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Question: New ATH today?
Yes - 19 (70.4%)
No - 8 (29.6%)
Total Voters: 27

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25462095 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. (157 posts by 13+ users deleted.)
dragonvslinux
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January 13, 2020, 10:33:18 AM
Merited by vapourminer (2)

Let's see how is doing BTC in CME:
- 61.8 FIB (8665$)  is the resistance level for CME
- 50AM and 100MA crossed below 200MA
- there are 3 gaps pending:
over us at 12k
under us at 6.1k and 3.6K



I referenced this the other day, but I'll do it again. CME looks like a shorting opportunity. Whether you'd get rekt™ over it is another story, but that's what it looks like to me.



Note, as you can tell by the chart, I wouldn't be entering this position (on BTCUSD) until Wednesday, ie until the fractal pattern continues to consildate at the highs whilst failing to break through resistance. Even though the market is already open and I'm short-term bearish.  For reference sake, this is the first 100 & 200 MA bear cross on CME, so there is no previous data to extrapolate*. However, if you had shorted this bear cross on BTCUSD last month, you would of made a tidy 25% profit from the trade:



Don't mean to be the bearer of bad news, but bear crosses are bear crosses  Undecided

*Now thinking I should of extrapolated the BTCUSD bear cross from last month, instead of the previous fractal, as would likely be more relevant with a target to low 6s instead of high 5s. But either way, there's a good few reasons why this is still bearish to me, not forgetting the bearish channel that's still intact.


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d_eddie
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January 13, 2020, 11:22:46 AM

Crypto Derivatives Exchange FTX Launched Bitcoin Options Trading

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Cryptocurrency derivatives exchange FTX has launched Bitcoin (BTC) options trading on Jan. 11.

FTX CEO Sam Bankman-Fried announced in a tweet yesterday that options were listed on the trading platform. Furthermore, later the same day he also claimed that options trading volume on the exchange reached $1 million in about 2 hours.

https://cointelegraph.com/news/crypto-derivatives-exchange-ftx-launched-bitcoin-options-trading


Haven't looked this up
settled in cash, I wager...
useless Wall Street trash?




#haiku
Millionero
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January 13, 2020, 11:34:26 AM

If you use firefox upgrade it immediately. It has a serious bug that's already being exploited.


https://www.pcworld.com/article/3513538/mozilla-firefox-vulnerability-is-so-bad-the-us-government-is-urging-users-to-patch-it-immediately.html

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This Firefox vulnerability is so bad, the U.S. government is urging users to patch it immediately

Why no mention of mobile?
Searched until I got tired of it.
Anyway I made sure Firefox on my daily drive linux box is updated.
Android tells me my mobile Firefox browser is up to date, but it shows an older version number than the one cited in the warning.  So I'll refrain from using it for now.
If the mobile browser is actually safe, they should say so.
NeuroticFish
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January 13, 2020, 11:42:15 AM

Why no mention of mobile?
Searched until I got tired of it.
I'm not sure they even stated they're specifically talking about the pc platform browser.  Though I think that's practically obvious.
Anyway I made sure Firefox on my daily drive linux box is updated.
However, my mobile Firefox browser shows an older version number, so I'll refrain from using it for now.

I guess that you should start from here: https://bitcointalk.org/index.php?topic=5216208
For mobile you need at least 68.4.1
Millionero
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January 13, 2020, 11:57:10 AM

ESR stands for extended support release (had to google it).
From your post, apparently "ESR" is synonymous with mobile for the purpose of ordinary users.
That's one more thing left unstated in the advisories.
What is is with technical writers?
Especially in a case such as this, they need to be aware of the audience.  What the audience knows (not much), and what the audience doesn't know (mostly everything).
Last of the V8s
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January 13, 2020, 12:06:48 PM

The New Kipling:
https://www.instagram.com/p/BwohtQklcxR/
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You're not a man till you've had a man.
NeuroticFish
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January 13, 2020, 12:07:47 PM

ESR stands for extended support release (had to google it).
From your post, apparently "ESR" is synonymous with mobile for the purpose of ordinary users.
That's one more thing left unstated in the advisories.
What is is with technical writers?
Especially in a case such as this, they need to be aware of the audience.  What the audience knows (not much), and what the audience doesn't know (mostly everything).

