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

[quarternions]

Would shorting right now still make some money or will it go up soon again. Missed the "big" drop while eating ...
Can't really make sense of it right now....

Edit:
Bitcoinforcast is predicting for it to go down but it says this at the top :
Flash info: This exchange is currently 4.42% below global market average. Correction up to 2 359 EUR may be imminent.

[rjclarke2000]

Would shorting right now still make some money or will it go up soon again. Missed the "big" drop while eating ...
Can't really make sense of it right now....

Edit:
Bitcoinforcast is predicting for it to go down but it says this at the top :
Flash info: This exchange is currently 4.42% below global market average. Correction up to 2 359 EUR may be imminent.

Just flip a coin buddy. That's pretty much what everyone else does.

[Roccker]

We are in 'return to normal', it seems to me


[Argh. I am a total newb.
I am pretty sure it goes under 2100 again in the next days.
The weekly red candle seems a strong sign bubble is over. Rebound was to 2650, and now it will go down.

For tax reasons i can only do one sell per year. So one sell and one rebuy.
But i am paralyzed looking at the bars and don't do anything.]

[rjclarke2000]

We are in 'return to normal', it seems to me


[Argh. I am a total newb.
I am pretty sure it goes under 2100 again in the next days.
The weekly red candle seems a strong sign bubble is over. Rebound was to 2650, and now it will go down.

For tax reasons i can only do one sell per year. So one sell and one rebuy.
But i am paralyzed looking at the bars and don't do anything.]

Do nothing then. Hodl on. Always a winning idea in the end.

[orpington]

Any ideas why the exchanges are speculating a drop to 1723 in the short term? http://www.bitcoinforecast.com
Although this is not always correct, bitstamp nailed the most recent drop within a few bucks. 

What a bunch of fucktards having an anti-trump disclaimer on their site.  The label has the typical "trump be raycist" statement, but all the word racist means nowadays is white people that refuse to be cuckolds for brown people.

gotta agree with you on that one

[conspirosphere.tk]

For tax reasons i can only do one sell per year. So one sell and one rebuy.
But i am paralyzed looking at the bars and don't do anything.]

That's the right way to do it, beyond tax reasons. The pic below let you imagine year-traders.
They're just one step below the HODLer's nirvana.

[quarternions]

For tax reasons i can only do one sell per year. So one sell and one rebuy.
But i am paralyzed looking at the bars and don't do anything.]

That's the right way to do it, beyond tax reasons. The pic below let you imagine year-traders.
They're just one step below the HODLer's nirvana.

https://pbs.twimg.com/media/DCmiWlmVYAIxcig.jpg

I am the above (since about 3 months) I do it after work mostly but I actually like it. I can look at the charts for hours in a row and just love to read and try to make some nice earnings each night.

Also placing that leverage 5 short order was a good idea

[starmman]

For tax reasons i can only do one sell per year. So one sell and one rebuy.
But i am paralyzed looking at the bars and don't do anything.]

That's the right way to do it, beyond tax reasons. The pic below let you imagine year-traders.
They're just one step below the HODLer's nirvana.

I am the above (since about 3 months) I do it after work mostly but I actually like it. I can look at the charts for hours in a row and just love to read and try to make some nice earnings each night.

Also placing that leverage 5 short order was a good idea

I like looking at charts too - but don't spend as much time as I used to - wrote a bot to follow my main trading rules - now I spend most of the time reallocating assets =)

[St.Stephan]

Any ideas why the exchanges are speculating a drop to 1723 in the short term? http://www.bitcoinforecast.com
Although this is not always correct, bitstamp nailed the most recent drop within a few bucks. 

What a bunch of fucktards having an anti-trump disclaimer on their site.  The label has the typical "trump be raycist" statement, but all the word racist means nowadays is white people that refuse to be cuckolds for brown people.

No, racism has not narrowed itself down to fit your narrative of it.

Honestly, I respect your trading posts. I think they are well written and show insight. But whatever politics you have, you would never trade them -  and your skin color -  for being a black person getting stopped by a white cop. Would you.

[Prova123]

Drunk thought: The stupid rise of alts is a trap to trick people into divesting btc into ANYTHING ELSE. And then pumping btc.

no: and then PULL IT, that is try to crash them all at once. Imagine the bad publicity for crypto by what might happen with ETH.

ETH?  What? 

[quarternions]

For tax reasons i can only do one sell per year. So one sell and one rebuy.
But i am paralyzed looking at the bars and don't do anything.]

That's the right way to do it, beyond tax reasons. The pic below let you imagine year-traders.
They're just one step below the HODLer's nirvana.

https://pbs.twimg.com/media/DCmiWlmVYAIxcig.jpg

I am the above (since about 3 months) I do it after work mostly but I actually like it. I can look at the charts for hours in a row and just love to read and try to make some nice earnings each night.

Also placing that leverage 5 short order was a good idea

I like looking at charts too - but don't spend as much time as I used to - wrote a bot to follow my main trading rules - now I spend most of the time reallocating assets =)

Ahh cool, well I'm still learning a lot about trading, but I am currently programming a dashboard to simplify some stuff ( auto limit orders, managing funds from customer etc ). Also since this is the speculation forum, what is everyone's thought about tonight, how low will we go. 2k support or back to 1900

[JayJuanGee]

Ahh cool, well I'm still learning a lot about trading, but I am currently programming a dashboard to simplify some stuff ( auto limit orders, managing funds from customer etc ). Also since this is the speculation forum, what is everyone's thought about tonight, how low will we go. 2k support or back to 1900

Well, currently, we seem  to be about in the middle of a price range of $2300 to $2650.  We are nearly in the middle, and it seems to be a bit less likely that we are going to break downwards out of the range before we break upwards.

