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Question: How far will this leg take us?
$110K - 9 (8.3%)
$120K - 19 (17.6%)
$130K - 17 (15.7%)
$140K - 9 (8.3%)
$150K - 19 (17.6%)
$160K - 2 (1.9%)
$170K+ - 33 (30.6%)
Total Voters: 108

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26962026 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 1 users with 9 merit deleted.)
bones261
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February 24, 2019, 01:10:54 AM
Last edit: February 24, 2019, 03:07:29 AM by bones261
Merited by Last of the V8s (1)

Just got back from my small B-day lunch at my Mom's. Thanks for all of the good birthday wishes. I see the market still over 4000. Smiley I'm fresh out of smerits at the moment so +2 WOsmerits to those that didn't get a party favor.

JayJuanGee
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February 24, 2019, 01:11:26 AM

Interesting development in the bitstamp order book.

If anyone remembers I mentioned a few weeks ago about how much buying support there was around the 3k level, but, also at the same time how the sell orders were not following the price down (IIRC 2000 btc sold bring the price down 4%, whereas 2000 bought price up around 20%).

I've continued to keep an eye on the order book during this last increase and at the 3700 then 3900 levels buy orders and sell orders were balanced (IIRC about 2500 sold or 2500 bought would move the price 15% either way). Meaning that despite the recent increase in price the buy orders were not following the price up, meaning lack of confidence in the bounce.

Well, right now order book is showing if 2000 coins are sold the price will drop 12%, but, if 2000 coins are bought the price will rise 21%. I can only interpret this as buyers now regaining confidence and beginning to follow the price up rather then waiting for a dip to the lows or new lows. In my mind this is confirmation that the low is now in.


Seems like you are trying to put too much weight into the meaning of the order book because the order book is played around with all of the time to cause these kinds of erroneous presumptions that you seem to be attempting to make... in other words, take the order book with a BIG ASS grain of salt.

Bitstamp and their order book is the exchange that is least played around with IMO and many others opinions. Secondly, fuck you for making assumptions about what I use to gauge the market. If you think that is the only indicator that I use, you are far stupider then your many unnecessarily lengthy insane incoherent posts make out.

You seem to be the one making decent-sized assumptions regarding my intentions of the weight that you grant to various indicators, my supposed assessment of your lack of other indictors and your BTC price assessment methodology, or lack thereof.

There may be some truth about Bitstamp being less played around with in terms of neither employing margin trading and also there seem to be fewer accusations of Bitstamp insider-trading from exchange owners and things like that; however, I also believe that there remains a decent amount of industry-wide recognition that Bitstamp continues to play a significant ongoing leader role as a reliable price metric, which provides a decent enough incentive for whales to play around with their order books and to cause erroneous assessments from folks like you who may be assigning too much weight to the order book matter just like I already described in respose to your earlier post that largely speaks for itself on that question.
Lambie Slayer
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February 24, 2019, 01:13:46 AM

Where my Bears at? Cool

Coming out in a few hundred bucks as we approach the bear line

It sounds quite reasonable that this pump has a few hundred left in it before we pull back a bit. Bull market dips are the best dips.
Arriemoller
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February 24, 2019, 01:14:02 AM
Merited by jojo69 (1)

We need a new airdrop, I'm constantly out of merits, and I don't want to beg.
And to be honest, I don't want to become a legendary, they seem to get their accounts stolen way too often.
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February 24, 2019, 01:18:35 AM
Merited by Kylapoiss (1)

@XhomerX

Not wanting to sound needy or anything, but can you maybe please create a 3d hat for me too (if you still have my pic) Smiley

Greatly appreciated!

 Awww I'm sorry man - I was working from my PMs and thought I was all caught up!  You're next Smiley
Arriemoller
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February 24, 2019, 01:21:04 AM

@XhomerX

Not wanting to sound needy or anything, but can you maybe please create a 3d hat for me too (if you still have my pic) Smiley

Greatly appreciated!

 Awww I'm sorry man - I was working from my PMs and thought I was all caught up!  You're next Smiley


Is it possible to make something 3d looking out of mine?
JayJuanGee
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February 24, 2019, 01:33:48 AM

There is nothing wrong with trading BTC, and even employing margin (which is more risky than merely HODLing and accumulating), but if you start to make claims that diss on BTC HODLers and those who don't sell their BTC and merely buy BTC on dips or dollar cost average into BTC, then you have gone a step too far.  

There is nothing wrong with hodling for those who don't know how to trade, in fact if you are hodling long term it makes sense to buy at any price, whatever you pay now, you will surely be able profit from 3 years from now.

