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

[STT]

I don't know about 2900, but I will be surprised if 3200 is not heavily tested again. We just touched it for a day, that's not how proper bottom looks like. There should be grind, there should be wall, and only then we can jump up from the bottom for good.

A bottom price can be quite brief but it'll test back before rising further, it doesnt have to return all the way back to be a good bottom.    Right now its lost the 8 day momentum so could be part of that test.   I think 4200 is some resistance and then more obviously is 6000 or so.    If I'm right in presuming support and resistance both have a magnetic type effect to them then we should be drawn back to 6000 area before a proper bearish resume on the downtrend.   It wears out buyers with this process I guess

Since the poll question is way more pessimistic then I'd guess matches the trend, its good because then we havent become too positive too soon.   This is just a small move for BTC so far
A suckers rally is when it bounces but goes nowhere at all or the foundations were either flimsy or misconstrued, this recent bottom was good on a number of levels and measures.  I dont think its that simple a move then

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[realr0ach]

https://i.imgflip.com/2pe5x5.jpg

And for r0ach

Maybe with picture its more easy to understand a few points

What a coincidence that bitcoin is just as easy to transfer as Bernie Madoff IOUs, Jewish reserve note dollars, and every other fake monetary instrument on the earth posing as money.  Ease of transference approaching zero friction is one of the main attributes of every financial scam on the planet.  If there's zero friction to transfer it, it's because no actual value was transferred in the first place.  You can't email a house, a bar of silver or gold, a drumstick, or anything that has any real type of value at all.

[d_eddie]

The school computer room is the only place you can get any piece.

A piece of what, you satyr?

[bitserve]

I have found the exact post/decision where I fucked it all badly at the ATH.

Yeah, stops are not foolproof but are better than nothing.

Should have listened TERA right there:

If it goes back into the previous range at this point I dont think it'll be a dip - I think it would pretty bad. In any case I'd rather get 18k and miss out on 25k, than get 5k and miss out on 18k. Ive seen enough of these gains already. im tired of them.

That would be a good reasoning/bet.... IF there were the same probabilities for the price to go to $25K than to go to $5K.

Those arent the only factors. Also in order for me to lose there has to be the bizzare scenario of the stop getting hit and the price going to 18K yet bouncing right back up to 25k as if that major breach did not occur.

Yeah, maybe you are right.... OTH IF it consistently breaks $20K... maybe $25K won't be nowhere near the top of this wave.

Also there is a fucking lot of profits in the alts already... a good part of those may be waiting for Bitcoin to dip/correct to get on the train so the $5K scenario doesn't seem much likely. There's too many fuel for the rally to continue even though it would seem it has been a long one.

Decisions, decisions.... I think I will just do nothing and let it run....

[realr0ach]

Yeah, maybe you are right.... OTH IF it consistently breaks $20K... maybe $25K won't be nowhere near the top of this wave.

AHAHAHA

[gentlemand]

I have found the exact post/decision where I fucked it all badly at the ATH.

Yeah, stops are not foolproof but are better than nothing.

Should have listened TERA right there:

If Tera ever returns people should show due respect. Until he/she/it irritates enough people that they all start up sniping again.

[d_eddie]

My favorite past time is to watch shorts get liquidated.     There's plenty sitting there ready to be demolished for sure:D

Why buy at 3900, when I'll be able to buy at 2900 soon?

I don't know about 2900, but I will be surprised if 3200 is not heavily tested again. We just touched it for a day, that's not how proper bottom looks like. There should be grind, there should be wall, and only then we can jump up from the bottom for good.

Also, I expect volume to drop during the holidays, as usual, which will give the bears an opportunity to resume control.

The poll says sucker rally 57% vs 25% (18% IDK).

There will be rekt shorts, there will be rekt longs. This we all know. The bit that matters to the gambling trader is: which first?

[HI-TEC99]

My btct name is not that hard to spell. gold-king-coiner. Spell it right. My feelings.

