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

[Toxic2040]

Most of you probably seen this when it was published but if you have not I would encourage checking out this article by Jimmy Song.  Who has a great ability imo to express critical thinking in ways that are easy to understand and digest.

https://medium.com/@jimmysong/why-bitcoin-is-different-e17b813fd947

15 minute candle

5 minute is quite nice to gaze upon as well.

Looking at the accumulation between the last large candle and this one, should give one a good idea of what could happen as the week progresses.

In the time typing this up it looks like bitcoin is finding another gear. We are really close to what I would consider the confirmation of the bottom of this downtrend being found. The number I randomly have assigned is $7,333.18. Once passed this I feel a new support resistance zone could start establishing itself in the $7.5k to $7.8k range.

#btfd #dyor

[Searing]

Just saw the price go up...270 bucks or some such on BTC...did a 'double take'

my first thought was "It's a trap!"

my 2nd thought was "BTC still loves me long time"

conflicted

[JayJuanGee]

Most of you probably seen this when it was published but if you have not I would encourage checking out this article by Jimmy Song.  Who has a great ability imo to express critical thinking in ways that are easy to understand and digest.

https://medium.com/@jimmysong/why-bitcoin-is-different-e17b813fd947

How would we have seen the article when it just came out today    ?  

It's a nice read.. thanks for posting it. 

[TERA2]

[HairyMaclairy]

There goes one of my stop buys....

[RoomBot]

Those aren't orphans, exactly.

They're all of Trump's unclaimed bastards.

[JayJuanGee]

There goes one of my stop buys....

It seems a bit ironic that we both make money with strategies that sometimes seem to be opposing - because my sell orders are triggering... hahahahahahaha

[HairyMaclairy]

Different approaches.  I try to sell some on the way down and rebuy on the way back up (lower than what I sold it for).

[JayJuanGee]

Different approaches.  I try to sell some on the way down and rebuy on the way back up (lower than what I sold it for).

I am too scaredy cat for that style... 

[hisslyness]

Different approaches.  I try to sell some on the way down and rebuy on the way back up (lower than what I sold it for).

What sort of QTY are you dealing with? Less than 1BTC or More than 1BTC?

[JayJuanGee]

Different approaches.  I try to sell some on the way down and rebuy on the way back up (lower than what I sold it for).

What sort of QTY are you dealing with? Less than 1BTC or More than 1BTC?

There's a first rule of bitcoin, which is to talk about bitcoin, but don't talk about your qty of bitcoin.  

Didn't you know that?

[hisslyness]

Different approaches.  I try to sell some on the way down and rebuy on the way back up (lower than what I sold it for).

What sort of QTY are you dealing with? Less than 1BTC or More than 1BTC?

There's a first rule of bitcoin, which is to talk about bitcoin, but don't talk about your qty of bitcoin.  

Didn't you know that?

Sorry i didn't know that... I was just wondering how much BTC or $$$ some people here are dealing with...

[serveria.com]

Nice green dildo up fat bear ass 

[HairyMaclairy]

Different approaches.  I try to sell some on the way down and rebuy on the way back up (lower than what I sold it for).

I am too scaredy cat for that style...  

It’s a recipe for regularly losing small amounts of money with a goal of occasionally earning large amounts.  The trick, as always, is guessing when to sell so you can quickly move your stops down.  Buying is easy as the market normally takes out my stops.  

[hisslyness]

Different approaches.  I try to sell some on the way down and rebuy on the way back up (lower than what I sold it for).

I am too scaredy cat for that style...  

It’s a recipe for regularly losing small amounts of money with a goal of occasionally earning large amounts.  The trick, as always, is guessing when to sell so you can quickly move your stops down.  Buying is easy as the market normally takes out my stops.  

Always bad timing for me!.. Then FOMO kicks in!..

[bakasabo]

10,000 BTC were moved from Nobuaki Kobayashi (MtGox) wallet. I suppose this action is responsible for today green market.
https://blockchain.info/address/16rCmCmbuWDhPjWTrpQGaU3EPdZF7MTdUk

Stay focused and do not get caught. Todays growth can not be counted for 100% as a market recovery.

[JayJuanGee]

Different approaches.  I try to sell some on the way down and rebuy on the way back up (lower than what I sold it for).

What sort of QTY are you dealing with? Less than 1BTC or More than 1BTC?

There's a first rule of bitcoin, which is to talk about bitcoin, but don't talk about your qty of bitcoin.  

Didn't you know that?

Sorry i didn't know that... I was just wondering how much BTC or $$$ some people here are dealing with...

From time to time, some guys (and gal) do slip up and they will reveal more specifics about their qty of BTC, yet frequently guys and gal here in this thread, talk in terms of percent or in terms of vague concepts of how far the BTC price might move in one direction or another before they make their next buy/sell move and sometimes guys (and gal) will disclose how much of their BTC holdings they are trading versus keeping in cold storage.

Frequently, you can still say quite a lot about what you are doing, and what is your trading, holding or whatever BTC plan without giving away too much personal information. 

I frequently criticize guys and gal who seem to employ too much of a gambling strategy with their BTC that is not very well thought through.. like for example when someone might go 100% in one direction or another.  I think that there are ways of going BIG (such as maybe even up to 95% or something like that) and still hold some reserve in case you are wrong. 

