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

[RayX12]

https://www.zerohedge.com/news/2018-05-24/doj-launches-criminal-probe-bitcoin-market-manipulation

I quote: "Studies have shown that 1,000 people own 40% of the bitcoin market."
They can probably state the same about most stocks.

Unfortunately most of them are self serving dickheads (McAfee - Roger Ver) and bearwhales (Nobuaki Kobayashi) like in the stock market.  

[dmwardjr]

Wyckoff Accumulation Schematic - Chart pasted again in comments in the following link with additional details, explanations and indicators:  

https://www.tradingview.com/chart/BTCUSD/P07Gk3YT-Wyckoff-Accumulation-Schematic-Chart-pasted-again-in-comments/

The following link is an image to provide an example of one type of Wyckoff Accumulation Schematic #1: https://i.imgur.com/gcrmXTd.png

It appears I was correct in a BTCUSD idea published on February 18, 2018 when I said, we dropped from ATH (All Time High) approximately 70%. It was my opinion <at the time> this required us to begin an Accumulation Schematic again. In another idea I published on March 11, 2018 I made the error of using the 360 minute (6h) Time Frame to draw conclusions on the "location" of events within the Schematic. As I've mentioned before, we should "generally" use high Time Frames (4-Day or higher) when applying Wyckoff rules and schematics to determine the long term Technical Analysis of a pair. I failed to exercise my very opinion recommended to others in previous publications. It's quite obvious, in my opinion, we are in an Accumulation Schematic. Apologies for not sticking with previous logic of accumulation after a 70% drop from All Time High.

When transitioning from one Schematic to another after a major event, it can be difficult at times to determine "where" we may be within a new schematic and whether it will be accumulation or distribution. We have learned from experience here that a 70% drop from All Time High definitely justified beginning a Wyckoff Accumulation Schematic. We would simply be challenged with the task to determine where Preliminary Support will be within that Accumulation Schematic to determine where an Automatic Rally should peak <approximately> near Preliminary Support level . In fact, the PEAK of the Automatic Rally in Phase A "confirms" our location for Preliminary Support as identified on the chart above.

We are currently in Phase B and heading down towards the bottom of the Trading Range between $5,920 and $11,780. I'm expecting us to fall just below the bottom of the trading range at $5,920 to approximately $5,366; where we will "potentially" begin a Wyckoff SPRING and mark the end of this bear trend.

It is said, "Phase B serves the function of “building a cause” for a new uptrend (See Wyckoff Law #2 – “Cause and Effect”). In phase B, institutions and large professional interests are accumulating relatively low-priced inventory in anticipation of the next markup. The process of institutional accumulation may take a long time (sometimes a year or more), and involves purchasing coins at lower prices and checking advances in price with short sales. There are usually multiple Second Tests during Phase B, as well as upthrust-type actions at the upper end of the Trading Range. Overall, the large interests are net buyers of shares as the Tra evolves, with the goal of acquiring as much of the remaining floating supply as possible. Institutional buying and selling imparts the characteristic up-and-down price action of the trading range.

Early on in Phase B, the price swings tend to be wide, accompanied by high volume . As the professionals absorb the supply. However, the volume on downswings within the Trading Range tends will diminish. When it appears that supply is likely to have been exhausted, the coin is ready for Phase C.

Keep in mind, there is still the "possibility" for a Wyckoff Accumulation Schematic #2 https://i.imgur.com/54FyNdB.png to play out instead of #1. I'm leaning more with Accumulation Schematic #1

Here is a link with further information on the EVENTS TO OCCUR WITHIN THE SCHEMATIC. It was put together well in a short synopsis of Wyckoff Schematics: http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:the_wyckoff_method




Same 4-Day chart but with indicators:

[Torque]

So perhaps banks will get onboard with Bitcoin purely out of necessity

https://coinpedia.org/news/argentinian-bank-bitcoin-cross-border-payment/

[mymenace]

Wyckoff Accumulation Schematic - Chart pasted again in comments in the following link with additional details, explanations and indicators:  

https://www.tradingview.com/chart/BTCUSD/P07Gk3YT-Wyckoff-Accumulation-Schematic-Chart-pasted-again-in-comments/

The following link is an image to provide an example of one type of Wyckoff Accumulation Schematic #1: https://i.imgur.com/gcrmXTd.png

It appears I was correct in a BTCUSD idea published on February 18, 2018 when I said, we dropped from ATH (All Time High) approximately 70%. It was my opinion <at the time> this required us to begin an Accumulation Schematic again. In another idea I published on March 11, 2018 I made the error of using the 360 minute (6h) Time Frame to draw conclusions on the "location" of events within the Schematic. As I've mentioned before, we should "generally" use high Time Frames (4-Day or higher) when applying Wyckoff rules and schematics to determine the long term Technical Analysis of a pair. I failed to exercise my very opinion recommended to others in previous publications. It's quite obvious, in my opinion, we are in an Accumulation Schematic. Apologies for not sticking with previous logic of accumulation after a 70% drop from All Time High.

