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

[Lambie Slayer]

It looked vaguely familiar and I had to check.
Soo.. which one of you is observing from Romanian seaside?
A shortened link to google street view: https://tinyurl.com/y46jqdmb

Holy shit man how did you know that hole in the wall! GJ

I was looking for a good photo to show how Rebel might be getting wifi in a poor village. I googled shithole European town and found a medium article where a guy was talking about going back home to visit where he grew up and facing the fact that he was from a shithole. Didnt read the article but the pics he put in it were gold for my purposes. Kudos for catching the exact place!  

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[Lambie Slayer]

Fiat currencies. Backed by the military.

Damn, you doxed Rebel, ruthless

[d_eddie]

So we had our flash dumplet - nothing really worrying as it was, just one more dip to buy moar. There was strong resistance just below 10k, and getting back over that line was a matter of minutes. Some bought a little. My guess is no one panic sold - and certainly no WO peep.

TL;DR Yawn.

[Toxic2040]

who bought at the top?

who sold the dip?

--------





Squeaking through another Tuesday it appears. Some moderate selling pressure building as support continues to turn towards resistance. Buy them dips and #dyor

4h


D

#stronghands'19

[ssmc2]

In early 2017 NOBODY expected almost 20K price by the end of the year...then it happened.
Now, everybody expects 50-400K...soonish.
Multiple people draw various graphs showing how it is 'inevitable' in 2021-2022. Plans are being drawn about what to do "when rich" in incredible detail.
Since the majority now believes in it, power law and S2F non-withstanding, I am starting to consider that it might not happen, or at least maybe not until 2024-2025. We shall see.

Or we just blow through 400k up to 800k. Nobody expects that.

 

[jojo69]

debart in progress

[LUCKMCFLY]

In FXStreet they give this analysis:



As the wedge initially shows that it breaks long, it is likely that there is a liquidity group, in my opinion, the bears will not succeed.

In the 1h fractal:



Source:https://www.fxstreet.com/cryptocurrencies/news/bitcoin-technical-analysis-btc-usd-hit-with-devastating-rejection-after-failing-to-break-through-game-changing-resistance-201909101500?utm_source=dlvr.it&utm_medium=twitter

The bulls are defending their positions ..

[HairyMaclairy]

This is what I was telling you about that gold/btc correlation.

Gold is -%0.8 and BTC makes a nosedive. Can't be a coincidence.

Eh, stop looking for meaning in the news and other markets.  It’s just bouncing in the flag. 

[JayJuanGee]

That Land Rover is OK, I live in a semi rural area & my Mercedes is really shit in the ice & snow. I wouldn’t be adverse to having one but until bitcoin moons I can’t really justify spending that on a car that I might use for 2 months of the year. But then again if I was rich AF & I was worried about the weather I’d buy this -

Yacht and Mercedes shopping   .........  kicking in, soon.^tm

[JayJuanGee]

Any mis- is in your misattribution of ulterior motive to my actions, which causes you to invent things in my writings that are not there.

Huh?  Funny I still see you making misinformation's, and spinning matters.  I did not realize that I was causing it.  

Apparently you are all powerful!

Do you posses these!?!

They look nice. If I started such collection, I would be accused of collecting shiny objects.

[OROBTC]

They look nice. If I started such collection, I would be accused of collecting shiny objects.

Collecting shiny objects?  Say it ain't so...

 

[jojo69]

there he is

ZH OG

reminds me how much I miss building little stonehenges out of 100oz bars since the boating accident

[JSRAW]

~Snip~

+1
Holy Moly Stash management 101

Tweak it a little bit JSRAW?  Something like that might work for you?  Perhaps?

Yeah, it could, for sell plans everyone needs their tweaking according to their target, situations, etc. Timing of price increment in each stage is crucial, though. Unfortunately, no one can predict this scenario or downtrend, so I am not rigid with my sell stage.

Before, I start to comment, let's remember, again, that I was responding to some of the goals that mindrust had presented, including that he was planning to cash out everything at $100k, so the parameters of his thinking was different from yours,  even though some variation of that same cashing out projection could still work for you, JSRAW, with some tweaking... and maybe even you would not start cashing out until after $150k or whatever is comfortable for your situation...  
~Edited ~

Sir, Yes, sir, I remember. And your calculation was spot on, in the context of mindrust and I agree with almost everything which you mentioned in your reply to me.

I have okay stash despite entering very late into BTC or crypto in general (Aug, 2017). Luckily I benefited from the last bull run, and this helped me to acquire more corns religiously in the bearish trend, meanwhile my 50%-80% monthly salary comes in BTC too, which i hardly cash out. So I divided my stash into 2 small stashes according to my current needs.

