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

[jojo69]

how's it going old friends? haven't really said anything here since 2014.

4 year cycles and all that....

blitz u still around? shroomsie? richie? risto?

Got some bad news...

LOLOL

[bitserve]

Update from Masterluc/Wanga/Pentarudhi:

https://www.tradingview.com/chart/BTCUSD/4JxEfg1a-Will-we-ultimately-see-a-textbook-flat-correction-since-ATH/

No resistances till weekly SMA200 i see since price broke down historical log trend. Textbook ABC correction since ATH 2.28% in historical IV wave? Hmmm... So I assume this correction will take much longer than I expected (expected 1 year). Weekly SMA200 should be a perfect bullish entry point as candidate #1 of "THE BOTTOM".

[infofront]

how's it going old friends? haven't really said anything here since 2014.

4 year cycles and all that....

blitz u still around? shroomsie? richie? risto?

Some of the old faces are still here in bitcointalk, not necessarily this thread. I think Risto is living like a king in his Castle. He’s always on Monero thread.

I haven’t been here a lot recently but I pop back.

Risto has been AWOL on the Monero thread too. He went crazy again, and basically lost everything, AFAIK.
From what I hear, Richie went crazy and ran to the bcash forum.

Niggaz be goin crazy up in hurrr. It's the WO curse.

[Wekkel]

Weekly MA 200 is at $3140 (BFX). Does not seem an illogical target for the bottom but I would first expect a small rally to $5,500-$5,700 (with double top RSI around 50 indicating the top for that upward correction).

[Torque]

I love these Bitcoin hit pieces that always come out at the bottom of the market:

https://www.cnbc.com/2018/11/21/why-you-may-want-to-leave-bitcoin-off-the-thanksgiving-dinner-table.html

It's like they want to make sure that any Average Joe that got even remotely interested in Bitcoin last year, throws that passing interest right in the garbage. They want him to feel complete shame for even *thinking* about buying Bitcoin right now (an actual good time to buy).

See ya at the top of the next ATH, n00b!

[crypmike]

What do you think about this?
If Mr. McAffee is the most influential person in crypto.. f%ck my life...

I would tell SEC guys are the most influential  

[realr0ach]

Infofront, are you really meriting Eliott Wavers?  It's impossible for them to be correct because so much market activity is simply long and short squeezes.  If they are counting on some random bullshit to happen at X count, but the entire market is on the same side of the trade and long or short there, then the market is going the exact opposite way. 

It kind of falls back to the self fulfilling prophecy narrative that Eliott wave will work if every market maker on the planet uses that instead of something else (lol?).  But counts are also subjective on top of that, making it even worse.  Did I mention the inventor of Eliott wave died broke?

[Hueristic]

Happy Turkeyday everyone! weird it fell on a Thursday. stfu JJG!

I am actually in physical pain from working so much this last week.

BTMFD!

I can't! I lost a shitload the last few weeks gamblin.

My timing always sucks.

I also forgot to sell so there’s that.

And if so .... we just gotta stay in our pants and keep on hodling we are all the way back down here so a few bucks lower ain’t no drama for the HODLERS mindset - hodlers goals......

^
I know your pain. Let the doctor prescribe you something with quetiapine - small dosage (25mg).

It really helps with those unpleasant things.

Makes a little sleepy, so better take it before sleep (if you sleep at all, I mean).

Been there done that.

Has everybody started buying AGAIN now?

I bought pretty much all of my coins in 2014 & am still HODLING most of them now. I decided to stop buying when we went back to $1000 after the Gox crash. Seeing that we reached $19,xxx last year though makes me think these are cheap coins atm.

I bought some the other day & am thinking about buying again today.

So who’s buying now or are you waiting to go lower still?

See first reply

10 !@@$%#@$ pages today already!
Only back 8 now.

[crypmike]

Infofront, are you really meriting Eliott Wavers?  It's impossible for them to be correct because so much market activity is simply long and short squeezes.  If they are counting on some random bullshit to happen at X count, but the entire market is on the same side of the trade and long or short there, then the market is going the exact opposite way.

Personally, I know traders who work with Waves really nice. You have to keep all the possible scenarios in your head.

[realr0ach]

Eliott wave has always bothered me because they pretend markets are practically deterministic in nature where an input from long ago automagically means something will happen in the future instead of markets being constantly changing, on the fly events.

[ninobtcx]

Eliott wave has always bothered me because they pretend markets are practically deterministic in nature where an input from long ago automagically means something will happen in the future instead of markets being constantly changing, on the fly events.

Completely agree with you on this.

[byebyehi]

My boy from boston said bitcoin will be 7,520 on December 31st.

[gentlemand]

Risto has been AWOL on the Monero thread too. He went crazy again, and basically lost everything, AFAIK.
From what I hear, Richie went crazy and ran to the bcash forum.

Niggaz be goin crazy up in hurrr. It's the WO curse.

I wonder whether all this attracts the already deranged or whether it drives people deranged.

You see the same thing with would-be crypto 'thought leaders'. Most of them seem to get rolling all fluffy-tailed and fairly rapidly wind up broken and raging, plus embracing BCWhatever.

[jonoiv]

does anyone else feel like a rally is incomimg soon?

[jojo69]

I think it's the drugs

people get to a certain kind of rich...

[byebyehi]

I think it's the drugs

people get to a certain kind of rich...

I would be very rich if I didn't blow all my btc back on cocaine back in the day.

[yefi]

My boy from boston said bitcoin will be 7,520 on December 31st.

My boy from Lapland says your boy from Boston is a liar. He says he dropped coal on that bitch every year.

I wonder whether all this attracts the already deranged or whether it drives people deranged.

Those who get driven mad are normally ticking time bombs to begin with, so I'd say the former.

[bitserve]

does anyone else feel like a rally is incomimg soon?

Not me. I just feel like shit. Will get better if/when that rally comes though.

[jojo69]

NSA created chain death going to zero criminal ponzi scam dead children eco disaster anyway


it's hopeless, get out while you can

[gentlemand]

So if we're set for a repeat of the last cycle and the next two years consist of not very much followed by some jizz in 2021, how will you take it? What will you get up to? Will it break you? Will you double down? Will you steal a yacht and sail away? Are you already all set?

Me, I think I'm going to be rather annoyed by it all. Not sure I'm in the mood for more interminable nothing but it's certainly looking like it's on the menu. I may pass the time unicycling down every road in my county which is about 15,000 miles. I can't ride a unicycle.