O.k.  Largely, we seem to agree about that, in terms of good strategy to buy and to hold, and I would avoid either judging people who don't want to trade or feel comfortable in trading because they are likely the majority.  Of course, there may be some who attempt to dabble in trading, but the vast number of people who attempt trading having difficulties getting it to work for them.  Accordingly, it seems that the more normal path would be to presume that most normal people should not attempt to trade unless they are ready, willing and able to invest a decent amount of time to study and practice it in such away that works meaningfully well for them.   

but not everyone is a good hodler, many people sold btc at 3200$ thinking it was going to collapse, and they will FOMO and buy now,

I agree with you that a large number of people do the wrong thing, but just because they do that does not mean that we should presume that they are going to do it or try to entice them into doing that.  I am not sure if you are enticing, but just attempting to patronize people who get emotional?  In some sense, you seem to be trying to entice people to trade, but just to do it the right way (your way) rather than following their emotional inclinations which ends up screwing them up.  Instead, of trying to get them to sell, why NOT just suggest that they refrain, unless they figure out a system that works for them......

O.k... maybe I am being too harsh on you and you are not suggesting that they sell, but instead you are merely saying that they should NOT get all excited and buy now, because such action might cause them to sell later when the price goes down (as you anticipate).  Overall, I don't think that it is bad to let people know how you believe that the market is going to perform in order to help to prepare them, but I don't see any need to either patronize with your supposed superior vision which seems to be suggesting that they do what you do... which might not be a good idea.. especially when BTC prices are still in a 80% correction zone.

and when the price moves lower they will sell again, i mean think about it, if only a handful of people are making money trading, then the majority are losing money, i never diss btc hodlers, i diss amateur traders who chase a large green candle thinking we going to the moon.

I still don't see the purpose of dissing anyone.. it is like you are creating a strawman argument.  Many of us participating in this thread have been around BTC long enough to recognize that it goes up and down, and even that there are a lot of resistance points on the way up from here, so you are not really proclaiming anything unique to say that you are the only one with a vision that the price might NOT break above some of the resistance points in the lower and mid $4k price territories.
sirazimuth
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February 24, 2019, 01:34:14 AM


whoa! nice shoes dude.
mikeywith
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February 24, 2019, 01:45:43 AM
Last edit: February 24, 2019, 02:06:51 AM by mikeywith


ok i am sorry for being realistic, i know the crowd wants moon memes and "buy now before it's too late" b.s , it makes them happy because sadly the majority of them bought btc at higher price.

the purpose of my post was a simple clear warning for those who have been losing money from day 1 in bitcoin listening to moon boys who keep encouraging them to buy btc at every level telling them " this time is different."

i am not sure how you ended up analyzing my words, but if you felt that i was disrespecting anyone then you probably need to grow a thicker skin.

i spend the time and effort to educate the noobs and i am not even wearing a signature , doing this for absolutely free, and taking the risk of going against the wind by telling them something they don't want to hear, and getting all type of b.s replies (not yours, yours is perfectly fine).

but if you have a problem with how i express my thoughts on the market, feel free to put me on ignore.

sirazimuth
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February 24, 2019, 02:01:03 AM

... then you probably need to grow a ticker skin.


I wish I could grow a ticker on my skin...save me looking at my device every 5 minutes to check price....
mikeywith
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February 24, 2019, 02:08:14 AM


lol that's indeed a terrible typo, but think about it, doesn't a ticker on skin seem like a good idea?
jojo69
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February 24, 2019, 02:14:37 AM

Night shift on duty...Mic's down for the count

and I rather don't expect him terribly early tomorrow...
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February 24, 2019, 02:46:03 AM
Merited by bones261 (3)

Nice green candles to go on top of my cake on my special day. Smiley



Happy B-Day!
Hueristic
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February 24, 2019, 02:50:34 AM

I used to be a much bigger sports fan, I still watch games every now and then but I was wasting too much time watching sports.  Might life doesn't change in the slightest if my team wins.  

I can't prove it but I think you live longer if your team wins. Smiley

Would seem more likely that you live shorter if your team loses. Which is not quite the same thing.

Interesting take and entirely possible, why hasn't someone done a study?

Stress is a killer. Why hitch your health wagon to sporting contest outcomes over which you have no control, nor even participation?

That question is beyond me. I take pleasure when My team wins another Superbowl but never stress if they lose (They were dead last my entire childhood). Smiley
JayJuanGee
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February 24, 2019, 02:53:40 AM

We seem to be going back up to $4160 again quickly and the 121BTC are still there.

Gonna easily get gobbled up, right?


Edit (less than 15 seconds after initial post):  And their gone.


hahahahahahahaha   Cheesy Cheesy Cheesy Cheesy    Gotta love it.
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February 24, 2019, 02:59:08 AM

almost always up to date on reading although I have been known to sleep or go out
almost always behind on meriting
never beg or even hint about that except here now lol
keep a list of ones i'd want to merit
sometimes have to have a ruthless blitz on decent posts list otherwise would never catch up

pretty much what I suspected, I might have to try keeping such a list.

