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Question: Nov. 18 closing price:
<$35,000 - 4 (9.1%)
$35,000-$35,500 - 1 (2.3%)
$35,500-$36,000 - 4 (9.1%)
$36,000-$36,500 - 4 (9.1%)
$36,500-$37,000 - 4 (9.1%)
$37,000-$37,500 - 3 (6.8%)
$37,500-$38,000 - 4 (9.1%)
$38,000-$38,500 - 5 (11.4%)
$38,500-$39,000 - 2 (4.5%)
$39,000-$39,500 - 1 (2.3%)
$39,500-$40,000 - 0 (0%)
>$40,000 - 12 (27.3%)
Total Voters: 44

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26311886 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. (170 posts by 1 users with 9 merit deleted.)
Macadonian
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October 06, 2019, 08:57:59 PM

I'm thinking $7300 will be the bottom of this.   I think too many people will pile on if we were to visit 6k again, I mean unless we are to test 3-4K again which I think is unlikely. $7300 will feel very bearish where I expect traders to sell in anticipation of a 6k support retest. Whales will take advantage of this anticipation and move prices higher.
This is not a price discovery market, its sentiment discovery and manipulation. The way I see it is:  Once the bulk of traders and noobs get comfortable with price swings and are able to either trade it or have simply resigned to HODL, the price moves up to recapture a new set of noob traders who'll be the next course of whale food.  
Why would people investing into Bitcoin be a problem if it were to reach below $6k? It theoretically would not unless these people intend on dumping at the same time in the future which could cause another drop if its all done at the same time but the probability of that happening is next to none unless we have a few whales which buy very large amounts which could influence the market.
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LUCKMCFLY
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October 06, 2019, 09:04:00 PM
Last edit: October 06, 2019, 09:28:52 PM by LUCKMCFLY


is there enough cash for $50k BTC. I mean, if holders will sell at $50k, can exchanges and all others business pay sellers?

Was there enough at 100 when people ask the same question for 10K ?

And still 50K is only little over double of ATH.....

I totally agree, I can't even imagine how much the new ATH can achieve.

Note: @micgoossens Your Vegeta Logo with the BTC is spectacular! Super cool!
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October 06, 2019, 09:05:18 PM

I'm thinking $7300 will be the bottom of this.   I think too many people will pile on if we were to visit 6k again, I mean unless we are to test 3-4K again which I think is unlikely. $7300 will feel very bearish where I expect traders to sell in anticipation of a 6k support retest. Whales will take advantage of this anticipation and move prices higher.
This is not a price discovery market, its sentiment discovery and manipulation. The way I see it is:  Once the bulk of traders and noobs get comfortable with price swings and are able to either trade it or have simply resigned to HODL, the price moves up to recapture a new set of noob traders who'll be the next course of whale food.  
Why would people investing into Bitcoin be a problem if it were to reach below $6k? It theoretically would not unless these people intend on dumping at the same time in the future which could cause another drop if its all done at the same time but the probability of that happening is next to none unless we have a few whales which buy very large amounts which could influence the market.
My point was that I believe whales control a significant portion of the price action. People piling on at 6k and below isn't good for someone who wants to control price action unless we are to go down from there of course which I already stated I think is unlikely. There are only so many coins in circulation and the HODL wave is growing all the time.  Cannot risk cheap prices for too long.
Watch the sentiment.  When things look really bad, I mean when everyone is second guessing their positions, its time to BUY! We're getting there and as stated above from another WO, a slow drain down is the most likely to bleed out any hopes.
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October 06, 2019, 09:20:39 PM

Yo yo playas... me thinks we need a slow drawn out step down so we can flush out the weak!  Grin
Maybe a punishing consolidation will do the wallet good...

stop begging for tips

What tips? Lol

I don't have an address listed


pffff... you always come scurrying down here begging for pro tips when the market rattles you.
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October 06, 2019, 09:29:52 PM


is there enough cash for $50k BTC. I mean, if holders will sell at $50k, can exchanges and all others business pay sellers?

Was there enough at 100 when people ask the same question for 10K ?

And still 50K is only little over double of ATH.....

I totally agree, I can't even imagine how much the new ATH can achieve.

Note: @micgoossens Your Vegeta Logo with the BTC is spectacular! Super cool!

Its a xhomerx10 creation Smiley

Why not co-join to research 9K from there we will go for the 10K HAT and after retry the 15K HAT

cheers
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October 06, 2019, 09:59:28 PM

Yo yo playas... me thinks we need a slow drawn out step down so we can flush out the weak!  Grin
Maybe a punishing consolidation will do the wallet good...

stop begging for tips

What tips? Lol

I don't have an address listed


pffff... you always come scurrying down here begging for pro tips when the market rattles you.

