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Question: Is this the last time we see sub-$10K?
Yes - 38 (40.9%)
No - 55 (59.1%)
Total Voters: 93

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21532516 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. (142 posts by 32 users deleted.)
Last of the V8s
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June 10, 2019, 12:54:44 PM


 Not perfect yet but  "it is within the freaked skin of camouflage that the art resides" (attrib. Ian Stephenson)




Glory be to god for dappled things
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June 10, 2019, 01:04:31 PM

You were only supposed to blow the bloody doors off.

+1 the only true version of The Italian Job
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June 10, 2019, 01:14:50 PM

Good morning WO. Bitcoin @ $7,648

Waking up at the early morning still continues 🙂

RE-goodmorning 7710$

Good day around 8k  Cheesy
jojo69
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June 10, 2019, 01:22:41 PM

Uhm litecoin?

most profitabru
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June 10, 2019, 02:50:19 PM

Communiqué, G20 Finance Ministers and Central bank Governors Meeting, Fukoka.(Jun.8-9,2019)

Quote
Technological innovations, including those underlying crypto-assets, can deliver significant benefits to the financial system and the broader economy. While crypto-assets do not pose a threat to global financial stability at this point, we remain vigilant to risks, including those related to consumer and investor protection, anti-money laundering (AML) and countering the financing of terrorism (CFT).

https://www.mof.go.jp/english/international_policy/convention/g20/communique.htm
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June 10, 2019, 03:10:27 PM

It's so quiet around here I figured I'd better post a Chartbuddy for auld lang syne.

There was a time when WO doldrums were measured in consecutive Chartbuddies.

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How much alt coin diversification is needed? 0%?


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June 10, 2019, 03:10:32 PM

Weekly close looks very ugly and points to a trend reversal.

We might revisit 6k range in the coming weeks/months.

We might and we might not, lol.

Im more on the bearish side right now.

65% going to 6k vs 35% going to 9k.

Im looking for a short entry here.

You still bearish, criptix?

Do you still assign a 65% chance that we will reach $6k before $9k?  or have your odds changed?  

Did you enter a short, and if so was there a stoploss that got triggered?  Should be running tight stop losses, no?  Any margin trading "experts" want to chime in, here?
El duderino_
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June 10, 2019, 03:31:43 PM

via Imgflip Meme Generator

 Roll Eyes

https://www.youtube.com/watch?v=nh_LLqAQKa0
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June 10, 2019, 03:32:48 PM
Merited by JayJuanGee (1), infofront (1), fillippone (1)

HELLO GUYS!

I'm not active a lot lately cause of boring real life stuff, but when i can i'm always here hiddenly lurking........
today i saw an interesting pm  Roll Eyes so i'm just passing by seeing what's new on the WO........ so, 'sup?  Cheesy


Bitcoin still alive?






Meanwhile glad to see the hat family has grown up, but after recent events can't understand why some fools are still walking alone....






CYALL SOON BOYS Grin


EDIT: Just saw this random hello happened to be my post #1000, cool  Cheesy
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June 10, 2019, 03:34:28 PM

^
Maybe just in time to get your HAT 3D'ed Smiley
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June 10, 2019, 03:36:19 PM

HELLO GUYS!

I'm not active a lot lately cause of boring real life stuff, but when i can i'm always here hiddenly lurking........
today i saw an interesting pm  Roll Eyes so i'm just passing by seeing what's new on the WO........ so, 'sup?  Cheesy


Bitcoin still alive?






Meanwhile glad to see the hat family has grown up, but after recent events can't understand why some fools are still walking alone....







CYALL SOON BOYS Grin


EDIT: Just saw this random hello happened to be my post #1000, cool  Cheesy


I am afraid Bitcoin has died again just a couple of days:
last time on Jun 6th:
https://www.express.co.uk/finance/city/1136978/Stark-warning-for-crypto-fans-crv/amp

https://99bitcoins.com/bitcoin-obituaries/
El duderino_
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June 10, 2019, 03:37:58 PM



https://twitter.com/APompliano/status/1138076082916220928
Last of the V8s
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June 10, 2019, 03:39:00 PM

Hello hello
remember it wouldn't even die if the price was utter terrifying shit, nothing was going on and the blocks slowed down a hella lot
it gets ill
it recovers
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June 10, 2019, 03:45:07 PM

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2019-June/017012.html
[bitcoin-dev] Transcripts from coredev.tech Amsterdam 2019 meeting

sup?

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2019-June/017023.html
[bitcoin-dev] Transcripts from Breaking Bitcoin 2019

Testers are out.
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June 10, 2019, 03:46:49 PM

HELLO GUYS!

