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

[Retina]

BITCOIN - WHY IT’S NOT TIME FOR BUYING ?

HI guys, long time without detail explaination how BTC going with market.

Today I declare for all you “ WHY IT’S NOT TIME FOR BUYING “

As we have seen, that from the time when we break up Inverse H&S pattern from 40xx - 42xx we have strong pump up to now in 2 weeks ago.

Honestly, I very happy to see BTC has some reversal and correction in last several days. If we follow Inverse H&S so we must have correction from 47xx - 49xx, but we are in FOMO of market for thinking of “ New cycle “ or “ We will not have change for buying in dip again so keep buying “ or “ You wrong for selling in dip so keep buy as much as you can before new cycle “

That is reason why we going to 54xx$ in Binance. But happy that we will have correction from here as some explain in below.

Before reading so just CLIKE a LIKE BUTTON - just for second for support me - so thanks all you guys

Ok, let see about from the Left to the Right of chart. I will read about action of market for you can understand how it happen.

Did you see SL O; that is last Swing Low point from bullish , after that we have strong dump and making SL A. The level of SL A is lower SL O so, it confirm the bullish is over in middle term and become bearish .

the SL B is higher than SL A declare we have bullish in short term but when we confirm bearish in middle term so “ where we are ? “ >>> we are in pull back period of SH A - SL A.

So using Fibonacci Retrace and we see we may have correction from Fibonacci 0.618 - 0.786 ( 5208$ - 5302& )

Ok, let looking about the volume , consider the time after SH A. We have big bearish volume and after that we have bounce back but the volume is very low.

Looking at Candle 1 & 2 I have marked by Vertical Line, the volume of Bearish and Bullish candle is the same and higher than Average of 20 volume candle.
It mean the market has been manipulated with a “GAME”

We are trying going up but volume very low - that is why we shoulder not buy at this time.

So what we do ? WAIT FOR GOING UP AND SHORT ENTRY - BEST ADVICE

Candle 2 break up WMA 49 & 105 - I think is the fake signal for bullish short term

Okay, let see the last viewpoint. That is MACD line.

The price at SH A = 5424$ and the MACD at this point is 39.13

Let see, what happen if at right now, the price can not go higher 5424$ but MACD is going higher than 39.13 ( the number right now is very nearly ).
What’s up ? Did we have divergence ? That right. That is the best time for us SHORT ENTRY

Conclusion: THAT IS NOT THE TIME FOR BUYING ; WAITING FOR SHORT ENTRY WHEN MACD HAS DIVERGENCE AND IN FIBONACCI RETRACE OF 0.618 - 0.786

Sharing this analysis and LIKE any way !

LOVE ALL YOU

~~~ XUANHAIMMOER ~~~

https://www.tradingview.com/chart/BTCUSDT/9Db4cv52-BITCOIN-WHY-IT-S-NOT-TIME-FOR-BUYING/

[Totscha]

BITCOIN - WHY IT’S NOT TIME FOR BUYING ?

... Sniped for brevity...

https://www.tradingview.com/chart/BTCUSDT/9Db4cv52-BITCOIN-WHY-IT-S-NOT-TIME-FOR-BUYING/

Bollocks. It's always a good time to buy as long as we're below the ATH. So it's not good to buy because the price might fall back to where we are right now (or slightly lower, maybe)? For a hodler this is pure nonsense.

But there is some small wisdom there for the always nervous, coke sniffing and shorting day trader. That being said I will be most pleased if I see your shorts get rekt

[VB1001]

Soon Mastercard.

[encycrypto]

Soon Mastercard.

I think I saw the same image during 2017 bull run... Are you sure that it's updated?

[HairyMaclairy]

God, grant me the serenity to long bull markets,
Courage to short bear markets,
And wisdom to know the difference.

[El duderino_]

God, grant me the serenity to long bull markets,
Courage to short bear markets,
And wisdom to know the difference.

Granted.... damn i'm not god, but still granted

[El duderino_]

BITCOIN - WHY IT’S NOT TIME FOR BUYING ?

HI guys, long time without detail explaination how BTC going with market.

Today I declare for all you “ WHY IT’S NOT TIME FOR BUYING “

https://www.tradingview.com/chart/BTCUSDT/9Db4cv52-BITCOIN-WHY-IT-S-NOT-TIME-FOR-BUYING/

As long as 1BTC = 1BTC then I will always be a man to buy and HODL, also just never like to bet against BTC in the first place....

But when you have the right feeling about BTC (and the money invested isn't needed soon) then the momentary price doesn't mean to much and its just HODL and buy

[VB1001]

Soon Mastercard.

I think I saw the same image during 2017 bull run... Are you sure that it's updated?

I always try to contrast what I publish, but sometimes I can make mistakes.
The first thing they taught me in WO is to publish relevant news, better if they are of the day and not publish news that has already been published in the thread on the same day.

https://cryptoinsider.com/bitcoin-transaction-beats-paypal/

[Last of the V8s]

God, grant me the serenity to long bull markets,
Courage to short bear markets,
And wisdom to know the difference.

@Vizique

Serenity to accept the things I cannot change, Courage to change the things I can, and the Wisdom to know the difference.

[sheenshane]

God, grant me the serenity to long bull markets,
Courage to short bear markets,
And wisdom to know the difference.

As long as 1BTC = 1BTC then I will always be a man to buy and HODL, also just never like to bet against BTC in the first place....

HODLERS will always have benefits if you are patiently wait.

[kenzawak]

God, grant me the serenity to long bull markets,
Courage to short bear markets,
And wisdom to know the difference.

Granted.... damn i'm not god, but still granted

Calm down, you're not even a merit source yet. 

[Last of the V8s]

Some pigs are more dead than others
https://www.bbc.com/news/health-47960874
"US scientists have partially revived pig brains four hours after the animals were slaughtered.

The findings could fuel debate about the barrier between life and death, and provide a new way of researching diseases like Alzheimer's.

The study showed the death of brain cells could be halted and that some connections in the brain were restored. "

[HairyMaclairy]

yet

[kenzawak]

The new king. Looks/feels like a joke.

 Obviously the prince's luggage was lost on the flight over so he borrowed some clothing from his lady friend and her dog.

The guy doesn't know where briefs go, so what ? He's still a king !

[El duderino_]

God, grant me the serenity to long bull markets,
Courage to short bear markets,
And wisdom to know the difference.

Granted.... damn i'm not god, but still granted

Calm down, you're not even a merit source yet. 

Thats very true
Very curious how its gonna play out, still i'm anyway very pleasantly surprised with the good comments from you and all the other fellow members in that thread....

https://bitcointalk.org/index.php?topic=5132225.msg50619911#msg50619911
^
Still for some that didn't saw the thread or wanna say something (speak honest mind, neg. or pos.) its always very appreciated to just take a look and have something said.

THX Micg 

[El duderino_]

https://twitter.com/RedditBTC/status/1118567010693201922

[kenzawak]

Very curious how its gonna play out

I'm sure it's gonna happen, I just hope it doesn't take too long.

[El duderino_]

Very curious how its gonna play out

I'm sure it's gonna happen, I just hope it doesn't take too long.

Never to be sure, but if it would follow the members voice @this time, then I hope to get a fair chance and if its considered not to be good, it can always be taken back away....

[El duderino_]

https://twitter.com/RedditBTC/status/1118709103243726849

[VB1001]

^
I want to see @Cryptoqueeen with a hat.