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Question: Closing BTC Price June 17:
$0 - 4 (3%)
<$6,500 - 7 (5.3%)
$6,500-$6,750 - 1 (0.8%)
$6,751-$7,000 - 2 (1.5%)
$7,001-$7,250 - 3 (2.3%)
$7,251-$7,500 - 6 (4.5%)
$7,501-$7,750 - 4 (3%)
$7,751-$8,000 - 12 (9.1%)
$8,001-$8,250 - 13 (9.8%)
$8,251-$8,500 - 7 (5.3%)
$8,501-$8,750 - 6 (4.5%)
$8,751-$9,000 - 11 (8.3%)
$9,001,$9,250 - 13 (9.8%)
$9,251-$9,500 - 17 (12.9%)
>$9,500 - 17 (12.9%)
$20,000 - 9 (6.8%)
Total Voters: 132

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21229038 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. (66 posts by 16 users deleted.)
realr0ach
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February 06, 2019, 04:35:01 AM

^I would not put ANY stock in the 200 WMA one way or another - either bullish or bearish.  In the time we speak right now, bitcoin is nothing but a dollar derivative.  Is the global macroeconomy and everything else the same right now as it was in the past?  No.  Any large macroeconomic change or sentiment would invalidate whatever the reverse looking 200 WMA says.  Looking at simple moving averages as some type of holy grail indicator is noob trading 101.  And that's what that Masterluc guy was attempting to do the other day, which should tell you he currently has no clue what's going on.
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February 06, 2019, 04:36:07 AM
Last edit: February 07, 2019, 11:43:28 AM by Gyrsur
Merited by mindrust (2)

looking not good, guys. again test of weekly 200MA, RSI 30 level and $3000 mark ahead.




EDIT: calling the BTC bottom at about $2800 and €2500 if no BTC nuclear event will happen again like the BCH/BSV hash war in fall 2018.

the support levels below should be strong enough.




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February 06, 2019, 05:08:58 AM
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Ok we are going through the 200WMA (green line).  We cant just keep dragging our asses along the line on low volume.  It’s not sustainable.

So the question is what happens next.  Do we capitulate spike down and rocket back up?  Or do we drop under and stay under until later this year?  



If you look at various shitcoins, they are continuing to bleed a lot more than BTC, so this seems to be an ongoing means to purge additional froth out of many of the various shitcoins.  Of course, that does not mean that BTC is done dumping, but if there still seems to be weakhands in the various shitcoins, that factor could continue to contribute to the ongoing downwards price pressures on BTC.

In other words, I don't know anything regarding BTC price direction, except for concluding that we remain in a bear market.  Give me a three-sided coin to flip that has a slight advantage towards the downside, a lesser advantage towards sideways and the least advantage towards up.
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February 06, 2019, 05:14:45 AM

Do we capitulate spike down and rocket back up?

Yeah, look what happened 365 days ago. Maybe it's time for another one of those. Roll Eyes
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February 06, 2019, 05:17:37 AM

If you look at various shitcoins, they are continuing to bleed a lot more than BTC, so this seems to be an ongoing means to purge additional froth out of many of the various shitcoins.  

I am dumping all of my JayJuanGee shares.
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February 06, 2019, 05:21:43 AM

Do we capitulate spike down and rocket back up?

Yeah, look what happened 365 days ago. Maybe it's time for another one of those. Roll Eyes

Good point
JayJuanGee
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February 06, 2019, 05:47:29 AM

If you look at various shitcoins, they are continuing to bleed a lot more than BTC, so this seems to be an ongoing means to purge additional froth out of many of the various shitcoins.  

I am dumping all of my JayJuanGee shares.

Assuming that you are around the same age as me, but maybe not as socially fitting as I am, but you want to reflect JayJuanGee shares in the financial side of your investment, then you would be about 1% or 2% shitcoins (4% at most), about 5% to 8% cash, and then the rest 90% or so, in bitcoin. 

Now, if you want to include traditional investments, to reflect a JayJuanGee balance that would be a bit more complicated, because there remains some ongoing traditional investments that nearly balance out the total crypto package (and bitcoin-available cash referred to above). 

Regarding PMs such as Gold and Silver, JayJuanGee is not very tolerant of those investments because he (that is me) considers bitcoin to largely have supplanted any justification for holding any PMs because, in essence bitcoin serves as a similar kind of dollar or traditional investments hedge that PMs had traditionally been serving.  But, if you cannot shake such PMs from your psyche, because you are kind of stuck in the past, JayJuanGee would tolerate up to a 6% or 7% holding in such PMs, while advising against them.

