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

[Lambie Slayer]

Thursday is a hugely epic day. Stay tuned for official announcements and decrees. 

Do you know something that we don't?

As far as the main circumstance, not necessarily. But in terms of presentation and spin, I may know a thing or two.

[Toxic2040]

lol.jpg

[Last of the V8s]

Antiguan and Barbudan man bad!

[g-uid]

Curious to know what you guys think about using RSI to make informed trades.

If you use it, care to share in what capacity and what settings?

[mindrust]

Curious to know what you guys think about using RSI to make informed trades.

If you use it, care to share in what capacity and what settings?

I find it pretty useless and unreliable. Maybe it is just me I don't know.

There are many other indicators which give you a far more precise hints. Like; The Mayer Multiple, The Puell Multiple, Moving Averages, Bollinger Bands, Elliot Waves... I usually use only the first 3.

[Toxic2040]

Curious to know what you guys think about using RSI to make informed trades.

If you use it, care to share in what capacity and what settings?

Using just one indicator is not advisable to make 'informed' trades imho. That being said, it used with other signals can be a powerful tool when used properly. There is the standard 70/30 rule that can be useful but its important to remember that the trend is your friend.

[600watt]

lol.jpg

 

out of smerit....


can it get any worse?


let´s quickly check how sustainable bSV is rewarding miners with fees to secure the network:

Today's earned fees across Bitcoin forks...

Bitcoin: $1.8M of fees earned by miners
Bitcoin Cash: $461 of fees earned by miners
Bitcoin SV: $16 of fees earned by miners
Bitcoin Gold: $2 of fees earned by miners

https://twitter.com/longhashdata/status/1130650980884930561



  rofl

[bustedsynx]

Curious to know what you guys think about using RSI to make informed trades.

If you use it, care to share in what capacity and what settings?

It is pretty much useless, buddy. You know what's best? Go to Tradingview and add one of those RSI indicator scripts that show you when to buy and when to sell. Now do some backtesting with NASDAQ or DOW  or even BTCUSD. You will see it shows 50/50 ratio wrong to right signals.

[Gyrsur]

Curious to know what you guys think about using RSI to make informed trades.

If you use it, care to share in what capacity and what settings?

It is pretty much useless, buddy. You know what's best? Go to Tradingview and add one of those RSI indicator scripts that show you when to buy and when to sell. Now do some backtesting with NASDAQ or DOW  or even BTCUSD. You will see it shows 50/50 ratio wrong to right signals.

RSI is one of the best indicators which was invented because it gives you the strenght over a certain time for long and short movements of the price.

[HairyMaclairy]

Curious to know what you guys think about using RSI to make informed trades.

If you use it, care to share in what capacity and what settings?

It is pretty much useless, buddy. You know what's best? Go to Tradingview and add one of those RSI indicator scripts that show you when to buy and when to sell. Now do some backtesting with NASDAQ or DOW  or even BTCUSD. You will see it shows 50/50 ratio wrong to right signals.

RSI is one of the best indicators which was invented because it gives you the strenght over a certain time for long and short movements of the price.

You are better off using price momentum for that.  But even that is useless.  Big moves always run for longer and higher / lower than everyone expects.  

Just use price and volume and draw triangles on longer time frames. It’s all you really need.

All these fancy mucky muck indicators are just derivative of price and volume.  And the signal to noise ratio falls as they become more derivative. 

[Gyrsur]

Curious to know what you guys think about using RSI to make informed trades.

If you use it, care to share in what capacity and what settings?

It is pretty much useless, buddy. You know what's best? Go to Tradingview and add one of those RSI indicator scripts that show you when to buy and when to sell. Now do some backtesting with NASDAQ or DOW  or even BTCUSD. You will see it shows 50/50 ratio wrong to right signals.

RSI is one of the best indicators which was invented because it gives you the strenght over a certain time for long and short movements of the price.

You are better off using price momentum for that.  But even that is useless.  Big moves always run for longer and higher / lower than everyone expects.  

Just use price and volume and draw triangles on longer time frames. It’s all you really need.

All these fancy mucky muck indicators are just derivative of price and volume.

in some markets like forex you don't have real volume just the amount of ticks over a certain time which is not very usefull. RSI works perfectly there for me.

[Hueristic]

Crypto Startup Circle Lays Off 30 Employees Citing Market, Regulatory Conditions

https://uk.finance.yahoo.com/news/crypto-startup-circle-lays-off-185535975.html

30 employees = 10% of the total staff


I've got a feeling that we're going to see a new yearly high within the next 12 hours.

Fuck Circle it is the establishment Goldmann Ballsacks.

They steal our coins, drive us away and then blame regulation so they can do even more damage than that.

[HairyMaclairy]

Bob

Have you considered getting your pilot’s license?

A friend of mine retired in her late 20s (tech unicorn) and she was always moaning that no one wanted to come out play in the middle of the week when we were all at work.

She says it’s the best thing she ever did. Requires lots of study in a completely new field and liberating to be able to fly half way across the country on a whim. 

[Privcy Foundation]

We all die in the end, money doesn't mean anything

[BitcoinGirl.Club]

Posted on May 17!

Price one year before first halvening : $2.55
Price one year after first halvening : $1,037

Price one year before second halvening : $268
Price one year after second halvening : $2,525

Price one year before the third halvening: $7,100
Price one year after the third halvening:  ?

https://twitter.com/Rhythmtrader/status/1129430776192348161?ref_src=twsrc%5Etfw

Edit:
first halvening 1037 / 2,55 = 406,666666667
second halvening 2525/268 = 9,42164179104

take the average (406,666666667+9,42164179104)/2 = 208,044154229
Total Price one year after the third halvening: 208,044154229*$7,100= $1 476 800
Not Bad   
 

Yo! I am already in the moon 🤪

Going to have a hodlsleep

Good night WO

[jbreher]

BTW, coinbase pro would not even accept a limit buy order at the ask price or above it. Same (in reverse aka below bid) with a sale, I assume.

Confirmed.

[jbreher]

https://i.imgflip.com/31b2a9.jpg
Gonna give whiskey another chance, which one should I take??

You could be like Calvin Ayre and go for the Bushmills 10YO.

F***  cannot take the same sh*t as that F***er

Sorry Goose. He breathes air, too. What ya gonna do?

[JayJuanGee]

[edited out]

Before I launch in point-by-point, I need to thank you for not simply wasting my time with another restatement of 'Aussie man bad!', which is almost universally the argument given by Core acolytes as to why SV is not preferable to BTC. So, kudos for that.

According to latest seemingly unnecessary fag drama, he seeming to have denounced his previous "aussie-ness"

Substantial BW, but what of it? SV aims to be the reserve currency of the planet. (So sorry that the BTC has abandoned this aspiration)

In spite of your pie in the sky remark, at least, for a transitory moment, it appears that you recognize a difference in the nomenclature between bcash sv and BTC...   

Am I too optimistic to sense some progress, perhaps?

So far, SV still looks like the preferable route forward to me. Current market share notwithstanding.

So far, to me, looks like you continue in a kind of trance.

Wake the fuck up, jbreher!!!!!!!!

Snap out of it.

[rebal15]

We all die in the end, money doesn't mean anything

[cryptjh]

I predict that the number of months bitcoin will never see 4 digits again, is numbered.
I am still accumulating more.
https://twitter.com/CL207/status/1130589613288878080