I have read that post I've linked, I've checked my mobile version, I've seen that it's 68.4.1 and I didn't check further.
I think that they may be expecting mobile users keep automated updates on.
Of course, assuming anything about the users is plain wrong.
dragonvslinux
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January 13, 2020, 12:19:34 PM

While feeling short-term bearish, I always like to review the longer-term bullish scenarios, of which I already have a few. Now that more data has been crunched by the indicators I predominantly use (CMF, RSI and MACD), there is noticeably potential for a rounding bottom formation. The indicators and also confirming this possibility, this is first piece of evidence for a new ATH this year (that everyone has now seemingly ruled out):



CMF: bullish divergence approaching 0
RSI: Finding support from 40 (bearish level)
MACD: Losing bearish momentum

Price would need to confirm this pattern with a new swing low in early February (6th-11th ideally), in order to continue moving higher in this manner.
Haven't published this on TV yet, was hoping to get some opinions or alternative perspectives from this thread  Cheesy
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January 13, 2020, 12:37:58 PM



Price would need to confirm this pattern with a new swing low in early February (6th-11th ideally), in order to continue moving higher in this manner.



That swing low price action is confirmed, as in February i will be on a planned holiday abroad with family and i need to sell some corn (fiat reserves already depleted).  Cry
mindrust
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January 13, 2020, 12:39:28 PM

While feeling short-term bearish, I always like to review the longer-term bullish scenarios, of which I already have a few. Now that more data has been crunched by the indicators I predominantly use (CMF, RSI and MACD), there is noticeably potential for a rounding bottom formation. The indicators and also confirming this possibility, this is first piece of evidence for a new ATH this year (that everyone has now seemingly ruled out):



CMF: bullish divergence approaching 0
RSI: Finding support from 40 (bearish level)
MACD: Losing bearish momentum

Price would need to confirm this pattern with a new swing low in early February (6th-11th ideally), in order to continue moving higher in this manner.
Haven't published this on TV yet, was hoping to get some opinions or alternative perspectives from this thread  Cheesy


This is a pretty optimistic view. I'd prefer that one too but what if this happens?



The new ath and $50k+ might take longer than we expect. Anybody here has enough patience to wait till 2023? (...for a friggin new ATH Sad)
ChiNgadOr
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January 13, 2020, 12:39:57 PM

Selling pressure rising, along with open interest, which is already nearly $800Millions in the most popular exchange. People overleveraged long will liquidated in a while...

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January 13, 2020, 12:44:38 PM

While feeling short-term bearish, I always like to review the longer-term bullish scenarios, of which I already have a few. Now that more data has been crunched by the indicators I predominantly use (CMF, RSI and MACD), there is noticeably potential for a rounding bottom formation. The indicators and also confirming this possibility, this is first piece of evidence for a new ATH this year (that everyone has now seemingly ruled out):



CMF: bullish divergence approaching 0
RSI: Finding support from 40 (bearish level)
MACD: Losing bearish momentum

Price would need to confirm this pattern with a new swing low in early February (6th-11th ideally), in order to continue moving higher in this manner.
Haven't published this on TV yet, was hoping to get some opinions or alternative perspectives from this thread  Cheesy


This is a pretty optimistic view. I'd prefer that one too but what if this happens?



The new ath and $50k+ might take longer than we expect. Anybody here has enough patience to wait till 2023? (...for a friggin new ATH Sad)

People keep on talking abot thousands of dollars as it was about cents.. Exponential gains won't last forever. I already talked about this in other thread https://bitcointalk.org/index.php?topic=5216737.0

Tehre is a german saying «Bäume wachsen nicht in den Himmel», translated to  "trees don't grow in sky", which means there is a natural limit for every kind of growth..
See what is happening in US stock market.. look at Apple, Tesla.. do you think they will rise indefinitely? what comes after exponential growth?  well, you decide, I am shorting like crazy.. time will tell us who was right and wrong

LFC_Bitcoin
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January 13, 2020, 12:53:42 PM
Last edit: January 14, 2020, 01:47:44 AM by LFC_Bitcoin

People keep on talking abot thousands of dollars as it was about cents.. Exponential gains won't last forever. I already talked about this in other thread https://bitcointalk.org/index.php?topic=5216737.0

Tehre is a german saying «Bäume wachsen nicht in den Himmel», translated to  "trees don't grow in sky", which means there is a natural limit for every kind of growth..
See what is happening in US stock market.. look at Apple, Tesla.. do you think they will rise indefinitely? what comes after exponential growth?  well, you decide, I am shorting like crazy.. time will tell us who was right and wrong

LOL

I love the smell of burnt shorts mixed with bear tears.


