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

[ChartBuddy]

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[BlindMayorBitcorn]

   Repeating past statements, it is acknowledged that Peter’s scorched
    earth replace-by-fee proposal is aptly named, and would be widely
    anti-social on the current network
    — Jeff Garzik

https://medium.com/@octskyward/replace-by-fee-43edd9a1dd6d#.i51ri5mmg

RBF isn't cool. It ain't cool Adam!!

[harrymmmm]

Really the technical analysis works to foresee the future bitcoin price? I don't think so, and there is an increasing number of specialist that consider the technical analysis as a set of superstitions and subjective beliefs rather than an objective method to understand the market behavior.

No.

MOST people try & fail to predict the price that way. Anybody can draw lines on a graph & say that's what is going to happen to the price.

TA can't predict pumps caused by major mainstream news or whales mesding about with the market.

If everyone sees the same pattern it kind of becomes a self fulfilling prophecy.

True.
IMHO, technical (chart) analysis should be seen as a messaging system amongst traders, allowing them each to know what the others will do. On seeing, for example, a double top forming, they're all sitting there with fingers trembling over the sell button, and eventually a random dip causes them all to click.

In this, they can act like a cartel, increasing their power (to change the price) like a voting bloc does.

An unpredictable pricemeister whale upsets that applecart tho

[ChartBuddy]

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[aztecminer]

Charts can say anything. It's just a tool to guess probabilities.

Still awaiting whale buy...

whale buy ?? that may be what the pumpers are waiting on as well. they will wipe out a whale...

[noobtrader]

Charts can say anything. It's just a tool to guess probabilities.

Still awaiting whale buy...

whale buy ?? that may be what the pumpers are waiting on as well. they will wipe out a whale...

maybe we could safely drop a bit to 400 then jump 800

[ChartBuddy]

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Explanation

[TERA]

I needed to join in and draw a chart with lines, so here it is. That's all you get, two lines.

[ChartBuddy]

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[Fatman3001]

I needed to join in and draw a chart with lines, so here it is. That's all you get, two lines.

[ChartBuddy]

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[orpington]

[ChartBuddy]

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[ChartBuddy]

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[Fatman3001]

Chilling words from the merchant of evil: Tim Cook

https://www.youtube.com/watch?v=rQebmygKq7A

[ChartBuddy]

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Explanation

[marcus_of_augustus]

Chilling words from the merchant of evil: Tim Cook

https://www.youtube.com/watch?v=rQebmygKq7A

we're America we should have both privacy AND national security.

.... can't the government just do their damn jobs and stop blaming their messed up shit on the people wanting privacy and freedom?

[Fatman3001]

Chilling words from the merchant of evil: Tim Cook

https://www.youtube.com/watch?v=rQebmygKq7A

we're America we should have both privacy AND national security.

.... can't the government just do their damn jobs and stop blaming their messed up shit on the people wanting privacy and freedom?

If you give the intelligence and security sector power, they'll take it. They are remarkably narrow-minded.

[ChartBuddy]

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Explanation

[oser41eric]

Charts can say anything. It's just a tool to guess probabilities.

Still awaiting whale buy...

whale buy ?? that may be what the pumpers are waiting on as well. they will wipe out a whale...

maybe we could safely drop a bit to 400 then jump 800

I don't think so. Huobi is strong at 3000. More sideways then up up and away.