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

[HairyMaclairy]

by the way i am interested in seeing how you draw that trend from ATH as it seems a bit irreverent to me now, the only trend line that makes sense is the one that has Feb 2018 high

We can call the bear line irrelevant after we cross it, and even then it should provide support

[Lambie Slayer]

Where my Bears at?

[HairyMaclairy]

Where my Bears at?

Coming out in a few hundred bucks as we approach the bear line

[mikeywith]

We can call the bear line irrelevant after we cross it, and even then it should provide support

that's not what i mean, there is no "proper" trend line that you can draw from 19k, unless you going to take it from ATH all the way down to 6500k , ignoring all previous highs, such trend is week/irrelevant.

 the only valid trend line with 4 points is the one from Feb 2018 at 11930 connecting 10120 , 8400 and 6500. refer to the image above.

[El duderino_]

Where my Bears at?

Whateva man, this f***ing nr1 bear silver rocking dude arrived @his homplave for a wel extreem deserved HODLslee

See thread tomorrow xoxo

[El duderino_]

Jojo take over this biaaaaaztch

[Arriemoller]

Jojo, Jormungandr also known as the midgard serpent ( miðgarðsormr) is the giant snake or sea serpent that encompasses midgård, where humans live. I think you mean ragnarök, the end of the world as we know it and the beginning of the next world.

I think I know what I mean Arrie.  I very much see Jormungand as parallel to Ouboros; a serpent eating it's own tail in a cyclic continuum of existence.

My understanding is that there are two versions of Ragnarok present in the Norse mythos, one cyclical and one not, I see the cyclic Ragnarok as the point of tail eating if you will.

But we are quibbling, the interesting thing is that ancient mystics had developed a cosmological model very much in keeping with modern theory.

I believe that the universe does reveal itself to consciousness that asks.

Ok, sorry.

Personally I think those are just coincidences, human brains looking for patterns type of thing.

[El duderino_]

Where my Bears at?

Coming out in a few hundred bucks as we approach the bear line

Finger was allmost to fat to click merit button LoL
Last one send
Yeah its saturday
Long time been this knock’ed down

Hope you Guys give me Some to send by next saturday

Never mind sending BULL Harry my last onr

[Lambie Slayer]

https://www.sun-sentinel.com/local/palm-beach/fl-ne-robert-kraft-prostitution-arrest-20190222-story.html

Patriots owner and many other wealthy men are being charged with soliciting prostitution at a local Hand Job Hut and their credit cards were used to identify them.

Bitcoin users not affected.

[bones261]

Just got back from my small B-day lunch at my Mom's. Thanks for all of the good birthday wishes. I see the market still over 4000. I'm fresh out of smerits at the moment so +2 WOsmerits to those that didn't get a party favor.

[JayJuanGee]

Interesting development in the bitstamp order book.

If anyone remembers I mentioned a few weeks ago about how much buying support there was around the 3k level, but, also at the same time how the sell orders were not following the price down (IIRC 2000 btc sold bring the price down 4%, whereas 2000 bought price up around 20%).

I've continued to keep an eye on the order book during this last increase and at the 3700 then 3900 levels buy orders and sell orders were balanced (IIRC about 2500 sold or 2500 bought would move the price 15% either way). Meaning that despite the recent increase in price the buy orders were not following the price up, meaning lack of confidence in the bounce.

Well, right now order book is showing if 2000 coins are sold the price will drop 12%, but, if 2000 coins are bought the price will rise 21%. I can only interpret this as buyers now regaining confidence and beginning to follow the price up rather then waiting for a dip to the lows or new lows. In my mind this is confirmation that the low is now in.

Seems like you are trying to put too much weight into the meaning of the order book because the order book is played around with all of the time to cause these kinds of erroneous presumptions that you seem to be attempting to make... in other words, take the order book with a BIG ASS grain of salt.

Bitstamp and their order book is the exchange that is least played around with IMO and many others opinions. Secondly, fuck you for making assumptions about what I use to gauge the market. If you think that is the only indicator that I use, you are far stupider then your many unnecessarily lengthy insane incoherent posts make out.

You seem to be the one making decent-sized assumptions regarding my intentions of the weight that you grant to various indicators, my supposed assessment of your lack of other indictors and your BTC price assessment methodology, or lack thereof.

There may be some truth about Bitstamp being less played around with in terms of neither employing margin trading and also there seem to be fewer accusations of Bitstamp insider-trading from exchange owners and things like that; however, I also believe that there remains a decent amount of industry-wide recognition that Bitstamp continues to play a significant ongoing leader role as a reliable price metric, which provides a decent enough incentive for whales to play around with their order books and to cause erroneous assessments from folks like you who may be assigning too much weight to the order book matter just like I already described in respose to your earlier post that largely speaks for itself on that question.

