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

[JayJuanGee]

 

It be called:  Bitcoin Apathy.    

You remain as the only WO peep who foresees any kind of possible future of sub-$3,122.28 BTC prices at any time within the next 11 months, because your BTC stash depends upon such sub-$3,122.28 happening that every other WO peep has written off as having less than a 5% chance of taking place.  


Sucks to be you.    

[GreatArkansas]

Price contracting in a  rising wedge, 2 major supports below... blue has been sucked dried imo from previous retests... purple support looks strong and fresh.

[JayJuanGee]

Price contracting in a  rising wedge, 2 major supports below... blue has been sucked dried imo from previous retests... purple support looks strong and fresh.

You are saying that we are going down below the blue ($3,760-ish) and to the purple ($3,590-ish)?  Seems like a kind of guess, but in case you want to explain more, when is this going to happen?  Soon^tm?

[bitserve]

Banks are idiots.

And we are still poor.

Where is Rosewater btw?

[HI-TEC99]

HOTTIE, I like her very much! 

That somehow reminds me of a caveman film.

[GreatArkansas]

You are saying that we are going down below the blue ($3,760-ish) and to the purple ($3,590-ish)?  Seems like a kind of guess, but in case you want to explain more, when is this going to happen?  Soon^tm?

Yes. The purple one is my strong support zone. The 4hour volume spike recently makes me think we have an attempt to make a higher high before dump, also counts show one more leg up.

[JayJuanGee]

Banks are idiots.

They have been doing pretty good in recent years, seems like it.  Especially when they get free money without hardly any accountability.   And, some of them even charge folks to store their money.  Seems like a decent place to be, if your goal is making money.

And we are still poor.

Couldn't be for many of us who have HODLed and accumulated BTC.  In that regard, it should be a lot more difficult to lose money, if you have been HODLing and accumulating BTC for a few years, and you've had an account here for almost a year longer than yours truly.    

Where is Rosewater btw?

Good question.  He's not exactly someone who is willing or able to establish a consistent and ongoing BTC plan that involves long term HODL and accumulating when the price is dropping.. .so given our recent history, he may end up being a kind of lagging indicator, as my three scenario reversal post attempts to describe?  NOT that he would want to read my posts that involve possible reversal scenarios.. especially when there seems to be some high level jadedness damages.  Maybe we will see him back in then supra $8k arena?  Which could take a year or longer to achieve, perhaps?

[infofront]

I prefer the wimminz a little thick. This might be a little much, but it's the best I can do right now:

So what does this all mean? Religion Matters. Which pisses me off as an atheist, but atheism also demands that we look at the world objectively. We killed god, and we are now paying the price.

You sound like you need a hug, Ibian. Or maybe spend some time playing with a puppy.

[JSRAW]

Banks are idiots.

And we are still poor.

Where is Rosewater btw?

Banks are smart ( Banks charge us money to get our own money and tells to secure PW-PIN so we don't get robbed )

And we are still stupid and pooooor.

[JayJuanGee]

You are saying that we are going down below the blue ($3,760-ish) and to the purple ($3,590-ish)?  Seems like a kind of guess, but in case you want to explain more, when is this going to happen?  Soon^tm?

Yes. The purple one is my strong support zone. The 4hour volume spike recently makes me think we have an attempt to make a higher high before dump, also counts show one more leg up.

So an UP could take BTC into a $4,200 to $4,600 arena, and then a dump to the $3,590 support?  Something like that? 

And play out over a few weeks, perhaps?  Or are you thinking something else? 

In your earlier post, why did you mention the DOWN without the UP, or were there only recent changes in the price dynamics?  In other words, does your interpretation of price direction change a lot, and when you call a direction, how much weight are you giving to your call?  greater than 50% or 90% or some other kind of methodology of assigning probabilities to lines and waves?

[HI-TEC99]

I prefer the wimminz a little thick. This might be a little much, but it's the best I can do right now:

Is this thick enough for you?