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January 13, 2020, 12:54:13 PM

While feeling short-term bearish, I always like to review the longer-term bullish scenarios, of which I already have a few. Now that more data has been crunched by the indicators I predominantly use (CMF, RSI and MACD), there is noticeably potential for a rounding bottom formation. The indicators and also confirming this possibility, this is first piece of evidence for a new ATH this year (that everyone has now seemingly ruled out):



CMF: bullish divergence approaching 0
RSI: Finding support from 40 (bearish level)
MACD: Losing bearish momentum

Price would need to confirm this pattern with a new swing low in early February (6th-11th ideally), in order to continue moving higher in this manner.
Haven't published this on TV yet, was hoping to get some opinions or alternative perspectives from this thread  Cheesy


This is a pretty optimistic view. I'd prefer that one too but what if this happens?



The new ath and $50k+ might take longer than we expect. Anybody here has enough patience to wait till 2023? (...for a friggin new ATH Sad)

Same view on 2014-2017 bowl.



From 2014's ATH to early 2017, it took exactly 3 years. But 20k ATH at late 2017, the triangle is bigger than the 1k. A lot bigger. My logic says the recovery from the last ATH (20k) should take a lot longer too.

See the triangle from 2014? It took 1 year to all the way down. Only then we started to consolidate for a year. Then rise. Looks like our current triangle is about to take MORE than 2 years. Maybe even 3. Fuck.

I hope It doesn't happen that way and we'll see a moon rocket straight to the new ATH after the halvening.

The only good news is on these charts, 200 Weekly MA is pretty much the safest bottom and you can't lose  if you buy from that support line.
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January 13, 2020, 12:59:08 PM

People keep on talking abot thousands of dollars as it was about cents.. Exponential gains won't last forever. I already talked about this in other thread https://bitcointalk.org/index.php?topic=5216737.0

Tehre is a german saying «Bäume wachsen nicht in den Himmel», translated to  "trees don't grow in sky", which means there is a natural limit for every kind of growth..
See what is happening in US stock market.. look at Apple, Tesla.. do you think they will rise indefinitely? what comes after exponential growth?  well, you decide, I am shorting like crazy.. time will tell us who was right and wrong

You’re going to end up REKT.



Please, explain me how if my liquidation is:
212079$ for BTC
999999$ for ETH
589$ for EOS

example:


I also heard many bullish people when I started shorting in July nearly 13K.. now their liquidity is in my account. Let's see if  bullish sentiment is nothing more as opium and I was wrong.., as said, time will tell who was right.



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January 13, 2020, 01:17:51 PM
Merited by JayJuanGee (1), gentlemand (1)

Shorting into a bull market is fine if you do it intermittently. We’re still in a baby bull market so when we get rejected at certain price intervals I’m sure you can make money shorting.

If you continue to short into a bull market then you’re going to end up REKT especially if you think you’re going to keep doing it as we approach & pass the halving when the price is likely to go parabolic.

Stay smart, don’t get REKT.

Note - I don’t actively trade any way. imo it’s for chancers & at times morons. Buy & HODL= the key to success.
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January 13, 2020, 01:21:54 PM
Last edit: January 13, 2020, 01:35:22 PM by mindrust

Don't get me wrong anybody. I am not afraid of btc going down.

I don't give af. I can keep myself afloat till $1k. I don't care if it hits $5.5-6k. More cheap coins for me.

What I don't like is, the new ATH may happen too late. Now that's torture. Many people here expect to get retired in 2020 or 2021 at worst.   Grin There might be some delays to those plans.

Now looking back at the 2013-2017 bowl, it looks so tiny. Damn.

Just see the bowl before the Gox bubble. It took less than a year for everything. Going down, consolidation and to the new ATH (gox one) It was even smaller.
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January 13, 2020, 01:25:31 PM
Merited by JayJuanGee (1)


<...>
Deathcross forming again like before



Deathcross just before the halving.
Which effect will prevail?
Graph paper technique from the 80's or sound mathematic modelling?
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January 13, 2020, 01:37:43 PM

Good afternoon WO!
Observing @ $8,087
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January 13, 2020, 01:45:21 PM

Don't get me wrong anybody. I am not afraid of btc going down.

I don't give af. I can keep myself afloat till $1k. I don't care if it hits $5.5-6k. More cheap coins for me.
While $1k seems very unreasonable but even if does, I too have the same view like you. It's 1 BTC = 1 BTC always for me.
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