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

[Gyrsur]

if it turns at the second HL everything will be fine thanks to Wyckoff.

L-H-HL-HH-HL

[bitebits]

"Exchanges net bitcoin balance (30d) has flipped negative, following a large amount of inflows over the previous two months."


https://twitter.com/BTCization/status/1405575541063925768

[Hhampuz]

Imagine if you sold in March 2020

[ChartBuddy]

Explanation

[Hueristic]

Yeah, if CB is annoying you just ignore it. Easy enough.

(And hi to future generations. Yes, KNC titans are still fucking profitable which is a wonder of the world)

I like it and have it on ignore and just look at it when I want the latest info.

Some people just like to complain and sometimes it works as the vocal minority gets its way alot in this world.

Unfortunately for them we are not so manipulated here.

[Gyrsur]

it is always the same. don't get fooled by the smarter ones.

Wyckoff Price Cycle

According to Wyckoff, the market can be understood and anticipated through detailed analysis of supply and demand, which can be ascertained from studying price action, volume and time. As a broker, he was in a position to observe the activities of highly successful individuals and groups who dominated specific issues; consequently, he was able to decipher, via the use of what he called vertical (bar) and figure (Point and Figure) charts, the future intentions of those large interests. An idealized schematic of how he conceptualized the large interests' preparation for and execution of bull and bear markets is depicted in the figure below. The time to enter long orders is towards the end of the preparation for a price markup or bull market (accumulation of large lines of stock), while the time to initiate short positions is at the end of the preparation for price markdown.

EDIT: OK, I understand the issue that someone can claim at: my posts are always from an investor view and not from a (day) trader view. that means I take a look around the 4 hours chart. if you go as a day trader than Wyckoff will also work and we are in a markdown on a 5 minutes chart (e.g.) with an accumulation phase to follow.

[ivomm]

What now, why price go down yo?

Seems to always happen at the same time of day. I’m kinda clucking for a breakout to the upside man. Price very underwhelming atm, hope we see some uppity soon.

This is starting to look like the 10K battle last year, which was pretty long and annoying. I think that the problem is in Binance. This is the leading exchange with the highest volume and high frequency trading. They also have derivate products, which adds pressure on the price too. This is the only exchange which doesn't have a sharp decline of its bitcoin reserve in the last year. But the pattern is very different than in the last year. Now, we can see clearly how for 12+ consequtive hours we have red candles, then 12+ hours green and so on. So either more people are online at the same hours each day taking profits or stop losses during the red hours, or a whale who has 10K+ coins is manipulating the price by squeezing the high leverage longs on all derivate exchanges. I think that the probability for the latter case is higher, since the total loss for the spot exchange trend followers, doing that dumping, will be close to 100%. In either case some good news or a whale buyer can destroy in a week this pattern by 1-2 massive short squeezes. Clearly the current price is 2-3 times below the fair price. So this gambling can't last much longer. Therefore, we need patience, as always. The FOMO bull run hasn't even started yet, the last 65K ATH was just a warm-up.

[Dabs]

Therefore, we need patience, as always. The FOMO bull run hasn't even started yet, the last 65K ATH was just a warm-up.

We need patience, now!

Oh, so if 65k is warm-up, what's the ... not-warm-up, maybe 10x of that? 650k. Awesome!

[Paashaas]

https://twitter.com/DocumentingBTC/status/1405592499394125832

[shahzadafzal]

This is next level of scamming.

Be more vigilant guys…!!!

So apparently scammers are mailing fake hardware wallets and pretending to be from Ledger with a letter signed by CEO.

Details here https://twitter.com/bitcoinmagazine/status/1405572965480153095?s=21

[Gyrsur]

if it turns at the second HL everything will be fine thanks to Wyckoff.

L-H-HL-HH-HL

Whats that last target point?

you mean the price of it?

EDIT: it's (one of serveral) LPS points.

[cAPSLOCK]

Imagine if you sold in March 2020

I bought.  So someone sold, yes.

[rdbase]

Latest video (if anybody cares to watch it) release an hour ago from the second in a series I have been following about bitcoin in these recent events of elon(g) gate.

https://bitcointalk.org/index.php?topic=5325680.msg57254644#msg57254644

[Hueristic]

you mean the price of it?

For some reason I got a low res shot and couldn't read it when zoomed but now on refresh it has cleared up.

Looks like $37,100?

[ChartBuddy]

Explanation

[Gyrsur]

you mean the price of it?

For some reason I got a low res shot and couldn't read it when zoomed but now on refresh it has cleared up.

Looks like $37,100?

if you are an investor it doesn't matter. if you are a (day) trader it does matter but that is the problem of that type of forecast you can find on Tradingview and everywhere.

reliable you cannot predict the future if the price will hold at this line or at the other line. there are just probabilities.

first I drew an easy Trendline and it appeared that line was to low. therefore I drew Fibonacci Fan lines because it appeared that this lines will fit better.

https://bitcointalk.org/index.php?topic=178336.msg57251705#msg57251705

now I'm thinking my first easy Trendline was the better choice and I was just to impatient. but who knows?



maybe we will halt on the last Fibonacci Fan line or below. Orderbook (Limit orders) and Time&Sales book (Market orders) will tell.



important is that this Higher Low will be not appear below the last Higher Low because than the formation is not valid anymore.

https://bitcointalk.org/index.php?topic=178336.msg57254651#msg57254651

[proudhon]

The crashening continues!

[Gyrsur]

https://i.imgur.com/oPyQKRz.jpg

The crashening continues!

shut the f*ck up! if we need you to make a statement on the current situation you're always not available. 

[ChartBuddy]

Explanation

[El duderino_]

*El Duderino_ update

Belgium won

Price sucks Donkey c*ck

Good evening

Cheers