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

[bitserve]

Credit where is due, there are people that are way more Bitcoin nuts than us

[1576237751]

1576237751

[bitserve]

Guys, look at the graphs... I have the feeling that something is about to happen.

I do also, probably heading to my vote in the poll. Probably just a pie-in-the-sky feeling though, since the three day chart still looking bleak.

You know I don't know much about TA. But shorts can't "hodl" too long current pressure. If price keeps hodling at $3500 they will have to give up very soon.

[BTCMILLIONAIRE]

Sure seems so. 3600~3800 or back down today?

If we go sideways for a long time you'll have your ranges, just possibly not with brutal volatility.

And yeah, trading right now is quite rough. Whenever I stick to my quantitative strategy to the tee it works out smooth. But once I feel like I know what'll happen next and open some smaller trades there I get fucked more often than not; maybe I should just do the opposite whenever I have an urge to try a riskier move - self-contrarian trading so to speak haha.

Either way, just shows how important it is not to bet on one strategy when trading.

"quantitative strategy to the tee" what does that mean?

Figure out different potential scenarios and balance a strategy around all of them simultaneously in proportions that would let me sleep well regardless of what happens. Then let it ride out while refusing to succumb to impulses to re-adjust cause of "omg rally" or "omg dump".

Basically, figure out some prices that you could see happening, then set up individual trades that would profit/lose within a range that you like and then adjust the sum of the events in a way that stays within a band that you're happy with. If done right you're prepared for all eventualities. Basically just very thorough risk management.

Edit: Same shit as balancing a portfolio of stocks and other crap. Just with Bitcoin price targets being the "stocks".

[Icygreen]

I have returned from dinner and the party starts again.
I lack time to follow the pages of WO, very, very, fast

My wife is worried, she says I've been very strange for four days.

(4 / december first time in WO, lol)

nobody fucking cares , did we ask for your life story

who's "we" asshole

Mmmm nobody asks me neither ..... but gonna tell it anyway dumbf***

*headache* ....... late morning...... going for sober man’s breakfast, @goldkingcoiner, yeah outdoors, to f***ed up to put something together myself

Gonna glimps to the price now, ah ok = weeeEeEEEe

I do not understand anything, I just made a real comment about my wife, she made me laugh and I published it.
Then I got these pretty negative comments towards me. > https://bitcointalk.org/index.php?topic=178336.msg48542439#msg48542439
I think it's better to leave the WO.
I thank the rest of the members for the answers and their support of these days with all my questions.

Greetings to all.

Wouldn't take anything here personally unless you're JJG or Bob. Haha, but seriously.... The wall observer, like bitcoin can call for thick skin at times.

[BinaryReign]

Good morning from my hotel suite somewhat near my destination. Got about 4 more hours to drive and I’ll be relaxing in style.

It was nice to wake up and see BTC up about 5% (according to the coinbase app). That wasn’t expected, but my inner bull is still hesitant. Maybe even jaded after this year lol

I’ll check back with you all after I check-in, since driving while forum posting is not something I want to try to do

[yefi]

this market right now feels a lot more like the the 2011/12 bear than the 2014/15 bear, more vicious, organic, dog-eat-dog and less managed/contrived/orchestrated/manipulated.

In 2011/12 all the stolen Gox coins were being dumped, effectively increasing supply as they were being accounted for twice.

[LFC_Bitcoin]

Good morning from my hotel suite somewhat near my destination. Got about 4 more hours to drive and I’ll be relaxing in style.

It was nice to wake up and see BTC up about 5% (according to the coinbase app). That wasn’t expected, but my inner bull is still hesitant. Maybe even jaded after this year lol

I’ll check back with you all after I check-in, since driving while forum posting is not something I want to try to do

Safe journey brother!
Nothing to worry about bitcoin price related. We chill, relax, HODL & quietly accumulate whilst the price is still low.

I’ve gone past the stage of being worried now. This is an opportunity to add to your stashes.

[d_eddie]

Sure seems so. 3600~3800 or back down today?

If we go sideways for a long time you'll have your ranges, just possibly not with brutal volatility.

And yeah, trading right now is quite rough. Whenever I stick to my quantitative strategy to the tee it works out smooth. But once I feel like I know what'll happen next and open some smaller trades there I get fucked more often than not; maybe I should just do the opposite whenever I have an urge to try a riskier move - self-contrarian trading so to speak haha.

Either way, just shows how important it is not to bet on one strategy when trading.

"quantitative strategy to the tee" what does that mean?

Figure out different potential scenarios and balance a strategy around all of them simultaneously in proportions that would let me sleep well regardless of what happens. Then let it ride out while refusing to succumb to impulses to re-adjust cause of "omg rally" or "omg dump".

