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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21334388 times)
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JayJuanGee
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August 08, 2019, 09:47:21 PM
Merited by Ludwig Von (1)



If you had a brush in your hand now, how would you draw your lines by looking at this chart? There is only one possible direction which makes sense.

Do you also see what I see?

*$100k incoming (we may skip 2020 too, 2021 is more likely)

Go thru a 7000 to 8000 $ valley first. Seems logic (for what it is worth in this world).  Wink

Hm?

Another "down before up" prognosticator.  May the luck be with you, in the event that you are betting on such proposition, along with a decent number of others who are betting on "down before up," yet need not be named at this time.

Well JJG, actually, for me it doesn 't matter. That is what I learned from you. My Corn value is up and I have plenty of coverage down, even lower than the proposed low. And I am happy with small trades in ladders, so also ready for the big one, be it up or down!  Wink

Hey, Ludwig Von.  I have no reason to doubt your proclamations in regard to having had prepared yourself for either BTC price direction, and therefore your speculation regarding "down before up" is going to carry a decent amount of more credibility, at least in terms of your not talking your books.

However (you see that there is nearly always a "however" hahahaha), I'm still a bit reserved in capitulating to any kind of "down before up" assertion or to give it much credence in terms of expectations. 

Just seems to me that, at this time, there would be a lot more pleasure for bitcoin  (to the extent that baby can feel pleasure), to punish those "down before uppers" because baby BTC  does not really seem like she wants to comply with pattern expectations, especially when there are a decent number of "smart than thou" people who seem so damned inclined to treat baby BTC as a mature asset class, and in the heart of hearts of a decent number of actual smart money folks, there remains a decently strong recognition (even if not outwardly shown) that she is merely a baby, and babies don't really tend to behave how you would prefer them to ... those lil fucks.

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August 08, 2019, 09:49:37 PM

Quick reminder that Jordan Belfort, the "Wolf of Wall Street" called Bitcoin a scam last year, and said "Get out if you don't want to lose all of your money". The price was about 50% of what it is today.

Bullish.

https://twitter.com/fullbeerbottle/status/1159527648781058049?s=21

Indeed, forgot about that idiot ..........

If you like that one, here's ol' Jim Cramer (and his crony partner Stephanie Link) in 2014 when asked about Bitcoin:

https://www.youtube.com/watch?v=2kEySHOd4JU

Never. Fkn. Forget.
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August 08, 2019, 09:59:57 PM

What do you call a witty man in Canada?
A tourist.

What do you call a child porn leecher that tries to hide his online traces?
A torpedo.

Funny, but also not funny  Grin
i tried...

#haiku, anyone?
sad times, BTC falls
waiting for the pump to come
jokes to lighten up

Currently, I don't see bitcoin in any kind of "fall" status.  We have nearly 10 days of UP, from y point of view, and in the past few days, we are a bit stagnated towards the upper end of the UP.

Yep, it's still over my personal border of comfort (11k at the time, slowly rising).
I liked the daily candles after the first four consecutive appearances.
The haiku follows some kind of imaginary impersonation.

Yeah.. holy fuck... I had not noticed that recently we had 7 daily greens in a row.  Feels good man.

Anyhow, I can accept that you might have been going through with some kind of out-of-body experience when drafting that haiku... You might need to get checked out to make sure that you don't have an alien inside of you... just to be more safu.   Wink
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August 08, 2019, 10:22:37 PM



Hm?

Another "down before up" prognosticator.  May the luck be with you, in the event that you are betting on such proposition, along with a decent number of others who are betting on "down before up," yet need not be named at this time.

Obviously possible, but not much space for going down under 10K.
This time, my dear JJG it's confirmed  Grin

Surely, I appreciate that you built a confirmation into your response.   That lends a hell-of-a lot more credence to what you proclaimed.

Actually we should celebrate that 4 digits ended for good.

Likely, too many people remain too nervous about being too close to returning to 4 digits to celebrate.  I am feeling that we can celebrate that the bottom of $3,122 is likely "in," but even with that, I can hardly muster up much more than a 75% confidence level.  Maybe I am too shell-shocked or conservative or merely afraid to get too cocky regarding where we are going, even though I am not too afraid to get cocky and even to laugh the fuck at how the shitcoiners seem to be fairing with our most recent BTC price dynamics in the past 4 months or so.

But, in that, I would only be rubbing in past performance - or even looking at a 2 year timeline and comparing BTC to almost any other crypto.  The vast majority of those shitcoins are not fairing too well, relatively speaking, but I am remain less than cock-assured that some of them might not get some pumpening infusion at some point in the near future.  So I am a hell of a lot more confident to NOT invest in any of them than I would be to either short them or bet against any of them for short to medium term pumpenings, at this point.   

