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

[tomothy]

So, assuming we just had a double bottom of around ~$215ish; could we hit that resistance level again for a triple bottom? Is that realistic at all?  I just can't see us breaking out above $260 until the bit-license stuff comes out. Even if we start getting momentum; I think marketmakers could just use the new licensing standards to either push price down or push it up depending their own personal timeline concerning market manipulation. Have I just had my hopes of a new trend crushed to many time? I'm thinking $350 ~ July? W/ lots of stuff having been onramped by then (gemini,winki,etc,etc...)? But for now I just see sideways until June at least and just staying between 200-300 channel trend. Thoughts?

[Fatman3001]

I feel bad that the bears just disappear when bitcoin moves up 20 dollars.

I haven't seen tarmi or NHJT since they promised us double digit coins!

But you dont refer to me, not? My hearth always goes out to you, but at the moment Im temporaly banned for posting fucking animals here - mods told me it were spam and off-topic. You believe it?! Spam and off-topic in the Wall Observer!!

For now, the Dump3er is long, but will dump (WITH STYLE) very soon when this small correction has finished and we return our travel to the double digits!

Cheers!

You have got to be kidding me. Dump3r? Long? Pigs? Fly?

If that's not worth a CCMF, I don't know what is.

Dude, please. Corrections are always good to make extra money. I went at least a docens times long since the collaps from the ath...

...so please pack in the CCMFs.

[macsga]

Joy my friends. Joy and happiness in the form of a chart:

[bassclef]

can't he just replace with a cheaper offer?

Yeah that'd be the obvious thing to do. TBH the Finex interface when managing loans is confusing so that gives you an idea of who is shorting: noobs.

So, assuming we just had a double bottom of around ~$215ish; could we hit that resistance level again for a triple bottom? Is that realistic at all?  I just can't see us breaking out above $260 until the bit-license stuff comes out. Even if we start getting momentum; I think marketmakers could just use the new licensing standards to either push price down or push it up depending their own personal timeline concerning market manipulation. Have I just had my hopes of a new trend crushed to many time? I'm thinking $350 ~ July? W/ lots of stuff having been onramped by then (gemini,winki,etc,etc...)? But for now I just see sideways until June at least and just staying between 200-300 channel trend. Thoughts?

EW guys are calling a top at $260 then a retest of range lows. Watch us blow past it just to prove them wrong. We might get a pullback there (profit taking, new shorts) but if we stabilize and go above they'll revise their counts.

If you have a short open you should have closed $10 ago. Hoping the market comes back to you is not a strategy, it is gambling.

[ChartBuddy]

Coin
Explanation

[Fatman3001]

can't he just replace with a cheaper offer?

Yeah that'd be the obvious thing to do. TBH the Finex interface when managing loans is confusing so that gives you an idea of who is shorting: noobs.

So, assuming we just had a double bottom of around ~$215ish; could we hit that resistance level again for a triple bottom? Is that realistic at all?  I just can't see us breaking out above $260 until the bit-license stuff comes out. Even if we start getting momentum; I think marketmakers could just use the new licensing standards to either push price down or push it up depending their own personal timeline concerning market manipulation. Have I just had my hopes of a new trend crushed to many time? I'm thinking $350 ~ July? W/ lots of stuff having been onramped by then (gemini,winki,etc,etc...)? But for now I just see sideways until June at least and just staying between 200-300 channel trend. Thoughts?

EW guys are calling a top at $260 then a retest of range lows. Watch us blow past it just to prove them wrong. We might get a pullback there (profit taking, new shorts) but if we stabilize and go above they'll revise their counts.

If you have a short open you should have closed $10 ago. Hoping the market comes back to you is not a strategy, it is gambling.

.... am I the only one whose mind is boggled by their ability to ignore what they said two days ago and still claim that what they are doing makes sense? It's like a populist party. Of course they were right all along. They have called every possible movement there is.

[Wolf Rainer]

[bad trader]

The GBTC market is about to open. I'm not surprised if it continues crashing toward BTC parity.

The GBTC market should be closed now, although the average volume has not updated yet. GBTC definitely didn't continue crashing toward BTC parity.



edit: Didn't account for the 15 minute delay.

[Stevenirving]

What is happening?
Dump?
Rebound on dump?
Straight to the ATH?
Ill sell at 265

[BldSwtTrs]

The GBTC market is about to open.

The GBTC market has closed.

Lol a BTC market with an open and a close... It feels so weird.

[hdbuck]

The GBTC market is about to open.

The GBTC market has closed.

Lol a BTC market with an open and a close... It feels so weird.

[bassclef]

.... am I the only one whose mind is boggled by their ability to ignore what they said two days ago and still claim that what they are doing makes sense? It's like a populist party. Of course they were right all along. They have called every possible movement there is.

Waves on a chart tend to play themselves out in patterns (impulse, corrective) and adhere to fibonacci levels as EW dictates, but they are driven more by volume, trader psychology and supply/demand than by a predetermined set of rules. EW tries to quantify this behavior but I find it best to keep an eye on their possibilities while analyzing volume and trends and where they're likely to begin and end.

It's just one of many tools to use. Plenty of methods will help reduce risk and point one in a direction of high probability trades. At the end of the day though, good trading comes down to money management than anything else.

But yeah, on a basic level it's mind-boggling to sift through the plethora of EW charts. One of them has to be close, therefore EW works. This reasoning can suck in newbs IMO and give them a false sense of security.

[Andre#]

The GBTC market is about to open. I'm not surprised if it continues crashing toward BTC parity.

The GBTC market has closed. It definitely didn't continue crashing toward BTC parity.



Oops, 15 minute delay..?

