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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21333812 times)
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wwzsocki
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July 18, 2019, 08:08:45 AM
Last edit: July 18, 2019, 09:20:10 AM by wwzsocki
Merited by JSRAW (1)

From some time we have a correction and very strong bearish sign, which is the death cross.

I am still bullish and think that we will bounce back up from 7000$ levels when this correction finally ends.




As we all see from the charts there is not much buying volume so will be very hard to break the trend/resistance line at 10200$ if we manage to get there at all.
Exactly on this trend line, we see EMA 200, which confirms how strong this resistance is and how hard it will be to break it. BTC will bounce back to 10000$ and go down again to 7800$ levels.
There is just no other way, taking into consideration all available data. Low buy volumes, death cross, the bearish trend from weeks and Trump talking trash about BTC.

The scariest is the Death Cross, because the last time when we had the opposite sign, which is the Golden Cross, BTC price shoot up from 5000$ to AYH at around 14.000$.
If one just buys on the Golden Cross and sell now on the Death cross, would make around 100% in profit. Don't mention to sell on AYH, which makes almost 300%.
As for now, I have never seen this two to be wrong.

Here is the hourly chart, where we can see how strong the resistance is, with the EMA 200 above.



If we look at RSI will see the best example of an asset in the bear market. RSI never breaks the 60 range and repeatedly is on the oversold level deep below 35.
Now RSI will go back up and exactly when the price will be nearing the resistance line, RSI will be at the highest range. This will be a very good signal to sell if there will be no buying pressure from the bulls.

On the four hour chart, we can see much better, how the Death Cross is nearing and this is the major bearish indicator and there will be another deep very soon.
StochRSI nearing to the overbought levels and this will be the time to short BTC again.



Still, I am long term bullish and think that after this correction BTC will go back up, much higher as AYH or even ATH. Corrections are good and give us an opportunity to buy cheap BTC again  Grin.
As I said before, I will start buying BTC again around 7000$ levels. I hope that this will be not too soon. Of course, I will closely monitor everything and adjust my decisions in real-time because is just impossible to predict the future precisely. Especially when it goes to such a volatile asset as BTC.
 
Always look at the positive side of things. We can short BTC, so there is not much drama when these corrections occur. A few years ago, when there was no possibility to short BTC, we all have to wait for the deeps to buyback. Today we can participate in the market non-stop and keep making good, profitable trades, even when the BTC price is falling.
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HairyMaclairy
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July 18, 2019, 08:59:45 AM

Bear attack. Bitcoinwisdom.io being DDOSed. Bring it on fur munchers. 
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July 18, 2019, 09:22:46 AM

Still let say 13.8 current high and low 9 current low

Then what do we like more an instant red line and be at that low .... or a 2-3 month suffer of each day a few bucks lower?

Please give me the fast spikes Cheesy



Probably we will trade between 8k & 14k for the rest of this year like Hairy’s fractal suggests. I can’t see a massive movement out of the price range I mentioned. The real fun will start as we get closer to & pass the halving in mid 2020.

I guess there is still a good long period of accumulation if we want to.
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July 18, 2019, 09:31:26 AM

The longer it builds, the higher it will end up...
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BTFD, on to 15K a coin !!!!


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July 18, 2019, 09:58:46 AM

The longer it builds, the higher it will end up...

Don't we all love the building moments, brick after brick to then smoothly claim the 5-dig zone forever Smiley
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July 18, 2019, 10:17:01 AM
Merited by micgoossens (2), JSRAW (1)

Long post, but interesting read.
Read as a very informative lesson, using bitcoin lenses everything has a different twist.


Paradigm Shifts

by Ray Dalio


Quote
Identify the paradigm you’re in, examine if and how it is unsustainable, and visualize how the paradigm shift will transpire when that which is unsustainable stops.


Conlusion of the post.

Quote
Most people now believe the best “risky investments” will continue to be equity and equity-like investments, such as leveraged private equity, leveraged real estate, and venture capital, and this is especially true when central banks are reflating. As a result, the world is leveraged long, holding assets that have low real and nominal expected returns that are also providing historically low returns relative to cash returns (because of the enormous amount of money that has been pumped into the hands of investors by central banks and because of other economic forces that are making companies flush with cash). I think these are unlikely to be good real returning investments and that those that will most likely do best will be those that do well when the value of money is being depreciated and domestic and international conflicts are significant, such as gold. Additionally, for reasons I will explain in the near future, most investors are underweighted in such assets, meaning that if they just wanted to have a better balanced portfolio to reduce risk, they would have more of this sort of asset. For this reason, I believe that it would be both risk-reducing and return-enhancing to consider adding gold to one’s portfolio. I will soon send out an explanation of why I believe that gold is an effective portfolio diversifier.

Dalio is speaking of physical gold.
Roach will have an erection fot that.
But we all know BTC is the new gold.

