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

[fillippone]

I see now. If you count unrealized P&L as real, then it's just as you say. I still think it's called UNreal - ized for a reason.

Very funny.
Merited.

[rebal15]

Hey guys, have you ever done some trading on both sides? That is, if you enter Long, do you protect your position in Short with some leverage? This Spanish-speaking Trader did it, the video is from 2018, but it seems to me that the adrenaline he feels is a lot! more when you do it with 100k!

https://i.imgur.com/Xv1Vx5v.png
Source: https://www.youtube.com/watch?v=T7p5UTPNPIs&t=14s


As Jesse Livermore did, it is a way to always be in the market, no matter which direction you are going.

Do you think it is convenient to do it right now in the market? Since the price is expected to increase, but if it falls, protect your position.

Obviously, to do this you have to have a lot of experience and try to suppress emotions to the fullest.

it do not make sense to me. if I buy I expect the price to increase and if I short with leverage I expect the price to decrease.

if I buy one BTC and the same time I short BTC with leverage then if the price will increase my short will get liquidated soon depending on my leverage. if the price decreases my short will get in profit but then it was useless to buy BTC because better buy after the short was closed in profit.

Indeed that strategy has no meaning.
If I buy a bitcoin and then I short a bitcoin I am flat.
If I buy a bitcoin and then I short 2 bitcoin I am short 1 bitcoin (so why getting long a bitcoin in the first place?)
If I buy a bitcoin and then I shott  10 bitcoin I am short 9 bitcoin.... (again..)

This reasoning could be very different if there were options available to trade. But this is not the case.
I dismiss that video as bullshit.

Of course, I don't short bitcoin, but I do sell small amounts of BTC on the way up.   It seems to me that shorting can be employed merely to amplify the system that I already employ; however, such amplification is not so great as to overwhelm the longs including either not using stops, or putting the stops out so far as to have less chances of being manipulated out of the position.

Accordingly, the longs might be something like 10 bitcoin, but the shorts would be less than 2 bitcoins and perhaps even frequently less than 1 bitcoin.  In other words, the shorts are just a small fraction of the longs, and end up providing a kind of insurance against the longs, even while, overall, it would be more profitable for the BTC price to go up, rather than down.   

So, because of dickering around with shorts, there is NOT as much profits from when BTC's price finally does go up, but at the same time, profits are made when BTC's price goes down in a much greater way than merely selling a few BTC on the way up and buying back at lower prices.

whats the hell??
such a confidence. I thought you are a bot.

[LFC_Bitcoin]

Sorry to hear that Bob. I have a good friend who was diagnosed yesterday. Terminal.  Valar morghulis  

Sorry HM, really terrible. I hate cancer

[Gyrsur]

Hey guys, have you ever done some trading on both sides? That is, if you enter Long, do you protect your position in Short with some leverage? This Spanish-speaking Trader did it, the video is from 2018, but it seems to me that the adrenaline he feels is a lot! more when you do it with 100k!

https://i.imgur.com/Xv1Vx5v.png
Source: https://www.youtube.com/watch?v=T7p5UTPNPIs&t=14s


As Jesse Livermore did, it is a way to always be in the market, no matter which direction you are going.

Do you think it is convenient to do it right now in the market? Since the price is expected to increase, but if it falls, protect your position.

Obviously, to do this you have to have a lot of experience and try to suppress emotions to the fullest.

Hedge at the start - Trading System

let's play it simple without leverage just 1 BTC positions in USD.

bid price is 8200
ask price is 8250
spread is 50

you sell (sl -250) at 8250 - from start it equals to -50 in profit
you buy (sl -250) at 8200 - from start it equals to -50 in profit

price goes to 8400 - sell liquidated with -250 profit - buy with +150 in profit
price must go to 8500 to be break-even (w/o fees for both positions)

or

price goes to 8000 - buy liquidated with -250 profit - sell with +150 in profit
price must go to 7900 to be break-even (w/o fees for both positions)

it's kind of break-out system with a range of 500 600 (w/o fees for both positions). there MUST be a range break-out > 300 to be profitable and ranging withing the range will increase the losses every time a sl is hit.

*correct me please if I did a calculation error

EDIT: in my eyes it's a poor system. better you have a range defined and buy above the range and sell below the range because then you will not add several losses if there is no break-out of the range for a specific time.

[Devawnm367]

We should see some BTC highs around the $8400 range,  That is where I would sell. We should then see a correction again to around the $8000 range but it is very possible that we reach lows around the $7800 range. If I was to sell I would put a buy in around the $7800 range. Then I would watch the market. If it seems like a sharp decrease in price I would possibly even wait for the $7500 range.. We will see BTC around the $7500 range atleast 1 more time this week!


My October 5th closing price will be $8642!

[HairyMaclairy]

Sorry to hear that Bob. I have a good friend who was diagnosed yesterday. Terminal.  Valar morghulis  

Sorry HM, really terrible. I hate cancer

Yeah TBH it’s his wife I feel for the most

[teosanru]

I have been posting the 4h chart for a day or two. So here is my daily chart analysis regarding the direction.