I also am not comfortable with margin or leverage, and I also sometimes think that any trader may open himself (herself) up to manipulation when employing those kinds of leverage/margin tools, but I think that a few guys and gal here have decently disclosed some abilities to make profits, even using leverage/margin tools.

 Sure some braggadocio might become a bit too much from time to time in terms of abilities to predict BTC price direction or even profit levels that might cause some to wonder whether the poster is posting honestly... or even if such bragging is necessary or helpful to anyone besides the ego or the trolling of the poster.

Sometimes in this thread some folks will also attempt to trick peeps into providing more information about their qty of btc, by having them tell us one piece of information at a time, and sometimes after a while in reading posts you can come to decent estimations regarding how much BTC, dollars or other coins some posters might be working with.. even though the first rule of fight club (bitcoin) still tends to be relatively widely understood.   

[arklan]

Where are all the GENTS/SIR’S/BOSSES off the merit sources to help out the little man, in This context like me 

One simple rule. Make me laugh, get a merit. It's automatic.

*ahem*

two fish are sitting in a tank. one turns to the other and says, "Man, i have no idea how to drive this thing."

How do we know that you are the real arkian?  The latest posts from you (before your posting hiatus) were related to your getting some of your accounts hacked into, so what happened to all of that?  Did your BTC talk account get hacked into, too, and then you are not the real deal?  Did you lose any BTC during the hacking attempts?  what was your reason for your hiatus?  was it because of the hackings or something else?

first, arklan. L.

the hacking didn't access my account here. yes, i lost some BTC, .001 mined at slush pool, which they had changed the payout address. other then that, they tried something with my phone, but i reverted that before any damage. a guy was private messaging me about a similar hack attempt happening to him at the same time, (back around thanksgiving i think this was, when the hack actually occured.)  the hiatus... if you look at my posting history, it's not uncommon for me to poof for a few weeks or whatever. totally unrelated to any of the hacking. i get absorbed in other things, or busy at work, whatever. then don't check the forum for a couple days, then end up with a stack of notifications about replies to threads i'm watching, then put off checking it... and put it off, and off, and off...

also, if you really wanted, there should be a picture of me, real world, here somewhere. from when i ran the group buy of the first asic usb sticks from friedcat back in 2013 or whatever it was. i could, if someone felt it needed, take a recent pic of myself. a comparison of the two would be rather definitive.

but since i'm not attempting any business or asking for money or whatever, what's the point?

i don't even know what this merit stuff is, honestly. someone said "make me laugh" so i told the lamest joke i have memorized.

[JayJuanGee]

Where are all the GENTS/SIR’S/BOSSES off the merit sources to help out the little man, in This context like me  

One simple rule. Make me laugh, get a merit. It's automatic.

*ahem*

two fish are sitting in a tank. one turns to the other and says, "Man, i have no idea how to drive this thing."

How do we know that you are the real arkian?  The latest posts from you (before your posting hiatus) were related to your getting some of your accounts hacked into, so what happened to all of that?  Did your BTC talk account get hacked into, too, and then you are not the real deal?  Did you lose any BTC during the hacking attempts?  what was your reason for your hiatus?  was it because of the hackings or something else?

first, arklan. L.

the hacking didn't access my account here. yes, i lost some BTC, .001 mined at slush pool, which they had changed the payout address. other then that, they tried something with my phone, but i reverted that before any damage. a guy was private messaging me about a similar hack attempt happening to him at the same time, (back around thanksgiving i think this was, when the hack actually occured.)  the hiatus... if you look at my posting history, it's not uncommon for me to poof for a few weeks or whatever. totally unrelated to any of the hacking. i get absorbed in other things, or busy at work, whatever. then don't check the forum for a couple days, then end up with a stack of notifications about replies to threads i'm watching, then put off checking it... and put it off, and off, and off...

also, if you really wanted, there should be a picture of me, real world, here somewhere. from when i ran the group buy of the first asic usb sticks from friedcat back in 2013 or whatever it was. i could, if someone felt it needed, take a recent pic of myself. a comparison of the two would be rather definitive.

but since i'm not attempting any business or asking for money or whatever, what's the point?

i don't even know what this merit stuff is, honestly. someone said "make me laugh" so i told the lamest joke i have memorized.

Fair enough.

Your writing style does seem to be similar, and you are correct that there would not be any major point in proving that you are the one and only arkian... original.. classic... etc.

Merit has gotten quite a bit of discussion recently.. but a decent starting point to get a quick overview of it would be to look at theymos's merit introduction thread.  

I gave you 1 merit, and I would have given you 2, but I wanted to punish you for abandoning us in the last few months.    

[Rosewater Foundation]

Different approaches.  I try to sell some on the way down and rebuy on the way back up (lower than what I sold it for).

What sort of QTY are you dealing with? Less than 1BTC or More than 1BTC?

There's a first rule of bitcoin, which is to talk about bitcoin, but don't talk about your qty of bitcoin.  

Didn't you know that?

Sorry i didn't know that... I was just wondering how much BTC or $$$ some people here are dealing with...

I think you'll find most wall observers have somewhere in the neighbourhood of about 3000 coins each. Collectively we could bring this entire market to it's knees. Be afraid.