I'm not active a lot lately cause of boring real life stuff, but when i can i'm always here hiddenly lurking........
today i saw an interesting pm  Roll Eyes so i'm just passing by seeing what's new on the WO........ so, 'sup?  Cheesy


^
Maybe just in time to get your HAT 3D'ed Smiley


Mic is referring to this, I think:
https://bitcointalk.org/index.php?topic=178336.msg49549748#msg49549748

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June 10, 2019, 03:52:49 PM
Merited by JayJuanGee (1)

Weekly close looks very ugly and points to a trend reversal.

We might revisit 6k range in the coming weeks/months.

We might and we might not, lol.

Im more on the bearish side right now.

65% going to 6k vs 35% going to 9k.

Im looking for a short entry here.

You still bearish, criptix?

Do you still assign a 65% chance that we will reach $6k before $9k?  or have your odds changed?  

Did you enter a short, and if so was there a stoploss that got triggered?  Should be running tight stop losses, no?  Any margin trading "experts" want to chime in, here?

I am no expert, and I only do small time margin trading as an aside.

Stop losses are necessary sometimes, but in my experience it's better to set loose (untight! Ask jbreher if in doubt) stop losses while keeping a hedging (opposing) position on another trade leg. This often allows me to cash a bit on both legs if there is jitter around the thresholds. In any case, as one position goes more and more into loss, the other goes more and more into gain. Ideally, they should more or less balance out. At the very least, this allows me time to think: I have a choice of cashing out a bit from one or swallowing a bit of loss from the other. When the direction is clear, it is possible to exit one leg gradually - or abruptly, whatever.

Depending on the exchange's policy, I might NOT be able to use the unrealized gains as margin if I don't "realize" them (cash them out). So I do my own research, or I might find my position liquidated even in the middle of huge paper gains. What really helps is keeping the leverage very low - ideally, under 1, which actually means no leverage at all. By doing so, if the losing position gets increasingly worse, I can at least cash out the other one and gain some breathing air.

Disclosure: I have such a setup at the moment. The short position bought me some tasty bacon, but the long position is suffering. I'm going to be liquidated if the price falls below 3k. Yes. My liquidation is well below 3k. That's what I mean by "underleveraging".

One fine day I'll jump back on the wagon and stop trading for good. Until that wagon day comes, I hope my confession is helpful.
JayJuanGee
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June 10, 2019, 04:19:31 PM

Disclosure: I have such a setup at the moment. The short position bought me some tasty bacon, but the long position is suffering. I'm going to be liquidated if the price falls below 3k. Yes. My liquidation is well below 3k. That's what I mean by "underleveraging".

I am a little bit confused by this assertion.  I believe that I understand the setting up as low leverage that allows more BTC price movement before your would be forced out of the position; however, I am a little confused how longs would be unprofitable, currently with the recent price move up.

I am supposing that you entered your long and your short at BTC prices that were decently higher than today, such as in the $8,200 or higher arenas?

But if you had entered both a long and a short, yesterday-ish, at the time that criptix was asserting his bearishness, in the $7,600 price arena, then the long would be doing much better than the short, currently... right?   and if you enter with decently low leverage, then perhaps you could rest assured that you would not get liquidated out of your short position until $10k plus.. but at the same time, if BTC prices start to get close to $9k, you might want to manually close out of that short position rather than losing more and more as the BTC price might have decent chances to get close to forcing you to close your position.  

So, it seems that your perspective on strategy is going to be influenced quite decently by when you entered the position, you are likely going to have to spend a decent amount of time watching the market and even trying to assign odds to various BTC price directions on an ongoing basis in order to figure out whether the odds would be in your favor to close a losing position early or to re-establish your bets to figure out if your trading stash is growing or shrinking.

I do appreciate your stated approach, d_eddie, in which you are setting aside some of your profits from time to time (taking them off the table), but still I would imagine that sometimes there is going to be shrinkage of the trading stash and even internal questioning about whether the size of the trading stash is enough (temptations to get greedy by redeploying profits into the trading stash that previously had been stashed away).
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June 10, 2019, 04:47:01 PM

Classic WO reaction to the bitsptamp ddos at the head and sholders neckline.

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June 10, 2019, 05:15:52 PM

^Are you even a BTC-minded one?
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June 10, 2019, 05:21:11 PM
Merited by JayJuanGee (1)

Weekly close looks very ugly and points to a trend reversal.

We might revisit 6k range in the coming weeks/months.

We might and we might not, lol.

Im more on the bearish side right now.

65% going to 6k vs 35% going to 9k.

Im looking for a short entry here.

You still bearish, criptix?

Do you still assign a 65% chance that we will reach $6k before $9k?  or have your odds changed?  

Did you enter a short, and if so was there a stoploss that got triggered?  Should be running tight stop losses, no?  Any margin trading "experts" want to chime in, here?

Stop loss not triggered yet, but was close. :S

8200 would be the turning point for me.

Right now im still letting my short open, but if we hold here i might just take the loss and close the position.

Will see what happens.

Regarding tight stops, it really depends you your leverage.

In this choppy market high leverage is suicide, i would not advise to use more then 3x, you also can hedge with a 1x short just in case.
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