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

[Icygreen]

I see we've touched the 200 MDA today at 9.6K. 
I suspect this isn't going to stop here.  Seems like many expect resistance at 10K so I expect it to be broken just as it has many times before.   

Wow, 1st place in receiving October WO sm merits! Whoop whoop! Thanks everyone and fillipone for compiling and posting the data!  likely a one time honor
 

[Last of the V8s]

seasteading -no
overpriced ranch -no
houseboat?
https://www.youtube.com/watch?v=k58GhBzPJz4 Inside a $5.5M Floating Mansion in Miami | On The Market | Architectural Digest

Very affordable, and practical, too.  Better make sure that you have at least double that amount in your bank, though, before you go out and buy that baby.

lol you are wise beyond your words and a bit sarcastic I suspect. Yeah I'm not in the least interested in it except as a sort of sport - here's what some people aspire to or waste their money on. I can't see any point in investing in any lavish property until after any shenanigans or upheavals caused by bitcoin have settled down.

[OgNasty]

I'm amazed how many people still haven't figured out the 4-year cycle and hang on the daily price movements...  I guess there's some truth to what they say, math is hard.

[Dabs]

Not sure about the sarcastic part, but personally I'd much rather spend the $5.5m on land. I'd look for something below $1m and the rest goes into some fund (which I'd manage) until I figure out what to do with it.

If I did have $11m, I probably still wouldn't buy a $5.5m floating house.

[Raja_MBZ]

~snip~

Poor students. This is how stupid their university is; imagine the outdated syllabus they all must be studying right now.

[makrospex]

blah

Think about it. Imagine some unknown avatar monkey joins a discussion forum to convince you to spend money on doubtful promises to get more money.
Now doesn't that remind you of a certain prince from nigeria?

If you would accept, wouldn't you do this KNOWING you're an idiot?
Nobody is an idiot here.
Well, except r0ach. And the unknown monkey dude.

[LFC_Bitcoin]

I'm amazed how many people still haven't figured out the 4-year cycle and hang on the daily price movements...  I guess there's some truth to what they say, math is hard.

Og, I’d be interested to get your prediction of a top for the next parabolic pump & an estimated date.

I think $100,000 plus in Q4 2021.

[ChinkyEyes]

OT: https://www.cnbc.com/2019/11/04/study-single-anonymous-market-manipulator-pushed-bitcoin-to-20000.html

Funny that this hit piece was designed to discourage people from buying Bitcoin. But instead (whether true or not) it's actually a positive.

If this happened with supposedly just one manipulator, just imagine what would happen next time with "multiple" deep pocket manipulators? Perhaps hundreds? Lol

#getinb4moon

When I was reading that article I was thinking of all the times R0ach was spewing that shit in here lol,
for a brief moment I thought they interviewed him.

Nevertheless we all know tether and bitfinex are up to some shady shit, just another day in crypto. Grab some popcorn and watch that beautiful green thick dildo rise up.

[realr0ach]

Guys, At a SIMS convention At the Symbiosis International University a fake Satoshi appeared, named Jorg Molt where he was introduced as the "co-founder of Bitcoin."

Why would anyone want to be known as the founder of the biggest Ponzi scam ever created?

[dragonvslinux]

Currently testing the descending triangle resistance on the 4 hr, therefore next hours candle close will be important.
Bare in mind the 1 hr will be on a TD 9 so don't be surprised by any big price moves...



Please note, I'm not getting "rekt" at the moment. This was a neutral call due to the 200 Day MA support invalidating the bearish setup for me.
I'm posting this for benefit of seeing if we invalidate the bearish pattern of a descending triangle, and return to the classic bull flag.

"Please note, I'm not getting "rekt" at the moment."

Good for you. 


I am also going to note that you should not be relying too much on stupid-ass charts that attempt to treat bitcoin as if it were a mature asset and fail and refuse to incorporate either bitcoin's currently low level of adoption and underlying s-curve exponential components that bias UPPITY rather than other scenarios (such as flat or downity).

In other words, TLDR, you deserve to get rekt (even if you are not) if your chart relies on too many incomplete presumptions.   

