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

[HairyMaclairy]

Can anyone explain why the same line drawn on TradingView and Bitcoinwisdom, using the same price inputs, both on logarithmic scale, give quite different outputs?

[Phil_S]

Can you post similar screenshots from both?

[VB1001]

Can anyone explain why the same line drawn on TradingView and Bitcoinwisdom, using the same price inputs, both on logarithmic scale, give quite different outputs?

Maybe when you download the image you have different compression / resolution.

[HairyMaclairy]

Hmmm in this case I actually drew the lines differently.  Nevermind !

[Phil_S]

Speaking of... my favorite 24-hour average and two parallel lines:

[mennguyen]

List of Bitcoin major corrections > 30% (from ATH levels) since January 2012
+---------------+---------------+------------+--------------+-------------+---------+-----------+
| Start Date     | End Date      | Days in     | High Price    | Low Price   |     %     |    $          |         
+---------------+---------------+------------+--------------+-------------+---------+-----------+
| 12 Jan 2012  | 27 Jan 2012  |   16         | $ 7.38         |    $ 3.80   |  49%    | $3.58       |
-------------------------------------------------------------------------------------------------------
|  17 Aug 2012 | 19 Aug 2012 |    3           | $ 16.41       |   $ 7.10    |  57%   | $9.31        |
-------------------------------------------------------------------------------------------------------
|  6 Mar 2013   | 7 Mar 2013   |    2           | $ 49.17       |   $ 33.00  |  33%   | $16.17      |
-------------------------------------------------------------------------------------------------------
|  21 Mar 2013 | 23 Mar 2013 |    3           | $ 76.91        | $ 50.09    |  35%   | $26.82       |
-------------------------------------------------------------------------------------------------------
|  10 Apr 2013 | 12 Apr 2013  |    3           | $ 259.34      | $ 45.00    |  83%   | $214.34     |
-------------------------------------------------------------------------------------------------------       
|  19 Nov 2013 | 19 Nov 2013 |    1           | $ 755.00      | $ 378.00  |  50%   | $377.00     |
-------------------------------------------------------------------------------------------------------   
|  30 Nov 2013 | 14 Jan 2015  |    411       | $ 1,163.00   | $ 152.40  |  87%   | $1,010.60   | 
-------------------------------------------------------------------------------------------------------     
|  10 Mar 2017 | 25 Mar 2017  |    16         | $ 1,350.00  | $ 891.33   |  34%   | $458.67     | 
-------------------------------------------------------------------------------------------------------     
|  25 May 2017 | 27 May 2017 |    3           | $ 2,760.10  | $ 1,850.00 |  33%   | $910.10     | 
-------------------------------------------------------------------------------------------------------       
|  12 Jun 2017  | 16 Jul 2017  |     35         | $ 2,980.00  | $ 1,830.00 |  39%   | $1,150.00  | 
-------------------------------------------------------------------------------------------------------       
|  2 Sep 2017   | 15 Sep 2017 |     14         | $ 4,979.90  | $ 2,972.01 |  40%   | $2,007.89  | 
-------------------------------------------------------------------------------------------------------     
|  8 Nov 2017   | 12 Nov 2017 |     5           | $ 7,888.00  | $ 5,555.55 |  30%   | $2,332.45  |   
-------------------------------------------------------------------------------------------------------     
|  17 Dec 2017 | 2 Feb 2018    |    48          | $ 19,666.00 | $ 8,094.80 |  59%   | $11,571.20 |         
+-------------+--------------+------------+------------+------------+-----------+---------+--------
The first time I post here, look forward to comments from everyone.Thank you everyone for watching!

[Totscha]

Speaking of... my favorite 24-hour average and two parallel lines:

Two random parallel lines? Or is there a reason why certain price extremes were disregarded while others were not?

[acegilz]

a bit outdated umh?

List of Bitcoin major corrections > 30% (from ATH levels) since January 2012
+---------------+---------------+------------+--------------+-------------+---------+-----------+
| Start Date     | End Date      | Days in     | High Price    | Low Price   |     %     |    $          |         
+---------------+---------------+------------+--------------+-------------+---------+-----------+
| 12 Jan 2012  | 27 Jan 2012  |   16         | $ 7.38         |    $ 3.80   |  49%    | $3.58       |
-------------------------------------------------------------------------------------------------------
|  17 Aug 2012 | 19 Aug 2012 |    3           | $ 16.41       |   $ 7.10    |  57%   | $9.31        |
-------------------------------------------------------------------------------------------------------
|  6 Mar 2013   | 7 Mar 2013   |    2           | $ 49.17       |   $ 33.00  |  33%   | $16.17      |
-------------------------------------------------------------------------------------------------------
|  21 Mar 2013 | 23 Mar 2013 |    3           | $ 76.91        | $ 50.09    |  35%   | $26.82       |
-------------------------------------------------------------------------------------------------------
|  10 Apr 2013 | 12 Apr 2013  |    3           | $ 259.34      | $ 45.00    |  83%   | $214.34     |
-------------------------------------------------------------------------------------------------------       
|  19 Nov 2013 | 19 Nov 2013 |    1           | $ 755.00      | $ 378.00  |  50%   | $377.00     |
-------------------------------------------------------------------------------------------------------   
|  30 Nov 2013 | 14 Jan 2015  |    411       | $ 1,163.00   | $ 152.40  |  87%   | $1,010.60   | 
-------------------------------------------------------------------------------------------------------     
|  10 Mar 2017 | 25 Mar 2017  |    16         | $ 1,350.00  | $ 891.33   |  34%   | $458.67     | 
-------------------------------------------------------------------------------------------------------     
|  25 May 2017 | 27 May 2017 |    3           | $ 2,760.10  | $ 1,850.00 |  33%   | $910.10     | 
-------------------------------------------------------------------------------------------------------       
|  12 Jun 2017  | 16 Jul 2017  |     35         | $ 2,980.00  | $ 1,830.00 |  39%   | $1,150.00  | 
-------------------------------------------------------------------------------------------------------       
|  2 Sep 2017   | 15 Sep 2017 |     14         | $ 4,979.90  | $ 2,972.01 |  40%   | $2,007.89  | 
-------------------------------------------------------------------------------------------------------     
|  8 Nov 2017   | 12 Nov 2017 |     5           | $ 7,888.00  | $ 5,555.55 |  30%   | $2,332.45  |   
-------------------------------------------------------------------------------------------------------     
|  17 Dec 2017 | 2 Feb 2018    |    48          | $ 19,666.00 | $ 8,094.80 |  59%   | $11,571.20 |         
+-------------+--------------+------------+------------+------------+-----------+---------+--------
The first time I post here, look forward to comments from everyone.Thank you everyone for watching!

