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

[d_eddie]

Blergh, had a short position on.  I should stop trying to outclever the market, it's costing me a fair amount of my stack lately   ....

Opening shorts in the middle of a bull market... Are you mad son?

Well I recently did, but only against a worrying long position. I managed to cash some of the short at a decent distance from my entry. Then the stop loss closed what was left of it (still in the green). Now my long is green too, and it has a stop loss just shy of the red, just in case.

In other words: I think in some circumstances, a short position is OK when a bearish stance may not be.

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[rdbase]

Blergh, had a short position on.  I should stop trying to outclever the market, it's costing me a fair amount of my stack lately   ....

XhomerX insanely cool updated your HAT broooo

When do we vegeta? Is it time to get those memes ready yet mcg cause $9000 is looming near.
You can just smell it bubbling to the surface.

[d_eddie]

via Imgflip Meme Generator

I think I know where this pic was shot and by who.

@infofront Whatever he says about boring movie binges, this is what actually happens down there. Don't say I didn't tell you.

[El duderino_]

[realr0ach]

Like Hairy said, don't short bull markets. Trump + Mossad Iran false flag and scammer Chinamen attempting to rig price higher

[El duderino_]

^
A bitcoin is getting more and more expensive, you will have to sell all your silver for a few satoshis

Keep waiting and buy a ATH buyer

[fillippone]

^
A bitcoin is getting more and more expensive, you will have to sell all your silver for a few satoshis

Keep waiting and buy a ATH buyer

Here, if you squint your eyes, you can see bitcoin leaving the fuckin’atmosphere:




CCMF

[bitcoinPsycho]

Yeah take that alts

[d_eddie]

VEGETA we're waiting!!!  

[Raja_MBZ]

Am I the only one around who feels like an ATH by the end of this year?

[El duderino_]

Am I the only one around who feels like an ATH by the end of this year?

Are you seriously serious?? For real?

[Biodom]

Thinking we're due for a small pullback.

 If Gemini allowed for shorting, I would likely contemplate taking on a small short position at this point, with the funds that I'm fucking around with on there.

something is definitely changing on the market. most of the alts are going down against bitcoin today. looks like profit taking may have started there. the question is if it will push bitcoin higher yet, or hedging/profit taking takes place in btc too.
 but shorting seems to be too risky to me, at least for now

Apart from fundamentals (they should go down anyway), it's most likely Binance news.
Hey Bob, do you still want to sell some at 11K?

My current thinking is that the prior bull move (from prior ATH to current ATH) was $1160 to $19891.
Fib 61.8% retrace of the move would be about $12375 (50% would be $10525).
I believe that $10525 would be too early to rest because FOMO would kick in around there.

[Raja_MBZ]

Am I the only one around who feels like an ATH by the end of this year?

Are you seriously serious?? For real?

[El duderino_]

Am I the only one around who feels like an ATH by the end of this year?

Are you seriously serious?? For real?

Of-course I do believe BTC can achieve ALL of it

[Syke]

VEGETA we're waiting!!!  

I think I can see some spiky hair just around the corner...

[El duderino_]

Damn getting late, tha HODLsleep is needed! Catch up the Vegeta yes or no tomorrow

[vroom]

VEGETA we're waiting!!!  

I'm ready to push the Post button

[Toxic2040]

VEGETA we're waiting!!!  

I'm ready to push the Post button

 

[Last of the V8s]

vroom spent 3 grand on his setup, just to be sure

 

[JayJuanGee]

Am I the only one around who feels like an ATH by the end of this year?

You are not the only one, but you are likely within a considerable grand minority.. amongst an elite few peeps with such thinking ---- not including yours truly.

For me to consider ATH to be plausible for the end of the year, the odds would at least need to be above 50%, and I doubt that the odds are even close to 50% - you would be lucky if currently such odds for an ATH before the end of the year would be greater than 30%...   

So accordingly, it does not seem reasonable to me to be projecting for something with such low odds to be occurring, and the way you expressed the matter, you seem to be under a kind of belief that such odds for an ATH by the end of this year were 80% or greater, which, at this time, seems pure crazy-thinking to me. ... approaching a kind of lunacy...    ... hey.. I would have said the same thing if you would have asserted that we would see anything above $14k in 2017 - before August 2017. for example, things were seeming quite dire for then BTC  price dynamics.

On the other hand, I would agree that if BTC's prices continue to go up from where we are at now (in the sub $9ks) and to stay up past certain price points, such as being able to stay above $10k for a decent amount of time, then Lindy effect principles would suggest that projecting even higher BTC prices becomes more and more within the ballpark of reasonable (in other words the odds for ATH in this calendar year becomes higher and higher... so... little by little to increase odds and to cause more and more FOMO wins the day, as Jimbo likes to say).