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Question: When will we see a new ATH? (Credit to: Biodom)
2019 - 14 (8.9%)
Early 2020 - 35 (22.2%)
Late 2020 - 47 (29.7%)
Early 2021 - 14 (8.9%)
Late 2021 - 25 (15.8%)
2022 - 4 (2.5%)
2023 - 0 (0%)
2024 - 4 (2.5%)
After 2024 - 3 (1.9%)
Never - 12 (7.6%)
Total Voters: 158

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21431278 times)
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November 09, 2019, 04:24:54 PM
Merited by ssmc2 (1), jojo69 (1), psycodad (1)

BE SAFE AND FOLLOW ME TO BECOME PROFITABLE AND STAY AHEAD OF THE CURVE.

Shut up, faggot.
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November 09, 2019, 04:30:16 PM
Last edit: November 09, 2019, 04:54:54 PM by JayJuanGee
Merited by Majormax (1), LUCKMCFLY (1), Bitcoinaire (1), Cryptotourist (1)

[edited out]
Biases aside, that is a very bad long term chart (technically, having marked out a high  at 19500 , hard resistance at 13500 and then even more sharply at 10500 : 3 descending tops), as I said at the time. Any chartist worth their salt would be calling a long decline. If it was a stock, it would be a 'short to zero'.  

I find troubles in your framing of three tops and even a descending tops.  Yeah of course, you are accurate in a sense, but your framing seems to want to imply the outcome rather than really accounting for more zoomed out and better framework.

The reality of the matter is that you are describing three blow off tops rather than hard resistance.

Surely, I will concede that I did not believe $19,666 to have been a blow off top because I thought that there was still plenty of ability to go up; however, retrospective (passage of time) assessment does allow more ability to appreciate $19,666 as a blow off top.   In other words, that is not the resistance that you are describing it to be.   What the fuck do you expect?  The BTC  price to just keep going up forever?  At some point we had to run out of buying power and support.   Think about the context, Majormax.  We had about a one year decline from late 2013 to 2014 and then another near year of being largely stuck at such bottom before recovery started in late 2015.  Furthermore, we really could not meaningfully appreciate such recovery until about mid-2016, and we did not reach previous ATH until early 2017, which was more than 3 years after our previous ATH.  

So really we should recognize that the bull run that started in late 2015 started out very gradually and got stuck a few times throughout its 2 year course, and had a gradual increasing slope that really started to crescendo in the last few months from August to December 2017.  By the time that we got to August 2017, hopium was building in the bitcoin air, and the resolution of the various bitcoin hardfork challenges within the bitcoin community in favor of bitcoin, rather than the challengers seemed to have helped push some of the euphoria - along with the money coming into the various scam projects in the space that was largely just riding on the coattails of bitcoin's successful ability to stave off various kinds of centralization and integrity of the immutable vision attacks.  

So fuck that, Majormax.  I would not be ascribing failure to break resistance to the $19,666 top, just as it is almost equally misguided to attempt to describe going above $13,880, as if it were some kind of major failure event... What the fuck, Majormax?  Again, do I need to describe bitcoin price history to you?  We both have the charts in front of us.

After December 2017, we had a major ass BTC price correction, and none of us really knew how far down the BTC price correction was going to go.  The immediate correction down to $6k in February 2018 and the continued failed attempts to go significantly below $6k between February 2018 and November 2018, contributed to greater confidence (subsequently found out to be incorrect) that $6k was going to be the bottom for the correction, so yeah its November/December breach down to $3,122 caused a decent amount of pessimism, and nearly as great of a surprise came the April-June 2019 recovery from $4,200 to $13,880.  

The three month recovery was a bit much too.. which should reasonably imply unsustainability.  So you have two price bouts of excited irrational exuberance that you are latching onto in order to attempt to make your case, Majormax.. but you are not done with your latching onto silly ass events to attempt to prove your bear case

Now, you are latching onto a price point of $10,313 that is reflected in a 42% price spurt in a 12 hour period (on October 25), and you are suggesting that to be a failure too.

It get's a lot more difficult to take you seriously, Majormax, when you are ascribing failure to bitcoin success events.  Yeah, the BTC price did not break through, but those three examples show bitcoin life rather than failure, and also likely signifies that folks better be holding onto their britches and holding onto their coins rather than getting shaken out by extreme price movements and even misreading bullish positive BTC price movements as if they were negative events.



It is well established on this board that we ignore classic chart signals because BTC is 'different',

We are not ignoring classical price chart signals for shits and giggles.  We are doing it because not only is bitcoin different, it is not yet mature, so attempting to assign too god damned much maturity onto bitcoin is going to cause you to get reckt when you are attempting to bet on downward when there remains so much ongoing upwards pressures on bitcoin, and we can never really be sure when the ongoing upwards BTC price pressures is going to result in an upwards explosion..  Sure such upwards BTC price explosion might not be sustainable, but it still tends to punish the fuck out of shorters, especially those playing around with margin, and also frequently causes ordinary "smarter than thou" traders to sell way too many BTC way too early and they end up waiting and waiting and waiting to buy back below their sell price that never ends up coming.

but if Peter Schiff is to properly adhere to his own disciplines, he is consistent and correct.