And, yeah, if we were to break downwards, then there would be pretty decent odds of going below $2k and $1800 would be fairly reasonable.. on the other hand, like I said, breaking up seems to bit more of a better bet - at least at the moment... and if we break above $2650 then likely we will be on our way to testing $3k.

I would not rule out consolidating for 1-2 weeks either, which may cause some boredom and maybe that is slightly less odds of going up would be to go sideways within the previously described price range.

[mymenace]

^^^^
Damn straight.

[d_eddie]

use ... XAPO card for example.

I've checked it out. Most of these cards have limits for unidentified users of, "1000 USD/1000 EUR". Lifetime limit. Does it mean the cards becomes totally useless after withdrawing 1000?

[HI-TEC99]

Ahh cool, well I'm still learning a lot about trading, but I am currently programming a dashboard to simplify some stuff ( auto limit orders, managing funds from customer etc ). Also since this is the speculation forum, what is everyone's thought about tonight, how low will we go. 2k support or back to 1900

Well, currently, we seem  to be about in the middle of a price range of $2300 to $2650.  We are nearly in the middle, and it seems to be a bit less likely that we are going to break downwards out of the range before we break upwards.

And, yeah, if we were to break downwards, then there would be pretty decent odds of going below $2k and $1800 would be fairly reasonable.. on the other hand, like I said, breaking up seems to bit more of a better bet - at least at the moment... and if we break above $2650 then likely we will be on our way to testing $3k.

I would not rule out consolidating for 1-2 weeks either, which may cause some boredom and maybe that is slightly less odds of going up would be to go sideways within the previously described price range.

It's been quite volatile recently so maybe it's time to go sideways for a while. There's no news I could find that might create wild price moves. Maybe if some big story appears it could push the price one way or the other.

[deepcolderwallet]

AFAIK he's the creator of Litecoin, isn't he? If it's true it really matters. Imagine Satoshi coming back to defeat Jihan-Ver evil empire?

Yeah, but... he took the Bitcoin codebase and literally changed a few config settings, gave it a new name, and launched it as Litecoin. All in about a weekend (by his own admission). It was a pet project.

I mean the guy is smart, sure, but you really want to equate that effort with the genius that is Satoshi?

Far from me comparing both, I was only trying to find a solid explanation to LTC pump.

[conspirosphere.tk]

Drunk thought: The stupid rise of alts is a trap to trick people into divesting btc into ANYTHING ELSE. And then pumping btc.

no: and then PULL IT, that is try to crash them all at once. Imagine the bad publicity for crypto by what might happen with ETH.

ETH?  What? 

Ephesians 6:12 my friend.

For we do not wrestle against flesh and blood, but against the rulers, against the authorities, against the cosmic powers over this present darkness, against the spiritual forces of evil in the heavenly places.

not to mention that shitcoins are doomed to return to their intrinsic value.

[quarternions]

Ahh cool, well I'm still learning a lot about trading, but I am currently programming a dashboard to simplify some stuff ( auto limit orders, managing funds from customer etc ). Also since this is the speculation forum, what is everyone's thought about tonight, how low will we go. 2k support or back to 1900

Well, currently, we seem  to be about in the middle of a price range of $2300 to $2650.  We are nearly in the middle, and it seems to be a bit less likely that we are going to break downwards out of the range before we break upwards.

And, yeah, if we were to break downwards, then there would be pretty decent odds of going below $2k and $1800 would be fairly reasonable.. on the other hand, like I said, breaking up seems to bit more of a better bet - at least at the moment... and if we break above $2650 then likely we will be on our way to testing $3k.

I would not rule out consolidating for 1-2 weeks either, which may cause some boredom and maybe that is slightly less odds of going up would be to go sideways within the previously described price range.

Oh yeah sorry I was talking about euro's we are currently already below 2.2k. I sure don't hope for the consolidation, first "investor" is giving me some of his money to trade with (and I take a percentage). I tried some altcoins instead of BTC and some made a nice profit which was fairly predictable due to whales, but it also made it hard since they could suddenly cash out and leave. Helped me learn the hard way to setup stop loss and trailing stop limits.

[STT]

Ahh cool, well I'm still learning a lot about trading, but I am currently programming a dashboard to simplify some stuff ( auto limit orders, managing funds from customer etc ). Also since this is the speculation forum, what is everyone's thought about tonight, how low will we go. 2k support or back to 1900

Dont fight the trend, why so serious.   Advice Im given is you dont presume down when overall the trend has been upwards and that is true of bitcoin.  So Im not looking for a reset.

On kraken we have slipped out of its positive trend that was formed after the bigger pullback.  I wasnt sure that was going to matter but its eventually turned over like we see now.
however we measure in equal proportions and that simple trend was 31 hours old on break, its not a big deal now that it did not hold.  In fact we went upwards at a slower pace anyway, now we come back to a rough 2169-2225 area which is just a circle more then any loss.   See how this area reacts for a check on if we negative etc.  My take is neutral on that

I drew $2488 as a resistance line. 2350 possible old positive trend.  Do we wait till those two cross, end June I would guess we are not that well balanced and calm.  Huobi doesnt have trend short term but its also sideways

[mymenace]

If you think you missed the boat take this one fact away.

The finance industry and others are moving to a blockchain, it has not yet been adopted in full or implemented.

Where will the price be in 5 years?

Where will the price be when full adoption has occurred?

Crypto is just a blip at the moment.

HOLDL