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

[Majormax]

And the partly stops, seems like we got dump hard in just less than a day.
The expectation of a bull run might change from most of the guys because the market is still very bearish.
I'm seeking some advise from the experts here, what to do next? What's the next price?

why ask a bunch of people who know just as little as you?

it's not super bearish. it's really not super bullish. it's kind of nowhere. there'll be violent moves that make no sense that don't follow through. this is what it's like when things have been wrung out.

Thats a good summary. The market does now seem to be nearly  'wrung out'. ... It's a classic chart pattern for a long time frame. Markets never move when there are too many 'passengers'

The trading range/random moves then go on for an extended period, in order to squeeze out any remaining speculators through either draining of enthusiasm, or exhaustion of trading capital. That will be 'as long as it takes'. Could even be years , especially after a really wild bull market.

[1600695041]

1600695041

[1600695041]

1600695041

[bones261]

Just yesterday, I was celebrating my birthday and it seems that I was seeing a few people indicating that the signals were there for a turn around. Now today, most have backpedalled. How much longer are we going to have to endure this overwhelming feeling of

MEH ?


 

[HairyMaclairy]

Hey man.  It looks like we just made a higher low @ $3714.  Bullish if that holds.  

[JayJuanGee]

But man, come Thursday, let that douchebag have it!

I think he gets it everyday IRL at least, being abandoned for being thick IRL is one of the reasons why someone would turn into a complete asshole online.

Define asshole.  You have mirror for yourself for that, you overly sensitive twat?

but i know the cure for his type of sickness, just ignore him , somebody else will throw another bone and he is going to catch it.

For all of the time that you used for posting your various irrelevant and unsubstantiated posts, you could have spent 1/3 of your time reading my first earlier responsive post, and perhaps answered everything therein without having had gotten so emotional... but instead, you have time to spend on subsequent post (largely irrelevant).

[Toxic2040]

Just yesterday, I was celebrating my birthday and it seems that I was seeing a few people indicating that the singals were there for a turn around. Now today, most have backpedalled. How much longer are we going to have to endure this overwhelming feeling of

MEH ?


 

Put all the exploitative trolling attempts aside. Look at the bigger picture. Look at that huge mallet that formed from todays consolidation. Trying to change momentum on these larger time scales is a exercise in futility.

We are resting on the Tenkan Sen but it is acting as support..we have already broken through. Now we will continue to trend upwards until we meet the Kijun Sen and attempt a crossing. I would expect that point to be in the $4.5k to $4.8k range and be the local top followed by a rejection down to $4k-ish to fully test support at the end of April, beginning of May time frame. A mid summer rally will test the bottom resistance of the Cloud before finding a path over it. #dyor

W

#stronghands'19

[Hueristic]

nice TA , gave you a merit.

here is another problem that the bulls have to face now, the trend line in blue



the good news is breaking out the large triangle, the down trend should act as a strong support, therefore i won't be waiting for another touch on the 200MA on the weekly for my next entry, this is how i plan to play the next long position;

1- wait for a close above the small trend line in blue and set my SL below it.
2- wait for a test of the coming support (dotted blue line) which also happen to be the down trend of the big triangle.

these two levels will provide a good risk to reward ratio with TP at the last high of yesterday.

* above is BTCUSDT chart differs a bit from BTCUSD

I don't know what this means but you drew lines so have a merit.

...I doubt anyone here is 100% correct, because, for example, ....

What are you talking about?
I thought I was wrong once, but I was mistaken.

Edited.

But man, come Thursday, let that douchebag have it!

He doesn't play fair, on Thursdays he has been on eggshells.

[birr]

...I doubt anyone here is 100% correct, because, for example, ....

What are you talking about?
I thought I was wrong once, but I was mistaken.

I think what's happening is...
Jay JuanGee has been replaced by an AI bot that concatenated the megs of text he has posted here in the past, and uses the source file to create posts now using an enhanced markov chain random text generator to perpetuate the illusion of his presence.

[JayJuanGee]

...I doubt anyone here is 100% correct, because, for example, ....

What are you talking about?
I thought I was wrong once, but I was mistaken.