[infofront]

^ Negative Merit 

[HairyMaclairy]

So what does this all mean? Religion Matters. Which pisses me off as an atheist, but atheism also demands that we look at the world objectively. We killed god, and we are now paying the price.

You sound like you need a hug, Ibian. Or maybe spend some time playing with a puppy.

Or spend a bit less time on Stormfront

https://www.theguardian.com/world/2019/mar/19/a-perfect-platform-internets-abyss-becomes-a-far-right-breeding-ground

[bitserve]

Banks are idiots.

They have been doing pretty good in recent years, seems like it.  Especially when they get free money without hardly any accountability.   And, some of them even charge folks to store their money.  Seems like a decent place to be, if your goal is making money.

And we are still poor.

Couldn't be for many of us who have HODLed and accumulated BTC.  In that regard, it should be a lot more difficult to lose money, if you have been HODLing and accumulating BTC for a few years, and you've had an account here for almost a year longer than yours truly.    

Where is Rosewater btw?

Good question.  He's not exactly someone who is willing or able to establish a consistent and ongoing BTC plan that involves long term HODL and accumulating when the price is dropping.. .so given our recent history, he may end up being a kind of lagging indicator, as my three scenario reversal post attempts to describe?  NOT that he would want to read my posts that involve possible reversal scenarios.. especially when there seems to be some high level jadedness damages.  Maybe we will see him back in then supra $8k arena?  Which could take a year or longer to achieve, perhaps?

1) No, they are idiots. You take them out of their squared thinking and they don't know what to do. I offer them free money and they don't take it. Idiots. Now I am forced to pay FULL for the tennis court of my new property because they say it's not part of the "home" and don't mortgage that part. Don't you see I do even have the money to pay it in full? Fucking stupid idiots.

Now I have to use almost all of my fucking life savings because they don't want to make money on it for a fucking technicality.

Oh, and not to mention I had to use my partner as co-buyer because I don't have much regular income... according to their consideration of "regular". Bleah.

2) I have always accumulated. Never sold a single Bitcoin. But my first buys in 2013 were not that much significant. And during the bear market I didn't buy much (resumed at end of 2015 until middle of 2017). If I had took some part out of it during the peak I wouldn't say so, but I know I am not the only one... so yes, we are still poor.

3) I hope to see him back soon. I really liked the guy.

[JSRAW]

https://twitter.com/TheCryptoMonk/status/1107794677175074816
Bitcoin Cash explained to your kids.

[GreatArkansas]

You are saying that we are going down below the blue ($3,760-ish) and to the purple ($3,590-ish)?  Seems like a kind of guess, but in case you want to explain more, when is this going to happen?  Soon^tm?

Yes. The purple one is my strong support zone. The 4hour volume spike recently makes me think we have an attempt to make a higher high before dump, also counts show one more leg up.

So an UP could take BTC into a $4,200 to $4,600 arena, and then a dump to the $3,590 support?  Something like that? 

And play out over a few weeks, perhaps?  Or are you thinking something else? 

In your earlier post, why did you mention the DOWN without the UP, or were there only recent changes in the price dynamics?  In other words, does your interpretation of price direction change a lot, and when you call a direction, how much weight are you giving to your call?  greater than 50% or 90% or some other kind of methodology of assigning probabilities to lines and waves?

Support zone area for me is the purple one. I did not tell to go down without up, it's possible since my support is around 3590.

[jojo69]

Where is Rosewater btw?

JJG ran him off

[JayJuanGee]

Banks are idiots.

They have been doing pretty good in recent years, seems like it.  Especially when they get free money without hardly any accountability.   And, some of them even charge folks to store their money.  Seems like a decent place to be, if your goal is making money.

And we are still poor.

Couldn't be for many of us who have HODLed and accumulated BTC.  In that regard, it should be a lot more difficult to lose money, if you have been HODLing and accumulating BTC for a few years, and you've had an account here for almost a year longer than yours truly.    

Where is Rosewater btw?