Don't worrk, memes will follow this post.


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July 18, 2019, 10:22:19 AM

Are we gonna crush the 10K again soon-ish ?

And be on our way to the 15K-ish zone?

Come on BTC and goodmorning WO’s

Maybe we should get a $10k hat?

Oh wait.

Once you wear an higher price cap, the old one get disposed and it is not wearable anymore.

Very accurate..... you know the game Cheesy

Hat achievement unlocked 15K
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July 18, 2019, 10:23:29 AM

The longer it builds, the higher it will end up...

Don't we all love the building moments, brick after brick to then smoothly claim the 5-dig 6-dig zone forever Smiley

FTFY  Wink
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BTFD, on to 15K a coin !!!!


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July 18, 2019, 10:54:44 AM

The longer it builds, the higher it will end up...

Don't we all love the building moments, brick after brick to then smoothly claim the 5-dig 6-dig zone forever Smiley

FTFY  Wink

Haha but mean first 5 dig, to not wall below into 4 anymore..... Then again brick by brick to claim 6 dig forever Cheesy
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July 18, 2019, 11:08:42 AM

For what it’s worth (which is very little), daily RSI is down to 45ish. 

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July 18, 2019, 11:13:21 AM

Good afternoon brothers!

Sad to see kenzawak got hacked. Hope he gets his account back again. https://bitcointalk.org/index.php?topic=5165924.0

Anyway, observing @ $9,852

We are good and building strong.
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July 18, 2019, 11:16:35 AM

An interesting thing for anyone here who actually trades. Coinbase will tell you what big willies are doing - https://www.ft.com/content/59f5e8c2-a899-11e9-b6ee-3cdf3174eb89
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July 18, 2019, 11:21:36 AM


Here you go Bhai, i am sure @Hueristic skipped some pages too Cheesy - My Biased point of view-
My man! Owe you 🙂
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July 18, 2019, 11:24:33 AM


I will never be a millionaire through BTC.
I hope in a dream world 1 BTC could be worth say 5000 USD maybe 20 years from now.
I could buy a nice house mortgage free.
All a dream though of course.
WOW, you are the man! @LFC_Bitcoin
We have already seen $19k+

What's your next frustration? 🤪
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July 18, 2019, 11:25:47 AM
Last edit: July 18, 2019, 11:39:28 AM by realr0ach

Dalio is speaking of physical gold.
Roach will have an erection fot that.
But we all know BTC is the new gold.

Unless you can create blocks of pure energy that can easily be traded, stored, and harnessed to do work like in the Transformers cartoon called "energon", there's no such thing as a "new gold" or silver.  Until you can do that - probably never unless it involves something insane like anti-matter but that's too volatile - then money - the base of Exter's Pyramid - will always be a non-perishable, physical commodity resource such as the noble metals and not imaginary, valueless, digital timestamps which are neither resources or non-perishable.  

Bitcoin is an artificial, Keynesian, designed to centralize, Rube Goldberg machine that can die at any second from a million black swans that metals are immune to.  Not to mention the fact Bitcoin has built-in, rent seeking middlemen and doesn't remove counterparty risk, and is designed to centralize so has no fundamentals and no reason to exist.  Calling something with built-in, rent seeking middlemen "money" is a joke.  Bitcoin is simply an online video game where instead of having buttons, your only input is hash rate, and the so called "coins" are just the score card for the video game, but they aren't money just like the scorecards for other artificial video games are not money.
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July 18, 2019, 11:29:50 AM


37. Kenzy got hacked, Again!!  Angry
Yeah, noticed it few hours ago. Sad, init?

19. r0achie taking HER med on time - no name calling- Cheesy
Sex change? 🤪

Quote
34. Dump, 4 digit again. mic back to pizza and soon noddles?
Haha, poor mic. Have some chicken and chips LOL

We are still doing very good. Honestly!
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July 18, 2019, 11:57:12 AM

Trollgoossens, as a member of the evil, babylonian cult of Judaism, how often do you engage in esoteric rituals like this sacrificing animals to your god Satan?





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July 18, 2019, 11:58:59 AM
Merited by micgoossens (2)

Don’t worry about B1tUnl0ck3r

He had an unfortunate incident with the CIA and a tub of butter.  He hasn’t been the same since.


You will be fine.  

You’re being too nice, Hairy.
He’s a frikkin lunatic with a certain obsession...nuff said.
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July 18, 2019, 12:08:16 PM

Trollgoossens, as a member of the evil, babylonian cult of Judaism, how often do you engage in esoteric rituals like this sacrificing animals to your god Satan?



Politics & Society: https://bitcointalk.org/index.php?board=34.0
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July 18, 2019, 12:30:13 PM
Merited by BobLawblaw (1)

Let our WO pet be, go on r0achie .... fetch boy!



At least there is no room for more pets, aka Slavic1661Cuntonians. Grin
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