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

[rebal15]

https://twitter.com/CryptoWelson/status/1142355065606410240

For those who like adrenaline, some patterns for trading.

Is it a descending triangle?

[legendster]

Is it a descending triangle?

A descending triangle does not have a rising bottom line. And that chart is drawn inaccurately. You might want to fix that before someone picks on that. I made the same mistake a few days ago of posting a loosely drawn incorrect chart and was rightly about to get the boot to my ass.

MY post : #500359

Let me quote some of the replies to my post :

A falling wedge has a descending base, not a horizontal one.
That's  descending triangles....a beariish pattern.

(This guy's not 'normal' but he was the first to point out the flaw)

But the lines are not drawn precisely...
However, we'll see how the saga is to be continued 
Just about to reload any day, so the price can only FALL after that 

Falling wedge is indeed a bearish pattern. but that doesn't matter as this is exactly what graph "painters" want you to see! TA is not a prediction tool, TA is a manipulation tool. Graph "painters" use TA pseudo science to shape small fish behavior.

Yeah so .. you see?

[btcbeliever]

The current price is not pleasing to see rather it makes me feel uncomfortable. when will we see the $10,000 again? Should I hold or should I sell? this is the question circulating my mind right now.

you should sell, obviously BTC is not for you

Bang bang,someone is going to get an opportunity to buy some bitcoin for cheaper.

Most people don't have long term goals by the way.

But he doesn't own bitcoin, he owns ripple 

[El duderino_]

via Imgflip Meme Generator

Saturday eve 20.38CET

Finally found my way to a civilized place with food and b00z

Cheers brothers

#HODL and enjoy every moment

[jojo69]

[LUCKMCFLY]

Good things over here ....

[Lambie Slayer]

Im not seeing any serious bargain buying at these levels and we never got a proper bounce to at least tease the Vegeta price levels.

I see no special reason why 8k will hold and expect a big drop soon as people give up on it.

IMO its gonna take a ton of volume and/or a serious green dildo to end the nasty downtrend from 14k. Sadly we have neither, but happily everyone should be moving money around in preparation to buy if low bargain prices (6-7k) do come our way.

I believe a quick journey into the 6k's in October with massive volume would end this mini bear once and for all and we could all focus on spreading our halvening and 100k300k propaganda.  

A 6kish mini bear market bottom would be extremely bullish as it would be about double our major bear market bottom from Dec. 15, 2018.

[HairyMaclairy]

Rule number 1 don't quote the racist  

Rule number whatever; Do quote the racist so that they can never deny what they said.

Quoting the racist = in the well

Don’t freedom of speech us we aren’t interested

[jojo69]

"don't 'freedom of speech' us, we aren't interested"

[Lambie Slayer]

Rule number 1 don't quote the racist  

Rule number whatever; Do quote the racist so that they can never deny what they said.

Quoting the racist = in the well

But what if the well is full of Cryptosteel wallets loaded with Bitcoins?

[nutildah]

"don't 'freedom of speech' us, we aren't interested"

those are words you can take to the digital bank, and the well, and Cathleen's bike.

[HairyMaclairy]

She could still hear Melara Hetherspoon insisting that if they never spoke about the prophecies, they would not come true. She was not so silent in the well, though.

[Biodom]

Im not seeing any serious bargain buying at these levels and we never got a proper bounce to at least tease the Vegeta price levels.

I see no special reason why 8k will hold and expect a big drop soon as people give up on it.

IMO its gonna take a ton of volume and/or a serious green dildo to end the nasty downtrend from 14k. Sadly we have neither, but happily everyone should be moving money around in preparation to buy if low bargain prices (6-7k) do come our way.

I believe a quick journey into the 6k's in October with massive volume would end this mini bear once and for all and we could all focus on spreading our halvening and 100k300k propaganda.  

A 6kish mini bear market bottom would be extremely bullish as it would be about double our major bear market bottom from Dec. 15, 2018.

I agree. Would I like it? Not in the slightest. It is just the theory of us being flat until may of 2020 strikes me as almost impossible.
It would be much better to reach halving rising from the lows vs being stale.

[Lambie Slayer]

Bitcoiner will eventually be its own race as the vast wealth of Bitcoiners separates them from breeding with primitive cave dwelling nocoiners they will eventually evolve into a separate race and be unable to breed with nocoiners.

Our descendants will still be kind to nocoiners hopefully, but any offspring between a nocoiner and Bitcoiner will be sterile in the future due to large genetic differences. Its inevitable.

The best solution to stop nocoiners from going extinct will be large wildlife preserves where nocoiners can exist untouched by advanced society. We will build them banks and money printing tools to create an environment similar to their primitive ancestors.

I often mock nocoiners but it is sad to think of a once great people becoming an endangered species with no place to call home.

[HairyMaclairy]

Video showing the influence the bombing scene from the 1955 classic Dambusters had on George Lucas while shooting the attack on the DeathStar in the 1977 Clasicc Star Wars!

https://twitter.com/nick_britten/status/1180193293633806338?s=21

[Biodom]

Bitcoiner will eventually be its own race as the vast wealth of Bitcoiners separates them from breeding with primitive cave dwelling nocoiners they will eventually evolve into a separate race and be unable to breed with nocoiners.

Our descendants will still be kind to nocoiners hopefully, but any offspring between a nocoiner and Bitcoiner will be sterile in the future due to large genetic differences. Its inevitable.

The best solution to stop nocoiners from going extinct will be large wildlife preserves where nocoiners can exist untouched by advanced society. We will build them banks and money printing tools to create an environment similar to their primitive ancestors.

I often mock nocoiners but it is sad to think of a once great people becoming an endangered species with no place to call home.

Taking it more seriously than I probably should, this would mean a neo-feudal society that would never progress to another level.
We (humans) are already in danger of splitting into subspecies due to CRISPR 'revolution'.
This is real and coming to many societies as baby-modding very soon (probably within one, maximum two generations).

[Icygreen]

Rule number 1 don't quote the racist  

Rule number whatever; Do quote the racist so that they can never deny what they said.

Quoting the racist = in the well

But what if the well is full of Cryptosteel wallets loaded with Bitcoins?

Once pulled a 10 kilo silver bar from a well that the owner had obviously forgotten.... oh shit... I know where r0ach lives 

[bitcoinPsycho]

Rule number 1 don't quote the racist  

Rule number whatever; Do quote the racist so that they can never deny what they said.

Quoting the racist = in the well

But what if the well is full of Cryptosteel wallets loaded with Bitcoins?

Once pulled a 10 kilo silver bar from a well that the owner had obviously forgotten.... oh shit... I know where r0ach lives  

Grid reference?     

[Icygreen]

Rule number 1 don't quote the racist  

Rule number whatever; Do quote the racist so that they can never deny what they said.

Quoting the racist = in the well

But what if the well is full of Cryptosteel wallets loaded with Bitcoins?

Once pulled a 10 kilo silver bar from a well that the owner had obviously forgotten.... oh shit... I know where r0ach lives  

Grid reference?     

That actually happened.  The pump went out on a friends well, he had just bought the house a year before. Pulling up the pump revealed the heavy black bar of silver.  It was given back to the rightful owners and they were very appreciative.

[jojo69]

Once pulled a 10 kilo silver bar from a well that the owner had obviously forgotten.... oh shit... I know where r0ach lives  

Good friend of mine was digging a footing for a new building on his land (rural Oregon) with his trackhoe, heard breaking glass.  He was all "goddamn it" having a dangerous mess to clean up, shut off the hoe, climbed down...he had got into 2 mason jars full of Morgans and a couple eagles lost by the previous owners...true story, I did a little trading with him.