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

[jackbauercsgo]

Back to price analysis....

3.5 month parabolic run at the initial stages of breaking down  

https://www.tradingview.com/x/PtdtsMU7/

And what should we expect from this?

Parabolic breaks almost always lead to

1) Strong retracements back (~85% - 60% if I recall, don't have the stats in front of me atm)

2) Macro trend reversals (think of bitcoin run ups and what happens, like after btc hit $20k)

Yeah, but we have already had our 85% correction down to $3,122.  Remember December 2018?

We are getting another 60% to 85% correction from the $13,880?  That makes hardly any sense.

Now if you were talking about a 60% to 85% correction from some kind of new ATH or something like that, then you might be starting to make some senses.  Perhaps?

In other words, the impression that I am getting is that you are one of those loonies or shills who are spreading disingenuous pie in the sky thinking rather than attempting to grapple with on-the-ground BTC price dynamic realities.

Lol bless your little heart....  you were so quick to lash out, you didn't read the chart right.  It's inverted.  The parabola I'm showing is from ~13.8k to ~7.8k.  I'm suggesting the downtrend is about to macro reverse or at least "pull back" ~60 to 80%.

Personally, I'm guessing it's a macro reversal.  We need to start slow grinding up to the previous ATH over the next ~6 months or history won't repeat itself like the world is expecting. 

[jackbauercsgo]

Also feel compelled to add - so many people show charts of years like 2017 vs 2018 vs 2019, BUT what they should be focused on is halving.  How to the 12 months prior to halving look?  What about the 12 months following halving?  The halving is the real marker, not the calendar dates like Jan 1 to Dec 31.  We are right on track vs historical trends.  Next stop likely $16k to 20k by halving and then a hype/log uptrend the year following.

[Last of the V8s]

Collecting “gold” like it’s 1999 BC. lol

meanwhile

https://twitter.com/RT_com/status/1186620718559182848

everything changed

http://www.hyperstealth.com/

[Hueristic]

https://fortune.com/2019/10/21/stephen-moore-trump-fed-nomination-cryptocurrency-stablecoin-frax/
eh

Frax will be different than those stablecoins because it will rely on a fractional reserve—meaning it won’t be backed by a one-to-one pool of reserve dollars.

[jojo69]

Frax will be different than those stablecoins because it will rely on a fractional reserve—meaning it won’t be backed by a one-to-one pool of reserve dollars.

[El duderino_]

Saving = buying your future.

Going in debt = selling your future.

Bitcoin = the ultimate savings vehicle.


https://twitter.com/misir_mahmudov/status/1186397152869847040?s=20

what do you think about "Going in debt for Bitcoin"
is it buying your future, selling your future or both?

I wouldn't go in debt myself ....... But I think its gonna give me a fine return in the future and as a poker player I won BTC instead of $ and it has been POKER profit + INVESTMENT profit in the same deal .....

Actually one important thing imo is people can't HODL till they die .... one must use its BTC to live with it where they can, HODL some on cold storage and use some for the important things in life (and thats actual living) ..... probably BTC made that more possible for some people as before they where in BTC..... I think BOB is one of the people that really gets that point

[Raja_MBZ]

[MFahad]

Sept-Oct-Nov season in

2019
2018
2017

In 2017, Bitcoin went up

In 2018, Bitcoin went down

Now the multi million dollar question: Where does bitcoin goes in the last quarter 2019 ?

Anybody who says they know is lying. Nobody knows.

So it means the Technical Analysis bot also does not know anything ? Then why is TA been invented. 

[wachtwoord]

?? pretending to be man.

[infofront]

https://fortune.com/2019/10/21/stephen-moore-trump-fed-nomination-cryptocurrency-stablecoin-frax/
eh

Frax will be different than those stablecoins because it will rely on a fractional reserve—meaning it won’t be backed by a one-to-one pool of reserve dollars.

Yeah, Frax sounds like what r0ach thinks bitcoin is.

[Arriemoller]

Sept-Oct-Nov season in

2019
2018
2017

In 2017, Bitcoin went up

In 2018, Bitcoin went down

Now the multi million dollar question: Where does bitcoin goes in the last quarter 2019 ?

Anybody who says they know is lying. Nobody knows.

So it means the Technical Analysis bot also does not know anything ? Then why is TA been invented. 

Because the human mind is programmed to search for patterns even where there are none.

[jojo69]

There are always patterns.

I'm hoping when we get the quantum computers we can decrypt the creek, or the wind in the trees.

[Arriemoller]

It's pretty simple really.
Anyone who knows economics 101 can predict the long term price of bitcoin. If demand is bigger than supply the price will go up, and it is and has been ever since it was invented.
Short term however, it is impossible to predict, You can surf Elliot waves and walk Fibonacci lines and walk around with your head in Ichimoku clouds all day.
Sometimes you will be right, but most of the times you won't.
It's just therapy for the restless who can't lay back and wait for the long time upwards movement.

[Arriemoller]

Maybe I should say "long term price trend"

[Raja_MBZ]

?? pretending to be man.

Gay pretending to be a man.

[jojo69]

Gay pretending to be a man.

Hey now

no reason to disparage fine, upstanding homos like this

[Dabs]

Maybe he's Trans? Not judging. #nohomo

[d_eddie]

Ouch. Another $100 slip.

[modpleasehelp]

Brexit can happen on 31 october and btc rise will come on that day. it is day of bitcoin witepaper and big history for human kind.

possible to see 10k on halloween day  

[Ludwig Von]

Brexit can happen on 31 october and btc rise will come on that day. it is day of bitcoin witepaper and big history for human kind.

possible to see 10k on halloween day  

Not ( x2).