He is NOT correct.  He is failing and refusing to recognize the proper asset, and yeah, if he were referring to a shitcoin, then of course, Peter Schiff would be correct, but bitcoin is not a shitcoin, so he is mis-ascribing the wrong asset class to it... and therefore, he is applying the wrong chart analysis.  So who gives a fuck if Schiff would have been correct if he had gotten the asset class correct?  The point still remains that he is wrong as fuck to be applying the wrong chart to bitcoin, even if it would have been the right chart if he had picked another asset class.  So, saying Schiff is consistent, correct and blah blah blah so wonderful is almost as non-sensical to say that Roach is correct for selling all his coins in the $700 price range.  I am not sure which one is stupider?  Schiff for consistently never getting into bitcoin or roach for getting in and making some money and then continuing to hope that BTC goes down below $700 so he can buy back in?  They are both incredibly amazingly stupid fucks that relate to each other, but have slightly different bearish on bitcoin stories.  

I understand that your claim, Majormax, is that you do not trade in regard to your ongoing bearish propositions, and you are supposedly just attempting to "protect" BTC HODLers from becoming too optimistic, but you are also likely talking a lot of BTC HODLers out of their coins and convincing other would be bitcoin accumulators to wait for supposedly lower priced BTC that never ends up coming.

I guess I remain a bit befuddled by your ongoing and consistent overly proclamations of bearish BTC price scenarios, and if people do as you do rather than do as you say, wouldn't you be suggesting them to buy?  Or would you be suggesting that they wait?  Surely there are a lot of people who did not buy BTC years back and establish their BTC positions years back.  The vast majority of peeps did not buy BTC years back, and even folks like me who have decent BTC positions, still might consider from time to time to stack a few more sats with new money rather than money that is already in the system.  There are plenty of folks who have way the fuck fewer BTC than me, and therefore, they have to decide what to do.  I know that I am suggesting to just keep buying on a regular basis and buying on dips even if they believe that the price might go lower to regularly continue to buy BTC, otherwise they might unwittingly get left out at some point, and no one wants to get roached (except perhaps peeps like roach who already got roached and are just striving to justify their dumbass earlier behavior retrospectively).
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November 09, 2019, 04:32:19 PM



Mic just spotted a Whale-Writer

Btw have a +WO-merit, currently out @jjg
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November 09, 2019, 04:36:05 PM

Watching Spurs-Sheffield again full BTC advertisement on the side at the game.... just love to see those banners
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November 09, 2019, 04:41:55 PM

Bitcoin - The lies! Learn to get the truth out of the charts




The death cross is here to claim its victim. You can look at a chart and not get much out of it or you can truly try to get the truth behind what the whales and algos want you to believe. You will be extremely successful once you can see the true intention of the market beyond the lie that it is trying to convince you of.

The fact is that we needed a reset to a great "Buy" zone, at least that's the only way I am jumping in. I am a client at 7K or $4500. Your best bet is to continue to sit and wait. Our strategy is to find a low risk / high reward opportunities and milk it. The two opportunities that I see right now are marked with bright green X's on the chart.

DONT FORGET TO FOLLOW ME AND HIT THE LIKE BUTTON.

WHAT WAS HAPPENING THIS WEEK?
BTC was trying to fool you. You always want to find those little battlegrounds to see which side has the momentum, YOU HAVE TO DIG THE TRUTH OUT OF THE CHART. Right now the bears have it, it shows in that it is easier to go down than up. At this point, BTC has to be pumped up constantly and if not, it starts to range and then falls. Rewind to yesterday, the chart below shows the 6H timeframe and that triangle showed that after ranging sideways for a while BTC was going to fall. It's had a tough time going back over the 50MA so the signs of this big drop were there even though we were looking at a bull flag . I want you to pay attention here: The whales/Algos whatever you want to call them were printing a perfect bull flag (which for those that believe chart patterns it means we are going up), and I guarantee you that a lot of traders fell for it. Just as this flag was in the process of printing it was obvious that we were going down, why? because a reset is needed before we move up, and the next move up will be very strong so it needs a big dip before it happens. So what's next for BTC? It will take a rest at around $8500.



So as simple as I can put it, what were the signs that this bull flag was a trap?
1 We are under a Death Cross
2 We are on a secondary downtrend
3 We have not made a higher high in a long time
4 Volume is down
5 We are in the middle of nowhere, it makes little sense to take off from here

We are even under a death cross on the Crypto Total Market Cap




When would it be a good time to jump in? Very simple.
If we hit complete bottom (Mother of all buy zones)
If we hit the Optimal buy zone
If we exit the downward channel .