The pro's left here long ago... just paid trolls like yourself and a few old timers.

Please don't respond again fatman

Disclaimer: I always feed the homeless



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October 06, 2019, 11:00:22 PM

Bitcoin dominance seems to be approaching the major support range:

Gyrsur
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October 06, 2019, 11:01:25 PM
Last edit: October 08, 2019, 09:09:49 PM by Gyrsur

I've collected all post regarding this "Hedge your position right from the start" discussion in a separated thread for better reading through and maybe ongoing discussion there if you like.

Hedge your position right from the start - ongoing discussion
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October 06, 2019, 11:22:41 PM

The next 38 minutes are critical.
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October 06, 2019, 11:34:53 PM

The next 38 minutes are critical.

YES, they are!

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October 07, 2019, 12:23:46 AM

IMO, Tweezer Bottom is one of the (very) possible scenarios at this stage:



Credits: @BigCheds
jojo69
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October 07, 2019, 12:30:00 AM

we're cooked

so much for lambo world
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October 07, 2019, 12:34:49 AM

we're cooked

so much for lambo world

What about that Anon's October prediction?

P.S:

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October 07, 2019, 01:37:43 AM

Yeah merit stats.

Problem is that you did not say "no homo"....  Angry Angry Angry Angry

So mic and JJG are 2 wonder-boys.

Anyways India won the Test game against SouthAfrica.

I not caught up, but why am I in a group with JJG??

It was a discussion - The two most likely WO’s to date in the future.

 Tongue

via Imgflip Meme Generator

You did not say "no homo" either.    Angry Angry Angry

Xhomer really needs to come through with the no homo hats before it gets too gay in here. No homo.

Maybe you and I are going to have another battle, Lambie?  because I am thinking that a generic disclaimer is likely to be materially insufficient to off-set some of the lovey dovey that seems to be spreading through this thread.  Too much lovey dovey is likely to NOT be good for rambunctious bitcoin discussion, and maybe there is a bit of a social attack coming onto this WO thread?   

Sure, I am o.k. that there tends to be a sufficient dogpiling on trolls/shills, but sometimes we need to be expressively critical of the ideas of one another too, without giving credit for merely liking of each other.

Alternatively, there can be a bit of bleeding of bitcoin passion in recent times too that goes along with some of the bleeding of the bitcoin price.  Not too many of us feel as inclined to talk about fuck you money and all that when the price is going through a persistent bleeding, and surely there are some folks, such as yourself who is asserting a low that is somewhere in the $6k region, and yeah, perhaps that would be the case, even if there is a bit of a preference, even from yours truly that some of you down before up folks will end up being completely and unambiguously wrong...  and even there is some coincidence with seeming troll/shills, like whiteboy420  and the like who end up being correct, too.... so while we continue to bleed, the bears, the beartrolls and the down before up, end up being correct - and surely some of those folks will be acting on the down (if it comes) rather than merely watching in an academic kind of way that just projects greater and greater down, once some of it happens.
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October 07, 2019, 01:53:33 AM
Merited by nutildah (4)

Cooking tip for the mentally ill: If you insist on eating liver and fava beans, make sure to go off your MAO inhibitor first. Lest you have a hypertensive crisis and have a stroke and die. But your mental illness will probably return. And that's when the lambos start screaming again. Silence of the lambos. Get it?

Meh.

Whatever.
 
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October 07, 2019, 01:54:13 AM

Fuck you Fatty


Also look who made the top of the list  Gratz man - well deserved.  

 

What's that sorcery?
I didn't even know that part of the forum exists as I always relied on external efforts like tables and datas from ddmrddmr or LoyceV.
Anyway, I take no pride in that, It your merit (pun intended). I only try to contribute to the forum in the best way I can and try to stimulate most interesting (and entertaining) discussions.



wut?

aren't you a merit farmer? with your own thread and all?

I just got to 1,200 merits.
I am the most merited Senior Member ok the Forum, and I have time to improve until Oct, 9th when My activity will clock and I will be promoted to Hero!

wait.... ok...

I accept the suggestion of being more humble.

hmmmm.....


and then this

Anyway, I take no pride in that, It your merit (pun intended). I only try to contribute to the forum in the best way I can and try to stimulate most interesting (and entertaining) discussions.

ah, I see. Someone told you to be more humble so now you're merit farming for the good of humanity.

ignore?



btw, thanks for celebrating Fatmans Friday @HairyMcNutsack

Doesn't fatty contribute the most substantive of posts?  Bitter and resentful, a little, no?
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October 07, 2019, 02:01:54 AM

Does any threads on SF (stock to flow) already exists here on BitcoinTalk forum?
Shall I write one?