I can't see fireworks, why?

Maybe the whole supply was used up last month? and, there is a bit of reluctance to prematurely ejaculate - even though I would pose that a breaking above $13,880 would infuse some renewed enthusiasm... and maybe even inspire some currently reserved folks to travel to the pyromania warehouse for an unscheduled withdrawal of goodies.

I assume you are missing something, - no more 4digits, even if I'm self proclaiming "no more4D" still means no more.
We HAVE BREACHED THE LEVEL.

scr0ach will confirm that soon Smiley
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August 08, 2019, 10:25:14 PM

The 7 day uptrend in BTC may be investors losing faith in ETH while ETH/BTC is currently in a 7 day downtrend.  
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August 08, 2019, 10:31:28 PM



Hm?

Another "down before up" prognosticator.  May the luck be with you, in the event that you are betting on such proposition, along with a decent number of others who are betting on "down before up," yet need not be named at this time.

Obviously possible, but not much space for going down under 10K.
This time, my dear JJG it's confirmed  Grin

Surely, I appreciate that you built a confirmation into your response.   That lends a hell-of-a lot more credence to what you proclaimed.

Actually we should celebrate that 4 digits ended for good.

Likely, too many people remain too nervous about being too close to returning to 4 digits to celebrate.  I am feeling that we can celebrate that the bottom of $3,122 is likely "in," but even with that, I can hardly muster up much more than a 75% confidence level.  Maybe I am too shell-shocked or conservative or merely afraid to get too cocky regarding where we are going, even though I am not too afraid to get cocky and even to laugh the fuck at how the shitcoiners seem to be fairing with our most recent BTC price dynamics in the past 4 months or so.

But, in that, I would only be rubbing in past performance - or even looking at a 2 year timeline and comparing BTC to almost any other crypto.  The vast majority of those shitcoins are not fairing too well, relatively speaking, but I am remain less than cock-assured that some of them might not get some pumpening infusion at some point in the near future.  So I am a hell of a lot more confident to NOT invest in any of them than I would be to either short them or bet against any of them for short to medium term pumpenings, at this point.  

I can't see fireworks, why?

Maybe the whole supply was used up last month? and, there is a bit of reluctance to prematurely ejaculate - even though I would pose that a breaking above $13,880 would infuse some renewed enthusiasm... and maybe even inspire some currently reserved folks to travel to the pyromania warehouse for an unscheduled withdrawal of goodies.

I assume you are missing something, - no more 4digits, even if I'm self proclaiming "no more4D" still means no more.
We HAVE BREACHED THE LEVEL.

scr0ach will confirm that soon Smiley

Surely, I have my doubts, and I am not really against such a prognosis (either financially nor psychologically) - similarly, as to when, in late March, JSRAW proclaimed that there would be no more sub $3,900, and he ended up being correct regarding that proclamation, even though I battled him several times on that one.  Currently the chances for sub $3,900 seems to be in the less than 25% arena, if not in the sub 20% arena.

Maybe you are going to end up being the JSRAW of 4 digits?  Time will tell, and even if you end  up being correct, I believe that currently it is way too soon to accept your assertion with any level of confidence as gospel.

Regarding roach.. I have my doubts about using him as any kind of indicator for anything in BTC.  He remains so fucking obsessed with his baloney irrelevant messages that there ends up being almost no correlation to anything.  It's like no matter what is going on, his recommendation is to buy PMs such as gold and silver and to prepare for Armageddon, and in the meantime hate everyone else for living normal lives.  Lots of members here seem to have attempted to transition out of his ongoing bitterness and butthurtness, but nothing seems to work, except maybe for short periods of time when grandma makes him some cookies and milk, then he seems to chipper up into lucidness for a short period of time... but that cannot always be determined, and grandma doesn't really seem to be too happy with him, either.
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August 08, 2019, 10:38:46 PM

I believe that currently it is way too soon to accept your assertion with any level of confidence as gospel.

In contrary to scr0ach I successfully erased all christian background from my belivings.
So, gospels are ok, as long its so called Xmass Scr0ach, fried scr0ach.

indeed my words could sound like a gospel or other written shit but, face reality: even if you think it's to early to proclaim that - I'm first who done this.

Good night JJG

ps/ no more 4D

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August 08, 2019, 10:44:52 PM



If you had a brush in your hand now, how would you draw your lines by looking at this chart? There is only one possible direction which makes sense.

