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

[LFC_Bitcoin]

who let the bears out?

Camera recorded bear escape:

COMING SOON.....

[Lauda]

Every time we dip a bit stronger than usual, most of WO is scared shitless with their "reasonable" worst-case bullshit estimates. So disappointing, especially given the size and history of the thread.

I see no panic around. Do you?

Right, and stuff like "no movement till 2024 halving" is a rational opinion or assessment after such a dip? It's fear and panic disguised as staying calm. Maybe I made the mistake of assuming that the average person here is smarter than a monkey?

"No new ATH" is not equal to "no movement", unless you consider 2x or even 3x ups and downs as "no movement". The problem is not the current dip, but the trend. The end of the cyptowinter is not confirmed and, unfortunately, past performance is no guarantee of future results.

All of what you said confirms what I mentioned prior. There is no "winter", just inexperienced bears trying to use old-world TA on the new world and hope they see a few lines. Pathetic really, but I guess if you got nothing better to do it is what it is.

[Alexander_Z]

This is also possible. Hope for the best (planning to hold most of my coins for a long time), but prepare for the worst (thinking about trading for quicker gains).

I don't think there'll ever be the same expansion in infrastructure meeting the same reduction in production again. It could well be a golden one off.

Probably, at least for a couple of coming decades or so.

[Yaplatu]

Source Twitter : @daaniyaan

[Bossian]

Every time we dip a bit stronger than usual, most of WO is scared shitless with their "reasonable" worst-case bullshit estimates. So disappointing, especially given the size and history of the thread.

I see no panic around. Do you?

Right, and stuff like "no movement till 2024 halving" is a rational opinion or assessment after such a dip? It's fear and panic disguised as staying calm. Maybe I made the mistake of assuming that the average person here is smarter than a monkey?

"No new ATH" is not equal to "no movement", unless you consider 2x or even 3x ups and downs as "no movement". The problem is not the current dip, but the trend. The end of the cyptowinter is not confirmed and, unfortunately, past performance is no guarantee of future results.

All of what you said confirms what I mentioned prior. There is no "winter", just inexperienced bears trying to use old-world TA on the new world and hope they see a few lines. Pathetic really, but I guess if you got nothing better to do it is what it is.

Time will tell of course, but it's funny how you refute the relevance of technical analysis when just two weeks ago many traders predicted a down trend with the support at 6.4k, and guess what the support is 6.4k is real. It clearly shows today. It's not imaginary stuff. It's pure fact.

I am not talking about these bearish predictions based on nothing, but these short term bearish predictions based on facts.

10 days ago I wrote a post to advise selling around 8.X and buy back below 7k. Then I said I would buy again (I just did at 6870) as I am confident the price bounce back from there.
This was purely based on TA and nothing else. There are a lot of experienced traders predicting this 7k price for like 2 or 3 weeks now. It happened just like they said. But by reading your post it seems nothing can convince you that TA can be relevant. On the other hand, a simple "to the moon" analysis can convince many. The irony....

[Alexander_Z]

All of what you said confirms what I mentioned prior. There is no "winter", just inexperienced bears trying to use old-world TA on the new world and hope they see a few lines. Pathetic really, but I guess if you got nothing better to do it is what it is.

Almost two years of mostly under 10k (and months under 5k) after 20k spike is no winter? That is an interesting point of view...

[Bossian]

All of what you said confirms what I mentioned prior. There is no "winter", just inexperienced bears trying to use old-world TA on the new world and hope they see a few lines. Pathetic really, but I guess if you got nothing better to do it is what it is.

Almost two years of mostly under 10k (and months under 5k) after 20k spike is no winter? That is an interesting point of view...

To be fair, many Bitcoin holders are hoping for a nice profit in 5 or 10 years from now. It's possible, I think 2 years is small, from what I can imagine 2020 will be poor, but 2022-2025 could be very good. I will myself keep a bit of BTC and also some ETH just in case.

But short term TA is relevant, it proved many times, that was my point.

[Bossian]

This is post #1:





The irony when we see some posts in this thread blaming the use of TA.

[xhomerx10]

This is post #1:





The irony when we see some posts in this thread blaming the use of TA.