Too many assumptions, not enough logic. FYI my trading account is only ever 10-15% of my BTC holdings, so go figure 
If I get "rekt", is because my BTC hodl is going up. If I win, it's because I'm losing overall BTC value.
Some people 

Hey.  Fair enough if your trading portion is only 10-15% of your total holdings.  That is decently prudent, so I find difficulties criticizing you on that aspect.

Your remaining assertion about the meaning of "getting r3ckt" is quite a puzzle.    You seem to be trying to suggest that either there is NO way for you to get r3ckt or that getting r3ckt means something other than a traditional understanding of it.

I do agree that if you are trading with ONLY about 10-15% of your total holdings then it becomes quite difficult to get r3ckt in any traditional understanding of the r3ckt concept.

Now, get out there trooper, and trade some BTCs!!!!!!!!!  That's an order.   

You're right it's possible for me to get r3kt™, probably from fakeouts where I was in the right short trade but got tapped out at a loss prior to my hodl position continuing to lose money after I've lost my hedge. When it comes to bull traps I generally try and avoid them, as if I'm already 85-90% long, I don't want to increase my risk. It's worth considering though.

This probably explains my natural trading bias to some degree, maybe my TA requires a disclaimer because of it. But ultimately I apologize for being the pessimistic bull, that by your standard deserves to get rekt™, but so far hasn't and is otherwise unlikely to happen due to position sizing, risk management and generally avoiding bull traps. The only way I will get truely rekt™, is if BTC goes below $4K. Then I iz a r3kt™ moonboy like any other post-2017 moonboy hopes and dreams getting r3kt™ r3kt™ r3kt™.

To let you down even more, I won't be going out there to trade any satoshis, I'm avoiding buying resistance that's a big open space of bull trap, as well as avoiding any foolish bear traps wicking under the 200 Day MA. I'm remaining neutral, believe it or not. Even if I'll retain my bearish bias regardless of lack of confirmation.

Just got a new job to start dollar-cost averaging though, hope that makes you feel better.

[realr0ach]

OT: https://www.cnbc.com/2019/11/04/study-single-anonymous-market-manipulator-pushed-bitcoin-to-20000.html

Funny that this hit piece was designed to discourage people from buying Bitcoin. But instead (whether true or not) it's actually a positive.

If this happened with supposedly just one manipulator, just imagine what would happen next time with "multiple" deep pocket manipulators? Perhaps hundreds? Lol

#getinb4moon

When I was reading that article I was thinking of all the times R0ach was spewing that shit in here lol,
for a brief moment I thought they interviewed him.

Nevertheless we all know tether and bitfinex are up to some shady shit, just another day in crypto. Grab some popcorn and watch that beautiful green thick dildo rise up.

You have overlooked the real issue here.  CNBC is just a Jewish occupied government mouthpiece, so they already know EXACTLY WHO this single entity is controlling the price at Bitfinex.  Why do they pretend not to know??? Governments easily already have this information.

Bitfinex should have been shut down LONG AGO for all the fraud and bullshit they've done.  They literally did the exact same thing as MtGox, traded with customer funds, then imploded, steals all customer deposits, then just reopened like nothing ever happened, and nobody goes to jail at all.  Why does every government on earth refuse to touch them?  These are the questions you should be asking.  Hell, maybe they even want Bitcoin to become a giant bubble based on fraud on purpose, then cause it to implode and say "Oh, see, Bitcoin went to zero and this is why we need IMFCoin run by international Jews to stop anyone from losing money in unregulated markets."

[LFC_Bitcoin]

When you’re balls deep in physical metals & bitcoin pumps

[dragonvslinux]

Now, get out there trooper, and trade some BTCs!!!!!!!!!  That's an order.    

My bad, I'm waiting for confirmation, but planning to short the bullish broadening wedge with a tight stop loss if that's ok with you?
If you could confirm within the next 96 minutes before the close it'd be appreciated  
I drew this chart just for you. To show you that we're in a bullish pattern, but I still want to short it  



I'll long again at the 200 Day MA (the support trend-line) I promise 

[erre]

OT: https://www.cnbc.com/2019/11/04/study-single-anonymous-market-manipulator-pushed-bitcoin-to-20000.html

Funny that this hit piece was designed to discourage people from buying Bitcoin. But instead (whether true or not) it's actually a positive.

