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

[JSRAW]

SHORT
Bitcoin VS Coca Cola - Trend Analysis. Dump soon..?

Today we decided to compare crpyto and stock markets. On the image above you can see a Bitcoin chart and the Coca-Cola company chart. The similarity is very obvious, very pity that nothing really unifies them. There are only two similarities: both are assets and, what is more important, both currencies trade people.

The value of Coca-Cola stocks depends on the demand for this company. Let me give you an example. In 2007, Coca-Cola bought a fresh factory in Russian, Moscow (capital city). This action led to a growth in stocks, as the company started covering a large part of the region and began to produce more product, thereby increased profits. However, at the end of 2007, workers of this factory started organizing strikes because Coca-Cola reduced their salaries. The productivity of this factory has decreased, and because of the fact that this factory was the only way for the company to develop in the region, the outflow of funds from the company increased and the stock price began to decline.

If we talk about Bitcoin , the growth of its price can start after the SEC approves ETF. This HUGE event will lead to an increase of the crypto popularity, thereby to an increase of crypto currencies price, mainly of Bitcoin . As you know, the decision about ETF was postponed, due to this nasty fact, the market phase changed from a growth to consolidation, the same price behaviour we can see on the Coca Cola chart. The ETF postponement means an outflow of funds from the crypto-market for a number of reasons:
1. It is early to invest because it is not reliable yet.
2. People fix profits, as there will be no bullrun yet.
3. People fix profits as they will be able to buy back for a lower price

And now we have to take a look at the charts of these currencies. Oscillators follow the same line, the price is a little bit different during some moments, but it is absolutely normal, as it goes inside all major patterns and channels. We can see the identity of up and down trends. The most striking things are the identity of charts after falling: consolidations at the lowest points, a massive pump which led to the breakout of the strong resistance. The drop of Coca-Cola stocks began falling because of almost the same reasons with Bitcoin . Assets are very similar and it would be foolish to deny this fact.

Retina, bro you might want to add source too in your post. I remember someone pointing out to you here.

Interesting bullish commentary, Retina. But where/who is it from? Please do attribute your quotes.

[VB1001]

#Bitcoin's 2018 bear market .. graphical anecdote

https://twitter.com/100trillionUSD/status/1131921718015143937

Good morning WO,s

2018 To forget.
2019 Looks better.

[Retina]

Retina, bro you might want to add source too in your post. I remember someone pointing out to you here.

Done edit and add the source.

~snip~
Source: https://www.tradingview.com/chart/BTCUSD/mHUJBWri-Bitcoin-VS-Coca-Cola-Trend-Analysis-Dump-soon/

[JSRAW]

I have had some great vegetarian Indian dishes ... no way Indian is vegan though ... but so delicious I could learn to live without meat with great Indian takeaway nearby.

India is heaven for Vegans and Vegetarians without any doubt. majority of Indians eat at least some sort of meat dishes too but Vegans and Vegetarian are in very good numbers as well.

Main Vegans and Vegetarians come from Jain, Brahmin Families. My GF is Muslim, she and half of her family are Vegetarian too. ( which is kind of depressing for me because I love Mughlai food)

I love Indian food too... vegan or not.
My ring piece complains a bit the next morning however...

Go slow with Spicy food if you don't want to disturb your belly. that's a trick.

[jojo69]

That's fucked up! My first day of trading:
5 losing trades out of 5!
There is something to strive for and where to grow

this is why we call it daytarding

[jojo69]

someone alphabetise those poor hats before i get epileptic seizures
kthxbye

never

the first rule of hats is that mine is on the upper left (or the train engineer seat)

it's science you see

[JayJuanGee]

someone alphabetise those poor hats before i get epileptic seizures
kthxbye

never

the first rule of hats is that mine is on the upper left (or the train engineer seat)

it's science you see

Exactamente!!!!  Keep those hats in whatever random-ass order they already were in, even if that benefits jojo.   

