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

[dragonvslinux]

To all the bears out there based on the Weekly close, learn to read and measure the candle, especially dojis  



Source: excellenceassured.com

What is a Long-Legged Doji?
The candlestick signals indecision about the future direction of the underlying security.

It is used by some traders to warn that indecision is entering the market after a strong advance. It may also warn that a strong downtrend may be experiencing indecision before making a move to the upside.

Long-legged dojis may also mark the start of a consolidation period, where the price forms one or more long-legged dojis before moving into a tighter pattern or breaks out to form a new trend.

Despite closing the Week with a red candle (-0.47%), the candle itself was an indecisive doji with a slight bullish bias (despite anyone else's opinions on price structure). The low of the wick to the body was +4.23%, while the top of the wick to the candle body was only -2.69%, this gives it a ratio of being around 60% bullish and 40% bearish:

Still neutral, increasingly bored of theis price action now. Happy with price moving in either direction now, as long as it moves  

[1714928154]

1714928154

[1714928154]

1714928154

[1714928154]

1714928154

[machasm]

You know what gets me with all these TA?
Most,if not all that I have listened to (and I do try to understand and listen) have been saying that there is going to be a big move in one direction or another (you would think that this would be a sure thing with bitcoin considering its volatile past) and yet it has traded sideways pretty much for a month now proving everyone wrong (Honey Badger dgaf).
No doubt when it finally does make a move some TA guru is going to say he was right.

[dragonvslinux]

You know what gets me with all these TA?
Most,if not all that I have listened to (and I do try to understand and listen) have been saying that there is going to be a big move in one direction or another (you would think that this would be a sure thing with bitcoin considering its volatile past) and yet it has traded sideways pretty much for a month now proving everyone wrong (Honey Badger dgaf).
No doubt when it finally does make a move some TA guru is going to say he was right.

Nothing is a sure thing, that's a false analogy of markets, economics and probability itself. I'm also expecting a big move, but this doesn't have to happen. Just like the 70% probability of price breaking upwards from an macro sized ascending triangle, this doesn't have to occur either. Maybe this is one of the 3 times out of 10 it doesn't happen right?

With declining volume I'd expect around 70-80% chance of a big move too, like 20%+ up or down within a week, but this also could happen next month or next year, but the longer this consolidation goes on for the larger the move is the likelihood. Again, this could be one of the 2 or 3 times out of 10 this doesn't happen.

Nothing is certain, everything is speculative. People don't make bets based on sure things (that's how you lose a lot of money), they make them based on probabilities. Being wrong half the time can still make you a lot of money if you know use appropriate risk reward ratios (3:1+). I don't mean to be rude, just trying to explain how trading works.

[machasm]

^^^^ appreciate the effort.

[Phil_S]

under 2019 now...

[BitcoinGirl.Club]

Good afternoon WO!
Observing @ $ 9,426

[BitcoinGirl.Club]

under 2019 now...

❓

[Hueristic]

Thinking about changing to linux soon. -ish. Before the next windows version, at the latest. Long time e-friend nerd recommended linux mint. Looks user friendly. Anyone using it? Can recommend/not recommend?

Been using Mint for about a year and a half now. As a complete IT-noob, I was able to find instructions on how to make a bootable stick, install successfully and set it up aftwerwards (thanks to YT).

Upsides:
Easy to handle, no forced updates, no AntiVirus needed, flexible in customization/appearence, comes with lots of pre-installed s/w.

Downsides:
Had driver problems with integrated GPU lots of times because my Ryzen 7 (from march 2019) was seemingly not fully supported by the latest version at that time (has changed now with the latest mint version available), gaming on Linux is still a struggle despite Steam/Proton, trouble shooting can also be a challenge if you don`t find the answer to your problem easily on google/YT (and even then results of success may vary).

Bottom line:
I will stick with Linux for everyday activities on the net, but am thinking about getting an extra machine with MS for gaming only.
Alternatively, there is a new Brazilian distro - Linuxfx 10 - out that is not only supposed to look like Win 10, but also to be able to handle .exes (so far, from what I know, it is in Portuguese only, though).

Hope that helped.

P. S.: Hi everybody.

You can run a win version in a VM with GPU passthrough for finicky programs.

Yeah, tried VM also. Managed to set it up, but after restart there was a display issue.The VM appeared as a square in the middle of the screen, leaving about half the distance to each side unused. Basically meaning that my display had shrunk by 50%.I looked through all the display options on Mint, but the best I could find was "maximize windows". Which did indeed maximize the VM window - but not what was displayed in the window...I still downloaded one of my favourite games and managed to log into my account. After loading was finished, it took me back to the account screen, though.

I also cound not connect an external hd, usb port was not detected. Might have to do with the passthrough-option you mentioned (which I have not looked into. Is that on Mint or VM or both?).