If this happened with supposedly just one manipulator, just imagine what would happen next time with "multiple" deep pocket manipulators? Perhaps hundreds? Lol

#getinb4moon

Free full text:

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066

I have not the knowledge to review the methodology, but tether were for sure a balloon full of shit. I hope it already exploded.

[realr0ach]

When you’re balls deep in physical metals & bitcoin pumps

You know I've already won when people like Anonymint have no logical argument whatsoever and are resorting to obscure bible verses to claim digital shitcoins will defeat metals saying "people will throw their gold and silver into the streets just as the bible says".  I don't know about you, but I damn sure haven't seen anyone throw any gold into the street lately.



If you were to actually take this citation as fact, it clearly points to a group seeped in iniquity and is likely not even referring to the future, but an already past event.  If you think it applies to the future, unless you think everyone on earth is some living embodiment of Sodom and Gomorrah, this quote would clearly point to an evil group like the Jews, or cryptojew Jamie Dimon who has been cornering metals.  The quote clearly does not apply to the world as a whole, only to a group of wrongdoers.  It seems to point out that the world will come for the evil cult of Judaism and cryptojews like Dimon and no amount of money will save them.

[Raja_MBZ]

OT: https://www.cnbc.com/2019/11/04/study-single-anonymous-market-manipulator-pushed-bitcoin-to-20000.html

Funny that this hit piece was designed to discourage people from buying Bitcoin. But instead (whether true or not) it's actually a positive.

If this happened with supposedly just one manipulator, just imagine what would happen next time with "multiple" deep pocket manipulators? Perhaps hundreds? Lol

#getinb4moon

Credits: https://twitter.com/robustus/status/1191391796171018244

[LFC_Bitcoin]

When you’re balls deep in physical metals & bitcoin pumps

You know I've already won when people like Anonymint have no logical argument whatsoever and are resorting to obscure bible verses to claim digital shitcoins will defeat metals saying "people will throw their gold and silver into the streets just as the bible says".  I don't know about you, but I damn sure haven't seen anyone throw any gold into the street lately.



If you were to actually take this citation as fact, it clearly points to a group seeped in iniquity and is likely not even referring to the future, but an already past event.  If you think it applies to the future, unless you think everyone on earth is some living embodiment of Sodom and Gomorrah, this quote would clearly point to an evil group like the Jews, or cryptojew Jamie Dimon who has been cornering metals.  The quote clearly does not apply to the world as a whole, only to a group of wrongdoers.  It seems to point out that the world will come for the evil cult of Judaism and cryptojews like Dimon and no amount of money will save them.

I actually have nothing against gold or silver, they’re both pretty solid investments. I just prefer most of my money in bitcoin, it hasn’t served me wrong thus far.

[Biodom]

I'm amazed how many people still haven't figured out the 4-year cycle and hang on the daily price movements...  I guess there's some truth to what they say, math is hard.

Although i agree with this thesis, but it is still unclear if it is as absolute as, say, spring/summer/fall/winter cycle caused by the tilting of the earth axis as it rotates around the sun OR a loose correlation that would eventually have diminishing effects. My take is that it still matters, but eventually it would not, or matter much less.
Some people (not me) might surmise that the 4-year cycle effects are already small. We shall see, but a cycle that is out of whack would distort the trend.
We almost went there this June.

[realr0ach]

"4 year cycle" is just a synonym for claiming that it's impossible for there to be a mining bubble and the artificial scarcity event known as the halving will always make the price go up and make miners profitable, and no miners will ever have to shut off.  If you claim the price will automatically go up every halving, then that would automatically make Bitcoin a Ponzi scam.  So which one is it, kids?  Is Bitcoin a Ponzi scam or not?

[El duderino_]

https://bitcointalk.org/index.php?topic=5193860.msg52984084#msg52984084

I think this is my favorite of the 10 years BTCT challenge