Yes it is running, like me after drinking vodka spiked yak milk.

We found your soft point, gold kintie?  hahahahaha

Hey, leave godlkidcointer alone!

Hey you fuck....

You better start spelling the gold cat's name KORECKTLY... otherwise.. you gonna get reported.

Yeah, tell mom I hurt you bwahahaha

Your one liners have no effect on me... I would be much more scared if you threatened to hit me with one of your wall of text combos though.

Your idle threats don't deter me.

I (with possible assistance of my mom, like you suggested) will slam bam you (& ur lil goldie buddy), with some effective tool when you(s) are most vulnerable.   You will be sorry that you even suggested it.

Your effective tool has no power here.

GoldCoinerKing isn't frightened of it slam bamming him.

[bitserve]

I have found the exact post/decision where I fucked it all badly at the ATH.

Yeah, stops are not foolproof but are better than nothing.

Should have listened TERA right there:

If Tera ever returns people should show due respect. Until he/she/it irritates enough people that they all start up sniping again.

Agreed. I don't think I was disrespectful, but for sure I should have given more credit to his words. I was fooled by my own greed and overconfidence. As many/most here.

[Hueristic]

The poll says sucker rally 57% vs 25% (18% IDK).

There will be rekt shorts, there will be rekt longs. This we all know. The bit that matters to the gambling trader is: which first?

We shall celebrate the rekt shorts and mourn the crushed longs either way.

[JayJuanGee]

I have found the exact post/decision where I fucked it all badly at the ATH.

Yeah, stops are not foolproof but are better than nothing.

Should have listened TERA right there:

If Tera ever returns people should show due respect. Until he/she/it irritates enough people that they all start up sniping again.

You make no sense.

Tera was calling for prices to go down from $2k all the way up to $20k, so of course, she was going to be correct sooner or later.

Sure, she knew about various trading dynamics, but the extent to which you are suggesting that she is some kind of sorcerer, seems both unnecessary and even a mischaracterization regarding anyone's ability to foresee where the price is going to go.

I don't have any problem giving deference to posters who back up their ideas, yet frequently Tera did not do that, she would merely proclaim doom and gloom over and over, and if anyone listened to her, they might not have even bought, and likely sold too much too early.

[gentlemand]

I have found the exact post/decision where I fucked it all badly at the ATH.

Yeah, stops are not foolproof but are better than nothing.

Should have listened TERA right there:

If Tera ever returns people should show due respect. Until he/she/it irritates enough people that they all start up sniping again.

Agreed. I don't think I was disrespectful, but for sure I should have given more credit to his words. I was fooled by my own greed. As many/most here.

Tera may have been on point but also was irritating as fuck and well deserved the occasional going over.

[gentlemand]

I have found the exact post/decision where I fucked it all badly at the ATH.

Yeah, stops are not foolproof but are better than nothing.

Should have listened TERA right there:

If Tera ever returns people should show due respect. Until he/she/it irritates enough people that they all start up sniping again.

You make no sense.

Tera was calling for prices to go down from $2k all the way up to $20k, so of course, she was going to be correct sooner or later.

Sure, she knew about various trading dynamics, but the extent to which you are suggesting that she is some kind of sorcerer, seems both unnecessary and even a mischaracterization regarding anyone's ability to foresee where the price is going to go.

Called it in 2013 too.

[JayJuanGee]

I have found the exact post/decision where I fucked it all badly at the ATH.

Yeah, stops are not foolproof but are better than nothing.

Should have listened TERA right there:

If Tera ever returns people should show due respect. Until he/she/it irritates enough people that they all start up sniping again.

You make no sense.

Tera was calling for prices to go down from $2k all the way up to $20k, so of course, she was going to be correct sooner or later.

Sure, she knew about various trading dynamics, but the extent to which you are suggesting that she is some kind of sorcerer, seems both unnecessary and even a mischaracterization regarding anyone's ability to foresee where the price is going to go.