1. The first stash is for the next bull run, and I can follow a more or less similar strategy which you suggested but with slightly different sell zone and % with some tweaks. I can even fancy my early retirement with this BTC stash, but retirement in age of 32-35 doesn't suit me, which I have mentioned a couple of times.

2. Second is Long Term Aka retirement Stash, which fixed for a minimum 15-20 Years or more and I strictly want to maintain this percentage with at least 40% of my total holding due to my future plans, and it doesn't include any hooker,blow or any material thingy etc. shout out to gang : Not a party pooper though.

With my second stash, I am hoping that BTC is not going to lose its value in the next 15-20 years, but in case it happens, then I am going to act accordingly and look for another option ofcourse. speaking of another options i do have 6-8% of shitcoins in my portfolio though . 0 Bcash.

BTC is first investment of my life but its not the last.

[Paashaas]

This is a fine indicator to follow during bull and bear markets as a trader.



https://twitter.com/ColeGarnerBTC/status/1171160390111072256

I gave you a merit for sharing this chart, but...Let me share my thoughts on this. If you rely to much on this chart to sell your bitcoin, there is a higher chance you won't make it as you may think right now. The are a few reasons for this. If you look at the original site and look at that 2nd chart, you can see that it's very hard to predict the right timing.

Those who watched this chart in the previous bull market 2017/2018 have missed the top and didn't sell at the top! Because it simply did not reached the level of the previous tops!

The second thing, if you want to sell a little bit sooner like it happened at the 20.000 usd, you would miss a lot of potential gains if it continues to the previous top levels.

The third reason why this is gonna be even harder to achieve is that many hundreds if not thousands of new traders will look at this chart to sell. Imagine everyone wants to sell at these levels and no one wants to buy there. What would happen? It wouldn't work. So the best thing you can do is that if you really want to sell at those levels, to sell in a dollar cost average method. Even better if you use this chart only as one of your many indicators combined so you can get more accurate the biger picture. That's the best thing you can do.

+1
I don't give trading advice only tools to work with.

[GreatArkansas]

Any mis- is in your misattribution of ulterior motive to my actions, which causes you to invent things in my writings that are not there.

Huh?  Funny I still see you making misinformation's, and spinning matters.  I did not realize that I was causing it.  

Apparently you are all powerful!

Do you posses these!?!

Lol, I remember the runes of Dota2 online game here.

[Arriemoller]

Fiat currencies. Backed by the military.

I know some of you don't like this, but I just can't hold it in.
Special forces.

[mindrust]

This is what I was telling you about that gold/btc correlation.

Gold is -%0.8 and BTC makes a nosedive. Can't be a coincidence.

Eh, stop looking for meaning in the news and other markets.  It’s just bouncing in the flag.  

Yeah it is probably that. It was just going to happen but somehow I can't stop looking at gold charts.



Critical moments are ahead. We are almost there.

Btw if this goes below $9500 somehow, the price will touch the 137day MA. This will be the first time ever since March 25. (I remember 137D MA was somewhat important for keeping the bull run in place.)

[OROBTC]

there he is

ZH OG

reminds me how much I miss building little stonehenges out of 100oz bars since the boating accident

They tell me there are lots of dangerous lakes there in Europe.  And they're deep.  And the water is so cold, well, I'm afraid any stacks are gone for good.  Pity.  

Maybe taking along precious stuff (inc.  Ledgers with their 24 words) is not such a great idea after all.  But, taking all that stuff along with me has always seemed like a great idea.  Who wants to keep all that in some dark place at home anyway?

[NeuroticFish]

Nobody goes to the seaside after the first weekend in September.  It's considered gauche.

     Then I have to stay silent about the days 25 years ago when I was going in September

I was looking for a good photo to show how Rebel might be getting wifi in a poor village. I googled shithole European town and found a medium article where a guy was talking about going back home to visit where he grew up and facing the fact that he was from a shithole. Didnt read the article but the pics he put in it were gold for my purposes. Kudos for catching the exact place!  

Good old internet. Shows pictures for everything. And yes, I don't go for many years anymore to Romanian seaside exactly because it has become a shithole.

Holy shit man how did you know that hole in the wall! GJ

That grass and trees nobody looks after, the cars parked without logic and the "hotel" names rang some bells. But I had to search a little myself. I've been in that town far too long ago to remember such details.

[Icygreen]

That right there is funny. lol