With that volume it should now be placed above ANX and under LocalBitcoinsUSD. That's not bad for the first couple of days. I'm curious to see where it will be next Friday.

[Dump3r]

.... am I the only one whose mind is boggled by their ability to ignore what they said two days ago and still claim that what they are doing makes sense? It's like a populist party. Of course they were right all along. They have called every possible movement there is.

Waves on a chart tend to play themselves out in patterns (impulse, corrective) and adhere to fibonacci levels as EW dictates, but they are driven more by volume, trader psychology and supply/demand than by a predetermined set of rules. EW tries to quantify this behavior but I find it best to keep an eye on their possibilities while analyzing volume and trends and where they're likely to begin and end.

It's just one of many tools to use. Plenty of methods will help reduce risk and point one in a direction of high probability trades. At the end of the day though, good trading comes down to money management than anything else.

But yeah, on a basic level it's mind-boggling to sift through the plethora of EW charts. One of them has to be close, therefore EW works. This reasoning can suck in newbs IMO and give them a false sense of security.

Our pro-trader,basscleff. Mumbles about trading all days, and is nearly always wrong. Why don't you join the Trading game, where you can show your godlike skills to all the EW-noobs!? 

[bad trader]

NotLambChop keeps spamming the same image from multiple accounts.

Here are a bunch of recent NotLambChops:
stoick
rmbku
UnholyTrinity
ricmi
Bummeryc
fakecovers
Gnppnx
niiisj

[Fatman3001]

.... am I the only one whose mind is boggled by their ability to ignore what they said two days ago and still claim that what they are doing makes sense? It's like a populist party. Of course they were right all along. They have called every possible movement there is.

Waves on a chart tend to play themselves out in patterns (impulse, corrective) and adhere to fibonacci levels as EW dictates, but they are driven more by volume, trader psychology and supply/demand than by a predetermined set of rules. EW tries to quantify this behavior but I find it best to keep an eye on their possibilities while analyzing volume and trends and where they're likely to begin and end.

It's just one of many tools to use. Plenty of methods will help reduce risk and point one in a direction of high probability trades. At the end of the day though, good trading comes down to money management than anything else.

But yeah, on a basic level it's mind-boggling to sift through the plethora of EW charts. One of them has to be close, therefore EW works. This reasoning can suck in newbs IMO and give them a false sense of security.

I guess. It's just that every time I see this flock of seagulls turn on a dime I start thinking of Thomas Kuhns "paradigm shifts" and the structure of science. These guys seems to be stuck in a paradigm that's in a heap of trouble. However it's not exactly natural science, so Kuhn doesn't apply.

[UnholyTrinity]

NotLambChop keeps spamming the same image from multiple accounts.

Here are a bunch of recent NotLambChops:
stoick
rmbku
UnholyTrinity
ricmi
Bummeryc
fakecovers
Gnppnx
niiisj

Liar! Bitcoiner!
I guess you´re just another one of incas sockpuppets? How many does he have already?

[Fatman3001]

.... am I the only one whose mind is boggled by their ability to ignore what they said two days ago and still claim that what they are doing makes sense? It's like a populist party. Of course they were right all along. They have called every possible movement there is.

Waves on a chart tend to play themselves out in patterns (impulse, corrective) and adhere to fibonacci levels as EW dictates, but they are driven more by volume, trader psychology and supply/demand than by a predetermined set of rules. EW tries to quantify this behavior but I find it best to keep an eye on their possibilities while analyzing volume and trends and where they're likely to begin and end.

It's just one of many tools to use. Plenty of methods will help reduce risk and point one in a direction of high probability trades. At the end of the day though, good trading comes down to money management than anything else.

But yeah, on a basic level it's mind-boggling to sift through the plethora of EW charts. One of them has to be close, therefore EW works. This reasoning can suck in newbs IMO and give them a false sense of security.

Our pro-trader,basscleff. Mumbles about trading all days, and is nearly always wrong. Why don't you join the Trading game, where you can show your godlike skills to all the EW-noobs!? 

He contributes. Imagine if you could use that massive brain of yours to do the same.

[JimboToronto]

I'm not a TA cultist so I tend to to take most TA with a grain of salt but this jumped out at me.



Doesn't this look like a classic flagpole and pennant? Isn't that supposed to be bullish?

[Dump3r]

.... am I the only one whose mind is boggled by their ability to ignore what they said two days ago and still claim that what they are doing makes sense? It's like a populist party. Of course they were right all along. They have called every possible movement there is.

Waves on a chart tend to play themselves out in patterns (impulse, corrective) and adhere to fibonacci levels as EW dictates, but they are driven more by volume, trader psychology and supply/demand than by a predetermined set of rules. EW tries to quantify this behavior but I find it best to keep an eye on their possibilities while analyzing volume and trends and where they're likely to begin and end.

It's just one of many tools to use. Plenty of methods will help reduce risk and point one in a direction of high probability trades. At the end of the day though, good trading comes down to money management than anything else.

But yeah, on a basic level it's mind-boggling to sift through the plethora of EW charts. One of them has to be close, therefore EW works. This reasoning can suck in newbs IMO and give them a false sense of security.

Our pro-trader,basscleff. Mumbles about trading all days, and is nearly always wrong. Why don't you join the Trading game, where you can show your godlike skills to all the EW-noobs!?  

He contributes. Imagine if you could use that massive brain of yours to do the same.

By contributing you mean that he toots his own horn 15 times day. As a troll it's no problem to contribute in the same manner, often I do - even in a so exaggerated way that people (with an iq above 50) can recognize some irony.

Did I say, as a troll? Is Basscleff a troll? Maybe...

We should ask Hooorhhhee - since he has the analytic view (kinda sixt sense)