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

[El duderino_]

Taaaaake me hoooome country roooaaads

Because you know your movies, love that merlin part

[gentlemand]

Nope. The exodus from sucker's dump begins.
Bitcoin is so cheap. Thank you, Santa!

If we clear February unscathed then it might well be time to get more comfy. Until then it's all to play for.

[El duderino_]

Nope. The exodus from sucker's dump begins.
Bitcoin is so cheap. Thank you, Santa!

If we clear February unscathed then it might well be time to get more comfy. Until then it's all to play for.

BTC=never to play with, and always to be “comfy” with

[Toxic2040]

Hello fellow basket cases.
I've been following this thread for a while now, but this is my first post here.

Welcome.

Keep your eyes on the facts: https://twitter.com/aarontaycc/status/1074726598702551040?s=19

"Have assessed dozens of compelling arguments, charts and ratios for BTC having already bottomed, a 3K bottom, 2.5K bottom, 1K bottom etc.

Fact is nobody knows. All I know is price is 84% lower than a year ago and fundamentals have never looked better."

Edit: some more food for thought: https://twitter.com/zaoyang/status/1074634081713971200?s=19

Thanks, I agree.

+1 WOsMerit

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Hello, hope you are all having a great day. Just a short chart update as I am spending time with my kids today. The rocket might be premature...but well, I like rockets. #dyor


1h


4h


D




#stronghands2019

[bitserve]

When FOMO?

[El duderino_]

When FOMO?

Somewhere around vegeta

Good night 

[JayJuanGee]

one more leg up to 3686 on Kraken

We don't use Kraken for price referrals.


You ever heard about Bitstamp? 

[bitserve]

Congrats! I assume most of your increase came from trading the downtrend rather than new money?

My profits are from selling at a dollar cost average of $12.5k and rebuying the same amount at $6.8k. Thank you Tera for showing me the light.   My trading since has been a bit average.  I made some good trades and some bad ones and they evened out.  So I will stay out of the market chop for the next 8 months, because I will just get chopped up.

I am still holding back 80% of the small remaining profits to buy over the course of 2019.  But I had to spend 20% right now just in case we get a V shaped bottom back up to $6k.   Having locked in BTC profits for the 2017 crash makes me happy.  

So you already are at personal BTC count record without having to use "new money" and still have plenty of cash to keep buying in the future... Well done!

[bitserve]

When FOMO?

Somewhere around vegeta

Good night 

Soon (tm). Good night mic!

[JayJuanGee]

Money money mooooneyyy mooooooooooooneyyyaayaya

bwhahaha, you mathafuckaaaa have you already cashed out that nuts long??!

Nope. Keep the green dildo going, boys.

Can you continue to change the "stop loss" price point and keep the long open?  

Under current conditions, that could be the smartest move, just to keep the long open and to keep moving the stop loss point up as the BTC price moves up, until at some point you will get stopped out, but hopefully not getting stopped out too soon and we have a bit more upwards from this point, just for "fun"...  (wishful thinking, perhaps?)

[edited out]

JFC! At least raise the stop tightly motherfucker! And good luck!

Thank you! Of course I raised the stop. Just below the golden ratio

Oh you already answered my question, except raised a new point.  What is "the golden ratio?"

[JayJuanGee]

Congrats! I assume most of your increase came from trading the downtrend rather than new money?

So I will stay out of the market chop for the next 8 months, because I will just get chopped up.

hahahahahaha

I don't believe you.

I remember you made a very similar statement before, so I understand that BTC price dynamics can cause you to reconsider your earlier statement(s), so why should this time be different?

[jojo69]

golden ratio

[HairyMaclairy]

Congrats! I assume most of your increase came from trading the downtrend rather than new money?

So I will stay out of the market chop for the next 8 months, because I will just get chopped up.

hahahahahaha

I don't believe you.

I remember you made a very similar statement before, so I understand that BTC price dynamics can cause you to reconsider your earlier statement(s), so why should this time be different?

But but but this time its different !!!   And I really did empty my Bitmex account so I wouldn’t be tempted.

[d_eddie]

Money money mooooneyyy mooooooooooooneyyyaayaya

bwhahaha, you mathafuckaaaa have you already cashed out that nuts long??!

Nope. Keep the green dildo going, boys.

Can you continue to change the "stop loss" price point and keep the long open?

Trailing stops. Many exchanges have them.
They usually command higher fees, but they are handy in circumstances like these.

[goldkingcoiner]

Oh you already answered my question, except raised a new point.  What is "the golden ratio?"

I am using in addition to other patterns and indicators, fibonacci retracement to predict the short term support levels. The likelihood of the price bouncing off the golden ratio (~1.618...) is the highest. I have found symmetry patterns to be extremely useful in trading.



The golden ratio is a fundamental characteristic of the universe. It has been mathematically proven to exist everywhere in nature.

[JayJuanGee]

golden ratio

Am I asking what "google"  says? 




NOT!!!!!!

O.k... O.k.... I will try to settle down.  Breath, breath, breath.........

We have exciteeeeeeee times right now...


Price movement,

WWWWWeeeeeeeeee.......

and all.

[yefi]

.....and the sucker's rally begins

Yes, bitcoin's price has a habit of filling gaps and this seems no different. It would not indicate a V-bottom reversal to me unless it cracked above the descending triangle's floor at ~5700.

[rolling]

Former IMF Economist Finally Closes Year-Old Bitcoin Short

https://www.ccn.com/the-big-short-former-imf-economist-finally-closes-year-old-bitcoin-short/
https://twitter.com/mark_dow/status/1075034409495982081

"I’m done. I don’t want to try to ride this thing to zero. I don’t want to try to squeeze more out of the lemon. I don’t want to think about it. It seemed like the right time."

[Majormax]

.....and the sucker's rally begins

Yes, bitcoin's price has a habit of filling gaps and this seems no different. It would not indicate a V-bottom reversal to me unless it cracked above the descending triangle's floor at ~5700.

That would be a strong indication, but time is a more important variable than price IMO.

The low will only be confirmed to be in the rear-view mirror when price has held at least 50 % above the low point (lets say that is around $5k) for several months.
That point will be the safest area to buy .

It is risky to anticipate it, because a subsequent drop to a new low can wipe out a lot of capital .

The % rise from a lower low would more often give a greater profit than the missed potential of waiting for confirmation.

Drip-feeding in would mitigate the effect, of course.

[goldkingcoiner]

As I see it, in the next hours either we pass 3732 and hit the 3835 ceiling. OR we dip to 3594-3565