Regarding dumping JayJuanGee shares?  What you gonna do?  Gonna get screwed up?  You going into cash?  I imagine you are already too heavy in PMs?  Perhaps real property would be o.k. if you don't mind being tied down, geographically.  I recall that you, Roach, were leaning towards an Island, earlier, but I am not sure about the practicality of that kind of direction, and really it does not seem to be very divisible nor portable.. I suppose depending upon how much you have to work with.
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February 06, 2019, 05:49:22 AM

Do we capitulate spike down and rocket back up?

Yeah, look what happened 365 days ago. Maybe it's time for another one of those. Roll Eyes

Good point

Bitcoin is not very seasonal.. so we are in a different point, especially looking at least year, specifically.
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February 06, 2019, 05:56:32 AM

Bitcoin is not very seasonal..

I beg to differ, good sir. 
Phil_S
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February 06, 2019, 05:58:02 AM

2018 January: top at Jan 6.
2018 February: bottom at Feb 6.

2019 January: top at Jan 8.
2019 February: bottom... soon?
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February 06, 2019, 06:02:34 AM

2018 January: top at Jan 6.
2018 February: bottom at Feb 6.

2019 January: top at Jan 8.
2019 February: bottom... soon?


I am prepared. I know I am going to get screwed. I just hope it happens fast and I am able to leave it in the past.
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February 06, 2019, 06:26:34 AM

Bitcoin is not very seasonal..

I beg to differ, good sir. 

Fair nuff, good sir.


 Lips sealed
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February 06, 2019, 06:42:23 AM
Merited by nutildah (1)

Ummm thanks.  I guess. 

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February 06, 2019, 06:46:17 AM
Last edit: February 06, 2019, 07:22:48 AM by HairyMaclairy

Twitter founder Jack rekts shitcoiners





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February 06, 2019, 06:49:50 AM

Twitter founder Jack rekts shitcoiners






I thought yesterday that I said that I come here for the lulz....

hahahahahahaha

Don't need any crypto in the square app. and don't need no other personal crypto... Bitcoin get's it done, even if considered as boring...

hahahaha.  Go Jack.
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February 06, 2019, 06:57:08 AM
Last edit: February 06, 2019, 07:23:59 AM by nutildah

Ummm thanks.  I guess.  



In other good news, BSV was recently surpassed by Binance Coin in market cap.

Interestingly, BNB is the only coin/token to have appreciated in terms of BTC over the last 14 months.
Every single other altcoin is down against BTC in this time period.
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February 06, 2019, 07:27:10 AM

Wait, twitter jack jack? Hm. Maybe some of his questionable actions are just a result of being in a tough position.
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February 06, 2019, 07:32:04 AM
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Wait, twitter jack jack? Hm. Maybe some of his questionable actions are just a result of being in a tough position.

I used to listen to the Joe Rogan Experience all the time, and (besides an NPR podcast about BTC I heard previously, but wasn't as interesting) its pretty much the whole reason I got into bitcoin, after hearing Andreas Antonopoulos talk about it there.

So this Jack Dorsey guy was on JRE the other day and he took a _lotta_ flack in the comments... 10k thumbs up, 65k thumbs down.

https://www.youtube.com/watch?v=_mP9OmOFxc4

I should really listen to the whole thing. I think there is a whole Alex Jones crossover contingency that is pissed that their guy was banned from Twitter, and blame Jack for it, then blame Joe for taking his side.

But most notably he talked about how he thought in the future the internet would have a single digital currency, and he hoped that currency was bitcoin.
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February 06, 2019, 07:32:29 AM

Wait, twitter jack jack? Hm. Maybe some of his questionable actions are just a result of being in a tough position.

Why?  Jack is a bitcoin maximalist, and considers other coins to be shit/scams.  He is the owner of twitter, but also Square.  So many of the references that he is making is regarding square, rather than twitter, even though there may be some overlap in the future, too.  

In other words, his bitcoin maximalist stance seems to be following a similar ideology as the vast plurality of active participants of this thread.   No?  What's strange about that?
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February 06, 2019, 07:45:35 AM

Ummm thanks.  I guess. 


Glad to see cobra come to his senses.
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