Do you also see what I see?

*$100k incoming (we may skip 2020 too, 2021 is more likely)

Go thru a 7000 to 8000 $ valley first. Seems logic (for what it is worth in this world).  Wink

Hm?

Another "down before up" prognosticator.  May the luck be with you, in the event that you are betting on such proposition, along with a decent number of others who are betting on "down before up," yet need not be named at this time.

Well JJG, actually, for me it doesn 't matter. That is what I learned from you. My Corn value is up and I have plenty of coverage down, even lower than the proposed low. And I am happy with small trades in ladders, so also ready for the big one, be it up or down!  Wink

Hey, Ludwig Von.  I have no reason to doubt your proclamations in regard to having had prepared yourself for either BTC price direction, and therefore your speculation regarding "down before up" is going to carry a decent amount of more credibility, at least in terms of your not talking your books.

However (you see that there is nearly always a "however" hahahaha), I'm still a bit reserved in capitulating to any kind of "down before up" assertion or to give it much credence in terms of expectations.  

Just seems to me that, at this time, there would be a lot more pleasure for bitcoin  (to the extent that baby can feel pleasure), to punish those "down before uppers" because baby BTC  does not really seem like she wants to comply with pattern expectations, especially when there are a decent number of "smart than thou" people who seem so damned inclined to treat baby BTC as a mature asset class, and in the heart of hearts of a decent number of actual smart money folks, there remains a decently strong recognition (even if not outwardly shown) that she is merely a baby, and babies don't really tend to behave how you would prefer them to ... those lil fucks.



You are absolutely right. Just adjust a bit, I am trading in small size, a little bit of my stash, well, small stash, and only looking at a bit of Euro in reserve while keeping BTC going up. And in macro view, I have a feeling that all major world fiat currencies are trying to melt down all together, they also love each other after all... . Wink
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August 08, 2019, 11:51:21 PM


Go thru a 7000 to 8000 $ valley first. Seems logic (for what it is worth in this world).  Wink

Quite possible.

The most obvious inference from the chart is that price moved too soon, and MA's need to catch up.  That is confirmed even if you go back further, to 2011 say.

To follow a smooth trajectory, price needs to have been around 7k now. It is unclear whether the catch up can occur by means of a deeper correction, or a quiet extended range for a few months.

The third way is for a steeper bull run, but this seems unlikely because logically, and observably, the long cycles are extending and smoothing as adoption proceeds.
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August 08, 2019, 11:53:19 PM

This consolidation at upper resistance is epic

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August 08, 2019, 11:55:48 PM


Go thru a 7000 to 8000 $ valley first. Seems logic (for what it is worth in this world).  Wink

Quite possible.



No son, not possible.
No logic in your thought valley.
Sorry.  Grin
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August 09, 2019, 12:00:34 AM
Merited by JayJuanGee (1)


Go thru a 7000 to 8000 $ valley first. Seems logic (for what it is worth in this world).  Wink

Quite possible.



No son, not possible.
No logic in your thought valley.
Sorry.  Grin


Everything can be resolved to probabilities.

 'Not probable' is what you meant to say.
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August 09, 2019, 12:02:33 AM


 'Not probable' is what you meant to say.

I will insist with original, :not possible: - same trade mining
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August 09, 2019, 12:10:23 AM
Merited by JayJuanGee (1)



How many definitions has Bitcoin: currency, value reserve, financial revolution, digital gold, inefficient database, Ponzi scheme, only bubble, etc ... all true and all false, depending on your background.

In this very interesting article the author goes much further, coming to define Bitcoin as a living organism, a new form of life!

https://medium.com/@dergigi/proof-of-life-fa28fdc002fe
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August 09, 2019, 12:28:45 AM



How many definitions has Bitcoin: currency, value reserve, financial revolution, digital gold, inefficient database, Ponzi scheme, only bubble, etc ... all true and all false, depending on your background.

In this very interesting article the author goes much further, coming to define Bitcoin as a living organism, a new form of life!

https://medium.com/@dergigi/proof-of-life-fa28fdc002fe

looks like emerging new organismus.

Is this yellow colour some how connected to gold? Grin
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August 09, 2019, 12:42:53 AM

Bitcoin is like........

https://m.youtube.com/watch?v=41N6bKO-NVI

Btw, who can complete this easy challenge??
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August 09, 2019, 12:44:40 AM

I believe that currently it is way too soon to accept your assertion with any level of confidence as gospel.

