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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26768832 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 1 users with 9 merit deleted.)
Biodom
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June 14, 2019, 10:36:26 PM
Merited by JayJuanGee (1)

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.
El duderino_
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June 14, 2019, 10:54:10 PM

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 Cheesy
Syke
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June 14, 2019, 11:02:37 PM

VEGETA we're waiting!!!  Grin Grin Grin

I think I can see some spiky hair just around the corner...
El duderino_
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“They have no clue”


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June 14, 2019, 11:08:04 PM

Damn getting late, tha HODLsleep is needed! Catch up the Vegeta yes or no tomorrow Cheesy
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June 14, 2019, 11:11:49 PM

VEGETA we're waiting!!!  Grin Grin Grin

I'm ready to push the Post button Smiley

Toxic2040
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June 14, 2019, 11:16:32 PM
Merited by P_Shep (2), Phil_S (1)

VEGETA we're waiting!!!  Grin Grin Grin

I'm ready to push the Post button Smiley





 Cheesy Kiss
Last of the V8s
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June 14, 2019, 11:24:10 PM

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

 Grin
JayJuanGee
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June 14, 2019, 11:26:43 PM
Merited by Raja_MBZ (1)

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...   Cheesy Cheesy Cheesy... 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).
vroom
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June 14, 2019, 11:32:12 PM

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

 Grin

Almost  Grin Just one little detail is missing

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June 14, 2019, 11:34:35 PM



Almost  Grin Just one little detail is missing



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June 14, 2019, 11:43:15 PM

doop a doo

juss mindin' my own business here
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June 14, 2019, 11:47:17 PM

doop a doo

juss mindin' my own business here






 Cool
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June 14, 2019, 11:49:23 PM

Corn is bullish af  Kiss
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June 14, 2019, 11:52:57 PM
Last edit: June 15, 2019, 01:31:15 AM by rdbase

Corn is bullish af  Kiss

What kind of voodoo is this? Shocked
It just passed $8644 and then go outside for a break then boom the chart I was watching explodes.



Almost  Grin Just one little detail is missing




Holy sh*t! Thats a busey. Cheesy
If it is a crazy bitcoin pump then you know it is time to show one of them going nuts! Wink
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June 14, 2019, 11:54:41 PM
Last edit: June 15, 2019, 12:05:20 AM by Spaceman_Spiff_Original

Like Hairy said, don't short bull markets.
Indeed, I should stop thinking I can predict the short-term movements.  Big picture everything is dandy, I am just greedy because I want to increase my coin stash, and at times end up archieving the opposite....

PS: Mic, thanks for letting me know I have a new hat. And obviously thanks to xhomerx for making the hat  Cheesy
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June 15, 2019, 12:00:50 AM

Another day, another mind-boggling adventure.



 avatar-sized


Cool stuff man !
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June 15, 2019, 12:02:05 AM
Merited by Danslip (1)

Like Hairy said, don't short bull markets.

It can work pretty well with proper risk management.

Just visualize:

The range we traded in the last 4 weeks was between 9100 and 7400.

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June 15, 2019, 12:17:20 AM

^^ this
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June 15, 2019, 12:20:34 AM
Merited by JayJuanGee (1)

Like Hairy said, don't short bull markets.

It can work pretty well with proper risk management.

Just visualize:

The range we traded in the last 4 weeks was between 9100 and 7400.


Range trading can be visualized with the help of boundaries(Bollinger band indicator).
Short top, buy the dip.
Never try to catch the max and min, just swim with the flow(price action).

Just my 2 cents Smiley
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June 15, 2019, 12:24:40 AM

and litecoin comes roaring back
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