 Let it go man; that attitude will age you prematurely.  This thread has morphed into a community-based, semi-autonomous chat board - the initial post has historical value only.  There's only one rule in here and I can't, for the life of me, remember it.

[JimboToronto]

Good morning Bitcoinland.

I see we're back up over $7k after a nice dip down to $6.5k.... currently $7220USD/$9605CAD (Bitcoinaverage).

Another lovely buying opportunity missed because of being in the jungle. Oh well. Sigh.

[Bossian]

This is post #1:





The irony when we see some posts in this thread blaming the use of TA.

 Let it go man; that attitude will age you prematurely.  This thread has morphed into a community-based, semi-autonomous chat board - the initial post has historical value only.  There's only one rule in here and I can't, for the life of me, remember it.

I am actually totally fine with that and not upset at all. However it's still a fact that this forum section is called "speculation" therefore all kind of speculations should be allowed without being called "pathetic" especially when they end up being accurate.
I am not sure it is very productive to keep writing "to the moon" page after page without backing it with some analysis.

[Findingnemo]

who let the bears out?

Camera recorded bear escape:

Ohh no its a bear trap.
Price of bitcoin swings between below 7K and above 7K for a while, Christmas is getting nearer so what we got as present this year? At least $8K.

[LUCKMCFLY]

This analysis is under Wyckoff's theory, according to a smaller fractal, the bullish trend phase is likely to begin to be fulfilled ...
 we can expect that we can expect a price recovery.


https://twitter.com/TradingCryptoES/status/1198952523207454721

The tweet is of Hispanic origin, but the market view is interesting ..

[Last of the V8s]

You new guys can safely ignore Lauda. She's grumpier than usual - not getting any dick as theymos has been busy on anniversary celebrations.

[LFC_Bitcoin]

You new guys can safely ignore Lauda. She's grumpier than usual - not getting any dick as theymos has been busy on anniversary celebrations.

Time for you to step up, V8.

[Last of the V8s]

You new guys can safely ignore Lauda. She's grumpier than usual - not getting any dick as theymos has been busy on anniversary celebrations.

Time for you to step up, V8.

There are not enough blindfolds in this world.

[AlcoHoDL]

Hu guys! I have a big respect for all who post here!!! I am a new generation honey badger and learned a lot from you! I am contemplating to take a bank loan equal to 2 year salary. My bank has some good  5 year credits (about 12% interest for the whole period). Even if the price falls to the 3100 bottom, it will recover soon, I have no worries about that. This is probably the last chance to increase my stash with several whole coins before the halving.

P.S. My friends who were afraid to buy at 3100 earlier this year, are now planning to invest serously. Bull sign that good times are ahead!

Welcome to WO!

BTW, there's only one real Honey BTCadger. And he's in a Tesla cruising in outer space. Here's a pic of where he'll be in a couple of years:  

[El duderino_]

This is post #1:





The irony when we see some posts in this thread blaming the use of TA.

 Let it go man; that attitude will age you prematurely.  This thread has morphed into a community-based, semi-autonomous chat board - the initial post has historical value only.  There's only one rule in here and I can't, for the life of me, remember it.

I am actually totally fine with that and not upset at all. However it's still a fact that this forum section is called "speculation" therefore all kind of speculations should be allowed without being called "pathetic" especially when they end up being accurate.
I am not sure it is very productive to keep writing "to the moon" page after page without backing it with some analysis.

I have the lowest of respect for a person to make a self moderated thread and delete post that are not in line with his own.....

Nothing more to say....

[Lauda]

Time will tell of course, but it's funny how you refute the relevance of technical analysis when just two weeks ago many traders predicted a down trend with the support at 6.4k, and guess what the support is 6.4k is real. It clearly shows today. It's not imaginary stuff. It's pure fact.

I am not talking about these bearish predictions based on nothing, but these short term bearish predictions based on facts.

A blind chicken, after a million tries, will do what? What's what these "traders" are.

[Lauda]

Yet I suspect you would suck the dick of someone predicting a 100k price within 2 years supported by a TA  

You are welcome.

Quoted for reference; needed trolling confirmation. TA is a joke at best; keep being the sheep.