When transitioning from one Schematic to another after a major event, it can be difficult at times to determine "where" we may be within a new schematic and whether it will be accumulation or distribution. We have learned from experience here that a 70% drop from All Time High definitely justified beginning a Wyckoff Accumulation Schematic. We would simply be challenged with the task to determine where Preliminary Support will be within that Accumulation Schematic to determine where an Automatic Rally should peak <approximately> near Preliminary Support level . In fact, the PEAK of the Automatic Rally in Phase A "confirms" our location for Preliminary Support as identified on the chart above.

We are currently in Phase B and heading down towards the bottom of the Trading Range between $5,920 and $11,780. I'm expecting us to fall just below the bottom of the trading range at $5,920 to approximately $5,366; where we will "potentially" begin a Wyckoff SPRING and mark the end of this bear trend.

It is said, "Phase B serves the function of “building a cause” for a new uptrend (See Wyckoff Law #2 – “Cause and Effect”). In phase B, institutions and large professional interests are accumulating relatively low-priced inventory in anticipation of the next markup. The process of institutional accumulation may take a long time (sometimes a year or more), and involves purchasing coins at lower prices and checking advances in price with short sales. There are usually multiple Second Tests during Phase B, as well as upthrust-type actions at the upper end of the Trading Range. Overall, the large interests are net buyers of shares as the Tra evolves, with the goal of acquiring as much of the remaining floating supply as possible. Institutional buying and selling imparts the characteristic up-and-down price action of the trading range.

Early on in Phase B, the price swings tend to be wide, accompanied by high volume . As the professionals absorb the supply. However, the volume on downswings within the Trading Range tends will diminish. When it appears that supply is likely to have been exhausted, the coin is ready for Phase C.

Keep in mind, there is still the "possibility" for a Wyckoff Accumulation Schematic #2 https://i.imgur.com/54FyNdB.png to play out instead of #1. I'm leaning more with Accumulation Schematic #1

Here is a link with further information on the EVENTS TO OCCUR WITHIN THE SCHEMATIC. It was put together well in a short synopsis of Wyckoff Schematics: http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:the_wyckoff_method




Same 4-Day chart but with indicators:

another way is you can buy the dip at any time in the last 5 months/3years/6years and make profit

and we are still not yet at adoption

[jojo69]

The SEC has the power to assert it's jurisdiction over any global exchange or ICO that accepts US investors.

US slaves (aka US citizens) have to accept US gov jurisdiction over their money but I have the power to reject SEC self-proclaimed power. Actually, any country that has nukes to defend itself has such power.

wow, we have Kim right here in our humble little thread

[Torque]

The SEC has the power to assert it's jurisdiction over any global exchange or ICO that accepts US investors.

US slaves (aka US citizens) have to accept US gov jurisdiction over their money but I have the power to reject SEC self-proclaimed power. Actually, any country that has nukes to defend itself has such power.

wow, we have Kim right here in our humble little thread

Funny watching the MSM bullshit drama between N.K. and U.S. Trump are Kim are both playing the markets like a fiddle with their sabre rattling, on again-off again empty threats. They are probably laughing their asses off. It's all fake FUD drama, has been from day one.

[Paashaas]

One of the better in depth analysis why Ethereum will go down in flames and all the other centralised shitcoins like Bcash.

Long post, take a cup of tea and let's sink it in.

https://medium.com/@StopAndDecrypt/the-ethereum-blockchain-size-has-exceeded-1tb-and-yes-its-an-issue-2b650b5f4f62

[OWZ1337]

COINMARKETCAP UNDER SCRUTINY FOR "TOKENISM"    ===> REFUSES TO UPDATE LEGITIMATE BITCOIN PROJECTS!!!!  ***NEWS @ 11***

[Torque]

Yeah so fake the rockets flying over Japan and the starving North Korean population. Now please inform me how FEMA is building mass graves for the population as well.