Almost like we are buddies, now...      Hopefully no peeps begin to believe that I actually like you.   

[HairyMaclairy]

The future is great, but a powerwall ... I am not so sure I would literally want a wall of lithium explosives in my house. I have fucked up a single 18650 cell before and had it catch fire, it's scary shit, I wouldn't be able to sleep at night.

It’s a good point.  It’s currently attached to the outside of house and has cameras on it, not that that is likely to help.

We are putting in a pool and will build a pool house. Now that I think about maybe should relocate it to the far side of the pool house which will be completely separate from the house.  

[Retina]

I have had some great vegetarian Indian dishes ... no way Indian is vegan though ... but so delicious I could learn to live without meat with great Indian takeaway nearby.

India is heaven for Vegans and Vegetarians without any doubt. majority of Indians eat at least some sort of meat dishes too but Vegans and Vegetarian are in very good numbers as well.

Main Vegans and Vegetarians come from Jain, Brahmin Families. My GF is Muslim, she and half of her family are Vegetarian too. ( which is kind of depressing for me because I love Mughlai food)

I love Indian food too... vegan or not.
My ring piece complains a bit the next morning however...

Go slow with Spicy food if you don't want to disturb your belly. that's a trick.

https://www.youtube.com/watch?v=Td1GEThVEnU&t=170s

Bro, I see this video and I loved this I want to soon visite your country, just loved this Food

Indian food in Kerala blew me away. If you enjoy Indian food and Indian cuisine and Indian street food, then I think you'll love my Indian food series. This time I came to Southern India to sample specialty foods from Kerala. I was invited to a local home and had an amazing home cooked meal! We also had a Keralan backwaters canoe paddle! It was the best experience from my trip to india! You can check out my other Indian food videos on my channel!

[realr0ach]

JayJuanGee, I think I'm going to start calling you null pointer since you're virtually useless.

[VB1001]

I tell you a bit about my start in Bitcoin, I feel ridiculous, but it's like this:

I started on the Internet in its beginnings, MSDOS and then in Windows, I had my time in web pages and in the purchase of domains, but unfortunately I never heard about Bitcoin, it was in August/September of 2017 when I bought Bitcoin for the first time.

I still do not understand how it is possible to be immersed in the network since 1990 with domains, web pages, design, servers and never have news of Bitcoin.

It seems fate kept me away for some reason.

I'm late and I feel like I'm hanging in the last carriage of the train.

Always Hodl with a small part for the trade.

I would have liked to be here from the beginning of the WO thread, I would probably have more BTC.

[nutildah]

I'm watching one of my favorite movies and to be fair I'm a little drunk, that movie is midnight in Paris.

If Bitcoin gets me to the point where I am wealthy enough and I have paid off all my debts and children's debts, I want to build a dark little poorly lit bar, fill in with cigar smoke and drafts of my favorite imported beer. That's where I'll spend my little lonely Friday nights.

You can do that now! Unless your favorite draft beers are $20 a pint and you like to smoke Cuban cigars...

Wait.. has the price of Cubans come down in the last couple of years? It should have.

[VB1001]

at the end of the day 1 came out profitable!) Total 1/6)
For me the most important thing is that I recognized my mistakes! It costs a lot

I remember reading a blog of one very prominent trader (sorry, I forgot the linky).
He said:

1. if your last 4-5 trades went bad, become very defensive.

2. if your last 4-5 trades were profitable, become very aggressive.

I lost a large chunk of my trading equity in 2001-2002 since I only knew the bull market of 1997-2001 prior to that.
Nothing worked, but I kept 'buying the dip'.
It was a good lesson.

And good value for money is my guess: eventually in the green anyway, unless you sodl or got rekt.

Are you referring to this blog by any chance?
http://theimpatienttrader.blogspot.com/2011/10/things-ive-learned-after-15-years-of.html

Someone posted a link to it just a few days ago. I think it was Last of the V8s.