Good question.  He's not exactly someone who is willing or able to establish a consistent and ongoing BTC plan that involves long term HODL and accumulating when the price is dropping.. .so given our recent history, he may end up being a kind of lagging indicator, as my three scenario reversal post attempts to describe?  NOT that he would want to read my posts that involve possible reversal scenarios.. especially when there seems to be some high level jadedness damages.  Maybe we will see him back in then supra $8k arena?  Which could take a year or longer to achieve, perhaps?

1) No, they are idiots. You take them out of their squared thinking and they don't know what to do. I offer them free money and they don't take it. Idiots.

Why would they take money from you, when they can get free government subsidized money with less risk?

In other words, you are likely describing a concept of immoral or inhumane or unethical rather than idiots because they may be given too much latitude and have too many opportunities to earn money in other places rather than making loans (as they had done in recent history)

Now I am forced to pay FULL for the tennis court of my new property because they say it's not part of the "home" and don't mortgage that part. Don't you see I do even have the money to pay it in full? Fucking stupid idiots.

Too bad that you are experiencing some of these kinds of extra financial stresses, and I understand that sometimes it can become quite frustrating to find some kind of possible route... so I wonder if there might be ways to get that bank to reconsider their evaluation?  or if you were able to get a reasonable and sufficient loan in some other kind of way?

Now I have to use almost all of my fucking life savings because they don't want to make money on it for a fucking technicality.

Sounds a bit stressful.  Hopefully, you won't have to dig into much of your BTC stash, but I understand that sometimes to relieve some stresses, the BTC stash might be a portion of a practical solution, perhaps?

Oh, and not to mention I had to use my partner as co-buyer because I don't have much regular income... according to their consideration of "regular". Bleah.

Any potential creditor is going to weigh these various factors.. and probably, there are higher interest loan possibilities from loan sharks, and then a question may be whether you dip into your other resources, such as your BTC stash?    Advantages and disadvantages to having co-signers can be the possible co-income, too.  and co-strategies that hopefully do not conflict too much with each other.

2) I have always accumulated. Never sold a single Bitcoin. But my first buys in 2013 were not that much significant. And during the bear market I didn't buy much (resumed at end of 2015 until middle of 2017). If I had took some part out of it during the peak I wouldn't say so, but I know I am not the only one... so yes, we are still poor.

You can stick to your guns on this point, but even if some of us might be poor, for a variety of reasons, it still seems that your BTC stash is in decent shape in terms of profitability.  So, yeah, there can be ways to say that any of us could hav made a lot more money, but bitcoin itself has given really great returns for any of your purchases through mid 2017.. assuming that even your mid-2017 BTC were less than $3,200... I recall that the first times that BTC went above $3,200 was in August 2017.... So, even if you feel that you did not buy enough BTC, from your description, whatever BTC you did buy are in decent profits territory... which is pretty good, given the relatively extreme correction location we are at this time.

Personally, I don't see anything wrong with shaving off a bit of profits, if your financial situation calls for it, and attempt to buy those back later... even if you have to buy higher.  But of course if you can find money from other locations, without going crazy, then that might make you feel better, overall, perhaps?

3) I hope to see him back soon. I really liked the guy.

Could be a while, if ever, given the context of his exit.

[bitserve]

Where is Rosewater btw?

JJG ran him off

Oh yeah, now I remember that "incident".

[JayJuanGee]

Where is Rosewater btw?

JJG ran him off

Could be.  On more than one occasion, I suggested that RW grows some cajones - even though I didn't use that exact phraseology.

You cannot necessarily expect sympathies on the interwebs, and that is one of the dangers of sharing some personal details, emotions and/or taking contradictory positions or even sharing facts that might be read in contradicting ways.  

Of course, we all have our own issues, we might even share some of our issues in this thread, and sometimes it is not easy to deal with the back and forth beatings that might take place and some of our own provided information might become ammunition for such beatings.  

As you may recognize, I have never received any WO beatings, whatsoever.  I have just been one of the WO bullies (maybe even the only one, depending on perspective).  Right, Jojo?

Where is Rosewater btw?

JJG ran him off

Oh yeah, now I remember that "incident".

Only one "incident?"