Bitcoin Forum
April 19, 2024, 12:35:29 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

Pages: « 1 ... 21049 21050 21051 21052 21053 21054 21055 21056 21057 21058 21059 21060 21061 21062 21063 21064 21065 21066 21067 21068 21069 21070 21071 21072 21073 21074 21075 21076 21077 21078 21079 21080 21081 21082 21083 21084 21085 21086 21087 21088 21089 21090 21091 21092 21093 21094 21095 21096 21097 21098 [21099] 21100 21101 21102 21103 21104 21105 21106 21107 21108 21109 21110 21111 21112 21113 21114 21115 21116 21117 21118 21119 21120 21121 21122 21123 21124 21125 21126 21127 21128 21129 21130 21131 21132 21133 21134 21135 21136 21137 21138 21139 21140 21141 21142 21143 21144 21145 21146 21147 21148 21149 ... 33276 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26363847 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
dakiller322
Newbie
*
Offline Offline

Activity: 20
Merit: 12


View Profile
September 17, 2018, 05:45:32 AM
Merited by Hueristic (5), vapourminer (1), infofront (1)

Wife knows all about what I got and is cool and calm about it all and trusts me to sell when it is the right time to.

We have plans to build a new house. We bought the land back in December last year, sold enough BTC to pay for the land deposit and architect fees then, pretty much a day before the peak. It has been a long drawn out process getting planning sorted, the plans are not quite finalised yet still.

What I have in BTC is enough to build half the planned house, and so we sit and wait for it to come back up before we start building.

We currently own our current house with only a small mortgage left on it as well, so we aren't wasting rent money waiting here. Just with a toddler and a baby now, the current house is getting a bit cramped.

New house is going to be in the order of 10,000 sqft all up on a 5 acre plot. Grin
1713486929
Hero Member
*
Offline Offline

Posts: 1713486929

View Profile Personal Message (Offline)

Ignore
1713486929
Reply with quote  #2

1713486929
Report to moderator
1713486929
Hero Member
*
Offline Offline

Posts: 1713486929

View Profile Personal Message (Offline)

Ignore
1713486929
Reply with quote  #2

1713486929
Report to moderator
You can see the statistics of your reports to moderators on the "Report to moderator" pages.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1713486929
Hero Member
*
Offline Offline

Posts: 1713486929

View Profile Personal Message (Offline)

Ignore
1713486929
Reply with quote  #2

1713486929
Report to moderator
1713486929
Hero Member
*
Offline Offline

Posts: 1713486929

View Profile Personal Message (Offline)

Ignore
1713486929
Reply with quote  #2

1713486929
Report to moderator
1713486929
Hero Member
*
Offline Offline

Posts: 1713486929

View Profile Personal Message (Offline)

Ignore
1713486929
Reply with quote  #2

1713486929
Report to moderator
serveria.com
Legendary
*
Offline Offline

Activity: 2212
Merit: 1172


Privacy Servers. Since 2009.


View Profile WWW
September 17, 2018, 05:54:27 AM
Merited by Hueristic (2)

4 hour chart looks ugly. Signaling a dump.

  • painfully low volume indicating a lack of enthusiasm at current prices
  • pair of dojis at the top signaling price reversals
  • overall short term price down trend



I doubt it there's going to be any major dump anytime soon.

1. Average Joes have sold BTC long ago (back in March-June)
2. The whales are not selling as they have bought from Average Joes all the way down. In fact they're waiting for an opportunity to pump
3. Miners/Jihan etc can't dump more they've already been dumping on a regular basis

So who can dump?

The only risk I see is the same old MtGox/Silk Road/Satoshi  Grin etc cashing out. But why would they sell the whole stash in one go?  

P.S. Forgot the good old FUD: US bans BTC or similar  Grin
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
September 17, 2018, 06:28:36 AM

For what it’s worth, we are now down $54 from my original call.  Chart continues to look like something the cat dragged in.



JayJuanGee
Legendary
*
Online Online

Activity: 3696
Merit: 10130


Self-Custody is a right. Say no to"Non-custodial"


View Profile
September 17, 2018, 06:34:39 AM
Merited by Hueristic (2), infofront (1), Majormax (1)


Largely, I agree that currently we are not in a crypto winter.

Is that because things don't look gloomy enough ? (yet)  .. or because it won't happen ?

By now, Majormax, you should know me well enough to realize that I don't really make predictions, but instead I get pleasure out of criticizing the predictions of others, especially when they start to get into language or math (or technical analysis) that seem to be demonstrating that they know what the fuck is going to happen - if they are expressing anything greater than 75% likely (or 25 % unlikely, in the inverse) then I might become inspired to be on it like a fly on shit.