Basically, figure out some prices that you could see happening, then set up individual trades that would profit/lose within a range that you like and then adjust the sum of the events in a way that stays within a band that you're happy with. If done right you're prepared for all eventualities. Basically just very thorough risk management.

Edit: Same shit as balancing a portfolio of stocks and other crap. Just with Bitcoin price targets being the "stocks".

This could be a good summary of my own experience, too. Figure out in advance, place your chips carefully and don't steer continuously or you'll get at least slightly fucked.

[d_eddie]

By the way, I don't believe the current market move in the slightest. No moon yet, gentlemen. Relax. This is just a longer, slower short squeeze along the way to the final, brutal crevice.

Accordingly - my money where my mouth is - I've closed my short with a small-mid profit (take profit limit just under my entry) and reopened it a bit higher. It's smaller, too, but I'm afraid to make it grow too quickly. An incremental ladder à la (reverse) JJG/JB is better in my experience.

To fellow tactical shorters (I'm thinking HM and others) - LDOH! (that's hodl in reverse).

[lightfoot]

Bitcoin needs to get above 10k fast. Irobot has a new model that empties its own bin, and I'm thinking "Man that can make me even MORE of a degenerate pig".....

[DeathAngel]

Bitcoin needs to get above 10k fast. Irobot has a new model that empties its own bin, and I'm thinking "Man that can make me even MORE of a degenerate pig".....

Oh hell yeah, I could do with one of those myself. Hurry the fuck up BTC , some of us have needs!

[PoolMinor]

Bitcoin needs to get above 10k fast. Irobot has a new model that empties its own bin, and I'm thinking "Man that can make me even MORE of a degenerate pig".....

Oh hell yeah, I could do with one of those myself. Hurry the fuck up BTC , some of us have needs!

As if any of you Hodlers will sell any when we see $10K. Hodlers don't know how to sell.

[P_Shep]

Bitcoin needs to get above 10k fast. Irobot has a new model that empties its own bin, and I'm thinking "Man that can make me even MORE of a degenerate pig".....

Oh hell yeah, I could do with one of those myself. Hurry the fuck up BTC , some of us have needs!

As if any of you Hodlers will sell any when we see $10K. Hodlers don't know how to sell.

I SODL'd once. Felt dirty 

[bitserve]

Almost there

[DeathAngel]

As if any of you Hodlers will sell any when we see $10K. Hodlers don't know how to sell.

True tbf

[micgoossens]

Bitcoin needs to get above 10k fast. Irobot has a new model that empties its own bin, and I'm thinking "Man that can make me even MORE of a degenerate pig".....

Oh hell yeah, I could do with one of those myself. Hurry the fuck up BTC , some of us have needs!

As if any of you Hodlers will sell any when we see $10K. Hodlers don't know how to sell.

Amen

[d_eddie]

Almost there

Just for the lulz, where would you place the local top?
Hairy?
I'd say shy of 3.6k or just over 4k, but it's totally SOMA.

[Phil_S]

Moon news:

https://phys.org/news/2018-12-china-rover-side-moon.html

China launches rover for first far side of the moon landing

China launched a rover early Saturday destined to land on the far side of the moon, a global first that would boost Beijing's ambitions to become a space superpower, state media said.

The Chang'e-4 lunar probe mission—named after the moon goddess in Chinese mythology—launched on a Long March 3B rocket from the southwestern Xichang launch centre at 2:23 am (1823 GMT), according to the official Xinhua news agency.

The blast-off marked the start of a long journey to the far side of the moon for the Chang'e-4 mission, expected to land around the New Year to carry out experiments and survey the untrodden terrain.

The experiments also involve planting potato and other seeds, according to Chinese media reports.

[rolling]

Bitcoin needs to get above 10k fast. Irobot has a new model that empties its own bin, and I'm thinking "Man that can make me even MORE of a degenerate pig".....

Oh hell yeah, I could do with one of those myself. Hurry the fuck up BTC , some of us have needs!

As if any of you Hodlers will sell any when we see $10K. Hodlers don't know how to sell.

Today's idiot is tomorrow's genius

[Torque]

OT: I lol'ed
 
 https://www.youtube.com/watch?v=a2GVxYfKSxA

 That is hilarious.
 
 You can't
    Sneak up on Zuck,
      I don't even fuckin blink!
  

Your platform only launches depression
Who put the elf with no friends in charge of human connection?
Hey
You claim to be some kind of saint
But you ain't
Why don't you lean in
and FaceMash
my musky Dutch taint