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

[ssmc2]

600-700 coming next week, bears. You ready?

[ynef]

Edit: If you want to make money in Bitcoin or even in the stock market. Wait for a trend to develop and trade off of it in the same direction. Don't try and time the end of bear trends or bull trends.

If you bet the same amount of money each time and take your emotions out of the picture you should be able to win more than you lose and make money overall.

It's a solid strategy, but makes more sense trading the common stuff like EUR/USD. With Bitcoin there's just too many variables that can change the direction fast.

[ChartBuddy]

Coin

Explanation

[phishead]

Are we still in bull trap mode? Or what do you think the next general trend is?

[peonminer]

Shea bleeda likea good pizza piea

[r0ach]

Are we still in bull trap mode? Or what do you think the next general trend is?

Better question is, when, if ever, is the China/US $15-20 spread going to end.

[TReano]

Edit: If you want to make money in Bitcoin or even in the stock market. Wait for a trend to develop and trade off of it in the same direction. Don't try and time the end of bear trends or bull trends.

If you bet the same amount of money each time and take your emotions out of the picture you should be able to win more than you lose and make money overall.

It's a solid strategy, but makes more sense trading the common stuff like EUR/USD. With Bitcoin there's just too many variables that can change the direction fast.

the clearer a trend becomes the more likely it gets that the trend will end...


If it would be that easy to simply buy into something because it goes up trading wouldn't work. If you buy there is always somebody betting on the other side of your trade.

[r0ach]

the clearer a trend becomes the more likely it gets that the trend will end...


If it would be that easy to simply buy into something because it goes up trading wouldn't work. If you buy there is always somebody betting on the other side of your trade.

I think your statement has been invalidated by both BTC and LTC halvings.

[podyx]

Are we still in bull trap mode? Or what do you think the next general trend is?

I remember I said consolidation above $380 would be incredible when we first hit it.

Well, we hit $500 and now consolidating above $380

We goin up playa.

[natewelt]

Edit: If you want to make money in Bitcoin or even in the stock market. Wait for a trend to develop and trade off of it in the same direction. Don't try and time the end of bear trends or bull trends.

If you bet the same amount of money each time and take your emotions out of the picture you should be able to win more than you lose and make money overall.

It's a solid strategy, but makes more sense trading the common stuff like EUR/USD. With Bitcoin there's just too many variables that can change the direction fast.

the clearer a trend becomes the more likely it gets that the trend will end...


If it would be that easy to simply buy into something because it goes up trading wouldn't work. If you buy there is always somebody betting on the other side of your trade.

I disagree, but that's what makes a market.

I do buy high sell higher rather than buy low sell high and it's worked for me for years.

The more simple your strategy and the lower number of trades you make the more money you make IMO.

[r0ach]

Watching China, appears to be a Chinaman that shorted and then put up big sell walls to try and make his short work.

[Tstar]

Are we still in bull trap mode? Or what do you think the next general trend is?

Better question is, when, if ever, is the China/US $15-20 spread going to end.

I'm asking this since the dump stopped. Why is there so much difference? And yes is it going to last or not?
I don't like to know there's too much spread between China and USa/EU. That's not healthy

[noobtrader]

Are we still in bull trap mode? Or what do you think the next general trend is?

the price will be stagnant until next incredible news and/or halving.

[Tstar]

Are we still in bull trap mode? Or what do you think the next general trend is?

the price will be stagnant until next incredible news and/or halving.

Good thing is that we know there are a lot of money that go to bitcoin trading when there's a good time. These are time accumulate some by playing sideways.

[r0ach]

Are we still in bull trap mode? Or what do you think the next general trend is?

Better question is, when, if ever, is the China/US $15-20 spread going to end.

I'm asking this since the dump stopped. Why is there so much difference? And yes is it going to last or not?
I don't like to know there's too much spread between China and USa/EU. That's not healthy

Maybe it's part of the new norm.  As certain nations get in more economic trouble, maybe BTC will always carry a price premium in some places.  If a large economy such as Russia collapsed for instance, what do you imagine the BTC price premium over America would be?  Anybody know what the premium is for BTC in Venezuela right now?  People seem to think it's normal and perfectly ok for Venezuela to have a price premium but think it's strange for China to.

[Trouble821]

Are we still in bull trap mode? Or what do you think the next general trend is?

Better question is, when, if ever, is the China/US $15-20 spread going to end.

I'm asking this since the dump stopped. Why is there so much difference? And yes is it going to last or not?
I don't like to know there's too much spread between China and USa/EU. That's not healthy

Don't quote me on this, but I think the Chinese exchanges might only be accepting fiat ACH deposits, and not allowing fiat ACH withdrawals. If it's right then they can only buy on Chinese exchanges, and they have to sell on exchanges in the West. That could explain the price imbalance.

[TReano]

Edit: If you want to make money in Bitcoin or even in the stock market. Wait for a trend to develop and trade off of it in the same direction. Don't try and time the end of bear trends or bull trends.

If you bet the same amount of money each time and take your emotions out of the picture you should be able to win more than you lose and make money overall.

It's a solid strategy, but makes more sense trading the common stuff like EUR/USD. With Bitcoin there's just too many variables that can change the direction fast.

the clearer a trend becomes the more likely it gets that the trend will end...


If it would be that easy to simply buy into something because it goes up trading wouldn't work. If you buy there is always somebody betting on the other side of your trade.

I disagree, but that's what makes a market.

I do buy high sell higher rather than buy low sell high and it's worked for me for years.

The more simple your strategy and the lower number of trades you make the more money you make IMO.

What I mean is, you always buy it from somebody who thinks the price will go in his way... it doesn't mean he has to short it all the way up but still...

Some people here think trading overall is easy just because they were lucky a few times... it's not about being right all the time it's about being consistence in your decisions and not about being right all the time because that is impossible..

In the end it doesn't matter if the price goes up or down. That's what most people here will never understand when trading... Buy and Pray is not a good trading tactic long or short term..

[ChartBuddy]

Coin

Explanation

[gentlemand]

Don't quote me on this, but I think the Chinese exchanges might only be accepting fiat ACH deposits, and not allowing fiat ACH withdrawals. If it's right then they can only buy on Chinese exchanges, and they have to sell on exchanges in the West. That could explain the price imbalance.

I find it mind bending that after all these years there are so few people on this forum who can tell us how Chinese exchanges operate. Presumably there are thousands popping in and out of them every single day yet still we sit here wondering how they do it. They truly are masters of obfuscation.

[Richy_T]

Holliday, I don't think a theoretical 7 TPS (or less than 3, as is apparently the actual case) can support global underground markets. Those are estimated to involve around 1.8 billion people, and account for 15% or so of the global economy. You're still left with only providing settlements for even this limited sector.

Your point about Bitcoin being poorly suited to regular transactions seems valid to me.The blockchain model itself seems inefficient when applied to long timescales and large userbases. Perhaps that's an insurmountable flaw.

Most (as far as I can tell) big blockers are not opposed to side-chains or other off-chain transaction methods. We are mostly opposed to blocking the removal of the temporary and arbitrary restriction. Particularly at a time when interest in Bitcoin is increasing and off-chain solutions aren't available for use.