Yes Last of the V8s was the first to post that blog on the WO afaik.  I still think of it as the most important blog post I have ever read.

Good article, with an excellent ending:

"Maintain a balanced life It's not just about the screens. Spend time with family, friends: they deserve more attention.

Stay humble, stay connected to the ground, remember where you came from and where you want to go. What is here today, can easily disappear tomorrow. Respect what you have already shot to achieve more."

[Ahab_Hunter_of_BearWhale]

@Rythmtrader

Nice post GA

[Ahab_Hunter_of_BearWhale]

#Bitcoin's 2018 bear market .. graphical anecdote

https://twitter.com/100trillionUSD/status/1131921718015143937

Good morning WO,s

2018 To forget.
2019 Looks better.

Speaking of Craig Wright - his recent application to the US copyright office related to btc and whitepaper, this is what the US copyright office had to say -

“As a general rule, when the Copyright Office receives an application for registration, the claimant certifies as to the truth of the statements made in the submitted materials. The Copyright Office does not investigate the truth of any statement made,” the Copyright Office wrote in a press release. “In a case in which a work is registered under a pseudonym, the Copyright Office does not investigate whether there is a provable connection between the claimant and the pseudonymous author.”

 Anyone can file for a copyright, personally I still maintain my doubts that Wright is Satoshi, it seems unlikely.

[VB1001]

someone alphabetise those poor hats before i get epileptic seizures
kthxbye

never

the first rule of hats is that mine is on the upper left (or the train engineer seat)

it's science you see

Exactamente!!!!  Keep those hats in whatever random-ass order they already were in, even if that benefits jojo.   

Almost like we are buddies, now...      Hopefully no peeps begin to believe that I actually like you.   

It will be fun to tell your grandchildren the different anecdotes of each of the hats when we retire and we are disgustingly rich.
The hat gallery will be part of the story.

[600watt]

I tell you a bit about my start in Bitcoin, I feel ridiculous, but it's like this:

I started on the Internet in its beginnings, MSDOS and then in Windows, I had my time in web pages and in the purchase of domains, but unfortunately I never heard about Bitcoin, it was in August/September of 2017 when I bought Bitcoin for the first time.

I still do not understand how it is possible to be immersed in the network since 1990 with domains, web pages, design, servers and never have news of Bitcoin.

It seems fate kept me away for some reason.

I'm late and I feel like I'm hanging in the last carriage of the train.

Always Hodl with a small part for the trade.

I would have liked to be here from the beginning of the WO thread, I would probably have more BTC.

imho 95% of very early buyers of btc don´t own a large btc stash anymore.

-lost/destroyed hardware
-lost private keys
-spent for pizza or other stuff
-got hacked
-some bad trades
-going full retard as "daytrader"
-sold because it finally went over $10
-lost btc on mtgox and other exchanges
-bought shitcoins
-fell for scams
-invested in butterfly labs or other vaporware
-believed the bcash lies
-believed in the ETH flippening
-etc, etc


you are still early. mass adoption not here yet. if you manage to hodl a few whole btc you are going to be allright.rich.

 

[Botnake]

@Rythmtrader

Bank not working, "BITCOIN" LOL>

Hopefully the future will be more fun, and bank will swallow their own words back.

Nothing can stop bitcoin and whether they like it or not, bitcoin will have a slice of the big pie.

[JayJuanGee]

JayJuanGee, I think I'm going to start calling you null pointer since you're virtually useless.

speak for yourself.

You can call me whatever you like.

It is not like you have a lot of credibility around here and I am one of the only ones who respond to you anyhow, you psycho.   

[El duderino_]

Good there is still BTC, that makes this morning feel a bit better.....

So its Saturday, bit of my favorite day of the week, lets see whats gonna happen today ...... as in BTC as in RL

For all you brothers Cheers already and have a good weekend.