In other words, I don't know, what is going to happen, but I surely don't think that the 2014 case is playing out yet, and there are still decent odds that we are in an early 2013 scenario rather than in a late 2013 scenario.

These so far unsuccessful about 5 attempts to break below $6k don't necessarily play well for the bear case, but they do not come anywhere close to guaranteeing a bullish scenario either, because for me to feel comfortable and out of the woods, then BTC price is going to have to return comfortably into the area in which it is testing $10k resistance and even perhaps breaking through such resistance - even if such breaking through is NOT sustained, I might become a bit more comfortable that the bottom is already in, and that our current crypto winter (baby winter) is NOT going to be as bad as the 2014-2015 crypto winter (arguably dragging into 2016).


How long at these levels or lower, before the CryptoWinter definition is met ?

I understand that some of these low prices that are NOT really breaking free of $6k for more than 7 months is NOT really comfortable for some HODLers and some who accumulated their BTC in the $10k plus prices, but still our current prices have so far not gotten close to the previous ATH (around $1,163) nor even close to sub $3k which a lot of bearish technical analysis bitcoin skeptics are proclaiming to be necessary levels of pain (blood in the streets).

I am not trying to be pessimistic here, because it is important to be open to all possibilities.

Maybe you could say that, by the time the Crypto Winter is easily visible, we will have been in it long enough for it to be over !

I believe that part of my criticism of you earlier had been that I thought that you were painting the bear scenario and the crypto winter as a kind of inevitability, and you started with some of those proclamations in the January time frame, even though personally, I though that those kinds of views were too pessimistic and also too much closing off that the blow off top had not yet happened (and we were merely in an extended BTC price correction). 

Surely, a lot of what you predicted has already come true, even though, so far, it has not reached as dire of levels as you seemed to had been anticipating, and actually, it seems to me that you make a very good point to assert that we might not know what is(was) the crypto winter until either we are "in it" for a long time, or we are coming out of it or that we are sufficiently out of it to be able to assess its parameters in hindsight.
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
September 17, 2018, 06:57:55 AM
Merited by Hueristic (1)

She got a sister? Cheesy

JayJuanGee
Legendary
*
Online Online

Activity: 3696
Merit: 10130


Self-Custody is a right. Say no to"Non-custodial"


View Profile
September 17, 2018, 07:04:00 AM

Welp at the current price of $6495 we are down $18 since that previous chart.  So yeah.  
I am sort of using WO to keep myself honest with my price predictions and see how I track.  I would welcome contrary views.  I miss Tera he taught me a lot.

<——————— should give you an indication as to whether you should trade based on my charting



Citing Tera as your source of authority is not likely to win you many WO thread friends.    Tongue Tongue
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
September 17, 2018, 07:25:15 AM

Would you prefer Proudhon?
Majormax
Legendary
*
Offline Offline

Activity: 2534
Merit: 1129


View Profile WWW
September 17, 2018, 08:20:20 AM




These so far unsuccessful about 5 attempts to break below $6k don't necessarily play well for the bear case, but they do not come anywhere close to guaranteeing a bullish scenario either, because for me to feel comfortable and out of the woods, then BTC price is going to have to return comfortably into the area in which it is testing $10k resistance and even perhaps breaking through such resistance - even if such breaking through is NOT sustained, I might become a bit more comfortable that the bottom is already in, and that our current crypto winter (baby winter) is NOT going to be as bad as the 2014-2015 crypto winter (arguably dragging into 2016).




I like your analysis generally. 

Most posters, as you point out, come out with proclamations based on either nothing, or misread/false facts.

Given that nobody has a crystal ball, it takes a bit of skill and experience to express a cogent scenario. Making cases for alternative price moves is nearly always the best way.


'Baby Winter'  :  could be possible, and it helps the case for the bottom being already in. If its a full Winter, then a bottom in the 2-3k range is more possible. I hate the idea of that, but the market often makes us take the worst tasting medicine.

Whichever way, it will be a long climb out, and patience is needed.
toknormal
Legendary
*
Offline Offline

Activity: 3066
Merit: 1188


View Profile
September 17, 2018, 08:24:25 AM


So what happens now ?


Totscha
Hero Member
*****
Offline Offline

Activity: 1276
Merit: 622



View Profile
September 17, 2018, 08:26:39 AM


So what happens now ?




