03/2019 CoinCube
15/04/2019 Spaceman_Spiff_Original
20/06/2019 bitebits
13/12/2019 nikauforest
10/04/2020 yefi
05/09/2020 samson   
23/06/2021 fortune143   

new DUST tasters            

[Kylapoiss]

[Wekkel]

Continuing to watch this carefully. Continued drift away from red line.  Possible floor forming at $6350.   Also wary of Saturday night fuckery.

https://preview.ibb.co/db9tqf/0-AF1-A5-DD-758-C-4941-98-C5-106403-EE5-E21.png

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).

With such unclarity abound, trading makes no sense. HODL and accumulate with DCA advantage should be the preferred strategy then.

Reposting for those who missed it: https://theimpatienttrader.blogspot.com/2011/10/things-ive-learned-after-15-years-of.html?m=1

And some further reading on the potential growth of Bitcoin: Bitcoin’s Logarithmic Growth Rates, Facebook’s S-curve, and Future Projections by Awe & Wonder https://link.medium.com/q41Hedc1bR

[bitserve]

Continuing to watch this carefully. Continued drift away from red line.  Possible floor forming at $6350.   Also wary of Saturday night fuckery.

https://preview.ibb.co/db9tqf/0-AF1-A5-DD-758-C-4941-98-C5-106403-EE5-E21.png

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).

With such unclarity abound, trading makes no sense. HODL and accumulate with DCA advantage should be the preferred strategy then.

Reposting for those who missed it: https://theimpatienttrader.blogspot.com/2011/10/things-ive-learned-after-15-years-of.html?m=1

And some further reading on the potential growth of Bitcoin: Bitcoin’s Logarithmic Growth Rates, Facebook’s S-curve, and Future Projections by Awe & Wonder https://link.medium.com/q41Hedc1bR

Very good reading, thanks!

[HairyMaclairy]

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]

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]

You guys are completely nuts 
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 


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]

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 need it badly, lack of motivation.

[itod]

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

[Wekkel]

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_]

You guys are completely nuts 
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 


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 
Good job,the accumulating part.....i’m productive as well lately 

[kirreev070]

[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/