But I agree that having a properly working Win-VM on Linux would be the best of both worlds.

Yes, the pass through is integral as it gives the VM direct access to the hardware. you must add the gpu at a minimum and the other devices are optional.

[Phil_S]

Remember when I told you about the real reason why Sweden didn't lock down?
Well, now a newspaper finally wrote about it.

I remember that we established it wasn't the real reason.

I remember no such ting, and it would not be true anyway.

Do you remember reading the replies, at all?

[LFC_Bitcoin]

under 2019 now...

❓

The price was higher this time last year.

[BitcoinGirl.Club]

Call me a fool  😜

[BitcoinGirl.Club]

Possibly the next pump is on the way. Observing @ $9,458

[LFC_Bitcoin]

Possibly the next pump is on the way. Observing @ $9,458

Hopefully, we’ve been trading in this current range for what feels like a very long time. Is 5 figures too much to ask?

[vapourminer]

Possibly the next pump is on the way. Observing @ $9,458

Hopefully, we’ve been trading in this current range for what feels like a very long time. Is 5 figures too much to ask?

only 5 figures?

why so pessimistic?

6 figures or bust.

[BitcoinGirl.Club]

Is 5 figures too much to ask?

Nah! It was never to hard to ask but from last few weeks it seems the market is liking the range of $9.2k to $9.7kish. Once only it broke $10k but then again came back to it's own range LOL

[BitcoinGirl.Club]

6 figures or bust.

Not so fast, we need strength.

[vapourminer]

Is 5 figures too much to ask?

Nah! It was never to hard to ask but from last few weeks it seems the market is liking the range of $9.2k to $9.7kish. Once only it broke $10k but then again came back to it's own range LOL

6 figures or bust.

Not so fast, we need strength.

man whats with the doom and gloom. a few pages back it was $100k+ we were shooting for.

everyone run out of coke or meth or something?

[BitcoinGirl.Club]

man whats with the doom and gloom. a few pages back it was $100k+ we were shooting for.

everyone run out of coke or meth or something?

Nothing wrong!
We will have a new ATH soon for sure.
Then we can hope for a 6 figure sooner or later.

[JimboToronto]

Good morning Bitcoinland.

Still going sideways... currently $9482USD/$12866CAD (Bitcoinaverage).

5 digits is still elusive but at least we're still over the veggie line.

Go Bitcoin go.

Darwin Awards? Lawl?
No! Spreading disease is
No laughing matter.

Both sides doing it Jimbo.
Spreading disease is bipartisan.

I wasn't talking about partisan politics. I was talking about Donald Trump and the sort of people who support him personally.

You look at groups of anti-brutality protesters and you see the majority wearing masks. In one image of Trump rally attendees, I counted 71 people and only 2 were wearing masks.

It has nothing to do with believing in fiscal responsibility vs government services or military spending vs healthcare. It has to do with supporting an arrogant, ruthless, bigoted, narcissistic bully.

[Tuco Benedicto Pacifico]

Yeah, tried VM also. Managed to set it up, but after restart there was a display issue.The VM appeared as a square in the middle of the screen, leaving about half the distance to each side unused. Basically meaning that my display had shrunk by 50%.I looked through all the display options on Mint, but the best I could find was "maximize windows". Which did indeed maximize the VM window - but not what was displayed in the window...I still downloaded one of my favourite games and managed to log into my account. After loading was finished, it took me back to the account screen, though.

I also cound not connect an external hd, usb port was not detected. Might have to do with the passthrough-option you mentioned (which I have not looked into. Is that on Mint or VM or both?).

But I agree that having a properly working Win-VM on Linux would be the best of both worlds.

may be way off here buy when setting up VMs on my supermicro server i needed special video drivers for that funky VGA only chip in the server (BMC chip..? sorry half asleep), until i had that particular distros special server chips vga driver all my GUIs in the VM looked like crap. wrong resolution, weird colors sometimes, laggy as crap. once that driver was loaded all the VMs displays came up proper over the network.

sorry if im not reading this correctly but ive only on my 5th coffee.

Well, since this annoying "s/w rendering mode" message has disappeared once I upgraded my system, there might actually be a chance now of using this VM in the way it was supposed to work - full screen. I will go ahead and start it up again, after 9 months or so. Those problems regarding resolution etc. do sound familiar though. I remember I could actually load and start War Thunder with Steam. Thing was that my field of view was like 90 %. Meaning that all the stats in the top bar were invisible. I joined a match and about 1 minute in I realised it would be useless because the GUI was limiting the experience just too much. I left the match and as the screen was about to fade to black, I heard the sound of machine guns, followed by the sound which indicates that I was shot down..

Also, regarding your previous post addressing me: No offense taken. I am aware of the fact that merit fishing is not well liked in this thread. I wrote that because it was my very first post, and it got quite some feedback. You know, for some people, very first times are important...