Tonight's close is really crucial if you see the RSI. we sort of just edged out of the oversold zone but couldn't hold it and went right down into it again. If until the close of the candle we can get back into 20-80 RSI range then definitely there is a change in trend. Also you can see the MACD histogram going down which means MACD crossover can take place in a day or two but for that RSI needs to close above the 20 mark. We currently aren't exactly bearish but not even bullish. If the close is below 20 & we break the 8000 support then get ready for a shakedown until the edge of this parallel downward channel. which may be somewhere around 6k. All on All currently you can stay out of the market even the 4h chart is somewhat not giving anything the double bottom miserably failed as we break below the neckline. Here is that analysis:
https://bitcointalk.org/index.php?topic=5188889.msg52607399#msg52607399

[Devawnm367]

Sorry to hear that Bob. I have a good friend who was diagnosed yesterday. Terminal.  Valar morghulis  

Sorry HM, really terrible. I hate cancer

Yeah TBH it’s his wife I feel for the most

My moms on Hospice, she has stage 4 COPD and Emphazema, I have a 9 year old daughter. I hate it for her the most. She has no life. We cannot ever just take a trip somewhere as she requires 24 hour care.. I agree I hate it for the wife. It is hard on the family that and bills begin to pile up. It gets really stressful.  

My definition of a vacation is camping or renting a cabin 20 min away from my house. I have to stay close enough in case of an emergency (She falls or something) i can go get her up. I have not been to see my dad 2000 miles away in almost 4 years. I have noone to help me. But I promised I would never put her in a home. So now my daughter and I have to suffer because of it.  I wish him  and his family the best of luck!

[El duderino_]

I made a joke in Dutch.  I am excessively proud of this accomplishment.  

<preface: 6 beers before noon>

If I haven't low-key doxed myself already, my best friend passed early in life, from colon cancer. He was Dutch, and leaves behind a wife and child that we consider close-distant family - Spending American Thanksgiving with his wife and his son, who, for all intents and purposes, will be inheriting a nontrivial fortune upon my passing.

I don't know why I posted this just now.

I think I just really miss my Dutch friend.

No homo.

I always feel for people who have to life with good people/friends etc passing to early in life.....  

I know leaving them won’t make the happy or whatever but the gesture you will make is very kind....
I know there will not be anything that could bring joy in these hard times, but I hope you find some good companion friendship IRL....

You have my best possible thoughts with you and I know many others feel the same way in this place!
Enjoy a small drink @these times and think of the best moments you had with your friend and his family!!!
I hope you will keep having good times and you will keep being a good friend to that family as I’m sure you will be!!

Be good my fried, it’s maybe a small thing, but this Dutch members you can consider to be a friend!

(Also nothing wrong with sharing a thing in here, as I met a few IRL, I know one of the members did shared a thing in here as well and when I met him IRL... I know he had a good feeling we caring about this matters)

micgoossens account hacked or maybe cryptoqueen lost her account.

If you would respond to something that is seriously pity...... then maybe have some kind of respect ....

[LFC_Bitcoin]

STFU rebal15, you absolute ass hat.

[El duderino_]

Life surely not fair...
Wheater gets cold, life is sad.
raising a glass #FRIEND!


@BoB, Hairy and those with some losses or bad news..., haiku effort...

[makrospex]

I made a joke in Dutch.  I am excessively proud of this accomplishment.  

<preface: 6 beers before noon>

If I haven't low-key doxed myself already, my best friend passed early in life, from colon cancer. He was Dutch, and leaves behind a wife and child that we consider close-distant family - Spending American Thanksgiving with his wife and his son, who, for all intents and purposes, will be inheriting a nontrivial fortune upon my passing.

I don't know why I posted this just now.

I think I just really miss my Dutch friend.

No homo.

I always feel for people who have to life with good people/friends etc passing to early in life.....  

I know leaving them won’t make the happy or whatever but the gesture you will make is very kind....
I know there will not be anything that could bring joy in these hard times, but I hope you find some good companion friendship IRL....

You have my best possible thoughts with you and I know many others feel the same way in this place!
Enjoy a small drink @these times and think of the best moments you had with your friend and his family!!!
I hope you will keep having good times and you will keep being a good friend to that family as I’m sure you will be!!

Be good my fried, it’s maybe a small thing, but this Dutch members you can consider to be a friend!

(Also nothing wrong with sharing a thing in here, as I met a few IRL, I know one of the members did shared a thing in here as well and when I met him IRL... I know he had a good feeling we caring about this matters)

micgoossens account hacked or maybe cryptoqueen lost her account.

If you would respond to something that is seriously pity...... then maybe have some kind of respect ....

My dad died from multiple organ failure a few years ago. Since then, i see every death of a closely related person or good friend as a reminder. A reminder of how precious it is to be alive. Sure, there are these feelings. Honest and pure feelings of loss and hurt.
What did you ever dream to do? Do it. You have this one chance.