In contrary to scr0ach I successfully erased all christian background from my belivings.
So, gospels are ok, as long its so called Xmass Scr0ach, fried scr0ach.

indeed my words could sound like a gospel or other written shit but, face reality: even if you think it's to early to proclaim that - I'm first who done this.

Good night JJG

ps/ no more 4D

First:  Saying that something is gospel or NOT is merely an expression to reflect a kind of certainty in the proclamation that is being made.  There should be no need to assign any kind of christianity meaning to such an expression, especially in a thread like this.

Second: I have no idea what purpose is served to emphasize anything related to roach.   Surely, each of us might be guilty, a bit, in giving that goofball too much attention, even such attention had meant to be in the negative.  Personally, I do not agree that he should be ignored, either, because then his ideas would then be allowed to run rough shod out there... My point is why the fuck is there any need to refer to roach in this particular matter?

Third:  Maybe you could have been the first to call "no more four digits" with such enthusiasm, but really this whole matter seems to be kind of coming off as you wanting sorcerer status.  Who cares who said what first?  Many times we have all kinds of ideas that are batted around in this thread, and it is not like any of us have very many original ideas, even if we might become known for repeating certain kinds of themes.  I guess what I am saying is that I wonder what kind of need there is to be the supposed first, because in the end, none of us really know about these price dynamics, and if we happen to get some kind of prediction correct, that seems to be more a matter of luck rather than something that we really had any kind of meaningful foresight into, amiNOTrite?
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August 09, 2019, 12:53:56 AM

Bitcoin is like........

Nothing we've seen before
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August 09, 2019, 12:55:12 AM
Last edit: August 09, 2019, 01:22:30 AM by degxtra1


First:  Saying that something is gospel or NOT is merely an expression to reflect a kind of certainty in the proclamation that is being made.  There should be no need to assign any kind of christianity meaning to such an expression, especially in a thread like this.

Second: I have no idea what purpose is served to emphasize anything related to roach.   Surely, each of us might be guilty, a bit, in giving that goofball too much attention, even such attention had meant to be in the negative.  Personally, I do not agree that he should be ignored, either, because then his ideas would then be allowed to run rough shod out there... My point is why the fuck is there any need to refer to roach in this particular matter?

Third:  Maybe you could have been the first to call "no more four digits" with such enthusiasm, but really this whole matter seems to be kind of coming off as you wanting sorcerer status.  Who cares who said what first?  Many times we have all kinds of ideas that are batted around in this thread, and it is not like any of us have very many original ideas, even if we might become known for repeating certain kinds of themes.  I guess what I am saying is that I wonder what kind of need there is to be the supposed first, because in the end, none of us really know about these price dynamics, and if we happen to get some kind of prediction correct, that seems to be more a matter of luck rather than something that we really had any kind of meaningful foresight into, amiNOTrite?

It's all of you JJG - have you ever placed bet on colour more than 1S? or you are healthy/clever man who don't do gambling?
I hate enthusiasm.
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August 09, 2019, 01:31:08 AM

[edited out]

You are absolutely right. Just adjust a bit, I am trading in small size, a little bit of my stash, well, small stash, and only looking at a bit of Euro in reserve while keeping BTC going up.

If you recall our BTC price move from $4,200 to $13,880,  it is likely that quite a few of us only experienced a few dips that allowed us to buy back some of our sold BTC, so in some sense there was a bit of a feeling of a straight up in BTC price which is a good practice run for what kinds of extremes for which you and your BTC portfolio needs to be prepared.  Of course, frequently we are likely going to receive pauses in UPwards BTC price movement, but we should be prepared for the extremes, both psychologically and financially.

So, yeah, since the end of June, and our $13,880 price peak, there has been a lot of DOWN and UP that has allowed for several times opportunities to buy back some BTC - even if a guy (or gal) might end up selling such BTC again upon the subsequent BTC price rise, for me, there is a stacking sats components to my DOWN and UP in which with each return back UP, I will end up having a bit more BTC than I had the first time around at that particular price point.



And in macro view, I have a feeling that all major world fiat currencies are trying to melt down all together, they also love each other after all... . Wink

Of course, there frequently is speculation that a collapse will happen gradually, then all at once, but I still think that it is going to take well over 20 years for any kind of meaningful collapse to take place, and even then it might be hard to determine with any kind of precision where baby BTC is going to be in that whole scheme of things... even while at the same time, those of us investing in bitcoin likely realize that relatively speaking, BTC should be in a very decent place - how many of us will be alive and well and in a decent position to enjoy our likely ongoing wealth in 20 years?  There will be quite a few of us gone, even if from causes other than old age.
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