THE TREND: Going Down, we have not made a new higher high
THE OUTLOOK: Expected to go down, surprising if it goes up.
BE SAFE AND FOLLOW ME TO BECOME PROFITABLE AND STAY AHEAD OF THE CURVE.

from source: https://www.tradingview.com/chart/BTCUSDT/znSa6n84-Bitcoin-The-lies-Learn-to-get-the-truth-out-of-the-charts/





7k is very possible. before we go up to 8.5k. I think 2019 ends around 8-9k but we could get below that in between.

Then 2020 first semester will be pretty quiet, nothing exciting, until second half of 2020 when the price will skyrocket to 20k.

My best advice right now would be to do nothing, watch the price everyday, wait. If it goes down to 7k, wait again, if at the end of the year it goes back up to 8k then buy the most you can.
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November 09, 2019, 04:47:43 PM

^
First 7 then 8.5 but but .... we are at 8.7-ish now??

I must be drunk?

Naaah not possible, still need to leave the house....
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November 09, 2019, 04:49:40 PM

^
First 7 then 8.5 but but .... we are at 8.7-ish now??

I must be drunk?

Naaah not possible, still need to leave the house....
What is so difficult to understand about the price going down to 7k, let's say at the end of the month, and in December it goes back to 8-8.5k?
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November 09, 2019, 04:56:23 PM

^
First 7 then 8.5 but but .... we are at 8.7-ish now??

I must be drunk?

Naaah not possible, still need to leave the house....
What is so difficult to understand about the price going down to 7k, let's say at the end of the month, and in December it goes back to 8-8.5k?

7k is very possible. before we go up to 8.5k
^
was just weird when we are already higher atm, I would have understand more..... 7k is very possible. before we go up to 9k or something...

 Grin Tongue
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November 09, 2019, 04:59:58 PM

Bakkt made a new Record Today with 1,756 Bitcoin Futures Contracts

https://twitter.com/RedditBTC/status/1193201235878449152?s=20

In 2015/16 people were saying that bitcoin would never have another bullrun like it had in 2013.

Then it went from $200 to $20,000.

In 2018/19 people were saying that bitcoin will never have another bullrun like it had in 2017.

Then it went from $3,000 to $

To be continued..

https://twitter.com/CryptoBull/status/1193187142610116608?s=20

Price movements below ATH have only been a distraction to shake you out before a new ATH.

https://twitter.com/CryptoBull/status/1193183422459654149?s=20

Indeed said very well, to many are afraid of some price moments, people have to much lack to make some research and learn about stuff, only follow others whiteout knowing sheeeeeeit ....
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November 09, 2019, 05:27:17 PM
Merited by BobLawblaw (1)

Good morning Bitcoinland. Welcome from sunny Playa del Carmen.

Did it again. Landed here Thursday and the price immediately fell by $500... currently. $8777usd/$11611cad (Bitcoinaverage).

Sorry folks. I really have no control over this shit.

I'll be flying back up around December 1. Hopefully it'll go back up by then.
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November 09, 2019, 05:34:02 PM
Merited by Icygreen (1)

Playa del Carmen
Commemorative price drop
#jimbotoronto
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November 09, 2019, 05:39:26 PM
Last edit: November 09, 2019, 05:55:48 PM by JayJuanGee
Merited by fillippone (1)

...And a new competitor enters the race there with raw posting an offering he describes as new and promising lol. Will he catch up with the real professionals like fillipponne with his cheeky same page repost from last night of raja news, or his not one but two reposts of V8 stock2flow related blablah over the past couple weeks, or indeed raja himself who has quietly built up a rep for himself as a master of this general game you, some of you, seem to like to play of not reading the thread, pretending it's a good thread and posting already discussed to death or decidedly uninteresting material in the vain hope of scoring a merit, looking clever, or being liked?

Damn you v8
well I'll be d++++d. Would you mind not cussing in this august thread, people come here to post important T and F A, not see your unedited Tourette's spew

Look who got up on the wrong side of the bed.

 Shocked


<...>
Will he catch up with the real professionals like fillipponne with his cheeky same page repost from last night of raja news, or his not one but two reposts of V8 stock2flow related blablah over the past couple weeks,
<...>

Yeah, apologies, that post was totally a duplicate of a post I missed a few rows above.
Removed.
Double post of S2F, not sure what you are speaking of.

This thread moving so fast, of my head is moving so fast, I often cannot accurately monitor what's has been posted yet or If I already posted: more than one time I had to check several time because a post I though it was days back, it was only hours earlier.

Sorry for that.
thanks for pointing out.

f.

Between reading V8's post and your post, fillippone, I found a current status image of V8, which I add here for your ease of reference.