@rebal15: Real men are able to show their deepest feelings. If you were one, you'd know and respect this.

[El duderino_]

We should see some BTC highs around the $8400 range,  That is where I would sell. We should then see a correction again to around the $8000 range but it is very possible that we reach lows around the $7800 range. If I was to sell I would put a buy in around the $7800 range. Then I would watch the market. If it seems like a sharp decrease in price I would possibly even wait for the $7500 range.. We will see BTC around the $7500 range atleast 1 more time this week!


My October 5th closing price will be $8642!

https://bitcointalk.org/index.php?topic=5188987.msg52609651#msg52609651
^
Take a shot in here and I wish you the best as well...

[Lambie Slayer]

Another life ruined by Shitcoins. Be careful out there Rebel and good luck with your lawsuit.

https://www.dailystar.co.uk/news/world-news/iphone-user-sues-apple-after-20392402

"In a complaint published on Wednesday, Razumilov says he received 69 GayCoins on a cryptocurrency payment app he downloaded onto his iPhone in 2017.

The unknown sender of the coins reportedly wrote a message in English for Razumilov which he interpreted as "don't judge without trying"."

azumilov said in his complaint: "I thought, indeed, how can I judge something without trying it?"

And so, because of this message, he said he began having same-sex relationships.

"I can say after the passage of two months that I'm mired in intimacy with a member of my own sex and can't get out," the complaint continues.

The man has accused Apple of "manipulatively pushing me toward homosexuality", which he says has caused him "moral suffering and harm to mental health"."

[rebal15]

STFU rebal15, you absolute ass hat.

Sincerely, I didn't read BobLawblaw Post. Sorry BobLawblaw.

[El duderino_]

STFU rebal15, you absolute ass hat.

Sincerely, I didn't read BobLawblaw Post. Sorry BobLawblaw.

An excuse is appropriate....  cheers

[rebal15]

I made a joke in Dutch.  I am excessively proud of this accomplishment.  

<preface: 6 beers before noon>

If I haven't low-key doxed myself already, my best friend passed early in life, from colon cancer. He was Dutch, and leaves behind a wife and child that we consider close-distant family - Spending American Thanksgiving with his wife and his son, who, for all intents and purposes, will be inheriting a nontrivial fortune upon my passing.

I don't know why I posted this just now.

I think I just really miss my Dutch friend.

No homo.

I always feel for people who have to life with good people/friends etc passing to early in life.....  

I know leaving them won’t make the happy or whatever but the gesture you will make is very kind....
I know there will not be anything that could bring joy in these hard times, but I hope you find some good companion friendship IRL....

You have my best possible thoughts with you and I know many others feel the same way in this place!
Enjoy a small drink @these times and think of the best moments you had with your friend and his family!!!
I hope you will keep having good times and you will keep being a good friend to that family as I’m sure you will be!!

Be good my fried, it’s maybe a small thing, but this Dutch members you can consider to be a friend!

(Also nothing wrong with sharing a thing in here, as I met a few IRL, I know one of the members did shared a thing in here as well and when I met him IRL... I know he had a good feeling we caring about this matters)

micgoossens account hacked or maybe cryptoqueen lost her account.

If you would respond to something that is seriously pity...... then maybe have some kind of respect ....

My dad died from multiple organ failure a few years ago. Since then, i see every death of a closely related person or good friend as a reminder. A reminder of how precious it is to be alive. Sure, there are these feelings. Honest and pure feelings of loss and hurt.
What did you ever dream to do? Do it. You have this one chance.

@rebal15: Real men are able to show their deepest feelings. If you were one, you'd know and respect this.

Death is natural. You must accept it and move on to other things in life.

[El duderino_]

I have the equivalent of about 50 BTC. Equivalent, because most of my stash is in assorted alts. Some of them are not liquid enough, so I'll have to trade them back to BTC slowly, but I am confident I can get at least 40 if forced to liquidate them all quickly, as in a few days.

50BTC or mostly in alts and still able to get 40BTC out of it..... How is that possible? places I had let us say 1BTC in an ALT = like 0.1BTC in return ?? So if you got them in some real real shitcoin like I had this LUXcoin b*tch sh*t F*** coin that B*ttF***ed the hell out of my initial buying then I know from experience it must be much worse .....

[El duderino_]

Death is natural. You must accept it and move on to other things in life.

Then again a person have feelings and a real man is able expressing those feeling like some just did, when someone expresses them you respond with common feeling and mutual respect, like I do feel with others, if you don't feel with someone then you just STFU and don't respond on them....
Do know everybody works different with losing people or having RL issues ... if they consider to share something in a place like this then we try to help out or be quiet when not intersted, but when we right we show respect and we never insult or anything, if you would ever write something awful happened, I would never be disrespectful or insulting and that counts for anyone, if I like or not like a person... I never wish them the worst in life.

[makrospex]

Death is natural. You must accept it and move on to other things in life.

Yes, if we were machines.
But death also defines life, so it's very important. You must accept the true feelings it brings up in you and then move on to other things in life afterwards. No feelings, no life, mate.