I just drop an "IOU" and then do a search and strike them out when paid. Smiley
Lambie Slayer
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February 24, 2019, 03:07:12 AM

Bears, are you ready?

https://www.youtube.com/watch?v=JvjxRrX6Z2c
JayJuanGee
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February 24, 2019, 03:10:25 AM


I have not been accusing you of being realistic, but you seem inclined to want to generalize everyone else as being dumb but you, even though I will concede that there is a crown phenomenon, it lacks a lot of sensitivity and seems to be a kind of inaccurate generalization to attribute those characteristics to all individuals - and seemingly participants of this thread, too.

i know the crowd wants moon memes and "buy now before it's too late" b.s , it makes them happy because sadly the majority of them bought btc at higher price.

It's like you are taking various trending phenomenons and ascribing those characteristics to individuals with a kind of strawman selectivity argument.

Sure some people did not buy low and sell high and some people did the opposite.  So fucking what?  it is a phenomenon that exists, but it is no reason to conclude that everyone or even a majority have been doing that, and suggesting that those are the same people involved in bitcoin now.  Of course, there is overlap, so you seem to be just devolving into a BIG ass erroneous generalization of amorphous phenomena that don't mean what you are trying to get them to mean.



the purpose of my post was a simple clear warning for those who have been losing money from day 1 in bitcoin

Why do you want to warn people that you are clearly patronizing?  Your attempt at justification makes little sense.

By the way, there is a mixture of winners and losers in bitcoin, and so far, it has been difficult to lose money if you stay in bitcoin long enough, which means that you will likely end up experiencing a bull market at some point and most people tend to make money in bull runs.


listening to moon boys

Why do you feel a need to denigrate?  and act like bitcoin is some kind of ponzi scheme?  maybe you meant to  be participating in an ethereum thread or an ERC 20 token thread?

who keep encouraging them to buy btc at every level telling them " this time is different."

Now that seems to be like a troll/shill talking point.  what the fuck?  "this time is different"... Who the fuck here is saying that?  You trying to summarize our various posts in this thread with dumb-ass lame bearshill/beartroll talking points?  Of course, many of us, just like you, are expecting another bull run in bitcoin at some point, whether such bull run happens soon (which seems unlikely) or takes 1 to 2 years to play out (seems more likely), these seem to be good buying points, even if the price corrects again in the near future from here.


i am not sure how you ended up analyzing my words, but if you felt that i was disrespecting anyone then you probably need to grow a thicker skin.

Most likely you are disrespecting logic.  I already have a pretty thick skin, so don't worry about me.  Instead of becoming a bit more reasonable, you seem to be doubling down in the area of the nonsensical... and filled with a lot of unsubstantiated generalizations... which are generally disrespectful to the intelligence of many of the regular participants in this thread (even the dumber ones as you might be suggesting some of us to be) rather than any feelings that I have specifically.


i spend the time and effort to educate the noobs

Great.  If you are providing helpful information, then thanks, but no one really needs to be patronized, whether noob or not.

By the way, if you are providing various technical analysis, merely because you draw better lines on a chart than someone else, and some other people do not really buy into some of the charting techniques does not mean that you are smarter than those differing perspectives, even if you end up being correct in your prediction.


and i am not even wearing a signature ,

Signatures have been disabled in this thread, anyhow.


doing this for absolutely free,

A lot of us here are sharing our opinions about bitcoin and other matters, here, for free too.  Some opinions are more valuable than others, and it is good to have various diverging opinions, too.

If you are trying to suggest that your information is more valuable, then maybe you should go somewhere else and charge for it, if that might make you feel better.

Sometimes, I have seen that posters who tend to brag how valuable their information is, they are trying to build a base in order that they can charge for the information down the road.  Your comment about "free" does suggest that you would prefer to be paid because you happen to be so damned smart (compared with others here).


and taking the risk of going against the wind by telling them something they don't want to hear, and getting all type of b.s replies (not yours, yours is perfectly fine).

If you post in a public thread then you are not always going to get love.  Who has sensitive skin, here?


but if you have a problem with how i express my thoughts on the market, feel free to put me on ignore.

Of course, I am free to put you on ignore or to respond.  I don't need permission to put you on ignore, if I were to want to do that.
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February 24, 2019, 03:18:32 AM

We can call the bear line irrelevant after we cross it, and even then it should provide support

that's not what i mean, there is no "proper" trend line that you can draw from 19k, unless you going to take it from ATH all the way down to 6500k , ignoring all previous highs, such trend is week/irrelevant.

 the only valid trend line with 4 points is the one from Feb 2018 at 11930 connecting 10120 , 8400 and 6500. refer to the image above.

There is no particular need for us to agree on the interpretation of seagull entrails.  I place the bear line at around $4,500 currently and the first real test of our baby bull market.  I would be surprised if we could cross it at our first attempt.



Zoomed in




my major concern is the upcoming resistance at 4500$ area

 Relevantly both of us place upcoming resistance at $4,500.  Perhaps it doesn't matter how we come to the conclusion that resistance is at $4,500, if we both agree on it.  


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February 24, 2019, 03:19:56 AM

The greatest feeling you can get....... Grin
Its called the Pump.

https://www.youtube.com/watch?v=84cVizR6sPQ
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