I think what's happening is...
Jay JuanGee has been replaced by an AI bot that concatenated the megs of text he has posted here in the past, and creates posts now using an enhanced markov chain random text generator to perpetuate the illusion of his presence.

That's a great theory, birr.

[Toxic2040]

Humming bird takes flight.
3h


Pro tip on how to clear stop losses.
4h

#stronghands'19

[Hueristic]

Just yesterday, I was celebrating my birthday and it seems that I was seeing a few people indicating that the signals were there for a turn around. Now today, most have backpedalled. How much longer are we going to have to endure this overwhelming feeling of

MEH ?


 

It was a cool thing on you B-day though, hope I get as lucky.
/loose opsec

[Hueristic]

...I doubt anyone here is 100% correct, because, for example, ....

What are you talking about?
I thought I was wrong once, but I was mistaken.

I think what's happening is...
Jay JuanGee has been replaced by an AI bot that concatenated the megs of text he has posted here in the past, and uses the source file to create posts now using an enhanced markov chain random text generator to perpetuate the illusion of his presence.

That has already been postulated.

Humming bird takes flight.
3h


Pro tip on how to clear stop losses.
4h

#stronghands'19

U2 +sM

Cheshire smile on chart good.

[jojo69]

I think what's happening is...
Jay JuanGee has been replaced by an AI bot that concatenated the megs of text he has posted here in the past, and uses the source file to create posts now using an enhanced markov chain random text generator to perpetuate the illusion of his presence.

I learned a new word!

[JayJuanGee]

I think what's happening is...
Jay JuanGee has been replaced by an AI bot that concatenated the megs of text he has posted here in the past, and uses the source file to create posts now using an enhanced markov chain random text generator to perpetuate the illusion of his presence.

I learned a new word!

I thought that you were going to bed Jojo?  hours ago?

That has already been postulated.

If you are going to repeat, Hueristic, so will I.

[jojo69]

I thought that you were going to bed Jojo?  hours ago?

No, I'm just not staying up till Mic comes on at 08:00 UT.

I'm old, and I gotta work tomorrow.

[Hueristic]

Lol, good one to call it a night on. cya all l8r.

[nutildah]

Here goes my take on this volume: its a bearish signal because these orders were specifically placed to draw in chart analysts. If it was sincere action these would have been purchased in smaller, measured increments so as not to catch many eyes.



Bearish for the next 3-7 days.

Called it! The only time I believe in TA is when CW all agrees upon the same thing, in which case the opposite of what people expect is likely to happen.

[vroom]

my gut feeling tells me that we may have an upbart incoming

When?  I would like to plan, accordingly.  

It sure looks like a reverse Bart building up.

When?  I would like to plan, accordingly.  

Hard to say could be sooner but sometimes these barts drag their spikes on for days. I want to say 3 days.

O.k.  I will plan my bitcoin related activities around that three-day-ish timeframe.

I feel like this is a weird form of insult, as everyone on here I am going by just pure speculation and have no secret sauce.

I am not trying to insult you.  Why does it seem like everyone is becoming so defensive these days? , or is it just me? (that is just a rhetorical question, by the way).    

In my earlier post, I was merely attempting to ask you for more details regarding your reverse bart prediction, and I thank you for your fairly specific response.    By the way, to your credit I got a response... vroom has not said, shit... yet.   

Just for clarification, I am not actually going to be taking any actual action based on your prediction, because I already have a system that seems to work for me, so I was exaggerating a bit (kind of meant to be a joke) when I asserted that I would take specific action(s).  

However, based on your prediction, I am going to be looking out for a reverse bart in the 3 day-ish range.  What's wrong with that?   This is a speculation thread, and you clarified one of your speculations, no?

sorry, I was busy sleeping. I have forwarded your question to my guts and will come back to you as soon I have an answer.

[Dogboy714]

As the new head of Bitcoin marketing, I invested in a stamp. And a whole bunch of $2 bills...

[Toxic2040]

I think we are going back to 4k.  call me crazy but do your own research too.
1h

#stronghands'19

[infofront]

Thanks to micg for the original idea, and a huge thanks to xhomerx for translating that into something amazing:



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