[Lambie Slayer]

Where my Bears at?

Coming out in a few hundred bucks as we approach the bear line

It sounds quite reasonable that this pump has a few hundred left in it before we pull back a bit. Bull market dips are the best dips.

[Arriemoller]

We need a new airdrop, I'm constantly out of merits, and I don't want to beg.
And to be honest, I don't want to become a legendary, they seem to get their accounts stolen way too often.

[xhomerx10]

@XhomerX

Not wanting to sound needy or anything, but can you maybe please create a 3d hat for me too (if you still have my pic)

Greatly appreciated!

 Awww I'm sorry man - I was working from my PMs and thought I was all caught up!  You're next

[Arriemoller]

@XhomerX

Not wanting to sound needy or anything, but can you maybe please create a 3d hat for me too (if you still have my pic)

Greatly appreciated!

 Awww I'm sorry man - I was working from my PMs and thought I was all caught up!  You're next

Is it possible to make something 3d looking out of mine?

[JayJuanGee]

There is nothing wrong with trading BTC, and even employing margin (which is more risky than merely HODLing and accumulating), but if you start to make claims that diss on BTC HODLers and those who don't sell their BTC and merely buy BTC on dips or dollar cost average into BTC, then you have gone a step too far.  

There is nothing wrong with hodling for those who don't know how to trade, in fact if you are hodling long term it makes sense to buy at any price, whatever you pay now, you will surely be able profit from 3 years from now.

O.k.  Largely, we seem to agree about that, in terms of good strategy to buy and to hold, and I would avoid either judging people who don't want to trade or feel comfortable in trading because they are likely the majority.  Of course, there may be some who attempt to dabble in trading, but the vast number of people who attempt trading having difficulties getting it to work for them.  Accordingly, it seems that the more normal path would be to presume that most normal people should not attempt to trade unless they are ready, willing and able to invest a decent amount of time to study and practice it in such away that works meaningfully well for them.   

but not everyone is a good hodler, many people sold btc at 3200$ thinking it was going to collapse, and they will FOMO and buy now,

I agree with you that a large number of people do the wrong thing, but just because they do that does not mean that we should presume that they are going to do it or try to entice them into doing that.  I am not sure if you are enticing, but just attempting to patronize people who get emotional?  In some sense, you seem to be trying to entice people to trade, but just to do it the right way (your way) rather than following their emotional inclinations which ends up screwing them up.  Instead, of trying to get them to sell, why NOT just suggest that they refrain, unless they figure out a system that works for them......

O.k... maybe I am being too harsh on you and you are not suggesting that they sell, but instead you are merely saying that they should NOT get all excited and buy now, because such action might cause them to sell later when the price goes down (as you anticipate).  Overall, I don't think that it is bad to let people know how you believe that the market is going to perform in order to help to prepare them, but I don't see any need to either patronize with your supposed superior vision which seems to be suggesting that they do what you do... which might not be a good idea.. especially when BTC prices are still in a 80% correction zone.

and when the price moves lower they will sell again, i mean think about it, if only a handful of people are making money trading, then the majority are losing money, i never diss btc hodlers, i diss amateur traders who chase a large green candle thinking we going to the moon.

I still don't see the purpose of dissing anyone.. it is like you are creating a strawman argument.  Many of us participating in this thread have been around BTC long enough to recognize that it goes up and down, and even that there are a lot of resistance points on the way up from here, so you are not really proclaiming anything unique to say that you are the only one with a vision that the price might NOT break above some of the resistance points in the lower and mid $4k price territories.

[sirazimuth]

via Imgflip Meme Generator

whoa! nice shoes dude.

[mikeywith]

ok i am sorry for being realistic, i know the crowd wants moon memes and "buy now before it's too late" b.s , it makes them happy because sadly the majority of them bought btc at higher price.

the purpose of my post was a simple clear warning for those who have been losing money from day 1 in bitcoin listening to moon boys who keep encouraging them to buy btc at every level telling them " this time is different."

i am not sure how you ended up analyzing my words, but if you felt that i was disrespecting anyone then you probably need to grow a thicker skin.

i spend the time and effort to educate the noobs and i am not even wearing a signature , doing this for absolutely free, and taking the risk of going against the wind by telling them something they don't want to hear, and getting all type of b.s replies (not yours, yours is perfectly fine).

but if you have a problem with how i express my thoughts on the market, feel free to put me on ignore.

[sirazimuth]

... then you probably need to grow a ticker skin.

I wish I could grow a ticker on my skin...save me looking at my device every 5 minutes to check price....

[mikeywith]

lol that's indeed a terrible typo, but think about it, doesn't a ticker on skin seem like a good idea?