I didn't say that N.K. isn't a shithole country and the people aren't suffering. I'm just saying that potential nuclear war with N.K. is never, EVER, going to happen. And both N.K. and U.S. already know that, they've known it for decades. All the drama FUD playing out in the MSM is just for show.

[Dakustaking76]

Is bitcorn dead already?



Can we go up now like crossing $20k and more

Were  going 5 Months down fucking hell...

[infofront]

Wyckoff Accumulation Schematic - Chart pasted again in comments in the following link with additional details, explanations and indicators:  

https://www.tradingview.com/chart/BTCUSD/P07Gk3YT-Wyckoff-Accumulation-Schematic-Chart-pasted-again-in-comments/

So, when moon?

[Jacques_Bittard]

Is it true that bitcoin is failing because it is running out of greater fools?
Like I feared, BTC is ruining it also for more interesting concepts like EOS 

So BTC is ruining EOS? Without BTC EOS would thrive? What drugs do you take?

BTC is ruining everything even old people are beginning to feel that there could be more to crypto then greed and greater fools. Luckily, we still have slow people and people who aren't retarded enough that their intellectual disabilities won't keep them from operating a computer. I hope that they will take on more loans to keep BTC price afloat so that EOS can keep doing it's 2018 thing. *keeps fingers crossed*

[markj113]

BTC is ruining everything even old people are beginning to feel that there could be more to crypto then greed and greater fools. Luckily, we still have slow people and people who aren't retarded enough that their intellectual disabilities won't keep them from operating a computer. I hope that they will take on more loans to keep BTC price afloat so that EOS can keep doing it's 2018 thing. *keeps fingers crossed*

If EOS cant stand on its own feet without bitcoin holding its hand perhaps its just another shitcoin?

[Torque]

If EOS cant stand on its own feet without bitcoin holding its hand perhaps its just another shitcoin?

Perhaps?

[Jacques_Bittard]

BTC is ruining everything even old people are beginning to feel that there could be more to crypto then greed and greater fools. Luckily, we still have slow people and people who aren't retarded enough that their intellectual disabilities won't keep them from operating a computer. I hope that they will take on more loans to keep BTC price afloat so that EOS can keep doing it's 2018 thing. *keeps fingers crossed*

If EOS cant stand on its own feet without bitcoin holding its hand perhaps its just another shitcoin?

Bitcoin is the original shitcoin The whole crypto game is just one big bubble, with very little practical value created and mostly held up by high hopes and ignorance. I didn't get caught in the BS sales pitches with BTC when I played it, and I still don't do it with new alternatives. Just ride the waves of hype and have fun while playing it is my moto. Believing any of this is for people who invest in buying lambos

[Toxic2040]

So, when moon?

July 23rd

Local moon rising over the coming weekend followed by end of the month consolidation.  

[starmman]

So, when moon?

July 23rd

Local moon rising over the coming weekend followed by end of the month consolidation.  

hope so, didn't manage to cash out since February LOL

[Robin,Hood]

COINMARKETCAP UNDER SCRUTINY FOR "TOKENISM"    ===> REFUSES TO UPDATE LEGITIMATE BITCOIN PROJECTS!!!!  ***NEWS @ 11***

Use alternatives here is 10 of them

worldcoinindex

athcoinindex

Onchainfx

Bitinfocharts

Cryptocompare

Coincheckup

Coincodex

Coingecko

Coincap

Coinlib

[markj113]

Bitcoin is the original shitcoin The whole crypto game is just one big bubble, with very little practical value created and mostly held up by high hopes and ignorance. I didn't get caught in the BS sales pitches with BTC when I played it, and I still don't do it with new alternatives. Just ride the waves of hype and have fun while playing it is my moto. Believing any of this is for people who invest in buying lambos

Yep, here's my investment alongside more precious metals than scrooge mcduck

[Jacques_Bittard]

Bitcoin is the original shitcoin The whole crypto game is just one big bubble, with very little practical value created and mostly held up by high hopes and ignorance. I didn't get caught in the BS sales pitches with BTC when I played it, and I still don't do it with new alternatives. Just ride the waves of hype and have fun while playing it is my moto. Believing any of this is for people who invest in buying lambos

Yep, here's my investment alongside more precious metals than scrooge mcduck

I bet you feel proud