Called it in 2013 too.

Yes.  I was here for that too.  She did the same thing... called doom and gloom for the whole time throughout 2014 until she disappeared and came back in late 2016...  .  

If you want to worship her, then that's on you, and sure there are other folks here who would like to worship her also, so you would not not be alone.. that's for sure..  

[HI-TEC99]

I have found the exact post/decision where I fucked it all badly at the ATH.

Yeah, stops are not foolproof but are better than nothing.

Should have listened TERA right there:

If Tera ever returns people should show due respect. Until he/she/it irritates enough people that they all start up sniping again.

You make no sense.

Tera was calling for prices to go down from $2k all the way up to $20k, so of course, she was going to be correct sooner or later.

Sure, she knew about various trading dynamics, but the extent to which you are suggesting that she is some kind of sorcerer, seems both unnecessary and even a mischaracterization regarding anyone's ability to foresee where the price is going to go.

I don't have any problem giving deference to posters who back up their ideas, yet frequently Tera did not do that, she would merely proclaim doom and gloom over and over, and if anyone listened to her, they might not have even bought, and likely sold too much too early.

Tera's no sorcerer and even admits getting it wrong at times. Nobody knows what Bitcoin will do next.

2 years like this means BYE BYE BTC

Why ?

I thought something similar in 2015. "Its broken the trendline. It shouldnt have gone below $260 (to $160) and should be rallying by now. Something terrible must be going on. Is bitcoin hacked?"  Luckily I couldnt bring myself to sell my remaining coins. They were worth so little.

[JayJuanGee]

My favorite past time is to watch shorts get liquidated.     There's plenty sitting there ready to be demolished for sure:D

Why buy at 3900, when I'll be able to buy at 2900 soon?

I don't know about 2900, but I will be surprised if 3200 is not heavily tested again. We just touched it for a day, that's not how proper bottom looks like. There should be grind, there should be wall, and only then we can jump up from the bottom for good.

Also, I expect volume to drop during the holidays, as usual, which will give the bears an opportunity to resume control.

The poll says sucker rally 57% vs 25% (18% IDK).

There will be rekt shorts, there will be rekt longs. This we all know. The bit that matters to the gambling trader is: which first?

Seems like you already know the answer d_eddie, since you seem to already be in the practice of betting on both directions.

[d_eddie]

If I knew the answer I'd bet on one side only. I'm hedging the hedges here.

[realr0ach]

I like it when you do a (((google))) captcha perfectly correct and it tells you you're wrong.

[STT]

If there's zero friction to transfer it, it's because no actual value was transferred in the first place.  You can't email a house, a bar of silver or gold, a drumstick, or anything that has any real type of value at all.

Gold can be and most often is traded by exchange of certificate or ownership, you can email people some gold for xmas if you were feeling generous via some service company, people arent throwing gold bars at each other commonly to acknowledge value.    Only final settlement (on net balance not day to day transactional) that might take decades requires actual physical transfer.   Some parts of the world they dont have any proper access to due process and gold is passed but only in small amounts I think, the security for physical transfer discourages this process and gold has been high jacked more then a few times

This seems like an old argument, Bitcoin is useful for being faster, convenient, less costly and with less trust required then this most common use of gold.   The place gold is superior is the price stability and longterm over decades it holds the crown over maybe every other asset for store of value in a very base way, many would refer to land as superior even then.

So gold is for settlement and bitcoin is transactional, I dont see they conflict really.   Two different products for separate jobs


If you want to declare a winner on this, how many are carrying round or even know a shop that carries a gold coin measure/scale to ascertain both dimensions and weight simultaneously.  Then how many know of a shop they can use with BTC.  Without that scale equipment, the trade is done on trust and the hope of no fraud.   Bitcoin is superior for trade and if people keep some gold for a pension I wont argue that one but its a holding more then a trade or transfer

[Icygreen]

There, there r0chie. Just ignore the lies. You know you're right and that's all that matters.