[wayna]

Price is stagnating now... you guys see still a downtrend but we are approaching the end of the year.

Difficult to predict but I sniff a pump before the 31th December.

[El duderino_]

Get better soon micg. sleep tight. hodl tight

the HODL was tight the sleep was good, being sick remained. another pre X-mass 3k day it is 

[dandannn]

another day of doom and gloom, sideways action whilst we wait for more capitulation. On a brighter note, i now have a hat!

[El duderino_]

^ Anyways it would be a short term W if anything. The reality is that no one knows if the price is going to try to break $3000, or bounce to $5000 or both things in sequential order.... No fucking one!

The price might stay flat until Christmas while everyone is guessing which way it will go.

Whales like to dump on holidays.  Christmas unlikely to be pretty.  

yeah but would they still like to DUMP a only 3k-ish worth BTC? knowing they gonna get bought by many different new HODLERS ?

[El duderino_]

There is a theme being propagated on interwebs that bitcoin will never be able to get from under negative price pressure from CME/CBOE futures (which are cash-settled). Apparently, it happened multiple times before with other commodities.

Q to WO crowd: do you think that bitcoin does (or doesn't) have some futures fighting mitigation strategy?

(snip)

I would prefer to think about how we can use intrinsic bitcoin properties to fight CME/CBOE pushing us down (in price).

The question also deserves a (WO)sMerit.

the i'll send 1 in your behalf

[LFC_Bitcoin]

Price is stagnating now... you guys see still a downtrend but we are approaching the end of the year.

Difficult to predict but I sniff a pump before the 31th December.

Let’s hope so, I see more sideways with a potential for slightly lower. I think we’ll rally to over $5,000 by the end of February though.

Regardless of small price movements (and that’s what they are atm imo) ......BTFD!

[El duderino_]

Price is stagnating now... you guys see still a downtrend but we are approaching the end of the year.

Difficult to predict but I sniff a pump before the 31th December.

Let’s hope so, I see more sideways with a potential for slightly lower. I think we’ll rally to over $5,000 by the end of February though.

Regardless of small price movements (and that’s what they are atm imo) ......BTFD!

thought your range was more in this direction :6245    LFC_Bitcoin

it would be better

[El duderino_]

Truth as life itself.

when low

8K: "Will buy at $6K"
$6K: "Will buy at $3K"
$3K: "Will buy at $1.5K"

when up

$6K: "Will buy at $3K"
$8K: "Will buy at $6K"
$14K: "Will buy at $8K"
$20K: "Will buy at $14K"
 

This is so true LOL!!!

 When moon

https://i.imgur.com/DDzMMqt.jpg

avatar-sized

doesn't that wilhelm needs a HAT ?

[El duderino_]

another day of doom and gloom, sideways action whilst we wait for more capitulation. On a brighter note, i now have a hat!

good i'll put it with the others..... didn't know it was for someone @first....
but its a cool one but "that's just XhomerX's brand"

[LFC_Bitcoin]

Price is stagnating now... you guys see still a downtrend but we are approaching the end of the year.

Difficult to predict but I sniff a pump before the 31th December.

Let’s hope so, I see more sideways with a potential for slightly lower. I think we’ll rally to over $5,000 by the end of February though.

Regardless of small price movements (and that’s what they are atm imo) ......BTFD!

thought your range was more in this direction :6245    LFC_Bitcoin

it would be better

$6245 is over $5000

I think we’ll start to move upwards in Feb regardless of BAKKT, even if they delay again.

These prices are literally ‘cheap coin’.
Like Hairy said, this is a once in a lifetime opportunity, I am buying more but I just wish I had a lot more fiat.

[wayna]

Price is stagnating now... you guys see still a downtrend but we are approaching the end of the year.

Difficult to predict but I sniff a pump before the 31th December.

Let’s hope so, I see more sideways with a potential for slightly lower. I think we’ll rally to over $5,000 by the end of February though.

Regardless of small price movements (and that’s what they are atm imo) ......BTFD!

Yeah, the last consistent crash was on 6 Dec. Perhaps it will stagnate for another week and then something will happen.

Let's also consider some alt prices are very low, if BTC will crash again they could worth a penny, which would be ok for a consequent and fast bull run though.

[El duderino_]

looking forward this weekend hope i'll be better to enjoy it fully  

but F*** did i plan my flights the worst as possible ......