In other words, Pro tip:  Never take a temperature tantrum too seriously.

 Cheesy Cheesy Cheesy Cheesy



Mic just spotted a Whale-Writer

Btw have a +WO-merit, currently out @jjg

I am so embarrassed to have been spotted.  Might be my turn to throw a TT.   Wink
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November 09, 2019, 05:53:27 PM

BE SAFE AND FOLLOW ME TO BECOME PROFITABLE AND STAY AHEAD OF THE CURVE.

Shut up, faggot.
LOL who is this guru 😜

Good morning Bitcoinland. Welcome from sunny Playa del Carmen.
Good afternoon from here.
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November 09, 2019, 07:03:40 PM

Last, cheeky bump:

This is my Merit Source application thread:


I do hope you can support it with a comment, a merit, both. Whatever you think is appropriate is ok also for me!
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November 09, 2019, 07:11:22 PM

$15 million: Bakkt Bitcoin Futures Daily Trading Volume Hits New High..

Quote
While bitcoin’s price fell below $9,000, users were active in trading futures, pushing the exchange to its most recent milestone.





Quote
However, Bakkt gained traction at the end of last month as the price of BTC made a resurgence, leading to a 250% jump in volume on Oct. 25.

Source: https://www.cryptoglobe.com/latest/2019/11/bakkt-bitcoin-futures-trading-volume-hits-new-all-time-high/

Via Twitter:@Bakkt

                 @BakktBot
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November 09, 2019, 07:14:24 PM

Oh no! Not Bakkt again! This is going to trigger V8!
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November 09, 2019, 07:16:29 PM
Merited by LFC_Bitcoin (2), BobLawblaw (1)

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Cheers and have a fine weekend brothers of the Wall

Keep spending time with loved ones Smiley

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November 09, 2019, 07:32:13 PM

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Cheers and have a fine weekend brothers of the Wall

Keep spending time with loved ones Smiley



Loved ones, you mean the drinks?
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November 09, 2019, 07:40:17 PM
Merited by BobLawblaw (2)

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Btw took this at home in my front yard

Is this what bitcoinpshyco is taken??

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It’s a big F***er


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November 09, 2019, 07:41:22 PM

Bitcoin - The lies! Learn to get the truth out of the charts




The death cross is here to claim its victim. You can look at a chart and not get much out of it or you can truly try to get the truth behind what the whales and algos want you to believe. You will be extremely successful once you can see the true intention of the market beyond the lie that it is trying to convince you of.

The fact is that we needed a reset to a great "Buy" zone, at least that's the only way I am jumping in. I am a client at 7K or $4500. Your best bet is to continue to sit and wait. Our strategy is to find a low risk / high reward opportunities and milk it. The two opportunities that I see right now are marked with bright green X's on the chart.

DONT FORGET TO FOLLOW ME AND HIT THE LIKE BUTTON.

WHAT WAS HAPPENING THIS WEEK?
BTC was trying to fool you. You always want to find those little battlegrounds to see which side has the momentum, YOU HAVE TO DIG THE TRUTH OUT OF THE CHART. Right now the bears have it, it shows in that it is easier to go down than up. At this point, BTC has to be pumped up constantly and if not, it starts to range and then falls. Rewind to yesterday, the chart below shows the 6H timeframe and that triangle showed that after ranging sideways for a while BTC was going to fall. It's had a tough time going back over the 50MA so the signs of this big drop were there even though we were looking at a bull flag . I want you to pay attention here: The whales/Algos whatever you want to call them were printing a perfect bull flag (which for those that believe chart patterns it means we are going up), and I guarantee you that a lot of traders fell for it. Just as this flag was in the process of printing it was obvious that we were going down, why? because a reset is needed before we move up, and the next move up will be very strong so it needs a big dip before it happens. So what's next for BTC? It will take a rest at around $8500.



So as simple as I can put it, what were the signs that this bull flag was a trap?
1 We are under a Death Cross
2 We are on a secondary downtrend
3 We have not made a higher high in a long time
4 Volume is down
5 We are in the middle of nowhere, it makes little sense to take off from here

We are even under a death cross on the Crypto Total Market Cap




When would it be a good time to jump in? Very simple.
If we hit complete bottom (Mother of all buy zones)
If we hit the Optimal buy zone
If we exit the downward channel .

THE TREND: Going Down, we have not made a new higher high
THE OUTLOOK: Expected to go down, surprising if it goes up.
BE SAFE AND FOLLOW ME TO BECOME PROFITABLE AND STAY AHEAD OF THE CURVE.

from source: https://www.tradingview.com/chart/BTCUSDT/znSa6n84-Bitcoin-The-lies-Learn-to-get-the-truth-out-of-the-charts/



Are these your charts? If not, why are you posting this nonsense?
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