Now we fall... Wink
Yaplatu
Hero Member
*****
Offline Offline

Activity: 1344
Merit: 500


28K=Buy | Wallet=100% BTC


View Profile
September 17, 2018, 08:38:20 AM

It's complicated ... we need new bulls to return bullish  Angry   HOLD FOREVER  Grin
Totscha
Hero Member
*****
Offline Offline

Activity: 1276
Merit: 622



View Profile
September 17, 2018, 08:51:43 AM

It's complicated ... we need new bulls to return bullish  Angry   HOLD FOREVER  Grin

You spelled n00bs wrong  Wink
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
September 17, 2018, 08:56:27 AM

Now we fall... Wink

More likely we just keep breaking sideways until we achieve a trigger.

It's complicated ... we need new bulls to return bullish  Angry   HOLD FOREVER  Grin

You spelled n00bs wrong  Wink

You sound like someone who sold the top of the market at $3k.  
El duderino_
Legendary
*
Offline Offline

Activity: 2492
Merit: 11960


BTC + Crossfit, living life.


View Profile
September 17, 2018, 08:58:34 AM
Merited by infofront (1)

@infofront



you just simply do NOT let one hanging on the NR of the beast  Shocked    
El duderino_
Legendary
*
Offline Offline

Activity: 2492
Merit: 11960


BTC + Crossfit, living life.


View Profile
September 17, 2018, 09:06:31 AM

serveria.com
Legendary
*
Offline Offline

Activity: 2212
Merit: 1172


Privacy Servers. Since 2009.


View Profile WWW
September 17, 2018, 09:09:03 AM


It means he's a nocoiner or panic-sold low or a paid bear shill  Grin
Totscha
Hero Member
*****
Offline Offline

Activity: 1276
Merit: 622



View Profile
September 17, 2018, 09:18:54 AM
Merited by HairyMaclairy (1)

Now we fall... Wink

More likely we just keep breaking sideways until we achieve a trigger.

It's complicated ... we need new bulls to return bullish  Angry   HOLD FOREVER  Grin

You spelled n00bs wrong  Wink

You sound like someone who sold the top of the market at $3k.  

1. Feels like it's 50/50 for sideways/down.

2. Nope, I did sell some. But it was all at $10k+.



It means he's a nocoiner or panic-sold low or a paid bear shill  Grin

I'm such a dumbass. I've been doing it for free...
ivomm
Legendary
*
Offline Offline

Activity: 1849
Merit: 2819


All good things to those who wait


View Profile
September 17, 2018, 09:54:04 AM
Merited by Hueristic (1)

Or just a bear trap. This is a classical falling wedge pattern btw.  
https://en.wikipedia.org/wiki/Wedge_pattern
"When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making. "
Since the creation of Bitcoin we are in an uptrend, so its resumption is in the making.
I expect a strong breakout soon. Moreover, any moment CFTC will approve ICE futures (the so called bakkt) which is with an actual buying of bitcoins. So we may see above 10K sooner than expected!
Totscha
Hero Member
*****
Offline Offline

Activity: 1276
Merit: 622



View Profile
September 17, 2018, 10:05:46 AM

Or just a bear trap. This is a classical falling wedge pattern btw.  
https://en.wikipedia.org/wiki/Wedge_pattern
"When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making. "
Since the creation of Bitcoin we are in an uptrend, so its resumption is in the making.
I expect a strong breakout soon. Moreover, any moment CFTC will approve ICE futures (the so called bakkt) which is with an actual buying of bitcoins. So we may see above 10K sooner than expected!

If we break out to $10k+ very soon, we're probably not going to hold that price point for long. It would most likely lead to lower lows (sub $5k).

I'd much prefer we go sideways for a while.
marcus_of_augustus
Legendary
*
Offline Offline

Activity: 3920
Merit: 2348


Eadem mutata resurgo


View Profile
September 17, 2018, 10:06:08 AM
Merited by infofront (1)


So what happens now ?




... bitcoiners accumulate, everyone else wets their pants.
Pages: « 1 ... 21049 21050 21051 21052 21053 21054 21055 21056 21057 21058 21059 21060 21061 21062 21063 21064 21065 21066 21067 21068 21069 21070 21071 21072 21073 21074 21075 21076 21077 21078 21079 21080 21081 21082 21083 21084 21085 21086 21087 21088 21089 21090 21091 21092 21093 21094 21095 21096 21097 21098 [21099] 21100 21101 21102 21103 21104 21105 21106 21107 21108 21109 21110 21111 21112 21113 21114 21115 21116 21117 21118 21119 21120 21121 21122 21123 21124 21125 21126 21127 21128 21129 21130 21131 21132 21133 21134 21135 21136 21137 21138 21139 21140 21141 21142 21143 21144 21145 21146 21147 21148 21149 ... 33276 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!