Why do you keep posting the same bullshit lie over and over pretending this bogus 'stock to flow' model works on imaginary, digital shitcoins when it doesn't?  Stock to flow only works on physical commodity resources that people actually need for something, not imaginary, fake commodities that don't exist, don't serve as a resource, and that nobody actually needs for anything.  

If this bogus stock to flow model actually worked for digital shitcoins, there wouldn't be a million dead digital shitcoins that already exist.  Even though their supply was cornered while flow also being restrained, they all go to zero anyway. In case you are literally fucking retarded, the sheer existence of all these other dead coins should tell you cornering the market on a fake commodity that only exists in your imagination and doesn't serve as a resource grants you no type of extortion purchasing power over anyone.
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October 07, 2019, 02:21:40 AM

IMO, Tweezer Bottom is one of the (very) possible scenarios at this stage:



Credits: @BigCheds

Yeah ok so I've never heard of a tweezer before and looked it up and I'm wondering if people just sit around making up names for every fucking pattern they ever see now.

http://www.chart-formations.com/candlestick-patterns/tweezers.aspx

Whats the criteria to be a named pattern, happened more than once in any market anywhere?


I've collected all post regarding this "Hedge your position right from the start" discussion in a separated thread for better reading through and maybe ongoing discussion there if you like.

Hedge your position right from the start - ongoing discussion

Thanks for doing this, I'm so far behind right now I would probably have missed the discussion and if not missed it surely would not have caught all the posts. Of course now I'm reading that thread instead of catching up on this one! Zero sum game just like that strategy long term. Cheesy
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October 07, 2019, 02:26:29 AM
Merited by vapourminer (1), JayJuanGee (1)

What was the October anon prediction ?   price can do anything, only sign we have is the balance of probabilities.  

Quote

is there enough cash for $50k BTC. I mean, if holders will sell at $50k, can exchanges and all others business pay sellers?

There is resistance to pricing of course, money wants to go elsewhere so theres always pressure to sell I think.   But 50k is possible, theres more then enough dollars available in circulation globally to make that happen.   Theres a greater excess of spare dollars every month to help enable that, spikes like 2008 can occur but the correct direction is excess supply; everything says that only a surprising default series would counter the trend.  
   It would require much less then the 1 trillion of dollars theoretically needed to match the 21 million of BTC in theory available.   Partly because not all of those BTC are really available and also every system has natural wastage, put simply theres always pennies down the back of the sofa.   Not all the supply is liquid ready to be sold, the greater population of users we have the more natural holders occur because the wealth is distributed across many wallets and some just dont want to sell as its not alot in their particular case.   Utility becomes more important to them, we just need that to be a factor and value can accumulate.
   Its far more important we gain this natural population then the speculators guessing prices and always ready to sell, especially if they are leveraged and have no choice but to liquidate.   As per that famous twitter feed of leverage positions blowing up or the whale movements, even they dont matter imo.   50k is possible but theres still alot of resistance to that all the same, the market always wants to provide alternate routes and it demands efficiency also I think is important long term.   We live in extraordinary times.
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October 07, 2019, 02:30:25 AM

EDIT: is it just me or does it seem to others also that respect for the elderly has gone down the tubes lately

I think it's sort of the opposite.  The boomers might turn out to be the most privileged generation in all of human existence past and future, even though they lie and claim it's younger generations than them.  I've seen people in the healthcare industry post about this topic before saying the same thing.  They say they have boomers come in 24/7 thinking theyre entitled to their 5th hip and knee transplant, heart transplant, etc, etc.  

It's basically to the point where they believe they're entitled to having giant teams of scientists working around the clock to keep these people alive forever while most younger people (except female communists which is an oxymoron since all women are communists) both can't afford access to any type of healthcare at all and also do not see themselves as being entitled to it either.  So as you can see, the real sense of self importance is more situated in the boomer generation than anything, and self importance is mostly a synonym for disregard of others.

I know a lot of this issue is based around things like Medicare, which SHOULD NOT EXIST in the first place, so that's also a problem.  The current existence of Medicare means govt subsidizes healthcare for old people, which jacks the price up to the moon as with anything the govt subsidizes, so then nobody else can afford it.  It's an artificial rationing scenario where society is wasting all it's resources on 80 year olds instead of younger and middle aged people.
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